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Tj ET Q q 0 0 0 rg BT 375.05 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.33 638.10 Td (Rule12b-2 ) Tj ET Q q 0 0 0 rg BT 432.54 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.37 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.09 638.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 499.46 638.10 Td (Act\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.00 618.10 Td (Y) Tj ET Q q 0 0 0 rg BT 48.22 618.10 Td (es ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 59.05 615.94 cm /I16 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.96 618.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.46 618.10 Td (No ) Tj ET Q /GS0 gs q 8.92 0 0 10.09 85.18 615.94 cm /I17 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 598.10 Td (As ) Tj ET Q q 0 0 0 rg BT 79.60 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.41 598.10 Td (February27, ) Tj ET Q q 0 0 0 rg BT 143.99 598.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.99 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.97 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.67 598.10 Td (number ) Tj ET Q q 0 0 0 rg BT 216.70 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.52 598.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.99 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.80 598.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 305.51 598.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 330.77 598.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 379.92 598.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.96 598.10 Td (31,499,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.96 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 447.39 598.10 Td (As ) Tj ET Q q 0 0 0 rg BT 460.99 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 598.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 507.61 598.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.61 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.10 598.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 548.13 598.10 Td (last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.00 586.10 Td (business ) Tj ET Q q 0 0 0 rg BT 78.32 586.10 Td (day ) Tj ET Q q 0 0 0 rg BT 95.19 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.96 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.60 586.10 Td (registrant) Tj ET Q q 0 0 0 rg BT 161.15 586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 167.47 586.10 Td (most ) Tj ET Q q 0 0 0 rg BT 189.35 586.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 223.98 586.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 268.06 586.10 Td (second ) Tj ET Q q 0 0 0 rg BT 298.26 586.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 322.35 586.10 Td (quarter\), ) Tj ET Q q 0 0 0 rg BT 358.93 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.58 586.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 414.87 586.10 Td (market ) Tj ET Q q 0 0 0 rg BT 445.07 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 469.15 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.92 586.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 519.57 586.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 544.78 586.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.00 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 54.31 574.10 Td (non-af) Tj ET Q q 0 0 0 rg BT 80.23 574.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 112.26 574.10 Td (based ) Tj ET Q q 0 0 0 rg BT 137.34 574.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 159.65 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.18 574.10 Td (last ) Tj ET Q q 0 0 0 rg BT 190.38 574.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 208.24 574.10 Td (price ) Tj ET Q q 0 0 0 rg BT 230.54 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.19 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.72 574.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.02 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 293.66 574.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 329.29 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.61 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.14 574.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 400.12 574.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 429.65 574.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 460.84 574.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 492.04 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 504.35 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.99 574.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 546.46 574.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.00 562.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.98 562.10 Td ($1.17 ) Tj ET Q q 0 0 0 rg BT 126.71 562.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.82 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.04 562.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 172.26 562.10 Td (this ) Tj ET Q q 0 0 0 rg BT 188.93 562.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 225.32 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.76 562.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 280.87 562.10 Td (has ) Tj ET Q q 0 0 0 rg BT 296.42 562.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 333.08 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.30 562.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 390.01 562.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 430.55 562.10 Td (of) Tj ET Q q 0 0 0 rg BT 438.70 562.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 463.13 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.79 562.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 511.45 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.01 562.10 Td (more ) Tj ET Q q 0 0 0 rg BT 544.78 562.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.00 550.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 62.83 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.66 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.38 550.10 Td (Company) Tj ET Q q 0 0 0 rg BT 130.04 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 136.43 550.10 Td (common ) Tj ET Q q 0 0 0 rg BT 173.93 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.54 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.24 550.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.83 550.10 Td (filiates\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.40 510.10 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 327.83 510.10 Td (TED BY) Tj ET Q q 0 0 0 rg BT 364.41 510.10 Td ( REFERENCE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 490.10 Td (Portions of the Registrant's definitive pr) Tj ET Q q 0 0 0 rg BT 237.74 490.10 Td (oxy for) Tj ET Q q 0 0 0 rg BT 267.83 490.10 Td ( its annual meeting of stockholders ar) Tj ET Q q 0 0 0 rg BT 427.65 490.10 Td (e incorporated by r) Tj ET Q q 0 0 0 rg BT 509.96 490.10 Td (efer) Tj ET Q q 0 0 0 rg BT 526.42 490.10 Td (ence ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 42.00 478.10 Td (into Part III Items 10, 1) Tj ET Q q 0 0 0 rg BT 142.55 478.10 Td (1, 12, 13, and 14 of this Form 10-K.) Tj ET Q endstream endobj 7 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.85 742.25 Td (EBIX, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.60 730.25 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 235.15 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 241.64 730.25 Td (O ) Tj ET Q q 0 0 0 rg BT 251.36 730.25 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 293.59 730.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 330.74 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 337.23 730.25 Td ( ON FORM 10-K) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 691.75 m 562.5 691.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.20 710.43 Td (Page) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.20 696.43 Td (Reference) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 289.8 680.91259765625 m 322.1388671875 680.91259765625 l s q 0 0 1 rg BT 289.80 682.48 Td (P) Tj ET Q q 0 0 1 rg BT 295.17 682.48 Td (AR) Tj ET Q q 0 0 1 rg BT 309.26 682.48 Td (T) Tj ET Q q 0 0 1 rg BT 315.75 682.48 Td ( I) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 667.9833984375 m 119.38671875 667.9833984375 l s q 0 0 1 rg BT 53.00 669.32 Td (Item1. Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 649.9833984375 m 141.3251953125 649.9833984375 l s q 0 0 1 rg BT 53.00 651.32 Td (Item1A. Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 631.9833984375 m 204.1865234375 631.9833984375 l s q 0 0 1 rg BT 53.00 633.32 Td (Item1B. Unresolved Staf) Tj ET Q q 0 0 1 rg BT 155.02 633.32 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 613.9833984375 m 124.3720703125 613.9833984375 l s q 0 0 1 rg BT 53.00 615.32 Td (Item2. Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 595.9833984375 m 157.9658203125 595.9833984375 l s q 0 0 1 rg BT 53.00 597.32 Td (Item3. Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 577.9833984375 m 182.140625 577.9833984375 l s q 0 0 1 rg BT 53.00 579.32 Td (Item4. Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 287.85 559.91259765625 m 324.08046875 559.91259765625 l s q 0 0 1 rg BT 287.85 561.48 Td (P) Tj ET Q q 0 0 1 rg BT 293.22 561.48 Td (AR) Tj ET Q q 0 0 1 rg BT 307.31 561.48 Td (T) Tj ET Q q 0 0 1 rg BT 313.80 561.48 Td ( II) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 546.9833984375 m 463.9326171875 546.9833984375 l s q 0 0 1 rg BT 53.00 548.32 Td (Item5. Market for Registrant) Tj ET Q q 0 0 1 rg BT 173.24 548.32 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 245.38 548.32 Td (, Related Stockholder Matters and Issuer Purchases of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 536.9833984375 m 121.5986328125 536.9833984375 l s q 0 0 1 rg BT 53.00 538.32 Td (Equity Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 518.9833984375 m 178.7861328125 518.9833984375 l s q 0 0 1 rg BT 53.00 520.32 Td (Item6. Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 500.9833984375 m 442.1162109375 500.9833984375 l s q 0 0 1 rg BT 53.00 502.32 Td (Item7. Management) Tj ET Q q 0 0 1 rg BT 138.81 502.32 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 207.98 502.32 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 482.9833984375 m 332.66796875 482.9833984375 l s q 0 0 1 rg BT 53.00 484.32 Td (Item7A. Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 255.45 484.32 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 464.9833984375 m 268.7763671875 464.9833984375 l s q 0 0 1 rg BT 53.00 466.32 Td (Item8. Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 446.9833984375 m 442.638671875 446.9833984375 l s q 0 0 1 rg BT 53.00 448.32 Td (Item9. Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 229.63 448.32 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 294.06 448.32 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 428.9833984375 m 189.3623046875 428.9833984375 l s q 0 0 1 rg BT 53.00 430.32 Td (Item9A. Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 410.9833984375 m 163.52734375 410.9833984375 l s q 0 0 1 rg BT 53.00 412.32 Td (Item9B. Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 285.9 392.91259765625 m 326.0220703125 392.91259765625 l s q 0 0 1 rg BT 285.90 394.48 Td (P) Tj ET Q q 0 0 1 rg BT 291.27 394.48 Td (AR) Tj ET Q q 0 0 1 rg BT 305.36 394.48 Td (T) Tj ET Q q 0 0 1 rg BT 311.85 394.48 Td ( III) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 379.9833984375 m 316.3203125 379.9833984375 l s q 0 0 1 rg BT 53.00 381.32 Td (Item10. Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 183.88 381.32 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 361.9833984375 m 188.7080078125 361.9833984375 l s q 0 0 1 rg BT 53.00 363.32 Td (Item1) Tj ET Q q 0 0 1 rg BT 78.45 363.32 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 343.0833984375 m 463.4345703125 343.0833984375 l s q 0 0 1 rg BT 53.00 344.42 Td (Item12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 333.0833984375 m 83.546875 333.0833984375 l s q 0 0 1 rg BT 53.00 334.42 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 314.9833984375 m 391.5205078125 314.9833984375 l s q 0 0 1 rg BT 53.00 316.32 Td (Item13. Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 227.50 316.32 Td (T) Tj ET Q q 0 0 1 rg BT 233.26 316.32 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 296.9833984375 m 247.1162109375 296.9833984375 l s q 0 0 1 rg BT 53.00 298.32 Td (Item14. Principal ) Tj ET Q q 0 0 1 rg BT 126.88 298.32 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 286.3 278.91259765625 m 325.77021484375 278.91259765625 l s q 0 0 1 rg BT 286.30 280.48 Td (P) Tj ET Q q 0 0 1 rg BT 291.67 280.48 Td (AR) Tj ET Q q 0 0 1 rg BT 305.76 280.48 Td (T) Tj ET Q q 0 0 1 rg BT 312.25 280.48 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 265.9833984375 m 264.34765625 265.9833984375 l s q 0 0 1 rg BT 53.00 267.32 Td (Item15. Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 247.9833984375 m 101.216796875 247.9833984375 l s q 0 0 1 rg BT 59.00 249.32 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 225.08339843750002 m 113.7119140625 225.08339843750002 l s q 0 0 1 rg BT 59.00 226.42 Td (Exhibit Index) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 204.08339843750002 m 104.8154296875 204.08339843750002 l s q 0 0 1 rg BT 59.00 205.42 Td (ScheduleII) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 187.32 Td (Exhibit 21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 173.32 Td (Exhibit 23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 159.32 Td (Exhibit 31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 145.32 Td (Exhibit 31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.32 Td (Exhibit 32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 117.32 Td (Exhibit 32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 103.32 Td (Exhibit 101) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 667.9833984375 m 559 667.9833984375 l s q 0 0 1 rg BT 554.00 669.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 649.9833984375 m 559 649.9833984375 l s q 0 0 1 rg BT 549.00 651.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 631.9833984375 m 559 631.9833984375 l s q 0 0 1 rg BT 549.00 633.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 613.9833984375 m 559 613.9833984375 l s q 0 0 1 rg BT 549.00 615.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 595.9833984375 m 559 595.9833984375 l s q 0 0 1 rg BT 549.00 597.32 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 577.9833984375 m 559 577.9833984375 l s q 0 0 1 rg BT 549.00 579.32 Td (21) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 537.0833984375 m 559 537.0833984375 l s q 0 0 1 rg BT 549.00 538.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 518.9833984375 m 559 518.9833984375 l s q 0 0 1 rg BT 549.00 520.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 500.9833984375 m 559 500.9833984375 l s q 0 0 1 rg BT 549.00 502.32 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 482.9833984375 m 559 482.9833984375 l s q 0 0 1 rg BT 549.00 484.32 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 464.9833984375 m 559 464.9833984375 l s q 0 0 1 rg BT 549.00 466.32 Td (48) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 446.9833984375 m 559 446.9833984375 l s q 0 0 1 rg BT 549.00 448.32 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 428.9833984375 m 559 428.9833984375 l s q 0 0 1 rg BT 549.00 430.32 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 410.9833984375 m 559 410.9833984375 l s q 0 0 1 rg BT 549.00 412.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 379.9833984375 m 559 379.9833984375 l s q 0 0 1 rg BT 549.00 381.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 361.9833984375 m 559 361.9833984375 l s q 0 0 1 rg BT 549.00 363.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 333.0833984375 m 559 333.0833984375 l s q 0 0 1 rg BT 549.00 334.42 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 314.9833984375 m 559 314.9833984375 l s q 0 0 1 rg BT 549.00 316.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 296.9833984375 m 559 296.9833984375 l s q 0 0 1 rg BT 549.00 298.32 Td (98) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 265.9833984375 m 559 265.9833984375 l s q 0 0 1 rg BT 549.00 267.32 Td (99) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 247.9833984375 m 559 247.9833984375 l s q 0 0 1 rg BT 544.00 249.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 225.08339843750002 m 559 225.08339843750002 l s q 0 0 1 rg BT 544.00 226.42 Td (101) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 204.08339843750002 m 559 204.08339843750002 l s q 0 0 1 rg BT 544.00 205.42 Td (103) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.95 742.25 Td (SAFE HARBOR REGARDING FOR) Tj ET Q q 0 0 0 rg BT 309.89 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 318.78 742.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 406.66 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 413.14 742.25 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.85 708.25 Td (used ) Tj ET Q q 0 0 0 rg BT 84.03 708.25 Td (her) Tj ET Q q 0 0 0 rg BT 96.99 708.25 Td (ein, ) Tj ET Q q 0 0 0 rg BT 114.56 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.63 708.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 154.70 708.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 189.50 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.13 708.25 Td (Company) Tj ET Q q 0 0 0 rg BT 247.90 708.25 Td (, ) Tj ET Q q 0 0 0 rg BT 258.82 708.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 286.40 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.26 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.11 708.25 Td (us ) Tj ET Q q 0 0 0 rg BT 354.98 708.25 Td (r) Tj ET Q q 0 0 0 rg BT 358.50 708.25 Td (efer ) Tj ET Q q 0 0 0 rg BT 376.90 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.53 708.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 411.20 708.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 431.82 708.25 Td (a ) Tj ET Q q 0 0 0 rg BT 439.67 708.25 Td (Delawar) Tj ET Q q 0 0 0 rg BT 474.30 708.25 Td (e ) Tj ET Q q 0 0 0 rg BT 481.59 708.25 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 534.72 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.57 708.25 Td (its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.60 696.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 154.44 696.25 Td (as ) Tj ET Q q 0 0 0 rg BT 165.83 696.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.33 696.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 214.71 696.25 Td (entity) Tj ET Q q 0 0 0 rg BT 236.37 696.25 Td (, ) Tj ET Q q 0 0 0 rg BT 241.37 696.25 Td (except ) Tj ET Q q 0 0 0 rg BT 269.40 696.25 Td (wher) Tj ET Q q 0 0 0 rg BT 289.03 696.25 Td (e ) Tj ET Q q 0 0 0 rg BT 295.97 696.25 Td (it ) Tj ET Q q 0 0 0 rg BT 304.03 696.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.20 696.25 Td (clear ) Tj ET Q q 0 0 0 rg BT 336.25 696.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.02 696.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 393.74 696.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 417.90 696.25 Td (only ) Tj ET Q q 0 0 0 rg BT 437.62 696.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 460.94 696.25 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 674.25 Td (This ) Tj ET Q q 0 0 0 rg BT 106.04 674.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 129.97 674.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 152.78 674.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 188.36 674.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 256.16 674.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 300.63 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.33 674.25 Td (information ) Tj ET Q q 0 0 0 rg BT 366.80 674.25 Td (within ) Tj ET Q q 0 0 0 rg BT 394.62 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.10 674.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 431.89 674.25 Td (harbor ) Tj ET Q q 0 0 0 rg BT 464.69 674.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 508.62 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.21 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 674.25 Td (Private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.76 662.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 133.52 662.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 165.88 662.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 182.64 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.30 662.25 Td (1995, ) Tj ET Q q 0 0 0 rg BT 218.12 662.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 250.44 662.25 Td (27A) Tj ET Q q 0 0 0 rg BT 267.11 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.43 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.09 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.63 662.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 335.87 662.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 352.64 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.29 662.25 Td (1933, ) Tj ET Q q 0 0 0 rg BT 388.11 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.88 662.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 437.20 662.25 Td (21E ) Tj ET Q q 0 0 0 rg BT 455.63 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.28 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.82 662.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 522.58 662.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.20 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 76.28 650.25 Td (1934. ) Tj ET Q q 0 0 0 rg BT 100.42 650.25 Td (These ) Tj ET Q q 0 0 0 rg BT 126.05 650.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 193.34 650.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 237.31 650.25 Td (include ) Tj ET Q q 0 0 0 rg BT 268.51 650.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.48 650.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 352.55 650.25 Td (future ) Tj ET Q q 0 0 0 rg BT 378.18 650.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 418.81 650.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 464.74 650.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 511.47 650.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.21 638.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.97 638.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 145.02 638.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 180.69 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.90 638.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.33 638.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 267.37 638.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 312.99 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.10 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.09 638.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 383.45 638.25 Td (products ) Tj ET Q q 0 0 0 rg BT 419.66 638.25 Td (by ) Tj ET Q q 0 0 0 rg BT 431.44 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.43 638.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 477.47 638.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 514.24 638.25 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.72 626.25 Td (management's ) Tj ET Q q 0 0 0 rg BT 127.79 626.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 152.18 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 626.25 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 216.00 626.25 Td (W) Tj ET Q q 0 0 0 rg BT 224.64 626.25 Td (ords ) Tj ET Q q 0 0 0 rg BT 245.14 626.25 Td (such ) Tj ET Q q 0 0 0 rg BT 266.76 626.25 Td (as ) Tj ET Q q 0 0 0 rg BT 278.37 626.25 Td (may) Tj ET Q q 0 0 0 rg BT 299.38 626.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.60 626.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 346.48 626.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 387.81 626.25 Td (would, ) Tj ET Q q 0 0 0 rg BT 427.48 626.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 471.01 626.25 Td (expect, ) Tj ET Q q 0 0 0 rg BT 511.77 626.25 Td (anticipate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 96.94 614.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 135.55 614.25 Td (seek, ) Tj ET Q q 0 0 0 rg BT 166.94 614.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 197.77 614.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 239.15 614.25 Td (continue, ) Tj ET Q q 0 0 0 rg BT 287.20 614.25 Td (predict, ) Tj ET Q q 0 0 0 rg BT 328.58 614.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 357.76 614.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 398.04 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.72 614.25 Td (other ) Tj ET Q q 0 0 0 rg BT 437.51 614.25 Td (words ) Tj ET Q q 0 0 0 rg BT 464.19 614.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.76 614.25 Td (expressions ) Tj ET Q q 0 0 0 rg BT 523.66 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.23 614.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 86.15 602.25 Td (are ) Tj ET Q q 0 0 0 rg BT 100.07 602.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 136.22 602.25 Td (by ) Tj ET Q q 0 0 0 rg BT 147.94 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.87 602.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.48 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.97 602.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 244.79 602.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 312.04 602.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 358.47 602.25 Td (although ) Tj ET Q q 0 0 0 rg BT 395.18 602.25 Td (not ) Tj ET Q q 0 0 0 rg BT 409.68 602.25 Td (all ) Tj ET Q q 0 0 0 rg BT 421.39 602.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 488.64 602.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 532.57 602.25 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.51 590.25 Td (identifying ) Tj ET Q q 0 0 0 rg BT 120.36 590.25 Td (words. ) Tj ET Q q 0 0 0 rg BT 150.06 590.25 Td (These ) Tj ET Q q 0 0 0 rg BT 176.90 590.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.08 590.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.25 590.25 Td (based ) Tj ET Q q 0 0 0 rg BT 262.99 590.25 Td (on ) Tj ET Q q 0 0 0 rg BT 275.95 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.25 590.25 Td (current ) Tj ET Q q 0 0 0 rg BT 323.53 590.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 376.48 590.25 Td (about ) Tj ET Q q 0 0 0 rg BT 401.66 590.25 Td (future ) Tj ET Q q 0 0 0 rg BT 428.50 590.25 Td (events ) Tj ET Q q 0 0 0 rg BT 457.02 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.31 590.25 Td (results ) Tj ET Q q 0 0 0 rg BT 497.39 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.79 590.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.52 578.25 Td (is ) Tj ET Q q 0 0 0 rg BT 74.72 578.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 112.35 578.25 Td (available ) Tj ET Q q 0 0 0 rg BT 149.97 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.27 578.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 172.20 578.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 203.72 578.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 257.20 578.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 280.12 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.09 578.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 351.21 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.18 578.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 391.47 578.25 Td (only ) Tj ET Q q 0 0 0 rg BT 410.78 578.25 Td (as ) Tj ET Q q 0 0 0 rg BT 420.64 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.50 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.25 578.25 Td (date ) Tj ET Q q 0 0 0 rg BT 462.43 578.25 Td (on ) Tj ET Q q 0 0 0 rg BT 473.96 578.25 Td (which ) Tj ET Q q 0 0 0 rg BT 499.93 578.25 Td (such ) Tj ET Q q 0 0 0 rg BT 519.79 578.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 566.25 Td (made.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 544.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.47 544.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 131.27 544.25 Td (results ) Tj ET Q q 0 0 0 rg BT 160.30 544.25 Td (may ) Tj ET Q q 0 0 0 rg BT 180.43 544.25 Td (dif) Tj ET Q q 0 0 0 rg BT 191.36 544.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 205.38 544.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 248.84 544.25 Td (from ) Tj ET Q q 0 0 0 rg BT 271.20 544.25 Td (those ) Tj ET Q q 0 0 0 rg BT 295.23 544.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 337.58 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.83 544.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 382.31 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.00 544.25 Td (these ) Tj ET Q q 0 0 0 rg BT 416.47 544.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 484.93 544.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 532.56 544.25 Td (Factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.72 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 87.66 532.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 112.60 532.25 Td (such ) Tj ET Q q 0 0 0 rg BT 133.65 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.82 532.25 Td (dif) Tj ET Q q 0 0 0 rg BT 151.75 532.25 Td (ference, ) Tj ET Q q 0 0 0 rg BT 186.39 532.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 221.05 532.25 Td (but ) Tj ET Q q 0 0 0 rg BT 236.55 532.25 Td (are ) Tj ET Q q 0 0 0 rg BT 251.48 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 266.99 532.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 298.04 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.55 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.49 532.25 Td (willingness ) Tj ET Q q 0 0 0 rg BT 371.77 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.83 532.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 434.43 532.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 475.47 532.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 512.62 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.12 532.25 Td (outsource ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.94 520.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 111.31 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.36 520.25 Td (other ) Tj ET Q q 0 0 0 rg BT 151.52 520.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 196.90 520.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 222.28 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.67 520.25 Td (third ) Tj ET Q q 0 0 0 rg BT 254.17 520.25 Td (parties; ) Tj ET Q q 0 0 0 rg BT 286.21 520.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 317.15 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.20 520.25 Td (other ) Tj ET Q q 0 0 0 rg BT 357.36 520.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 407.17 520.25 Td (pressures ) Tj ET Q q 0 0 0 rg BT 447.00 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.05 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.88 520.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 526.07 520.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.23 520.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 68.70 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 78.50 508.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 114.97 508.25 Td (share ) Tj ET Q q 0 0 0 rg BT 137.55 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.36 508.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.28 508.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.08 508.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.00 508.25 Td (result ) Tj ET Q q 0 0 0 rg BT 207.70 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.50 508.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 247.31 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 258.79 508.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 307.48 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.39 508.25 Td (others; ) Tj ET Q q 0 0 0 rg BT 352.09 508.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 385.78 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.03 508.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 433.72 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.98 508.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 472.22 508.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 517.57 508.25 Td (judgments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.88 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.32 496.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.32 496.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 135.08 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.53 496.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 178.19 496.25 Td (with ) Tj ET Q q 0 0 0 rg BT 198.64 496.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 219.64 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.75 496.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 286.35 496.25 Td (including ) Tj ET Q q 0 0 0 rg BT 326.79 496.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 373.33 496.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 416.27 496.25 Td (taxation ) Tj ET Q q 0 0 0 rg BT 451.15 496.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 506.02 496.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 549.79 496.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.97 484.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 105.67 484.25 Td (new ) Tj ET Q q 0 0 0 rg BT 125.31 484.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 140.52 484.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 161.84 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.26 484.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 211.13 484.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.33 484.25 Td (interpretations\) ) Tj ET Q q 0 0 0 rg BT 290.41 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.17 484.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 340.26 484.25 Td (or ) Tj ET Q q 0 0 0 rg BT 351.58 484.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 383.44 484.25 Td (jurisdictions; ) Tj ET Q q 0 0 0 rg BT 438.65 484.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 479.39 484.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 497.37 484.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 547.57 484.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.60 472.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 93.55 472.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 136.70 472.25 Td (with ) Tj ET Q q 0 0 0 rg BT 156.53 472.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 206.36 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.85 472.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 266.56 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.39 472.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 307.33 472.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 346.04 472.25 Td (\(particularly ) Tj ET Q q 0 0 0 rg BT 397.51 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.34 472.25 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 451.99 472.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 490.70 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.19 472.25 Td (India ) Tj ET Q q 0 0 0 rg BT 529.79 472.25 Td (wherein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.51 460.25 Td (have ) Tj ET Q q 0 0 0 rg BT 84.23 460.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 128.29 460.25 Td (operations\); ) Tj ET Q q 0 0 0 rg BT 177.90 460.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 215.85 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 225.47 460.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 252.31 460.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 288.32 460.25 Td (including ) Tj ET Q q 0 0 0 rg BT 327.93 460.25 Td (market ) Tj ET Q q 0 0 0 rg BT 357.54 460.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 403.84 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.12 460.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 464.18 460.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 495.46 460.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 512.29 460.25 Td (fluctuations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.40 448.25 Td (may ) Tj ET Q q 0 0 0 rg BT 97.58 448.25 Td (impede ) Tj ET Q q 0 0 0 rg BT 129.97 448.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.26 448.25 Td (access ) Tj ET Q q 0 0 0 rg BT 174.76 448.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 188.00 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 199.29 448.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 235.00 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.18 448.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 269.25 448.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 283.04 448.25 Td (external ) Tj ET Q q 0 0 0 rg BT 318.20 448.25 Td (financing; ) Tj ET Q q 0 0 0 rg BT 361.70 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.10 448.25 Td (international ) Tj ET Q q 0 0 0 rg BT 432.60 448.25 Td (conflict, ) Tj ET Q q 0 0 0 rg BT 468.60 448.25 Td (including ) Tj ET Q q 0 0 0 rg BT 509.34 448.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 543.95 448.25 Td (acts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.22 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.01 436.25 Td (other ) Tj ET Q q 0 0 0 rg BT 115.90 436.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 137.14 436.25 Td (are ) Tj ET Q q 0 0 0 rg BT 151.69 436.25 Td (described ) Tj ET Q q 0 0 0 rg BT 192.35 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.48 436.25 Td (more ) Tj ET Q q 0 0 0 rg BT 225.37 436.25 Td (detail ) Tj ET Q q 0 0 0 rg BT 249.93 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.05 436.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 278.51 436.25 Td (I ) Tj ET Q q 0 0 0 rg BT 284.18 436.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 304.86 436.25 Td (1A, ) Tj ET Q q 0 0 0 rg BT 321.92 436.25 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 346.69 436.25 Td (Factors", ) Tj ET Q q 0 0 0 rg BT 385.06 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 395.73 436.25 Td (well ) Tj ET Q q 0 0 0 rg BT 415.30 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 425.97 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.10 436.25 Td (other ) Tj ET Q q 0 0 0 rg BT 458.99 436.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 489.11 436.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 543.67 436.25 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 424.25 Td (SEC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 402.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 116.59 402.25 Td (as ) Tj ET Q q 0 0 0 rg BT 127.75 402.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 168.35 402.25 Td (required ) Tj ET Q q 0 0 0 rg BT 204.49 402.25 Td (by ) Tj ET Q q 0 0 0 rg BT 217.32 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.37 402.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 262.95 402.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 303.54 402.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 327.20 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.25 402.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.96 402.25 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 430.10 402.25 Td (no ) Tj ET Q q 0 0 0 rg BT 442.93 402.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 486.31 402.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.92 402.25 Td (update ) Tj ET Q q 0 0 0 rg BT 526.40 402.25 Td (any ) Tj ET Q q 0 0 0 rg BT 543.67 402.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 82.61 390.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.85 390.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.54 390.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 140.22 390.25 Td (announce ) Tj ET Q q 0 0 0 rg BT 181.44 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.56 390.25 Td (results ) Tj ET Q q 0 0 0 rg BT 225.58 390.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 239.31 390.25 Td (or ) Tj ET Q q 0 0 0 rg BT 250.55 390.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 285.66 390.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.35 390.25 Td (any ) Tj ET Q q 0 0 0 rg BT 313.69 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.93 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.05 390.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 408.50 390.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 453.62 390.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 495.40 390.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 525.79 390.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.47 390.25 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 378.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 106.92 378.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 164.97 378.25 Td (or ) Tj ET Q q 0 0 0 rg BT 175.80 378.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 211.61 378.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 273.25 378.25 Td (or ) Tj ET Q q 0 0 0 rg BT 284.08 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 298.24 378.25 Td (any ) Tj ET Q q 0 0 0 rg BT 315.18 378.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.23 378.25 Td (reason.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 356.25 Td (Readers ) Tj ET Q q 0 0 0 rg BT 120.74 356.25 Td (should ) Tj ET Q q 0 0 0 rg BT 149.94 356.25 Td (carefully ) Tj ET Q q 0 0 0 rg BT 188.01 356.25 Td (review ) Tj ET Q q 0 0 0 rg BT 217.75 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.50 356.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 279.47 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.44 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.19 356.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 328.73 356.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 358.47 356.25 Td (described ) Tj ET Q q 0 0 0 rg BT 399.31 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.63 356.25 Td (this ) Tj ET Q q 0 0 0 rg BT 426.61 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.58 356.25 Td (other ) Tj ET Q q 0 0 0 rg BT 466.66 356.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 512.52 356.25 Td (we ) Tj ET Q q 0 0 0 rg BT 526.71 356.25 Td (file ) Tj ET Q q 0 0 0 rg BT 542.57 356.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (time ) Tj ET Q q 0 0 0 rg BT 70.27 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.55 344.25 Td (time ) Tj ET Q q 0 0 0 rg BT 100.83 344.25 Td (with ) Tj ET Q q 0 0 0 rg BT 121.10 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.82 344.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 159.16 344.25 Td (including ) Tj ET Q q 0 0 0 rg BT 199.43 344.25 Td (future ) Tj ET Q q 0 0 0 rg BT 225.81 344.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 256.08 344.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.58 344.25 Td (Forms ) Tj ET Q q 0 0 0 rg BT 296.64 344.25 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 319.69 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.63 344.25 Td (8-K, ) Tj ET Q q 0 0 0 rg BT 357.18 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.12 344.25 Td (any ) Tj ET Q q 0 0 0 rg BT 391.06 344.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 444.10 344.25 Td (thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.25 Td (Y) Tj ET Q q 0 0 0 rg BT 92.22 322.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 105.33 322.25 Td (may ) Tj ET Q q 0 0 0 rg BT 125.65 322.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 153.75 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.18 322.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 191.63 322.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 220.29 322.25 Td (at ) Tj ET Q q 0 0 0 rg BT 230.61 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 247.04 322.25 Td (website, ) Tj ET Q q 0 0 0 rg BT 283.19 322.25 Td (www) Tj ET Q q 0 0 0 rg BT 304.21 322.25 Td (.ebix.com ) Tj ET Q q 0 0 0 rg BT 346.75 322.25 Td (under ) Tj ET Q q 0 0 0 rg BT 372.62 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.94 322.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 428.25 322.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 483.56 322.25 Td (section, ) Tj ET Q q 0 0 0 rg BT 517.49 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 528.92 322.25 Td (over ) Tj ET Q q 0 0 0 rg BT 549.80 322.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 83.59 310.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.31 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.03 310.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 134.56 310.25 Td (web ) Tj ET Q q 0 0 0 rg BT 153.72 310.25 Td (site, ) Tj ET Q q 0 0 0 rg BT 172.61 310.25 Td (www) Tj ET Q q 0 0 0 rg BT 193.62 310.25 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 225.74 310.25 Td (.) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 742.25 Td (I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Item 1. BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.17 672.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 650.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 122.46 650.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 139.80 650.25 Td (\(Ebix, ) Tj ET Q q 0 0 0 rg BT 175.46 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.75 650.25 Td (Company) Tj ET Q q 0 0 0 rg BT 232.42 650.25 Td (, ) Tj ET Q q 0 0 0 rg BT 241.43 650.25 Td (we ) Tj ET Q q 0 0 0 rg BT 264.04 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 274.44 650.25 Td (our\), ) Tj ET Q q 0 0 0 rg BT 304.55 650.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.06 650.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 351.43 650.25 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 402.10 650.25 Td (was ) Tj ET Q q 0 0 0 rg BT 419.72 650.25 Td (founded ) Tj ET Q q 0 0 0 rg BT 454.56 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.41 650.25 Td (1976 ) Tj ET Q q 0 0 0 rg BT 486.48 650.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.88 650.25 Td (Delphi ) Tj ET Q q 0 0 0 rg BT 526.16 650.25 Td (Systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 71.14 638.25 Td (a ) Tj ET Q q 0 0 0 rg BT 78.95 638.25 Td (California ) Tj ET Q q 0 0 0 rg BT 122.86 638.25 Td (corporation. ) Tj ET Q q 0 0 0 rg BT 174.83 638.25 Td (In ) Tj ET Q q 0 0 0 rg BT 186.53 638.25 Td (December2003 ) Tj ET Q q 0 0 0 rg BT 253.49 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.07 638.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.33 638.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 348.02 638.25 Td (its ) Tj ET Q q 0 0 0 rg BT 360.84 638.25 Td (name ) Tj ET Q q 0 0 0 rg BT 385.87 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.02 638.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 421.77 638.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 440.17 638.25 Td (The ) Tj ET Q q 0 0 0 rg BT 459.09 638.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.35 638.25 Td (is ) Tj ET Q q 0 0 0 rg BT 511.39 638.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 536.43 638.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 638.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 94.17 626.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 123.89 626.25 Td (Market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 604.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 119.75 604.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.29 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.59 604.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 165.89 604.25 Td (international ) Tj ET Q q 0 0 0 rg BT 218.29 604.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 252.37 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.57 604.25 Td (software ) Tj ET Q q 0 0 0 rg BT 298.86 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.17 604.25 Td (e-commerce ) Tj ET Q q 0 0 0 rg BT 366.44 604.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 404.42 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.07 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.15 604.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 470.83 604.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 504.62 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.92 604.25 Td (healthcare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 93.82 592.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 115.15 592.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 152.03 592.25 Td (application ) Tj ET Q q 0 0 0 rg BT 198.89 592.25 Td (software ) Tj ET Q q 0 0 0 rg BT 235.76 592.25 Td (products ) Tj ET Q q 0 0 0 rg BT 272.64 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.73 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.39 592.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 342.14 592.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 377.36 592.25 Td (including ) Tj ET Q q 0 0 0 rg BT 417.57 592.25 Td (carrier ) Tj ET Q q 0 0 0 rg BT 446.09 592.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 482.70 592.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 513.45 592.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 547.56 592.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (data ) Tj ET Q q 0 0 0 rg BT 68.79 580.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 115.08 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 125.54 580.25 Td (well ) Tj ET Q q 0 0 0 rg BT 144.90 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 155.37 580.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 186.39 580.25 Td (software ) Tj ET Q q 0 0 0 rg BT 222.96 580.25 Td (development. ) Tj ET Q q 0 0 0 rg BT 279.25 580.25 Td (During ) Tj ET Q q 0 0 0 rg BT 309.71 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.07 580.25 Td (year ) Tj ET Q q 0 0 0 rg BT 343.41 580.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.43 580.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 427.65 580.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 452.29 580.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.18 580.25 Td (69%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.51 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.65 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.12 580.25 Td (Ebix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.04 568.25 Td (came ) Tj ET Q q 0 0 0 rg BT 111.63 568.25 Td (from ) Tj ET Q q 0 0 0 rg BT 133.57 568.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 181.05 568.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 221.87 568.25 Td (exchanges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 546.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.28 546.25 Td (goal ) Tj ET Q q 0 0 0 rg BT 137.22 546.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.62 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.13 546.25 Td (be ) Tj ET Q q 0 0 0 rg BT 169.29 546.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.23 546.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 216.40 546.25 Td (powerhouse ) Tj ET Q q 0 0 0 rg BT 267.44 546.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.50 546.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 319.54 546.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 370.03 546.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.54 546.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.48 546.25 Td (world. ) Tj ET Q q 0 0 0 rg BT 423.84 546.25 Td (The ) Tj ET Q q 0 0 0 rg BT 442.12 546.25 Td (Company) Tj ET Q q 0 0 0 rg BT 483.78 546.25 Td (s ) Tj ET Q q 0 0 0 rg BT 490.40 546.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 537.56 546.25 Td (vision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.10 534.25 Td (to ) Tj ET Q q 0 0 0 rg BT 69.30 534.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 93.39 534.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.82 534.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.46 534.25 Td (conver) Tj ET Q q 0 0 0 rg BT 147.49 534.25 Td (gence ) Tj ET Q q 0 0 0 rg BT 173.23 534.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.98 534.25 Td (all ) Tj ET Q q 0 0 0 rg BT 196.41 534.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 237.15 534.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 277.06 534.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 317.81 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.67 534.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 365.98 534.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.19 534.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.05 534.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 415.46 534.25 Td (such ) Tj ET Q q 0 0 0 rg BT 436.22 534.25 Td (that ) Tj ET Q q 0 0 0 rg BT 453.64 534.25 Td (data ) Tj ET Q q 0 0 0 rg BT 472.72 534.25 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 518.48 534.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 543.13 534.25 Td (once ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.76 522.25 Td (data ) Tj ET Q q 0 0 0 rg BT 75.75 522.25 Td (entry ) Tj ET Q q 0 0 0 rg BT 98.62 522.25 Td (has ) Tj ET Q q 0 0 0 rg BT 114.27 522.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 147.71 522.25 Td (been ) Tj ET Q q 0 0 0 rg BT 168.91 522.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 195.39 522.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 216.60 522.25 Td (strives ) Tj ET Q q 0 0 0 rg BT 245.04 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.14 522.25 Td (work ) Tj ET Q q 0 0 0 rg BT 278.02 522.25 Td (collaboratively ) Tj ET Q q 0 0 0 rg BT 340.32 522.25 Td (with ) Tj ET Q q 0 0 0 rg BT 360.42 522.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 388.85 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.96 522.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 432.94 522.25 Td (innovative ) Tj ET Q q 0 0 0 rg BT 477.48 522.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 524.24 522.25 Td (strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.78 510.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 109.25 510.25 Td (that ) Tj ET Q q 0 0 0 rg BT 128.58 510.25 Td (address ) Tj ET Q q 0 0 0 rg BT 162.92 510.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 198.36 510.25 Td (business ) Tj ET Q q 0 0 0 rg BT 236.59 510.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 283.14 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.92 510.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 360.97 510.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 384.20 510.25 Td (combines ) Tj ET Q q 0 0 0 rg BT 426.87 510.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.43 510.25 Td (newest ) Tj ET Q q 0 0 0 rg BT 475.54 510.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 530.43 510.25 Td (with ) Tj ET Q q 0 0 0 rg BT 552.55 510.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 98.31 498.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.87 498.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 155.81 498.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 190.25 498.25 Td (design ) Tj ET Q q 0 0 0 rg BT 219.13 498.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.35 498.25 Td (integration, ) Tj ET Q q 0 0 0 rg BT 284.94 498.25 Td (IT) Tj ET Q q 0 0 0 rg BT 294.20 498.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.97 498.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.19 498.25 Td (business ) Tj ET Q q 0 0 0 rg BT 350.85 498.25 Td (process ) Tj ET Q q 0 0 0 rg BT 383.62 498.25 Td (outsourcing, ) Tj ET Q q 0 0 0 rg BT 436.11 498.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 487.21 498.25 Td (software, ) Tj ET Q q 0 0 0 rg BT 526.91 498.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.92 498.25 Td (W) Tj ET Q q 0 0 0 rg BT 552.56 498.25 Td (eb ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 486.25 Td (application ) Tj ET Q q 0 0 0 rg BT 113.87 486.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 145.82 486.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 486.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 178.03 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.74 486.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 235.80 486.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 261.06 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.89 486.25 Td (or) Tj ET Q q 0 0 0 rg BT 280.04 486.25 Td (ganizations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.05 Td (Acquisition & Integration Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 437.05 Td (The ) Tj ET Q q 0 0 0 rg BT 103.30 437.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.94 437.05 Td (views ) Tj ET Q q 0 0 0 rg BT 169.02 437.05 Td (business ) Tj ET Q q 0 0 0 rg BT 204.67 437.05 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 254.19 437.05 Td (as ) Tj ET Q q 0 0 0 rg BT 264.28 437.05 Td (an ) Tj ET Q q 0 0 0 rg BT 275.47 437.05 Td (integral ) Tj ET Q q 0 0 0 rg BT 307.76 437.05 Td (part ) Tj ET Q q 0 0 0 rg BT 325.06 437.05 Td (of ) Tj ET Q q 0 0 0 rg BT 335.15 437.05 Td (the ) Tj ET Q q 0 0 0 rg BT 349.12 437.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 395.45 437.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 425.53 437.05 Td (strategy) Tj ET Q q 0 0 0 rg BT 456.54 437.05 Td (, ) Tj ET Q q 0 0 0 rg BT 460.79 437.05 Td (an ) Tj ET Q q 0 0 0 rg BT 471.98 437.05 Td (ef) Tj ET Q q 0 0 0 rg BT 479.57 437.05 Td (ficient ) Tj ET Q q 0 0 0 rg BT 506.86 437.05 Td (way ) Tj ET Q q 0 0 0 rg BT 525.28 437.05 Td (to ) Tj ET Q q 0 0 0 rg BT 534.81 437.05 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.05 Td (expand ) Tj ET Q q 0 0 0 rg BT 81.49 425.05 Td (its ) Tj ET Q q 0 0 0 rg BT 93.54 425.05 Td (reach ) Tj ET Q q 0 0 0 rg BT 117.80 425.05 Td (in ) Tj ET Q q 0 0 0 rg BT 128.18 425.05 Td (the ) Tj ET Q q 0 0 0 rg BT 143.01 425.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 183.93 425.05 Td (sector) Tj ET Q q 0 0 0 rg BT 207.41 425.05 Td (, ) Tj ET Q q 0 0 0 rg BT 212.52 425.05 Td (and ) Tj ET Q q 0 0 0 rg BT 229.57 425.05 Td (an ) Tj ET Q q 0 0 0 rg BT 241.61 425.05 Td (ef) Tj ET Q q 0 0 0 rg BT 249.20 425.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 279.01 425.05 Td (utilization ) Tj ET Q q 0 0 0 rg BT 322.17 425.05 Td (of ) Tj ET Q q 0 0 0 rg BT 333.11 425.05 Td (the ) Tj ET Q q 0 0 0 rg BT 347.93 425.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.31 425.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.68 425.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 450.16 425.05 Td (from ) Tj ET Q q 0 0 0 rg BT 472.20 425.05 Td (its ) Tj ET Q q 0 0 0 rg BT 484.26 425.05 Td (business. ) Tj ET Q q 0 0 0 rg BT 523.26 425.05 Td (However) Tj ET Q q 0 0 0 rg BT 559.51 425.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.05 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 413.05 Td (management ) Tj ET Q q 0 0 0 rg BT 118.10 413.05 Td (does ) Tj ET Q q 0 0 0 rg BT 138.83 413.05 Td (not ) Tj ET Q q 0 0 0 rg BT 154.00 413.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 185.27 413.05 Td (that ) Tj ET Q q 0 0 0 rg BT 202.66 413.05 Td (this ) Tj ET Q q 0 0 0 rg BT 219.50 413.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 265.78 413.05 Td (strategy ) Tj ET Q q 0 0 0 rg BT 299.83 413.05 Td (is ) Tj ET Q q 0 0 0 rg BT 308.90 413.05 Td (entirely ) Tj ET Q q 0 0 0 rg BT 341.84 413.05 Td (critical ) Tj ET Q q 0 0 0 rg BT 372.00 413.05 Td (to ) Tj ET Q q 0 0 0 rg BT 382.17 413.05 Td (its ) Tj ET Q q 0 0 0 rg BT 394.01 413.05 Td (future ) Tj ET Q q 0 0 0 rg BT 420.29 413.05 Td (profitability ) Tj ET Q q 0 0 0 rg BT 470.45 413.05 Td (or ) Tj ET Q q 0 0 0 rg BT 481.18 413.05 Td (liquidity) Tj ET Q q 0 0 0 rg BT 514.42 413.05 Td (. ) Tj ET Q q 0 0 0 rg BT 519.15 413.05 Td (W) Tj ET Q q 0 0 0 rg BT 527.78 413.05 Td (e ) Tj ET Q q 0 0 0 rg BT 534.62 413.05 Td (look ) Tj ET Q q 0 0 0 rg BT 554.79 413.05 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.05 Td (making ) Tj ET Q q 0 0 0 rg BT 82.46 401.05 Td (complimentary ) Tj ET Q q 0 0 0 rg BT 145.46 401.05 Td (accretive ) Tj ET Q q 0 0 0 rg BT 184.00 401.05 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 234.23 401.05 Td (as ) Tj ET Q q 0 0 0 rg BT 245.03 401.05 Td (and ) Tj ET Q q 0 0 0 rg BT 261.93 401.05 Td (when ) Tj ET Q q 0 0 0 rg BT 286.05 401.05 Td (the ) Tj ET Q q 0 0 0 rg BT 300.73 401.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.08 401.05 Td (has ) Tj ET Q q 0 0 0 rg BT 357.87 401.05 Td (suf) Tj ET Q q 0 0 0 rg BT 369.91 401.05 Td (ficient ) Tj ET Q q 0 0 0 rg BT 397.92 401.05 Td (liquidity) Tj ET Q q 0 0 0 rg BT 431.16 401.05 Td (, ) Tj ET Q q 0 0 0 rg BT 436.12 401.05 Td (stable ) Tj ET Q q 0 0 0 rg BT 461.91 401.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 482.14 401.05 Td (flows, ) Tj ET Q q 0 0 0 rg BT 509.32 401.05 Td (and ) Tj ET Q q 0 0 0 rg BT 526.22 401.05 Td (access ) Tj ET Q q 0 0 0 rg BT 554.22 401.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.26 389.05 Td (at ) Tj ET Q q 0 0 0 rg BT 99.98 389.05 Td (attractive ) Tj ET Q q 0 0 0 rg BT 139.68 389.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 171.61 389.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 192.99 389.05 Td (to ) Tj ET Q q 0 0 0 rg BT 203.27 389.05 Td (do ) Tj ET Q q 0 0 0 rg BT 215.77 389.05 Td (so, ) Tj ET Q q 0 0 0 rg BT 229.66 389.05 Td (if ) Tj ET Q q 0 0 0 rg BT 238.27 389.05 Td (necessary) Tj ET Q q 0 0 0 rg BT 276.48 389.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 365.05 Td (The ) Tj ET Q q 0 0 0 rg BT 103.88 365.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.10 365.05 Td (seeks ) Tj ET Q q 0 0 0 rg BT 169.10 365.05 Td (to ) Tj ET Q q 0 0 0 rg BT 179.21 365.05 Td (acquire ) Tj ET Q q 0 0 0 rg BT 210.97 365.05 Td (businesses ) Tj ET Q q 0 0 0 rg BT 255.52 365.05 Td (that ) Tj ET Q q 0 0 0 rg BT 272.85 365.05 Td (are ) Tj ET Q q 0 0 0 rg BT 287.39 365.05 Td (syner) Tj ET Q q 0 0 0 rg BT 308.87 365.05 Td (gistic ) Tj ET Q q 0 0 0 rg BT 332.87 365.05 Td (to ) Tj ET Q q 0 0 0 rg BT 342.98 365.05 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 369.90 365.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 403.90 365.05 Td (products ) Tj ET Q q 0 0 0 rg BT 440.67 365.05 Td (and ) Tj ET Q q 0 0 0 rg BT 457.44 365.05 Td (services. ) Tj ET Q q 0 0 0 rg BT 494.48 365.05 Td (In ) Tj ET Q q 0 0 0 rg BT 505.15 365.05 Td (this ) Tj ET Q q 0 0 0 rg BT 521.93 365.05 Td (regard ) Tj ET Q q 0 0 0 rg BT 549.80 365.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.88 353.05 Td (goal ) Tj ET Q q 0 0 0 rg BT 116.40 353.05 Td (is ) Tj ET Q q 0 0 0 rg BT 125.38 353.05 Td (to ) Tj ET Q q 0 0 0 rg BT 135.46 353.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 168.31 353.05 Td (comprehensive, ) Tj ET Q q 0 0 0 rg BT 233.65 353.05 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.94 353.05 Td (based ) Tj ET Q q 0 0 0 rg BT 306.01 353.05 Td (solutions ) Tj ET Q q 0 0 0 rg BT 344.43 353.05 Td (that ) Tj ET Q q 0 0 0 rg BT 361.73 353.05 Td (simplify ) Tj ET Q q 0 0 0 rg BT 397.37 353.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 437.99 353.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 473.07 353.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 519.24 353.05 Td (processing ) Tj ET Q q 0 0 0 rg BT 564.51 353.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.05 Td (by ) Tj ET Q q 0 0 0 rg BT 62.78 341.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 98.87 341.05 Td (data ) Tj ET Q q 0 0 0 rg BT 118.30 341.05 Td (from ) Tj ET Q q 0 0 0 rg BT 140.52 341.05 Td (one ) Tj ET Q q 0 0 0 rg BT 157.73 341.05 Td (end ) Tj ET Q q 0 0 0 rg BT 174.95 341.05 Td (to ) Tj ET Q q 0 0 0 rg BT 185.51 341.05 Td (another ) Tj ET Q q 0 0 0 rg BT 218.27 341.05 Td (seamlessly) Tj ET Q q 0 0 0 rg BT 260.94 341.05 Td (. ) Tj ET Q q 0 0 0 rg BT 265.61 341.05 Td (Any ) Tj ET Q q 0 0 0 rg BT 285.61 341.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 332.27 341.05 Td (made ) Tj ET Q q 0 0 0 rg BT 356.70 341.05 Td (by ) Tj ET Q q 0 0 0 rg BT 369.48 341.05 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 391.14 341.05 Td (typically ) Tj ET Q q 0 0 0 rg BT 428.91 341.05 Td (will ) Tj ET Q q 0 0 0 rg BT 447.24 341.05 Td (fall ) Tj ET Q q 0 0 0 rg BT 463.34 341.05 Td (into ) Tj ET Q q 0 0 0 rg BT 481.68 341.05 Td (one ) Tj ET Q q 0 0 0 rg BT 498.89 341.05 Td (of ) Tj ET Q q 0 0 0 rg BT 510.00 341.05 Td (two ) Tj ET Q q 0 0 0 rg BT 527.78 341.05 Td (dif) Tj ET Q q 0 0 0 rg BT 538.71 341.05 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.05 Td (categories: ) Tj ET Q q 0 0 0 rg BT 96.53 329.05 Td (one, ) Tj ET Q q 0 0 0 rg BT 116.68 329.05 Td (wherein ) Tj ET Q q 0 0 0 rg BT 152.11 329.05 Td (the ) Tj ET Q q 0 0 0 rg BT 167.54 329.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 205.18 329.05 Td (company ) Tj ET Q q 0 0 0 rg BT 245.05 329.05 Td (has ) Tj ET Q q 0 0 0 rg BT 261.60 329.05 Td (products ) Tj ET Q q 0 0 0 rg BT 299.25 329.05 Td (and/or ) Tj ET Q q 0 0 0 rg BT 328.02 329.05 Td (services ) Tj ET Q q 0 0 0 rg BT 363.44 329.05 Td (that ) Tj ET Q q 0 0 0 rg BT 381.65 329.05 Td (are ) Tj ET Q q 0 0 0 rg BT 397.08 329.05 Td (competitive ) Tj ET Q q 0 0 0 rg BT 447.50 329.05 Td (to ) Tj ET Q q 0 0 0 rg BT 458.50 329.05 Td (our ) Tj ET Q q 0 0 0 rg BT 475.04 329.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 509.93 329.05 Td (products ) Tj ET Q q 0 0 0 rg BT 547.58 329.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.05 Td (services; ) Tj ET Q q 0 0 0 rg BT 87.80 317.05 Td (and ) Tj ET Q q 0 0 0 rg BT 105.05 317.05 Td (two, ) Tj ET Q q 0 0 0 rg BT 125.36 317.05 Td (wherein ) Tj ET Q q 0 0 0 rg BT 160.38 317.05 Td (the ) Tj ET Q q 0 0 0 rg BT 175.41 317.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 212.64 317.05 Td (company's ) Tj ET Q q 0 0 0 rg BT 257.80 317.05 Td (products ) Tj ET Q q 0 0 0 rg BT 295.05 317.05 Td (and ) Tj ET Q q 0 0 0 rg BT 312.30 317.05 Td (services ) Tj ET Q q 0 0 0 rg BT 347.32 317.05 Td (are ) Tj ET Q q 0 0 0 rg BT 362.34 317.05 Td (a ) Tj ET Q q 0 0 0 rg BT 369.59 317.05 Td (complement ) Tj ET Q q 0 0 0 rg BT 421.83 317.05 Td (to ) Tj ET Q q 0 0 0 rg BT 432.42 317.05 Td (and ) Tj ET Q q 0 0 0 rg BT 449.67 317.05 Td (an ) Tj ET Q q 0 0 0 rg BT 461.92 317.05 Td (extension ) Tj ET Q q 0 0 0 rg BT 503.05 317.05 Td (of ) Tj ET Q q 0 0 0 rg BT 514.20 317.05 Td (our ) Tj ET Q q 0 0 0 rg BT 530.34 317.05 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.05 Td (products ) Tj ET Q q 0 0 0 rg BT 86.94 305.05 Td (and ) Tj ET Q q 0 0 0 rg BT 103.88 305.05 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 281.05 Td (In ) Tj ET Q q 0 0 0 rg BT 97.09 281.05 Td (cases ) Tj ET Q q 0 0 0 rg BT 120.94 281.05 Td (where ) Tj ET Q q 0 0 0 rg BT 148.13 281.05 Td (an ) Tj ET Q q 0 0 0 rg BT 160.32 281.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 197.50 281.05 Td (company's ) Tj ET Q q 0 0 0 rg BT 242.61 281.05 Td (products ) Tj ET Q q 0 0 0 rg BT 279.80 281.05 Td (and ) Tj ET Q q 0 0 0 rg BT 297.00 281.05 Td (services ) Tj ET Q q 0 0 0 rg BT 331.96 281.05 Td (are ) Tj ET Q q 0 0 0 rg BT 346.92 281.05 Td (competitive ) Tj ET Q q 0 0 0 rg BT 396.89 281.05 Td (to ) Tj ET Q q 0 0 0 rg BT 407.42 281.05 Td (our ) Tj ET Q q 0 0 0 rg BT 423.51 281.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 457.93 281.05 Td (products ) Tj ET Q q 0 0 0 rg BT 495.12 281.05 Td (and ) Tj ET Q q 0 0 0 rg BT 512.32 281.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 549.78 281.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.85 269.05 Td (immediately ) Tj ET Q q 0 0 0 rg BT 144.80 269.05 Td (strives ) Tj ET Q q 0 0 0 rg BT 173.87 269.05 Td (towards ) Tj ET Q q 0 0 0 rg BT 208.50 269.05 Td (the ) Tj ET Q q 0 0 0 rg BT 223.68 269.05 Td (goal ) Tj ET Q q 0 0 0 rg BT 243.86 269.05 Td (of ) Tj ET Q q 0 0 0 rg BT 255.15 269.05 Td (providing ) Tj ET Q q 0 0 0 rg BT 297.00 269.05 Td (a ) Tj ET Q q 0 0 0 rg BT 304.40 269.05 Td (single ) Tj ET Q q 0 0 0 rg BT 331.25 269.05 Td (product ) Tj ET Q q 0 0 0 rg BT 364.77 269.05 Td (or ) Tj ET Q q 0 0 0 rg BT 376.06 269.05 Td (service ) Tj ET Q q 0 0 0 rg BT 407.34 269.05 Td (in ) Tj ET Q q 0 0 0 rg BT 418.08 269.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.26 269.05 Td (functional ) Tj ET Q q 0 0 0 rg BT 476.77 269.05 Td (area, ) Tj ET Q q 0 0 0 rg BT 498.88 269.05 Td (with ) Tj ET Q q 0 0 0 rg BT 519.62 269.05 Td (a ) Tj ET Q q 0 0 0 rg BT 527.02 269.05 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.05 Td (code ) Tj ET Q q 0 0 0 rg BT 70.57 257.05 Td (base ) Tj ET Q q 0 0 0 rg BT 90.03 257.05 Td (around ) Tj ET Q q 0 0 0 rg BT 119.49 257.05 Td (the ) Tj ET Q q 0 0 0 rg BT 133.40 257.05 Td (world ) Tj ET Q q 0 0 0 rg BT 158.43 257.05 Td (rather ) Tj ET Q q 0 0 0 rg BT 183.44 257.05 Td (than ) Tj ET Q q 0 0 0 rg BT 202.35 257.05 Td (having ) Tj ET Q q 0 0 0 rg BT 231.26 257.05 Td (multiple ) Tj ET Q q 0 0 0 rg BT 266.28 257.05 Td (products ) Tj ET Q q 0 0 0 rg BT 302.41 257.05 Td (addressing ) Tj ET Q q 0 0 0 rg BT 346.87 257.05 Td (the ) Tj ET Q q 0 0 0 rg BT 360.78 257.05 Td (same ) Tj ET Q q 0 0 0 rg BT 383.02 257.05 Td (need. ) Tj ET Q q 0 0 0 rg BT 406.09 257.05 Td (In ) Tj ET Q q 0 0 0 rg BT 416.12 257.05 Td (each ) Tj ET Q q 0 0 0 rg BT 436.13 257.05 Td (case, ) Tj ET Q q 0 0 0 rg BT 457.53 257.05 Td (the ) Tj ET Q q 0 0 0 rg BT 471.44 257.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.02 257.05 Td (immediately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.05 Td (works ) Tj ET Q q 0 0 0 rg BT 77.57 245.05 Td (towards ) Tj ET Q q 0 0 0 rg BT 112.36 245.05 Td (assimilating ) Tj ET Q q 0 0 0 rg BT 163.82 245.05 Td (the ) Tj ET Q q 0 0 0 rg BT 179.17 245.05 Td (best ) Tj ET Q q 0 0 0 rg BT 198.40 245.05 Td (of ) Tj ET Q q 0 0 0 rg BT 209.86 245.05 Td (breed ) Tj ET Q q 0 0 0 rg BT 235.20 245.05 Td (functionality ) Tj ET Q q 0 0 0 rg BT 289.43 245.05 Td (on ) Tj ET Q q 0 0 0 rg BT 302.55 245.05 Td (a ) Tj ET Q q 0 0 0 rg BT 310.12 245.05 Td (common ) Tj ET Q q 0 0 0 rg BT 348.25 245.05 Td (architecture ) Tj ET Q q 0 0 0 rg BT 398.56 245.05 Td (approach, ) Tj ET Q q 0 0 0 rg BT 440.84 245.05 Td (to ) Tj ET Q q 0 0 0 rg BT 451.74 245.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 485.42 245.05 Td (a ) Tj ET Q q 0 0 0 rg BT 492.99 245.05 Td (single ) Tj ET Q q 0 0 0 rg BT 520.00 245.05 Td (product ) Tj ET Q q 0 0 0 rg BT 553.68 245.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.05 Td (service ) Tj ET Q q 0 0 0 rg BT 80.16 233.05 Td (to ) Tj ET Q q 0 0 0 rg BT 89.79 233.05 Td (our ) Tj ET Q q 0 0 0 rg BT 104.97 233.05 Td (end ) Tj ET Q q 0 0 0 rg BT 121.25 233.05 Td (customers. ) Tj ET Q q 0 0 0 rg BT 166.01 233.05 Td (The ) Tj ET Q q 0 0 0 rg BT 183.41 233.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 229.83 233.05 Td (goal ) Tj ET Q q 0 0 0 rg BT 248.90 233.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 282.40 233.05 Td (to ) Tj ET Q q 0 0 0 rg BT 292.02 233.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 324.42 233.05 Td (an ) Tj ET Q q 0 0 0 rg BT 335.70 233.05 Td (easy ) Tj ET Q q 0 0 0 rg BT 355.32 233.05 Td (to ) Tj ET Q q 0 0 0 rg BT 364.95 233.05 Td (use ) Tj ET Q q 0 0 0 rg BT 380.12 233.05 Td (solution ) Tj ET Q q 0 0 0 rg BT 414.20 233.05 Td (for ) Tj ET Q q 0 0 0 rg BT 427.70 233.05 Td (our ) Tj ET Q q 0 0 0 rg BT 442.88 233.05 Td (customer ) Tj ET Q q 0 0 0 rg BT 481.38 233.05 Td (base, ) Tj ET Q q 0 0 0 rg BT 503.50 233.05 Td (while ) Tj ET Q q 0 0 0 rg BT 527.56 233.05 Td (ensuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.05 Td (that ) Tj ET Q q 0 0 0 rg BT 66.87 221.05 Td (any ) Tj ET Q q 0 0 0 rg BT 83.19 221.05 Td (product ) Tj ET Q q 0 0 0 rg BT 115.61 221.05 Td (or ) Tj ET Q q 0 0 0 rg BT 125.82 221.05 Td (service ) Tj ET Q q 0 0 0 rg BT 156.01 221.05 Td (integrates ) Tj ET Q q 0 0 0 rg BT 196.76 221.05 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 241.96 221.05 Td (with ) Tj ET Q q 0 0 0 rg BT 261.61 221.05 Td (other ) Tj ET Q q 0 0 0 rg BT 284.04 221.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 317.58 221.05 Td (or ) Tj ET Q q 0 0 0 rg BT 327.78 221.05 Td (outside ) Tj ET Q q 0 0 0 rg BT 358.55 221.05 Td (functionalities. ) Tj ET Q q 0 0 0 rg BT 420.13 221.05 Td (Irrespective ) Tj ET Q q 0 0 0 rg BT 469.20 221.05 Td (of ) Tj ET Q q 0 0 0 rg BT 479.41 221.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 513.49 221.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.58 221.05 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.05 Td (company's ) Tj ET Q q 0 0 0 rg BT 94.51 209.05 Td (product/service ) Tj ET Q q 0 0 0 rg BT 158.30 209.05 Td (is ) Tj ET Q q 0 0 0 rg BT 167.13 209.05 Td (retired ) Tj ET Q q 0 0 0 rg BT 195.38 209.05 Td (or ) Tj ET Q q 0 0 0 rg BT 205.87 209.05 Td (the ) Tj ET Q q 0 0 0 rg BT 220.24 209.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 254.07 209.05 Td (product/service ) Tj ET Q q 0 0 0 rg BT 317.86 209.05 Td (is ) Tj ET Q q 0 0 0 rg BT 326.69 209.05 Td (retired, ) Tj ET Q q 0 0 0 rg BT 357.44 209.05 Td (the ) Tj ET Q q 0 0 0 rg BT 371.82 209.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.86 209.05 Td (is ) Tj ET Q q 0 0 0 rg BT 421.69 209.05 Td (focused ) Tj ET Q q 0 0 0 rg BT 454.94 209.05 Td (on ) Tj ET Q q 0 0 0 rg BT 467.10 209.05 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 517.03 209.05 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 197.05 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 91.58 197.05 Td (for ) Tj ET Q q 0 0 0 rg BT 105.03 197.05 Td (our ) Tj ET Q q 0 0 0 rg BT 120.16 197.05 Td (business ) Tj ET Q q 0 0 0 rg BT 155.84 197.05 Td (while ) Tj ET Q q 0 0 0 rg BT 179.85 197.05 Td (creating ) Tj ET Q q 0 0 0 rg BT 213.84 197.05 Td (new ) Tj ET Q q 0 0 0 rg BT 232.29 197.05 Td (cutting ) Tj ET Q q 0 0 0 rg BT 261.86 197.05 Td (edge ) Tj ET Q q 0 0 0 rg BT 282.53 197.05 Td (products ) Tj ET Q q 0 0 0 rg BT 318.76 197.05 Td (and ) Tj ET Q q 0 0 0 rg BT 334.99 197.05 Td (services ) Tj ET Q q 0 0 0 rg BT 368.99 197.05 Td (that ) Tj ET Q q 0 0 0 rg BT 385.78 197.05 Td (can ) Tj ET Q q 0 0 0 rg BT 401.45 197.05 Td (replace ) Tj ET Q q 0 0 0 rg BT 432.10 197.05 Td (both ) Tj ET Q q 0 0 0 rg BT 451.67 197.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 485.13 197.05 Td (or ) Tj ET Q q 0 0 0 rg BT 495.25 197.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 531.46 197.05 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.05 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 185.05 Td (service ) Tj ET Q q 0 0 0 rg BT 91.65 185.05 Td (of) Tj ET Q q 0 0 0 rg BT 99.79 185.05 Td (ferings ) Tj ET Q q 0 0 0 rg BT 130.06 185.05 Td (in ) Tj ET Q q 0 0 0 rg BT 140.34 185.05 Td (order ) Tj ET Q q 0 0 0 rg BT 163.94 185.05 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 185.05 Td (make ) Tj ET Q q 0 0 0 rg BT 198.37 185.05 Td (future ) Tj ET Q q 0 0 0 rg BT 224.75 185.05 Td (product ) Tj ET Q q 0 0 0 rg BT 257.80 185.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 279.74 185.05 Td (and ) Tj ET Q q 0 0 0 rg BT 296.67 185.05 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 349.70 185.05 Td (more ) Tj ET Q q 0 0 0 rg BT 372.75 185.05 Td (ef) Tj ET Q q 0 0 0 rg BT 380.34 185.05 Td (ficient. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 161.05 Td (Once ) Tj ET Q q 0 0 0 rg BT 109.51 161.05 Td (an ) Tj ET Q q 0 0 0 rg BT 121.36 161.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 167.65 161.05 Td (is ) Tj ET Q q 0 0 0 rg BT 176.73 161.05 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 237.19 161.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.81 161.05 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 310.59 161.05 Td (personnel ) Tj ET Q q 0 0 0 rg BT 351.88 161.05 Td (resources, ) Tj ET Q q 0 0 0 rg BT 394.55 161.05 Td (sales, ) Tj ET Q q 0 0 0 rg BT 418.90 161.05 Td (product ) Tj ET Q q 0 0 0 rg BT 451.85 161.05 Td (management, ) Tj ET Q q 0 0 0 rg BT 507.85 161.05 Td (development, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 149.05 Td (other ) Tj ET Q q 0 0 0 rg BT 88.47 149.05 Td (common ) Tj ET Q q 0 0 0 rg BT 125.20 149.05 Td (functions ) Tj ET Q q 0 0 0 rg BT 164.16 149.05 Td (are ) Tj ET Q q 0 0 0 rg BT 178.11 149.05 Td (integrated ) Tj ET Q q 0 0 0 rg BT 219.83 149.05 Td (with ) Tj ET Q q 0 0 0 rg BT 239.35 149.05 Td (our ) Tj ET Q q 0 0 0 rg BT 254.42 149.05 Td (existing ) Tj ET Q q 0 0 0 rg BT 287.82 149.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.22 149.05 Td (to ) Tj ET Q q 0 0 0 rg BT 340.74 149.05 Td (ensure ) Tj ET Q q 0 0 0 rg BT 368.58 149.05 Td (that ) Tj ET Q q 0 0 0 rg BT 385.31 149.05 Td (ef) Tj ET Q q 0 0 0 rg BT 392.90 149.05 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 432.95 149.05 Td (are ) Tj ET Q q 0 0 0 rg BT 446.90 149.05 Td (maximized ) Tj ET Q q 0 0 0 rg BT 493.07 149.05 Td (and ) Tj ET Q q 0 0 0 rg BT 509.25 149.05 Td (redundancies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.05 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 97.31 137.05 Td (W) Tj ET Q q 0 0 0 rg BT 105.95 137.05 Td (e ) Tj ET Q q 0 0 0 rg BT 113.19 137.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.20 137.05 Td (do ) Tj ET Q q 0 0 0 rg BT 166.01 137.05 Td (not ) Tj ET Q q 0 0 0 rg BT 181.59 137.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 219.39 137.05 Td (separate ) Tj ET Q q 0 0 0 rg BT 254.95 137.05 Td (sales, ) Tj ET Q q 0 0 0 rg BT 279.70 137.05 Td (development, ) Tj ET Q q 0 0 0 rg BT 336.65 137.05 Td (product ) Tj ET Q q 0 0 0 rg BT 370.01 137.05 Td (management, ) Tj ET Q q 0 0 0 rg BT 426.40 137.05 Td (implementation ) Tj ET Q q 0 0 0 rg BT 491.97 137.05 Td (or ) Tj ET Q q 0 0 0 rg BT 503.11 137.05 Td (quality ) Tj ET Q q 0 0 0 rg BT 533.69 137.05 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.05 Td (functions ) Tj ET Q q 0 0 0 rg BT 88.59 125.05 Td (post-closing ) Tj ET Q q 0 0 0 rg BT 138.85 125.05 Td (so ) Tj ET Q q 0 0 0 rg BT 149.11 125.05 Td (as ) Tj ET Q q 0 0 0 rg BT 158.81 125.05 Td (to ) Tj ET Q q 0 0 0 rg BT 167.96 125.05 Td (ensure ) Tj ET Q q 0 0 0 rg BT 195.43 125.05 Td (that ) Tj ET Q q 0 0 0 rg BT 211.79 125.05 Td (the ) Tj ET Q q 0 0 0 rg BT 225.38 125.05 Td (integration ) Tj ET Q q 0 0 0 rg BT 270.07 125.05 Td (is ) Tj ET Q q 0 0 0 rg BT 278.12 125.05 Td (ef) Tj ET Q q 0 0 0 rg BT 285.70 125.05 Td (ficient ) Tj ET Q q 0 0 0 rg BT 312.62 125.05 Td (across ) Tj ET Q q 0 0 0 rg BT 338.98 125.05 Td (all ) Tj ET Q q 0 0 0 rg BT 350.34 125.05 Td (fronts. ) Tj ET Q q 0 0 0 rg BT 377.45 125.05 Td (The ) Tj ET Q q 0 0 0 rg BT 394.36 125.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 434.62 125.05 Td (integrates ) Tj ET Q q 0 0 0 rg BT 474.86 125.05 Td (and ) Tj ET Q q 0 0 0 rg BT 490.67 125.05 Td (where ) Tj ET Q q 0 0 0 rg BT 516.47 125.05 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.05 Td (centralizes ) Tj ET Q q 0 0 0 rg BT 94.93 113.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 124.32 113.05 Td (key ) Tj ET Q q 0 0 0 rg BT 140.94 113.05 Td (functions ) Tj ET Q q 0 0 0 rg BT 180.34 113.05 Td (such ) Tj ET Q q 0 0 0 rg BT 200.85 113.05 Td (as ) Tj ET Q q 0 0 0 rg BT 211.36 113.05 Td (product ) Tj ET Q q 0 0 0 rg BT 244.09 113.05 Td (development, ) Tj ET Q q 0 0 0 rg BT 300.42 113.05 Td (information ) Tj ET Q q 0 0 0 rg BT 349.82 113.05 Td (technology) Tj ET Q q 0 0 0 rg BT 393.60 113.05 Td (, ) Tj ET Q q 0 0 0 rg BT 398.29 113.05 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 443.51 113.05 Td (sales, ) Tj ET Q q 0 0 0 rg BT 467.63 113.05 Td (finance, ) Tj ET Q q 0 0 0 rg BT 501.74 113.05 Td (administration, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.05 Td (and ) Tj ET Q q 0 0 0 rg BT 67.66 101.05 Td (quality ) Tj ET Q q 0 0 0 rg BT 98.66 101.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 140.75 101.05 Td (immediately ) Tj ET Q q 0 0 0 rg BT 193.96 101.05 Td (after ) Tj ET Q q 0 0 0 rg BT 215.51 101.05 Td (an ) Tj ET Q q 0 0 0 rg BT 228.17 101.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 277.78 101.05 Td (to ) Tj ET Q q 0 0 0 rg BT 288.78 101.05 Td (ensure ) Tj ET Q q 0 0 0 rg BT 318.10 101.05 Td (that ) Tj ET Q q 0 0 0 rg BT 336.32 101.05 Td (the ) Tj ET Q q 0 0 0 rg BT 351.77 101.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.88 101.05 Td (can ) Tj ET Q q 0 0 0 rg BT 410.98 101.05 Td (maximize ) Tj ET Q q 0 0 0 rg BT 453.63 101.05 Td (on ) Tj ET Q q 0 0 0 rg BT 466.86 101.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 486.19 101.05 Td (ef) Tj ET Q q 0 0 0 rg BT 493.78 101.05 Td (ficiencies. ) Tj ET Q q 0 0 0 rg BT 537.58 101.05 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.05 Td (doing ) Tj ET Q q 0 0 0 rg BT 74.33 89.05 Td (so, ) Tj ET Q q 0 0 0 rg BT 87.28 89.05 Td (the ) Tj ET Q q 0 0 0 rg BT 101.06 89.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 147.19 89.05 Td (resources ) Tj ET Q q 0 0 0 rg BT 186.51 89.05 Td (and ) Tj ET Q q 0 0 0 rg BT 202.50 89.05 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 257.92 89.05 Td (are ) Tj ET Q q 0 0 0 rg BT 271.69 89.05 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 312.11 89.05 Td (to ) Tj ET Q q 0 0 0 rg BT 321.44 89.05 Td (work ) Tj ET Q q 0 0 0 rg BT 343.55 89.05 Td (across ) Tj ET Q q 0 0 0 rg BT 370.10 89.05 Td (multiple ) Tj ET Q q 0 0 0 rg BT 404.98 89.05 Td (functions, ) Tj ET Q q 0 0 0 rg BT 446.26 89.05 Td (products ) Tj ET Q q 0 0 0 rg BT 482.25 89.05 Td (and ) Tj ET Q q 0 0 0 rg BT 498.25 89.05 Td (services ) Tj ET Q q 0 0 0 rg BT 532.01 89.05 Td (making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.05 Td (it ) Tj ET Q q 0 0 0 rg BT 56.94 77.05 Td (neither ) Tj ET Q q 0 0 0 rg BT 86.09 77.05 Td (practical ) Tj ET Q q 0 0 0 rg BT 121.90 77.05 Td (nor ) Tj ET Q q 0 0 0 rg BT 136.62 77.05 Td (feasible ) Tj ET Q q 0 0 0 rg BT 169.10 77.05 Td (to ) Tj ET Q q 0 0 0 rg BT 178.26 77.05 Td (precisely ) Tj ET Q q 0 0 0 rg BT 215.74 77.05 Td (separately ) Tj ET Q q 0 0 0 rg BT 257.66 77.05 Td (track ) Tj ET Q q 0 0 0 rg BT 279.03 77.05 Td (and ) Tj ET Q q 0 0 0 rg BT 294.86 77.05 Td (disclose ) Tj ET Q q 0 0 0 rg BT 328.46 77.05 Td (the ) Tj ET Q q 0 0 0 rg BT 342.07 77.05 Td (specific ) Tj ET Q q 0 0 0 rg BT 374.55 77.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 409.81 77.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.41 77.05 Td (from ) Tj ET Q q 0 0 0 rg BT 459.23 77.05 Td (the ) Tj ET Q q 0 0 0 rg BT 472.84 77.05 Td (business ) Tj ET Q q 0 0 0 rg BT 508.12 77.05 Td (combinations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.05 Td (we ) Tj ET Q q 0 0 0 rg BT 65.23 65.05 Td (have ) Tj ET Q q 0 0 0 rg BT 87.67 65.05 Td (executed ) Tj ET Q q 0 0 0 rg BT 126.77 65.05 Td (after ) Tj ET Q q 0 0 0 rg BT 148.65 65.05 Td (they ) Tj ET Q q 0 0 0 rg BT 169.44 65.05 Td (have ) Tj ET Q q 0 0 0 rg BT 191.88 65.05 Td (been ) Tj ET Q q 0 0 0 rg BT 214.32 65.05 Td (acquired.Consequently ) Tj ET Q q 0 0 0 rg BT 312.31 65.05 Td (the ) Tj ET Q q 0 0 0 rg BT 328.09 65.05 Td (concept ) Tj ET Q q 0 0 0 rg BT 362.75 65.05 Td (of ) Tj ET Q q 0 0 0 rg BT 374.65 65.05 Td (acquisitive ) Tj ET Q q 0 0 0 rg BT 425.98 65.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 462.31 65.05 Td (versus ) Tj ET Q q 0 0 0 rg BT 491.43 65.05 Td (or) Tj ET Q q 0 0 0 rg BT 504.02 65.05 Td (ganic ) Tj ET Q q 0 0 0 rg BT 529.24 65.05 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.05 Td (becomes ) Tj ET Q q 0 0 0 rg BT 88.12 53.05 Td (rather ) Tj ET Q q 0 0 0 rg BT 114.57 53.05 Td (obscure ) Tj ET Q q 0 0 0 rg BT 148.80 53.05 Td (given ) Tj ET Q q 0 0 0 rg BT 174.15 53.05 Td (the ) Tj ET Q q 0 0 0 rg BT 189.50 53.05 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 230.96 53.05 Td (and ) Tj ET Q q 0 0 0 rg BT 248.53 53.05 Td (underlying ) Tj ET Q q 0 0 0 rg BT 294.99 53.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.89 53.05 Td (principals ) Tj ET Q q 0 0 0 rg BT 378.46 53.05 Td (of ) Tj ET Q q 0 0 0 rg BT 389.92 53.05 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 417.63 53.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 467.15 53.05 Td (integration, ) Tj ET Q q 0 0 0 rg BT 516.10 53.05 Td (and ) Tj ET Q q 0 0 0 rg BT 533.68 53.05 Td (growth ) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 81.01 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 85.93 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 106.33 742.10 Td (tactic ) Tj ET Q q 0 0 0 rg BT 130.60 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.88 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.94 742.10 Td (key ) Tj ET Q q 0 0 0 rg BT 164.00 742.10 Td (part ) Tj ET Q q 0 0 0 rg BT 182.16 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.11 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.05 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 245.56 742.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 279.84 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.45 742.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 338.93 742.10 Td (high ) Tj ET Q q 0 0 0 rg BT 359.33 742.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 385.27 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.22 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 403.81 742.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 435.36 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 440.48 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.86 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 512.91 742.10 Td (mar) Tj ET Q q 0 0 0 rg BT 528.27 742.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 92.87 730.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 139.06 730.10 Td (vision ) Tj ET Q q 0 0 0 rg BT 166.38 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.92 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.12 730.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 236.39 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.70 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 264.63 730.10 Td (ferentiates ) Tj ET Q q 0 0 0 rg BT 309.15 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.24 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.00 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.31 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.52 730.10 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 457.11 730.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 475.53 730.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.63 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.17 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.82 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 540.35 730.10 Td (niche ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 100.80 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.60 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.85 718.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 170.69 718.10 Td (e-learning, ) Tj ET Q q 0 0 0 rg BT 216.75 718.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 260.85 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.32 718.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 310.77 718.10 Td (sector) Tj ET Q q 0 0 0 rg BT 334.25 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.77 718.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 377.78 718.10 Td (them ) Tj ET Q q 0 0 0 rg BT 400.80 718.10 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 447.15 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 465.73 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.98 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.89 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.36 718.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (them ) Tj ET Q q 0 0 0 rg BT 72.14 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 79.73 706.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 107.41 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 119.56 706.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 177.25 706.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 203.97 706.10 Td (standardized ) Tj ET Q q 0 0 0 rg BT 256.65 706.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 299.61 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 319.53 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.89 706.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 353.25 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.73 706.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 406.96 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 446.87 706.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 475.12 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.70 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.62 706.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 535.98 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 694.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td (In ) Tj ET Q q 0 0 0 rg BT 98.76 670.10 Td (many ) Tj ET Q q 0 0 0 rg BT 125.42 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.18 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.83 670.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 207.04 670.10 Td (made ) Tj ET Q q 0 0 0 rg BT 233.13 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 247.56 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.21 670.10 Td (Company) Tj ET Q q 0 0 0 rg BT 302.45 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.38 670.10 Td (there ) Tj ET Q q 0 0 0 rg BT 333.80 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.44 670.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 397.09 670.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 455.40 670.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 482.05 670.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 527.57 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 670.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 103.37 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.55 658.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 144.59 658.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 190.20 658.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 224.69 658.10 Td (tar) Tj ET Q q 0 0 0 rg BT 235.06 658.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 254.01 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.51 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.57 658.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 320.84 658.10 Td (Company) Tj ET Q q 0 0 0 rg BT 359.08 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.22 658.10 Td (This ) Tj ET Q q 0 0 0 rg BT 384.84 658.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 422.67 658.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 451.62 658.10 Td (us ) Tj ET Q q 0 0 0 rg BT 463.36 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.98 658.10 Td (still ) Tj ET Q q 0 0 0 rg BT 491.83 658.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 515.21 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 528.06 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 548.68 658.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 96.03 646.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 127.04 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.25 646.10 Td (while ) Tj ET Q q 0 0 0 rg BT 157.18 646.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 194.33 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.26 646.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 246.39 646.10 Td (company ) Tj ET Q q 0 0 0 rg BT 285.76 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.25 646.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.40 646.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 341.10 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.48 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.63 646.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 396.98 646.10 Td (based ) Tj ET Q q 0 0 0 rg BT 422.47 646.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 467.39 646.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 505.64 646.10 Td (consideration. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 102.33 634.10 Td (we ) Tj ET Q q 0 0 0 rg BT 116.33 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.88 634.10 Td (able ) Tj ET Q q 0 0 0 rg BT 149.88 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.00 634.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 201.78 634.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 249.10 634.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 300.33 634.10 Td (while ) Tj ET Q q 0 0 0 rg BT 324.89 634.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 362.23 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.79 634.10 Td (principals ) Tj ET Q q 0 0 0 rg BT 418.56 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.24 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.80 634.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 480.57 634.10 Td (company ) Tj ET Q q 0 0 0 rg BT 519.57 634.10 Td (access ) Tj ET Q q 0 0 0 rg BT 547.45 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.57 634.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.25 622.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 129.42 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.58 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.52 622.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 195.23 622.10 Td (reward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.56 598.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 150.16 598.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 195.50 598.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 235.28 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.51 598.10 Td (tar) Tj ET Q q 0 0 0 rg BT 259.87 598.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 283.55 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 292.78 598.10 Td (improving ) Tj ET Q q 0 0 0 rg BT 336.47 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.70 598.10 Td (ef) Tj ET Q q 0 0 0 rg BT 358.29 598.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 392.51 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.86 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.21 598.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 456.61 598.10 Td (centralizing ) Tj ET Q q 0 0 0 rg BT 505.83 598.10 Td (key ) Tj ET Q q 0 0 0 rg BT 522.29 598.10 Td (functions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 93.21 586.10 Td (better ) Tj ET Q q 0 0 0 rg BT 118.08 586.10 Td (control ) Tj ET Q q 0 0 0 rg BT 148.52 586.10 Td (over ) Tj ET Q q 0 0 0 rg BT 168.40 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.84 586.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 230.11 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.66 586.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 287.66 586.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 329.76 586.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 376.31 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.86 586.10 Td (product ) Tj ET Q q 0 0 0 rg BT 425.52 586.10 Td (vision ) Tj ET Q q 0 0 0 rg BT 452.08 586.10 Td (across ) Tj ET Q q 0 0 0 rg BT 479.18 586.10 Td (all ) Tj ET Q q 0 0 0 rg BT 491.29 586.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 533.12 586.10 Td (entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.27 574.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 106.83 574.10 Td (This ) Tj ET Q q 0 0 0 rg BT 127.43 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.93 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.20 574.10 Td (key ) Tj ET Q q 0 0 0 rg BT 161.46 574.10 Td (part ) Tj ET Q q 0 0 0 rg BT 179.83 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.99 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.15 574.10 Td (business ) Tj ET Q q 0 0 0 rg BT 243.87 574.10 Td (philosophy ) Tj ET Q q 0 0 0 rg BT 291.14 574.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 329.52 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.12 574.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 369.04 574.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 390.76 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.36 574.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 433.61 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 443.66 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.92 574.10 Td (high ) Tj ET Q q 0 0 0 rg BT 471.53 574.10 Td (level ) Tj ET Q q 0 0 0 rg BT 493.79 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.95 574.10 Td (ef) Tj ET Q q 0 0 0 rg BT 512.54 574.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 547.56 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 87.48 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.41 562.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 136.91 562.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 182.72 562.10 Td (vision ) Tj ET Q q 0 0 0 rg BT 209.67 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.83 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.55 562.10 Td (industry) Tj ET Q q 0 0 0 rg BT 270.68 562.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.93 538.10 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 122.74 538.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 161.38 538.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 516.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 516.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.75 516.10 Td (November ) Tj ET Q q 0 0 0 rg BT 171.25 516.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 182.04 516.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 205.33 516.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 227.50 516.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 264.98 516.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 292.15 516.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 331.55 516.10 Td (em ) Tj ET Q q 0 0 0 rg BT 346.81 516.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.22 516.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 399.39 516.10 Td (SA) Tj ET Q q 0 0 0 rg BT 411.62 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.91 516.10 Td (\("Wdev"\), ) Tj ET Q q 0 0 0 rg BT 459.40 516.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.13 516.10 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 507.07 516.10 Td (company ) Tj ET Q q 0 0 0 rg BT 547.01 516.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.82 504.10 Td (IT) Tj ET Q q 0 0 0 rg BT 96.08 504.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.46 504.10 Td (services ) Tj ET Q q 0 0 0 rg BT 133.05 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.87 504.10 Td (software ) Tj ET Q q 0 0 0 rg BT 186.68 504.10 Td (development ) Tj ET Q q 0 0 0 rg BT 240.71 504.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.75 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.35 504.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 292.31 504.10 Td (American ) Tj ET Q q 0 0 0 rg BT 334.12 504.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 374.81 504.10 Td (industry) Tj ET Q q 0 0 0 rg BT 406.94 504.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.83 504.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 433.09 504.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 469.90 504.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.11 504.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 498.37 504.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.41 504.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 544.23 504.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.46 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.83 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.64 492.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 164.22 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.14 492.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 200.23 492.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 234.22 492.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 253.48 492.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 288.85 492.10 Td (future ) Tj ET Q q 0 0 0 rg BT 315.31 492.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 360.11 492.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 379.91 492.10 Td (out ) Tj ET Q q 0 0 0 rg BT 395.28 492.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 436.20 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.12 492.10 Td (up ) Tj ET Q q 0 0 0 rg BT 459.71 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.08 492.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 495.17 492.10 Td (million ) Tj ET Q q 0 0 0 rg BT 526.65 492.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 492.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 79.03 480.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.95 480.10 Td (over ) Tj ET Q q 0 0 0 rg BT 137.10 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 480.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 198.52 480.10 Td (thirty-eight ) Tj ET Q q 0 0 0 rg BT 245.89 480.10 Td (month ) Tj ET Q q 0 0 0 rg BT 273.83 480.10 Td (period ) Tj ET Q q 0 0 0 rg BT 301.76 480.10 Td (following ) Tj ET Q q 0 0 0 rg BT 343.03 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.63 480.10 Td (ef) Tj ET Q q 0 0 0 rg BT 365.22 480.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 394.80 480.10 Td (date ) Tj ET Q q 0 0 0 rg BT 413.84 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.56 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.16 480.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 487.92 480.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 507.80 480.10 Td (million ) Tj ET Q q 0 0 0 rg BT 539.08 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 480.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 81.69 468.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.72 468.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 157.85 468.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.77 468.10 Td (being ) Tj ET Q q 0 0 0 rg BT 191.25 468.10 Td (held ) Tj ET Q q 0 0 0 rg BT 210.72 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.75 468.10 Td (an ) Tj ET Q q 0 0 0 rg BT 232.45 468.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 263.02 468.10 Td (account ) Tj ET Q q 0 0 0 rg BT 296.37 468.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.29 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.76 468.10 Td (thirty-eight ) Tj ET Q q 0 0 0 rg BT 372.01 468.10 Td (month ) Tj ET Q q 0 0 0 rg BT 399.82 468.10 Td (period ) Tj ET Q q 0 0 0 rg BT 427.62 468.10 Td (following ) Tj ET Q q 0 0 0 rg BT 468.76 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 468.10 Td (ef) Tj ET Q q 0 0 0 rg BT 490.83 468.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 520.28 468.10 Td (date ) Tj ET Q q 0 0 0 rg BT 539.19 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 468.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.44 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.77 456.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 132.42 456.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.97 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 456.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.73 456.10 Td (business ) Tj ET Q q 0 0 0 rg BT 234.17 456.10 Td (achieves ) Tj ET Q q 0 0 0 rg BT 270.15 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.92 456.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 324.37 456.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 362.02 456.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 390.23 456.10 Td (net ) Tj ET Q q 0 0 0 rg BT 404.00 456.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 437.20 456.10 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 478.47 456.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.47 456.10 Td (if ) Tj ET Q q 0 0 0 rg BT 512.13 456.10 Td (not ) Tj ET Q q 0 0 0 rg BT 526.46 456.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.63 444.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.92 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.78 444.10 Td (said ) Tj ET Q q 0 0 0 rg BT 123.96 444.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 149.26 444.10 Td (being ) Tj ET Q q 0 0 0 rg BT 174.55 444.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 210.94 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.79 444.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 246.03 444.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.66 444.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 304.94 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.46 444.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 361.07 444.10 Td (price ) Tj ET Q q 0 0 0 rg BT 384.13 444.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 426.63 444.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.37 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.44 444.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 483.39 444.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 530.35 444.10 Td (remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 99.15 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.09 432.10 Td (will ) Tj ET Q q 0 0 0 rg BT 134.15 432.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.08 432.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 183.56 432.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.39 432.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 215.79 432.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.62 432.10 Td (practicable ) Tj ET Q q 0 0 0 rg BT 272.97 432.10 Td (but ) Tj ET Q q 0 0 0 rg BT 288.25 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.53 432.10 Td (no ) Tj ET Q q 0 0 0 rg BT 311.03 432.10 Td (event ) Tj ET Q q 0 0 0 rg BT 335.19 432.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 363.23 432.10 Td (than ) Tj ET Q q 0 0 0 rg BT 382.95 432.10 Td (one ) Tj ET Q q 0 0 0 rg BT 399.89 432.10 Td (year) Tj ET Q q 0 0 0 rg BT 416.54 432.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 410.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.36 410.10 Td (November ) Tj ET Q q 0 0 0 rg BT 168.47 410.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 177.88 410.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 199.78 410.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 220.57 410.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.90 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.02 410.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 296.25 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.48 410.10 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 335.33 410.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 355.00 410.10 Td (d.b.a ) Tj ET Q q 0 0 0 rg BT 376.34 410.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 399.91 410.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 428.47 410.10 Td (\("Hope"\), ) Tj ET Q q 0 0 0 rg BT 469.35 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.70 410.10 Td (Michigan ) Tj ET Q q 0 0 0 rg BT 515.92 410.10 Td (corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 398.10 Td (publisher ) Tj ET Q q 0 0 0 rg BT 107.37 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.55 398.10 Td (health ) Tj ET Q q 0 0 0 rg BT 145.84 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.13 398.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 200.43 398.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 246.06 398.10 Td (education ) Tj ET Q q 0 0 0 rg BT 287.79 398.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 327.58 398.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 349.32 398.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 386.60 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.67 398.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 427.86 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.15 398.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 492.43 398.10 Td (property ) Tj ET Q q 0 0 0 rg BT 529.16 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.35 398.10 Td (Hope ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.01 386.10 Td ($1.72 ) Tj ET Q q 0 0 0 rg BT 88.87 386.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 122.44 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.34 386.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 179.90 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.69 386.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 234.58 386.10 Td (price ) Tj ET Q q 0 0 0 rg BT 256.92 386.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 298.70 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.72 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.28 386.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 351.30 386.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 397.53 386.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 431.54 386.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 480.54 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.33 386.10 Td (will ) Tj ET Q q 0 0 0 rg BT 515.24 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.03 386.10 Td (finalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.94 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.22 374.10 Td (June ) Tj ET Q q 0 0 0 rg BT 103.05 374.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 118.05 374.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 352.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 352.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 126.05 352.10 Td (July ) Tj ET Q q 0 0 0 rg BT 146.31 352.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 157.40 352.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 180.99 352.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 203.47 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 352.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 242.31 352.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 272.01 352.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 311.14 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.16 352.10 Td (Call ) Tj ET Q q 0 0 0 rg BT 339.42 352.10 Td (Notice ) Tj ET Q q 0 0 0 rg BT 369.67 352.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 417.40 352.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 455.42 352.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 477.89 352.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 522.02 352.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.98 340.10 Td (units ) Tj ET Q q 0 0 0 rg BT 108.42 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.19 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.40 340.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 179.93 340.10 Td (JV) Tj ET Q q 0 0 0 rg BT 190.86 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.85 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 214.28 340.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 233.49 340.10 Td (constituting ) Tj ET Q q 0 0 0 rg BT 282.70 340.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 310.79 340.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 342.20 340.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 350.16 340.10 Td (1%\) ) Tj ET Q q 0 0 0 rg BT 368.81 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.13 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.33 340.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 440.87 340.10 Td (JV) Tj ET Q q 0 0 0 rg BT 451.80 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.79 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.44 340.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 486.93 340.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.81 340.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.57 340.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 83.41 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.94 328.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 113.59 328.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 145.90 328.10 Td (an ) Tj ET Q q 0 0 0 rg BT 157.09 328.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 197.71 328.10 Td (fifty-one ) Tj ET Q q 0 0 0 rg BT 234.45 328.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 265.63 328.10 Td (\(51%\) ) Tj ET Q q 0 0 0 rg BT 292.38 328.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 338.01 328.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 364.76 328.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 395.95 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.49 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.46 328.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 466.76 328.10 Td (JV) Tj ET Q q 0 0 0 rg BT 476.58 328.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.83 328.10 Td (Previously) Tj ET Q q 0 0 0 rg BT 522.96 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.22 328.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 328.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (September ) Tj ET Q q 0 0 0 rg BT 95.27 316.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.28 316.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 127.78 316.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 149.18 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.12 316.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 224.15 316.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 263.33 316.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 314.16 316.10 Td (\("IHC"\), ) Tj ET Q q 0 0 0 rg BT 351.21 316.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 382.59 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.54 316.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 410.38 316.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 442.87 316.10 Td (named ) Tj ET Q q 0 0 0 rg BT 472.03 316.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 493.43 316.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 522.59 316.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 91.63 304.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 112.97 304.10 Td (\("EbixHealth ) Tj ET Q q 0 0 0 rg BT 168.38 304.10 Td (JV"\). ) Tj ET Q q 0 0 0 rg BT 191.87 304.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 213.21 304.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 232.88 304.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 252.84 304.10 Td (million ) Tj ET Q q 0 0 0 rg BT 284.19 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.09 304.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 349.09 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.98 304.10 Td (license ) Tj ET Q q 0 0 0 rg BT 386.20 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.44 304.10 Td (use ) Tj ET Q q 0 0 0 rg BT 412.23 304.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 441.89 304.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 476.56 304.10 Td (software ) Tj ET Q q 0 0 0 rg BT 513.45 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.34 304.10 Td (systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 79.03 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.41 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.01 292.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 153.93 292.10 Td (JV) Tj ET Q q 0 0 0 rg BT 164.86 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.24 292.10 Td (at ) Tj ET Q q 0 0 0 rg BT 176.84 292.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 196.72 292.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 230.49 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.53 292.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.36 292.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 282.07 292.10 Td (40% ) Tj ET Q q 0 0 0 rg BT 302.78 292.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 354.59 292.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.40 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.56 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.16 292.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 459.08 292.10 Td (JV) Tj ET Q q 0 0 0 rg BT 468.90 292.10 Td (. ) Tj ET Q q 0 0 0 rg BT 473.78 292.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 493.38 292.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 541.30 292.10 Td (all ) Tj ET Q q 0 0 0 rg BT 553.68 292.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.11 280.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 89.77 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.21 280.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.32 280.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 146.65 280.10 Td (third ) Tj ET Q q 0 0 0 rg BT 168.20 280.10 Td (party ) Tj ET Q q 0 0 0 rg BT 191.41 280.10 Td (administrator ) Tj ET Q q 0 0 0 rg BT 247.39 280.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.71 280.10 Td (\(IHC ) Tj ET Q q 0 0 0 rg BT 314.93 280.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 344.25 280.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 387.20 280.10 Td (Inc.\), ) Tj ET Q q 0 0 0 rg BT 410.96 280.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 440.28 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.94 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.82 280.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 516.03 280.10 Td (JV) Tj ET Q q 0 0 0 rg BT 526.96 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.62 280.10 Td (at ) Tj ET Q q 0 0 0 rg BT 539.50 280.10 Td ($12.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.24 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.25 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 107.05 268.10 Td (60% ) Tj ET Q q 0 0 0 rg BT 127.72 268.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 179.51 268.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 211.29 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.42 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.98 268.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 283.87 268.10 Td (JV) Tj ET Q q 0 0 0 rg BT 293.70 268.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.38 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 316.27 268.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 355.83 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.62 268.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 410.50 268.10 Td (price ) Tj ET Q q 0 0 0 rg BT 432.84 268.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 474.62 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 488.62 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.19 268.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 551.08 268.10 Td (JV) Tj ET Q q 0 0 0 rg BT 562.01 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.38 256.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 130.54 256.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 179.69 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.63 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 214.68 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 226.62 256.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 264.10 256.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 286.04 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.32 256.10 Td (June ) Tj ET Q q 0 0 0 rg BT 317.15 256.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 332.15 256.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 234.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.48 234.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.29 234.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 180.65 234.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 194.81 234.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 232.58 234.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 249.78 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.15 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.08 234.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 282.24 234.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 317.51 234.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 347.76 234.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 381.35 234.10 Td (\(together ) Tj ET Q q 0 0 0 rg BT 419.38 234.10 Td (being ) Tj ET Q q 0 0 0 rg BT 443.53 234.10 Td ("PB ) Tj ET Q q 0 0 0 rg BT 461.77 234.10 Td (Systems"\), ) Tj ET Q q 0 0 0 rg BT 506.95 234.10 Td (ef) Tj ET Q q 0 0 0 rg BT 514.54 234.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 543.67 234.10 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.48 222.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 85.96 222.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 101.17 222.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 137.50 222.10 Td (develops ) Tj ET Q q 0 0 0 rg BT 176.02 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.44 222.10 Td (implements ) Tj ET Q q 0 0 0 rg BT 243.08 222.10 Td (software ) Tj ET Q q 0 0 0 rg BT 280.49 222.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 319.59 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.23 222.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 375.53 222.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 407.11 222.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 428.98 222.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 466.39 222.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 481.60 222.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 517.92 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.56 222.10 Td (upfront ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.22 210.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 126.55 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.78 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.45 210.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 183.89 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.68 210.10 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 219.63 210.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 253.47 210.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 272.60 210.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 307.83 210.10 Td (future ) Tj ET Q q 0 0 0 rg BT 334.16 210.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 378.82 210.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 398.48 210.10 Td (out ) Tj ET Q q 0 0 0 rg BT 413.71 210.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 454.49 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.27 210.10 Td (up ) Tj ET Q q 0 0 0 rg BT 477.73 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.96 210.10 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 507.91 210.10 Td (million ) Tj ET Q q 0 0 0 rg BT 539.25 210.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 198.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 91.65 198.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.68 198.10 Td (over ) Tj ET Q q 0 0 0 rg BT 149.95 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.67 198.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 211.61 198.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 261.31 198.10 Td (month ) Tj ET Q q 0 0 0 rg BT 289.37 198.10 Td (period ) Tj ET Q q 0 0 0 rg BT 317.42 198.10 Td (following ) Tj ET Q q 0 0 0 rg BT 358.80 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.52 198.10 Td (ef) Tj ET Q q 0 0 0 rg BT 381.11 198.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 410.81 198.10 Td (date ) Tj ET Q q 0 0 0 rg BT 429.97 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.80 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.51 198.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.49 176.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.33 176.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 183.48 176.10 Td (V) Tj ET Q q 0 0 0 rg BT 190.11 176.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 200.27 176.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 228.76 176.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 258.37 176.10 Td (Communications ) Tj ET Q q 0 0 0 rg BT 329.64 176.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 360.91 176.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 395.52 176.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 409.55 176.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 419.72 176.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 448.21 176.10 Td (Health"\), ) Tj ET Q q 0 0 0 rg BT 487.73 176.10 Td (ef) Tj ET Q q 0 0 0 rg BT 495.31 176.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 525.46 176.10 Td (March ) Tj ET Q q 0 0 0 rg BT 554.51 176.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.69 164.10 Td (V) Tj ET Q q 0 0 0 rg BT 81.32 164.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 90.90 164.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 118.81 164.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 147.83 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.87 164.10 Td (one ) Tj ET Q q 0 0 0 rg BT 173.67 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 164.10 Td (India) Tj ET Q q 0 0 0 rg BT 207.69 164.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.95 164.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 245.75 164.10 Td (health ) Tj ET Q q 0 0 0 rg BT 272.55 164.10 Td (content ) Tj ET Q q 0 0 0 rg BT 304.35 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.15 164.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 385.73 164.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 433.35 164.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 454.61 164.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 491.23 164.10 Td (V) Tj ET Q q 0 0 0 rg BT 497.85 164.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 507.43 164.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 535.34 164.10 Td (Health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.38 152.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 96.54 152.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.03 152.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 173.62 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.12 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.05 152.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.77 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.82 152.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 263.04 152.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 297.15 152.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 316.54 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.70 152.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 359.19 152.10 Td (future ) Tj ET Q q 0 0 0 rg BT 385.79 152.10 Td (one ) Tj ET Q q 0 0 0 rg BT 402.95 152.10 Td (time ) Tj ET Q q 0 0 0 rg BT 423.44 152.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 468.37 152.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 488.30 152.10 Td (out ) Tj ET Q q 0 0 0 rg BT 503.80 152.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 540.95 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.00 152.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.44 140.10 Td ($372 ) Tj ET Q q 0 0 0 rg BT 81.09 140.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 118.86 140.10 Td (based ) Tj ET Q q 0 0 0 rg BT 143.29 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.94 140.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 183.25 140.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 220.44 140.10 Td (over ) Tj ET Q q 0 0 0 rg BT 239.87 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.74 140.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 299.84 140.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 328.15 140.10 Td (month ) Tj ET Q q 0 0 0 rg BT 355.37 140.10 Td (period ) Tj ET Q q 0 0 0 rg BT 382.57 140.10 Td (following ) Tj ET Q q 0 0 0 rg BT 423.12 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.99 140.10 Td (ef) Tj ET Q q 0 0 0 rg BT 444.58 140.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 473.44 140.10 Td (date ) Tj ET Q q 0 0 0 rg BT 491.75 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.74 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.61 140.10 Td (acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.09 128.10 Td (an ) Tj ET Q q 0 0 0 rg BT 79.18 128.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.82 128.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 157.25 128.10 Td (one ) Tj ET Q q 0 0 0 rg BT 174.34 128.10 Td (time ) Tj ET Q q 0 0 0 rg BT 194.76 128.10 Td (future ) Tj ET Q q 0 0 0 rg BT 221.29 128.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 274.46 128.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 301.00 128.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 345.31 128.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.96 128.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 402.25 128.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 433.23 128.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 467.53 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.95 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.82 128.10 Td (business ) Tj ET Q q 0 0 0 rg BT 529.36 128.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.78 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 96.94 116.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 146.65 116.10 Td (month ) Tj ET Q q 0 0 0 rg BT 174.70 116.10 Td (period ) Tj ET Q q 0 0 0 rg BT 202.75 116.10 Td (following ) Tj ET Q q 0 0 0 rg BT 244.14 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.85 116.10 Td (ef) Tj ET Q q 0 0 0 rg BT 266.44 116.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 296.14 116.10 Td (date ) Tj ET Q q 0 0 0 rg BT 315.30 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.13 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.84 116.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 94.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.07 94.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.76 94.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 178.86 94.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 201.47 94.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 222.96 94.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 259.99 94.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 300.37 94.10 Td (Publishing, ) Tj ET Q q 0 0 0 rg BT 348.26 94.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 369.76 94.10 Td (\("Oakstone"\) ) Tj ET Q q 0 0 0 rg BT 424.96 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.34 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.38 94.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 494.42 94.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 526.46 94.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.39 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.79 82.10 Td (total ) Tj ET Q q 0 0 0 rg BT 129.31 82.10 Td (net ) Tj ET Q q 0 0 0 rg BT 144.27 82.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.79 82.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 221.41 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.93 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.89 82.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.85 82.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 294.59 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.67 82.10 Td ($23.7 ) Tj ET Q q 0 0 0 rg BT 330.92 82.10 Td (million ) Tj ET Q q 0 0 0 rg BT 362.55 82.10 Td (\($31.37 ) Tj ET Q q 0 0 0 rg BT 396.13 82.10 Td (million ) Tj ET Q q 0 0 0 rg BT 427.77 82.10 Td (less ) Tj ET Q q 0 0 0 rg BT 445.51 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.70 82.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 484.33 82.10 Td (net ) Tj ET Q q 0 0 0 rg BT 499.29 82.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.37 82.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 95.91 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.27 70.10 Td ($7.65 ) Tj ET Q q 0 0 0 rg BT 130.80 70.10 Td (million\). ) Tj ET Q q 0 0 0 rg BT 167.55 70.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 207.35 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 216.05 70.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 247.52 70.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 283.42 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.79 70.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 338.59 70.10 Td (education, ) Tj ET Q q 0 0 0 rg BT 381.99 70.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 432.33 70.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 471.01 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.70 70.10 Td (physicians, ) Tj ET Q q 0 0 0 rg BT 531.45 70.10 Td (dentists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 58.10 Td (allied ) Tj ET Q q 0 0 0 rg BT 90.96 58.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 134.20 58.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 191.63 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.11 58.10 Td (well ) Tj ET Q q 0 0 0 rg BT 221.49 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.98 58.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 268.57 58.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 308.49 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.30 58.10 Td (various ) Tj ET Q q 0 0 0 rg BT 353.90 58.10 Td (or) Tj ET Q q 0 0 0 rg BT 362.05 58.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 412.25 58.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 452.17 58.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.88 58.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 522.03 58.10 Td (integrated ) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.81 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.29 742.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 128.62 742.10 Td (A.D.A.M. ) Tj ET Q q 0 0 0 rg BT 171.44 742.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 200.35 742.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 250.37 742.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 292.05 742.10 Td (Division. ) Tj ET Q q 0 0 0 rg BT 331.25 742.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 352.39 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 389.07 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 401.32 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.38 742.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 478.07 742.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 513.65 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 742.10 Td (Oakstone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 97.21 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.92 730.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 149.96 730.10 Td (using ) Tj ET Q q 0 0 0 rg BT 174.13 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.07 730.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 199.13 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.96 730.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 243.00 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.27 730.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 298.53 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.46 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.18 730.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 352.12 730.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 377.38 730.10 Td (line ) Tj ET Q q 0 0 0 rg BT 394.88 730.10 Td (available ) Tj ET Q q 0 0 0 rg BT 433.47 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.75 730.10 Td (Ebix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 708.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.62 708.10 Td (December ) Tj ET Q q 0 0 0 rg BT 144.10 708.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 153.99 708.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 176.39 708.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 197.67 708.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 234.49 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.10 708.10 Td (DCM ) Tj ET Q q 0 0 0 rg BT 274.28 708.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 302.22 708.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 319.89 708.10 Td (\(d.b.a. ) Tj ET Q q 0 0 0 rg BT 347.55 708.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 357.72 708.10 Td (Software\) ) Tj ET Q q 0 0 0 rg BT 399.55 708.10 Td (\("i3"\) ) Tj ET Q q 0 0 0 rg BT 424.54 708.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.72 708.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.55 708.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 468.39 708.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 506.32 708.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 550.35 708.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (total ) Tj ET Q q 0 0 0 rg BT 69.58 696.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.16 696.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 144.84 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.42 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.45 696.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 200.25 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.39 696.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 222.20 696.10 Td (million ) Tj ET Q q 0 0 0 rg BT 252.90 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.15 696.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.39 696.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 309.98 696.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 354.00 696.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 385.79 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.93 696.10 Td (up ) Tj ET Q q 0 0 0 rg BT 407.74 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.55 696.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.13 696.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 430.94 696.10 Td (million ) Tj ET Q q 0 0 0 rg BT 461.64 696.10 Td (based ) Tj ET Q q 0 0 0 rg BT 486.22 696.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.03 696.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 526.48 696.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (over ) Tj ET Q q 0 0 0 rg BT 71.05 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.56 684.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 134.28 684.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 184.77 684.10 Td (month ) Tj ET Q q 0 0 0 rg BT 213.61 684.10 Td (period ) Tj ET Q q 0 0 0 rg BT 242.45 684.10 Td (following ) Tj ET Q q 0 0 0 rg BT 284.62 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.12 684.10 Td (date ) Tj ET Q q 0 0 0 rg BT 320.06 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.67 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.18 684.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 396.84 684.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 407.91 684.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.86 684.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.59 684.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 462.75 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.36 684.10 Td (software ) Tj ET Q q 0 0 0 rg BT 512.08 684.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.57 684.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.62 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.90 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.61 672.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 154.43 672.10 Td (industry) Tj ET Q q 0 0 0 rg BT 186.56 672.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.56 672.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 212.94 672.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 249.87 672.10 Td (all ) Tj ET Q q 0 0 0 rg BT 262.36 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.19 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.91 672.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.74 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.57 672.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 334.85 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.79 672.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 382.06 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.77 672.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 434.81 672.10 Td (using ) Tj ET Q q 0 0 0 rg BT 458.98 672.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 492.02 672.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 512.29 672.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 648.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 648.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.49 648.10 Td (October ) Tj ET Q q 0 0 0 rg BT 160.72 648.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 171.25 648.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 194.28 648.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 216.19 648.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 253.42 648.10 Td (V) Tj ET Q q 0 0 0 rg BT 259.54 648.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 285.05 648.10 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 339.16 648.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 352.69 648.10 Td (ertex"\) ) Tj ET Q q 0 0 0 rg BT 383.11 648.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.92 648.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.38 648.10 Td (share ) Tj ET Q q 0 0 0 rg BT 425.51 648.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 464.07 648.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 508.74 648.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.43 648.10 Td (total ) Tj ET Q q 0 0 0 rg BT 544.23 648.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.74 636.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 143.82 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.80 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.22 636.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 200.42 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.95 636.10 Td ($27.25 ) Tj ET Q q 0 0 0 rg BT 240.65 636.10 Td (million ) Tj ET Q q 0 0 0 rg BT 271.75 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.39 636.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.03 636.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 330.02 636.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 374.43 636.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 406.62 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.15 636.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 429.36 636.10 Td (million ) Tj ET Q q 0 0 0 rg BT 460.45 636.10 Td (based ) Tj ET Q q 0 0 0 rg BT 485.43 636.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.63 636.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 526.48 636.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.10 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.66 624.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 131.43 624.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 180.98 624.10 Td (month ) Tj ET Q q 0 0 0 rg BT 208.87 624.10 Td (period ) Tj ET Q q 0 0 0 rg BT 236.75 624.10 Td (following ) Tj ET Q q 0 0 0 rg BT 277.98 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.53 624.10 Td (date ) Tj ET Q q 0 0 0 rg BT 311.52 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.19 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.74 624.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 385.29 624.10 Td (V) Tj ET Q q 0 0 0 rg BT 391.40 624.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 413.73 624.10 Td (is ) Tj ET Q q 0 0 0 rg BT 422.73 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.51 624.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 476.26 624.10 Td (software ) Tj ET Q q 0 0 0 rg BT 513.03 624.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 624.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 69.94 612.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 103.75 612.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 143.68 612.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.40 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.34 612.10 Td (life ) Tj ET Q q 0 0 0 rg BT 187.38 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.54 612.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 237.25 612.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 278.29 612.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 329.86 612.10 Td (since ) Tj ET Q q 0 0 0 rg BT 353.13 612.10 Td (1991. ) Tj ET Q q 0 0 0 rg BT 378.35 612.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 405.65 612.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 425.58 612.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.08 612.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.25 612.10 Td (business ) Tj ET Q q 0 0 0 rg BT 499.86 612.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 546.46 612.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.99 600.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 97.21 600.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.86 600.10 Td (non-aligned ) Tj ET Q q 0 0 0 rg BT 153.84 600.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 198.82 600.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 234.91 600.10 Td (management ) Tj ET Q q 0 0 0 rg BT 288.22 600.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 332.10 600.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 365.95 600.10 Td (tar) Tj ET Q q 0 0 0 rg BT 376.32 600.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 400.19 600.10 Td (at ) Tj ET Q q 0 0 0 rg BT 409.62 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.06 600.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 467.09 600.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 510.38 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.04 600.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 93.15 588.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 113.80 588.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 149.99 588.10 Td (all ) Tj ET Q q 0 0 0 rg BT 161.74 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.84 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.82 588.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 234.24 588.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 262.66 588.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 285.53 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.49 588.10 Td (V) Tj ET Q q 0 0 0 rg BT 301.61 588.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 323.35 588.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.56 588.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 369.09 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.07 588.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 420.37 588.10 Td (using ) Tj ET Q q 0 0 0 rg BT 443.80 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.00 588.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 467.32 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.41 588.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 509.72 588.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 529.25 588.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 576.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 103.59 576.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 128.86 576.10 Td (line ) Tj ET Q q 0 0 0 rg BT 146.35 576.10 Td (available ) Tj ET Q q 0 0 0 rg BT 184.94 576.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.22 576.10 Td (Ebix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 552.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.98 552.10 Td (May ) Tj ET Q q 0 0 0 rg BT 122.06 552.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 137.32 552.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 160.07 552.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 181.72 552.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 218.89 552.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 267.18 552.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 295.48 552.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 326.56 552.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 360.98 552.10 Td (\("HealthCare ) Tj ET Q q 0 0 0 rg BT 416.68 552.10 Td (Magic"\), ) Tj ET Q q 0 0 0 rg BT 454.89 552.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.09 552.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 496.49 552.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 533.69 552.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.33 540.10 Td (an ) Tj ET Q q 0 0 0 rg BT 80.32 540.10 Td (online ) Tj ET Q q 0 0 0 rg BT 106.87 540.10 Td (network ) Tj ET Q q 0 0 0 rg BT 141.19 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.07 540.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 210.38 540.10 Td (15,000 ) Tj ET Q q 0 0 0 rg BT 239.43 540.10 Td (General ) Tj ET Q q 0 0 0 rg BT 272.63 540.10 Td (Physicians ) Tj ET Q q 0 0 0 rg BT 316.96 540.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.95 540.10 Td (Sur) Tj ET Q q 0 0 0 rg BT 346.66 540.10 Td (geons ) Tj ET Q q 0 0 0 rg BT 371.54 540.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 399.19 540.10 Td (across ) Tj ET Q q 0 0 0 rg BT 425.73 540.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 437.29 540.10 Td (specialties ) Tj ET Q q 0 0 0 rg BT 480.49 540.10 Td (including ) Tj ET Q q 0 0 0 rg BT 519.81 540.10 Td (alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (medicine. ) Tj ET Q q 0 0 0 rg BT 90.81 528.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.15 528.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.83 528.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 185.05 528.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 232.38 528.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 259.72 528.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.17 528.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 313.83 528.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.39 528.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 389.05 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.63 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.64 528.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.43 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.55 528.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 473.84 528.10 Td (million ) Tj ET Q q 0 0 0 rg BT 504.53 528.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 522.99 528.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.22 528.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.52 516.10 Td (one ) Tj ET Q q 0 0 0 rg BT 93.60 516.10 Td (time ) Tj ET Q q 0 0 0 rg BT 114.02 516.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 158.87 516.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 178.72 516.10 Td (out ) Tj ET Q q 0 0 0 rg BT 194.14 516.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 231.22 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.19 516.10 Td (up ) Tj ET Q q 0 0 0 rg BT 254.84 516.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.26 516.10 Td ($12.36 ) Tj ET Q q 0 0 0 rg BT 295.40 516.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.94 516.10 Td (based ) Tj ET Q q 0 0 0 rg BT 352.35 516.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.99 516.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 394.28 516.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.46 516.10 Td (over ) Tj ET Q q 0 0 0 rg BT 452.87 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.73 516.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 514.81 516.10 Td (twenty-four ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (month ) Tj ET Q q 0 0 0 rg BT 77.12 504.10 Td (period ) Tj ET Q q 0 0 0 rg BT 104.24 504.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.69 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.47 504.10 Td (ef) Tj ET Q q 0 0 0 rg BT 166.06 504.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.83 504.10 Td (date ) Tj ET Q q 0 0 0 rg BT 213.05 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.95 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.73 504.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 284.57 504.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.68 504.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.13 504.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 371.47 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.25 504.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 432.35 504.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 459.46 504.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 504.91 504.10 Td (from ) Tj ET Q q 0 0 0 rg BT 525.92 504.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 492.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 105.53 492.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.03 492.10 Td (hand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 470.10 Td (On ) Tj ET Q q 0 0 0 rg BT 102.36 470.10 Td (January ) Tj ET Q q 0 0 0 rg BT 137.60 470.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 154.24 470.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 178.38 470.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 201.41 470.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 239.98 470.10 Td (CurePet, ) Tj ET Q q 0 0 0 rg BT 278.84 470.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 298.25 470.10 Td (\("CurePet"\). ) Tj ET Q q 0 0 0 rg BT 351.93 470.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 388.29 470.10 Td (was ) Tj ET Q q 0 0 0 rg BT 407.98 470.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.56 470.10 Td (developmental-stage ) Tj ET Q q 0 0 0 rg BT 503.44 470.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 547.01 470.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 94.43 458.10 Td (an ) Tj ET Q q 0 0 0 rg BT 107.20 458.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 148.84 458.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 189.93 458.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.25 458.10 Td (connects ) Tj ET Q q 0 0 0 rg BT 246.57 458.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 262.12 458.10 Td (owners, ) Tj ET Q q 0 0 0 rg BT 296.83 458.10 Td (referring ) Tj ET Q q 0 0 0 rg BT 335.14 458.10 Td (veterinarians, ) Tj ET Q q 0 0 0 rg BT 392.61 458.10 Td (animal ) Tj ET Q q 0 0 0 rg BT 423.16 458.10 Td (hospitals, ) Tj ET Q q 0 0 0 rg BT 464.54 458.10 Td (academic ) Tj ET Q q 0 0 0 rg BT 505.62 458.10 Td (institutes, ) Tj ET Q q 0 0 0 rg BT 547.57 458.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 87.90 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.02 446.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 131.46 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.69 446.10 Td (general ) Tj ET Q q 0 0 0 rg BT 178.90 446.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 192.91 446.10 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 229.97 446.10 Td (while ) Tj ET Q q 0 0 0 rg BT 253.98 446.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 294.66 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.88 446.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 322.11 446.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 351.67 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.78 446.10 Td (services ) Tj ET Q q 0 0 0 rg BT 395.78 446.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.77 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.34 446.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 448.35 446.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 488.45 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.02 446.10 Td (each ) Tj ET Q q 0 0 0 rg BT 518.13 446.10 Td (constituent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.55 434.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 124.96 434.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 181.32 434.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 223.51 434.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 257.93 434.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 292.64 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.85 434.10 Td (billing. ) Tj ET Q q 0 0 0 rg BT 341.23 434.10 Td (Previously ) Tj ET Q q 0 0 0 rg BT 386.78 434.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 408.44 434.10 Td (had ) Tj ET Q q 0 0 0 rg BT 425.65 434.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.86 434.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 470.08 434.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 516.73 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.29 434.10 Td (CurePet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 70.94 422.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 107.41 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.67 422.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 146.48 422.10 Td (business ) Tj ET Q q 0 0 0 rg BT 182.42 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.80 422.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 227.07 422.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.89 422.10 Td (an ) Tj ET Q q 0 0 0 rg BT 248.38 422.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 269.87 422.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 307.45 422.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 351.14 422.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.97 422.10 Td (total ) Tj ET Q q 0 0 0 rg BT 390.79 422.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 428.38 422.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 484.30 422.10 Td (being ) Tj ET Q q 0 0 0 rg BT 508.56 422.10 Td ($6.35 ) Tj ET Q q 0 0 0 rg BT 533.11 422.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.28 410.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 113.45 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.73 410.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 156.35 410.10 Td (future ) Tj ET Q q 0 0 0 rg BT 183.07 410.10 Td (one ) Tj ET Q q 0 0 0 rg BT 200.36 410.10 Td (time ) Tj ET Q q 0 0 0 rg BT 220.97 410.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 266.03 410.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 298.86 410.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.13 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.31 410.10 Td (up ) Tj ET Q q 0 0 0 rg BT 360.15 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.77 410.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 391.11 410.10 Td (million ) Tj ET Q q 0 0 0 rg BT 422.85 410.10 Td (based ) Tj ET Q q 0 0 0 rg BT 448.46 410.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.30 410.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 490.79 410.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 529.17 410.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 410.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 96.45 398.10 Td (thirty-six ) Tj ET Q q 0 0 0 rg BT 135.13 398.10 Td (month ) Tj ET Q q 0 0 0 rg BT 162.70 398.10 Td (period ) Tj ET Q q 0 0 0 rg BT 190.26 398.10 Td (following ) Tj ET Q q 0 0 0 rg BT 231.16 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.39 398.10 Td (ef) Tj ET Q q 0 0 0 rg BT 252.98 398.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 282.19 398.10 Td (date ) Tj ET Q q 0 0 0 rg BT 300.86 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.20 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.43 398.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 373.39 398.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 418.17 398.10 Td (required ) Tj ET Q q 0 0 0 rg BT 453.50 398.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.28 398.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 529.17 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.51 398.10 Td ($1.35 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.66 386.10 Td (was ) Tj ET Q q 0 0 0 rg BT 99.98 386.10 Td (of) Tj ET Q q 0 0 0 rg BT 108.13 386.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 125.34 386.10 Td (against ) Tj ET Q q 0 0 0 rg BT 156.44 386.10 Td (open ) Tj ET Q q 0 0 0 rg BT 178.65 386.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 216.40 386.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 260.25 386.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 297.44 386.10 Td (due ) Tj ET Q q 0 0 0 rg BT 314.65 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.20 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.19 386.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.84 386.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.05 386.10 Td (CurePet, ) Tj ET Q q 0 0 0 rg BT 441.54 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.75 386.10 Td (no ) Tj ET Q q 0 0 0 rg BT 471.52 386.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 498.16 386.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 518.70 386.10 Td (outlay ) Tj ET Q q 0 0 0 rg BT 546.46 386.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (made ) Tj ET Q q 0 0 0 rg BT 74.16 374.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.66 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 374.10 Td (Company) Tj ET Q q 0 0 0 rg BT 139.61 374.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 338.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 109.79 338.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 158.23 338.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.16 338.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 53.10 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.21 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.31 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 62.42 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.52 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.63 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.73 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.84 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.94 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.04 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.15 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.25 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.36 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.46 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.57 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.67 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.78 314.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.21 314.10 Td (November ) Tj ET Q q 0 0 0 rg BT 159.52 314.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 182.63 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.95 314.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.94 314.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 284.69 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.24 314.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 346.44 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.87 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.42 314.10 Td (international ) Tj ET Q q 0 0 0 rg BT 424.06 314.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 468.82 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.71 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.03 314.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 547.57 314.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 107.36 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.06 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.87 302.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 155.02 302.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 184.05 302.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 224.51 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 229.38 302.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 250.64 302.10 Td (International ) Tj ET Q q 0 0 0 rg BT 304.10 302.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 343.14 302.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 379.67 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.48 302.10 Td (private ) Tj ET Q q 0 0 0 rg BT 416.61 302.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 447.31 302.10 Td (company ) Tj ET Q q 0 0 0 rg BT 486.34 302.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 539.24 302.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.48 290.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 83.08 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.68 290.10 Td (England, ) Tj ET Q q 0 0 0 rg BT 129.77 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.48 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.96 290.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 204.67 290.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 254.81 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.41 290.10 Td (all ) Tj ET Q q 0 0 0 rg BT 275.67 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.27 290.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 311.12 290.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 355.71 290.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 385.85 290.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 434.34 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.38 290.10 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 478.53 290.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 518.95 290.10 Td (Singapore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (India, ) Tj ET Q q 0 0 0 rg BT 75.55 278.10 Td (Dubai, ) Tj ET Q q 0 0 0 rg BT 104.99 278.10 Td (New ) Tj ET Q q 0 0 0 rg BT 126.37 278.10 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 163.57 278.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 186.62 278.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 226.04 278.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 261.03 278.10 Td (Mauritius, ) Tj ET Q q 0 0 0 rg BT 304.92 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.86 278.10 Td (New ) Tj ET Q q 0 0 0 rg BT 343.24 278.10 Td (Zealand ) Tj ET Q q 0 0 0 rg BT 377.94 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.22 278.10 Td (this ) Tj ET Q q 0 0 0 rg BT 405.17 278.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 432.10 278.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 463.48 278.10 Td (entity) Tj ET Q q 0 0 0 rg BT 485.61 278.10 Td (. ) Tj ET Q q 0 0 0 rg BT 490.61 278.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.11 278.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.00 278.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.50 278.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.50 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.50 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.50 266.10 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467.00 646.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 646.23 Td (265,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 646.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 646.23 Td (214,321) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 621.00 Td (Information ) Tj ET Q q 0 0 0 rg BT 148.97 621.00 Td (on ) Tj ET Q q 0 0 0 rg BT 161.18 621.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.61 621.00 Td (geographic ) Tj ET Q q 0 0 0 rg BT 222.24 621.00 Td (dispersion ) Tj ET Q q 0 0 0 rg BT 265.56 621.00 Td (of ) Tj ET Q q 0 0 0 rg BT 276.09 621.00 Td (the ) Tj ET Q q 0 0 0 rg BT 290.52 621.00 Td (Company) Tj ET Q q 0 0 0 rg BT 332.18 621.00 Td (s ) Tj ET Q q 0 0 0 rg BT 338.28 621.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 376.03 621.00 Td (and ) Tj ET Q q 0 0 0 rg BT 392.68 621.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 435.99 621.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 461.53 621.00 Td (is ) Tj ET Q q 0 0 0 rg BT 470.41 621.00 Td (furnished ) Tj ET Q q 0 0 0 rg BT 510.38 621.00 Td (in ) Tj ET Q q 0 0 0 rg BT 520.37 621.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 542.02 621.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 554.23 621.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.75 609.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 117.83 609.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.34 609.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 202.59 609.00 Td (included ) Tj ET Q q 0 0 0 rg BT 239.56 609.00 Td (in ) Tj ET Q q 0 0 0 rg BT 249.87 609.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 268.51 609.00 Td (II ) Tj ET Q q 0 0 0 rg BT 277.71 609.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 298.56 609.00 Td (8 ) Tj ET Q q 0 0 0 rg BT 306.10 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 316.96 609.00 Td (this ) Tj ET Q q 0 0 0 rg BT 333.95 609.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 358.15 609.00 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 383.74 609.00 Td (See ) Tj ET Q q 0 0 0 rg BT 400.71 609.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 421.57 609.00 Td (1A) Tj ET Q q 0 0 0 rg BT 433.24 609.00 Td ( ) Tj ET Q q 0 0 0 rg BT 435.77 609.00 Td (\(Risk ) Tj ET Q q 0 0 0 rg BT 459.98 609.00 Td (Factors\) ) Tj ET Q q 0 0 0 rg BT 495.28 609.00 Td (for ) Tj ET Q q 0 0 0 rg BT 509.47 609.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 553.68 609.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 597.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 101.09 597.00 Td (related ) Tj ET Q q 0 0 0 rg BT 130.80 597.00 Td (to ) Tj ET Q q 0 0 0 rg BT 141.07 597.00 Td (our ) Tj ET Q q 0 0 0 rg BT 156.90 597.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 188.28 597.00 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (Industry ) Tj ET Q q 0 0 0 rg BT 89.74 575.00 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 553.00 Td (The ) Tj ET Q q 0 0 0 rg BT 117.33 553.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 158.42 553.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.98 553.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 228.42 553.00 Td (have ) Tj ET Q q 0 0 0 rg BT 250.08 553.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 292.30 553.00 Td (to ) Tj ET Q q 0 0 0 rg BT 302.85 553.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 332.28 553.00 Td (paper) Tj ET Q q 0 0 0 rg BT 354.29 553.00 Td (-based ) Tj ET Q q 0 0 0 rg BT 383.17 553.00 Td (processes ) Tj ET Q q 0 0 0 rg BT 424.27 553.00 Td (and ) Tj ET Q q 0 0 0 rg BT 441.49 553.00 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 479.24 553.00 Td (improvements ) Tj ET Q q 0 0 0 rg BT 539.24 553.00 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 553.00 Td (the ) Tj ET Q q 0 0 0 rg BT 564.51 553.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.00 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 541.00 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 92.51 541.00 Td (both ) Tj ET Q q 0 0 0 rg BT 113.01 541.00 Td (at ) Tj ET Q q 0 0 0 rg BT 122.94 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.88 541.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 177.24 541.00 Td (side ) Tj ET Q q 0 0 0 rg BT 196.07 541.00 Td (and ) Tj ET Q q 0 0 0 rg BT 213.23 541.00 Td (also ) Tj ET Q q 0 0 0 rg BT 232.05 541.00 Td (at ) Tj ET Q q 0 0 0 rg BT 241.99 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.92 541.00 Td (consumer) Tj ET Q q 0 0 0 rg BT 295.60 541.00 Td (-end ) Tj ET Q q 0 0 0 rg BT 316.09 541.00 Td (side. ) Tj ET Q q 0 0 0 rg BT 337.42 541.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 360.13 541.00 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 416.73 541.00 Td (has ) Tj ET Q q 0 0 0 rg BT 432.78 541.00 Td (involved ) Tj ET Q q 0 0 0 rg BT 470.50 541.00 Td (both ) Tj ET Q q 0 0 0 rg BT 490.99 541.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 532.03 541.00 Td (carriers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 529.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 106.96 529.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 139.06 529.00 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 529.00 Td (is ) Tj ET Q q 0 0 0 rg BT 164.38 529.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 197.02 529.00 Td (impacting ) Tj ET Q q 0 0 0 rg BT 239.12 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.44 529.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 285.53 529.00 Td (in ) Tj ET Q q 0 0 0 rg BT 295.41 529.00 Td (which ) Tj ET Q q 0 0 0 rg BT 321.95 529.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 362.37 529.00 Td (products ) Tj ET Q q 0 0 0 rg BT 398.92 529.00 Td (are ) Tj ET Q q 0 0 0 rg BT 413.23 529.00 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 460.61 529.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 514.91 529.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 549.78 529.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.55 517.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 125.56 517.00 Td (will ) Tj ET Q q 0 0 0 rg BT 143.35 517.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 180.02 517.00 Td (to ) Tj ET Q q 0 0 0 rg BT 190.03 517.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 235.56 517.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 280.01 517.00 Td (change ) Tj ET Q q 0 0 0 rg BT 310.55 517.00 Td (and ) Tj ET Q q 0 0 0 rg BT 327.23 517.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 367.21 517.00 Td (ef) Tj ET Q q 0 0 0 rg BT 374.80 517.00 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 415.34 517.00 Td (through ) Tj ET Q q 0 0 0 rg BT 448.68 517.00 Td (online ) Tj ET Q q 0 0 0 rg BT 475.91 517.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 519.79 517.00 Td (as ) Tj ET Q q 0 0 0 rg BT 530.35 517.00 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.00 Td (paper) Tj ET Q q 0 0 0 rg BT 72.01 505.00 Td (-based ) Tj ET Q q 0 0 0 rg BT 100.61 505.00 Td (processes ) Tj ET Q q 0 0 0 rg BT 141.43 505.00 Td (are ) Tj ET Q q 0 0 0 rg BT 156.13 505.00 Td (becoming ) Tj ET Q q 0 0 0 rg BT 198.07 505.00 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 249.44 505.00 Td (a ) Tj ET Q q 0 0 0 rg BT 256.38 505.00 Td (norm ) Tj ET Q q 0 0 0 rg BT 279.99 505.00 Td (across ) Tj ET Q q 0 0 0 rg BT 307.48 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 322.19 505.00 Td (world ) Tj ET Q q 0 0 0 rg BT 348.02 505.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 388.84 505.00 Td (markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 483.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 483.00 Td (oducts ) Tj ET Q q 0 0 0 rg BT 90.65 483.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.27 483.00 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 461.00 Td (The ) Tj ET Q q 0 0 0 rg BT 117.93 461.00 Td (Company) Tj ET Q q 0 0 0 rg BT 159.59 461.00 Td (s ) Tj ET Q q 0 0 0 rg BT 166.87 461.00 Td (product ) Tj ET Q q 0 0 0 rg BT 200.80 461.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.62 461.00 Td (service ) Tj ET Q q 0 0 0 rg BT 250.32 461.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 285.36 461.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 310.40 461.00 Td (on: ) Tj ET Q q 0 0 0 rg BT 326.56 461.00 Td (\(a\)expansion ) Tj ET Q q 0 0 0 rg BT 384.09 461.00 Td (of ) Tj ET Q q 0 0 0 rg BT 395.80 461.00 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 448.61 461.00 Td (between ) Tj ET Q q 0 0 0 rg BT 485.31 461.00 Td (consumers, ) Tj ET Q q 0 0 0 rg BT 533.96 461.00 Td (agents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 86.65 449.00 Td (and ) Tj ET Q q 0 0 0 rg BT 105.27 449.00 Td (third ) Tj ET Q q 0 0 0 rg BT 128.33 449.00 Td (party ) Tj ET Q q 0 0 0 rg BT 153.06 449.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 195.00 449.00 Td (through ) Tj ET Q q 0 0 0 rg BT 230.29 449.00 Td (its ) Tj ET Q q 0 0 0 rg BT 243.92 449.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 287.52 449.00 Td (family ) Tj ET Q q 0 0 0 rg BT 317.80 449.00 Td (of ) Tj ET Q q 0 0 0 rg BT 330.31 449.00 Td (products ) Tj ET Q q 0 0 0 rg BT 368.92 449.00 Td (in ) Tj ET Q q 0 0 0 rg BT 380.88 449.00 Td (the ) Tj ET Q q 0 0 0 rg BT 397.27 449.00 Td (life, ) Tj ET Q q 0 0 0 rg BT 417.28 449.00 Td (health, ) Tj ET Q q 0 0 0 rg BT 448.39 449.00 Td (workers ) Tj ET Q q 0 0 0 rg BT 484.78 449.00 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 547.00 449.00 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 107.58 437.00 Td (annuity ) Tj ET Q q 0 0 0 rg BT 141.57 437.00 Td (and ) Tj ET Q q 0 0 0 rg BT 160.00 437.00 Td (property ) Tj ET Q q 0 0 0 rg BT 197.88 437.00 Td (and ) Tj ET Q q 0 0 0 rg BT 216.31 437.00 Td (casualty ) Tj ET Q q 0 0 0 rg BT 253.07 437.00 Td (\("P&C"\) ) Tj ET Q q 0 0 0 rg BT 291.89 437.00 Td (sectors ) Tj ET Q q 0 0 0 rg BT 323.66 437.00 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 370.42 437.00 Td (namely ) Tj ET Q q 0 0 0 rg BT 403.85 437.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.06 437.00 Td (EbixExchange ) Tj ET Q q 0 0 0 rg BT 482.36 437.00 Td (family ) Tj ET Q q 0 0 0 rg BT 512.46 437.00 Td (of ) Tj ET Q q 0 0 0 rg BT 524.79 437.00 Td (products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.00 Td (\(b\)worldwide ) Tj ET Q q 0 0 0 rg BT 108.99 425.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 130.48 425.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.98 425.00 Td (support ) Tj ET Q q 0 0 0 rg BT 179.04 425.00 Td (of ) Tj ET Q q 0 0 0 rg BT 189.43 425.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 211.49 425.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 250.20 425.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 290.57 425.00 Td (and ) Tj ET Q q 0 0 0 rg BT 307.07 425.00 Td (broker ) Tj ET Q q 0 0 0 rg BT 335.22 425.00 Td (management ) Tj ET Q q 0 0 0 rg BT 388.37 425.00 Td (systems; ) Tj ET Q q 0 0 0 rg BT 424.88 425.00 Td (\(c\)worldwide ) Tj ET Q q 0 0 0 rg BT 483.30 425.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 503.41 425.00 Td (customization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.00 Td (development, ) Tj ET Q q 0 0 0 rg BT 106.68 413.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 171.98 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 188.95 413.00 Td (support ) Tj ET Q q 0 0 0 rg BT 221.49 413.00 Td (of ) Tj ET Q q 0 0 0 rg BT 232.35 413.00 Td (its ) Tj ET Q q 0 0 0 rg BT 244.33 413.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 266.87 413.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 306.05 413.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 346.90 413.00 Td (carrier ) Tj ET Q q 0 0 0 rg BT 375.52 413.00 Td (system ) Tj ET Q q 0 0 0 rg BT 405.83 413.00 Td (platforms; ) Tj ET Q q 0 0 0 rg BT 449.47 413.00 Td (\(d\)risk ) Tj ET Q q 0 0 0 rg BT 481.16 413.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 529.78 413.00 Td (solution ) Tj ET Q q 0 0 0 rg BT 564.51 413.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.26 401.00 Td (which ) Tj ET Q q 0 0 0 rg BT 114.25 401.00 Td (include ) Tj ET Q q 0 0 0 rg BT 146.23 401.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 187.10 401.00 Td (certificate ) Tj ET Q q 0 0 0 rg BT 229.62 401.00 Td (origination, ) Tj ET Q q 0 0 0 rg BT 278.55 401.00 Td (certificate ) Tj ET Q q 0 0 0 rg BT 321.07 401.00 Td (tracking, ) Tj ET Q q 0 0 0 rg BT 358.88 401.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 387.54 401.00 Td (adjudication ) Tj ET Q q 0 0 0 rg BT 439.52 401.00 Td (call ) Tj ET Q q 0 0 0 rg BT 456.50 401.00 Td (center) Tj ET Q q 0 0 0 rg BT 480.52 401.00 Td (, ) Tj ET Q q 0 0 0 rg BT 485.58 401.00 Td (consulting ) Tj ET Q q 0 0 0 rg BT 529.79 401.00 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 389.00 Td (back ) Tj ET Q q 0 0 0 rg BT 88.32 389.00 Td (of) Tj ET Q q 0 0 0 rg BT 96.46 389.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 113.95 389.00 Td (support; ) Tj ET Q q 0 0 0 rg BT 149.23 389.00 Td (and ) Tj ET Q q 0 0 0 rg BT 166.17 389.00 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 179.77 389.00 Td (e-governance/e-learning ) Tj ET Q q 0 0 0 rg BT 279.43 389.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 318.05 389.00 Td (in ) Tj ET Q q 0 0 0 rg BT 328.33 389.00 Td (emer) Tj ET Q q 0 0 0 rg BT 348.13 389.00 Td (ging ) Tj ET Q q 0 0 0 rg BT 368.41 389.00 Td (world ) Tj ET Q q 0 0 0 rg BT 394.24 389.00 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 367.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 119.30 367.00 Td (also ) Tj ET Q q 0 0 0 rg BT 136.82 367.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 172.67 367.00 Td (software ) Tj ET Q q 0 0 0 rg BT 208.51 367.00 Td (development, ) Tj ET Q q 0 0 0 rg BT 264.07 367.00 Td (customization, ) Tj ET Q q 0 0 0 rg BT 324.08 367.00 Td (and ) Tj ET Q q 0 0 0 rg BT 339.93 367.00 Td (consulting ) Tj ET Q q 0 0 0 rg BT 383.00 367.00 Td (services ) Tj ET Q q 0 0 0 rg BT 416.62 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 425.81 367.00 Td (a ) Tj ET Q q 0 0 0 rg BT 431.66 367.00 Td (variety ) Tj ET Q q 0 0 0 rg BT 460.84 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 470.58 367.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 500.87 367.00 Td (in ) Tj ET Q q 0 0 0 rg BT 510.06 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 367.00 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td (industry) Tj ET Q q 0 0 0 rg BT 82.13 355.00 Td (, ) Tj ET Q q 0 0 0 rg BT 87.13 355.00 Td (including ) Tj ET Q q 0 0 0 rg BT 127.40 355.00 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 162.38 355.00 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 197.37 355.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 241.51 355.00 Td (and ) Tj ET Q q 0 0 0 rg BT 258.45 355.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 294.83 355.00 Td (making ) Tj ET Q q 0 0 0 rg BT 327.32 355.00 Td (bodies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 333.00 Td (Ebix) Tj ET Q q 0 0 0 rg BT 120.67 333.00 Td (s ) Tj ET Q q 0 0 0 rg BT 127.29 333.00 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 164.16 333.00 Td (at ) Tj ET Q q 0 0 0 rg BT 174.11 333.00 Td (present, ) Tj ET Q q 0 0 0 rg BT 208.21 333.00 Td (is ) Tj ET Q q 0 0 0 rg BT 217.61 333.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 259.21 333.00 Td (through ) Tj ET Q q 0 0 0 rg BT 293.04 333.00 Td (four ) Tj ET Q q 0 0 0 rg BT 312.43 333.00 Td (main ) Tj ET Q q 0 0 0 rg BT 335.16 333.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 372.87 333.00 Td (in ) Tj ET Q q 0 0 0 rg BT 383.38 333.00 Td (which ) Tj ET Q q 0 0 0 rg BT 410.55 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 425.49 333.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 467.11 333.00 Td (conducts ) Tj ET Q q 0 0 0 rg BT 505.39 333.00 Td (its ) Tj ET Q q 0 0 0 rg BT 517.56 333.00 Td (operations: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (Exchanges, ) Tj ET Q q 0 0 0 rg BT 98.67 321.00 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 129.84 321.00 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 168.53 321.00 Td (Broker ) Tj ET Q q 0 0 0 rg BT 199.16 321.00 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 237.85 321.00 Td (and ) Tj ET Q q 0 0 0 rg BT 255.14 321.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 276.34 321.00 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 327.51 321.00 Td (Solutions. ) Tj ET Q q 0 0 0 rg BT 370.45 321.00 Td (The ) Tj ET Q q 0 0 0 rg BT 388.85 321.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 423.35 321.00 Td (streams ) Tj ET Q q 0 0 0 rg BT 456.75 321.00 Td (for ) Tj ET Q q 0 0 0 rg BT 471.26 321.00 Td (each ) Tj ET Q q 0 0 0 rg BT 492.43 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 503.61 321.00 Td (these ) Tj ET Q q 0 0 0 rg BT 527.02 321.00 Td (channels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.00 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 309.00 Td (further ) Tj ET Q q 0 0 0 rg BT 94.41 309.00 Td (described ) Tj ET Q q 0 0 0 rg BT 135.23 309.00 Td (below ) Tj ET Q q 0 0 0 rg BT 162.17 309.00 Td (in ) Tj ET Q q 0 0 0 rg BT 172.45 309.00 Td (the ) Tj ET Q q 0 0 0 rg BT 187.16 309.00 Td (following ) Tj ET Q q 0 0 0 rg BT 228.55 309.00 Td (paragraphs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 287.00 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.56 287.00 Td (: ) Tj ET Q q 0 0 0 rg BT 149.90 287.00 Td (This ) Tj ET Q q 0 0 0 rg BT 170.44 287.00 Td (channel ) Tj ET Q q 0 0 0 rg BT 204.29 287.00 Td (forms ) Tj ET Q q 0 0 0 rg BT 230.38 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 245.36 287.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 279.78 287.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 304.20 287.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.29 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.26 287.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.91 287.00 Td (across ) Tj ET Q q 0 0 0 rg BT 399.66 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.64 287.00 Td (world. ) Tj ET Q q 0 0 0 rg BT 443.23 287.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 464.88 287.00 Td (operates ) Tj ET Q q 0 0 0 rg BT 500.95 287.00 Td (data ) Tj ET Q q 0 0 0 rg BT 520.37 287.00 Td (exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.00 Td (in ) Tj ET Q q 0 0 0 rg BT 59.22 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 72.88 275.00 Td (areas ) Tj ET Q q 0 0 0 rg BT 94.86 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.63 275.00 Td (life ) Tj ET Q q 0 0 0 rg BT 119.40 275.00 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 161.65 275.00 Td (annuities, ) Tj ET Q q 0 0 0 rg BT 201.70 275.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 242.01 275.00 Td (health ) Tj ET Q q 0 0 0 rg BT 267.89 275.00 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 303.49 275.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 319.93 275.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 374.96 275.00 Td (workers ) Tj ET Q q 0 0 0 rg BT 408.61 275.00 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 468.10 275.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 507.85 275.00 Td (underwriting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.00 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 263.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 89.64 263.00 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 133.05 263.00 Td (Each ) Tj ET Q q 0 0 0 rg BT 155.63 263.00 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 263.00 Td (these ) Tj ET Q q 0 0 0 rg BT 189.69 263.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 233.93 263.00 Td (connects ) Tj ET Q q 0 0 0 rg BT 271.51 263.00 Td (multiple ) Tj ET Q q 0 0 0 rg BT 307.44 263.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 338.91 263.00 Td (within ) Tj ET Q q 0 0 0 rg BT 367.06 263.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.87 263.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 422.78 263.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 457.03 263.00 Td (enabling ) Tj ET Q q 0 0 0 rg BT 494.06 263.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.87 263.00 Td (participant ) Tj ET Q q 0 0 0 rg BT 554.22 263.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.00 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 96.93 251.00 Td (and ) Tj ET Q q 0 0 0 rg BT 114.98 251.00 Td (ef) Tj ET Q q 0 0 0 rg BT 122.57 251.00 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 159.50 251.00 Td (carry ) Tj ET Q q 0 0 0 rg BT 183.64 251.00 Td (and ) Tj ET Q q 0 0 0 rg BT 201.69 251.00 Td (process ) Tj ET Q q 0 0 0 rg BT 235.29 251.00 Td (data ) Tj ET Q q 0 0 0 rg BT 255.55 251.00 Td (from ) Tj ET Q q 0 0 0 rg BT 278.60 251.00 Td (one ) Tj ET Q q 0 0 0 rg BT 296.65 251.00 Td (end ) Tj ET Q q 0 0 0 rg BT 314.69 251.00 Td (to ) Tj ET Q q 0 0 0 rg BT 326.08 251.00 Td (another) Tj ET Q q 0 0 0 rg BT 355.51 251.00 Td (. ) Tj ET Q q 0 0 0 rg BT 361.62 251.00 Td (Ebix) Tj ET Q q 0 0 0 rg BT 383.29 251.00 Td (s ) Tj ET Q q 0 0 0 rg BT 390.79 251.00 Td (life, ) Tj ET Q q 0 0 0 rg BT 410.22 251.00 Td (annuity) Tj ET Q q 0 0 0 rg BT 439.57 251.00 Td (, ) Tj ET Q q 0 0 0 rg BT 445.67 251.00 Td (and ) Tj ET Q q 0 0 0 rg BT 463.72 251.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 506.20 251.00 Td (health ) Tj ET Q q 0 0 0 rg BT 534.24 251.00 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 93.89 239.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 132.22 239.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 163.89 239.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.35 239.00 Td (in ) Tj ET Q q 0 0 0 rg BT 213.37 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.83 239.00 Td (United ) Tj ET Q q 0 0 0 rg BT 257.29 239.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 285.75 239.00 Td (The ) Tj ET Q q 0 0 0 rg BT 303.54 239.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 325.79 239.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 369.68 239.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 401.35 239.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 440.80 239.00 Td (in ) Tj ET Q q 0 0 0 rg BT 450.33 239.00 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 491.73 239.00 Td (New ) Tj ET Q q 0 0 0 rg BT 512.85 239.00 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 549.80 239.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.00 Td (United ) Tj ET Q q 0 0 0 rg BT 80.67 227.00 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 124.39 227.00 Td (and ) Tj ET Q q 0 0 0 rg BT 142.28 227.00 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 172.67 227.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 215.54 227.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.63 227.00 Td (is ) Tj ET Q q 0 0 0 rg BT 260.75 227.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 294.19 227.00 Td (from ) Tj ET Q q 0 0 0 rg BT 317.08 227.00 Td (two ) Tj ET Q q 0 0 0 rg BT 335.53 227.00 Td (main ) Tj ET Q q 0 0 0 rg BT 358.97 227.00 Td (sources, ) Tj ET Q q 0 0 0 rg BT 394.91 227.00 Td (namely ) Tj ET Q q 0 0 0 rg BT 427.80 227.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 480.13 227.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 499.68 227.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.22 227.00 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.00 Td (accessing ) Tj ET Q q 0 0 0 rg BT 90.63 215.00 Td (the ) Tj ET Q q 0 0 0 rg BT 105.15 215.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 145.21 215.00 Td (and ) Tj ET Q q 0 0 0 rg BT 161.96 215.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 208.14 215.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 226.55 215.00 Td (char) Tj ET Q q 0 0 0 rg BT 243.58 215.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 260.33 215.00 Td (for ) Tj ET Q q 0 0 0 rg BT 274.30 215.00 Td (each ) Tj ET Q q 0 0 0 rg BT 294.92 215.00 Td (data ) Tj ET Q q 0 0 0 rg BT 313.89 215.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 360.07 215.00 Td (processed ) Tj ET Q q 0 0 0 rg BT 401.81 215.00 Td (on ) Tj ET Q q 0 0 0 rg BT 414.12 215.00 Td (an ) Tj ET Q q 0 0 0 rg BT 425.86 215.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 447.06 215.00 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 491.29 215.00 Td (with ) Tj ET Q q 0 0 0 rg BT 511.38 215.00 Td (a ) Tj ET Q q 0 0 0 rg BT 518.13 215.00 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.00 Td (being ) Tj ET Q q 0 0 0 rg BT 75.75 203.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 109.27 203.00 Td (as ) Tj ET Q q 0 0 0 rg BT 121.14 203.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.89 203.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 178.18 203.00 Td (of ) Tj ET Q q 0 0 0 rg BT 190.04 203.00 Td (data ) Tj ET Q q 0 0 0 rg BT 210.23 203.00 Td (between ) Tj ET Q q 0 0 0 rg BT 247.08 203.00 Td (any ) Tj ET Q q 0 0 0 rg BT 265.06 203.00 Td (two ) Tj ET Q q 0 0 0 rg BT 283.59 203.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 316.01 203.00 Td (using ) Tj ET Q q 0 0 0 rg BT 341.22 203.00 Td (an ) Tj ET Q q 0 0 0 rg BT 354.19 203.00 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 397.72 203.00 Td (These ) Tj ET Q q 0 0 0 rg BT 425.14 203.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 470.32 203.00 Td (have ) Tj ET Q q 0 0 0 rg BT 492.73 203.00 Td (been ) Tj ET Q q 0 0 0 rg BT 515.14 203.00 Td (designed ) Tj ET Q q 0 0 0 rg BT 554.22 203.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.00 Td (completely ) Tj ET Q q 0 0 0 rg BT 97.60 191.00 Td (adhere ) Tj ET Q q 0 0 0 rg BT 127.42 191.00 Td (to ) Tj ET Q q 0 0 0 rg BT 138.36 191.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 174.31 191.00 Td (and ) Tj ET Q q 0 0 0 rg BT 191.92 191.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 236.19 191.00 Td (data ) Tj ET Q q 0 0 0 rg BT 256.01 191.00 Td (standards. ) Tj ET Q q 0 0 0 rg BT 298.75 191.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 348.09 191.00 Td (, ) Tj ET Q q 0 0 0 rg BT 353.76 191.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 395.24 191.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 441.18 191.00 Td (work ) Tj ET Q q 0 0 0 rg BT 464.90 191.00 Td (with ) Tj ET Q q 0 0 0 rg BT 485.85 191.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 507.90 191.00 Td (or ) Tj ET Q q 0 0 0 rg BT 519.41 191.00 Td (third ) Tj ET Q q 0 0 0 rg BT 541.46 191.00 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.00 Td (vendors ) Tj ET Q q 0 0 0 rg BT 83.32 179.00 Td (to ) Tj ET Q q 0 0 0 rg BT 92.77 179.00 Td (interface ) Tj ET Q q 0 0 0 rg BT 129.40 179.00 Td (an ) Tj ET Q q 0 0 0 rg BT 140.50 179.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 179.92 179.00 Td (with ) Tj ET Q q 0 0 0 rg BT 199.36 179.00 Td (their ) Tj ET Q q 0 0 0 rg BT 219.35 179.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 257.66 179.00 Td (systems. ) Tj ET Q q 0 0 0 rg BT 293.50 179.00 Td (Since ) Tj ET Q q 0 0 0 rg BT 317.38 179.00 Td (each ) Tj ET Q q 0 0 0 rg BT 337.36 179.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 376.78 179.00 Td (is ) Tj ET Q q 0 0 0 rg BT 385.11 179.00 Td (built ) Tj ET Q q 0 0 0 rg BT 405.11 179.00 Td (based ) Tj ET Q q 0 0 0 rg BT 429.54 179.00 Td (on ) Tj ET Q q 0 0 0 rg BT 441.21 179.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 475.65 179.00 Td (standards, ) Tj ET Q q 0 0 0 rg BT 517.58 179.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 179.00 Td (system/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 91.20 167.00 Td (interfaces ) Tj ET Q q 0 0 0 rg BT 133.50 167.00 Td (can ) Tj ET Q q 0 0 0 rg BT 150.82 167.00 Td (be ) Tj ET Q q 0 0 0 rg BT 163.70 167.00 Td (built ) Tj ET Q q 0 0 0 rg BT 185.48 167.00 Td (by ) Tj ET Q q 0 0 0 rg BT 198.92 167.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 221.25 167.00 Td (or ) Tj ET Q q 0 0 0 rg BT 233.02 167.00 Td (any ) Tj ET Q q 0 0 0 rg BT 250.90 167.00 Td (other ) Tj ET Q q 0 0 0 rg BT 274.89 167.00 Td (third ) Tj ET Q q 0 0 0 rg BT 297.22 167.00 Td (party ) Tj ET Q q 0 0 0 rg BT 321.21 167.00 Td (vendor) Tj ET Q q 0 0 0 rg BT 348.58 167.00 Td (, ) Tj ET Q q 0 0 0 rg BT 354.52 167.00 Td (at ) Tj ET Q q 0 0 0 rg BT 365.18 167.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.84 167.00 Td (client) Tj ET Q q 0 0 0 rg BT 405.83 167.00 Td (s ) Tj ET Q q 0 0 0 rg BT 413.16 167.00 Td (option. ) Tj ET Q q 0 0 0 rg BT 444.66 167.00 Td (If ) Tj ET Q q 0 0 0 rg BT 454.77 167.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 477.09 167.00 Td (builds ) Tj ET Q q 0 0 0 rg BT 504.99 167.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.64 167.00 Td (interfaces, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.49 155.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.64 155.00 Td (is ) Tj ET Q q 0 0 0 rg BT 135.81 155.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 168.29 155.00 Td (in ) Tj ET Q q 0 0 0 rg BT 178.57 155.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.29 155.00 Td (form ) Tj ET Q q 0 0 0 rg BT 215.22 155.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.05 155.00 Td (professional ) Tj ET Q q 0 0 0 rg BT 277.43 155.00 Td (services ) Tj ET Q q 0 0 0 rg BT 312.14 155.00 Td (char) Tj ET Q q 0 0 0 rg BT 329.17 155.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 346.10 155.00 Td (on ) Tj ET Q q 0 0 0 rg BT 358.60 155.00 Td (time ) Tj ET Q q 0 0 0 rg BT 378.88 155.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.82 155.00 Td (materials ) Tj ET Q q 0 0 0 rg BT 434.97 155.00 Td (basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 133.00 Td (Br) Tj ET Q q 0 0 0 rg BT 109.93 133.00 Td (oker) Tj ET Q q 0 0 0 rg BT 129.19 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 132.53 133.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 157.53 133.00 Td (Systems:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.31 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.41 133.00 Td (The ) Tj ET Q q 0 0 0 rg BT 217.30 133.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 265.22 133.00 Td (main ) Tj ET Q q 0 0 0 rg BT 288.56 133.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 313.57 133.00 Td (in ) Tj ET Q q 0 0 0 rg BT 324.69 133.00 Td (this ) Tj ET Q q 0 0 0 rg BT 342.48 133.00 Td (channel ) Tj ET Q q 0 0 0 rg BT 376.92 133.00 Td (is ) Tj ET Q q 0 0 0 rg BT 386.93 133.00 Td (on ) Tj ET Q q 0 0 0 rg BT 400.27 133.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 435.27 133.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 467.50 133.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.06 133.00 Td (United ) Tj ET Q q 0 0 0 rg BT 513.63 133.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 543.36 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 133.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.20 121.00 Td (does ) Tj ET Q q 0 0 0 rg BT 111.84 121.00 Td (not ) Tj ET Q q 0 0 0 rg BT 126.92 121.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 158.11 121.00 Td (that ) Tj ET Q q 0 0 0 rg BT 175.41 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 189.94 121.00 Td (United ) Tj ET Q q 0 0 0 rg BT 219.46 121.00 Td (States ) Tj ET Q q 0 0 0 rg BT 245.66 121.00 Td (broker ) Tj ET Q q 0 0 0 rg BT 274.07 121.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 308.05 121.00 Td (market ) Tj ET Q q 0 0 0 rg BT 338.12 121.00 Td (can ) Tj ET Q q 0 0 0 rg BT 354.31 121.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 387.16 121.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 408.36 121.00 Td (with ) Tj ET Q q 0 0 0 rg BT 428.45 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 442.97 121.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.05 121.00 Td (mar) Tj ET Q q 0 0 0 rg BT 498.41 121.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 513.50 121.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 539.14 121.00 Td (that ) Tj ET Q q 0 0 0 rg BT 556.44 121.00 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.00 Td (seeks. ) Tj ET Q q 0 0 0 rg BT 76.29 109.00 Td (The ) Tj ET Q q 0 0 0 rg BT 94.13 109.00 Td (number ) Tj ET Q q 0 0 0 rg BT 126.97 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 137.59 109.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 188.76 109.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 221.04 109.00 Td (has ) Tj ET Q q 0 0 0 rg BT 236.67 109.00 Td (been ) Tj ET Q q 0 0 0 rg BT 257.84 109.00 Td (steadily ) Tj ET Q q 0 0 0 rg BT 291.24 109.00 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 336.28 109.00 Td (in ) Tj ET Q q 0 0 0 rg BT 346.36 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.87 109.00 Td (country ) Tj ET Q q 0 0 0 rg BT 393.71 109.00 Td (and ) Tj ET Q q 0 0 0 rg BT 410.44 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 424.95 109.00 Td (space ) Tj ET Q q 0 0 0 rg BT 449.45 109.00 Td (is ) Tj ET Q q 0 0 0 rg BT 458.42 109.00 Td (fairly ) Tj ET Q q 0 0 0 rg BT 482.37 109.00 Td (crowded ) Tj ET Q q 0 0 0 rg BT 519.09 109.00 Td (in ) Tj ET Q q 0 0 0 rg BT 529.16 109.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.67 109.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 65.23 97.00 Td (number ) Tj ET Q q 0 0 0 rg BT 98.79 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 110.13 97.00 Td (software ) Tj ET Q q 0 0 0 rg BT 147.57 97.00 Td (players ) Tj ET Q q 0 0 0 rg BT 179.46 97.00 Td (addressing ) Tj ET Q q 0 0 0 rg BT 225.24 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 240.47 97.00 Td (market. ) Tj ET Q q 0 0 0 rg BT 273.75 97.00 Td (Consequently) Tj ET Q q 0 0 0 rg BT 328.10 97.00 Td (, ) Tj ET Q q 0 0 0 rg BT 333.61 97.00 Td (Ebix) Tj ET Q q 0 0 0 rg BT 355.27 97.00 Td (s ) Tj ET Q q 0 0 0 rg BT 362.18 97.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 396.85 97.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 421.52 97.00 Td (in ) Tj ET Q q 0 0 0 rg BT 432.31 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.54 97.00 Td (area ) Tj ET Q q 0 0 0 rg BT 467.20 97.00 Td (of ) Tj ET Q q 0 0 0 rg BT 478.54 97.00 Td (broker ) Tj ET Q q 0 0 0 rg BT 507.65 97.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 542.33 97.00 Td (is ) Tj ET Q q 0 0 0 rg BT 552.02 97.00 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.00 Td (designing ) Tj ET Q q 0 0 0 rg BT 90.77 85.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.10 85.00 Td (deploying ) Tj ET Q q 0 0 0 rg BT 148.98 85.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 187.51 85.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 221.07 85.00 Td (for ) Tj ET Q q 0 0 0 rg BT 234.61 85.00 Td (international ) Tj ET Q q 0 0 0 rg BT 287.04 85.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 308.93 85.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 349.13 85.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 381.01 85.00 Td (who ) Tj ET Q q 0 0 0 rg BT 400.12 85.00 Td (are ) Tj ET Q q 0 0 0 rg BT 414.21 85.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 446.65 85.00 Td (a ) Tj ET Q q 0 0 0 rg BT 452.97 85.00 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 497.62 85.00 Td (system ) Tj ET Q q 0 0 0 rg BT 527.29 85.00 Td (solution. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 70.77 73.00 Td (has ) Tj ET Q q 0 0 0 rg BT 85.97 73.00 Td (three ) Tj ET Q q 0 0 0 rg BT 107.84 73.00 Td (back-end ) Tj ET Q q 0 0 0 rg BT 146.36 73.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 179.91 73.00 Td (in ) Tj ET Q q 0 0 0 rg BT 189.57 73.00 Td (this ) Tj ET Q q 0 0 0 rg BT 205.90 73.00 Td (area: ) Tj ET Q q 0 0 0 rg BT 227.20 73.00 Td (eGlobal, ) Tj ET Q q 0 0 0 rg BT 263.23 73.00 Td (which ) Tj ET Q q 0 0 0 rg BT 289.55 73.00 Td (tar) Tj ET Q q 0 0 0 rg BT 299.92 73.00 Td (gets ) Tj ET Q q 0 0 0 rg BT 317.90 73.00 Td (multinational ) Tj ET Q q 0 0 0 rg BT 373.11 73.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 395.00 73.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.19 73.00 Td (brokers; ) Tj ET Q q 0 0 0 rg BT 469.70 73.00 Td (W) Tj ET Q q 0 0 0 rg BT 478.74 73.00 Td (inBeat, ) Tj ET Q q 0 0 0 rg BT 509.22 73.00 Td (which ) Tj ET Q q 0 0 0 rg BT 535.54 73.00 Td (tar) Tj ET Q q 0 0 0 rg BT 545.91 73.00 Td (gets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 72.38 61.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 104.75 61.00 Td (in ) Tj ET Q q 0 0 0 rg BT 114.90 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 128.97 61.00 Td (Australian ) Tj ET Q q 0 0 0 rg BT 173.00 61.00 Td (and ) Tj ET Q q 0 0 0 rg BT 189.81 61.00 Td (New ) Tj ET Q q 0 0 0 rg BT 211.07 61.00 Td (Zealand ) Tj ET Q q 0 0 0 rg BT 245.64 61.00 Td (markets; ) Tj ET Q q 0 0 0 rg BT 282.45 61.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 301.77 61.00 Td (EbixASP) Tj ET Q q 0 0 0 rg BT 337.89 61.00 Td (, ) Tj ET Q q 0 0 0 rg BT 342.76 61.00 Td (which ) Tj ET Q q 0 0 0 rg BT 369.58 61.00 Td (is ) Tj ET Q q 0 0 0 rg BT 378.62 61.00 Td (a ) Tj ET Q q 0 0 0 rg BT 385.43 61.00 Td (system ) Tj ET Q q 0 0 0 rg BT 415.59 61.00 Td (for ) Tj ET Q q 0 0 0 rg BT 429.62 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.21 61.00 Td (P&C ) Tj ET Q q 0 0 0 rg BT 466.60 61.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 507.29 61.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 539.65 61.00 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 61.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.00 Td (United ) Tj ET Q q 0 0 0 rg BT 79.87 49.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 108.91 49.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 146.54 49.00 Td (from ) Tj ET Q q 0 0 0 rg BT 168.63 49.00 Td (eGlobal ) Tj ET Q q 0 0 0 rg BT 202.94 49.00 Td (is ) Tj ET Q q 0 0 0 rg BT 212.26 49.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 244.90 49.00 Td (from ) Tj ET Q q 0 0 0 rg BT 266.99 49.00 Td (two ) Tj ET Q q 0 0 0 rg BT 284.64 49.00 Td (main ) Tj ET Q q 0 0 0 rg BT 307.29 49.00 Td (sources ) Tj ET Q q 0 0 0 rg BT 339.93 49.00 Td ( ) Tj ET Q q 0 0 0 rg BT 352.58 49.00 Td (specifically ) Tj ET Q q 0 0 0 rg BT 401.32 49.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 452.86 49.00 Td (license-based ) Tj ET Q q 0 0 0 rg BT 509.37 49.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 547.56 49.00 Td (and ) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (time ) Tj ET Q q 0 0 0 rg BT 70.03 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.73 742.10 Td (material ) Tj ET Q q 0 0 0 rg BT 121.74 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 140.10 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 157.13 742.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 173.82 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.86 742.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 226.66 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.13 742.10 Td (product ) Tj ET Q q 0 0 0 rg BT 273.93 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.97 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.67 742.10 Td (broker) Tj ET Q q 0 0 0 rg BT 317.14 742.10 Td () Tj ET Q q 0 0 0 rg BT 319.91 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 326.06 742.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 359.41 742.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 402.21 742.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 459.17 742.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 496.42 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 517.95 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.99 742.10 Td (inBeat ) Tj ET Q q 0 0 0 rg BT 555.35 742.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.25 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.96 730.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 139.57 730.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 190.72 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 209.09 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 226.12 730.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 242.83 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.87 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.46 730.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 295.74 730.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 324.11 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.65 730.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 372.58 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.29 730.10 Td (New ) Tj ET Q q 0 0 0 rg BT 410.44 730.10 Td (Zealand ) Tj ET Q q 0 0 0 rg BT 444.91 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 462.17 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 477.77 730.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 516.70 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.18 730.10 Td (service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 86.98 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.42 718.10 Td (EbixASP) Tj ET Q q 0 0 0 rg BT 145.28 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.28 718.10 Td (comes ) Tj ET Q q 0 0 0 rg BT 174.82 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.25 718.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 231.59 718.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 282.47 718.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 300.57 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 317.59 718.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 334.03 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.80 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 364.12 718.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 386.12 718.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 414.22 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.99 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.21 718.10 Td (United ) Tj ET Q q 0 0 0 rg BT 467.42 718.10 Td (States ) Tj ET Q q 0 0 0 rg BT 493.31 718.10 Td (using ) Tj ET Q q 0 0 0 rg BT 516.97 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.19 718.10 Td (service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 71.56 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.47 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.59 706.10 Td (products ) Tj ET Q q 0 0 0 rg BT 139.61 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.39 706.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 199.96 706.10 Td (being ) Tj ET Q q 0 0 0 rg BT 223.75 706.10 Td (redesigned, ) Tj ET Q q 0 0 0 rg BT 271.15 706.10 Td (recoded ) Tj ET Q q 0 0 0 rg BT 304.37 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.39 706.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 353.62 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.97 706.10 Td (adhere ) Tj ET Q q 0 0 0 rg BT 391.20 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.55 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.35 706.10 Td (most ) Tj ET Q q 0 0 0 rg BT 435.37 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 465.26 706.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 507.38 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.96 706.10 Td (technologies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 684.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 120.50 684.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 173.65 684.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 215.15 684.10 Td (\("RCS"\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.25 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.30 684.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 279.96 684.10 Td (s ) Tj ET Q q 0 0 0 rg BT 285.90 684.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 309.60 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.42 684.10 Td (this ) Tj ET Q q 0 0 0 rg BT 335.91 684.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 369.05 684.10 Td (pertains ) Tj ET Q q 0 0 0 rg BT 402.75 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.57 684.10 Td (business ) Tj ET Q q 0 0 0 rg BT 448.51 684.10 Td (process ) Tj ET Q q 0 0 0 rg BT 480.54 684.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 529.80 684.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.71 672.10 Td (include ) Tj ET Q q 0 0 0 rg BT 99.86 672.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 141.47 672.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 174.18 672.10 Td (intensive ) Tj ET Q q 0 0 0 rg BT 213.00 672.10 Td (project ) Tj ET Q q 0 0 0 rg BT 243.48 672.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 299.79 672.10 Td (time ) Tj ET Q q 0 0 0 rg BT 320.28 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.43 672.10 Td (material ) Tj ET Q q 0 0 0 rg BT 372.91 672.10 Td (based ) Tj ET Q q 0 0 0 rg BT 398.40 672.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 442.78 672.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 497.70 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.19 672.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 537.01 672.10 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.73 660.10 Td (world, ) Tj ET Q q 0 0 0 rg BT 93.07 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.80 660.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 142.51 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.46 660.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 194.74 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.58 660.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 251.95 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.79 660.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 303.61 660.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 331.12 660.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.41 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.14 660.10 Td (United ) Tj ET Q q 0 0 0 rg BT 385.87 660.10 Td (States ) Tj ET Q q 0 0 0 rg BT 412.27 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.66 660.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 472.83 660.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 509.50 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.22 660.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.98 648.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 87.73 648.10 Td (adjudication ) Tj ET Q q 0 0 0 rg BT 138.81 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.90 648.10 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 200.15 648.10 Td (call ) Tj ET Q q 0 0 0 rg BT 216.24 648.10 Td (center) Tj ET Q q 0 0 0 rg BT 240.26 648.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.41 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.50 648.10 Td (back ) Tj ET Q q 0 0 0 rg BT 281.03 648.10 Td (of) Tj ET Q q 0 0 0 rg BT 289.17 648.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 305.81 648.10 Td (support. ) Tj ET Q q 0 0 0 rg BT 339.96 648.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 360.50 648.10 Td (focuses ) Tj ET Q q 0 0 0 rg BT 392.14 648.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.79 648.10 Td (helping ) Tj ET Q q 0 0 0 rg BT 435.43 648.10 Td (its ) Tj ET Q q 0 0 0 rg BT 446.53 648.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 474.29 648.10 Td (outsource ) Tj ET Q q 0 0 0 rg BT 514.81 648.10 Td (any ) Tj ET Q q 0 0 0 rg BT 530.90 648.10 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (service ) Tj ET Q q 0 0 0 rg BT 81.41 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.83 636.10 Td (manpower ) Tj ET Q q 0 0 0 rg BT 138.14 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.01 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.32 636.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.30 636.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.40 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.93 636.10 Td (onsite ) Tj ET Q q 0 0 0 rg BT 258.91 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.34 636.10 Td (of) Tj ET Q q 0 0 0 rg BT 278.49 636.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 306.57 636.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 331.94 636.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.98 636.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 354.63 636.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 386.04 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.92 636.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.34 636.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 454.75 636.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 497.81 636.10 Td (related ) Tj ET Q q 0 0 0 rg BT 528.11 636.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 98.87 624.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 131.33 624.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 151.87 624.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 187.96 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.04 624.10 Td (software-based ) Tj ET Q q 0 0 0 rg BT 256.22 624.10 Td (service ) Tj ET Q q 0 0 0 rg BT 286.18 624.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.49 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.36 624.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 348.89 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.87 624.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 404.37 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.35 624.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 454.32 624.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.96 624.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 491.50 624.10 Td (adhere ) Tj ET Q q 0 0 0 rg BT 519.79 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.22 624.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 89.55 612.10 Td (such ) Tj ET Q q 0 0 0 rg BT 109.66 612.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.38 612.10 Td (ACORD. ) Tj ET Q q 0 0 0 rg BT 158.66 612.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 179.33 612.10 Td (derives ) Tj ET Q q 0 0 0 rg BT 209.98 612.10 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 281.73 612.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 319.05 612.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.49 612.10 Td (each ) Tj ET Q q 0 0 0 rg BT 352.59 612.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 394.33 612.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.11 612.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.56 612.10 Td (created. ) Tj ET Q q 0 0 0 rg BT 452.70 612.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 473.36 612.10 Td (also ) Tj ET Q q 0 0 0 rg BT 491.25 612.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 527.47 612.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.69 612.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 600.10 Td (track ) Tj ET Q q 0 0 0 rg BT 81.87 600.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 127.78 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.16 600.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 178.53 600.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.25 600.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 232.05 600.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 260.21 600.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.04 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.31 600.10 Td (United ) Tj ET Q q 0 0 0 rg BT 313.58 600.10 Td (States ) Tj ET Q q 0 0 0 rg BT 339.52 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.56 600.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 394.27 600.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.32 600.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 451.12 600.10 Td (transactional-based ) Tj ET Q q 0 0 0 rg BT 530.36 600.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 588.10 Td (each ) Tj ET Q q 0 0 0 rg BT 84.98 588.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 127.44 588.10 Td (tracked.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 566.10 Td (Carrier) Tj ET Q q 0 0 0 rg BT 131.57 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.32 566.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 156.72 566.10 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 566.10 Td (: ) Tj ET Q q 0 0 0 rg BT 195.56 566.10 Td (This ) Tj ET Q q 0 0 0 rg BT 215.09 566.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 247.92 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.34 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.30 566.10 Td (smallest ) Tj ET Q q 0 0 0 rg BT 304.82 566.10 Td (part ) Tj ET Q q 0 0 0 rg BT 322.11 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.18 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.15 566.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 392.47 566.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 430.61 566.10 Td (since ) Tj ET Q q 0 0 0 rg BT 452.90 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.86 566.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.49 566.10 Td (has ) Tj ET Q q 0 0 0 rg BT 522.57 566.10 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.42 554.10 Td (de-emphasize ) Tj ET Q q 0 0 0 rg BT 118.04 554.10 Td (its ) Tj ET Q q 0 0 0 rg BT 130.14 554.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 167.77 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.20 554.10 Td (this ) Tj ET Q q 0 0 0 rg BT 195.29 554.10 Td (sector) Tj ET Q q 0 0 0 rg BT 218.77 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 223.92 554.10 Td (while ) Tj ET Q q 0 0 0 rg BT 248.78 554.10 Td (focusing ) Tj ET Q q 0 0 0 rg BT 285.86 554.10 Td (its ) Tj ET Q q 0 0 0 rg BT 297.96 554.10 Td (ef) Tj ET Q q 0 0 0 rg BT 305.55 554.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 326.52 554.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.38 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.03 554.10 Td (Exchanges, ) Tj ET Q q 0 0 0 rg BT 427.49 554.10 Td (Healthcare, ) Tj ET Q q 0 0 0 rg BT 475.94 554.10 Td (e-Governance, ) Tj ET Q q 0 0 0 rg BT 537.16 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.24 554.10 Td (e-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Learning. ) Tj ET Q q 0 0 0 rg BT 91.33 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.06 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.79 542.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 118.45 542.10 Td (s ) Tj ET Q q 0 0 0 rg BT 125.08 542.10 Td (work ) Tj ET Q q 0 0 0 rg BT 148.36 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.87 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.82 542.10 Td (area ) Tj ET Q q 0 0 0 rg BT 193.20 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.26 542.10 Td (carrier ) Tj ET Q q 0 0 0 rg BT 233.08 542.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 267.48 542.10 Td (pertains ) Tj ET Q q 0 0 0 rg BT 301.87 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.38 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.32 542.10 Td (designing ) Tj ET Q q 0 0 0 rg BT 368.94 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.11 542.10 Td (deploying ) Tj ET Q q 0 0 0 rg BT 428.84 542.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 476.56 542.10 Td (back-end ) Tj ET Q q 0 0 0 rg BT 515.94 542.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 550.34 542.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 72.73 530.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 113.77 530.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 161.76 530.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 199.46 530.10 Td (from ) Tj ET Q q 0 0 0 rg BT 221.62 530.10 Td (these ) Tj ET Q q 0 0 0 rg BT 244.89 530.10 Td (services ) Tj ET Q q 0 0 0 rg BT 279.82 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.21 530.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 321.92 530.10 Td (from ) Tj ET Q q 0 0 0 rg BT 344.08 530.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 395.69 530.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 433.95 530.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.00 530.10 Td (license ) Tj ET Q q 0 0 0 rg BT 475.49 530.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 513.75 530.10 Td (from ) Tj ET Q q 0 0 0 rg BT 535.91 530.10 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 518.10 Td (time ) Tj ET Q q 0 0 0 rg BT 87.21 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.15 518.10 Td (material ) Tj ET Q q 0 0 0 rg BT 139.41 518.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 158.01 518.10 Td (char) Tj ET Q q 0 0 0 rg BT 175.03 518.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 191.97 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.25 518.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 245.29 518.10 Td (these ) Tj ET Q q 0 0 0 rg BT 268.34 518.10 Td (products ) Tj ET Q q 0 0 0 rg BT 305.28 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.56 518.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.50 518.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 368.31 518.10 Td (company) Tj ET Q q 0 0 0 rg BT 407.74 518.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.14 518.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 447.73 518.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 490.77 518.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 496.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 86.76 496.10 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 474.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.38 474.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.09 474.10 Td (focuses ) Tj ET Q q 0 0 0 rg BT 191.91 474.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.74 474.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 255.34 474.10 Td (high ) Tj ET Q q 0 0 0 rg BT 275.94 474.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 306.54 474.10 Td (product ) Tj ET Q q 0 0 0 rg BT 339.92 474.10 Td (development ) Tj ET Q q 0 0 0 rg BT 394.40 474.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 437.50 474.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 471.43 474.10 Td (development ) Tj ET Q q 0 0 0 rg BT 525.91 474.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (include ) Tj ET Q q 0 0 0 rg BT 82.86 462.10 Td (research ) Tj ET Q q 0 0 0 rg BT 119.60 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.47 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.12 462.10 Td (development ) Tj ET Q q 0 0 0 rg BT 208.20 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.96 462.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 257.82 462.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 286.80 462.10 Td (client ) Tj ET Q q 0 0 0 rg BT 312.44 462.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 346.96 462.10 Td (software ) Tj ET Q q 0 0 0 rg BT 384.82 462.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 444.89 462.10 Td (such ) Tj ET Q q 0 0 0 rg BT 466.65 462.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.41 462.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 509.06 462.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 559.51 462.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (improving ) Tj ET Q q 0 0 0 rg BT 95.48 450.10 Td (usefulness, ) Tj ET Q q 0 0 0 rg BT 143.46 450.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 188.37 450.10 Td (responsiveness, ) Tj ET Q q 0 0 0 rg BT 254.68 450.10 Td (adapting ) Tj ET Q q 0 0 0 rg BT 292.93 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.53 450.10 Td (newer ) Tj ET Q q 0 0 0 rg BT 332.78 450.10 Td (software ) Tj ET Q q 0 0 0 rg BT 371.03 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.28 450.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 430.30 450.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 487.16 450.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.31 450.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 547.56 450.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 100.27 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.99 438.10 Td (Company) Tj ET Q q 0 0 0 rg BT 156.65 438.10 Td (s ) Tj ET Q q 0 0 0 rg BT 163.04 438.10 Td (websites.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.96 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.26 416.10 Td (has ) Tj ET Q q 0 0 0 rg BT 174.01 416.10 Td (spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.53 416.10 Td ($33.0 ) Tj ET Q q 0 0 0 rg BT 222.44 416.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.34 416.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.25 416.10 Td ($30.7 ) Tj ET Q q 0 0 0 rg BT 281.17 416.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.06 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.97 416.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.82 416.10 Td ($26.9 ) Tj ET Q q 0 0 0 rg BT 356.74 416.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.63 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.05 416.10 Td (during ) Tj ET Q q 0 0 0 rg BT 416.57 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.20 416.10 Td (years ) Tj ET Q q 0 0 0 rg BT 454.71 416.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 416.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.50 416.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 416.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.26 404.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.96 404.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.96 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.73 404.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.39 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.15 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.41 404.10 Td (product ) Tj ET Q q 0 0 0 rg BT 211.22 404.10 Td (development ) Tj ET Q q 0 0 0 rg BT 265.13 404.10 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 309.17 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.98 404.10 Td (Company) Tj ET Q q 0 0 0 rg BT 368.64 404.10 Td (s ) Tj ET Q q 0 0 0 rg BT 374.80 404.10 Td (product ) Tj ET Q q 0 0 0 rg BT 407.61 404.10 Td (development ) Tj ET Q q 0 0 0 rg BT 461.52 404.10 Td (ef) Tj ET Q q 0 0 0 rg BT 469.11 404.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 489.70 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.17 404.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 537.53 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 404.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 91.45 392.10 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 146.22 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.68 392.10 Td (redesign ) Tj ET Q q 0 0 0 rg BT 198.57 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.92 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.15 392.10 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 267.10 392.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 295.21 392.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 331.40 392.10 Td (carrier ) Tj ET Q q 0 0 0 rg BT 359.50 392.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 395.69 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.15 392.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 433.07 392.10 Td (product ) Tj ET Q q 0 0 0 rg BT 465.63 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.09 392.10 Td (service ) Tj ET Q q 0 0 0 rg BT 512.42 392.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 533.33 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.12 392.10 Td (keep ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.82 380.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 112.75 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 122.46 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.16 380.10 Td (cutting ) Tj ET Q q 0 0 0 rg BT 167.43 380.10 Td (edge ) Tj ET Q q 0 0 0 rg BT 188.80 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.07 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.78 380.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 247.92 380.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.08 380.10 Td (compete. ) Tj ET Q q 0 0 0 rg BT 300.94 380.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 357.30 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 364.89 380.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 385.71 380.10 Td (also ) Tj ET Q q 0 0 0 rg BT 404.31 380.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 437.35 380.10 Td (new ) Tj ET Q q 0 0 0 rg BT 456.50 380.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 509.54 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.69 380.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 84.98 368.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 117.47 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.40 368.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 164.95 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.89 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.61 368.10 Td (redesign, ) Tj ET Q q 0 0 0 rg BT 235.48 368.10 Td (coding ) Tj ET Q q 0 0 0 rg BT 265.20 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.14 368.10 Td (development ) Tj ET Q q 0 0 0 rg BT 336.29 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.12 368.10 Td (new ) Tj ET Q q 0 0 0 rg BT 366.28 368.10 Td (services ) Tj ET Q q 0 0 0 rg BT 400.99 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.15 368.10 Td (international ) Tj ET Q q 0 0 0 rg BT 468.18 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.12 368.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 523.73 368.10 Td (markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 324.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 324.10 Td (e ) Tj ET Q q 0 0 0 rg BT 115.23 324.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 147.25 324.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 169.29 324.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.11 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.04 324.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.63 324.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 227.99 324.10 Td (position ) Tj ET Q q 0 0 0 rg BT 263.37 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.85 324.10 Td (being ) Tj ET Q q 0 0 0 rg BT 300.22 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.59 324.10 Td (only ) Tj ET Q q 0 0 0 rg BT 336.52 324.10 Td (company ) Tj ET Q q 0 0 0 rg BT 376.32 324.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 422.24 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.17 324.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 474.64 324.10 Td (software ) Tj ET Q q 0 0 0 rg BT 512.22 324.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 547.02 324.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.83 312.10 Td (services ) Tj ET Q q 0 0 0 rg BT 121.44 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.61 312.10 Td (all ) Tj ET Q q 0 0 0 rg BT 144.00 312.10 Td (four ) Tj ET Q q 0 0 0 rg BT 163.06 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.79 312.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.51 312.10 Td (above ) Tj ET Q q 0 0 0 rg BT 215.79 312.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 239.85 312.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.89 312.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 313.77 312.10 Td (Conversely) Tj ET Q q 0 0 0 rg BT 358.67 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.57 312.10 Td (though, ) Tj ET Q q 0 0 0 rg BT 396.24 312.10 Td (this ) Tj ET Q q 0 0 0 rg BT 413.09 312.10 Td (also ) Tj ET Q q 0 0 0 rg BT 431.59 312.10 Td (means ) Tj ET Q q 0 0 0 rg BT 459.54 312.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.93 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.10 312.10 Td (each ) Tj ET Q q 0 0 0 rg BT 507.81 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.54 312.10 Td (these ) Tj ET Q q 0 0 0 rg BT 541.48 312.10 Td (areas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 71.01 300.10 Td (has ) Tj ET Q q 0 0 0 rg BT 86.46 300.10 Td (dif) Tj ET Q q 0 0 0 rg BT 97.39 300.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 122.83 300.10 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 174.67 300.10 Td (In ) Tj ET Q q 0 0 0 rg BT 185.12 300.10 Td (fact, ) Tj ET Q q 0 0 0 rg BT 204.73 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.63 300.10 Td (most ) Tj ET Q q 0 0 0 rg BT 236.21 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.66 300.10 Td (these ) Tj ET Q q 0 0 0 rg BT 269.33 300.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 291.99 300.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 313.00 300.10 Td (has ) Tj ET Q q 0 0 0 rg BT 328.46 300.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.02 300.10 Td (dif) Tj ET Q q 0 0 0 rg BT 345.95 300.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 371.39 300.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 416.83 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.73 300.10 Td (each ) Tj ET Q q 0 0 0 rg BT 447.17 300.10 Td (country ) Tj ET Q q 0 0 0 rg BT 479.84 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.75 300.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.31 300.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.09 300.10 Td (operate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.83 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 288.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 118.58 288.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.74 288.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 184.13 288.10 Td (often ) Tj ET Q q 0 0 0 rg BT 207.17 288.10 Td (has ) Tj ET Q q 0 0 0 rg BT 223.00 288.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.94 288.10 Td (dif) Tj ET Q q 0 0 0 rg BT 240.87 288.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 266.68 288.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 312.50 288.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.00 288.10 Td (each ) Tj ET Q q 0 0 0 rg BT 345.82 288.10 Td (line ) Tj ET Q q 0 0 0 rg BT 363.32 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.15 288.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 414.40 288.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.68 288.10 Td (each ) Tj ET Q q 0 0 0 rg BT 445.49 288.10 Td (country) Tj ET Q q 0 0 0 rg BT 475.39 288.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.25 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.51 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.76 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.85 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.65 266.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.79 266.10 Td (has ) Tj ET Q q 0 0 0 rg BT 169.37 266.10 Td (centralized ) Tj ET Q q 0 0 0 rg BT 215.49 266.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 260.51 266.10 Td (product ) Tj ET Q q 0 0 0 rg BT 293.31 266.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 349.15 266.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 395.83 266.10 Td (property ) Tj ET Q q 0 0 0 rg BT 431.96 266.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 456.99 266.10 Td (development ) Tj ET Q q 0 0 0 rg BT 510.89 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.58 266.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.12 254.10 Td (system ) Tj ET Q q 0 0 0 rg BT 97.58 254.10 Td (development ) Tj ET Q q 0 0 0 rg BT 151.91 254.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 196.25 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.71 254.10 Td (Dubai, ) Tj ET Q q 0 0 0 rg BT 236.33 254.10 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 282.06 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.18 254.10 Td (India, ) Tj ET Q q 0 0 0 rg BT 324.91 254.10 Td (which ) Tj ET Q q 0 0 0 rg BT 352.03 254.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 389.15 254.10 Td (it ) Tj ET Q q 0 0 0 rg BT 397.39 254.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.51 254.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 454.40 254.10 Td (edge. ) Tj ET Q q 0 0 0 rg BT 478.27 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.30 254.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 500.54 254.10 Td (its ) Tj ET Q q 0 0 0 rg BT 512.67 254.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 540.35 254.10 Td (focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.25 242.10 Td (quality) Tj ET Q q 0 0 0 rg BT 89.37 242.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.12 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.70 242.10 Td (Indian ) Tj ET Q q 0 0 0 rg BT 137.50 242.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 181.41 242.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 211.42 242.10 Td (cutting ) Tj ET Q q 0 0 0 rg BT 241.44 242.10 Td (edge ) Tj ET Q q 0 0 0 rg BT 262.57 242.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 300.94 242.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.85 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.43 242.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 373.23 242.10 Td (across ) Tj ET Q q 0 0 0 rg BT 400.47 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.93 242.10 Td (world. ) Tj ET Q q 0 0 0 rg BT 443.01 242.10 Td (India ) Tj ET Q q 0 0 0 rg BT 465.81 242.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.73 242.10 Td (rich ) Tj ET Q q 0 0 0 rg BT 492.53 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.55 242.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 540.89 242.10 Td (skills ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.07 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.91 230.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 100.65 230.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 138.26 230.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.56 230.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 200.18 230.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 225.58 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.54 230.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 278.59 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.84 230.10 Td (United ) Tj ET Q q 0 0 0 rg BT 333.68 230.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 362.70 230.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 384.21 230.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 425.17 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.58 230.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 467.08 230.10 Td (its ) Tj ET Q q 0 0 0 rg BT 479.16 230.10 Td (India ) Tj ET Q q 0 0 0 rg BT 502.33 230.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 546.62 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 230.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (learning ) Tj ET Q q 0 0 0 rg BT 85.07 218.10 Td (center ) Tj ET Q q 0 0 0 rg BT 111.81 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.45 218.10 Td (excellence ) Tj ET Q q 0 0 0 rg BT 166.95 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.04 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.79 218.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 221.10 218.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 245.07 218.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.38 218.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 283.58 218.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 312.56 218.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 367.63 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.72 218.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 426.13 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.22 218.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 476.84 218.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 510.83 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.58 218.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 103.06 206.10 Td (This ) Tj ET Q q 0 0 0 rg BT 123.26 206.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 147.34 206.10 Td (on ) Tj ET Q q 0 0 0 rg BT 159.76 206.10 Td (building ) Tj ET Q q 0 0 0 rg BT 195.52 206.10 Td (this ) Tj ET Q q 0 0 0 rg BT 212.38 206.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 258.68 206.10 Td (base ) Tj ET Q q 0 0 0 rg BT 278.87 206.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 320.72 206.10 Td (with ) Tj ET Q q 0 0 0 rg BT 340.92 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.56 206.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 383.53 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.72 206.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 411.69 206.10 Td (more ) Tj ET Q q 0 0 0 rg BT 434.66 206.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 485.95 206.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 526.13 206.10 Td (at ) Tj ET Q q 0 0 0 rg BT 535.77 206.10 Td (India's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 74.96 194.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 93.25 194.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 130.42 194.10 Td (has ) Tj ET Q q 0 0 0 rg BT 145.94 194.10 Td (enabled ) Tj ET Q q 0 0 0 rg BT 179.22 194.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 200.29 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.26 194.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 260.22 194.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 290.17 194.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.80 194.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 347.87 194.10 Td (base ) Tj ET Q q 0 0 0 rg BT 367.82 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.45 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.41 194.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 424.36 194.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 458.20 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.17 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.79 194.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 493.09 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 500.67 194.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 530.06 194.10 Td (fashion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 182.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 182.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 182.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.54 182.10 Td (closer ) Tj ET Q q 0 0 0 rg BT 151.92 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.86 182.10 Td (more ) Tj ET Q q 0 0 0 rg BT 191.90 182.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 226.05 182.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 270.22 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.05 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.88 182.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 347.15 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.43 182.10 Td (each ) Tj ET Q q 0 0 0 rg BT 378.25 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.08 182.10 Td (these ) Tj ET Q q 0 0 0 rg BT 412.12 182.10 Td (four ) Tj ET Q q 0 0 0 rg BT 431.28 182.10 Td (main ) Tj ET Q q 0 0 0 rg BT 453.78 182.10 Td (channels.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 160.10 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.56 160.10 Td (: ) Tj ET Q q 0 0 0 rg BT 149.36 160.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 170.26 160.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 205.59 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.04 160.10 Td (number ) Tj ET Q q 0 0 0 rg BT 244.61 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.95 160.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 298.61 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.07 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.30 160.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 379.08 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.76 160.10 Td (each ) Tj ET Q q 0 0 0 rg BT 413.09 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.44 160.10 Td (those ) Tj ET Q q 0 0 0 rg BT 446.56 160.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 490.22 160.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 516.11 160.10 Td (within ) Tj ET Q q 0 0 0 rg BT 543.69 160.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 148.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 107.49 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.76 148.10 Td (which ) Tj ET Q q 0 0 0 rg BT 144.70 148.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 166.09 148.10 Td (operates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 126.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 118.42 126.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 160.06 126.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 202.25 126.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.02 126.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 236.67 126.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 272.75 126.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.96 126.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 312.72 126.10 Td (through ) Tj ET Q q 0 0 0 rg BT 346.60 126.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 392.13 126.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 438.22 126.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 457.64 126.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 499.83 126.10 Td (service ) Tj ET Q q 0 0 0 rg BT 530.92 126.10 Td (that ) Tj ET Q q 0 0 0 rg BT 548.68 126.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.50 114.10 Td (life ) Tj ET Q q 0 0 0 rg BT 88.33 114.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 129.16 114.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 173.31 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.60 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.33 114.10 Td (United ) Tj ET Q q 0 0 0 rg BT 228.05 114.10 Td (States ) Tj ET Q q 0 0 0 rg BT 254.45 114.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.96 114.10 Td (namely ) Tj ET Q q 0 0 0 rg BT 298.72 114.10 Td (W) Tj ET Q q 0 0 0 rg BT 307.76 114.10 Td (inflex, ) Tj ET Q q 0 0 0 rg BT 335.91 114.10 Td (TPP) Tj ET Q q 0 0 0 rg BT 352.04 114.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.04 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.99 114.10 Td (LifeSpeed. ) Tj ET Q q 0 0 0 rg BT 419.92 114.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.95 114.10 Td (inflex ) Tj ET Q q 0 0 0 rg BT 454.79 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 463.97 114.10 Td (an ) Tj ET Q q 0 0 0 rg BT 475.92 114.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 516.18 114.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.35 114.10 Td (pre-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (life ) Tj ET Q q 0 0 0 rg BT 66.60 102.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 108.19 102.10 Td (illustrations ) Tj ET Q q 0 0 0 rg BT 158.69 102.10 Td (between ) Tj ET Q q 0 0 0 rg BT 195.28 102.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 228.55 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.26 102.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 281.78 102.10 Td (TPP) Tj ET Q q 0 0 0 rg BT 298.64 102.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.92 102.10 Td (is ) Tj ET Q q 0 0 0 rg BT 311.86 102.10 Td (an ) Tj ET Q q 0 0 0 rg BT 324.58 102.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 379.51 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.22 102.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 426.06 102.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 474.88 102.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 517.57 102.10 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 86.95 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.12 90.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 120.29 90.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 163.62 90.10 Td (while ) Tj ET Q q 0 0 0 rg BT 188.35 90.10 Td (LifeSpeed ) Tj ET Q q 0 0 0 rg BT 231.96 90.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.15 90.10 Td (an ) Tj ET Q q 0 0 0 rg BT 253.10 90.10 Td (order ) Tj ET Q q 0 0 0 rg BT 276.71 90.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 299.78 90.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 336.72 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 350.90 90.10 Td (life ) Tj ET Q q 0 0 0 rg BT 366.74 90.10 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 410.07 90.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 432.57 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.41 90.10 Td (these ) Tj ET Q q 0 0 0 rg BT 466.47 90.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 510.63 90.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.36 90.10 Td (presently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 89.15 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.42 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.14 78.10 Td (United ) Tj ET Q q 0 0 0 rg BT 143.85 78.10 Td (States ) Tj ET Q q 0 0 0 rg BT 170.23 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.16 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 78.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.26 78.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.42 78.10 Td (also ) Tj ET Q q 0 0 0 rg BT 271.03 78.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 316.29 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.57 78.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 356.28 78.10 Td (them ) Tj ET Q q 0 0 0 rg BT 378.77 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.04 78.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.08 78.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 434.02 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.84 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.56 78.10 Td (world. ) Tj ET Q q 0 0 0 rg BT 487.88 78.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 509.26 78.10 Td (has ) Tj ET Q q 0 0 0 rg BT 525.09 78.10 Td (one ) Tj ET Q q 0 0 0 rg BT 542.02 78.10 Td (main ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 96.09 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.64 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.63 66.10 Td (life ) Tj ET Q q 0 0 0 rg BT 137.72 66.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 178.24 66.10 Td (area: ) Tj ET Q q 0 0 0 rg BT 200.44 66.10 Td (iPipeline. ) Tj ET Q q 0 0 0 rg BT 241.26 66.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 262.92 66.10 Td (dif) Tj ET Q q 0 0 0 rg BT 273.84 66.10 Td (ferentiates ) Tj ET Q q 0 0 0 rg BT 318.26 66.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 341.02 66.10 Td (from ) Tj ET Q q 0 0 0 rg BT 363.23 66.10 Td (this ) Tj ET Q q 0 0 0 rg BT 380.45 66.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 426.54 66.10 Td (by ) Tj ET Q q 0 0 0 rg BT 439.31 66.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 465.40 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.50 66.10 Td (having ) Tj ET Q q 0 0 0 rg BT 506.49 66.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.70 66.10 Td (end-to-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 83.67 54.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.89 54.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.54 54.10 Td (market ) Tj ET Q q 0 0 0 rg BT 135.75 54.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.52 54.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.96 54.10 Td (with ) Tj ET Q q 0 0 0 rg BT 166.18 54.10 Td (all ) Tj ET Q q 0 0 0 rg BT 177.61 54.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.38 54.10 Td (its ) Tj ET Q q 0 0 0 rg BT 198.27 54.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 241.36 54.10 Td (being ) Tj ET Q q 0 0 0 rg BT 265.01 54.10 Td (interfaced ) Tj ET Q q 0 0 0 rg BT 306.43 54.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.64 54.10 Td (other ) Tj ET Q q 0 0 0 rg BT 347.63 54.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 375.17 54.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 408.28 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.16 54.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 462.26 54.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 510.91 54.10 Td (management ) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG 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BT 371.20 742.10 Td (lar) Tj ET Q q 0 0 0 rg BT 381.57 742.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 399.80 742.10 Td (aggregation ) Tj ET Q q 0 0 0 rg BT 449.12 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.57 742.10 Td (life ) Tj ET Q q 0 0 0 rg BT 475.02 742.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 515.45 742.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 547.57 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 82.48 730.10 Td (transacting ) Tj ET Q q 0 0 0 rg BT 128.85 730.10 Td (business ) Tj ET Q q 0 0 0 rg BT 165.24 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.52 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.23 730.10 Td (United ) Tj ET Q q 0 0 0 rg BT 219.95 730.10 Td (States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 708.10 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 121.56 708.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 163.77 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.56 708.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 198.23 708.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 234.33 708.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.55 708.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 274.33 708.10 Td (through ) Tj ET Q q 0 0 0 rg BT 308.22 708.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 353.78 708.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 399.26 708.10 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 434.83 708.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 477.03 708.10 Td (service ) Tj ET Q q 0 0 0 rg BT 508.13 708.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.91 708.10 Td (has ) Tj ET Q q 0 0 0 rg BT 542.03 708.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (life ) Tj ET Q q 0 0 0 rg BT 66.21 696.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 107.40 696.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 151.93 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.59 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.69 696.10 Td (United ) Tj ET Q q 0 0 0 rg BT 207.78 696.10 Td (States ) Tj ET Q q 0 0 0 rg BT 234.55 696.10 Td (- ) Tj ET Q q 0 0 0 rg BT 240.76 696.10 Td (namely ) Tj ET Q q 0 0 0 rg BT 272.44 696.10 Td (AnnuityNet, ) Tj ET Q q 0 0 0 rg BT 324.40 696.10 Td (AMP) Tj ET Q q 0 0 0 rg BT 345.71 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.59 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.27 696.10 Td (AN4. ) Tj ET Q q 0 0 0 rg BT 389.89 696.10 Td (These ) Tj ET Q q 0 0 0 rg BT 416.64 696.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 461.17 696.10 Td (are ) Tj ET Q q 0 0 0 rg BT 476.26 696.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 517.46 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.01 696.10 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.85 684.10 Td (between ) Tj ET Q q 0 0 0 rg BT 135.24 684.10 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 169.81 684.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 204.37 684.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 232.55 684.10 Td (general ) Tj ET Q q 0 0 0 rg BT 264.06 684.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 291.69 684.10 Td (\(BGAs\), ) Tj ET Q q 0 0 0 rg BT 336.81 684.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.33 684.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.96 684.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 406.92 684.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 444.00 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.86 684.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 485.93 684.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 538.13 684.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 94.23 672.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.02 672.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 139.38 672.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 178.62 672.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.98 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.78 672.10 Td (United ) Tj ET Q q 0 0 0 rg BT 233.58 672.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 262.56 672.10 Td (while ) Tj ET Q q 0 0 0 rg BT 287.36 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.16 672.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.63 672.10 Td (endeavors ) Tj ET Q q 0 0 0 rg BT 386.75 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.11 672.10 Td (make ) Tj ET Q q 0 0 0 rg BT 421.35 672.10 Td (ef) Tj ET Q q 0 0 0 rg BT 428.94 672.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 449.86 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.22 672.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 490.02 672.10 Td (it ) Tj ET Q q 0 0 0 rg BT 498.16 672.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.52 672.10 Td (other ) Tj ET Q q 0 0 0 rg BT 531.66 672.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 553.68 672.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 660.10 Td (world, ) Tj ET Q q 0 0 0 rg BT 93.30 660.10 Td (such ) Tj ET Q q 0 0 0 rg BT 114.25 660.10 Td (as ) Tj ET Q q 0 0 0 rg BT 125.21 660.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 148.35 660.10 Td (America ) Tj ET Q q 0 0 0 rg BT 185.40 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.89 660.10 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 243.67 660.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 265.18 660.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 304.46 660.10 Td (its ) Tj ET Q q 0 0 0 rg BT 315.95 660.10 Td (AN4 ) Tj ET Q q 0 0 0 rg BT 338.02 660.10 Td (service ) Tj ET Q q 0 0 0 rg BT 368.96 660.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.58 660.10 Td (was ) Tj ET Q q 0 0 0 rg BT 404.75 660.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 426.27 660.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 469.98 660.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 510.93 660.10 Td (by ) Tj ET Q q 0 0 0 rg BT 523.55 660.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 547.56 660.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.96 648.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 86.81 648.10 Td (scalable, ) Tj ET Q q 0 0 0 rg BT 123.80 648.10 Td (customizable ) Tj ET Q q 0 0 0 rg BT 178.85 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.58 648.10 Td (can ) Tj ET Q q 0 0 0 rg BT 211.74 648.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.47 648.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 262.96 648.10 Td (over ) Tj ET Q q 0 0 0 rg BT 283.02 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.53 648.10 Td (cloud. ) Tj ET Q q 0 0 0 rg BT 324.54 648.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 345.71 648.10 Td (has ) Tj ET Q q 0 0 0 rg BT 361.33 648.10 Td (one ) Tj ET Q q 0 0 0 rg BT 378.06 648.10 Td (main ) Tj ET Q q 0 0 0 rg BT 400.35 648.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 445.96 648.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.03 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.53 648.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 502.82 648.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 542.86 648.10 Td (area, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (iPipeline. ) Tj ET Q q 0 0 0 rg BT 90.01 636.10 Td (Again, ) Tj ET Q q 0 0 0 rg BT 119.47 636.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 140.87 636.10 Td (dif) Tj ET Q q 0 0 0 rg BT 151.80 636.10 Td (ferentiates ) Tj ET Q q 0 0 0 rg BT 195.95 636.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 218.47 636.10 Td (from ) Tj ET Q q 0 0 0 rg BT 240.42 636.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.38 636.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 303.22 636.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.74 636.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 341.58 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.42 636.10 Td (having ) Tj ET Q q 0 0 0 rg BT 382.16 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.11 636.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 439.94 636.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 474.69 636.10 Td (of) Tj ET Q q 0 0 0 rg BT 482.84 636.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 509.23 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.52 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.26 636.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.32 624.10 Td (its ) Tj ET Q q 0 0 0 rg BT 80.31 624.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 123.49 624.10 Td (being ) Tj ET Q q 0 0 0 rg BT 147.25 624.10 Td (interfaced ) Tj ET Q q 0 0 0 rg BT 188.76 624.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.08 624.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 235.71 624.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 268.92 624.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.90 624.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 323.10 624.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 371.85 624.10 Td (management ) Tj ET Q q 0 0 0 rg BT 424.48 624.10 Td (\(CRM\) ) Tj ET Q q 0 0 0 rg BT 454.91 624.10 Td (services ) Tj ET Q q 0 0 0 rg BT 488.65 624.10 Td (such ) Tj ET Q q 0 0 0 rg BT 508.52 624.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.39 624.10 Td (EbixCRM. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 71.29 612.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 115.34 612.10 Td (also ) Tj ET Q q 0 0 0 rg BT 133.85 612.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 164.01 612.10 Td (from ) Tj ET Q q 0 0 0 rg BT 185.85 612.10 Td (transacting ) Tj ET Q q 0 0 0 rg BT 232.13 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.75 612.10 Td (lar) Tj ET Q q 0 0 0 rg BT 257.11 612.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 275.63 612.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 311.91 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.65 612.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 365.04 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.22 612.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 407.62 612.10 Td (business ) Tj ET Q q 0 0 0 rg BT 443.92 612.10 Td (on ) Tj ET Q q 0 0 0 rg BT 456.32 612.10 Td (any ) Tj ET Q q 0 0 0 rg BT 473.16 612.10 Td (single ) Tj ET Q q 0 0 0 rg BT 499.45 612.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.60 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 612.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.72 600.10 Td (States.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 576.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 576.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 107.25 576.90 Td (CRM ) Tj ET Q q 0 0 0 rg BT 131.85 576.90 Td (- ) Tj ET Q q 0 0 0 rg BT 137.55 576.90 Td (Ebix) Tj ET Q q 0 0 0 rg BT 159.21 576.90 Td (s ) Tj ET Q q 0 0 0 rg BT 165.47 576.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 204.49 576.90 Td (relationship ) Tj ET Q q 0 0 0 rg BT 254.07 576.90 Td (management ) Tj ET Q q 0 0 0 rg BT 307.52 576.90 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 350.14 576.90 Td (SmartOf) Tj ET Q q 0 0 0 rg BT 384.40 576.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 401.75 576.90 Td (is ) Tj ET Q q 0 0 0 rg BT 410.79 576.90 Td (designed ) Tj ET Q q 0 0 0 rg BT 448.70 576.90 Td (to ) Tj ET Q q 0 0 0 rg BT 458.84 576.90 Td (address ) Tj ET Q q 0 0 0 rg BT 491.20 576.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.78 576.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 539.24 576.90 Td (needs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.79 564.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 101.56 564.90 Td (companies, ) Tj ET Q q 0 0 0 rg BT 149.28 564.90 Td (general ) Tj ET Q q 0 0 0 rg BT 181.17 564.90 Td (agents, ) Tj ET Q q 0 0 0 rg BT 211.67 564.90 Td (banks, ) Tj ET Q q 0 0 0 rg BT 239.96 564.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.40 564.90 Td (advisors ) Tj ET Q q 0 0 0 rg BT 313.19 564.90 Td (and ) Tj ET Q q 0 0 0 rg BT 330.09 564.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.43 564.90 Td (dealers. ) Tj ET Q q 0 0 0 rg BT 409.70 564.90 Td ( ) Tj ET Q q 0 0 0 rg BT 412.16 564.90 Td (Smart ) Tj ET Q q 0 0 0 rg BT 438.50 564.90 Td (Of) Tj ET Q q 0 0 0 rg BT 448.87 564.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 466.32 564.90 Td (is ) Tj ET Q q 0 0 0 rg BT 475.45 564.90 Td (tightly ) Tj ET Q q 0 0 0 rg BT 504.02 564.90 Td (integrated ) Tj ET Q q 0 0 0 rg BT 546.46 564.90 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.90 Td (EbixExchange ) Tj ET Q q 0 0 0 rg BT 110.90 552.90 Td (Life, ) Tj ET Q q 0 0 0 rg BT 132.65 552.90 Td (Health, ) Tj ET Q q 0 0 0 rg BT 164.39 552.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 186.99 552.90 Td (and ) Tj ET Q q 0 0 0 rg BT 203.45 552.90 Td (Annuity ) Tj ET Q q 0 0 0 rg BT 238.82 552.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 283.05 552.90 Td (as ) Tj ET Q q 0 0 0 rg BT 293.97 552.90 Td (a ) Tj ET Q q 0 0 0 rg BT 301.00 552.90 Td (means ) Tj ET Q q 0 0 0 rg BT 329.14 552.90 Td (to ) Tj ET Q q 0 0 0 rg BT 339.51 552.90 Td (make ) Tj ET Q q 0 0 0 rg BT 363.75 552.90 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 409.66 552.90 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 474.44 552.90 Td (information ) Tj ET Q q 0 0 0 rg BT 524.25 552.90 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.90 Td (seamless ) Tj ET Q q 0 0 0 rg BT 87.10 540.90 Td (for ) Tj ET Q q 0 0 0 rg BT 100.32 540.90 Td (our ) Tj ET Q q 0 0 0 rg BT 115.20 540.90 Td (clients. ) Tj ET Q q 0 0 0 rg BT 145.25 540.90 Td (This ) Tj ET Q q 0 0 0 rg BT 164.58 540.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 204.45 540.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 238.79 540.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 271.44 540.90 Td (domain ) Tj ET Q q 0 0 0 rg BT 302.99 540.90 Td (expertise ) Tj ET Q q 0 0 0 rg BT 340.63 540.90 Td (gives ) Tj ET Q q 0 0 0 rg BT 363.30 540.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 383.74 540.90 Td (a ) Tj ET Q q 0 0 0 rg BT 389.73 540.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 438.50 540.90 Td (advantage ) Tj ET Q q 0 0 0 rg BT 480.58 540.90 Td (over ) Tj ET Q q 0 0 0 rg BT 499.91 540.90 Td (our ) Tj ET Q q 0 0 0 rg BT 514.79 540.90 Td (competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.90 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 528.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 528.90 Td (CRM ) Tj ET Q q 0 0 0 rg BT 99.73 528.90 Td (area ) Tj ET Q q 0 0 0 rg BT 118.87 528.90 Td (such ) Tj ET Q q 0 0 0 rg BT 139.70 528.90 Td (as ) Tj ET Q q 0 0 0 rg BT 150.53 528.90 Td (Salesforce.com, ) Tj ET Q q 0 0 0 rg BT 216.89 528.90 Td (iPipeline ) Tj ET Q q 0 0 0 rg BT 254.95 528.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.88 528.90 Td (Redtail. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 506.90 Td (Employee ) Tj ET Q q 0 0 0 rg BT 127.81 506.90 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 162.39 506.90 Td (- ) Tj ET Q q 0 0 0 rg BT 166.99 506.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 187.14 506.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 224.50 506.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 260.20 506.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 300.33 506.90 Td (benefit ) Tj ET Q q 0 0 0 rg BT 329.36 506.90 Td (and ) Tj ET Q q 0 0 0 rg BT 345.06 506.90 Td (health ) Tj ET Q q 0 0 0 rg BT 370.76 506.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 410.34 506.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 449.36 506.90 Td (services ) Tj ET Q q 0 0 0 rg BT 482.83 506.90 Td (using ) Tj ET Q q 0 0 0 rg BT 505.76 506.90 Td (four ) Tj ET Q q 0 0 0 rg BT 523.69 506.90 Td (platforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.90 Td (namely ) Tj ET Q q 0 0 0 rg BT 82.48 494.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.53 494.90 Td (Facts, ) Tj ET Q q 0 0 0 rg BT 112.19 494.90 Td (LuminX ) Tj ET Q q 0 0 0 rg BT 149.13 494.90 Td (, ) Tj ET Q q 0 0 0 rg BT 154.68 494.90 Td (HealthConnect ) Tj ET Q q 0 0 0 rg BT 217.71 494.90 Td (and ) Tj ET Q q 0 0 0 rg BT 235.19 494.90 Td (EbixEnterprise. ) Tj ET Q q 0 0 0 rg BT 300.72 494.90 Td ( ) Tj ET Q q 0 0 0 rg BT 303.77 494.90 Td (EbixEnterprise, ) Tj ET Q q 0 0 0 rg BT 369.30 494.90 Td (which ) Tj ET Q q 0 0 0 rg BT 396.79 494.90 Td (we ) Tj ET Q q 0 0 0 rg BT 411.50 494.90 Td (built ) Tj ET Q q 0 0 0 rg BT 432.88 494.90 Td (from ) Tj ET Q q 0 0 0 rg BT 455.37 494.90 Td (the ) Tj ET Q q 0 0 0 rg BT 470.64 494.90 Td (ground ) Tj ET Q q 0 0 0 rg BT 502.02 494.90 Td (up, ) Tj ET Q q 0 0 0 rg BT 517.57 494.90 Td (is ) Tj ET Q q 0 0 0 rg BT 527.29 494.90 Td (the ) Tj ET Q q 0 0 0 rg BT 542.55 494.90 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.90 Td (recent ) Tj ET Q q 0 0 0 rg BT 76.03 482.90 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 118.73 482.90 Td (Health ) Tj ET Q q 0 0 0 rg BT 146.98 482.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 188.01 482.90 Td (being ) Tj ET Q q 0 0 0 rg BT 211.83 482.90 Td (deployed ) Tj ET Q q 0 0 0 rg BT 250.09 482.90 Td (by ) Tj ET Q q 0 0 0 rg BT 261.70 482.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 282.19 482.90 Td (across ) Tj ET Q q 0 0 0 rg BT 308.78 482.90 Td (all ) Tj ET Q q 0 0 0 rg BT 320.38 482.90 Td (50 ) Tj ET Q q 0 0 0 rg BT 331.98 482.90 Td (states. ) Tj ET Q q 0 0 0 rg BT 358.31 482.90 Td ( ) Tj ET Q q 0 0 0 rg BT 359.91 482.90 Td (Collectively) Tj ET Q q 0 0 0 rg BT 408.14 482.90 Td (, ) Tj ET Q q 0 0 0 rg BT 412.24 482.90 Td (these ) Tj ET Q q 0 0 0 rg BT 434.39 482.90 Td (platforms ) Tj ET Q q 0 0 0 rg BT 474.32 482.90 Td (service ) Tj ET Q q 0 0 0 rg BT 504.24 482.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 70.16 470.90 Td (million ) Tj ET Q q 0 0 0 rg BT 101.99 470.90 Td (lives ) Tj ET Q q 0 0 0 rg BT 123.82 470.90 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 470.90 Td (produce ) Tj ET Q q 0 0 0 rg BT 176.35 470.90 Td (hundreds ) Tj ET Q q 0 0 0 rg BT 215.95 470.90 Td (of ) Tj ET Q q 0 0 0 rg BT 227.22 470.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 270.16 470.90 Td (of ) Tj ET Q q 0 0 0 rg BT 281.43 470.90 Td (health ) Tj ET Q q 0 0 0 rg BT 308.80 470.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 350.06 470.90 Td (quotes ) Tj ET Q q 0 0 0 rg BT 379.11 470.90 Td (annually) Tj ET Q q 0 0 0 rg BT 412.89 470.90 Td (. ) Tj ET Q q 0 0 0 rg BT 418.33 470.90 Td ( ) Tj ET Q q 0 0 0 rg BT 421.28 470.90 Td ( ) Tj ET Q q 0 0 0 rg BT 424.00 470.90 Td (These ) Tj ET Q q 0 0 0 rg BT 450.82 470.90 Td (platforms ) Tj ET Q q 0 0 0 rg BT 492.09 470.90 Td (are ) Tj ET Q q 0 0 0 rg BT 507.24 470.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 526.85 470.90 Td (to ) Tj ET Q q 0 0 0 rg BT 537.57 470.90 Td (health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.90 Td (carriers ) Tj ET Q q 0 0 0 rg BT 82.89 458.90 Td (and ) Tj ET Q q 0 0 0 rg BT 100.25 458.90 Td (third ) Tj ET Q q 0 0 0 rg BT 122.05 458.90 Td (party ) Tj ET Q q 0 0 0 rg BT 145.52 458.90 Td (administrators. ) Tj ET Q q 0 0 0 rg BT 207.94 458.90 Td (These ) Tj ET Q q 0 0 0 rg BT 234.73 458.90 Td (platforms ) Tj ET Q q 0 0 0 rg BT 275.97 458.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 309.44 458.90 Td (the ) Tj ET Q q 0 0 0 rg BT 324.57 458.90 Td (full ) Tj ET Q q 0 0 0 rg BT 341.38 458.90 Td (range ) Tj ET Q q 0 0 0 rg BT 366.50 458.90 Td (of ) Tj ET Q q 0 0 0 rg BT 377.75 458.90 Td (services ) Tj ET Q q 0 0 0 rg BT 412.87 458.90 Td (such ) Tj ET Q q 0 0 0 rg BT 434.12 458.90 Td (as ) Tj ET Q q 0 0 0 rg BT 445.37 458.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 487.16 458.90 Td (enrollment, ) Tj ET Q q 0 0 0 rg BT 535.90 458.90 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.90 Td (adjudication, ) Tj ET Q q 0 0 0 rg BT 104.79 446.90 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 154.02 446.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 195.75 446.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 230.27 446.90 Td (administration ) Tj ET Q q 0 0 0 rg BT 290.90 446.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 337.63 446.90 Td (and ) Tj ET Q q 0 0 0 rg BT 354.93 446.90 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 406.38 446.90 Td ( ) Tj ET Q q 0 0 0 rg BT 409.03 446.90 Td (The ) Tj ET Q q 0 0 0 rg BT 427.44 446.90 Td (HealthConnect ) Tj ET Q q 0 0 0 rg BT 490.28 446.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 531.46 446.90 Td (quoting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.90 Td (portals ) Tj ET Q q 0 0 0 rg BT 79.09 434.90 Td (service ) Tj ET Q q 0 0 0 rg BT 109.28 434.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.37 434.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 165.79 434.90 Td (and ) Tj ET Q q 0 0 0 rg BT 182.10 434.90 Td (small ) Tj ET Q q 0 0 0 rg BT 205.64 434.90 Td (group ) Tj ET Q q 0 0 0 rg BT 230.84 434.90 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 284.07 434.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 304.83 434.90 Td (has ) Tj ET Q q 0 0 0 rg BT 320.03 434.90 Td (a ) Tj ET Q q 0 0 0 rg BT 326.35 434.90 Td (number ) Tj ET Q q 0 0 0 rg BT 358.76 434.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.97 434.90 Td (competitors ) Tj ET Q q 0 0 0 rg BT 418.05 434.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.25 434.90 Td (varying ) Tj ET Q q 0 0 0 rg BT 460.67 434.90 Td (sizes ) Tj ET Q q 0 0 0 rg BT 481.98 434.90 Td (in ) Tj ET Q q 0 0 0 rg BT 491.64 434.90 Td (this ) Tj ET Q q 0 0 0 rg BT 507.96 434.90 Td (area. ) Tj ET Q q 0 0 0 rg BT 528.97 434.90 Td ( ) Tj ET Q q 0 0 0 rg BT 530.71 434.90 Td (T) Tj ET Q q 0 0 0 rg BT 536.47 434.90 Td (rizetto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.90 Td (is ) Tj ET Q q 0 0 0 rg BT 59.19 422.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.81 422.90 Td (the ) Tj ET Q q 0 0 0 rg BT 112.54 422.90 Td (lar) Tj ET Q q 0 0 0 rg BT 122.91 422.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 141.54 422.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 182.93 422.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 217.11 422.90 Td (software ) Tj ET Q q 0 0 0 rg BT 254.06 422.90 Td (player ) Tj ET Q q 0 0 0 rg BT 281.56 422.90 Td (in ) Tj ET Q q 0 0 0 rg BT 291.86 422.90 Td (the ) Tj ET Q q 0 0 0 rg BT 306.60 422.90 Td (market ) Tj ET Q q 0 0 0 rg BT 336.89 422.90 Td (in ) Tj ET Q q 0 0 0 rg BT 347.19 422.90 Td (the ) Tj ET Q q 0 0 0 rg BT 361.92 422.90 Td (US ) Tj ET Q q 0 0 0 rg BT 377.23 422.90 Td (while ) Tj ET Q q 0 0 0 rg BT 401.97 422.90 Td (there ) Tj ET Q q 0 0 0 rg BT 424.47 422.90 Td (are ) Tj ET Q q 0 0 0 rg BT 439.20 422.90 Td (other ) Tj ET Q q 0 0 0 rg BT 462.27 422.90 Td (smaller ) Tj ET Q q 0 0 0 rg BT 494.22 422.90 Td (size ) Tj ET Q q 0 0 0 rg BT 512.29 422.90 Td (competitors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.90 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 410.90 Td (as ) Tj ET Q q 0 0 0 rg BT 81.66 410.90 Td (BenefitFocus ) Tj ET Q q 0 0 0 rg BT 137.49 410.90 Td (and ) Tj ET Q q 0 0 0 rg BT 154.42 410.90 Td (Ultimate ) Tj ET Q q 0 0 0 rg BT 191.91 410.90 Td (Software. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 389.90 Td (A.D.A.M. ) Tj ET Q q 0 0 0 rg BT 130.64 389.90 Td (Health ) Tj ET Q q 0 0 0 rg BT 161.37 389.90 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 203.24 389.90 Td (- ) Tj ET Q q 0 0 0 rg BT 210.65 389.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 233.61 389.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 272.13 389.90 Td (multimedia ) Tj ET Q q 0 0 0 rg BT 321.76 389.90 Td (health ) Tj ET Q q 0 0 0 rg BT 350.27 389.90 Td (content, ) Tj ET Q q 0 0 0 rg BT 386.28 389.90 Td (training, ) Tj ET Q q 0 0 0 rg BT 423.96 389.90 Td (patient ) Tj ET Q q 0 0 0 rg BT 455.25 389.90 Td (education, ) Tj ET Q q 0 0 0 rg BT 500.71 389.90 Td (and ) Tj ET Q q 0 0 0 rg BT 519.22 389.90 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.90 Td (education ) Tj ET Q q 0 0 0 rg BT 92.01 377.90 Td (that ) Tj ET Q q 0 0 0 rg BT 110.15 377.90 Td (tar) Tj ET Q q 0 0 0 rg BT 120.52 377.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 139.77 377.90 Td (lar) Tj ET Q q 0 0 0 rg BT 150.13 377.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 162.71 377.90 Td (diversified ) Tj ET Q q 0 0 0 rg BT 208.62 377.90 Td (websites, ) Tj ET Q q 0 0 0 rg BT 248.70 377.90 Td (doctors, ) Tj ET Q q 0 0 0 rg BT 283.78 377.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 325.80 377.90 Td (health ) Tj ET Q q 0 0 0 rg BT 353.38 377.90 Td (portals, ) Tj ET Q q 0 0 0 rg BT 386.24 377.90 Td (country ) Tj ET Q q 0 0 0 rg BT 419.92 377.90 Td (governments, ) Tj ET Q q 0 0 0 rg BT 477.22 377.90 Td (hospitals, ) Tj ET Q q 0 0 0 rg BT 518.42 377.90 Td (healthcare, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.90 Td (biomedical, ) Tj ET Q q 0 0 0 rg BT 99.01 365.90 Td (medical ) Tj ET Q q 0 0 0 rg BT 132.73 365.90 Td (device, ) Tj ET Q q 0 0 0 rg BT 163.41 365.90 Td (pharmaceutical, ) Tj ET Q q 0 0 0 rg BT 229.06 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 245.57 365.90 Td (education ) Tj ET Q q 0 0 0 rg BT 286.52 365.90 Td (or) Tj ET Q q 0 0 0 rg BT 294.67 365.90 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 344.33 365.90 Td (A.D.A.M.) Tj ET Q q 0 0 0 rg BT 387.67 365.90 Td (s ) Tj ET Q q 0 0 0 rg BT 393.64 365.90 Td ( ) Tj ET Q q 0 0 0 rg BT 395.72 365.90 Td (competitors ) Tj ET Q q 0 0 0 rg BT 445.01 365.90 Td (are ) Tj ET Q q 0 0 0 rg BT 459.29 365.90 Td (a ) Tj ET Q q 0 0 0 rg BT 465.81 365.90 Td (variety ) Tj ET Q q 0 0 0 rg BT 495.65 365.90 Td (of ) Tj ET Q q 0 0 0 rg BT 506.06 365.90 Td (health ) Tj ET Q q 0 0 0 rg BT 532.57 365.90 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.42 353.90 Td (such ) Tj ET Q q 0 0 0 rg BT 116.41 353.90 Td (as ) Tj ET Q q 0 0 0 rg BT 127.40 353.90 Td (Krames ) Tj ET Q q 0 0 0 rg BT 161.16 353.90 Td (Staywell, ) Tj ET Q q 0 0 0 rg BT 201.31 353.90 Td (Red ) Tj ET Q q 0 0 0 rg BT 220.08 353.90 Td (Nucleus ) Tj ET Q q 0 0 0 rg BT 255.51 353.90 Td (and ) Tj ET Q q 0 0 0 rg BT 272.02 353.90 Td (Anatomy ) Tj ET Q q 0 0 0 rg BT 311.89 353.90 Td (One, ) Tj ET Q q 0 0 0 rg BT 333.71 353.90 Td (who ) Tj ET Q q 0 0 0 rg BT 353.59 353.90 Td (are ) Tj ET Q q 0 0 0 rg BT 368.46 353.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 408.33 353.90 Td (focused ) Tj ET Q q 0 0 0 rg BT 442.08 353.90 Td (on ) Tj ET Q q 0 0 0 rg BT 454.74 353.90 Td (the ) Tj ET Q q 0 0 0 rg BT 469.62 353.90 Td (US ) Tj ET Q q 0 0 0 rg BT 485.06 353.90 Td (markets. ) Tj ET Q q 0 0 0 rg BT 521.87 353.90 Td ( ) Tj ET Q q 0 0 0 rg BT 523.95 353.90 Td (A.D.A.M ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.90 Td (content ) Tj ET Q q 0 0 0 rg BT 81.93 341.90 Td (is ) Tj ET Q q 0 0 0 rg BT 91.10 341.90 Td (available ) Tj ET Q q 0 0 0 rg BT 129.69 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 139.97 341.90 Td (Spanish, ) Tj ET Q q 0 0 0 rg BT 176.64 341.90 Td (Portuguese, ) Tj ET Q q 0 0 0 rg BT 226.08 341.90 Td (German ) Tj ET Q q 0 0 0 rg BT 260.79 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 277.72 341.90 Td (other ) Tj ET Q q 0 0 0 rg BT 300.77 341.90 Td (languages ) Tj ET Q q 0 0 0 rg BT 343.26 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 352.98 341.90 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 376.31 341.90 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 410.19 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 424.91 341.90 Td (Middle ) Tj ET Q q 0 0 0 rg BT 456.29 341.90 Td (East ) Tj ET Q q 0 0 0 rg BT 476.01 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 492.95 341.90 Td (South ) Tj ET Q q 0 0 0 rg BT 518.24 341.90 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 311.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 107.70 311.90 Td (Exchanges ) Tj ET Q q 0 0 0 rg BT 152.70 311.90 Td ( ) Tj ET Q q 0 0 0 rg BT 164.39 311.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 184.97 311.90 Td (operates ) Tj ET Q q 0 0 0 rg BT 219.97 311.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 241.67 311.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 285.00 311.90 Td (in ) Tj ET Q q 0 0 0 rg BT 294.10 311.90 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 334.94 311.90 Td (New ) Tj ET Q q 0 0 0 rg BT 355.51 311.90 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 391.90 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 405.81 311.90 Td (United ) Tj ET Q q 0 0 0 rg BT 434.71 311.90 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 476.68 311.90 Td (and ) Tj ET Q q 0 0 0 rg BT 492.80 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 506.71 311.90 Td (United ) Tj ET Q q 0 0 0 rg BT 535.62 311.90 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.90 Td (All ) Tj ET Q q 0 0 0 rg BT 65.58 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 76.71 299.90 Td (these ) Tj ET Q q 0 0 0 rg BT 100.06 299.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 144.51 299.90 Td (are ) Tj ET Q q 0 0 0 rg BT 159.52 299.90 Td (tar) Tj ET Q q 0 0 0 rg BT 169.88 299.90 Td (geted ) Tj ET Q q 0 0 0 rg BT 194.34 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 204.92 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 219.94 299.90 Td (areas ) Tj ET Q q 0 0 0 rg BT 243.28 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 254.41 299.90 Td (personal ) Tj ET Q q 0 0 0 rg BT 291.09 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 308.33 299.90 Td (commercial ) Tj ET Q q 0 0 0 rg BT 358.33 299.90 Td (lines, ) Tj ET Q q 0 0 0 rg BT 382.52 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 399.76 299.90 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 437.53 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.55 299.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 493.11 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 504.24 299.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 545.36 299.90 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.90 Td (between ) Tj ET Q q 0 0 0 rg BT 84.75 287.90 Td (brokers ) Tj ET Q q 0 0 0 rg BT 116.18 287.90 Td (and ) Tj ET Q q 0 0 0 rg BT 132.06 287.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 171.81 287.90 Td (carriers. ) Tj ET Q q 0 0 0 rg BT 205.72 287.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 226.04 287.90 Td (continues ) Tj ET Q q 0 0 0 rg BT 265.81 287.90 Td (to ) Tj ET Q q 0 0 0 rg BT 275.02 287.90 Td (deploy ) Tj ET Q q 0 0 0 rg BT 303.68 287.90 Td (these ) Tj ET Q q 0 0 0 rg BT 325.66 287.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 368.74 287.90 Td (in ) Tj ET Q q 0 0 0 rg BT 377.96 287.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.61 287.90 Td (United ) Tj ET Q q 0 0 0 rg BT 420.26 287.90 Td (States, ) Tj ET Q q 0 0 0 rg BT 447.77 287.90 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 470.04 287.90 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 502.85 287.90 Td (Latin ) Tj ET Q q 0 0 0 rg BT 525.08 287.90 Td (America, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.93 275.90 Td (Africa. ) Tj ET Q q 0 0 0 rg BT 97.94 275.90 Td (There ) Tj ET Q q 0 0 0 rg BT 124.46 275.90 Td (is ) Tj ET Q q 0 0 0 rg BT 134.33 275.90 Td (presently ) Tj ET Q q 0 0 0 rg BT 174.19 275.90 Td (little ) Tj ET Q q 0 0 0 rg BT 195.73 275.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 246.70 275.90 Td (in ) Tj ET Q q 0 0 0 rg BT 257.68 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 273.10 275.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 296.31 275.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 337.27 275.90 Td (area ) Tj ET Q q 0 0 0 rg BT 357.12 275.90 Td (in ) Tj ET Q q 0 0 0 rg BT 367.39 275.90 Td (Australia ) Tj ET Q q 0 0 0 rg BT 407.25 275.90 Td (and ) Tj ET Q q 0 0 0 rg BT 424.89 275.90 Td (New ) Tj ET Q q 0 0 0 rg BT 446.98 275.90 Td (Zealand. ) Tj ET Q q 0 0 0 rg BT 484.88 275.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 503.64 275.90 Td (PPL) Tj ET Q q 0 0 0 rg BT 520.50 275.90 Td ( ) Tj ET Q q 0 0 0 rg BT 523.70 275.90 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.90 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 104.11 263.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 144.32 263.90 Td (platform ) Tj ET Q q 0 0 0 rg BT 181.21 263.90 Td (is ) Tj ET Q q 0 0 0 rg BT 190.33 263.90 Td (deployed ) Tj ET Q q 0 0 0 rg BT 229.44 263.90 Td (in ) Tj ET Q q 0 0 0 rg BT 239.68 263.90 Td (London. ) Tj ET Q q 0 0 0 rg BT 275.74 263.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 293.75 263.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 343.41 263.90 Td (dif) Tj ET Q q 0 0 0 rg BT 354.34 263.90 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 402.88 263.90 Td (exists ) Tj ET Q q 0 0 0 rg BT 428.11 263.90 Td (by ) Tj ET Q q 0 0 0 rg BT 440.57 263.90 Td (virtue ) Tj ET Q q 0 0 0 rg BT 466.35 263.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.13 263.90 Td (having ) Tj ET Q q 0 0 0 rg BT 506.81 263.90 Td (an ) Tj ET Q q 0 0 0 rg BT 518.70 263.90 Td (end-to-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.90 Td (solution ) Tj ET Q q 0 0 0 rg BT 84.73 251.90 Td (of) Tj ET Q q 0 0 0 rg BT 92.88 251.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 119.25 251.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.53 251.90 Td (the ) Tj ET Q q 0 0 0 rg BT 144.25 251.90 Td (market ) Tj ET Q q 0 0 0 rg BT 174.51 251.90 Td (allowing ) Tj ET Q q 0 0 0 rg BT 212.01 251.90 Td (our ) Tj ET Q q 0 0 0 rg BT 227.84 251.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 271.98 251.90 Td (to ) Tj ET Q q 0 0 0 rg BT 282.26 251.90 Td (be ) Tj ET Q q 0 0 0 rg BT 294.20 251.90 Td (interfaced ) Tj ET Q q 0 0 0 rg BT 336.67 251.90 Td (with ) Tj ET Q q 0 0 0 rg BT 356.95 251.90 Td (multiple ) Tj ET Q q 0 0 0 rg BT 392.78 251.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 421.38 251.90 Td (systems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 229.90 Td (Br) Tj ET Q q 0 0 0 rg BT 109.93 229.90 Td (oker) Tj ET Q q 0 0 0 rg BT 129.19 229.90 Td ( ) Tj ET Q q 0 0 0 rg BT 131.90 229.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 156.27 229.90 Td (Systems:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.04 229.90 Td ( ) Tj ET Q q 0 0 0 rg BT 196.75 229.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 218.35 229.90 Td (has ) Tj ET Q q 0 0 0 rg BT 234.39 229.90 Td (three ) Tj ET Q q 0 0 0 rg BT 257.08 229.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 285.89 229.90 Td (system ) Tj ET Q q 0 0 0 rg BT 316.38 229.90 Td (of) Tj ET Q q 0 0 0 rg BT 324.53 229.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 355.01 229.90 Td (for ) Tj ET Q q 0 0 0 rg BT 369.38 229.90 Td (P&C ) Tj ET Q q 0 0 0 rg BT 392.10 229.90 Td (brokers ) Tj ET Q q 0 0 0 rg BT 424.80 229.90 Td (worldwide: ) Tj ET Q q 0 0 0 rg BT 473.05 229.90 Td (eGlobal, ) Tj ET Q q 0 0 0 rg BT 509.72 229.90 Td (W) Tj ET Q q 0 0 0 rg BT 518.76 229.90 Td (inBeat ) Tj ET Q q 0 0 0 rg BT 547.57 229.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.90 Td (EbixASP) Tj ET Q q 0 0 0 rg BT 86.12 217.90 Td (. ) Tj ET Q q 0 0 0 rg BT 91.05 217.90 Td (The ) Tj ET Q q 0 0 0 rg BT 109.22 217.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 159.61 217.90 Td (for ) Tj ET Q q 0 0 0 rg BT 173.89 217.90 Td (these ) Tj ET Q q 0 0 0 rg BT 197.06 217.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 225.78 217.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 260.07 217.90 Td (varies ) Tj ET Q q 0 0 0 rg BT 286.57 217.90 Td (within ) Tj ET Q q 0 0 0 rg BT 314.75 217.90 Td (each ) Tj ET Q q 0 0 0 rg BT 335.68 217.90 Td (of ) Tj ET Q q 0 0 0 rg BT 346.64 217.90 Td (the ) Tj ET Q q 0 0 0 rg BT 361.47 217.90 Td (regions ) Tj ET Q q 0 0 0 rg BT 393.53 217.90 Td (in ) Tj ET Q q 0 0 0 rg BT 403.93 217.90 Td (which ) Tj ET Q q 0 0 0 rg BT 430.99 217.90 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 452.50 217.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 489.56 217.90 Td (such ) Tj ET Q q 0 0 0 rg BT 510.51 217.90 Td (products ) Tj ET Q q 0 0 0 rg BT 547.57 217.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.90 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 183.90 Td (eGlobal ) Tj ET Q q 0 0 0 rg BT 133.20 183.90 Td (is ) Tj ET Q q 0 0 0 rg BT 142.41 183.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 161.63 183.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 208.06 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.82 183.90 Td (world. ) Tj ET Q q 0 0 0 rg BT 251.01 183.90 Td (The ) Tj ET Q q 0 0 0 rg BT 269.10 183.90 Td (product ) Tj ET Q q 0 0 0 rg BT 302.19 183.90 Td (is ) Tj ET Q q 0 0 0 rg BT 311.40 183.90 Td (multilingual ) Tj ET Q q 0 0 0 rg BT 362.83 183.90 Td (and ) Tj ET Q q 0 0 0 rg BT 379.82 183.90 Td (multicurrency ) Tj ET Q q 0 0 0 rg BT 438.45 183.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.43 183.90 Td (is ) Tj ET Q q 0 0 0 rg BT 464.65 183.90 Td (available ) Tj ET Q q 0 0 0 rg BT 503.28 183.90 Td (in ) Tj ET Q q 0 0 0 rg BT 513.60 183.90 Td (a ) Tj ET Q q 0 0 0 rg BT 520.58 183.90 Td (number ) Tj ET Q q 0 0 0 rg BT 553.67 183.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.90 Td (languages ) Tj ET Q q 0 0 0 rg BT 92.01 171.90 Td (such ) Tj ET Q q 0 0 0 rg BT 112.36 171.90 Td (as ) Tj ET Q q 0 0 0 rg BT 122.71 171.90 Td (English, ) Tj ET Q q 0 0 0 rg BT 157.78 171.90 Td (Chinese, ) Tj ET Q q 0 0 0 rg BT 194.52 171.90 Td (Japanese, ) Tj ET Q q 0 0 0 rg BT 234.58 171.90 Td (French, ) Tj ET Q q 0 0 0 rg BT 266.87 171.90 Td (Portuguese, ) Tj ET Q q 0 0 0 rg BT 315.83 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.29 171.90 Td (Spanish. ) Tj ET Q q 0 0 0 rg BT 368.48 171.90 Td (eGlobal ) Tj ET Q q 0 0 0 rg BT 402.15 171.90 Td (is ) Tj ET Q q 0 0 0 rg BT 410.84 171.90 Td (tar) Tj ET Q q 0 0 0 rg BT 421.21 171.90 Td (geted ) Tj ET Q q 0 0 0 rg BT 444.88 171.90 Td (to ) Tj ET Q q 0 0 0 rg BT 454.68 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 468.92 171.90 Td (medium ) Tj ET Q q 0 0 0 rg BT 503.71 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 520.17 171.90 Td (lar) Tj ET Q q 0 0 0 rg BT 530.54 171.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 542.00 171.90 Td (P&C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.90 Td (brokers ) Tj ET Q q 0 0 0 rg BT 82.93 159.90 Td (around ) Tj ET Q q 0 0 0 rg BT 113.65 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 128.81 159.90 Td (world. ) Tj ET Q q 0 0 0 rg BT 157.58 159.90 Td (eGlobal ) Tj ET Q q 0 0 0 rg BT 192.18 159.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 242.90 159.90 Td (tends ) Tj ET Q q 0 0 0 rg BT 266.95 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 277.67 159.90 Td (be ) Tj ET Q q 0 0 0 rg BT 290.05 159.90 Td (dif) Tj ET Q q 0 0 0 rg BT 300.98 159.90 Td (ferent ) Tj ET Q q 0 0 0 rg BT 327.24 159.90 Td (in ) Tj ET Q q 0 0 0 rg BT 337.96 159.90 Td (each ) Tj ET Q q 0 0 0 rg BT 359.22 159.90 Td (country ) Tj ET Q q 0 0 0 rg BT 392.71 159.90 Td (with ) Tj ET Q q 0 0 0 rg BT 413.44 159.90 Td (no ) Tj ET Q q 0 0 0 rg BT 426.38 159.90 Td (single ) Tj ET Q q 0 0 0 rg BT 453.21 159.90 Td (competitor ) Tj ET Q q 0 0 0 rg BT 499.48 159.90 Td (having ) Tj ET Q q 0 0 0 rg BT 529.64 159.90 Td (a ) Tj ET Q q 0 0 0 rg BT 537.02 159.90 Td (global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.90 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 147.90 Td (fering. ) Tj ET Q q 0 0 0 rg BT 86.70 147.90 Td (eGlobal ) Tj ET Q q 0 0 0 rg BT 120.53 147.90 Td (competes ) Tj ET Q q 0 0 0 rg BT 160.47 147.90 Td (with ) Tj ET Q q 0 0 0 rg BT 180.42 147.90 Td (home ) Tj ET Q q 0 0 0 rg BT 204.81 147.90 Td (grown ) Tj ET Q q 0 0 0 rg BT 232.54 147.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 266.38 147.90 Td (and ) Tj ET Q q 0 0 0 rg BT 283.00 147.90 Td (regional ) Tj ET Q q 0 0 0 rg BT 317.93 147.90 Td (players ) Tj ET Q q 0 0 0 rg BT 348.98 147.90 Td (in ) Tj ET Q q 0 0 0 rg BT 358.94 147.90 Td (each ) Tj ET Q q 0 0 0 rg BT 379.43 147.90 Td (country) Tj ET Q q 0 0 0 rg BT 409.32 147.90 Td (. ) Tj ET Q q 0 0 0 rg BT 414.00 147.90 Td (Its ) Tj ET Q q 0 0 0 rg BT 426.17 147.90 Td (uniqueness ) Tj ET Q q 0 0 0 rg BT 472.79 147.90 Td (comes ) Tj ET Q q 0 0 0 rg BT 500.51 147.90 Td (from ) Tj ET Q q 0 0 0 rg BT 522.12 147.90 Td (of ) Tj ET Q q 0 0 0 rg BT 532.62 147.90 Td (the ) Tj ET Q q 0 0 0 rg BT 547.02 147.90 Td (fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.90 Td (that ) Tj ET Q q 0 0 0 rg BT 67.56 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 82.34 135.90 Td (product ) Tj ET Q q 0 0 0 rg BT 115.45 135.90 Td (is ) Tj ET Q q 0 0 0 rg BT 124.68 135.90 Td (both ) Tj ET Q q 0 0 0 rg BT 145.02 135.90 Td (multilingual ) Tj ET Q q 0 0 0 rg BT 196.47 135.90 Td (and ) Tj ET Q q 0 0 0 rg BT 213.47 135.90 Td (multicurrency ) Tj ET Q q 0 0 0 rg BT 272.12 135.90 Td (yet ) Tj ET Q q 0 0 0 rg BT 286.90 135.90 Td (still ) Tj ET Q q 0 0 0 rg BT 304.47 135.90 Td (has ) Tj ET Q q 0 0 0 rg BT 320.36 135.90 Td (a ) Tj ET Q q 0 0 0 rg BT 327.36 135.90 Td (common ) Tj ET Q q 0 0 0 rg BT 364.92 135.90 Td (code ) Tj ET Q q 0 0 0 rg BT 386.36 135.90 Td (base ) Tj ET Q q 0 0 0 rg BT 406.69 135.90 Td (around ) Tj ET Q q 0 0 0 rg BT 437.02 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.80 135.90 Td (world ) Tj ET Q q 0 0 0 rg BT 477.69 135.90 Td (with ) Tj ET Q q 0 0 0 rg BT 498.03 135.90 Td (features ) Tj ET Q q 0 0 0 rg BT 532.24 135.90 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 135.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.90 Td (easily ) Tj ET Q q 0 0 0 rg BT 75.83 123.90 Td (activated ) Tj ET Q q 0 0 0 rg BT 114.41 123.90 Td (and ) Tj ET Q q 0 0 0 rg BT 131.35 123.90 Td (deactivated.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 708.10 Td (EbixASP) Tj ET Q q 0 0 0 rg BT 135.86 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.99 708.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.78 708.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 170.45 708.10 Td (s ) Tj ET Q q 0 0 0 rg BT 177.47 708.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 200.60 708.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 229.83 708.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 264.62 708.10 Td (of) Tj ET Q q 0 0 0 rg BT 272.77 708.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 299.78 708.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.56 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.91 708.10 Td (US ) Tj ET Q q 0 0 0 rg BT 345.82 708.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 382.87 708.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.55 708.10 Td (service ) Tj ET Q q 0 0 0 rg BT 432.99 708.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.78 708.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 481.46 708.10 Td (around ) Tj ET Q q 0 0 0 rg BT 512.35 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.00 708.10 Td (ACORD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.39 696.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 130.24 696.10 Td (used ) Tj ET Q q 0 0 0 rg BT 150.65 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.50 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.80 696.10 Td (United ) Tj ET Q q 0 0 0 rg BT 204.09 696.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 232.56 696.10 Td (EbixASP) Tj ET Q q 0 0 0 rg BT 269.42 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.49 696.10 Td (has ) Tj ET Q q 0 0 0 rg BT 286.90 696.10 Td (two ) Tj ET Q q 0 0 0 rg BT 303.98 696.10 Td (main ) Tj ET Q q 0 0 0 rg BT 326.05 696.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 375.34 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.20 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.49 696.10 Td (US ) Tj ET Q q 0 0 0 rg BT 414.35 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.43 696.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 474.45 696.10 Td (V) Tj ET Q q 0 0 0 rg BT 480.56 696.10 Td (ertafore ) Tj ET Q q 0 0 0 rg BT 513.72 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.78 696.10 Td (Applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (Systems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 662.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 121.54 662.10 Td (Services:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.86 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.40 662.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 184.06 662.10 Td (s ) Tj ET Q q 0 0 0 rg BT 190.49 662.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 214.69 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.01 662.10 Td (this ) Tj ET Q q 0 0 0 rg BT 242.00 662.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 275.63 662.10 Td (pertains ) Tj ET Q q 0 0 0 rg BT 309.83 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.14 662.10 Td (business ) Tj ET Q q 0 0 0 rg BT 356.57 662.10 Td (process ) Tj ET Q q 0 0 0 rg BT 389.10 662.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 438.86 662.10 Td (services ) Tj ET Q q 0 0 0 rg BT 473.60 662.10 Td (that ) Tj ET Q q 0 0 0 rg BT 491.14 662.10 Td (include ) Tj ET Q q 0 0 0 rg BT 523.11 662.10 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 186.20 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.71 638.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 232.21 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.71 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.66 638.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 292.59 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.76 638.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 345.25 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.31 638.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 402.89 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.95 638.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 455.00 638.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.72 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.23 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.18 638.10 Td (United ) Tj ET Q q 0 0 0 rg BT 538.12 638.10 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.00 626.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 111.94 626.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 149.38 626.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 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568.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 120.67 568.10 Td (s ) Tj ET Q q 0 0 0 rg BT 127.19 568.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 148.72 568.10 Td (service ) Tj ET Q q 0 0 0 rg BT 179.67 568.10 Td (of) Tj ET Q q 0 0 0 rg BT 187.82 568.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 214.32 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.73 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.58 568.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 280.53 568.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 323.12 568.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 359.63 568.10 Td (area ) Tj ET Q q 0 0 0 rg BT 378.91 568.10 Td (has ) Tj ET Q q 0 0 0 rg BT 394.87 568.10 Td (one ) Tj ET Q q 0 0 0 rg BT 411.94 568.10 Td (main ) Tj ET Q q 0 0 0 rg BT 434.56 568.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 480.51 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.92 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.77 568.10 Td (United ) Tj ET Q q 0 0 0 rg BT 535.62 568.10 Td (States, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (namely ) Tj ET Q q 0 0 0 rg BT 80.97 556.10 Td (Applied ) Tj ET Q q 0 0 0 rg BT 115.16 556.10 Td (Systems. ) Tj ET Q q 0 0 0 rg BT 152.98 556.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 171.61 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.37 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.56 556.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 223.09 556.10 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 270.60 556.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 302.84 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.03 556.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 337.89 556.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 358.77 556.10 Td (service ) Tj ET Q q 0 0 0 rg BT 389.06 556.10 Td (of) Tj ET Q q 0 0 0 rg BT 397.21 556.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 423.06 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.81 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.01 556.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 487.30 556.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 529.24 556.10 Td (tracking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (area ) Tj ET Q q 0 0 0 rg BT 69.15 544.10 Td (also ) Tj ET Q q 0 0 0 rg BT 87.75 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 103.58 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.52 544.10 Td (number ) Tj ET Q q 0 0 0 rg BT 143.57 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.40 544.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 186.33 544.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 236.04 544.10 Td (such ) Tj ET Q q 0 0 0 rg BT 256.88 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.71 544.10 Td (Datamonitor) Tj ET Q q 0 0 0 rg BT 317.85 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.85 544.10 Td (CMS, ) Tj ET Q q 0 0 0 rg BT 348.97 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.91 544.10 Td (Exigis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 522.10 Td (Carrier) Tj ET Q q 0 0 0 rg BT 131.57 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.27 522.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 156.64 522.10 Td (Systems:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.41 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.11 522.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 216.70 522.10 Td (has ) Tj ET Q q 0 0 0 rg BT 231.73 522.10 Td (two ) Tj ET Q q 0 0 0 rg BT 248.43 522.10 Td (carrier ) Tj ET Q q 0 0 0 rg BT 276.22 522.10 Td (system ) Tj ET Q q 0 0 0 rg BT 305.70 522.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.85 522.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 343.32 522.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.68 522.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 378.39 522.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 410.07 522.10 Td (- ) Tj ET Q q 0 0 0 rg BT 415.10 522.10 Td (Ebix-Advantage ) Tj ET Q q 0 0 0 rg BT 482.33 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.48 522.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 518.69 522.10 Td (Advantage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 510.10 Td (eb. ) Tj ET Q q 0 0 0 rg BT 74.10 510.10 Td (Ebix-Advantage ) Tj ET Q q 0 0 0 rg BT 143.15 510.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.35 510.10 Td (tar) Tj ET Q q 0 0 0 rg BT 163.71 510.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 188.89 510.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.63 510.10 Td (small, ) Tj ET Q q 0 0 0 rg BT 227.32 510.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 263.62 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.58 510.10 Td (lar) Tj ET Q q 0 0 0 rg BT 291.94 510.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 304.90 510.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 328.44 510.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 361.94 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.24 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.98 510.10 Td (United ) Tj ET Q q 0 0 0 rg BT 419.72 510.10 Td (States ) Tj ET Q q 0 0 0 rg BT 447.13 510.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.64 510.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 498.59 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.89 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.63 510.10 Td (personal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.52 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.27 498.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 154.14 498.10 Td (line ) Tj ET Q q 0 0 0 rg BT 171.45 498.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 194.31 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.96 498.10 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 248.09 498.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 268.79 498.10 Td (AdvantageW) Tj ET Q q 0 0 0 rg BT 320.74 498.10 Td (eb ) Tj ET Q q 0 0 0 rg BT 332.50 498.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.49 498.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 379.35 498.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.33 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.87 498.10 Td (international ) Tj ET Q q 0 0 0 rg BT 460.72 498.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 494.70 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.46 498.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.45 498.10 Td (tar) Tj ET Q q 0 0 0 rg BT 530.81 498.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 554.79 498.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 486.10 Td (small, ) Tj ET Q q 0 0 0 rg BT 90.96 486.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 126.02 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.74 486.10 Td (lar) Tj ET Q q 0 0 0 rg BT 153.11 486.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 164.84 486.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 187.13 486.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 219.40 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.46 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.97 486.10 Td (international ) Tj ET Q q 0 0 0 rg BT 296.79 486.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 330.73 486.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.02 486.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 379.73 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.79 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.30 486.10 Td (personal, ) Tj ET Q q 0 0 0 rg BT 442.96 486.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 492.45 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.17 486.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 547.00 486.10 Td (line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 73.36 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.51 474.10 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 128.15 474.10 Td (Ebix-AdvantageW) Tj ET Q q 0 0 0 rg BT 202.32 474.10 Td (eb ) Tj ET Q q 0 0 0 rg BT 214.58 474.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.07 474.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 262.44 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.04 474.10 Td (be ) Tj ET Q q 0 0 0 rg BT 285.29 474.10 Td (multicurrency ) Tj ET Q q 0 0 0 rg BT 344.21 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.46 474.10 Td (multilingual ) Tj ET Q q 0 0 0 rg BT 413.17 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.43 474.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.92 474.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 479.40 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.00 474.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 519.75 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 474.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 91.34 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.35 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.13 462.10 Td (United ) Tj ET Q q 0 0 0 rg BT 155.91 462.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 185.86 462.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 239.42 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.77 462.10 Td (both ) Tj ET Q q 0 0 0 rg BT 272.11 462.10 Td (these ) Tj ET Q q 0 0 0 rg BT 296.22 462.10 Td (products ) Tj ET Q q 0 0 0 rg BT 334.22 462.10 Td (comes ) Tj ET Q q 0 0 0 rg BT 363.33 462.10 Td (from ) Tj ET Q q 0 0 0 rg BT 386.34 462.10 Td (lar) Tj ET Q q 0 0 0 rg BT 396.70 462.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 409.71 462.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 458.54 462.10 Td (such ) Tj ET Q q 0 0 0 rg BT 480.43 462.10 Td (as ) Tj ET Q q 0 0 0 rg BT 492.32 462.10 Td (CSC, ) Tj ET Q q 0 0 0 rg BT 517.29 462.10 Td (Guidewire, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (Xchanging, ) Tj ET Q q 0 0 0 rg BT 98.33 450.10 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 141.91 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.85 450.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 196.89 450.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 231.04 450.10 Td (malpractice ) Tj ET Q q 0 0 0 rg BT 280.18 450.10 Td (players ) Tj ET Q q 0 0 0 rg BT 311.55 450.10 Td (like ) Tj ET Q q 0 0 0 rg BT 329.05 450.10 Td (Delphi.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 100.83 428.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 111.19 428.10 Td (operty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 406.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 120.23 406.10 Td (seeks ) Tj ET Q q 0 0 0 rg BT 144.23 406.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 187.11 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 212.22 406.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 244.82 406.10 Td (state ) Tj ET Q q 0 0 0 rg BT 265.48 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.26 406.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 313.48 406.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 334.15 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.16 406.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 384.37 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.04 406.10 Td (financially ) Tj ET Q q 0 0 0 rg BT 440.14 406.10 Td (important ) Tj ET Q q 0 0 0 rg BT 481.36 406.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 528.13 406.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.94 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.57 394.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 151.30 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.92 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.11 394.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 227.14 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 235.78 394.10 Td (e ) Tj ET Q q 0 0 0 rg BT 243.07 394.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 271.46 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.64 394.10 Td (software ) Tj ET Q q 0 0 0 rg BT 324.92 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.10 394.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 383.37 394.10 Td (while ) Tj ET Q q 0 0 0 rg BT 408.44 394.10 Td (adhering ) Tj ET Q q 0 0 0 rg BT 446.27 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.90 394.10 Td (open ) Tj ET Q q 0 0 0 rg BT 479.19 394.10 Td (architecture ) Tj ET Q q 0 0 0 rg BT 529.23 394.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.69 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.05 382.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 140.96 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.66 382.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 182.34 382.10 Td (it ) Tj ET Q q 0 0 0 rg BT 190.82 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.51 382.10 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 259.15 382.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 282.06 382.10 Td (secret ) Tj ET Q q 0 0 0 rg BT 308.29 382.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 329.54 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.90 382.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 394.25 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.17 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.31 382.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 465.78 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.13 382.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 532.70 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.95 382.10 Td (title. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.65 370.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 130.29 370.10 Td (property) Tj ET Q q 0 0 0 rg BT 163.52 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.24 370.10 Td (where ) Tj ET Q q 0 0 0 rg BT 196.88 370.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 248.13 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.02 370.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 298.44 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 311.66 370.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 353.47 370.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 390.84 370.10 Td (registrations, ) Tj ET Q q 0 0 0 rg BT 446.00 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.54 370.10 Td (other ) Tj ET Q q 0 0 0 rg BT 481.31 370.10 Td (protections. ) Tj ET Q q 0 0 0 rg BT 531.46 370.10 Td (Despite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.71 358.10 Td (precautions, ) Tj ET Q q 0 0 0 rg BT 125.46 358.10 Td (it ) Tj ET Q q 0 0 0 rg BT 134.17 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 154.55 358.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.15 358.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 203.09 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.91 358.10 Td (third ) Tj ET Q q 0 0 0 rg BT 239.95 358.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 269.77 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.70 358.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 303.30 358.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 335.34 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.83 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.20 358.10 Td (Company) Tj ET Q q 0 0 0 rg BT 403.87 358.10 Td (s ) Tj ET Q q 0 0 0 rg BT 410.92 358.10 Td (products ) Tj ET Q q 0 0 0 rg BT 448.52 358.10 Td (or) Tj ET Q q 0 0 0 rg BT 456.45 358.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.10 358.10 Td (without ) Tj ET Q q 0 0 0 rg BT 495.82 358.10 Td (authorization, ) Tj ET Q q 0 0 0 rg BT 554.24 358.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 77.50 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.43 346.10 Td (use ) Tj ET Q q 0 0 0 rg BT 110.26 346.10 Td (information ) Tj ET Q q 0 0 0 rg BT 159.98 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.91 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.63 346.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.02 346.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 274.95 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.78 346.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 308.26 346.10 Td (secrets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 302.10 Td (As ) Tj ET Q q 0 0 0 rg BT 113.12 302.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.45 302.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 183.54 302.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.54 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.05 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.27 302.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.16 302.10 Td (had ) Tj ET Q q 0 0 0 rg BT 283.61 302.10 Td (2,988 ) Tj ET Q q 0 0 0 rg BT 309.11 302.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 357.38 302.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 403.16 302.10 Td (as ) Tj ET Q q 0 0 0 rg BT 414.50 302.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 450.28 302.10 Td (138 ) Tj ET Q q 0 0 0 rg BT 468.28 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.07 302.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 501.51 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.96 302.10 Td (marketing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (1,909 ) Tj ET Q q 0 0 0 rg BT 74.80 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.88 290.10 Td (product ) Tj ET Q q 0 0 0 rg BT 117.72 290.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 174.17 290.10 Td (732 ) Tj ET Q q 0 0 0 rg BT 191.47 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.55 290.10 Td (back-end ) Tj ET Q q 0 0 0 rg BT 240.50 290.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 286.95 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.69 290.10 Td (209 ) Tj ET Q q 0 0 0 rg BT 320.99 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.07 290.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 393.64 290.10 Td (general ) Tj ET Q q 0 0 0 rg BT 425.36 290.10 Td (management ) Tj ET Q q 0 0 0 rg BT 478.75 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.49 290.10 Td (finance. ) Tj ET Q q 0 0 0 rg BT 529.71 290.10 Td (None ) Tj ET Q q 0 0 0 rg BT 553.67 290.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.37 278.10 Td (Company) Tj ET Q q 0 0 0 rg BT 107.04 278.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.08 278.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 160.00 278.10 Td (are ) Tj ET Q q 0 0 0 rg BT 175.36 278.10 Td (presently ) Tj ET Q q 0 0 0 rg BT 215.17 278.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 249.97 278.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.13 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.72 278.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 312.74 278.10 Td (bar) Tj ET Q q 0 0 0 rg BT 325.33 278.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 358.48 278.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 405.77 278.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 461.13 278.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 502.05 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 278.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 86.93 266.10 Td (with ) Tj ET Q q 0 0 0 rg BT 107.21 266.10 Td (its ) Tj ET Q q 0 0 0 rg BT 119.16 266.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 164.42 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.70 266.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.40 266.10 Td (be ) Tj ET Q q 0 0 0 rg BT 226.34 266.10 Td (good.) 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BT 543.74 333.00 Td (V) Tj ET Q q 0 0 0 rg BT 550.36 333.00 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (President ) Tj ET Q q 0 0 0 rg BT 90.22 321.00 Td (International ) Tj ET Q q 0 0 0 rg BT 144.32 321.00 Td (Business ) Tj ET Q q 0 0 0 rg BT 182.88 321.00 Td (& ) Tj ET Q q 0 0 0 rg BT 193.67 321.00 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 241.65 321.00 Td (Property) Tj ET Q q 0 0 0 rg BT 275.44 321.00 Td (. ) Tj ET Q q 0 0 0 rg BT 280.94 321.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 292.61 321.00 Td (. ) Tj ET Q q 0 0 0 rg BT 298.12 321.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 321.12 321.00 Td (has ) Tj ET Q q 0 0 0 rg BT 337.46 321.00 Td (been ) Tj ET Q q 0 0 0 rg BT 359.34 321.00 Td (employed ) Tj ET Q q 0 0 0 rg BT 401.78 321.00 Td (by ) Tj ET Q q 0 0 0 rg BT 414.79 321.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 436.68 321.00 Td (since ) Tj ET Q q 0 0 0 rg BT 460.23 321.00 Td (1996 ) Tj ET Q q 0 0 0 rg BT 483.23 321.00 Td (when ) Tj ET Q q 0 0 0 rg BT 507.90 321.00 Td (the ) 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(Singapore, ) Tj ET Q q 0 0 0 rg BT 506.84 297.00 Td (New ) Tj ET Q q 0 0 0 rg BT 527.31 297.00 Td (Zealand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 91.66 285.00 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 124.98 285.00 Td (Africa ) Tj ET Q q 0 0 0 rg BT 153.02 285.00 Td (and ) Tj ET Q q 0 0 0 rg BT 169.40 285.00 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 192.73 285.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 204.40 285.00 Td (. ) Tj ET Q q 0 0 0 rg BT 209.40 285.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 231.90 285.00 Td (is ) Tj ET Q q 0 0 0 rg BT 241.07 285.00 Td (also ) Tj ET Q q 0 0 0 rg BT 259.68 285.00 Td (responsible ) Tj ET Q q 0 0 0 rg BT 307.73 285.00 Td (for ) Tj ET Q q 0 0 0 rg BT 321.89 285.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.61 285.00 Td (Company) Tj ET Q q 0 0 0 rg BT 378.27 285.00 Td (s ) Tj ET Q q 0 0 0 rg BT 384.66 285.00 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 429.93 285.00 Td (product ) Tj ET Q q 0 0 0 rg BT 462.98 285.00 Td (development ) Tj ET Q q 0 0 0 rg BT 517.13 285.00 Td (initiatives. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 251.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 251.00 Td (LEON ) Tj ET Q q 0 0 0 rg BT 114.58 251.00 Td (dAPICE, ) Tj ET Q q 0 0 0 rg BT 156.76 251.00 Td (60, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.28 251.00 Td (was ) Tj ET Q q 0 0 0 rg BT 190.86 251.00 Td (made ) Tj ET Q q 0 0 0 rg BT 215.54 251.00 Td (an ) Tj ET Q q 0 0 0 rg BT 228.00 251.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 269.33 251.00 Td (of) Tj ET Q q 0 0 0 rg BT 277.48 251.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 298.82 251.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.17 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 325.41 251.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 367.32 251.00 Td (in ) Tj ET Q q 0 0 0 rg BT 378.12 251.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 401.14 251.00 Td ( ) Tj ET Q q 0 0 0 rg BT 404.16 251.00 Td (He ) Tj ET Q q 0 0 0 rg BT 418.85 251.00 Td (serves ) Tj ET Q q 0 0 0 rg BT 446.86 251.00 Td (as ) Tj ET Q q 0 0 0 rg BT 458.21 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 251.00 Td (Company) Tj ET Q q 0 0 0 rg BT 515.12 251.00 Td (s ) Tj ET Q q 0 0 0 rg BT 522.03 251.00 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.18 239.00 Td (V) Tj ET Q q 0 0 0 rg BT 98.80 239.00 Td (ice ) Tj ET Q q 0 0 0 rg BT 112.82 239.00 Td (President ) Tj ET Q q 0 0 0 rg BT 152.40 239.00 Td (and ) Tj ET Q q 0 0 0 rg BT 169.21 239.00 Td (Managing ) Tj ET Q q 0 0 0 rg BT 212.12 239.00 Td (Director ) Tj ET Q q 0 0 0 rg BT 247.81 239.00 Td ( ) Tj ET Q q 0 0 0 rg BT 255.17 239.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 275.90 239.00 Td (Australia ) Tj ET Q q 0 0 0 rg BT 314.93 239.00 Td (Group. ) Tj ET Q q 0 0 0 rg BT 345.35 239.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 357.02 239.00 Td (. ) Tj ET Q q 0 0 0 rg BT 361.88 239.00 Td (dApice, ) Tj ET Q q 0 0 0 rg BT 398.96 239.00 Td (has ) Tj ET Q q 0 0 0 rg BT 414.65 239.00 Td (been ) Tj ET Q q 0 0 0 rg BT 435.90 239.00 Td (employed ) Tj ET Q q 0 0 0 rg BT 477.70 239.00 Td (with ) Tj ET Q q 0 0 0 rg BT 497.85 239.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 519.10 239.00 Td (since ) Tj ET Q q 0 0 0 rg BT 542.01 239.00 Td (1996 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.00 Td (when ) Tj ET Q q 0 0 0 rg BT 73.97 227.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.51 227.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.71 227.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 166.45 227.00 Td (Complete ) Tj ET Q q 0 0 0 rg BT 207.64 227.00 Td (Broking ) Tj ET Q q 0 0 0 rg BT 242.73 227.00 Td (Systems ) Tj ET Q q 0 0 0 rg BT 278.39 227.00 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 294.59 227.00 Td (for ) Tj ET Q q 0 0 0 rg BT 308.56 227.00 Td (which ) Tj ET Q q 0 0 0 rg BT 335.32 227.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 346.99 227.00 Td (. ) Tj ET Q q 0 0 0 rg BT 351.80 227.00 Td (dApice ) Tj ET Q q 0 0 0 rg BT 386.32 227.00 Td (was ) Tj ET Q q 0 0 0 rg BT 404.19 227.00 Td (also ) Tj ET Q q 0 0 0 rg BT 422.61 227.00 Td (a ) Tj ET Q q 0 0 0 rg BT 429.37 227.00 Td (part ) Tj ET Q q 0 0 0 rg BT 447.23 227.00 Td (owner) Tj ET Q q 0 0 0 rg BT 471.67 227.00 Td (. ) Tj ET Q q 0 0 0 rg BT 476.48 227.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 488.15 227.00 Td (. ) Tj ET Q q 0 0 0 rg BT 492.96 227.00 Td (dApice ) Tj ET Q q 0 0 0 rg BT 527.49 227.00 Td (has ) Tj ET Q q 0 0 0 rg BT 543.13 227.00 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.47 215.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.37 215.00 Td (information ) Tj ET Q q 0 0 0 rg BT 125.27 215.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 172.39 215.00 Td (field ) Tj ET Q q 0 0 0 rg BT 193.40 215.00 Td (since ) Tj ET Q q 0 0 0 rg BT 216.63 215.00 Td (1977 ) Tj ET Q q 0 0 0 rg BT 239.32 215.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.45 215.00 Td (is ) Tj ET Q q 0 0 0 rg BT 265.80 215.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 304.58 215.00 Td (responsible ) Tj ET Q q 0 0 0 rg BT 352.82 215.00 Td (for ) Tj ET Q q 0 0 0 rg BT 367.17 215.00 Td (all ) Tj ET Q q 0 0 0 rg BT 379.85 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.22 622.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 143.87 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.54 622.10 Td (file ) Tj ET Q q 0 0 0 rg BT 172.86 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.64 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.86 622.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 248.29 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.73 622.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 306.16 622.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 358.72 622.10 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 394.60 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 413.82 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 425.26 622.10 Td (read ) Tj ET Q q 0 0 0 rg BT 444.47 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 453.69 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.90 622.10 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 493.94 622.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 521.50 622.10 Td (Reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Room ) Tj ET Q q 0 0 0 rg BT 76.64 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 86.05 610.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 103.25 610.10 Td (F ) Tj ET Q q 0 0 0 rg BT 111.00 610.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 139.02 610.10 Td (NE, ) Tj ET Q q 0 0 0 rg BT 157.04 610.10 Td (Room ) Tj ET Q q 0 0 0 rg BT 183.69 610.10 Td (1580, ) Tj ET Q q 0 0 0 rg BT 208.22 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 216.86 610.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 260.44 610.10 Td (DC ) Tj ET Q q 0 0 0 rg BT 276.53 610.10 Td (20549. ) Tj ET Q q 0 0 0 rg BT 306.22 610.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 356.18 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.37 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.78 610.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 422.74 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.26 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.67 610.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 475.42 610.10 Td (Reference ) Tj ET Q q 0 0 0 rg BT 518.14 610.10 Td (Room ) Tj ET Q q 0 0 0 rg BT 544.78 610.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.45 598.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 99.90 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 112.91 598.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 143.14 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.37 598.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 179.73 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.96 598.10 Td (1-800-SEC-0330. ) Tj ET Q q 0 0 0 rg BT 263.80 598.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 296.25 598.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 335.91 598.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.59 598.10 Td (file ) Tj ET Q q 0 0 0 rg BT 366.93 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.72 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.95 598.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 424.30 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 444.54 598.10 Td (also ) Tj ET Q q 0 0 0 rg BT 463.66 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.11 598.10 Td (read ) Tj ET Q q 0 0 0 rg BT 496.33 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.78 598.10 Td (copied ) Tj ET Q q 0 0 0 rg BT 543.45 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 553.68 598.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.44 586.10 Td (website ) Tj ET Q q 0 0 0 rg BT 132.49 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.32 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 153.03 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.75 586.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 201.34 586.10 Td (website ) Tj ET Q q 0 0 0 rg BT 234.39 586.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 281.32 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 293.82 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.54 586.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 329.38 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 339.09 586.10 Td (www) Tj ET Q q 0 0 0 rg BT 360.11 586.10 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 392.23 586.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (Item 1A. RISK F) Tj ET Q q 0 0 0 rg BT 122.03 540.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 142.96 540.10 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 516.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.00 516.10 Td (following ) Tj ET Q q 0 0 0 rg BT 145.33 516.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 166.68 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.56 516.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 237.10 516.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.76 516.10 Td (not ) Tj ET Q q 0 0 0 rg BT 266.99 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.66 516.10 Td (only ) Tj ET Q q 0 0 0 rg BT 301.88 516.10 Td (ones ) Tj ET Q q 0 0 0 rg BT 322.67 516.10 Td (facing ) Tj ET Q q 0 0 0 rg BT 350.10 516.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 363.40 516.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 408.63 516.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 429.97 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.86 516.10 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 502.89 516.10 Td (including ) Tj ET Q q 0 0 0 rg BT 543.12 516.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 504.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 120.69 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.61 504.10 Td (which ) Tj ET Q q 0 0 0 rg BT 158.63 504.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.87 504.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.66 504.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 226.34 504.10 Td (unaware ) Tj ET Q q 0 0 0 rg BT 262.79 504.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.70 504.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.72 504.10 Td (we ) Tj ET Q q 0 0 0 rg BT 314.97 504.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 346.42 504.10 Td (are ) Tj ET Q q 0 0 0 rg BT 361.21 504.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.57 504.10 Td (material ) Tj ET Q q 0 0 0 rg BT 411.91 504.10 Td (also ) Tj ET Q q 0 0 0 rg BT 430.61 504.10 Td (could ) Tj ET Q q 0 0 0 rg BT 455.41 504.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 498.53 504.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 539.42 504.10 Td (af) Tj ET Q q 0 0 0 rg BT 547.01 504.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.95 492.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 104.96 492.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.57 492.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 185.46 492.10 Td (results ) Tj ET Q q 0 0 0 rg BT 214.19 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.14 492.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 269.42 492.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.37 492.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 300.76 492.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 328.10 492.10 Td (In ) Tj ET Q q 0 0 0 rg BT 339.05 492.10 Td (any ) Tj ET Q q 0 0 0 rg BT 356.11 492.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 378.44 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.28 492.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.55 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.50 492.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.46 492.10 Td (common ) Tj ET Q q 0 0 0 rg BT 482.07 492.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 505.80 492.10 Td (could ) Tj ET Q q 0 0 0 rg BT 530.64 492.10 Td (decline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 480.10 Td (you ) Tj ET Q q 0 0 0 rg BT 84.44 480.10 Td (could ) Tj ET Q q 0 0 0 rg BT 109.16 480.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 127.76 480.10 Td (all ) Tj ET Q q 0 0 0 rg BT 140.26 480.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.09 480.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.03 480.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 189.41 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.24 480.10 Td (your ) Tj ET Q q 0 0 0 rg BT 221.07 480.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 269.96 480.10 Td (See ) Tj ET Q q 0 0 0 rg BT 286.89 480.10 Td (also, ) Tj ET Q q 0 0 0 rg BT 308.00 480.10 Td (Safe ) Tj ET Q q 0 0 0 rg BT 332.71 480.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 363.53 480.10 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 407.69 480.10 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 481.28 480.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 75.84 456.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 110.93 456.10 Td (T) Tj ET Q q 0 0 0 rg BT 116.68 456.10 Td (o ) Tj ET Q q 0 0 0 rg BT 124.18 456.10 Td (Our) Tj ET Q q 0 0 0 rg BT 141.78 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.28 456.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 183.47 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.09 456.10 Td (Industry) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.15 432.10 Td (business ) Tj ET Q q 0 0 0 rg BT 106.63 432.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.32 432.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.23 432.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 182.36 432.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 223.14 432.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 262.83 432.10 Td (by ) Tj ET Q q 0 0 0 rg BT 274.74 432.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 294.99 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.02 432.10 Td (global ) Tj ET Q q 0 0 0 rg BT 341.05 432.10 Td (market ) Tj ET Q q 0 0 0 rg BT 372.41 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.44 432.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 432.34 432.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 480.10 432.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 530.91 432.10 Td (adverse ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 95.29 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.13 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 420.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 165.03 420.10 Td (industry) Tj ET Q q 0 0 0 rg BT 198.56 420.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 396.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.51 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.35 396.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 165.49 396.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 194.49 396.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.77 396.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 237.49 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.89 396.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 284.94 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.34 396.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 322.95 396.10 Td (most ) Tj ET Q q 0 0 0 rg BT 345.02 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.97 396.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.92 396.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 406.19 396.10 Td (from ) Tj ET Q q 0 0 0 rg BT 428.25 396.10 Td (products ) Tj ET Q q 0 0 0 rg BT 465.31 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.37 396.10 Td (services ) Tj ET Q q 0 0 0 rg BT 517.19 396.10 Td (we ) Tj ET Q q 0 0 0 rg BT 531.47 396.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.52 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.48 384.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 116.54 384.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.72 384.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.45 384.10 Td (services ) Tj ET Q q 0 0 0 rg BT 206.40 384.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 250.53 384.10 Td (Given ) Tj ET Q q 0 0 0 rg BT 277.71 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.67 384.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 349.83 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.90 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.98 384.10 Td (business ) Tj ET Q q 0 0 0 rg BT 413.61 384.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 452.45 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.97 384.10 Td (these ) Tj ET Q q 0 0 0 rg BT 486.26 384.10 Td (industries, ) Tj ET Q q 0 0 0 rg BT 530.39 384.10 Td (we ) Tj ET Q q 0 0 0 rg BT 544.80 384.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.62 372.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 111.89 372.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 147.85 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.81 372.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 189.19 372.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.25 372.10 Td (downturns ) Tj ET Q q 0 0 0 rg BT 276.66 372.10 Td (af) Tj ET Q q 0 0 0 rg BT 284.24 372.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 315.19 372.10 Td (these ) Tj ET Q q 0 0 0 rg BT 338.92 372.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 374.88 372.10 Td (groups. ) Tj ET Q q 0 0 0 rg BT 407.79 372.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 428.75 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.38 372.10 Td (global ) Tj ET Q q 0 0 0 rg BT 474.56 372.10 Td (market ) Tj ET Q q 0 0 0 rg BT 505.50 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.13 372.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.34 360.10 Td (have ) Tj ET Q q 0 0 0 rg BT 115.89 360.10 Td (been, ) Tj ET Q q 0 0 0 rg BT 139.95 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.06 360.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 194.17 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.62 360.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 219.24 360.10 Td (disrupted ) Tj ET Q q 0 0 0 rg BT 259.13 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.25 360.10 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 311.41 360.10 Td (General ) Tj ET Q q 0 0 0 rg BT 345.73 360.10 Td (business ) Tj ET Q q 0 0 0 rg BT 382.30 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.41 360.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 440.96 360.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 485.30 360.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.97 360.10 Td (could ) Tj ET Q q 0 0 0 rg BT 527.87 360.10 Td (af) Tj ET Q q 0 0 0 rg BT 535.45 360.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 553.12 360.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.83 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 84.56 348.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 128.50 348.10 Td (include ) Tj ET Q q 0 0 0 rg BT 161.32 348.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 211.93 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.10 348.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 265.37 348.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 299.59 348.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 320.20 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.03 348.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 366.42 348.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 396.46 348.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 434.01 348.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 471.30 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.02 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.63 348.10 Td (global ) Tj ET Q q 0 0 0 rg BT 527.02 348.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 87.15 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.36 336.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 150.34 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.77 336.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 186.88 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.20 336.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 226.46 336.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 261.67 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.10 336.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 320.98 336.10 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 370.33 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.77 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.98 336.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 438.19 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.51 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.73 336.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 510.48 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.26 336.10 Td (which ) Tj ET Q q 0 0 0 rg BT 548.69 336.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.19 324.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 127.18 324.10 Td (A) Tj ET Q q 0 0 0 rg BT 133.85 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.49 324.10 Td (poor ) Tj ET Q q 0 0 0 rg BT 157.47 324.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 198.99 324.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 252.17 324.10 Td (could ) Tj ET Q q 0 0 0 rg BT 277.04 324.10 Td (result ) Tj ET Q q 0 0 0 rg BT 301.90 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.32 324.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 357.18 324.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 398.13 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.55 324.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 442.86 324.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.16 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.14 324.10 Td (products ) Tj ET Q q 0 0 0 rg BT 510.22 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.30 324.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.60 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.64 312.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 127.12 312.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.27 312.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 187.40 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.55 312.10 Td (current ) Tj ET Q q 0 0 0 rg BT 227.69 312.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.85 312.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 283.54 312.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 319.52 312.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.67 312.10 Td (could ) Tj ET Q q 0 0 0 rg BT 353.71 312.10 Td (present ) Tj ET Q q 0 0 0 rg BT 384.41 312.10 Td (dif) Tj ET Q q 0 0 0 rg BT 395.34 312.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 429.38 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.98 312.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 480.23 312.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 517.04 312.10 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.48 300.10 Td (our ) Tj ET Q q 0 0 0 rg BT 86.85 300.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.43 300.10 Td (due ) Tj ET Q q 0 0 0 rg BT 145.91 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.73 300.10 Td (their ) Tj ET Q q 0 0 0 rg BT 176.09 300.10 Td (deteriorating ) Tj ET Q q 0 0 0 rg BT 229.22 300.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.24 300.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 308.55 300.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 326.14 300.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 359.84 300.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 402.43 300.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.68 300.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.16 300.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 469.62 300.10 Td (by ) Tj ET Q q 0 0 0 rg BT 481.66 300.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.03 300.10 Td (mer) Tj ET Q q 0 0 0 rg BT 507.40 300.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 523.87 300.10 Td (into ) Tj ET Q q 0 0 0 rg BT 541.47 300.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 80.81 288.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.73 288.10 Td (use ) Tj ET Q q 0 0 0 rg BT 112.99 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.25 288.10 Td (competitors' ) Tj ET Q q 0 0 0 rg BT 179.19 288.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 218.06 288.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.31 288.10 Td (they ) Tj ET Q q 0 0 0 rg BT 247.46 288.10 Td (may ) Tj ET Q q 0 0 0 rg BT 266.60 288.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 294.62 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.33 288.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 344.02 288.10 Td (their ) Tj ET Q q 0 0 0 rg BT 364.27 288.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 417.30 288.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.01 288.10 Td (us ) Tj ET Q q 0 0 0 rg BT 447.83 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.41 288.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.89 288.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 517.88 288.10 Td (As ) Tj ET Q q 0 0 0 rg BT 530.92 288.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.29 288.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 276.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.77 276.10 Td (could ) Tj ET Q q 0 0 0 rg BT 112.49 276.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 143.86 276.10 Td (if ) Tj ET Q q 0 0 0 rg BT 152.47 276.10 Td (an ) Tj ET Q q 0 0 0 rg BT 164.40 276.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 198.57 276.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 237.72 276.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.89 276.10 Td (mer) Tj ET Q q 0 0 0 rg BT 262.26 276.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 279.20 276.10 Td (with ) Tj ET Q q 0 0 0 rg BT 299.48 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.31 276.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 347.23 276.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.73 276.10 Td (another ) Tj ET Q q 0 0 0 rg BT 392.22 276.10 Td (company ) Tj ET Q q 0 0 0 rg BT 431.37 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.20 276.10 Td (closed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 252.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 252.10 Td (may ) Tj ET Q q 0 0 0 rg BT 84.80 252.10 Td (not ) Tj ET Q q 0 0 0 rg BT 100.64 252.10 Td (be ) Tj ET Q q 0 0 0 rg BT 112.58 252.10 Td (able ) Tj ET Q q 0 0 0 rg BT 132.30 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.58 252.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 171.74 252.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 215.91 252.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 258.42 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.70 252.10 Td (support ) Tj ET Q q 0 0 0 rg BT 302.32 252.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.60 252.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 389.55 252.10 Td (when ) Tj ET Q q 0 0 0 rg BT 414.28 252.10 Td (needed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 228.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 228.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.06 228.10 Td (may ) Tj ET Q q 0 0 0 rg BT 120.26 228.10 Td (need ) Tj ET Q q 0 0 0 rg BT 141.12 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.88 228.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 171.74 228.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 213.72 228.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 237.92 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.69 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.89 228.10 Td (future ) Tj ET Q q 0 0 0 rg BT 287.75 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.51 228.10 Td (order ) Tj ET Q q 0 0 0 rg BT 320.59 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.35 228.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 350.67 228.10 Td (new ) Tj ET Q q 0 0 0 rg BT 369.31 228.10 Td (product ) Tj ET Q q 0 0 0 rg BT 401.84 228.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 457.98 228.10 Td (or) Tj ET Q q 0 0 0 rg BT 466.13 228.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 489.77 228.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 520.08 228.10 Td (initiatives, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 82.07 216.10 Td (new ) Tj ET Q q 0 0 0 rg BT 101.37 216.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 148.74 216.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.71 216.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.02 216.10 Td (other ) Tj ET Q q 0 0 0 rg BT 197.21 216.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 237.32 216.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 257.19 216.10 Td (required ) Tj ET Q q 0 0 0 rg BT 293.14 216.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 335.78 216.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 376.19 216.10 Td (may ) Tj ET Q q 0 0 0 rg BT 396.05 216.10 Td (not ) Tj ET Q q 0 0 0 rg BT 411.47 216.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.55 216.10 Td (available ) Tj ET Q q 0 0 0 rg BT 462.29 216.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.93 216.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.79 216.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 540.19 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.61 216.10 Td (us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.03 204.10 Td (at ) Tj ET Q q 0 0 0 rg BT 70.95 204.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 86.15 204.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.51 204.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 133.74 204.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 158.67 204.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.57 204.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.05 204.10 Td (available ) Tj ET Q q 0 0 0 rg BT 227.85 204.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.55 204.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 285.44 204.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 312.85 204.10 Td (we ) Tj ET Q q 0 0 0 rg BT 327.22 204.10 Td (may ) Tj ET Q q 0 0 0 rg BT 347.13 204.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.27 204.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 388.63 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.11 204.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 421.25 204.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.28 204.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 473.85 204.10 Td (business ) Tj ET Q q 0 0 0 rg BT 510.45 204.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 553.69 204.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 87.13 192.10 Td (ef) Tj ET Q q 0 0 0 rg BT 94.72 192.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 129.05 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 134.81 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.50 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.98 192.10 Td (future ) Tj ET Q q 0 0 0 rg BT 195.11 192.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 226.70 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.29 192.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.88 192.10 Td (business ) Tj ET Q q 0 0 0 rg BT 292.03 192.10 Td (could ) Tj ET Q q 0 0 0 rg BT 317.50 192.10 Td (be ) Tj ET Q q 0 0 0 rg BT 330.20 192.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 371.78 192.10 Td (impacted. ) Tj ET Q q 0 0 0 rg BT 414.18 192.10 Td (If ) Tj ET Q q 0 0 0 rg BT 424.10 192.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 467.35 192.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 492.83 192.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.30 192.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 535.43 192.10 Td (by ) Tj ET Q q 0 0 0 rg BT 548.69 192.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 81.01 180.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 108.67 180.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 151.60 180.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 204.82 180.10 Td (may ) Tj ET Q q 0 0 0 rg BT 224.70 180.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 270.67 180.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 304.45 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.45 180.10 Td (their ) Tj ET Q q 0 0 0 rg BT 336.44 180.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 380.77 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.87 180.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 439.41 180.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 477.90 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.01 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.90 180.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 537.00 180.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.44 168.10 Td (may ) Tj ET Q q 0 0 0 rg BT 110.33 168.10 Td (have ) Tj ET Q q 0 0 0 rg BT 131.87 168.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 157.33 168.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 192.77 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.22 168.10 Td (those ) Tj ET Q q 0 0 0 rg BT 227.00 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.00 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.00 168.10 Td (common ) Tj ET Q q 0 0 0 rg BT 291.67 168.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 317.95 168.10 Td (If ) Tj ET Q q 0 0 0 rg BT 327.28 168.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 369.95 168.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 394.84 168.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.72 168.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 436.27 168.10 Td (by ) Tj ET Q q 0 0 0 rg BT 448.94 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.94 168.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 495.96 168.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 518.34 168.10 Td (we ) Tj ET Q q 0 0 0 rg BT 532.68 168.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 168.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.83 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.10 156.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.82 156.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.08 156.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 187.47 156.10 Td (related ) Tj ET Q q 0 0 0 rg BT 217.17 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.45 156.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.38 156.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 283.26 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.20 156.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 340.46 156.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 361.86 156.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 402.67 156.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 447.95 156.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.45 156.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.28 156.10 Td (activities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (Our future growth may depend in part on acquiring other businesses in our industry) Tj ET Q q 0 0 0 rg BT 397.21 132.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 108.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 108.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.14 108.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 129.30 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.15 108.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 175.65 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.49 108.10 Td (grow) Tj ET Q q 0 0 0 rg BT 205.40 108.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.96 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.81 108.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 239.92 108.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.99 108.10 Td (making ) Tj ET Q q 0 0 0 rg BT 284.05 108.10 Td (business ) Tj ET Q q 0 0 0 rg BT 320.01 108.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 372.35 108.10 Td (In ) Tj ET Q q 0 0 0 rg BT 382.75 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.03 108.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 417.71 108.10 Td (we ) Tj ET Q q 0 0 0 rg BT 431.43 108.10 Td (have ) Tj ET Q q 0 0 0 rg BT 452.38 108.10 Td (made ) Tj ET Q q 0 0 0 rg BT 476.10 108.10 Td (accretive ) Tj ET Q q 0 0 0 rg BT 514.25 108.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 96.10 Td (broaden ) Tj ET Q q 0 0 0 rg BT 93.87 96.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.15 96.10 Td (product ) Tj ET Q q 0 0 0 rg BT 141.64 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.02 96.10 Td (service ) Tj ET Q q 0 0 0 rg BT 188.28 96.10 Td (of) Tj ET Q q 0 0 0 rg BT 196.43 96.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 228.64 96.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 259.46 96.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.73 96.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 320.83 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.21 96.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 359.14 96.10 Td (new ) Tj ET Q q 0 0 0 rg BT 377.74 96.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 424.11 96.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 460.07 96.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.71 96.10 Td (e ) Tj ET Q q 0 0 0 rg BT 475.09 96.10 Td (may ) Tj ET Q q 0 0 0 rg BT 494.25 96.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 530.63 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 96.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (selective ) Tj ET Q q 0 0 0 rg BT 87.87 84.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 141.02 84.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 163.89 84.10 Td (into ) Tj ET Q q 0 0 0 rg BT 182.33 84.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 203.55 84.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 242.82 84.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.03 84.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 295.79 84.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 326.99 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.66 84.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.09 84.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 409.50 84.10 Td (business ) Tj ET Q q 0 0 0 rg BT 446.28 84.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 496.94 84.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.15 84.10 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.60 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.43 72.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.93 72.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 159.30 72.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.47 72.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 221.73 72.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 245.73 72.10 Td (However) Tj ET Q q 0 0 0 rg BT 281.98 72.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.09 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.92 72.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 343.96 72.10 Td (success ) Tj ET Q q 0 0 0 rg BT 376.56 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.50 72.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.44 72.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 449.93 72.10 Td (program ) Tj ET Q q 0 0 0 rg BT 486.42 72.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.58 72.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 536.07 72.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 72.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.02 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.27 60.10 Td (find ) Tj ET Q q 0 0 0 rg BT 106.85 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.76 60.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 141.23 60.10 Td (other ) Tj ET Q q 0 0 0 rg BT 164.25 60.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 203.92 60.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 248.61 60.10 Td (at ) Tj ET Q q 0 0 0 rg BT 258.30 60.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.21 60.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 310.43 60.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 335.39 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.63 60.10 Td (access ) Tj ET Q q 0 0 0 rg BT 373.64 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.33 60.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 425.23 60.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 465.47 60.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 505.70 60.10 Td (if ) Tj ET Q q 0 0 0 rg BT 514.28 60.10 Td (needed, ) Tj ET Q q 0 0 0 rg BT 547.56 60.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 48.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 97.76 48.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 134.68 48.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 179.40 48.10 Td (into ) Tj ET Q q 0 0 0 rg BT 197.46 48.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.29 48.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 247.46 48.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.61 48.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.55 48.10 Td (there ) Tj ET Q q 0 0 0 rg BT 331.04 48.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.21 48.10 Td (no ) Tj ET Q q 0 0 0 rg BT 352.71 48.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 394.07 48.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.57 48.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.73 48.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.78 48.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 480.72 48.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.00 48.10 Td (do ) Tj ET Q q 0 0 0 rg BT 503.50 48.10 Td (so.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.51 730.10 Td (future ) Tj ET Q q 0 0 0 rg BT 97.91 730.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 150.20 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.16 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.11 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.16 730.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 247.67 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 273.29 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 285.56 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 296.49 730.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 321.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.61 730.10 Td (integrate, ) Tj ET Q q 0 0 0 rg BT 373.62 730.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 405.36 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.65 730.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 463.00 730.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 489.17 730.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 539.79 730.10 Td (value ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 718.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.88 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 139.15 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.10 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.05 718.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 115.23 694.10 Td (business ) Tj ET Q q 0 0 0 rg BT 152.24 694.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 203.13 694.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 234.58 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.91 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.92 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.81 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.37 694.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 341.25 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.70 694.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 377.21 694.10 Td (including ) Tj ET Q q 0 0 0 rg BT 418.11 694.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 440.12 694.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 484.33 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 505.23 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 517.79 694.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 554.24 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 682.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 94.57 682.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 133.22 682.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 171.31 682.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 219.13 682.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 248.34 682.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 299.20 682.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 318.97 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.97 682.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 378.79 682.10 Td (outdated ) Tj ET Q q 0 0 0 rg BT 416.88 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.88 682.10 Td (incompatible ) Tj ET Q q 0 0 0 rg BT 484.75 682.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 541.46 682.10 Td (labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 670.10 Td (ficulties, ) Tj ET Q q 0 0 0 rg BT 97.93 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.56 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 120.29 670.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 155.91 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.99 670.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 194.92 670.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 241.08 670.10 Td (syner) Tj ET Q q 0 0 0 rg BT 262.56 670.10 Td (gies, ) Tj ET Q q 0 0 0 rg BT 283.46 670.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 317.96 670.10 Td (within ) Tj ET Q q 0 0 0 rg BT 345.82 670.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 391.98 670.10 Td (time ) Tj ET Q q 0 0 0 rg BT 412.04 670.10 Td (frames ) Tj ET Q q 0 0 0 rg BT 441.54 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.17 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 461.68 670.10 Td (all; ) Tj ET Q q 0 0 0 rg BT 476.75 670.10 Td (one ) Tj ET Q q 0 0 0 rg BT 493.48 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.10 670.10 Td (more ) Tj ET Q q 0 0 0 rg BT 526.94 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.57 670.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 73.59 658.10 Td (if ) Tj ET Q q 0 0 0 rg BT 81.90 658.10 Td (realized, ) Tj ET Q q 0 0 0 rg BT 118.24 658.10 Td (could ) Tj ET Q q 0 0 0 rg BT 142.66 658.10 Td (have ) Tj ET Q q 0 0 0 rg BT 163.74 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 175.38 658.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 208.12 658.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 237.53 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.73 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.26 658.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 311.13 658.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 343.34 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 658.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 383.85 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 413.25 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.23 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.65 658.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 483.17 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.70 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 514.23 658.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 622.10 Td (incompatibility ) Tj ET Q q 0 0 0 rg BT 187.09 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.92 622.10 Td (business ) Tj ET Q q 0 0 0 rg BT 234.32 622.10 Td (cultures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 598.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 151.54 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.82 598.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 207.64 598.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 239.01 598.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 285.95 598.10 Td (platforms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 574.10 Td (need ) Tj ET Q q 0 0 0 rg BT 144.87 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.03 574.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 201.52 574.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 244.56 574.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 279.28 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.22 574.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 329.26 574.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 363.98 574.10 Td (over ) Tj ET Q q 0 0 0 rg BT 384.25 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 421.73 574.10 Td (reporting;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 550.10 Td (dif) Tj ET Q q 0 0 0 rg BT 134.42 550.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 169.13 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.41 550.10 Td (coordinating ) Tj ET Q q 0 0 0 rg BT 232.45 550.10 Td (geographically ) Tj ET Q q 0 0 0 rg BT 294.37 550.10 Td (separated ) Tj ET Q q 0 0 0 rg BT 334.62 550.10 Td (or) Tj ET Q q 0 0 0 rg BT 342.77 550.10 Td (ganizations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 526.10 Td (dif) Tj ET Q q 0 0 0 rg BT 134.42 526.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 169.13 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.41 526.10 Td (re-training ) Tj ET Q q 0 0 0 rg BT 224.11 526.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 246.05 526.10 Td (forces ) Tj ET Q q 0 0 0 rg BT 272.98 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.26 526.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.52 526.10 Td (all ) Tj ET Q q 0 0 0 rg BT 326.01 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.84 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.67 526.10 Td (products ) Tj ET Q q 0 0 0 rg BT 389.61 526.10 Td (across ) Tj ET Q q 0 0 0 rg BT 417.10 526.10 Td (all ) Tj ET Q q 0 0 0 rg BT 429.60 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.43 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.26 526.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 493.19 526.10 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 502.10 Td (dif) Tj ET Q q 0 0 0 rg BT 134.42 502.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 169.13 502.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 227.18 502.10 Td (common ) Tj ET Q q 0 0 0 rg BT 264.67 502.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 297.71 502.10 Td (business ) Tj ET Q q 0 0 0 rg BT 334.11 502.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 368.28 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.21 502.10 Td (processes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 123.49 478.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 160.42 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.70 478.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 215.97 478.10 Td (relationships; ) Tj ET Q q 0 0 0 rg BT 272.35 478.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 124.13 454.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 142.83 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.30 454.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 197.98 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.56 454.10 Td (key ) Tj ET Q q 0 0 0 rg BT 233.14 454.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 279.04 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.62 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.97 454.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 352.33 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.80 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.15 454.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 417.28 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.75 454.10 Td (management ) Tj ET Q q 0 0 0 rg BT 482.98 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 505.55 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 529.24 454.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (business ) Tj ET Q q 0 0 0 rg BT 122.39 442.10 Td (concerns.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 406.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 406.10 Td (may ) Tj ET Q q 0 0 0 rg BT 84.80 406.10 Td (not ) Tj ET Q q 0 0 0 rg BT 100.64 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 112.58 406.10 Td (able ) Tj ET Q q 0 0 0 rg BT 132.30 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.58 406.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 176.17 406.10 Td (new ) Tj ET Q q 0 0 0 rg BT 195.34 406.10 Td (products ) Tj ET Q q 0 0 0 rg BT 233.40 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.79 406.10 Td (services ) Tj ET Q q 0 0 0 rg BT 279.50 406.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 321.99 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.27 406.10 Td (ef) Tj ET Q q 0 0 0 rg BT 339.86 406.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 376.22 406.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 411.50 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.78 406.10 Td (rapid ) Tj ET Q q 0 0 0 rg BT 445.95 406.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 504.00 406.10 Td (changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 382.10 Td (o ) Tj ET Q q 0 0 0 rg BT 99.86 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 112.75 382.10 Td (successful, ) Tj ET Q q 0 0 0 rg BT 159.79 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 174.90 382.10 Td (must ) Tj ET Q q 0 0 0 rg BT 197.80 382.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 222.90 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.13 382.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 265.90 382.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 306.01 382.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 363.32 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.21 382.10 Td (market ) Tj ET Q q 0 0 0 rg BT 412.42 382.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 441.14 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.59 382.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 503.03 382.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 547.57 382.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (introducing ) Tj ET Q q 0 0 0 rg BT 99.39 370.10 Td (new ) Tj ET Q q 0 0 0 rg BT 119.34 370.10 Td (products ) Tj ET Q q 0 0 0 rg BT 157.06 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.79 370.10 Td (services ) Tj ET Q q 0 0 0 rg BT 210.28 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.34 370.10 Td (address ) Tj ET Q q 0 0 0 rg BT 254.62 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.24 370.10 Td (customers' ) Tj ET Q q 0 0 0 rg BT 316.87 370.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 356.81 370.10 Td (demands. ) Tj ET Q q 0 0 0 rg BT 397.91 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 416.74 370.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 468.88 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.95 370.10 Td (which ) Tj ET Q q 0 0 0 rg BT 507.67 370.10 Td (we ) Tj ET Q q 0 0 0 rg BT 522.62 370.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 555.33 370.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 105.79 358.10 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 116.83 334.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 155.98 334.10 Td (technology;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 123.50 310.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 158.77 310.10 Td (standards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td (frequent ) Tj ET Q q 0 0 0 rg BT 121.82 286.10 Td (new ) Tj ET Q q 0 0 0 rg BT 140.98 286.10 Td (product ) Tj ET Q q 0 0 0 rg BT 174.02 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.96 286.10 Td (service ) Tj ET Q q 0 0 0 rg BT 221.78 286.10 Td (introductions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td (shifting ) Tj ET Q q 0 0 0 rg BT 119.06 262.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 167.67 262.10 Td (channels; ) Tj ET Q q 0 0 0 rg BT 207.93 262.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 125.16 238.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 164.31 238.10 Td (demands.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.25 214.10 Td (future ) Tj ET Q q 0 0 0 rg BT 130.82 214.10 Td (success ) Tj ET Q q 0 0 0 rg BT 163.50 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 181.76 214.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 213.33 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.02 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.05 214.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.30 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.77 214.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 305.12 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.59 214.10 Td (this ) Tj ET Q q 0 0 0 rg BT 332.74 214.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 363.76 214.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 401.45 214.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 455.31 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.94 214.10 Td (e ) Tj ET Q q 0 0 0 rg BT 471.08 214.10 Td (could ) Tj ET Q q 0 0 0 rg BT 495.99 214.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 519.23 214.10 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.36 202.10 Td (if ) Tj ET Q q 0 0 0 rg BT 80.83 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 94.86 202.10 Td (need ) Tj ET Q q 0 0 0 rg BT 116.09 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.24 202.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 157.48 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.18 202.10 Td (services ) Tj ET Q q 0 0 0 rg BT 207.75 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.44 202.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 274.66 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.80 202.10 Td (order ) Tj ET Q q 0 0 0 rg BT 308.26 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.41 202.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 342.42 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.56 202.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 387.13 202.10 Td (af) Tj ET Q q 0 0 0 rg BT 394.72 202.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 424.85 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.54 202.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 473.17 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.97 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 503.99 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.57 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.37 202.10 Td (unable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 67.87 190.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 105.35 190.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 129.50 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.78 190.10 Td (these ) Tj ET Q q 0 0 0 rg BT 162.83 190.10 Td (changes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 166.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 101.94 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 115.69 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.67 166.10 Td (products ) Tj ET Q q 0 0 0 rg BT 168.75 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.84 166.10 Td (services ) Tj ET Q q 0 0 0 rg BT 219.57 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 234.43 166.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 262.07 166.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 310.24 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.33 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.19 166.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 365.93 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.23 166.10 Td (become ) Tj ET Q q 0 0 0 rg BT 407.85 166.10 Td (more ) Tj ET Q q 0 0 0 rg BT 430.48 166.10 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 481.15 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.24 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.22 166.10 Td (competitors ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 154.10 Td (able ) Tj ET Q q 0 0 0 rg BT 101.37 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.65 154.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 146.93 154.10 Td (more ) Tj ET Q q 0 0 0 rg BT 170.54 154.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 203.04 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.32 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 232.49 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.88 154.10 Td (emerging ) Tj ET Q q 0 0 0 rg BT 285.26 154.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 332.76 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.82 154.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 387.21 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.05 154.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 438.33 154.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 130.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.39 130.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 131.13 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.22 130.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 167.08 130.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 215.60 130.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 251.07 130.10 Td (In ) Tj ET Q q 0 0 0 rg BT 260.71 130.10 Td (particular) Tj ET Q q 0 0 0 rg BT 298.63 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.44 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.97 130.10 Td (online ) Tj ET Q q 0 0 0 rg BT 342.27 130.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 381.90 130.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 429.33 130.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 460.90 130.10 Td (like ) Tj ET Q q 0 0 0 rg BT 477.21 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.74 130.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 522.59 130.10 Td (electronic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (commerce ) Tj ET Q q 0 0 0 rg BT 93.49 118.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 125.60 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.12 118.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 164.29 118.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 201.13 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.42 118.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 244.82 118.10 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 296.37 118.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 313.77 118.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 353.94 118.10 Td (software ) Tj ET Q q 0 0 0 rg BT 390.21 118.10 Td (business ) Tj ET Q q 0 0 0 rg BT 425.95 118.10 Td (also ) Tj ET Q q 0 0 0 rg BT 443.91 118.10 Td (experiences ) Tj ET Q q 0 0 0 rg BT 492.95 118.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 542.56 118.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 80.02 106.10 Td (lar) Tj ET Q q 0 0 0 rg BT 90.39 106.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 102.65 106.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 142.66 106.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 181.59 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.41 106.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 216.11 106.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 250.60 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.86 106.10 Td (system ) Tj ET Q q 0 0 0 rg BT 298.46 106.10 Td (components ) Tj ET Q q 0 0 0 rg BT 349.60 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.20 106.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 411.89 106.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 449.14 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.40 106.10 Td (from ) Tj ET Q q 0 0 0 rg BT 488.65 106.10 Td (small ) Tj ET Q q 0 0 0 rg BT 513.14 106.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (developers ) Tj ET Q q 0 0 0 rg BT 96.01 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.13 94.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 151.93 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 94.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 202.57 94.10 Td (who ) Tj ET Q q 0 0 0 rg BT 222.49 94.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 267.95 94.10 Td (work ) Tj ET Q q 0 0 0 rg BT 291.19 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.66 94.10 Td (concert ) Tj ET Q q 0 0 0 rg BT 333.77 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 354.24 94.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 394.13 94.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 428.48 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.95 94.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 468.31 94.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 502.67 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.14 94.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 89.00 82.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 119.95 82.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 159.79 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.30 82.10 Td (new ) Tj ET Q q 0 0 0 rg BT 195.03 82.10 Td (product ) Tj ET Q q 0 0 0 rg BT 227.65 82.10 Td (introductions ) Tj ET Q q 0 0 0 rg BT 282.50 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.01 82.10 Td (other ) Tj ET Q q 0 0 0 rg BT 321.62 82.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 360.91 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.42 82.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 416.16 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.56 82.10 Td (emer) Tj ET Q q 0 0 0 rg BT 446.36 82.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 466.21 82.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 515.50 82.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.78 82.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.18 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.03 70.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 87.99 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.73 70.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 143.68 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.41 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.26 70.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 181.65 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.38 70.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 229.54 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.28 70.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 279.09 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.28 70.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 317.56 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.62 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.36 70.10 Td (services ) Tj ET Q q 0 0 0 rg BT 384.97 70.10 Td (dif) Tj ET Q q 0 0 0 rg BT 395.90 70.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 422.62 70.10 Td (than ) Tj ET Q q 0 0 0 rg BT 443.24 70.10 Td (past ) Tj ET Q q 0 0 0 rg BT 462.75 70.10 Td (experience. ) Tj ET Q q 0 0 0 rg BT 511.96 70.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 530.92 70.10 Td (Internet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 92.75 58.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 137.75 58.10 Td (may ) Tj ET Q q 0 0 0 rg BT 157.74 58.10 Td (also ) Tj ET Q q 0 0 0 rg BT 176.62 58.10 Td (face ) Tj ET Q q 0 0 0 rg BT 196.04 58.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 229.36 58.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 279.90 58.10 Td (from ) Tj ET Q q 0 0 0 rg BT 302.12 58.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 343.21 58.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 375.96 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 58.10 Td (have ) Tj ET Q q 0 0 0 rg BT 415.38 58.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 465.37 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.58 58.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 527.57 58.10 Td (in-house ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 80.82 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.75 46.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 140.23 46.10 Td (functions.) 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) Tj ET Q q 0 0 0 rg BT 245.68 622.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (make ) Tj ET Q q 0 0 0 rg BT 110.16 598.10 Td (more ) Tj ET Q q 0 0 0 rg BT 133.20 598.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 172.90 598.10 Td (of) Tj ET Q q 0 0 0 rg BT 181.05 598.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 198.54 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.82 598.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 246.31 598.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 294.07 598.10 Td (online ) Tj ET Q q 0 0 0 rg BT 321.57 598.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 366.83 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.77 598.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 429.03 598.10 Td (service ) Tj ET Q q 0 0 0 rg BT 459.85 598.10 Td (providers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 566.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.94 566.60 Td (current ) Tj ET Q q 0 0 0 rg BT 99.77 566.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 142.71 566.60 Td (might ) Tj ET Q q 0 0 0 rg BT 167.88 566.60 Td (not ) Tj ET Q q 0 0 0 rg BT 182.49 566.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 221.54 566.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 264.48 566.60 Td (software ) Tj ET Q q 0 0 0 rg BT 300.75 566.60 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 341.76 566.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 368.03 566.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 422.63 566.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 471.12 566.60 Td (or ) Tj ET Q q 0 0 0 rg BT 481.28 566.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 520.33 566.60 Td (additional ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 554.60 Td (professional ) Tj ET Q q 0 0 0 rg BT 103.06 554.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 140.27 554.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.66 554.60 Td (they ) Tj ET Q q 0 0 0 rg BT 171.38 554.60 Td (might ) Tj ET Q q 0 0 0 rg BT 197.77 554.60 Td (switch ) Tj ET Q q 0 0 0 rg BT 226.39 554.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.67 554.60 Td (other ) Tj ET Q q 0 0 0 rg BT 260.84 554.60 Td (product ) Tj ET Q q 0 0 0 rg BT 295.01 554.60 Td (or ) Tj ET Q q 0 0 0 rg BT 306.40 554.60 Td (service ) Tj ET Q q 0 0 0 rg BT 337.22 554.60 Td (of) Tj ET Q q 0 0 0 rg BT 345.37 554.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 376.76 554.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 422.05 554.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 471.19 554.60 Td (products\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 515.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 515.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.12 515.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 118.71 515.60 Td (on ) Tj ET Q q 0 0 0 rg BT 130.75 515.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.12 515.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 179.82 515.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 218.52 515.60 Td (base ) Tj ET Q q 0 0 0 rg BT 238.33 515.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.15 515.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 284.05 515.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 326.08 515.60 Td (business ) Tj ET Q q 0 0 0 rg BT 362.02 515.60 Td (through ) Tj ET Q q 0 0 0 rg BT 395.17 515.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 441.08 515.60 Td (new ) Tj ET Q q 0 0 0 rg BT 459.78 515.60 Td (software ) Tj ET Q q 0 0 0 rg BT 496.25 515.60 Td (solutions ) Tj ET Q q 0 0 0 rg BT 534.41 515.60 Td (as ) Tj ET Q q 0 0 0 rg BT 544.78 515.60 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.01 503.60 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 114.72 503.60 Td (consulting ) Tj ET Q q 0 0 0 rg BT 158.07 503.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.19 503.60 Td (training ) Tj ET Q q 0 0 0 rg BT 206.98 503.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 243.36 503.60 Td (Existing ) Tj ET Q q 0 0 0 rg BT 278.38 503.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 320.61 503.60 Td (might ) Tj ET Q q 0 0 0 rg BT 345.63 503.60 Td (cancel ) Tj ET Q q 0 0 0 rg BT 372.84 503.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.85 503.60 Td (not ) Tj ET Q q 0 0 0 rg BT 397.31 503.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 423.43 503.60 Td (their ) Tj ET Q q 0 0 0 rg BT 443.43 503.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 495.64 503.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 535.92 503.60 Td (decide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.60 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 75.56 491.60 Td (buy ) Tj ET Q q 0 0 0 rg BT 93.06 491.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 135.55 491.60 Td (products ) Tj ET Q q 0 0 0 rg BT 172.49 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.42 491.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 226.63 491.60 Td (switch ) Tj ET Q q 0 0 0 rg BT 255.24 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.52 491.60 Td (on-premises ) Tj ET Q q 0 0 0 rg BT 316.89 491.60 Td (models ) Tj ET Q q 0 0 0 rg BT 348.28 491.60 Td (or ) Tj ET Q q 0 0 0 rg BT 359.11 491.60 Td (accept ) Tj ET Q q 0 0 0 rg BT 387.14 491.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 431.84 491.60 Td (of) Tj ET Q q 0 0 0 rg BT 439.99 491.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 470.26 491.60 Td (from ) Tj ET Q q 0 0 0 rg BT 492.20 491.60 Td (other ) Tj ET Q q 0 0 0 rg BT 515.24 491.60 Td (vendors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 467.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.76 467.60 Td (future ) Tj ET Q q 0 0 0 rg BT 129.85 467.60 Td (success ) Tj ET Q q 0 0 0 rg BT 162.04 467.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 197.02 467.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.01 467.60 Td (part ) Tj ET Q q 0 0 0 rg BT 224.76 467.60 Td (on ) Tj ET Q q 0 0 0 rg BT 236.97 467.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.51 467.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 280.27 467.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.26 467.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 306.35 467.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 348.55 467.60 Td (features ) Tj ET Q q 0 0 0 rg BT 382.41 467.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.05 467.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 435.97 467.60 Td (more ) Tj ET Q q 0 0 0 rg BT 458.72 467.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 513.71 467.60 Td (or ) Tj ET Q q 0 0 0 rg BT 524.25 467.60 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.60 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 455.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 88.74 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.89 455.60 Td (our ) Tj ET Q q 0 0 0 rg BT 116.04 455.60 Td (services ) Tj ET Q q 0 0 0 rg BT 151.07 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.67 455.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.82 455.60 Td (current ) Tj ET Q q 0 0 0 rg BT 208.96 455.60 Td (customers. ) Tj ET Q q 0 0 0 rg BT 254.62 455.60 Td (This ) Tj ET Q q 0 0 0 rg BT 275.22 455.60 Td (may ) Tj ET Q q 0 0 0 rg BT 295.26 455.60 Td (also ) Tj ET Q q 0 0 0 rg BT 314.19 455.60 Td (require ) Tj ET Q q 0 0 0 rg BT 345.33 455.60 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 397.02 455.60 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 452.05 455.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.31 455.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 496.02 455.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 518.28 455.60 Td (ef) Tj ET Q q 0 0 0 rg BT 525.87 455.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 547.02 455.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.60 Td (are ) Tj ET Q q 0 0 0 rg BT 65.00 443.60 Td (tar) Tj ET Q q 0 0 0 rg BT 75.36 443.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 99.81 443.60 Td (at ) Tj ET Q q 0 0 0 rg BT 109.82 443.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 137.05 443.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 193.43 443.60 Td (Similarly) Tj ET Q q 0 0 0 rg BT 230.00 443.60 Td (, ) Tj ET Q q 0 0 0 rg BT 235.29 443.60 Td (the ) Tj ET Q q 0 0 0 rg BT 250.30 443.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 268.07 443.60 Td (at ) Tj ET Q q 0 0 0 rg BT 278.08 443.60 Td (which ) Tj ET Q q 0 0 0 rg BT 305.31 443.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.43 443.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 364.77 443.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 403.09 443.60 Td (new ) Tj ET Q q 0 0 0 rg BT 422.54 443.60 Td (or ) Tj ET Q q 0 0 0 rg BT 433.66 443.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 474.21 443.60 Td (services ) Tj ET Q q 0 0 0 rg BT 509.21 443.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 544.77 443.60 Td (on ) Tj ET Q q 0 0 0 rg BT 557.56 443.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.60 Td (number ) Tj ET Q q 0 0 0 rg BT 84.23 431.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.25 431.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 129.64 431.60 Td (including ) Tj ET Q q 0 0 0 rg BT 171.10 431.60 Td (general ) Tj ET Q q 0 0 0 rg BT 204.21 431.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 246.77 431.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 292.12 431.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.24 431.60 Td (our ) Tj ET Q q 0 0 0 rg BT 327.26 431.60 Td (customers) Tj ET Q q 0 0 0 rg BT 370.39 431.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.08 431.60 Td (reaction ) Tj ET Q q 0 0 0 rg BT 409.96 431.60 Td (to ) Tj ET Q q 0 0 0 rg BT 421.43 431.60 Td (any ) Tj ET Q q 0 0 0 rg BT 439.55 431.60 Td (price ) Tj ET Q q 0 0 0 rg BT 463.22 431.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 499.12 431.60 Td (related ) Tj ET Q q 0 0 0 rg BT 530.00 431.60 Td (to ) Tj ET Q q 0 0 0 rg BT 541.47 431.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.49 419.60 Td (features ) Tj ET Q q 0 0 0 rg BT 126.64 419.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.57 419.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 180.78 419.60 Td (If ) Tj ET Q q 0 0 0 rg BT 189.94 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 205.77 419.60 Td (ef) Tj ET Q q 0 0 0 rg BT 213.36 419.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 234.19 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 244.47 419.60 Td (upsell ) Tj ET Q q 0 0 0 rg BT 270.85 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 281.13 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 296.96 419.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 340.01 419.60 Td (are ) Tj ET Q q 0 0 0 rg BT 354.72 419.60 Td (not ) Tj ET Q q 0 0 0 rg BT 370.00 419.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 413.59 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 429.42 419.60 Td (business ) Tj ET Q q 0 0 0 rg BT 465.82 419.60 Td (may ) Tj ET Q q 0 0 0 rg BT 485.53 419.60 Td (suf) Tj ET Q q 0 0 0 rg BT 497.57 419.60 Td (fer) Tj ET Q q 0 0 0 rg BT 508.12 419.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 395.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.54 395.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.31 395.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 120.29 395.60 Td (do ) Tj ET Q q 0 0 0 rg BT 132.61 395.60 Td (not ) Tj ET Q q 0 0 0 rg BT 148.26 395.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 175.58 395.60 Td (their ) Tj ET Q q 0 0 0 rg BT 197.34 395.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 254.12 395.60 Td (for ) Tj ET Q q 0 0 0 rg BT 268.66 395.60 Td (our ) Tj ET Q q 0 0 0 rg BT 285.43 395.60 Td (services ) Tj ET Q q 0 0 0 rg BT 319.95 395.60 Td (or ) Tj ET Q q 0 0 0 rg BT 331.16 395.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 361.24 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.34 395.60 Td (number ) Tj ET Q q 0 0 0 rg BT 410.89 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 421.53 395.60 Td (paying ) Tj ET Q q 0 0 0 rg BT 451.63 395.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 508.41 395.60 Td (at ) Tj ET Q q 0 0 0 rg BT 518.50 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.59 395.60 Td (time ) Tj ET Q q 0 0 0 rg BT 553.68 395.60 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 383.60 Td (renewal, ) Tj ET Q q 0 0 0 rg BT 87.00 383.60 Td (our ) Tj ET Q q 0 0 0 rg BT 103.18 383.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 137.68 383.60 Td (will ) Tj ET Q q 0 0 0 rg BT 154.41 383.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 185.56 383.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.85 383.60 Td (our ) Tj ET Q q 0 0 0 rg BT 219.03 383.60 Td (business ) Tj ET Q q 0 0 0 rg BT 255.77 383.60 Td (will ) Tj ET Q q 0 0 0 rg BT 272.50 383.60 Td (suf) Tj ET Q q 0 0 0 rg BT 285.10 383.60 Td (fer) Tj ET Q q 0 0 0 rg BT 296.21 383.60 Td (. ) Tj ET Q q 0 0 0 rg BT 300.43 383.60 Td (If ) Tj ET Q q 0 0 0 rg BT 309.38 383.60 Td (we ) Tj ET Q q 0 0 0 rg BT 322.21 383.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 352.28 383.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 396.77 383.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 426.82 383.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 479.12 383.60 Td (renewals ) Tj ET Q q 0 0 0 rg BT 517.51 383.60 Td (or ) Tj ET Q q 0 0 0 rg BT 528.13 383.60 Td (upgrade ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 371.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 75.00 371.60 Td (we ) Tj ET Q q 0 0 0 rg BT 88.61 371.60 Td (may ) Tj ET Q q 0 0 0 rg BT 108.33 371.60 Td (not ) Tj ET Q q 0 0 0 rg BT 124.17 371.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 146.10 371.60 Td (our ) Tj ET Q q 0 0 0 rg BT 163.05 371.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.32 371.60 Td (targets ) Tj ET Q q 0 0 0 rg BT 228.60 371.60 Td (which ) Tj ET Q q 0 0 0 rg BT 256.11 371.60 Td (may ) Tj ET Q q 0 0 0 rg BT 275.83 371.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 316.64 371.60 Td (af) Tj ET Q q 0 0 0 rg BT 324.79 371.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.28 371.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.55 371.60 Td (market ) Tj ET Q q 0 0 0 rg BT 388.94 371.60 Td (price ) Tj ET Q q 0 0 0 rg BT 411.99 371.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.82 371.60 Td (our ) Tj ET Q q 0 0 0 rg BT 439.77 371.60 Td (common ) Tj ET Q q 0 0 0 rg BT 477.83 371.60 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 347.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.60 347.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 150.21 347.60 Td (have ) Tj ET Q q 0 0 0 rg BT 173.14 347.60 Td (no ) Tj ET Q q 0 0 0 rg BT 187.19 347.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 231.79 347.60 Td (to ) Tj ET Q q 0 0 0 rg BT 243.63 347.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 272.11 347.60 Td (their ) Tj ET Q q 0 0 0 rg BT 294.49 347.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 351.32 347.60 Td (for ) Tj ET Q q 0 0 0 rg BT 367.03 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 384.41 347.60 Td (services ) Tj ET Q q 0 0 0 rg BT 420.67 347.60 Td (after ) Tj ET Q q 0 0 0 rg BT 443.04 347.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.31 347.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 503.91 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.29 347.60 Td (their ) Tj ET Q q 0 0 0 rg BT 538.67 347.60 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 101.59 335.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 132.33 335.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.47 335.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 197.16 335.60 Td (some ) Tj ET Q q 0 0 0 rg BT 220.97 335.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 264.22 335.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.80 335.60 Td (elected ) Tj ET Q q 0 0 0 rg BT 316.81 335.60 Td (not ) Tj ET Q q 0 0 0 rg BT 332.29 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.76 335.60 Td (do ) Tj ET Q q 0 0 0 rg BT 355.46 335.60 Td (so. ) Tj ET Q q 0 0 0 rg BT 369.56 335.60 Td (In ) Tj ET Q q 0 0 0 rg BT 380.59 335.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 418.56 335.60 Td (our ) Tj ET Q q 0 0 0 rg BT 434.59 335.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 477.84 335.60 Td (may ) Tj ET Q q 0 0 0 rg BT 497.75 335.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 524.88 335.60 Td (for ) Tj ET Q q 0 0 0 rg BT 539.24 335.60 Td (fewer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.60 Td (subscriptions, ) Tj ET Q q 0 0 0 rg BT 107.35 323.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 133.86 323.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.59 323.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 177.43 323.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 211.71 323.60 Td (lengths ) Tj ET Q q 0 0 0 rg BT 242.67 323.60 Td (or ) Tj ET Q q 0 0 0 rg BT 253.07 323.60 Td (switch ) Tj ET Q q 0 0 0 rg BT 281.26 323.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.11 323.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 315.95 323.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 334.13 323.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 361.76 323.60 Td (less ) Tj ET Q q 0 0 0 rg BT 378.83 323.60 Td (profitable ) Tj ET Q q 0 0 0 rg BT 419.78 323.60 Td (of) Tj ET Q q 0 0 0 rg BT 427.93 323.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 457.77 323.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.17 323.60 Td (our ) Tj ET Q q 0 0 0 rg BT 483.58 323.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 520.21 323.60 Td (W) Tj ET Q q 0 0 0 rg BT 528.85 323.60 Td (e ) Tj ET Q q 0 0 0 rg BT 535.36 323.60 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 94.58 311.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 125.84 311.60 Td (attrition ) Tj ET Q q 0 0 0 rg BT 161.00 311.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 183.37 311.60 Td (given ) Tj ET Q q 0 0 0 rg BT 209.09 311.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.92 311.60 Td (diverse ) Tj ET Q q 0 0 0 rg BT 258.29 311.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 298.45 311.60 Td (base ) Tj ET Q q 0 0 0 rg BT 319.71 311.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.65 311.60 Td (lar) Tj ET Q q 0 0 0 rg BT 348.02 311.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 360.95 311.60 Td (number ) Tj ET Q q 0 0 0 rg BT 395.00 311.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.83 311.60 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 451.98 311.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 504.36 311.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 546.46 311.60 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.60 Td (attrition ) Tj ET Q q 0 0 0 rg BT 84.52 299.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 106.26 299.60 Td (may ) Tj ET Q q 0 0 0 rg BT 126.34 299.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 161.96 299.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.15 299.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 211.00 299.60 Td (as ) Tj ET Q q 0 0 0 rg BT 222.19 299.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.49 299.60 Td (result ) Tj ET Q q 0 0 0 rg BT 254.57 299.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.76 299.60 Td (a ) Tj ET Q q 0 0 0 rg BT 273.06 299.60 Td (number ) Tj ET Q q 0 0 0 rg BT 306.47 299.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.67 299.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 350.24 299.60 Td (including ) Tj ET Q q 0 0 0 rg BT 390.87 299.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 430.39 299.60 Td (dissatisfaction ) Tj ET Q q 0 0 0 rg BT 490.46 299.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.11 299.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.30 299.60 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 90.24 287.60 Td (in ) Tj ET Q q 0 0 0 rg BT 99.96 287.60 Td (customers) Tj ET Q q 0 0 0 rg BT 143.10 287.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.03 287.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 183.08 287.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 210.84 287.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 251.09 287.60 Td (in ) Tj ET Q q 0 0 0 rg BT 260.81 287.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.96 287.60 Td (number ) Tj ET Q q 0 0 0 rg BT 307.45 287.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.71 287.60 Td (users ) Tj ET Q q 0 0 0 rg BT 340.21 287.60 Td (at ) Tj ET Q q 0 0 0 rg BT 349.36 287.60 Td (our ) Tj ET Q q 0 0 0 rg BT 364.63 287.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 409.61 287.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 439.88 287.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 478.46 287.60 Td (or ) Tj ET Q q 0 0 0 rg BT 488.73 287.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 522.88 287.60 Td (in ) Tj ET Q q 0 0 0 rg BT 532.59 287.60 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.37 275.60 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 251.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.88 251.60 Td (product ) Tj ET Q q 0 0 0 rg BT 102.76 251.60 Td (development ) Tj ET Q q 0 0 0 rg BT 156.62 251.60 Td (cycles ) Tj ET Q q 0 0 0 rg BT 183.25 251.60 Td (are ) Tj ET Q q 0 0 0 rg BT 198.79 251.60 Td (lengthy) Tj ET Q q 0 0 0 rg BT 228.98 251.60 Td (, ) Tj ET Q q 0 0 0 rg BT 233.69 251.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.46 251.60 Td (we ) Tj ET Q q 0 0 0 rg BT 264.77 251.60 Td (may ) Tj ET Q q 0 0 0 rg BT 284.20 251.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 308.64 251.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.74 251.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 393.61 251.60 Td (before ) Tj ET Q q 0 0 0 rg BT 421.92 251.60 Td (we ) Tj ET Q q 0 0 0 rg BT 435.24 251.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 472.99 251.60 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 514.36 251.60 Td (if ) Tj ET Q q 0 0 0 rg BT 522.68 251.60 Td (any) Tj ET Q q 0 0 0 rg BT 537.31 251.60 Td (, ) Tj ET Q q 0 0 0 rg BT 542.01 251.60 Td (from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 239.60 Td (new ) Tj ET Q q 0 0 0 rg BT 69.17 239.60 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 215.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 124.29 215.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.60 215.60 Td (products ) Tj ET Q q 0 0 0 rg BT 182.02 215.60 Td (are ) Tj ET Q q 0 0 0 rg BT 199.21 215.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 238.62 215.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.03 215.60 Td (require ) Tj ET Q q 0 0 0 rg BT 291.33 215.60 Td (rigorous ) Tj ET Q q 0 0 0 rg BT 329.64 215.60 Td (testing, ) Tj ET Q q 0 0 0 rg BT 363.78 215.60 Td (development ) Tj ET Q q 0 0 0 rg BT 420.41 215.60 Td (cycles ) Tj ET Q q 0 0 0 rg BT 450.37 215.60 Td (can ) Tj ET Q q 0 0 0 rg BT 469.23 215.60 Td (be ) Tj ET Q q 0 0 0 rg BT 483.65 215.60 Td (lengthy) Tj ET Q q 0 0 0 rg BT 512.99 215.60 Td (. ) Tj ET Q q 0 0 0 rg BT 520.47 215.60 Td (Moreover) Tj ET Q q 0 0 0 rg BT 559.50 215.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.60 Td (development ) Tj ET Q q 0 0 0 rg BT 104.95 203.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 139.90 203.60 Td (can ) Tj ET Q q 0 0 0 rg BT 157.07 203.60 Td (be ) Tj ET Q q 0 0 0 rg BT 169.81 203.60 Td (technically ) Tj ET Q q 0 0 0 rg BT 216.98 203.60 Td (challenging ) Tj ET Q q 0 0 0 rg BT 266.92 203.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 203.60 Td (expensive. ) Tj ET Q q 0 0 0 rg BT 330.20 203.60 Td (The ) Tj ET Q q 0 0 0 rg BT 349.05 203.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 377.33 203.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.96 203.60 Td (these ) Tj ET Q q 0 0 0 rg BT 412.80 203.60 Td (development ) Tj ET Q q 0 0 0 rg BT 467.75 203.60 Td (cycles ) Tj ET Q q 0 0 0 rg BT 496.03 203.60 Td (may ) Tj ET Q q 0 0 0 rg BT 516.55 203.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 542.05 203.60 Td (us ) Tj ET Q q 0 0 0 rg BT 554.24 203.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 94.71 191.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 121.66 191.60 Td (between ) Tj ET Q q 0 0 0 rg BT 156.38 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.00 191.60 Td (time ) Tj ET Q q 0 0 0 rg BT 189.18 191.60 Td (we ) Tj ET Q q 0 0 0 rg BT 202.25 191.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 224.20 191.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 261.70 191.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 304.20 191.60 Td (with ) Tj ET Q q 0 0 0 rg BT 323.38 191.60 Td (research ) Tj ET Q q 0 0 0 rg BT 358.09 191.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.94 191.60 Td (development ) Tj ET Q q 0 0 0 rg BT 426.99 191.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.84 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.46 191.60 Td (time ) Tj ET Q q 0 0 0 rg BT 475.64 191.60 Td (we ) Tj ET Q q 0 0 0 rg BT 488.70 191.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 523.97 191.60 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.60 Td (if ) Tj ET Q q 0 0 0 rg BT 58.84 179.60 Td (any) Tj ET Q q 0 0 0 rg BT 72.63 179.60 Td (, ) Tj ET Q q 0 0 0 rg BT 77.87 179.60 Td (from ) Tj ET Q q 0 0 0 rg BT 100.04 179.60 Td (such ) Tj ET Q q 0 0 0 rg BT 121.11 179.60 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 162.44 179.60 Td (If ) Tj ET Q q 0 0 0 rg BT 171.84 179.60 Td (we ) Tj ET Q q 0 0 0 rg BT 186.24 179.60 Td (expend ) Tj ET Q q 0 0 0 rg BT 217.85 179.60 Td (a ) Tj ET Q q 0 0 0 rg BT 225.02 179.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 269.97 179.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 302.70 179.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.77 179.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 354.26 179.60 Td (on ) Tj ET Q q 0 0 0 rg BT 367.00 179.60 Td (research ) Tj ET Q q 0 0 0 rg BT 403.04 179.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.21 179.60 Td (development ) Tj ET Q q 0 0 0 rg BT 474.60 179.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.77 179.60 Td (our ) Tj ET Q q 0 0 0 rg BT 507.84 179.60 Td (ef) Tj ET Q q 0 0 0 rg BT 515.43 179.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 536.49 179.60 Td (do ) Tj ET Q q 0 0 0 rg BT 549.23 179.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 69.07 167.60 Td (to ) Tj ET Q q 0 0 0 rg BT 79.27 167.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.91 167.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 137.43 167.60 Td (introduction ) Tj ET Q q 0 0 0 rg BT 188.73 167.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.48 167.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 255.22 167.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.97 167.60 Td (products ) Tj ET Q q 0 0 0 rg BT 302.82 167.60 Td (that ) Tj ET Q q 0 0 0 rg BT 320.24 167.60 Td (are ) Tj ET Q q 0 0 0 rg BT 334.87 167.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 384.49 167.60 Td (in ) Tj ET Q q 0 0 0 rg BT 394.69 167.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.33 167.60 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 463.10 167.60 Td (this ) Tj ET Q q 0 0 0 rg BT 479.97 167.60 Td (could ) Tj ET Q q 0 0 0 rg BT 504.61 167.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.56 167.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.18 155.60 Td (af) Tj ET Q q 0 0 0 rg BT 97.77 155.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 114.62 155.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.82 155.60 Td (business ) Tj ET Q q 0 0 0 rg BT 165.58 155.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.89 155.60 Td (results ) Tj ET Q q 0 0 0 rg BT 209.86 155.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.06 155.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 265.67 155.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 315.57 155.60 Td (, ) Tj ET Q q 0 0 0 rg BT 319.94 155.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 365.68 155.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 404.20 155.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 437.72 155.60 Td (for ) Tj ET Q q 0 0 0 rg BT 451.25 155.60 Td (a ) Tj ET Q q 0 0 0 rg BT 457.56 155.60 Td (product ) Tj ET Q q 0 0 0 rg BT 489.97 155.60 Td (we ) Tj ET Q q 0 0 0 rg BT 503.50 155.60 Td (are ) Tj ET Q q 0 0 0 rg BT 517.57 155.60 Td (developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.80 143.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 111.80 143.60 Td (after ) Tj ET Q q 0 0 0 rg BT 132.71 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.51 143.60 Td (development ) Tj ET Q q 0 0 0 rg BT 201.75 143.60 Td (cycle ) Tj ET Q q 0 0 0 rg BT 225.43 143.60 Td (has ) Tj ET Q q 0 0 0 rg BT 241.35 143.60 Td (commenced. ) Tj ET Q q 0 0 0 rg BT 294.74 143.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 317.33 143.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 359.33 143.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 398.57 143.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 432.82 143.60 Td (may ) Tj ET Q q 0 0 0 rg BT 452.62 143.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 477.41 143.60 Td (us ) Tj ET Q q 0 0 0 rg BT 488.89 143.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.26 143.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 515.17 143.60 Td (short ) Tj ET Q q 0 0 0 rg BT 537.76 143.60 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 143.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 72.16 131.60 Td (tar) Tj ET Q q 0 0 0 rg BT 82.53 131.60 Td (gets, ) Tj ET Q q 0 0 0 rg BT 103.86 131.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.03 131.60 Td (we ) Tj ET Q q 0 0 0 rg BT 135.41 131.60 Td (may ) Tj ET Q q 0 0 0 rg BT 155.35 131.60 Td (nonetheless ) Tj ET Q q 0 0 0 rg BT 204.73 131.60 Td (be ) Tj ET Q q 0 0 0 rg BT 216.89 131.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 246.27 131.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.78 131.60 Td (avoid ) Tj ET Q q 0 0 0 rg BT 281.72 131.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 327.22 131.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 349.94 131.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 393.76 131.60 Td (with ) Tj ET Q q 0 0 0 rg BT 414.26 131.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.20 131.60 Td (product) Tj ET Q q 0 0 0 rg BT 462.53 131.60 Td (s ) Tj ET Q q 0 0 0 rg BT 469.15 131.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 526.02 131.60 Td (If ) Tj ET Q q 0 0 0 rg BT 535.41 131.60 Td (we ) Tj ET Q q 0 0 0 rg BT 549.79 131.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 80.05 119.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.23 119.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 131.27 119.60 Td (product ) Tj ET Q q 0 0 0 rg BT 165.21 119.60 Td (development ) Tj ET Q q 0 0 0 rg BT 220.26 119.60 Td (cycles ) Tj ET Q q 0 0 0 rg BT 248.64 119.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 300.92 119.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.75 119.60 Td (in ) Tj ET Q q 0 0 0 rg BT 329.92 119.60 Td (a ) Tj ET Q q 0 0 0 rg BT 337.76 119.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 366.71 119.60 Td (fashion ) Tj ET Q q 0 0 0 rg BT 399.54 119.60 Td (and ) Tj ET Q q 0 0 0 rg BT 417.38 119.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 454.63 119.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 493.57 119.60 Td (from ) Tj ET Q q 0 0 0 rg BT 516.40 119.60 Td (such ) Tj ET Q q 0 0 0 rg BT 538.13 119.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 89.44 107.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 107.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 134.99 107.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.82 107.60 Td (our ) Tj ET Q q 0 0 0 rg BT 161.65 107.60 Td (business ) Tj ET Q q 0 0 0 rg BT 198.04 107.60 Td (may ) Tj ET Q q 0 0 0 rg BT 217.75 107.60 Td (be ) Tj ET Q q 0 0 0 rg BT 229.69 107.60 Td (harmed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 71.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 70.25 71.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 93.82 71.60 Td (cycle ) Tj ET Q q 0 0 0 rg BT 117.93 71.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.17 71.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 165.07 71.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.21 71.60 Td (often ) Tj ET Q q 0 0 0 rg BT 208.89 71.60 Td (lengthy) Tj ET Q q 0 0 0 rg BT 239.08 71.60 Td (, ) Tj ET Q q 0 0 0 rg BT 245.15 71.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 282.06 71.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 306.75 71.60 Td (many ) Tj ET Q q 0 0 0 rg BT 333.11 71.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 365.01 71.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 398.03 71.60 Td (our ) Tj ET Q q 0 0 0 rg BT 416.06 71.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 451.58 71.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.72 71.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 508.18 71.60 Td (us ) Tj ET Q q 0 0 0 rg BT 521.21 71.60 Td (to ) Tj ET Q q 0 0 0 rg BT 532.56 71.60 Td (expend ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 59.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 96.40 59.60 Td (time ) Tj ET Q q 0 0 0 rg BT 116.67 59.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.73 59.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 176.67 59.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 199.74 59.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.01 59.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 256.96 59.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 301.68 59.60 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 47.60 Td () Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.14 742.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 133.94 742.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 155.97 742.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 179.65 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.90 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.82 742.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 248.53 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.56 742.10 Td (services ) Tj ET Q q 0 0 0 rg BT 300.36 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.62 742.10 Td (lengthy ) Tj ET Q q 0 0 0 rg BT 342.20 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.23 742.10 Td (unpredictable, ) Tj ET Q q 0 0 0 rg BT 418.74 742.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 453.54 742.10 Td (pre-purchase ) Tj ET Q q 0 0 0 rg BT 507.77 742.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 552.01 742.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.87 730.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 103.51 730.10 Td (number ) Tj ET Q q 0 0 0 rg BT 137.49 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.25 730.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 183.24 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.45 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.21 730.10 Td (customers) Tj ET Q q 0 0 0 rg BT 254.34 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.78 730.10 Td (or) Tj ET Q q 0 0 0 rg BT 265.92 730.10 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 317.40 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.27 730.10 Td (often ) Tj ET Q q 0 0 0 rg BT 359.25 730.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 396.57 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.44 730.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 450.08 730.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 498.49 730.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 535.25 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 548.68 730.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.51 718.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 113.52 718.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 135.41 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 143.00 718.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 163.79 718.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 196.24 718.10 Td (educating ) Tj ET Q q 0 0 0 rg BT 237.57 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.36 718.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 296.37 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.26 718.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 348.50 718.10 Td (analysts ) Tj ET Q q 0 0 0 rg BT 383.18 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.07 718.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 447.53 718.10 Td (about ) Tj ET Q q 0 0 0 rg BT 472.20 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.88 718.10 Td (use ) Tj ET Q q 0 0 0 rg BT 502.67 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.56 718.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 553.68 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.73 706.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 106.74 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 146.91 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.52 706.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 200.01 706.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 247.94 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.67 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.40 706.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 312.91 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.75 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.36 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 351.95 706.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 392.65 706.10 Td (achievable ) Tj ET Q q 0 0 0 rg BT 437.80 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.20 706.10 Td (or) Tj ET Q q 0 0 0 rg BT 458.35 706.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 506.28 706.10 Td (deploying ) Tj ET Q q 0 0 0 rg BT 548.68 706.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 91.12 694.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 136.40 694.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 173.89 694.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 215.81 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.75 694.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 267.46 694.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 311.61 694.10 Td (process.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 670.10 Td (e regard our intellectual property in general and our software in particular) Tj ET Q q 0 0 0 rg BT 365.68 670.10 Td (, as critical to our success, and we may not be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (able to ef) Tj ET Q q 0 0 0 rg BT 87.58 658.10 Td (fectively or ef) Tj ET Q q 0 0 0 rg BT 142.92 658.10 Td (ficiently protect our intellectual property) Tj ET Q q 0 0 0 rg BT 309.19 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 634.10 Td (e ) Tj ET Q q 0 0 0 rg BT 102.24 634.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 120.95 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.12 634.10 Td (copyright ) Tj ET Q q 0 0 0 rg BT 175.60 634.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 197.10 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.70 634.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 249.52 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.12 634.10 Td (nondisclosure ) Tj ET Q q 0 0 0 rg BT 325.83 634.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 374.53 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.47 634.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 416.40 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.89 634.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 480.48 634.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 506.42 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 517.92 634.10 Td (well ) Tj ET Q q 0 0 0 rg BT 538.30 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 96.87 622.10 Td (property ) Tj ET Q q 0 0 0 rg BT 133.19 622.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 158.41 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.18 622.10 Td (third ) Tj ET Q q 0 0 0 rg BT 190.52 622.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 219.61 622.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 247.61 622.10 Td (content ) Tj ET Q q 0 0 0 rg BT 279.49 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 293.59 622.10 Td (license. ) Tj ET Q q 0 0 0 rg BT 326.30 622.10 Td (However) Tj ET Q q 0 0 0 rg BT 362.55 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.49 622.10 Td (it ) Tj ET Q q 0 0 0 rg BT 375.49 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.61 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 399.83 622.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 435.05 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.27 622.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 477.70 622.10 Td (all ) Tj ET Q q 0 0 0 rg BT 490.14 622.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 544.79 622.10 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.41 610.10 Td (these ) Tj ET Q q 0 0 0 rg BT 83.04 610.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 110.25 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 118.88 610.10 Td (e ) Tj ET Q q 0 0 0 rg BT 125.40 610.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 154.14 610.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 186.76 610.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 231.60 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.68 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.97 610.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 285.05 610.10 Td (we ) Tj ET Q q 0 0 0 rg BT 298.79 610.10 Td (have ) Tj ET Q q 0 0 0 rg BT 319.75 610.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 343.49 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.35 610.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 383.19 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.60 610.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 445.10 610.10 Td (property ) Tj ET Q q 0 0 0 rg BT 481.06 610.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 508.42 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.94 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.23 610.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.65 598.10 Td (those ) Tj ET Q q 0 0 0 rg BT 86.08 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.85 598.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 137.17 598.10 Td (we ) Tj ET Q q 0 0 0 rg BT 152.15 598.10 Td (license ) Tj ET Q q 0 0 0 rg BT 183.24 598.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 230.98 598.10 Td (property) Tj ET Q q 0 0 0 rg BT 264.21 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.03 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.56 598.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 324.42 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.52 598.10 Td (deter ) Tj ET Q q 0 0 0 rg BT 358.83 598.10 Td (misappropriation ) Tj ET Q q 0 0 0 rg BT 430.47 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.12 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 460.44 598.10 Td (we ) Tj ET Q q 0 0 0 rg BT 475.42 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 494.30 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 507.07 598.10 Td (able ) Tj ET Q q 0 0 0 rg BT 527.04 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.14 598.10 Td (detect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 104.73 586.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 124.48 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.45 586.10 Td (take ) Tj ET Q q 0 0 0 rg BT 160.63 586.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 188.72 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.68 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.27 586.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 243.00 586.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 265.53 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.84 586.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 308.35 586.10 Td (this ) Tj ET Q q 0 0 0 rg BT 325.33 586.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 380.06 586.10 Td (conduct. ) Tj ET Q q 0 0 0 rg BT 416.75 586.10 Td (In ) Tj ET Q q 0 0 0 rg BT 427.61 586.10 Td (particular) Tj ET Q q 0 0 0 rg BT 465.52 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 470.55 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.51 586.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 522.26 586.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.67 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.19 574.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 98.69 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.22 574.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 139.07 574.10 Td (internationally) Tj ET Q q 0 0 0 rg BT 196.73 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.09 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 240.73 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.36 574.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 301.67 574.10 Td (where ) Tj ET Q q 0 0 0 rg BT 327.96 574.10 Td (protecting ) Tj ET Q q 0 0 0 rg BT 370.36 574.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 416.64 574.10 Td (property ) Tj ET Q q 0 0 0 rg BT 452.38 574.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 477.01 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 496.09 574.10 Td (prove ) Tj ET Q q 0 0 0 rg BT 520.72 574.10 Td (even ) Tj ET Q q 0 0 0 rg BT 541.45 574.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (challenging. ) Tj ET Q q 0 0 0 rg BT 101.18 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.59 562.10 Td (o ) Tj ET Q q 0 0 0 rg BT 113.77 562.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 145.94 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.45 562.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 190.30 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.26 562.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 254.65 562.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 274.05 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.57 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.08 562.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 346.69 562.10 Td (property) Tj ET Q q 0 0 0 rg BT 379.92 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 384.60 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 398.44 562.10 Td (might ) Tj ET Q q 0 0 0 rg BT 423.96 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 435.59 562.10 Td (required ) Tj ET Q q 0 0 0 rg BT 471.09 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.05 562.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 511.55 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.51 562.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 547.58 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 117.49 550.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 156.10 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.04 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 187.20 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.91 550.10 Td (not ) Tj ET Q q 0 0 0 rg BT 222.19 550.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 265.24 550.10 Td (prevail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (If ) Tj ET Q q 0 0 0 rg BT 59.93 526.10 Td (we ) Tj ET Q q 0 0 0 rg BT 73.74 526.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 109.79 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.05 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.54 526.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 187.35 526.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 213.96 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.99 526.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 255.76 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.92 526.10 Td (business ) Tj ET Q q 0 0 0 rg BT 310.63 526.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 356.68 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.60 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.75 526.10 Td (disrupted, ) Tj ET Q q 0 0 0 rg BT 432.29 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.56 526.10 Td (any ) Tj ET Q q 0 0 0 rg BT 468.26 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 499.29 526.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 539.23 526.10 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 514.10 Td (time ) Tj ET Q q 0 0 0 rg BT 82.21 514.10 Td (consuming ) Tj ET Q q 0 0 0 rg BT 130.28 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.34 514.10 Td (costly) Tj ET Q q 0 0 0 rg BT 171.30 514.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 110.89 490.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 140.22 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.11 490.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 184.99 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.66 490.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.00 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 238.55 490.10 Td (violated ) Tj ET Q q 0 0 0 rg BT 273.43 490.10 Td (their ) Tj ET Q q 0 0 0 rg BT 294.43 490.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 341.53 490.10 Td (property ) Tj ET Q q 0 0 0 rg BT 378.08 490.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 405.44 490.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 425.33 490.10 Td (such ) Tj ET Q q 0 0 0 rg BT 446.34 490.10 Td (claim, ) Tj ET Q q 0 0 0 rg BT 473.72 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.17 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.18 490.10 Td (without ) Tj ET Q q 0 0 0 rg BT 538.41 490.10 Td (merit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.73 478.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 107.57 478.10 Td (us ) Tj ET Q q 0 0 0 rg BT 119.97 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.26 478.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 158.66 478.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 198.28 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.23 478.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 243.07 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.80 478.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 297.30 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.14 478.10 Td (key ) Tj ET Q q 0 0 0 rg BT 327.09 478.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 371.73 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 377.14 478.10 Td (o ) Tj ET Q q 0 0 0 rg BT 385.65 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.38 478.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 429.33 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.83 478.10 Td (we ) Tj ET Q q 0 0 0 rg BT 463.00 478.10 Td (violate ) Tj ET Q q 0 0 0 rg BT 493.73 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.68 478.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 529.63 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 478.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 96.81 466.10 Td (property ) Tj ET Q q 0 0 0 rg BT 133.07 466.10 Td (right ) Tj ET Q q 0 0 0 rg BT 154.34 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.05 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.87 466.10 Td (third ) Tj ET Q q 0 0 0 rg BT 193.14 466.10 Td (party) Tj ET Q q 0 0 0 rg BT 213.04 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.92 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.96 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 251.56 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.38 466.10 Td (prevented ) Tj ET Q q 0 0 0 rg BT 305.19 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 327.01 466.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 367.16 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.87 466.10 Td (business ) Tj ET Q q 0 0 0 rg BT 419.15 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.86 466.10 Td (planned, ) Tj ET Q q 0 0 0 rg BT 466.40 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.22 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 497.26 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 516.86 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.68 466.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.18 454.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 77.02 454.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 116.90 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.08 454.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 154.48 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.31 454.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 193.98 454.10 Td (if ) Tj ET Q q 0 0 0 rg BT 202.49 454.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 243.47 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.65 454.10 Td (use ) Tj ET Q q 0 0 0 rg BT 269.38 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.00 454.10 Td (right ) Tj ET Q q 0 0 0 rg BT 305.29 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.02 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.19 454.10 Td (use ) Tj ET Q q 0 0 0 rg BT 341.92 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.76 454.10 Td (non-infringing ) Tj ET Q q 0 0 0 rg BT 409.49 454.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 444.38 454.10 Td (if ) Tj ET Q q 0 0 0 rg BT 452.89 454.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 490.57 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.75 454.10 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 548.69 454.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 95.36 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 113.41 442.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 132.02 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.85 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 163.68 442.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 196.17 442.10 Td (could ) Tj ET Q q 0 0 0 rg BT 220.88 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 242.26 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.20 442.10 Td (material ) Tj ET Q q 0 0 0 rg BT 284.46 442.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 317.50 442.10 Td (ef) Tj ET Q q 0 0 0 rg BT 325.08 442.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.57 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.07 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.90 442.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 418.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 97.03 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.09 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.37 418.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 168.98 418.10 Td (services ) Tj ET Q q 0 0 0 rg BT 203.69 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.52 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.47 418.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 259.54 418.10 Td (management ) Tj ET Q q 0 0 0 rg BT 315.37 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.43 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.39 418.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 378.44 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.72 418.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 417.88 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.94 418.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 462.89 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 487.06 418.10 Td (key ) Tj ET Q q 0 0 0 rg BT 503.44 418.10 Td (personnel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.44 394.10 Td (future ) Tj ET Q q 0 0 0 rg BT 133.21 394.10 Td (success ) Tj ET Q q 0 0 0 rg BT 167.08 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.64 394.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 232.08 394.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 277.06 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.95 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.06 394.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 350.38 394.10 Td (services ) Tj ET Q q 0 0 0 rg BT 386.47 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.80 394.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 451.46 394.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 508.12 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 537.56 394.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.52 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 143.37 382.10 Td (key ) Tj ET Q q 0 0 0 rg BT 160.25 382.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 204.06 382.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 252.58 382.10 Td (Robin ) Tj ET Q q 0 0 0 rg BT 279.46 382.10 Td (Raina, ) Tj ET Q q 0 0 0 rg BT 307.72 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.48 382.10 Td (President ) Tj ET Q q 0 0 0 rg BT 363.13 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.00 382.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 404.65 382.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 447.06 382.10 Td (Of) Tj ET Q q 0 0 0 rg BT 457.44 382.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 475.35 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.28 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.16 382.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 539.02 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 78.44 370.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 102.16 370.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 143.10 370.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 166.82 370.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 208.31 370.10 Td (Of) Tj ET Q q 0 0 0 rg BT 218.68 370.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 238.50 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.33 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.05 370.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.44 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.72 370.10 Td (1999, ) Tj ET Q q 0 0 0 rg BT 335.73 370.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 347.40 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 351.40 370.10 Td (Raina's ) Tj ET Q q 0 0 0 rg BT 381.92 370.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 417.30 370.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 454.35 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.29 370.10 Td (vision ) Tj ET Q q 0 0 0 rg BT 496.24 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.40 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 370.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.43 358.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 146.58 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.30 358.10 Td (such ) Tj ET Q q 0 0 0 rg BT 178.02 358.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 215.95 358.10 Td (has ) Tj ET Q q 0 0 0 rg BT 231.67 358.10 Td (been ) Tj ET Q q 0 0 0 rg BT 252.93 358.10 Td (instrumental ) Tj ET Q q 0 0 0 rg BT 305.31 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.47 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.19 358.10 Td (profitable ) Tj ET Q q 0 0 0 rg BT 372.45 358.10 Td (turnaround ) Tj ET Q q 0 0 0 rg BT 418.72 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.54 358.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 468.59 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 486.52 358.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 504.47 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.19 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.79 358.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 346.10 Td (any ) Tj ET Q q 0 0 0 rg BT 77.83 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.69 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.56 346.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 145.40 346.10 Td (of) Tj ET Q q 0 0 0 rg BT 153.55 346.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 178.29 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.15 346.10 Td (other ) Tj ET Q q 0 0 0 rg BT 212.23 346.10 Td (key ) Tj ET Q q 0 0 0 rg BT 229.20 346.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 274.49 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 299.24 346.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 322.32 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.18 346.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 377.10 346.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 395.19 346.10 Td (future ) Tj ET Q q 0 0 0 rg BT 421.60 346.10 Td (success ) Tj ET Q q 0 0 0 rg BT 454.12 346.10 Td (also ) Tj ET Q q 0 0 0 rg BT 472.76 346.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 508.06 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.59 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.45 346.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 334.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 97.21 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.48 334.10 Td (attract, ) Tj ET Q q 0 0 0 rg BT 137.46 334.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 162.72 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.66 334.10 Td (motivate ) Tj ET Q q 0 0 0 rg BT 217.15 334.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 245.20 334.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 274.36 334.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 322.12 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 331.28 334.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.44 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.14 334.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.42 334.10 Td (able ) Tj ET Q q 0 0 0 rg BT 394.57 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.85 334.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 432.33 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.26 334.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 474.52 334.10 Td (key ) Tj ET Q q 0 0 0 rg BT 491.46 334.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 520.62 334.10 Td (personnel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 322.10 Td (business ) Tj ET Q q 0 0 0 rg BT 102.22 322.10 Td (could ) Tj ET Q q 0 0 0 rg BT 126.94 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.88 322.10 Td (harmed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 75.84 298.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 111.11 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.94 298.10 Td (Our) Tj ET Q q 0 0 0 rg BT 139.54 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.04 298.10 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 181.22 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.05 298.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 231.23 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.29 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.12 298.10 Td (Internet) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.02 274.10 Td (software ) Tj ET Q q 0 0 0 rg BT 106.36 274.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 145.95 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 161.62 274.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 200.06 274.10 Td (through ) Tj ET Q q 0 0 0 rg BT 235.76 274.10 Td (cloud-based ) Tj ET Q q 0 0 0 rg BT 287.54 274.10 Td (implementations, ) Tj ET Q q 0 0 0 rg BT 360.72 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.63 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 387.08 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 408.88 274.10 Td (implementations ) Tj ET Q q 0 0 0 rg BT 479.56 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.23 274.10 Td (compromised ) Tj ET Q q 0 0 0 rg BT 552.57 274.10 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (data ) Tj ET Q q 0 0 0 rg BT 70.95 262.10 Td (security ) Tj ET Q q 0 0 0 rg BT 106.34 262.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 146.18 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 158.24 262.10 Td (other ) Tj ET Q q 0 0 0 rg BT 183.09 262.10 Td (disruptions, ) Tj ET Q q 0 0 0 rg BT 234.89 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.52 262.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 298.48 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 324.43 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.05 262.10 Td (harmed, ) Tj ET Q q 0 0 0 rg BT 374.39 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.13 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 407.41 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 433.36 262.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 452.64 262.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 497.49 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.55 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.16 262.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.22 262.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 96.40 250.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.24 226.10 Td (software ) Tj ET Q q 0 0 0 rg BT 139.35 226.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 177.16 226.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 213.84 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.73 226.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 266.07 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.54 226.10 Td (cloud-based ) Tj ET Q q 0 0 0 rg BT 325.54 226.10 Td (environments, ) Tj ET Q q 0 0 0 rg BT 384.16 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.63 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 419.75 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.77 226.10 Td (products ) Tj ET Q q 0 0 0 rg BT 470.90 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.02 226.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 529.80 226.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 214.10 Td (made ) Tj ET Q q 0 0 0 rg BT 87.86 214.10 Td (available ) Tj ET Q q 0 0 0 rg BT 125.95 214.10 Td (using ) Tj ET Q q 0 0 0 rg BT 149.62 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.05 214.10 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 220.24 214.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 278.60 214.10 Td (In ) Tj ET Q q 0 0 0 rg BT 288.93 214.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 313.15 214.10 Td (deployments, ) Tj ET Q q 0 0 0 rg BT 368.75 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.97 214.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 438.83 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.15 214.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 493.92 214.10 Td (service ) Tj ET Q q 0 0 0 rg BT 524.23 214.10 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.27 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 84.21 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.48 202.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 143.96 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.12 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.50 202.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 221.64 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.36 202.10 Td (hacking ) Tj ET Q q 0 0 0 rg BT 266.95 202.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 308.50 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 331.98 202.10 Td (security ) Tj ET Q q 0 0 0 rg BT 366.58 202.10 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 406.99 202.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 447.70 202.10 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 481.46 202.10 Td (telecommunications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (failures, ) Tj ET Q q 0 0 0 rg BT 84.99 190.10 Td (power ) Tj ET Q q 0 0 0 rg BT 112.48 190.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 133.04 190.10 Td (other ) Tj ET Q q 0 0 0 rg BT 156.08 190.10 Td (system ) Tj ET Q q 0 0 0 rg BT 186.36 190.10 Td (failures ) Tj ET Q q 0 0 0 rg BT 218.85 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.79 190.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 266.06 190.10 Td (disruptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.50 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.11 166.10 Td (these ) Tj ET Q q 0 0 0 rg BT 138.93 166.10 Td (occurrences, ) Tj ET Q q 0 0 0 rg BT 191.45 166.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 225.94 166.10 Td (intentional ) Tj ET Q q 0 0 0 rg BT 270.99 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.59 166.10 Td (accidental, ) Tj ET Q q 0 0 0 rg BT 326.90 166.10 Td (could ) Tj ET Q q 0 0 0 rg BT 351.39 166.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 370.33 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.38 166.10 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 436.26 166.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 464.09 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.70 166.10 Td (cessation ) Tj ET Q q 0 0 0 rg BT 513.63 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 166.10 Td (operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.92 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.72 154.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 106.62 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 154.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 162.89 154.10 Td (service ) Tj ET Q q 0 0 0 rg BT 193.79 154.10 Td (providers) Tj ET Q q 0 0 0 rg BT 234.15 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.73 154.10 Td (used ) Tj ET Q q 0 0 0 rg BT 257.65 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.23 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.15 154.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 331.78 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.80 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.17 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.97 154.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 428.76 154.10 Td (use ) Tj ET Q q 0 0 0 rg BT 444.67 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.59 154.10 Td (access ) Tj ET Q q 0 0 0 rg BT 483.71 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.63 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.54 154.10 Td (software ) Tj ET Q q 0 0 0 rg BT 547.56 154.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 96.60 142.10 Td (information ) Tj ET Q q 0 0 0 rg BT 145.99 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.61 142.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 199.78 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.29 142.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 260.22 142.10 Td (data ) Tj ET Q q 0 0 0 rg BT 279.06 142.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 305.67 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.18 142.10 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 363.35 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.53 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.04 142.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 429.99 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 447.72 142.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 483.23 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.73 142.10 Td (service ) Tj ET Q q 0 0 0 rg BT 524.23 142.10 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.24 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 84.14 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.38 130.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 143.83 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.51 130.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 187.96 130.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 234.76 130.10 Td (access ) Tj ET Q q 0 0 0 rg BT 263.20 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.88 130.10 Td (their ) Tj ET Q q 0 0 0 rg BT 295.11 130.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 324.13 130.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 361.74 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.08 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.77 130.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 418.21 130.10 Td (their ) Tj ET Q q 0 0 0 rg BT 439.44 130.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 468.45 130.10 Td (services ) Tj ET Q q 0 0 0 rg BT 503.56 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.91 130.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.21 118.10 Td (information ) Tj ET Q q 0 0 0 rg BT 136.99 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 157.98 118.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 211.74 118.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 229.13 118.10 Td (access ) Tj ET Q q 0 0 0 rg BT 256.23 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.12 118.10 Td (disclosure, ) Tj ET Q q 0 0 0 rg BT 310.72 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 334.50 118.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 358.27 118.10 Td (us ) Tj ET Q q 0 0 0 rg BT 368.72 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.05 118.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 395.72 118.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 437.83 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.83 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.16 118.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 485.27 118.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 529.04 118.10 Td (liability) Tj ET Q q 0 0 0 rg BT 559.50 118.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 106.10 Td (could ) Tj ET Q q 0 0 0 rg BT 91.66 106.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 114.70 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.53 106.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 176.07 106.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 214.97 106.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 252.45 106.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 292.72 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.66 106.10 Td (results ) Tj ET Q q 0 0 0 rg BT 338.27 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.10 106.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 70.10 Td (e face risks in the transmittal of individual health-related and other personal information.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.52 742.10 Td (face ) Tj ET Q q 0 0 0 rg BT 120.60 742.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 158.03 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 179.37 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.24 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.67 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 273.32 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 316.86 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.08 742.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 377.29 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.17 742.10 Td (transmitting ) Tj ET Q q 0 0 0 rg BT 444.94 742.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 481.26 742.10 Td (account ) Tj ET Q q 0 0 0 rg BT 514.79 742.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.14 730.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 102.61 730.10 Td (social ) Tj ET Q q 0 0 0 rg BT 128.08 730.10 Td (security ) Tj ET Q q 0 0 0 rg BT 161.88 730.10 Td (numbers ) Tj ET Q q 0 0 0 rg BT 198.46 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.05 730.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 257.74 730.10 Td (health-related ) Tj ET Q q 0 0 0 rg BT 314.86 730.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 366.24 730.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 385.61 730.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 429.96 730.10 Td (breakdown, ) Tj ET Q q 0 0 0 rg BT 479.04 730.10 Td (invasion, ) Tj ET Q q 0 0 0 rg BT 517.57 730.10 Td (destruction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.88 718.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 112.65 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.53 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.42 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 192.18 718.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 240.17 718.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 275.39 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.39 718.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 350.80 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 364.36 718.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 413.17 718.10 Td (others ) Tj ET Q q 0 0 0 rg BT 441.17 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 462.50 718.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 508.25 718.10 Td (access ) Tj ET Q q 0 0 0 rg BT 537.34 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 718.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 86.07 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.31 706.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 150.41 706.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 182.87 706.10 Td (could ) Tj ET Q q 0 0 0 rg BT 206.99 706.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 250.54 706.10 Td (af) Tj ET Q q 0 0 0 rg BT 258.13 706.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.02 706.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 320.94 706.10 Td (There ) Tj ET Q q 0 0 0 rg BT 346.16 706.10 Td (can ) Tj ET Q q 0 0 0 rg BT 361.94 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.28 706.10 Td (no ) Tj ET Q q 0 0 0 rg BT 385.18 706.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 425.95 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.85 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 456.42 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 473.88 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 488.56 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.90 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 530.13 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.81 706.10 Td (cyber ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.92 694.10 Td (incidents ) Tj ET Q q 0 0 0 rg BT 122.28 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.53 694.10 Td (bypass ) Tj ET Q q 0 0 0 rg BT 169.01 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.60 694.10 Td (security ) Tj ET Q q 0 0 0 rg BT 218.52 694.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 260.49 694.10 Td (result ) Tj ET Q q 0 0 0 rg BT 284.96 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.48 694.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 327.30 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.89 694.10 Td (theft ) Tj ET Q q 0 0 0 rg BT 358.47 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.06 694.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 405.20 694.10 Td (health ) Tj ET Q q 0 0 0 rg BT 431.89 694.10 Td (information ) Tj ET Q q 0 0 0 rg BT 481.37 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.96 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.76 694.10 Td (data ) Tj ET Q q 0 0 0 rg BT 533.68 694.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.41 682.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 91.02 682.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 110.98 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.94 682.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 150.34 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 682.10 Td (information ) Tj ET Q q 0 0 0 rg BT 214.14 682.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 247.44 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.40 682.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 295.30 682.10 Td (While ) Tj ET Q q 0 0 0 rg BT 321.36 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.65 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 355.16 682.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 390.11 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.52 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.36 682.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 455.53 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.49 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.45 682.10 Td (data ) Tj ET Q q 0 0 0 rg BT 498.73 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.80 682.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 97.05 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.45 670.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 136.71 670.10 Td (these ) Tj ET Q q 0 0 0 rg BT 159.87 670.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 183.88 670.10 Td (there ) Tj ET Q q 0 0 0 rg BT 206.48 670.10 Td (can ) Tj ET Q q 0 0 0 rg BT 222.98 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.03 670.10 Td (no ) Tj ET Q q 0 0 0 rg BT 247.65 670.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 289.14 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.75 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.70 670.10 Td (ef) Tj ET Q q 0 0 0 rg BT 330.28 670.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 351.23 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 369.40 670.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 402.01 670.10 Td (breakdowns ) Tj ET Q q 0 0 0 rg BT 452.94 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.89 670.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 501.48 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.88 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.83 670.10 Td (systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.44 658.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 101.55 658.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 155.65 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.55 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.77 658.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 227.43 658.10 Td (service ) Tj ET Q q 0 0 0 rg BT 257.64 658.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 297.30 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 316.42 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 331.09 658.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 362.97 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.19 658.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 400.64 658.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 426.41 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 446.63 658.10 Td (system ) Tj ET Q q 0 0 0 rg BT 476.30 658.10 Td (failures. ) Tj ET Q q 0 0 0 rg BT 510.68 658.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 528.13 658.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 646.10 Td (business ) Tj ET Q q 0 0 0 rg BT 104.43 646.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 154.70 646.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 196.06 646.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 235.20 646.10 Td (may ) Tj ET Q q 0 0 0 rg BT 255.47 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 271.30 646.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.79 646.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 322.37 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.20 646.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 355.14 646.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 405.40 646.10 Td (us ) Tj ET Q q 0 0 0 rg BT 417.34 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.05 646.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 458.99 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 477.04 646.10 Td (may ) Tj ET Q q 0 0 0 rg BT 497.31 646.10 Td (occur) Tj ET Q q 0 0 0 rg BT 518.96 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.52 646.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 543.12 646.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (would ) Tj ET Q q 0 0 0 rg BT 78.44 634.10 Td (include ) Tj ET Q q 0 0 0 rg BT 111.31 634.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 145.84 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.06 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.82 634.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 217.80 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.68 634.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 279.11 634.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 302.54 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.76 634.10 Td (address ) Tj ET Q q 0 0 0 rg BT 347.19 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.06 634.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 407.92 634.10 Td (any ) Tj ET Q q 0 0 0 rg BT 425.80 634.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 466.45 634.10 Td (encountered, ) Tj ET Q q 0 0 0 rg BT 521.25 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.02 634.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.67 634.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 88.61 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.55 622.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 143.04 622.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.52 622.10 Td (penalties.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.17 598.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 113.91 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.74 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.69 598.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 177.53 598.10 Td (connections ) Tj ET Q q 0 0 0 rg BT 229.48 598.10 Td (could ) Tj ET Q q 0 0 0 rg BT 254.76 598.10 Td (af) Tj ET Q q 0 0 0 rg BT 262.91 598.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 280.40 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.67 598.10 Td (success ) Tj ET Q q 0 0 0 rg BT 328.73 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.56 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.51 598.10 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 419.01 598.10 Td (products ) Tj ET Q q 0 0 0 rg BT 457.07 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.13 598.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 106.54 574.10 Td (system ) Tj ET Q q 0 0 0 rg BT 137.64 574.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 169.55 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 210.64 574.10 Td (network, ) Tj ET Q q 0 0 0 rg BT 249.23 574.10 Td (software ) Tj ET Q q 0 0 0 rg BT 286.98 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.63 574.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 339.15 574.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 371.06 574.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.37 574.10 Td (causes ) Tj ET Q q 0 0 0 rg BT 418.79 574.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.55 574.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 482.08 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.18 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.83 574.10 Td (network ) Tj ET Q q 0 0 0 rg BT 545.92 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.57 574.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.07 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.51 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.39 562.10 Td (responsiveness ) Tj ET Q q 0 0 0 rg BT 171.04 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.03 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.02 562.10 Td (website ) Tj ET Q q 0 0 0 rg BT 228.23 562.10 Td (could ) Tj ET Q q 0 0 0 rg BT 252.10 562.10 Td (result ) Tj ET Q q 0 0 0 rg BT 275.98 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.42 562.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 318.73 562.10 Td (user ) Tj ET Q q 0 0 0 rg BT 337.05 562.10 Td (traf) Tj ET Q q 0 0 0 rg BT 350.74 562.10 Td (fic ) Tj ET Q q 0 0 0 rg BT 362.95 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.05 562.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 412.35 562.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 448.16 562.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 491.48 562.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 521.47 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.91 562.10 Td (Internet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 75.49 550.10 Td (could ) Tj ET Q q 0 0 0 rg BT 100.44 550.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 125.37 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.54 550.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 169.68 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.18 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.12 550.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 225.62 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.68 550.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 270.50 550.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 317.10 550.10 Td (service. ) Tj ET Q q 0 0 0 rg BT 350.44 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 359.08 550.10 Td (ebsites ) Tj ET Q q 0 0 0 rg BT 389.02 550.10 Td (have ) Tj ET Q q 0 0 0 rg BT 410.62 550.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 461.65 550.10 Td (service ) Tj ET Q q 0 0 0 rg BT 492.69 550.10 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 546.52 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.58 550.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (result ) Tj ET Q q 0 0 0 rg BT 74.08 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.27 538.10 Td (outages ) Tj ET Q q 0 0 0 rg BT 116.67 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.97 538.10 Td (other ) Tj ET Q q 0 0 0 rg BT 155.38 538.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 182.79 538.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 222.96 538.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 268.71 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.79 538.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 327.42 538.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 360.37 538.10 Td (network ) Tj ET Q q 0 0 0 rg BT 395.00 538.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 453.22 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 463.41 538.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 500.55 538.10 Td (there ) Tj ET Q q 0 0 0 rg BT 522.39 538.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 538.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (several ) Tj ET Q q 0 0 0 rg BT 79.77 526.10 Td (incidents ) Tj ET Q q 0 0 0 rg BT 117.33 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.56 526.10 Td (which ) Tj ET Q q 0 0 0 rg BT 152.46 526.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 198.35 526.10 Td (have ) Tj ET Q q 0 0 0 rg BT 218.69 526.10 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 270.69 526.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 299.35 526.10 Td (service ) Tj ET Q q 0 0 0 rg BT 329.12 526.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 375.02 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.81 526.10 Td (major ) Tj ET Q q 0 0 0 rg BT 409.59 526.10 Td (e-commerce ) Tj ET Q q 0 0 0 rg BT 460.45 526.10 Td (websites. ) Tj ET Q q 0 0 0 rg BT 498.85 526.10 Td (If ) Tj ET Q q 0 0 0 rg BT 506.96 526.10 Td (these ) Tj ET Q q 0 0 0 rg BT 528.96 526.10 Td (outages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 76.88 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 86.53 514.10 Td (service ) Tj ET Q q 0 0 0 rg BT 116.18 514.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 161.95 514.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 204.38 514.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 227.91 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.02 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.56 514.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 278.27 514.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 302.36 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.02 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.68 514.10 Td (web-based ) Tj ET Q q 0 0 0 rg BT 370.77 514.10 Td (services ) Tj ET Q q 0 0 0 rg BT 404.30 514.10 Td (could ) Tj ET Q q 0 0 0 rg BT 427.85 514.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 449.73 514.10 Td (more ) Tj ET Q q 0 0 0 rg BT 471.60 514.10 Td (slowly ) Tj ET Q q 0 0 0 rg BT 499.60 514.10 Td (than ) Tj ET Q q 0 0 0 rg BT 518.14 514.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.02 502.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 92.58 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.70 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.05 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.96 502.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 162.75 502.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 200.98 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.11 502.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 263.84 502.10 Td (If ) Tj ET Q q 0 0 0 rg BT 273.19 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.09 502.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 321.88 502.10 Td (data ) Tj ET Q q 0 0 0 rg BT 341.22 502.10 Td (center ) Tj ET Q q 0 0 0 rg BT 368.33 502.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 412.67 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.36 502.10 Td (host ) Tj ET Q q 0 0 0 rg BT 449.71 502.10 Td (any ) Tj ET Q q 0 0 0 rg BT 466.84 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.86 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.88 502.10 Td (websites ) Tj ET Q q 0 0 0 rg BT 531.00 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.02 502.10 Td (web-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.71 490.10 Td (services ) Tj ET Q q 0 0 0 rg BT 108.85 490.10 Td (were ) Tj ET Q q 0 0 0 rg BT 130.22 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.93 490.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 185.17 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.55 490.10 Td (system ) Tj ET Q q 0 0 0 rg BT 221.26 490.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 251.79 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.95 490.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.41 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.68 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.94 490.10 Td (website ) Tj ET Q q 0 0 0 rg BT 376.43 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.70 490.10 Td (web-based ) Tj ET Q q 0 0 0 rg BT 431.39 490.10 Td (services ) Tj ET Q q 0 0 0 rg BT 465.54 490.10 Td (would ) Tj ET Q q 0 0 0 rg BT 492.47 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 503.85 490.10 Td (harmed. ) Tj ET Q q 0 0 0 rg BT 538.13 490.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 85.19 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 100.92 478.10 Td (also ) Tj ET Q q 0 0 0 rg BT 120.55 478.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 166.27 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.57 478.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 212.18 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.14 478.10 Td (fire, ) Tj ET Q q 0 0 0 rg BT 255.04 478.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 286.06 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.02 478.10 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 357.79 478.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 376.86 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.71 478.10 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 431.39 478.10 Td (power ) Tj ET Q q 0 0 0 rg BT 459.90 478.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 481.48 478.10 Td (telecommunications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (failures, ) Tj ET Q q 0 0 0 rg BT 85.21 466.10 Td (break-ins ) Tj ET Q q 0 0 0 rg BT 125.13 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.29 466.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 172.78 466.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 203.35 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.62 466.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 256.56 466.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 311.48 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 324.20 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.25 466.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 385.74 466.10 Td (service ) Tj ET Q q 0 0 0 rg BT 416.77 466.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 457.26 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 477.20 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.69 466.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 525.40 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 536.45 466.10 Td (timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 76.30 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 97.07 454.10 Td (system ) Tj ET Q q 0 0 0 rg BT 127.28 454.10 Td (failures. ) Tj ET Q q 0 0 0 rg BT 162.19 454.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 180.18 454.10 Td (property ) Tj ET Q q 0 0 0 rg BT 216.48 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.35 454.10 Td (business ) Tj ET Q q 0 0 0 rg BT 269.68 454.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 319.32 454.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 360.07 454.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 398.58 454.10 Td (may ) Tj ET Q q 0 0 0 rg BT 418.23 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 433.44 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.31 454.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 483.28 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.49 454.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 514.80 454.10 Td (compensate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (us ) Tj ET Q q 0 0 0 rg BT 60.82 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 74.41 442.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 100.23 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.15 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 136.29 442.10 Td (occur) Tj ET Q q 0 0 0 rg BT 157.95 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 162.38 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 172.63 442.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 209.84 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.09 442.10 Td (users ) Tj ET Q q 0 0 0 rg BT 247.57 442.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 278.38 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.31 442.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 323.33 442.10 Td (service ) Tj ET Q q 0 0 0 rg BT 353.57 442.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 395.77 442.10 Td (online ) Tj ET Q q 0 0 0 rg BT 422.69 442.10 Td (service ) Tj ET Q q 0 0 0 rg BT 452.93 442.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 492.63 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.00 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 531.47 442.10 Td (website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 89.42 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.28 430.10 Td (access ) Tj ET Q q 0 0 0 rg BT 131.03 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.02 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.56 430.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 191.65 430.10 Td (These ) Tj ET Q q 0 0 0 rg BT 217.74 430.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 257.71 430.10 Td (could ) Tj ET Q q 0 0 0 rg BT 282.14 430.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 327.65 430.10 Td (outages, ) Tj ET Q q 0 0 0 rg BT 362.90 430.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 390.66 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.31 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 430.06 430.10 Td (dif) Tj ET Q q 0 0 0 rg BT 440.99 430.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 475.41 430.10 Td (due ) Tj ET Q q 0 0 0 rg BT 492.06 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.04 430.10 Td (system ) Tj ET Q q 0 0 0 rg BT 532.03 430.10 Td (failures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 89.70 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.98 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.81 418.10 Td (systems.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Concerns ) Tj ET Q q 0 0 0 rg BT 93.07 394.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 137.24 394.10 Td (security ) Tj ET Q q 0 0 0 rg BT 173.07 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.01 394.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 239.19 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.70 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.09 394.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 324.50 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.45 394.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 389.50 394.10 Td (information ) Tj ET Q q 0 0 0 rg BT 442.57 394.10 Td (over ) Tj ET Q q 0 0 0 rg BT 463.95 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.34 394.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 517.30 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 529.80 394.10 Td (security ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 90.28 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.89 382.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 150.81 382.10 Td (may ) Tj ET Q q 0 0 0 rg BT 170.53 382.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 203.57 382.10 Td (us ) Tj ET Q q 0 0 0 rg BT 215.53 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 238.03 382.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 283.87 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.82 382.10 Td (business ) Tj ET Q q 0 0 0 rg BT 338.33 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.73 382.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.11 382.10 Td (us ) Tj ET Q q 0 0 0 rg BT 393.07 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.34 382.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 425.84 382.10 Td (exposure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.26 358.10 Td (we ) Tj ET Q q 0 0 0 rg BT 109.52 358.10 Td (do ) Tj ET Q q 0 0 0 rg BT 122.12 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 137.50 358.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.09 358.10 Td (suf) Tj ET Q q 0 0 0 rg BT 187.13 358.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 215.27 358.10 Td (security ) Tj ET Q q 0 0 0 rg BT 249.53 358.10 Td (features ) Tj ET Q q 0 0 0 rg BT 283.77 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.15 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.08 358.10 Td (online ) Tj ET Q q 0 0 0 rg BT 337.68 358.10 Td (product ) Tj ET Q q 0 0 0 rg BT 370.82 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.86 358.10 Td (service ) Tj ET Q q 0 0 0 rg BT 418.78 358.10 Td (of) Tj ET Q q 0 0 0 rg BT 426.93 358.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 459.80 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.73 358.10 Td (products ) Tj ET Q q 0 0 0 rg BT 512.77 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 358.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.66 346.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.88 346.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 104.53 346.10 Td (market ) Tj ET Q q 0 0 0 rg BT 134.74 346.10 Td (acceptance, ) Tj ET Q q 0 0 0 rg BT 183.53 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.40 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.50 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 239.16 346.10 Td (also ) Tj ET Q q 0 0 0 rg BT 257.71 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 269.59 346.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 304.80 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 346.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 336.89 346.10 Td (liability) Tj ET Q q 0 0 0 rg BT 367.35 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.29 346.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 405.28 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.94 346.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 459.58 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 477.02 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 491.12 346.10 Td (have ) Tj ET Q q 0 0 0 rg BT 512.44 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.21 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 542.86 346.10 Td (take, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.46 334.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 123.46 334.10 Td (will ) Tj ET Q q 0 0 0 rg BT 142.15 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.72 334.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 200.63 334.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 245.96 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.87 334.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 293.33 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.80 334.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 347.35 334.10 Td (break-ins, ) Tj ET Q q 0 0 0 rg BT 390.19 334.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 431.09 334.10 Td (viruses ) Tj ET Q q 0 0 0 rg BT 462.55 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.01 334.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 504.92 334.10 Td (problems. ) Tj ET Q q 0 0 0 rg BT 547.77 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 557.57 334.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (person ) Tj ET Q q 0 0 0 rg BT 79.82 322.10 Td (circumvents ) Tj ET Q q 0 0 0 rg BT 131.86 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.35 322.10 Td (security ) Tj ET Q q 0 0 0 rg BT 183.16 322.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 226.03 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.19 322.10 Td (person ) Tj ET Q q 0 0 0 rg BT 274.01 322.10 Td (could ) Tj ET Q q 0 0 0 rg BT 299.39 322.10 Td (misappropriate ) Tj ET Q q 0 0 0 rg BT 362.53 322.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 410.12 322.10 Td (information ) Tj ET Q q 0 0 0 rg BT 460.49 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 471.98 322.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 502.92 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 514.41 322.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 548.67 322.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.27 310.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 131.71 310.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 168.81 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.92 310.10 Td (result ) Tj ET Q q 0 0 0 rg BT 210.25 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.15 310.10 Td (access ) Tj ET Q q 0 0 0 rg BT 247.80 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.70 310.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 307.57 310.10 Td (information ) Tj ET Q q 0 0 0 rg BT 356.90 310.10 Td (could ) Tj ET Q q 0 0 0 rg BT 381.23 310.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 414.44 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.89 310.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 472.55 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.10 310.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.55 310.10 Td (us ) Tj ET Q q 0 0 0 rg BT 530.55 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.45 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 547.00 310.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.25 298.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 81.73 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.98 298.10 Td (liability) Tj ET Q q 0 0 0 rg BT 124.44 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.58 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.22 298.10 Td (e ) Tj ET Q q 0 0 0 rg BT 147.58 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 168.71 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 182.07 298.10 Td (required ) Tj ET Q q 0 0 0 rg BT 219.31 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.01 298.10 Td (make ) Tj ET Q q 0 0 0 rg BT 256.58 298.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 302.71 298.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 357.73 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.43 298.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 401.11 298.10 Td (against ) Tj ET Q q 0 0 0 rg BT 433.36 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.61 298.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 488.95 298.10 Td (security ) Tj ET Q q 0 0 0 rg BT 524.52 298.10 Td (breaches. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.19 286.10 Td (if ) Tj ET Q q 0 0 0 rg BT 114.08 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.53 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 143.53 286.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 172.97 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.53 286.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 229.63 286.10 Td (address ) Tj ET Q q 0 0 0 rg BT 262.41 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.53 286.10 Td (customers' ) Tj ET Q q 0 0 0 rg BT 323.66 286.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 361.99 286.10 Td (about ) Tj ET Q q 0 0 0 rg BT 386.99 286.10 Td (security) Tj ET Q q 0 0 0 rg BT 418.00 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.28 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.73 286.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.73 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 479.40 286.10 Td (dif) Tj ET Q q 0 0 0 rg BT 490.33 286.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 519.22 286.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 548.67 286.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.94 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.88 274.10 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 102.06 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.58 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.54 250.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 183.26 250.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 227.00 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.95 250.10 Td (use ) Tj ET Q q 0 0 0 rg BT 260.02 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.53 250.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 308.05 250.10 Td (users' ) Tj ET Q q 0 0 0 rg BT 335.68 250.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 374.42 250.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 429.55 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.62 250.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 487.58 250.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 522.99 250.10 Td (such ) Tj ET Q q 0 0 0 rg BT 545.62 250.10 Td (use, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.28 238.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 105.55 238.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 140.83 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.55 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.50 238.10 Td (services ) Tj ET Q q 0 0 0 rg BT 207.21 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.27 238.10 Td (result ) Tj ET Q q 0 0 0 rg BT 251.11 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.95 238.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 303.89 238.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (Concern ) Tj ET Q q 0 0 0 rg BT 122.25 214.10 Td (among ) Tj ET Q q 0 0 0 rg BT 151.84 214.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 196.98 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.79 214.10 Td (legislators ) Tj ET Q q 0 0 0 rg BT 257.27 214.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 297.96 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.55 214.10 Td (use ) Tj ET Q q 0 0 0 rg BT 328.25 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.95 214.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 375.20 214.10 Td (information ) Tj ET Q q 0 0 0 rg BT 424.79 214.10 Td (gathered ) Tj ET Q q 0 0 0 rg BT 461.59 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 483.40 214.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 516.86 214.10 Td (users ) Tj ET Q q 0 0 0 rg BT 539.79 214.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (create ) Tj ET Q q 0 0 0 rg BT 76.51 202.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 124.14 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.56 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.43 202.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 203.24 202.10 Td (This ) Tj ET Q q 0 0 0 rg BT 223.67 202.10 Td (could ) Tj ET Q q 0 0 0 rg BT 248.53 202.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 277.83 202.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 312.13 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.44 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.42 202.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 379.77 202.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.17 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.04 202.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 448.80 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.77 202.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 485.20 202.10 Td (business ) Tj ET Q q 0 0 0 rg BT 521.74 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.72 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.80 202.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.76 190.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 97.30 190.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.73 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.49 190.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 167.67 190.10 Td (service ) Tj ET Q q 0 0 0 rg BT 197.42 190.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 231.61 190.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 255.54 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.30 190.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 305.61 190.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 327.58 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.34 190.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 380.16 190.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 404.92 190.10 Td (state ) Tj ET Q q 0 0 0 rg BT 424.68 190.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 464.42 190.10 Td (codes ) Tj ET Q q 0 0 0 rg BT 488.62 190.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 508.94 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.59 190.10 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 178.10 Td (use ) Tj ET Q q 0 0 0 rg BT 82.77 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.60 178.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 129.98 178.10 Td (information ) Tj ET Q q 0 0 0 rg BT 179.69 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.19 178.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 233.00 178.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 272.43 178.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 304.92 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.86 178.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 354.33 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.16 178.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 405.98 178.10 Td (service ) Tj ET Q q 0 0 0 rg BT 436.79 178.10 Td (or) Tj ET Q q 0 0 0 rg BT 444.94 178.10 Td (ganizations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 81.40 154.10 Td (government ) Tj ET Q q 0 0 0 rg BT 132.79 154.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 178.08 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.91 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.18 154.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 240.02 154.10 Td (could ) Tj ET Q q 0 0 0 rg BT 265.30 154.10 Td (place ) Tj ET Q q 0 0 0 rg BT 289.46 154.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.18 154.10 Td (burdens ) Tj ET Q q 0 0 0 rg BT 365.03 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.09 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.04 154.10 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 122.26 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.53 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.69 130.10 Td (Internet's ) Tj ET Q q 0 0 0 rg BT 188.41 130.10 Td (popularity ) Tj ET Q q 0 0 0 rg BT 232.46 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.84 130.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 293.87 130.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 312.64 130.10 Td (new ) Tj ET Q q 0 0 0 rg BT 332.24 130.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 353.51 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.89 130.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 418.27 130.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 453.41 130.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 502.44 130.10 Td (at ) Tj ET Q q 0 0 0 rg BT 512.60 130.10 Td (e-commerce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.17 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 82.57 118.10 Td (adopted. ) Tj ET Q q 0 0 0 rg BT 119.47 118.10 Td (These ) Tj ET Q q 0 0 0 rg BT 146.30 118.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 167.59 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.98 118.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 232.37 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 252.54 118.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 277.71 118.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 304.56 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 325.84 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.13 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.30 118.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 394.69 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.08 118.10 Td (use ) Tj ET Q q 0 0 0 rg BT 428.37 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.66 118.10 Td (data ) Tj ET Q q 0 0 0 rg BT 459.27 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 481.66 118.10 Td (website ) Tj ET Q q 0 0 0 rg BT 515.17 118.10 Td (visitors ) Tj ET Q q 0 0 0 rg BT 547.57 118.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.02 106.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 110.83 106.10 Td (issues; ) Tj ET Q q 0 0 0 rg BT 139.32 106.10 Td (pricing; ) Tj ET Q q 0 0 0 rg BT 172.24 106.10 Td (taxation; ) Tj ET Q q 0 0 0 rg BT 209.05 106.10 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 291.41 106.10 Td (over ) Tj ET Q q 0 0 0 rg BT 310.99 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.03 106.10 Td (Internet; ) Tj ET Q q 0 0 0 rg BT 360.72 106.10 Td (content; ) Tj ET Q q 0 0 0 rg BT 394.76 106.10 Td (copyrights; ) Tj ET Q q 0 0 0 rg BT 441.57 106.10 Td (distribution; ) Tj ET Q q 0 0 0 rg BT 492.28 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.54 106.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 540.36 106.10 Td (name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (piracy) Tj ET Q q 0 0 0 rg BT 74.34 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.59 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.02 94.10 Td (enactment ) Tj ET Q q 0 0 0 rg BT 139.00 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.22 94.10 Td (any ) Tj ET Q q 0 0 0 rg BT 165.55 94.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 207.43 94.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 227.64 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.86 94.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 286.69 94.10 Td (including ) Tj ET Q q 0 0 0 rg BT 326.35 94.10 Td (international ) Tj ET Q q 0 0 0 rg BT 378.77 94.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 398.99 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.32 94.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 464.14 94.10 Td (could ) Tj ET Q q 0 0 0 rg BT 488.25 94.10 Td (impede ) Tj ET Q q 0 0 0 rg BT 519.57 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.67 94.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 82.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 94.98 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 116.91 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.74 82.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 166.34 82.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 210.49 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.43 82.10 Td (place ) Tj ET Q q 0 0 0 rg BT 251.03 82.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 293.52 82.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.00 82.10 Td (burdens ) Tj ET Q q 0 0 0 rg BT 365.16 82.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.66 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.49 82.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 75.84 58.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 110.93 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 116.68 58.10 Td (o ) Tj ET Q q 0 0 0 rg BT 124.18 58.10 Td (For) Tj ET Q q 0 0 0 rg BT 139.55 58.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 159.83 58.10 Td (Operations) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 742.25 Td (international ) Tj ET Q q 0 0 0 rg BT 125.58 742.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.42 742.25 Td (are ) Tj ET Q q 0 0 0 rg BT 187.25 742.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 218.64 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.92 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.42 742.25 Td (number ) Tj ET Q q 0 0 0 rg BT 271.15 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.98 742.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 303.93 742.25 Td (that ) Tj ET Q q 0 0 0 rg BT 322.55 742.25 Td (could ) Tj ET Q q 0 0 0 rg BT 347.83 742.25 Td (af) Tj ET Q q 0 0 0 rg BT 355.98 742.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.46 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.42 742.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 432.08 742.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.02 742.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 506.25 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.32 742.25 Td (growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.56 718.25 Td (market ) Tj ET Q q 0 0 0 rg BT 129.82 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 144.63 718.25 Td (products ) Tj ET Q q 0 0 0 rg BT 180.56 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.49 718.25 Td (services ) Tj ET Q q 0 0 0 rg BT 230.18 718.25 Td (internationally ) Tj ET Q q 0 0 0 rg BT 289.99 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.91 718.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 324.62 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.89 718.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 369.81 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.07 718.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 409.44 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 424.26 718.25 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 482.94 718.25 Td (services ) Tj ET Q q 0 0 0 rg BT 516.63 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.90 718.25 Td (locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 81.39 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.23 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.95 706.25 Td (United ) Tj ET Q q 0 0 0 rg BT 136.67 706.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 165.38 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 174.02 706.25 Td (e ) Tj ET Q q 0 0 0 rg BT 180.96 706.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 219.56 706.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 253.72 706.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 297.88 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.61 706.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 349.27 706.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 384.26 706.25 Td (New ) Tj ET Q q 0 0 0 rg BT 405.65 706.25 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 442.85 706.25 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 472.29 706.25 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 517.85 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.79 706.25 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 93.09 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 694.25 Td (have ) Tj ET Q q 0 0 0 rg BT 132.02 694.25 Td (product ) Tj ET Q q 0 0 0 rg BT 165.37 694.25 Td (development ) Tj ET Q q 0 0 0 rg BT 219.83 694.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 258.74 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.98 694.25 Td (call ) Tj ET Q q 0 0 0 rg BT 293.22 694.25 Td (center ) Tj ET Q q 0 0 0 rg BT 320.45 694.25 Td (services ) Tj ET Q q 0 0 0 rg BT 355.47 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.05 694.25 Td (India. ) Tj ET Q q 0 0 0 rg BT 391.91 694.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 410.27 694.25 Td (international ) Tj ET Q q 0 0 0 rg BT 463.61 694.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 508.08 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.09 694.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.22 694.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 682.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 108.31 682.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 129.70 682.25 Td (which ) Tj ET Q q 0 0 0 rg BT 156.64 682.25 Td (could ) Tj ET Q q 0 0 0 rg BT 181.36 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 202.73 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.67 682.25 Td (material ) Tj ET Q q 0 0 0 rg BT 244.93 682.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 277.97 682.25 Td (ef) Tj ET Q q 0 0 0 rg BT 285.56 682.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 303.04 682.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.54 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.37 682.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 370.26 682.25 Td (including:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.00 657.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 657.05 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 657.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 130.43 657.05 Td (of ) Tj ET Q q 0 0 0 rg BT 141.26 657.05 Td (recessions ) Tj ET Q q 0 0 0 rg BT 184.86 657.05 Td (in ) Tj ET Q q 0 0 0 rg BT 195.14 657.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 226.51 657.05 Td (economies ) Tj ET Q q 0 0 0 rg BT 271.78 657.05 Td (on ) Tj ET Q q 0 0 0 rg BT 284.28 657.05 Td (the ) Tj ET Q q 0 0 0 rg BT 298.99 657.05 Td (level ) Tj ET Q q 0 0 0 rg BT 320.93 657.05 Td (of ) Tj ET Q q 0 0 0 rg BT 331.76 657.05 Td (consumers' ) Tj ET Q q 0 0 0 rg BT 378.83 657.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 419.64 657.05 Td (shopping ) Tj ET Q q 0 0 0 rg BT 458.81 657.05 Td (and ) Tj ET Q q 0 0 0 rg BT 475.75 657.05 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 522.13 657.05 Td (behavior;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 633.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 633.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 116.25 633.05 Td (dif) Tj ET Q q 0 0 0 rg BT 127.18 633.05 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 155.79 633.05 Td (in ) Tj ET Q q 0 0 0 rg BT 166.06 633.05 Td (collecting ) Tj ET Q q 0 0 0 rg BT 207.99 633.05 Td (accounts ) Tj ET Q q 0 0 0 rg BT 245.48 633.05 Td (receivable;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 609.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 609.05 Td (dif) Tj ET Q q 0 0 0 rg BT 96.93 609.05 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 131.64 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 148.58 609.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 171.08 609.05 Td (of ) Tj ET Q q 0 0 0 rg BT 181.91 609.05 Td (staf) Tj ET Q q 0 0 0 rg BT 196.17 609.05 Td (fing ) Tj ET Q q 0 0 0 rg BT 214.77 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 231.71 609.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 273.65 609.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 305.02 609.05 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 585.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 585.05 Td (reduced ) Tj ET Q q 0 0 0 rg BT 120.15 585.05 Td (protection ) Tj ET Q q 0 0 0 rg BT 163.19 585.05 Td (for ) Tj ET Q q 0 0 0 rg BT 177.35 585.05 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 224.27 585.05 Td (property ) Tj ET Q q 0 0 0 rg BT 260.65 585.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 285.93 585.05 Td (in ) Tj ET Q q 0 0 0 rg BT 296.21 585.05 Td (some ) Tj ET Q q 0 0 0 rg BT 319.81 585.05 Td (countries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 561.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 561.05 Td (burdensome ) Tj ET Q q 0 0 0 rg BT 137.38 561.05 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 180.97 561.05 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 537.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 537.05 Td (trade ) Tj ET Q q 0 0 0 rg BT 108.49 537.05 Td (and ) Tj ET Q q 0 0 0 rg BT 125.42 537.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 165.69 537.05 Td (barriers, ) Tj ET Q q 0 0 0 rg BT 201.22 537.05 Td (and ) Tj ET Q q 0 0 0 rg BT 218.16 537.05 Td (dif) Tj ET Q q 0 0 0 rg BT 229.09 537.05 Td (fering ) Tj ET Q q 0 0 0 rg BT 255.47 537.05 Td (business ) Tj ET Q q 0 0 0 rg BT 291.86 537.05 Td (practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 513.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 513.05 Td (potentially ) Tj ET Q q 0 0 0 rg BT 131.27 513.05 Td (adverse ) Tj ET Q q 0 0 0 rg BT 164.31 513.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.02 513.05 Td (consequences; ) Tj ET Q q 0 0 0 rg BT 239.28 513.05 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 489.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 489.05 Td (economic ) Tj ET Q q 0 0 0 rg BT 127.37 489.05 Td (instability ) Tj ET Q q 0 0 0 rg BT 169.87 489.05 Td (or ) Tj ET Q q 0 0 0 rg BT 180.70 489.05 Td (political ) Tj ET Q q 0 0 0 rg BT 215.97 489.05 Td (unrest ) Tj ET Q q 0 0 0 rg BT 242.91 489.05 Td (such ) Tj ET Q q 0 0 0 rg BT 263.74 489.05 Td (as ) Tj ET Q q 0 0 0 rg BT 274.57 489.05 Td (crime, ) Tj ET Q q 0 0 0 rg BT 302.33 489.05 Td (strikes, ) Tj ET Q q 0 0 0 rg BT 333.44 489.05 Td (riots, ) Tj ET Q q 0 0 0 rg BT 356.22 489.05 Td (civil ) Tj ET Q q 0 0 0 rg BT 376.49 489.05 Td (disturbances, ) Tj ET Q q 0 0 0 rg BT 431.48 489.05 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 465.63 489.05 Td (attacks ) Tj ET Q q 0 0 0 rg BT 495.90 489.05 Td (and ) Tj ET Q q 0 0 0 rg BT 512.84 489.05 Td (wars.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 453.05 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 453.05 Td ( ) Tj ET Q q 0 0 0 rg BT 59.03 453.05 Td (substantial ) Tj ET Q q 0 0 0 rg BT 106.95 453.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 139.87 453.05 Td (of ) Tj ET Q q 0 0 0 rg BT 151.11 453.05 Td (our ) Tj ET Q q 0 0 0 rg BT 168.47 453.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 195.27 453.05 Td (and ) Tj ET Q q 0 0 0 rg BT 213.74 453.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 259.99 453.05 Td (are ) Tj ET Q q 0 0 0 rg BT 276.22 453.05 Td (located ) Tj ET Q q 0 0 0 rg BT 308.56 453.05 Td (outside ) Tj ET Q q 0 0 0 rg BT 340.92 453.05 Td (of ) Tj ET Q q 0 0 0 rg BT 352.16 453.05 Td (the ) Tj ET Q q 0 0 0 rg BT 367.84 453.05 Td (United ) Tj ET Q q 0 0 0 rg BT 398.53 453.05 Td (States ) Tj ET Q q 0 0 0 rg BT 425.89 453.05 Td (and ) Tj ET Q q 0 0 0 rg BT 444.36 453.05 Td (we ) Tj ET Q q 0 0 0 rg BT 458.37 453.05 Td (are ) Tj ET Q q 0 0 0 rg BT 474.61 453.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 506.40 453.05 Td (to ) Tj ET Q q 0 0 0 rg BT 517.09 453.05 Td (regulatory) Tj ET Q q 0 0 0 rg BT 559.50 453.05 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 441.05 Td (tax, ) Tj ET Q q 0 0 0 rg BT 67.78 441.05 Td (economic, ) Tj ET Q q 0 0 0 rg BT 112.21 441.05 Td (political ) Tj ET Q q 0 0 0 rg BT 148.04 441.05 Td (and ) Tj ET Q q 0 0 0 rg BT 166.10 441.05 Td (other ) Tj ET Q q 0 0 0 rg BT 190.27 441.05 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 246.67 441.05 Td (in ) Tj ET Q q 0 0 0 rg BT 257.51 441.05 Td (other ) Tj ET Q q 0 0 0 rg BT 281.68 441.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 314.18 441.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 355.02 441.05 Td (in ) Tj ET Q q 0 0 0 rg BT 365.86 441.05 Td (which ) Tj ET Q q 0 0 0 rg BT 393.37 441.05 Td (we ) Tj ET Q q 0 0 0 rg BT 406.98 441.05 Td (operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 417.05 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 417.05 Td (e ) Tj ET Q q 0 0 0 rg BT 102.25 417.05 Td (have ) Tj ET Q q 0 0 0 rg BT 124.30 417.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 169.69 417.05 Td (of) Tj ET Q q 0 0 0 rg BT 177.84 417.05 Td (fshore ) Tj ET Q q 0 0 0 rg BT 206.00 417.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 250.83 417.05 Td (in ) Tj ET Q q 0 0 0 rg BT 261.78 417.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 293.83 417.05 Td (countries, ) Tj ET Q q 0 0 0 rg BT 336.16 417.05 Td (including ) Tj ET Q q 0 0 0 rg BT 377.11 417.05 Td (India, ) Tj ET Q q 0 0 0 rg BT 403.33 417.05 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 449.55 417.05 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 477.16 417.05 Td (and ) Tj ET Q q 0 0 0 rg BT 494.77 417.05 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 524.65 417.05 Td (W) Tj ET Q q 0 0 0 rg BT 533.29 417.05 Td (ages ) Tj ET Q q 0 0 0 rg BT 554.23 417.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td (these ) Tj ET Q q 0 0 0 rg BT 73.12 405.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 112.35 405.05 Td (have ) Tj ET Q q 0 0 0 rg BT 133.80 405.05 Td (historically ) Tj ET Q q 0 0 0 rg BT 181.36 405.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 221.69 405.05 Td (at ) Tj ET Q q 0 0 0 rg BT 231.48 405.05 Td (a ) Tj ET Q q 0 0 0 rg BT 238.49 405.05 Td (faster ) Tj ET Q q 0 0 0 rg BT 263.27 405.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 280.83 405.05 Td (than ) Tj ET Q q 0 0 0 rg BT 300.62 405.05 Td (in ) Tj ET Q q 0 0 0 rg BT 310.97 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 325.76 405.05 Td (United ) Tj ET Q q 0 0 0 rg BT 355.55 405.05 Td (States. ) Tj ET Q q 0 0 0 rg BT 384.51 405.05 Td (If ) Tj ET Q q 0 0 0 rg BT 393.75 405.05 Td (this ) Tj ET Q q 0 0 0 rg BT 410.77 405.05 Td (trend ) Tj ET Q q 0 0 0 rg BT 433.89 405.05 Td (continues ) Tj ET Q q 0 0 0 rg BT 474.79 405.05 Td (in ) Tj ET Q q 0 0 0 rg BT 485.14 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 499.93 405.05 Td (future, ) Tj ET Q q 0 0 0 rg BT 528.88 405.05 Td (it ) Tj ET Q q 0 0 0 rg BT 537.01 405.05 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (result ) Tj ET Q q 0 0 0 rg BT 75.31 393.05 Td (in ) Tj ET Q q 0 0 0 rg BT 86.19 393.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 127.04 393.05 Td (labor ) Tj ET Q q 0 0 0 rg BT 150.69 393.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.79 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 393.05 Td (thereby ) Tj ET Q q 0 0 0 rg BT 224.41 393.05 Td (potentially ) Tj ET Q q 0 0 0 rg BT 270.27 393.05 Td (reduce ) Tj ET Q q 0 0 0 rg BT 300.02 393.05 Td (our ) Tj ET Q q 0 0 0 rg BT 316.45 393.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 357.31 393.05 Td (mar) Tj ET Q q 0 0 0 rg BT 372.67 393.05 Td (gins. ) Tj ET Q q 0 0 0 rg BT 394.26 393.05 Td (Also, ) Tj ET Q q 0 0 0 rg BT 418.75 393.05 Td (there ) Tj ET Q q 0 0 0 rg BT 441.83 393.05 Td (is ) Tj ET Q q 0 0 0 rg BT 451.60 393.05 Td (no ) Tj ET Q q 0 0 0 rg BT 464.70 393.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 506.66 393.05 Td (that, ) Tj ET Q q 0 0 0 rg BT 527.26 393.05 Td (in ) Tj ET Q q 0 0 0 rg BT 538.13 393.05 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (periods, ) Tj ET Q q 0 0 0 rg BT 84.59 381.05 Td (competition ) Tj ET Q q 0 0 0 rg BT 135.01 381.05 Td (for ) Tj ET Q q 0 0 0 rg BT 149.32 381.05 Td (skilled ) Tj ET Q q 0 0 0 rg BT 178.63 381.05 Td (workers ) Tj ET Q q 0 0 0 rg BT 213.50 381.05 Td (will ) Tj ET Q q 0 0 0 rg BT 231.70 381.05 Td (not ) Tj ET Q q 0 0 0 rg BT 247.13 381.05 Td (drive ) Tj ET Q q 0 0 0 rg BT 270.33 381.05 Td (salaries ) Tj ET Q q 0 0 0 rg BT 302.96 381.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 331.16 381.05 Td (in ) Tj ET Q q 0 0 0 rg BT 341.59 381.05 Td (these ) Tj ET Q q 0 0 0 rg BT 364.79 381.05 Td (countries, ) Tj ET Q q 0 0 0 rg BT 406.59 381.05 Td (thereby ) Tj ET Q q 0 0 0 rg BT 439.23 381.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 476.88 381.05 Td (in ) Tj ET Q q 0 0 0 rg BT 487.30 381.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 527.71 381.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 550.36 381.05 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 369.05 Td (technical ) Tj ET Q q 0 0 0 rg BT 104.42 369.05 Td (professionals ) Tj ET Q q 0 0 0 rg BT 159.69 369.05 Td (and ) Tj ET Q q 0 0 0 rg BT 176.63 369.05 Td (reduced ) Tj ET Q q 0 0 0 rg BT 210.77 369.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 251.04 369.05 Td (mar) Tj ET Q q 0 0 0 rg BT 266.40 369.05 Td (gins. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 345.05 Td (These ) Tj ET Q q 0 0 0 rg BT 111.81 345.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 150.39 345.05 Td (have ) Tj ET Q q 0 0 0 rg BT 171.20 345.05 Td (in ) Tj ET Q q 0 0 0 rg BT 180.91 345.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.06 345.05 Td (past ) Tj ET Q q 0 0 0 rg BT 213.10 345.05 Td (experienced ) Tj ET Q q 0 0 0 rg BT 263.33 345.05 Td (many ) Tj ET Q q 0 0 0 rg BT 287.48 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 297.74 345.05 Td (the ) Tj ET Q q 0 0 0 rg BT 311.89 345.05 Td (problems ) Tj ET Q q 0 0 0 rg BT 351.04 345.05 Td (that ) Tj ET Q q 0 0 0 rg BT 367.96 345.05 Td (commonly ) Tj ET Q q 0 0 0 rg BT 412.67 345.05 Td (confront ) Tj ET Q q 0 0 0 rg BT 448.48 345.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.62 345.05 Td (economies ) Tj ET Q q 0 0 0 rg BT 507.32 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 517.58 345.05 Td (developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td (countries, ) Tj ET Q q 0 0 0 rg BT 91.24 333.05 Td (including ) Tj ET Q q 0 0 0 rg BT 131.10 333.05 Td (high ) Tj ET Q q 0 0 0 rg BT 150.97 333.05 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 189.44 333.05 Td (erratic ) Tj ET Q q 0 0 0 rg BT 217.06 333.05 Td (gross ) Tj ET Q q 0 0 0 rg BT 240.26 333.05 Td (domestic ) Tj ET Q q 0 0 0 rg BT 278.45 333.05 Td (product ) Tj ET Q q 0 0 0 rg BT 311.08 333.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 341.50 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 358.03 333.05 Td (shortages ) Tj ET Q q 0 0 0 rg BT 397.88 333.05 Td (of ) Tj ET Q q 0 0 0 rg BT 408.30 333.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 439.27 333.05 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 481.61 333.05 Td (Government ) Tj ET Q q 0 0 0 rg BT 533.68 333.05 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (concerning ) Tj ET Q q 0 0 0 rg BT 96.28 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 110.36 321.05 Td (economy ) Tj ET Q q 0 0 0 rg BT 148.88 321.05 Td (in ) Tj ET Q q 0 0 0 rg BT 158.52 321.05 Td (these ) Tj ET Q q 0 0 0 rg BT 180.92 321.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 219.44 321.05 Td (could ) Tj ET Q q 0 0 0 rg BT 243.52 321.05 Td (have ) Tj ET Q q 0 0 0 rg BT 264.25 321.05 Td (a ) Tj ET Q q 0 0 0 rg BT 270.55 321.05 Td (material ) Tj ET Q q 0 0 0 rg BT 305.17 321.05 Td (adverse ) Tj ET Q q 0 0 0 rg BT 337.57 321.05 Td (ef) Tj ET Q q 0 0 0 rg BT 345.16 321.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.00 321.05 Td (on ) Tj ET Q q 0 0 0 rg BT 373.86 321.05 Td (private ) Tj ET Q q 0 0 0 rg BT 403.49 321.05 Td (sector ) Tj ET Q q 0 0 0 rg BT 429.22 321.05 Td (entities ) Tj ET Q q 0 0 0 rg BT 459.97 321.05 Td (like ) Tj ET Q q 0 0 0 rg BT 476.82 321.05 Td (us. ) Tj ET Q q 0 0 0 rg BT 490.07 321.05 Td (In ) Tj ET Q q 0 0 0 rg BT 500.26 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 321.05 Td (past, ) Tj ET Q q 0 0 0 rg BT 534.81 321.05 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (of ) Tj ET Q q 0 0 0 rg BT 61.31 309.05 Td (these ) Tj ET Q q 0 0 0 rg BT 84.85 309.05 Td (governments ) Tj ET Q q 0 0 0 rg BT 139.49 309.05 Td (have ) Tj ET Q q 0 0 0 rg BT 161.35 309.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 199.88 309.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.08 309.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 260.28 309.05 Td (incentives ) Tj ET Q q 0 0 0 rg BT 303.81 309.05 Td (and ) Tj ET Q q 0 0 0 rg BT 321.23 309.05 Td (relaxed ) Tj ET Q q 0 0 0 rg BT 353.64 309.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 383.82 309.05 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 427.90 309.05 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 475.32 309.05 Td (in ) Tj ET Q q 0 0 0 rg BT 486.08 309.05 Td (order ) Tj ET Q q 0 0 0 rg BT 510.17 309.05 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 309.05 Td (encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 80.97 297.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.94 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 136.81 297.05 Td (specified ) Tj ET Q q 0 0 0 rg BT 174.99 297.05 Td (sectors ) Tj ET Q q 0 0 0 rg BT 204.85 297.05 Td (of ) Tj ET Q q 0 0 0 rg BT 215.27 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 229.58 297.05 Td (economy) Tj ET Q q 0 0 0 rg BT 265.58 297.05 Td (, ) Tj ET Q q 0 0 0 rg BT 270.17 297.05 Td (including ) Tj ET Q q 0 0 0 rg BT 310.03 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 324.34 297.05 Td (software ) Tj ET Q q 0 0 0 rg BT 360.86 297.05 Td (development ) Tj ET Q q 0 0 0 rg BT 414.60 297.05 Td (services ) Tj ET Q q 0 0 0 rg BT 448.90 297.05 Td (industry) Tj ET Q q 0 0 0 rg BT 481.03 297.05 Td (. ) Tj ET Q q 0 0 0 rg BT 485.62 297.05 Td (Programs ) Tj ET Q q 0 0 0 rg BT 526.04 297.05 Td (that ) Tj ET Q q 0 0 0 rg BT 543.12 297.05 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (benefited ) Tj ET Q q 0 0 0 rg BT 89.31 285.05 Td (us ) Tj ET Q q 0 0 0 rg BT 100.30 285.05 Td (include, ) Tj ET Q q 0 0 0 rg BT 134.34 285.05 Td (among ) Tj ET Q q 0 0 0 rg BT 163.66 285.05 Td (others, ) Tj ET Q q 0 0 0 rg BT 192.71 285.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.03 285.05 Td (holidays, ) Tj ET Q q 0 0 0 rg BT 245.52 285.05 Td (liberalized ) Tj ET Q q 0 0 0 rg BT 289.82 285.05 Td (import ) Tj ET Q q 0 0 0 rg BT 318.59 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 335.13 285.05 Td (export ) Tj ET Q q 0 0 0 rg BT 362.78 285.05 Td (duties ) Tj ET Q q 0 0 0 rg BT 388.77 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 405.32 285.05 Td (preferential ) Tj ET Q q 0 0 0 rg BT 453.50 285.05 Td (rules ) Tj ET Q q 0 0 0 rg BT 475.04 285.05 Td (on ) Tj ET Q q 0 0 0 rg BT 487.15 285.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 518.13 285.05 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 273.05 Td (repatriation. ) Tj ET Q q 0 0 0 rg BT 117.04 273.05 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 185.71 273.05 Td (these ) Tj ET Q q 0 0 0 rg BT 208.26 273.05 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 244.42 273.05 Td (as ) Tj ET Q q 0 0 0 rg BT 254.76 273.05 Td (noted ) Tj ET Q q 0 0 0 rg BT 278.98 273.05 Td (above, ) Tj ET Q q 0 0 0 rg BT 307.37 273.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 341.58 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 351.36 273.05 Td (government ) Tj ET Q q 0 0 0 rg BT 401.13 273.05 Td (leadership ) Tj ET Q q 0 0 0 rg BT 444.23 273.05 Td (or ) Tj ET Q q 0 0 0 rg BT 454.57 273.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 488.78 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 498.56 273.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 531.67 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 541.46 273.05 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 89.88 261.05 Td (that ) Tj ET Q q 0 0 0 rg BT 108.11 261.05 Td (result ) Tj ET Q q 0 0 0 rg BT 133.55 261.05 Td (in ) Tj ET Q q 0 0 0 rg BT 144.56 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 160.01 261.05 Td (elimination ) Tj ET Q q 0 0 0 rg BT 208.78 261.05 Td (of ) Tj ET Q q 0 0 0 rg BT 220.34 261.05 Td (any ) Tj ET Q q 0 0 0 rg BT 238.01 261.05 Td (of ) Tj ET Q q 0 0 0 rg BT 249.57 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 265.01 261.05 Td (benefits ) Tj ET Q q 0 0 0 rg BT 299.90 261.05 Td (realized ) Tj ET Q q 0 0 0 rg BT 334.77 261.05 Td (by ) Tj ET Q q 0 0 0 rg BT 348.00 261.05 Td (us ) Tj ET Q q 0 0 0 rg BT 360.12 261.05 Td (or ) Tj ET Q q 0 0 0 rg BT 371.68 261.05 Td (the ) Tj ET Q q 0 0 0 rg BT 387.12 261.05 Td (imposition ) Tj ET Q q 0 0 0 rg BT 433.14 261.05 Td (of ) Tj ET Q q 0 0 0 rg BT 444.69 261.05 Td (new ) Tj ET Q q 0 0 0 rg BT 464.58 261.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 488.36 261.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 532.68 261.05 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 261.05 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 249.05 Td (could ) Tj ET Q q 0 0 0 rg BT 118.87 249.05 Td (have ) Tj ET Q q 0 0 0 rg BT 140.25 249.05 Td (a ) Tj ET Q q 0 0 0 rg BT 147.19 249.05 Td (material ) Tj ET Q q 0 0 0 rg BT 182.45 249.05 Td (adverse ) Tj ET Q q 0 0 0 rg BT 215.48 249.05 Td (ef) Tj ET Q q 0 0 0 rg BT 223.07 249.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 240.56 249.05 Td (on ) Tj ET Q q 0 0 0 rg BT 253.06 249.05 Td (our ) Tj ET Q q 0 0 0 rg BT 268.89 249.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 307.78 249.05 Td (results ) Tj ET Q q 0 0 0 rg BT 336.39 249.05 Td (of ) Tj ET Q q 0 0 0 rg BT 347.22 249.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 391.37 249.05 Td (and ) Tj ET Q q 0 0 0 rg BT 408.31 249.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.79 249.05 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (Our earnings may be adversely af) Tj ET Q q 0 0 0 rg BT 188.42 225.05 Td (fected if we change our intent not to repatriate foreign earnings or if such earnings ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (become subject to U.S. tax on a current basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 189.05 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 189.05 Td (e ) Tj ET Q q 0 0 0 rg BT 101.90 189.05 Td (have ) Tj ET Q q 0 0 0 rg BT 123.60 189.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 160.30 189.05 Td (outside ) Tj ET Q q 0 0 0 rg BT 192.01 189.05 Td (of ) Tj ET Q q 0 0 0 rg BT 203.16 189.05 Td (the ) Tj ET Q q 0 0 0 rg BT 218.20 189.05 Td (United ) Tj ET Q q 0 0 0 rg BT 248.24 189.05 Td (States. ) Tj ET Q q 0 0 0 rg BT 277.45 189.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 303.04 189.05 Td (than ) Tj ET Q q 0 0 0 rg BT 323.08 189.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 359.78 189.05 Td (for ) Tj ET Q q 0 0 0 rg BT 374.27 189.05 Td (which ) Tj ET Q q 0 0 0 rg BT 401.53 189.05 Td (we ) Tj ET Q q 0 0 0 rg BT 416.01 189.05 Td (have ) Tj ET Q q 0 0 0 rg BT 437.71 189.05 Td (already ) Tj ET Q q 0 0 0 rg BT 469.96 189.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 503.86 189.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 524.47 189.05 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 550.34 189.05 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (consider ) Tj ET Q q 0 0 0 rg BT 86.26 177.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 117.52 177.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 153.79 177.05 Td (to ) Tj ET Q q 0 0 0 rg BT 163.95 177.05 Td (be ) Tj ET Q q 0 0 0 rg BT 175.77 177.05 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 224.26 177.05 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 267.74 177.05 Td (outside ) Tj ET Q q 0 0 0 rg BT 299.01 177.05 Td (of ) Tj ET Q q 0 0 0 rg BT 309.72 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 324.33 177.05 Td (United ) Tj ET Q q 0 0 0 rg BT 353.93 177.05 Td (States. ) Tj ET Q q 0 0 0 rg BT 382.53 177.05 Td (While ) Tj ET Q q 0 0 0 rg BT 409.35 177.05 Td (we ) Tj ET Q q 0 0 0 rg BT 423.39 177.05 Td (have ) Tj ET Q q 0 0 0 rg BT 444.65 177.05 Td (no ) Tj ET Q q 0 0 0 rg BT 457.04 177.05 Td (plans ) Tj ET Q q 0 0 0 rg BT 480.53 177.05 Td (to ) Tj ET Q q 0 0 0 rg BT 490.70 177.05 Td (do ) Tj ET Q q 0 0 0 rg BT 503.08 177.05 Td (so, ) Tj ET Q q 0 0 0 rg BT 516.86 177.05 Td (events ) Tj ET Q q 0 0 0 rg BT 544.79 177.05 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (occur ) Tj ET Q q 0 0 0 rg BT 75.14 165.05 Td (that ) Tj ET Q q 0 0 0 rg BT 93.07 165.05 Td (could ) Tj ET Q q 0 0 0 rg BT 118.22 165.05 Td (ef) Tj ET Q q 0 0 0 rg BT 125.80 165.05 Td (fectively ) Tj ET Q q 0 0 0 rg BT 163.72 165.05 Td (force ) Tj ET Q q 0 0 0 rg BT 187.19 165.05 Td (us ) Tj ET Q q 0 0 0 rg BT 199.01 165.05 Td (to ) Tj ET Q q 0 0 0 rg BT 209.72 165.05 Td (change ) Tj ET Q q 0 0 0 rg BT 240.97 165.05 Td (our ) Tj ET Q q 0 0 0 rg BT 257.23 165.05 Td (intent ) Tj ET Q q 0 0 0 rg BT 282.93 165.05 Td (not ) Tj ET Q q 0 0 0 rg BT 298.65 165.05 Td (to ) Tj ET Q q 0 0 0 rg BT 309.36 165.05 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 350.04 165.05 Td (such ) Tj ET Q q 0 0 0 rg BT 371.30 165.05 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 410.61 165.05 Td (If ) Tj ET Q q 0 0 0 rg BT 420.20 165.05 Td (such ) Tj ET Q q 0 0 0 rg BT 441.46 165.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 478.27 165.05 Td (are ) Tj ET Q q 0 0 0 rg BT 493.41 165.05 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 539.09 165.05 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 165.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.05 Td (future ) Tj ET Q q 0 0 0 rg BT 77.17 153.05 Td (or ) Tj ET Q q 0 0 0 rg BT 88.79 153.05 Td (are ) Tj ET Q q 0 0 0 rg BT 104.29 153.05 Td (no ) Tj ET Q q 0 0 0 rg BT 117.58 153.05 Td (longer ) Tj ET Q q 0 0 0 rg BT 146.42 153.05 Td (deemed ) Tj ET Q q 0 0 0 rg BT 180.81 153.05 Td (to ) Tj ET Q q 0 0 0 rg BT 191.88 153.05 Td (be ) Tj ET Q q 0 0 0 rg BT 204.61 153.05 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 254.00 153.05 Td (reinvested, ) Tj ET Q q 0 0 0 rg BT 300.89 153.05 Td (we ) Tj ET Q q 0 0 0 rg BT 315.84 153.05 Td (may ) Tj ET Q q 0 0 0 rg BT 336.35 153.05 Td (have ) Tj ET Q q 0 0 0 rg BT 358.52 153.05 Td (to ) Tj ET Q q 0 0 0 rg BT 369.59 153.05 Td (accrue ) Tj ET Q q 0 0 0 rg BT 398.97 153.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 422.81 153.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 467.19 153.05 Td (with ) Tj ET Q q 0 0 0 rg BT 488.26 153.05 Td (such ) Tj ET Q q 0 0 0 rg BT 509.89 153.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 547.06 153.05 Td (at ) Tj ET Q q 0 0 0 rg BT 557.56 153.05 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.05 Td (substantially ) Tj ET Q q 0 0 0 rg BT 102.85 141.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 130.70 141.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 147.98 141.05 Td (than ) Tj ET Q q 0 0 0 rg BT 167.50 141.05 Td (our ) Tj ET Q q 0 0 0 rg BT 183.13 141.05 Td (projected ) Tj ET Q q 0 0 0 rg BT 222.63 141.05 Td (ef) Tj ET Q q 0 0 0 rg BT 230.22 141.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 259.72 141.05 Td (income ) Tj ET Q q 0 0 0 rg BT 291.46 141.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.97 141.05 Td (rate, ) Tj ET Q q 0 0 0 rg BT 325.76 141.05 Td (and ) Tj ET Q q 0 0 0 rg BT 342.50 141.05 Td (we ) Tj ET Q q 0 0 0 rg BT 356.46 141.05 Td (may ) Tj ET Q q 0 0 0 rg BT 375.97 141.05 Td (be ) Tj ET Q q 0 0 0 rg BT 387.71 141.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 418.33 141.05 Td (to ) Tj ET Q q 0 0 0 rg BT 428.41 141.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 470.70 141.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 485.22 141.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 524.74 141.05 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 141.05 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.53 129.05 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 133.62 129.05 Td (in ) Tj ET Q q 0 0 0 rg BT 144.05 129.05 Td (which ) Tj ET Q q 0 0 0 rg BT 171.13 129.05 Td (we ) Tj ET Q q 0 0 0 rg BT 185.44 129.05 Td (operate. ) Tj ET Q q 0 0 0 rg BT 219.82 129.05 Td (These ) Tj ET Q q 0 0 0 rg BT 246.35 129.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 286.75 129.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 309.95 129.05 Td (could ) Tj ET Q q 0 0 0 rg BT 334.81 129.05 Td (have ) Tj ET Q q 0 0 0 rg BT 356.34 129.05 Td (a ) Tj ET Q q 0 0 0 rg BT 363.43 129.05 Td (material ) Tj ET Q q 0 0 0 rg BT 398.83 129.05 Td (adverse ) Tj ET Q q 0 0 0 rg BT 432.02 129.05 Td (ef) Tj ET Q q 0 0 0 rg BT 439.61 129.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 457.24 129.05 Td (on ) Tj ET Q q 0 0 0 rg BT 469.89 129.05 Td (our ) Tj ET Q q 0 0 0 rg BT 485.87 129.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 524.91 129.05 Td (results ) Tj ET Q q 0 0 0 rg BT 553.67 129.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 117.05 Td (and ) Tj ET Q q 0 0 0 rg BT 111.09 117.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.57 117.05 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 57.05 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 57.05 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 57.05 Td (may ) Tj ET Q q 0 0 0 rg BT 84.80 57.05 Td (have ) Tj ET Q q 0 0 0 rg BT 106.74 57.05 Td (exposure ) Tj ET Q q 0 0 0 rg BT 146.46 57.05 Td (to ) Tj ET Q q 0 0 0 rg BT 156.74 57.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 188.68 57.05 Td (than ) Tj ET Q q 0 0 0 rg BT 210.08 57.05 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 258.13 57.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 273.41 57.05 Td (liabilities) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.98 742.10 Td (future ) Tj ET Q q 0 0 0 rg BT 130.29 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 162.16 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 185.14 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 209.79 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.66 742.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 262.41 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 270.00 742.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 296.86 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.29 742.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 345.60 742.10 Td (being ) Tj ET Q q 0 0 0 rg BT 370.25 742.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 395.45 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 415.10 742.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 461.40 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.61 742.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 523.49 742.10 Td (where ) Tj ET Q q 0 0 0 rg BT 550.35 742.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.22 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 96.34 730.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 133.68 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.24 730.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 169.46 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.24 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 214.14 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 233.70 730.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 279.91 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.03 730.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 341.82 730.10 Td (where ) Tj ET Q q 0 0 0 rg BT 368.60 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 382.60 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 403.82 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 431.72 730.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 469.06 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.62 730.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 507.34 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.69 730.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.24 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.88 718.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 106.76 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.76 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.75 718.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 172.72 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.61 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 215.60 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.71 718.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 277.09 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.09 718.10 Td (due ) Tj ET Q q 0 0 0 rg BT 307.19 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.64 718.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 354.51 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.95 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.84 718.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 406.33 718.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 456.93 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.04 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.57 718.10 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 97.55 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.89 706.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 159.89 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.67 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 207.23 706.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 230.90 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.81 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.15 706.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 296.38 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.94 706.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 345.94 706.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 398.51 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.41 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 436.98 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 451.76 706.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 486.54 706.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 533.60 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.24 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 549.80 706.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.88 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.20 694.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 122.07 694.10 Td (review ) Tj ET Q q 0 0 0 rg BT 151.83 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.82 694.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 191.36 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.91 694.10 Td (both ) Tj ET Q q 0 0 0 rg BT 224.24 694.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 262.89 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.88 694.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 311.31 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 326.08 694.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 372.78 694.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 392.55 694.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 425.64 694.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 462.62 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.50 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 494.38 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.37 694.10 Td (review ) Tj ET Q q 0 0 0 rg BT 531.13 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.01 694.10 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.40 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 97.47 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.09 682.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 142.15 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 149.74 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 167.91 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.09 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.61 682.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 238.56 682.10 Td (results ) Tj ET Q q 0 0 0 rg BT 267.85 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.48 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.65 682.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 367.10 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 378.62 682.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 417.08 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 682.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 491.21 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.72 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 519.24 682.10 Td (worldwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 90.26 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.40 670.10 Td (income ) Tj ET Q q 0 0 0 rg BT 136.32 670.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 159.35 670.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 194.04 670.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 238.73 670.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 281.48 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.41 670.10 Td (there ) Tj ET Q q 0 0 0 rg BT 320.87 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 335.56 670.10 Td (some ) Tj ET Q q 0 0 0 rg BT 359.15 670.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 409.40 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.54 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.46 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.16 670.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 500.41 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 515.11 670.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 555.35 670.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 91.00 658.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 130.44 658.10 Td (we ) Tj ET Q q 0 0 0 rg BT 143.77 658.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 174.31 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.30 658.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 228.18 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.05 658.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 286.47 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.57 658.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 352.27 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.15 658.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 400.58 658.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.47 658.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 450.56 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 469.45 658.10 Td (dif) Tj ET Q q 0 0 0 rg BT 480.37 658.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 493.14 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 514.24 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.12 658.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 88.75 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.31 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.42 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.18 646.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 202.17 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.39 646.10 Td (may ) Tj ET Q q 0 0 0 rg BT 241.38 646.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 285.70 646.10 Td (af) Tj ET Q q 0 0 0 rg BT 293.29 646.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 312.05 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.16 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.92 646.10 Td (results ) Tj ET Q q 0 0 0 rg BT 397.81 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.36 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.36 646.10 Td (period ) Tj ET Q q 0 0 0 rg BT 454.69 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.79 646.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.01 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.45 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 543.67 646.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 108.59 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.30 634.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 145.29 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.88 634.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.15 634.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 201.07 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.90 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.16 634.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 259.09 634.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 311.58 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.41 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 349.89 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.16 634.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.09 634.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 445.69 634.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.39 634.10 Td (have ) Tj ET Q q 0 0 0 rg BT 512.32 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.81 634.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.71 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.21 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.93 622.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 154.01 622.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.49 622.10 Td (results ) Tj ET Q q 0 0 0 rg BT 220.10 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.04 622.10 Td (could ) Tj ET Q q 0 0 0 rg BT 261.75 622.10 Td (increase.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.26 598.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.08 598.10 Td (position ) Tj ET Q q 0 0 0 rg BT 144.46 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.61 598.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 204.65 598.10 Td (results ) Tj ET Q q 0 0 0 rg BT 234.47 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.27 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.30 598.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 307.21 598.10 Td (af) Tj ET Q q 0 0 0 rg BT 315.35 598.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 342.37 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.40 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.76 598.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 411.25 598.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 431.63 598.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 460.89 598.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 483.48 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.63 598.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 553.67 598.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 74.17 586.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 113.33 586.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 155.27 586.10 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 562.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.66 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 119.79 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.81 562.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 167.16 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.52 562.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 215.08 562.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 255.41 562.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 272.99 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 293.35 562.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 324.25 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.61 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.40 562.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 369.77 562.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 395.67 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.03 562.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 439.15 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.51 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.31 562.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 495.77 562.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 539.43 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 562.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 89.12 550.10 Td (where ) Tj ET Q q 0 0 0 rg BT 116.02 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.14 550.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 164.26 550.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.38 550.10 Td (because ) Tj ET Q q 0 0 0 rg BT 242.50 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.40 550.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 294.08 550.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 325.43 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.23 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.02 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 392.25 550.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 430.82 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.49 550.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 481.27 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.51 550.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 522.86 550.10 Td (countries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.00 538.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 108.33 538.10 Td (may ) Tj ET Q q 0 0 0 rg BT 127.77 538.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 162.75 538.10 Td (if ) Tj ET Q q 0 0 0 rg BT 171.09 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 184.98 538.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 216.08 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.64 538.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.52 538.10 Td (overseas. ) Tj ET Q q 0 0 0 rg BT 314.51 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 323.15 538.10 Td (e ) Tj ET Q q 0 0 0 rg BT 329.81 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 347.60 538.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 381.49 538.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 415.92 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.93 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.48 538.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 479.81 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.81 538.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 529.79 538.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 547.01 538.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 526.10 Td (result ) Tj ET Q q 0 0 0 rg BT 92.21 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 114.15 526.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 148.86 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.14 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.97 526.10 Td (business ) Tj ET Q q 0 0 0 rg BT 211.36 526.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 75.84 502.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 110.93 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 116.68 502.10 Td (o ) Tj ET Q q 0 0 0 rg BT 124.18 502.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 171.11 502.10 Td (Governance) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 90.83 478.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 146.68 478.10 Td (may ) Tj ET Q q 0 0 0 rg BT 166.40 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.33 478.10 Td (able ) Tj ET Q q 0 0 0 rg BT 198.05 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.33 478.10 Td (exert ) Tj ET Q q 0 0 0 rg BT 231.38 478.10 Td (control ) Tj ET Q q 0 0 0 rg BT 263.33 478.10 Td (over ) Tj ET Q q 0 0 0 rg BT 283.59 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.55 478.10 Td (future ) Tj ET Q q 0 0 0 rg BT 328.61 478.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 367.77 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.83 478.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 458.60 Td (If ) Tj ET Q q 0 0 0 rg BT 95.35 458.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.37 458.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 149.60 458.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 202.82 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.95 458.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.85 458.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 271.99 458.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.01 458.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 314.58 458.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 357.81 458.60 Td (by ) Tj ET Q q 0 0 0 rg BT 370.49 458.60 Td (them ) Tj ET Q q 0 0 0 rg BT 393.18 458.60 Td (vote ) Tj ET Q q 0 0 0 rg BT 413.08 458.60 Td (in ) Tj ET Q q 0 0 0 rg BT 423.55 458.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.45 458.60 Td (same ) Tj ET Q q 0 0 0 rg BT 461.69 458.60 Td (manner) Tj ET Q q 0 0 0 rg BT 491.27 458.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.46 458.60 Td (this ) Tj ET Q q 0 0 0 rg BT 513.60 458.60 Td (could ) Tj ET Q q 0 0 0 rg BT 538.50 458.60 Td (delay) Tj ET Q q 0 0 0 rg BT 559.51 458.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.00 Td (prevent ) Tj ET Q q 0 0 0 rg BT 82.14 443.00 Td (or ) Tj ET Q q 0 0 0 rg BT 92.62 443.00 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 129.75 443.00 Td (a ) Tj ET Q q 0 0 0 rg BT 136.34 443.00 Td (change ) Tj ET Q q 0 0 0 rg BT 166.81 443.00 Td (in ) Tj ET Q q 0 0 0 rg BT 176.74 443.00 Td (control ) Tj ET Q q 0 0 0 rg BT 207.22 443.00 Td (of ) Tj ET Q q 0 0 0 rg BT 217.71 443.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 238.75 443.00 Td (or ) Tj ET Q q 0 0 0 rg BT 249.23 443.00 Td (other) Tj ET Q BT /F1 13.00 Tf ET q 0 0 0 rg BT 269.78 443.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.57 443.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 316.94 443.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.30 443.00 Td (to ) Tj ET Q q 0 0 0 rg BT 361.23 443.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 382.27 443.00 Td (or ) Tj ET Q q 0 0 0 rg BT 392.76 443.00 Td (its ) Tj ET Q q 0 0 0 rg BT 404.36 443.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 433.16 443.00 Td (structure. ) Tj ET Q q 0 0 0 rg BT 472.80 443.00 Td (Refer ) Tj ET Q q 0 0 0 rg BT 497.16 443.00 Td (to ) Tj ET Q q 0 0 0 rg BT 507.09 443.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.46 443.00 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.94 431.00 Td (Security ) Tj ET Q q 0 0 0 rg BT 131.33 431.00 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 177.84 431.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.79 431.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 220.85 431.00 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 264.57 431.00 Td (Owners ) Tj ET Q q 0 0 0 rg BT 298.30 431.00 Td (and ) Tj ET Q q 0 0 0 rg BT 315.36 431.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 370.19 431.00 Td (and ) Tj ET Q q 0 0 0 rg BT 387.26 431.00 Td (Related ) Tj ET Q q 0 0 0 rg BT 420.42 431.00 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 471.38 431.00 Td (Matters ) Tj ET Q q 0 0 0 rg BT 508.99 431.00 Td (in ) Tj ET Q q 0 0 0 rg BT 519.39 431.00 Td (our ) Tj ET Q q 0 0 0 rg BT 535.35 431.00 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.00 Td (proxy ) Tj ET Q q 0 0 0 rg BT 75.83 419.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 116.65 419.00 Td (for ) Tj ET Q q 0 0 0 rg BT 130.81 419.00 Td (more ) Tj ET Q q 0 0 0 rg BT 153.86 419.00 Td (information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 395.00 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 95.39 395.00 Td (in ) Tj ET Q q 0 0 0 rg BT 105.78 395.00 Td (our ) Tj ET Q q 0 0 0 rg BT 122.28 395.00 Td (articles ) Tj ET Q q 0 0 0 rg BT 154.32 395.00 Td (of ) Tj ET Q q 0 0 0 rg BT 164.70 395.00 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 225.93 395.00 Td (bylaws, ) Tj ET Q q 0 0 0 rg BT 258.25 395.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.86 395.00 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 317.35 395.00 Td (law ) Tj ET Q q 0 0 0 rg BT 333.85 395.00 Td (may ) Tj ET Q q 0 0 0 rg BT 353.11 395.00 Td (make ) Tj ET Q q 0 0 0 rg BT 377.38 395.00 Td (it ) Tj ET Q q 0 0 0 rg BT 384.98 395.00 Td (dif) Tj ET Q q 0 0 0 rg BT 395.91 395.00 Td (ficult ) Tj ET Q q 0 0 0 rg BT 419.62 395.00 Td (for ) Tj ET Q q 0 0 0 rg BT 433.89 395.00 Td (a ) Tj ET Q q 0 0 0 rg BT 440.94 395.00 Td (third ) Tj ET Q q 0 0 0 rg BT 463.00 395.00 Td (party ) Tj ET Q q 0 0 0 rg BT 486.16 395.00 Td (to ) Tj ET Q q 0 0 0 rg BT 495.98 395.00 Td (acquire ) Tj ET Q q 0 0 0 rg BT 529.14 395.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 543.14 395.00 Td (even ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 383.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.84 383.00 Td (situations ) Tj ET Q q 0 0 0 rg BT 103.36 383.00 Td (that ) Tj ET Q q 0 0 0 rg BT 121.98 383.00 Td (may ) Tj ET Q q 0 0 0 rg BT 141.69 383.00 Td (be ) Tj ET Q q 0 0 0 rg BT 153.63 383.00 Td (viewed ) Tj ET Q q 0 0 0 rg BT 183.90 383.00 Td (as ) Tj ET Q q 0 0 0 rg BT 195.29 383.00 Td (desirable ) Tj ET Q q 0 0 0 rg BT 235.00 383.00 Td (by ) Tj ET Q q 0 0 0 rg BT 246.94 383.00 Td (our ) Tj ET Q q 0 0 0 rg BT 263.90 383.00 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 359.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.14 359.00 Td (certificate ) Tj ET Q q 0 0 0 rg BT 146.70 359.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.62 359.00 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 214.09 359.00 Td (and ) Tj ET Q q 0 0 0 rg BT 231.12 359.00 Td (bylaws, ) Tj ET Q q 0 0 0 rg BT 264.54 359.00 Td (and ) Tj ET Q q 0 0 0 rg BT 281.57 359.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.38 359.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 340.64 359.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.56 359.00 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 392.46 359.00 Td (law ) Tj ET Q q 0 0 0 rg BT 409.49 359.00 Td (may ) Tj ET Q q 0 0 0 rg BT 429.30 359.00 Td (delay) Tj ET Q q 0 0 0 rg BT 450.30 359.00 Td (, ) Tj ET Q q 0 0 0 rg BT 455.40 359.00 Td (prevent ) Tj ET Q q 0 0 0 rg BT 487.97 359.00 Td (or ) Tj ET Q q 0 0 0 rg BT 498.89 359.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 540.36 359.00 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.00 Td (it ) Tj ET Q q 0 0 0 rg BT 57.80 347.00 Td (more ) Tj ET Q q 0 0 0 rg BT 80.59 347.00 Td (dif) Tj ET Q q 0 0 0 rg BT 91.52 347.00 Td (ficult ) Tj ET Q q 0 0 0 rg BT 114.87 347.00 Td (to ) Tj ET Q q 0 0 0 rg BT 124.89 347.00 Td (acquire ) Tj ET Q q 0 0 0 rg BT 156.56 347.00 Td (us ) Tj ET Q q 0 0 0 rg BT 167.69 347.00 Td (by ) Tj ET Q q 0 0 0 rg BT 179.93 347.00 Td (means ) Tj ET Q q 0 0 0 rg BT 207.72 347.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.30 347.00 Td (a ) Tj ET Q q 0 0 0 rg BT 224.98 347.00 Td (tender ) Tj ET Q q 0 0 0 rg BT 252.21 347.00 Td (of) Tj ET Q q 0 0 0 rg BT 260.36 347.00 Td (fer) Tj ET Q q 0 0 0 rg BT 271.06 347.00 Td (, ) Tj ET Q q 0 0 0 rg BT 275.80 347.00 Td (a ) Tj ET Q q 0 0 0 rg BT 282.48 347.00 Td (proxy ) Tj ET Q q 0 0 0 rg BT 308.06 347.00 Td (contest, ) Tj ET Q q 0 0 0 rg BT 341.13 347.00 Td (open ) Tj ET Q q 0 0 0 rg BT 362.81 347.00 Td (market ) Tj ET Q q 0 0 0 rg BT 392.81 347.00 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 436.99 347.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 471.99 347.00 Td (of ) Tj ET Q q 0 0 0 rg BT 482.57 347.00 Td (incumbent ) Tj ET Q q 0 0 0 rg BT 527.02 347.00 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.00 Td (and ) Tj ET Q q 0 0 0 rg BT 68.41 335.00 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 113.47 335.00 Td (These ) Tj ET Q q 0 0 0 rg BT 141.31 335.00 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 189.45 335.00 Td (which ) Tj ET Q q 0 0 0 rg BT 217.86 335.00 Td (are ) Tj ET Q q 0 0 0 rg BT 234.03 335.00 Td (summarized ) Tj ET Q q 0 0 0 rg BT 286.87 335.00 Td (below) Tj ET Q q 0 0 0 rg BT 310.66 335.00 Td (, ) Tj ET Q q 0 0 0 rg BT 317.13 335.00 Td (are ) Tj ET Q q 0 0 0 rg BT 333.31 335.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.81 335.00 Td (to ) Tj ET Q q 0 0 0 rg BT 384.56 335.00 Td (discourage ) Tj ET Q q 0 0 0 rg BT 431.84 335.00 Td (coercive ) Tj ET Q q 0 0 0 rg BT 469.67 335.00 Td (takeover ) Tj ET Q q 0 0 0 rg BT 508.06 335.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 547.56 335.00 Td (and ) Tj ET Q BT /F1 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 117.80 Td (These provisions could prohibit or delay mer) Tj ET Q q 0 0 0 rg BT 265.78 117.80 Td (gers or other takeover or change of control attempts with respect to us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.80 Td (and, accordingly) Tj ET Q q 0 0 0 rg BT 115.99 105.80 Td (, may discourage attempts to acquire us.) 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718.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 554.80 718.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 706.25 Td (date ) Tj ET Q q 0 0 0 rg BT 83.59 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.28 706.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 142.85 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 160.75 706.25 Td (Company) Tj ET Q q 0 0 0 rg BT 202.42 706.25 Td (s ) Tj ET Q q 0 0 0 rg BT 208.67 706.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 272.67 706.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.36 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 312.93 706.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 356.38 706.25 Td (with ) Tj ET Q q 0 0 0 rg BT 376.51 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.09 706.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 437.87 706.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 476.88 706.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 530.34 706.25 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.56 694.25 Td (those ) Tj ET Q q 0 0 0 rg BT 94.45 694.25 Td (property ) Tj ET Q q 0 0 0 rg BT 131.10 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.32 694.25 Td (casualty ) Tj ET Q q 0 0 0 rg BT 183.86 694.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 224.96 694.25 Td (carriers ) Tj ET Q q 0 0 0 rg BT 257.72 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.66 694.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 307.09 694.25 Td (using ) Tj ET Q q 0 0 0 rg BT 331.54 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 347.65 694.25 Td (property ) Tj ET Q q 0 0 0 rg BT 384.31 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.53 694.25 Td (casualty ) Tj ET Q q 0 0 0 rg BT 437.07 694.25 Td (data ) Tj ET Q q 0 0 0 rg BT 456.51 694.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 497.04 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.26 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 534.82 694.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 682.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.98 682.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 113.91 682.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 157.63 682.25 Td (using ) Tj ET Q q 0 0 0 rg BT 182.48 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.99 682.25 Td (client ) Tj ET Q q 0 0 0 rg BT 224.38 682.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 274.76 682.25 Td (management ) Tj ET Q q 0 0 0 rg BT 329.03 682.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 366.64 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.59 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.99 682.25 Td (United ) Tj ET Q q 0 0 0 rg BT 423.38 682.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 452.24 682.25 Td (At ) Tj ET Q q 0 0 0 rg BT 465.42 682.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 524.68 682.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 550.35 682.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (had) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 670.25 Td ($441.4 ) Tj ET Q q 0 0 0 rg BT 98.03 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.92 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.34 670.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 180.48 670.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.42 670.25 Td ($30.9 ) Tj ET Q q 0 0 0 rg BT 223.51 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.40 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.82 670.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 332.06 670.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 375.63 670.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 402.55 670.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 433.90 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 447.49 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.29 670.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 511.46 670.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.46 658.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 107.43 658.25 Td (See ) Tj ET Q q 0 0 0 rg BT 123.79 658.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 145.15 658.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 152.08 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.78 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.92 658.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 230.62 658.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 269.75 658.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 315.56 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.14 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.50 658.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 379.10 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.35 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 404.60 658.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 442.08 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.45 658.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 522.02 658.25 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 77.45 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.09 646.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.27 646.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 127.33 646.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 164.63 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.81 646.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 244.21 646.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 285.94 646.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.02 646.25 Td (at ) Tj ET Q q 0 0 0 rg BT 319.98 646.25 Td (least ) Tj ET Q q 0 0 0 rg BT 340.05 646.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 376.23 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.63 646.25 Td (any ) Tj ET Q q 0 0 0 rg BT 405.82 646.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 442.55 646.25 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 492.90 646.25 Td (If ) Tj ET Q q 0 0 0 rg BT 501.30 646.25 Td (it ) Tj ET Q q 0 0 0 rg BT 508.61 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 517.02 646.25 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.41 634.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 107.38 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.13 634.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 184.19 634.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 227.59 634.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 254.33 634.25 Td (have ) Tj ET Q q 0 0 0 rg BT 276.63 634.25 Td (been ) Tj ET Q q 0 0 0 rg BT 298.92 634.25 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 340.37 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 355.45 634.25 Td (must ) Tj ET Q q 0 0 0 rg BT 378.31 634.25 Td (write ) Tj ET Q q 0 0 0 rg BT 402.27 634.25 Td (down ) Tj ET Q q 0 0 0 rg BT 427.91 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.54 634.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 482.51 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.37 634.25 Td (indefinite-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.67 622.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.68 622.25 Td (by ) Tj ET Q q 0 0 0 rg BT 131.37 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.27 622.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.94 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.96 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.85 622.25 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 256.13 622.25 Td (with ) Tj ET Q q 0 0 0 rg BT 276.60 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.72 622.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 343.60 622.25 Td (char) Tj ET Q q 0 0 0 rg BT 360.63 622.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 372.75 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 383.21 622.25 Td (net ) Tj ET Q q 0 0 0 rg BT 398.11 622.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 432.53 622.25 Td (These ) Tj ET Q q 0 0 0 rg BT 459.09 622.25 Td (write ) Tj ET Q q 0 0 0 rg BT 482.32 622.25 Td (downs ) Tj ET Q q 0 0 0 rg BT 511.12 622.25 Td (could ) Tj ET Q q 0 0 0 rg BT 536.02 622.25 Td (have ) Tj ET Q q 0 0 0 rg BT 557.57 622.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (material ) Tj ET Q q 0 0 0 rg BT 85.26 610.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.30 610.25 Td (ef) Tj ET Q q 0 0 0 rg BT 125.88 610.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.37 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.87 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.70 610.25 Td (results ) Tj ET Q q 0 0 0 rg BT 200.31 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.14 610.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.29 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.23 610.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.71 610.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.46 586.25 Td (we ) Tj ET Q q 0 0 0 rg BT 72.80 586.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 88.92 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.94 586.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 138.41 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 151.21 586.25 Td (ef) Tj ET Q q 0 0 0 rg BT 158.79 586.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 187.67 586.25 Td (system ) Tj ET Q q 0 0 0 rg BT 217.12 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.69 586.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 262.71 586.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 300.79 586.25 Td (we ) Tj ET Q q 0 0 0 rg BT 314.13 586.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.58 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 349.16 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 360.83 586.25 Td (able ) Tj ET Q q 0 0 0 rg BT 380.28 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.30 586.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 435.29 586.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 478.63 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.32 586.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.78 586.25 Td (results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.37 574.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 94.39 574.25 Td (fraud. ) Tj ET Q q 0 0 0 rg BT 121.78 574.25 Td (As ) Tj ET Q q 0 0 0 rg BT 134.81 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 142.29 574.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 170.60 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.53 574.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 241.68 574.25 Td (could ) Tj ET Q q 0 0 0 rg BT 266.93 574.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 285.51 574.25 Td (confidence ) Tj ET Q q 0 0 0 rg BT 332.97 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.79 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.71 574.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.41 574.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 432.62 574.25 Td (which ) Tj ET Q q 0 0 0 rg BT 460.10 574.25 Td (could ) Tj ET Q q 0 0 0 rg BT 485.36 574.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 510.06 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.99 574.25 Td (business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.34 562.25 Td (market ) Tj ET Q q 0 0 0 rg BT 114.73 562.25 Td (value ) Tj ET Q q 0 0 0 rg BT 139.44 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.27 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.23 562.25 Td (common ) Tj ET Q q 0 0 0 rg BT 205.28 562.25 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 538.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.77 538.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 157.62 538.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 192.15 538.25 Td (over ) Tj ET Q q 0 0 0 rg BT 212.23 538.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.52 538.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 288.48 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.00 538.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 344.17 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.14 538.25 Td (us ) Tj ET Q q 0 0 0 rg BT 369.34 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.43 538.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 412.29 538.25 Td (reliable ) Tj ET Q q 0 0 0 rg BT 444.58 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.33 538.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 496.94 538.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.23 538.25 Td (reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 526.25 Td (ef) Tj ET Q q 0 0 0 rg BT 74.29 526.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 111.54 526.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 143.79 526.25 Td (fraud. ) Tj ET Q q 0 0 0 rg BT 169.50 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 178.13 526.25 Td (e ) Tj ET Q q 0 0 0 rg BT 184.84 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 204.32 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.37 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.85 526.25 Td (future ) Tj ET Q q 0 0 0 rg BT 255.00 526.25 Td (discover ) Tj ET Q q 0 0 0 rg BT 291.14 526.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 313.94 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.54 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.14 526.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.95 526.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 407.43 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 424.69 526.25 Td (need ) Tj ET Q q 0 0 0 rg BT 445.84 526.25 Td (improvement. ) Tj ET Q q 0 0 0 rg BT 503.92 526.25 Td (Section404 ) Tj ET Q q 0 0 0 rg BT 553.69 526.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 514.25 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 130.35 514.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 147.18 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.90 514.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 182.80 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 193.52 514.25 Td (\(SOX\), ) Tj ET Q q 0 0 0 rg BT 233.96 514.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 268.56 514.25 Td (us ) Tj ET Q q 0 0 0 rg BT 279.85 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.02 514.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 325.73 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.56 514.25 Td (report ) Tj ET Q q 0 0 0 rg BT 368.83 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.23 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.84 514.25 Td (ef) Tj ET Q q 0 0 0 rg BT 403.43 514.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 450.25 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.97 514.25 Td (our ) Tj ET Q q 0 0 0 rg BT 476.70 514.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 509.63 514.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 544.25 514.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.54 502.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.75 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.74 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 165.18 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 181.06 502.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 232.49 502.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 267.26 502.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 289.82 502.25 Td (their ) Tj ET Q q 0 0 0 rg BT 310.70 502.25 Td (own ) Tj ET Q q 0 0 0 rg BT 330.48 502.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 363.59 502.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 404.46 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 502.25 Td (ef) Tj ET Q q 0 0 0 rg BT 426.82 502.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 473.80 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.69 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 500.58 502.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.67 502.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.76 490.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 145.42 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.87 490.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.07 490.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 239.87 490.25 Td (While ) Tj ET Q q 0 0 0 rg BT 266.31 490.25 Td (we ) Tj ET Q q 0 0 0 rg BT 279.98 490.25 Td (continually ) Tj ET Q q 0 0 0 rg BT 326.98 490.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 368.40 490.25 Td (ef) Tj ET Q q 0 0 0 rg BT 375.99 490.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 396.33 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.11 490.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 443.11 490.25 Td (an ) Tj ET Q q 0 0 0 rg BT 454.55 490.25 Td (ef) Tj ET Q q 0 0 0 rg BT 462.14 490.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 491.35 490.25 Td (system ) Tj ET Q q 0 0 0 rg BT 521.13 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.47 490.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.66 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.53 478.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 150.06 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 170.28 478.25 Td (SOX, ) Tj ET Q q 0 0 0 rg BT 195.22 478.25 Td (we ) Tj ET Q q 0 0 0 rg BT 209.32 478.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 238.42 478.25 Td (always ) Tj ET Q q 0 0 0 rg BT 268.62 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 280.50 478.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.14 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 327.58 478.25 Td (we ) Tj ET Q q 0 0 0 rg BT 341.67 478.25 Td (will ) Tj ET Q q 0 0 0 rg BT 359.67 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 371.55 478.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 415.09 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.30 478.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 475.51 478.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 513.48 478.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.25 478.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 466.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 103.31 466.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 142.46 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.39 466.25 Td (related ) Tj ET Q q 0 0 0 rg BT 189.09 466.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.57 466.25 Td (processes. ) Tj ET Q q 0 0 0 rg BT 269.89 466.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 324.87 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 335.70 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 349.86 466.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 372.91 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.74 466.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 427.62 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 443.45 466.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 476.49 466.25 Td (control ) Tj ET Q q 0 0 0 rg BT 507.31 466.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 544.80 466.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (become ) Tj ET Q q 0 0 0 rg BT 83.71 454.25 Td (more ) Tj ET Q q 0 0 0 rg BT 106.87 454.25 Td (complex, ) Tj ET Q q 0 0 0 rg BT 146.41 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.46 454.25 Td (could ) Tj ET Q q 0 0 0 rg BT 188.29 454.25 Td (possibly ) Tj ET Q q 0 0 0 rg BT 224.24 454.25 Td (require ) Tj ET Q q 0 0 0 rg BT 255.17 454.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 307.77 454.25 Td (more ) Tj ET Q q 0 0 0 rg BT 330.93 454.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 371.30 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.69 454.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 410.41 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 426.35 454.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 459.50 454.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 494.33 454.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 524.71 454.25 Td (ef) Tj ET Q q 0 0 0 rg BT 532.29 454.25 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.11 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 73.22 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 84.00 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 99.79 442.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 151.11 442.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 185.78 442.25 Td (discover ) Tj ET Q q 0 0 0 rg BT 222.10 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.99 442.25 Td (material ) Tj ET Q q 0 0 0 rg BT 264.20 442.25 Td (weakness ) Tj ET Q q 0 0 0 rg BT 304.98 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.76 442.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 360.42 442.25 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 404.51 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.74 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 430.52 442.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 465.19 442.25 Td (over ) Tj ET Q q 0 0 0 rg BT 485.41 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.84 442.25 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 430.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 108.52 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.73 430.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.60 430.25 Td (fact, ) Tj ET Q q 0 0 0 rg BT 157.96 430.25 Td (even ) Tj ET Q q 0 0 0 rg BT 179.72 430.25 Td (if ) Tj ET Q q 0 0 0 rg BT 188.70 430.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 241.56 430.25 Td (remedied, ) Tj ET Q q 0 0 0 rg BT 284.14 430.25 Td (could ) Tj ET Q q 0 0 0 rg BT 309.24 430.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 362.11 430.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 391.63 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.72 430.25 Td (market ) Tj ET Q q 0 0 0 rg BT 437.36 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 461.90 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.10 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 489.31 430.25 Td (common ) Tj ET Q q 0 0 0 rg BT 527.18 430.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 553.67 430.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.38 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.70 418.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 141.01 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.45 418.25 Td (any ) Tj ET Q q 0 0 0 rg BT 167.99 418.25 Td (material ) Tj ET Q q 0 0 0 rg BT 202.86 418.25 Td (weakness ) Tj ET Q q 0 0 0 rg BT 243.28 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.72 418.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 298.04 418.25 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 341.78 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 361.10 418.25 Td (require ) Tj ET Q q 0 0 0 rg BT 391.53 418.25 Td (management ) Tj ET Q q 0 0 0 rg BT 444.72 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.61 418.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 483.37 418.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.68 418.25 Td (time ) Tj ET Q q 0 0 0 rg BT 547.56 418.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.98 406.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 117.62 406.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 152.25 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.46 406.25 Td (remediate ) Tj ET Q q 0 0 0 rg BT 204.31 406.25 Td (any ) Tj ET Q q 0 0 0 rg BT 221.18 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 241.94 406.25 Td (weaknesses, ) Tj ET Q q 0 0 0 rg BT 293.52 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.38 406.25 Td (management ) Tj ET Q q 0 0 0 rg BT 363.90 406.25 Td (may ) Tj ET Q q 0 0 0 rg BT 383.55 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 398.75 406.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.62 406.25 Td (able ) Tj ET Q q 0 0 0 rg BT 429.71 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.91 406.25 Td (remediate ) Tj ET Q q 0 0 0 rg BT 481.76 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.41 406.25 Td (same ) Tj ET Q q 0 0 0 rg BT 519.38 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 529.59 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.46 406.25 Td (timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (manner) Tj ET Q q 0 0 0 rg BT 79.43 394.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 370.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 96.51 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.43 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 122.47 370.25 Td (business ) Tj ET Q q 0 0 0 rg BT 159.07 370.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 194.55 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.92 370.25 Td (application ) Tj ET Q q 0 0 0 rg BT 256.62 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.53 370.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 302.55 370.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 336.91 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.06 370.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 388.41 370.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 437.23 370.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 459.38 370.25 Td (that ) Tj ET Q q 0 0 0 rg BT 477.08 370.25 Td (require ) Tj ET Q q 0 0 0 rg BT 508.67 370.25 Td (management ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 358.25 Td (make ) Tj ET Q q 0 0 0 rg BT 84.70 358.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.82 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.73 358.25 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 198.36 358.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 248.55 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 253.40 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.53 358.25 Td (current ) Tj ET Q q 0 0 0 rg BT 301.44 358.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 344.89 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.81 358.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 407.93 358.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 462.51 358.25 Td (af) Tj ET Q q 0 0 0 rg BT 470.66 358.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 501.33 358.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.47 358.25 Td (Generally ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Accepted ) Tj ET Q q 0 0 0 rg BT 88.63 346.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 138.10 346.25 Td (Principles ) Tj ET Q q 0 0 0 rg BT 181.44 346.25 Td (\(GAAP\) ) Tj ET Q q 0 0 0 rg BT 226.45 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 234.80 346.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 276.49 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.73 346.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.31 346.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 374.88 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.90 346.25 Td (current ) Tj ET Q q 0 0 0 rg BT 417.14 346.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 459.38 346.25 Td (could ) Tj ET Q q 0 0 0 rg BT 483.84 346.25 Td (af) Tj ET Q q 0 0 0 rg BT 491.99 346.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.65 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.78 346.25 Td (financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.83 334.25 Td (going ) Tj ET Q q 0 0 0 rg BT 121.67 334.25 Td (forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.91 310.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 153.80 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.49 310.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.83 310.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 249.40 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.54 310.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 308.33 310.25 Td (with ) Tj ET Q q 0 0 0 rg BT 329.47 310.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 350.61 310.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 377.46 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.82 310.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 416.39 310.25 Td (management ) Tj ET Q q 0 0 0 rg BT 470.84 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.98 310.25 Td (make ) Tj ET Q q 0 0 0 rg BT 506.99 310.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 547.56 310.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 100.83 298.25 Td (that ) Tj ET Q q 0 0 0 rg BT 117.21 298.25 Td (af) Tj ET Q q 0 0 0 rg BT 124.80 298.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.17 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.77 298.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 190.04 298.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 224.74 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.90 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.50 298.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.43 298.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.80 298.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 381.79 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.43 298.25 Td (e ) Tj ET Q q 0 0 0 rg BT 396.25 298.25 Td (base ) Tj ET Q q 0 0 0 rg BT 415.41 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 430.12 298.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 468.72 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.10 298.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 518.70 298.25 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 80.01 286.25 Td (various ) Tj ET Q q 0 0 0 rg BT 112.24 286.25 Td (other ) Tj ET Q q 0 0 0 rg BT 135.58 286.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 187.81 286.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.60 286.25 Td (we ) Tj ET Q q 0 0 0 rg BT 220.04 286.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 251.70 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.27 286.25 Td (be ) Tj ET Q q 0 0 0 rg BT 274.50 286.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 320.04 286.25 Td (under ) Tj ET Q q 0 0 0 rg BT 345.60 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.60 286.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 422.53 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.53 286.25 Td (results ) Tj ET Q q 0 0 0 rg BT 466.43 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.55 286.25 Td (which ) Tj ET Q q 0 0 0 rg BT 504.78 286.25 Td (form ) Tj ET Q q 0 0 0 rg BT 527.00 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 286.25 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.24 274.25 Td (making ) Tj ET Q q 0 0 0 rg BT 96.81 274.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 141.06 274.25 Td (about ) Tj ET Q q 0 0 0 rg BT 165.86 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.65 274.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 216.55 274.25 Td (values ) Tj ET Q q 0 0 0 rg BT 244.67 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.58 274.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 283.99 274.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 326.29 274.25 Td (equity) Tj ET Q q 0 0 0 rg BT 350.63 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 355.71 274.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 393.83 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.85 274.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 449.53 274.25 Td (that ) Tj ET Q q 0 0 0 rg BT 467.10 274.25 Td (are ) Tj ET Q q 0 0 0 rg BT 481.89 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 497.25 274.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 527.59 274.25 Td (apparent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 94.99 262.25 Td (sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.25 Td (While ) Tj ET Q q 0 0 0 rg BT 113.22 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 127.66 238.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 159.32 238.25 Td (that ) Tj ET Q q 0 0 0 rg BT 177.10 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.21 238.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.98 238.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 275.98 238.25 Td (have ) Tj ET Q q 0 0 0 rg BT 297.64 238.25 Td (been ) Tj ET Q q 0 0 0 rg BT 319.30 238.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 357.06 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.62 238.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 415.37 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 435.93 238.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.59 238.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 524.81 238.25 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 88.55 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.91 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.70 226.25 Td (United ) Tj ET Q q 0 0 0 rg BT 146.50 226.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 176.46 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 191.70 226.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 221.94 226.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 253.28 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 274.64 226.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 313.20 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.99 226.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 359.79 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.69 226.25 Td (future ) Tj ET Q q 0 0 0 rg BT 399.15 226.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 434.94 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.29 226.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 493.75 226.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 536.76 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 548.67 226.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.47 214.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 130.17 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 142.76 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.69 214.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.26 214.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 241.07 214.25 Td (going ) Tj ET Q q 0 0 0 rg BT 266.44 214.25 Td (forward. ) Tj ET Q q 0 0 0 rg BT 303.19 214.25 Td (In ) Tj ET Q q 0 0 0 rg BT 314.11 214.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 351.98 214.25 Td (were ) Tj ET Q q 0 0 0 rg BT 374.01 214.25 Td (we ) Tj ET Q q 0 0 0 rg BT 388.26 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.64 214.25 Td (change ) Tj ET Q q 0 0 0 rg BT 429.55 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 445.47 214.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 475.83 214.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.29 214.25 Td (estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.13 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.71 202.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 133.18 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.87 202.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 191.77 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.46 202.25 Td (license ) Tj ET Q q 0 0 0 rg BT 232.58 202.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 266.58 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.38 202.25 Td (other ) Tj ET Q q 0 0 0 rg BT 306.28 202.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 340.29 202.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 375.14 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.83 202.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 426.50 202.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 464.39 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.19 202.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.66 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 202.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 190.25 Td (be ) Tj ET Q q 0 0 0 rg BT 86.66 190.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 139.15 190.25 Td (impacted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.85 166.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 150.03 166.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 171.78 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.52 166.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 235.26 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 252.56 166.25 Td (we ) Tj ET Q q 0 0 0 rg BT 266.53 166.25 Td (must ) Tj ET Q q 0 0 0 rg BT 288.28 166.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 320.58 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 340.67 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 355.18 166.25 Td (complex. ) Tj ET Q q 0 0 0 rg BT 394.42 166.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 424.49 166.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 455.12 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.87 166.25 Td (public ) Tj ET Q q 0 0 0 rg BT 499.17 166.25 Td (comments ) Tj ET Q q 0 0 0 rg BT 542.58 166.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.61 154.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 101.91 154.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 149.97 154.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 190.80 154.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 216.64 154.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 233.58 154.25 Td (F) Tj ET Q q 0 0 0 rg BT 242.84 154.25 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 271.45 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.29 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 154.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 341.73 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.57 154.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 398.39 154.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 450.35 154.25 Td (have ) Tj ET Q q 0 0 0 rg BT 470.62 154.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 503.12 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 514.52 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.13 154.25 Td (integrity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.30 142.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.26 142.25 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 141.39 142.25 Td (In ) Tj ET Q q 0 0 0 rg BT 152.69 142.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 190.94 142.25 Td (many ) Tj ET Q q 0 0 0 rg BT 216.13 142.25 Td (companies' ) Tj ET Q q 0 0 0 rg BT 263.67 142.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 310.51 142.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 344.59 142.25 Td (are ) Tj ET Q q 0 0 0 rg BT 359.77 142.25 Td (being ) Tj ET Q q 0 0 0 rg BT 384.96 142.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 416.26 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.01 142.25 Td (heightened ) Tj ET Q q 0 0 0 rg BT 473.86 142.25 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 509.05 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.02 142.25 Td (regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.37 130.25 Td (public. ) Tj ET Q q 0 0 0 rg BT 112.72 130.25 Td (Further) Tj ET Q q 0 0 0 rg BT 141.76 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 147.12 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.19 130.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 208.92 130.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 231.22 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.52 130.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 295.81 130.25 Td (are ) Tj ET Q q 0 0 0 rg BT 310.87 130.25 Td (continually ) Tj ET Q q 0 0 0 rg BT 358.72 130.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 398.24 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.87 130.25 Td (ways ) Tj ET Q q 0 0 0 rg BT 432.28 130.25 Td (that ) Tj ET Q q 0 0 0 rg BT 450.13 130.25 Td (could ) Tj ET Q q 0 0 0 rg BT 475.21 130.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 518.60 130.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.67 130.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 118.25 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 85.41 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.59 94.25 Td (future ) Tj ET Q q 0 0 0 rg BT 131.77 94.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 180.50 94.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 252.02 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.20 94.25 Td (other ) Tj ET Q q 0 0 0 rg BT 294.49 94.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.33 94.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.29 94.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 420.42 94.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 463.02 94.25 Td (but ) Tj ET Q q 0 0 0 rg BT 478.97 94.25 Td (not ) Tj ET Q q 0 0 0 rg BT 494.93 94.25 Td (only ) Tj ET Q q 0 0 0 rg BT 515.33 94.25 Td (concerning ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 85.27 82.25 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 137.50 82.25 Td (may ) Tj ET Q q 0 0 0 rg BT 157.21 82.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 201.36 82.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 231.64 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.91 82.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.64 82.25 Td (results ) Tj ET Q q 0 0 0 rg BT 316.37 82.25 Td (we ) Tj ET Q q 0 0 0 rg BT 329.98 82.25 Td (present.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 62.75 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 62.75 Td (e ) Tj ET Q q 0 0 0 rg BT 101.12 62.75 Td (regularly ) Tj ET Q q 0 0 0 rg BT 139.26 62.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 172.97 62.75 Td (our ) Tj ET Q q 0 0 0 rg BT 188.35 62.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 236.48 62.75 Td (with ) Tj ET Q q 0 0 0 rg BT 256.31 62.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 299.44 62.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.47 62.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.17 62.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 414.98 62.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.47 62.75 Td (review ) Tj ET Q q 0 0 0 rg BT 460.72 62.75 Td (new ) Tj ET Q q 0 0 0 rg BT 479.43 62.75 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 547.57 62.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.75 Td (drafts ) Tj ET Q q 0 0 0 rg BT 75.14 50.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 105.83 50.75 Td (that ) Tj ET Q q 0 0 0 rg BT 123.20 50.75 Td (are ) Tj ET Q q 0 0 0 rg BT 137.77 50.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 172.35 50.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.50 50.75 Td (us. ) Tj ET Q q 0 0 0 rg BT 195.74 50.75 Td (As ) Tj ET Q q 0 0 0 rg BT 209.22 50.75 Td (a ) Tj ET Q q 0 0 0 rg BT 216.03 50.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 243.12 50.75 Td (we ) Tj ET Q q 0 0 0 rg BT 257.16 50.75 Td (might ) Tj ET Q q 0 0 0 rg BT 282.86 50.75 Td (be ) Tj ET Q q 0 0 0 rg BT 294.67 50.75 Td (required ) Tj ET Q q 0 0 0 rg BT 330.36 50.75 Td (to ) Tj ET Q q 0 0 0 rg BT 340.51 50.75 Td (change ) Tj ET Q q 0 0 0 rg BT 371.20 50.75 Td (our ) Tj ET Q q 0 0 0 rg BT 386.90 50.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 433.15 50.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 469.12 50.75 Td (particularly ) Tj ET Q q 0 0 0 rg BT 517.58 50.75 Td (concerning ) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 82.96 742.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 132.32 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.41 742.10 Td (alter ) Tj ET Q q 0 0 0 rg BT 160.49 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.13 742.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 221.43 742.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 247.74 742.10 Td (so ) Tj ET Q q 0 0 0 rg BT 257.95 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.26 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 281.13 742.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 311.87 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 329.84 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.49 742.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 376.90 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.19 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.16 742.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 492.74 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.39 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.48 742.10 Td (retroactively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 74.72 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 95.55 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 114.71 730.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 154.98 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.25 730.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 209.97 730.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 237.47 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.95 730.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 698.60 Td (Risks ) Tj ET Q q 0 0 0 rg BT 75.84 698.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 111.11 698.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.94 698.60 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 166.67 698.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.29 698.60 Td (Regulation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 674.60 Td (The ) Tj ET Q q 0 0 0 rg BT 69.62 674.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 93.14 674.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.21 674.60 Td (ef) Tj ET Q q 0 0 0 rg BT 119.80 674.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 142.19 674.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.04 674.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 197.28 674.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 257.47 674.60 Td (or ) Tj ET Q q 0 0 0 rg BT 269.88 674.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 302.29 674.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 336.36 674.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 378.21 674.60 Td (us ) Tj ET Q q 0 0 0 rg BT 391.18 674.60 Td (or ) Tj ET Q q 0 0 0 rg BT 403.59 674.60 Td (our ) Tj ET Q q 0 0 0 rg BT 421.55 674.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 476.47 674.60 Td (or ) Tj ET Q q 0 0 0 rg BT 488.88 674.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 523.49 674.60 Td (facts ) Tj ET Q q 0 0 0 rg BT 546.44 674.60 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 662.60 Td (developments ) Tj ET Q q 0 0 0 rg BT 108.04 662.60 Td (related ) Tj ET Q q 0 0 0 rg BT 138.87 662.60 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 172.75 662.60 Td (could ) Tj ET Q q 0 0 0 rg BT 198.03 662.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 242.19 662.60 Td (af) Tj ET Q q 0 0 0 rg BT 250.34 662.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 267.83 662.60 Td (our ) Tj ET Q q 0 0 0 rg BT 284.78 662.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 324.79 662.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 366.74 662.60 Td (results ) Tj ET Q q 0 0 0 rg BT 396.47 662.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.54 662.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.26 662.60 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 638.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 638.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.31 638.60 Td (may ) Tj ET Q q 0 0 0 rg BT 120.76 638.60 Td (be ) Tj ET Q q 0 0 0 rg BT 132.43 638.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 169.66 638.60 Td (from ) Tj ET Q q 0 0 0 rg BT 191.33 638.60 Td (time ) Tj ET Q q 0 0 0 rg BT 211.34 638.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.35 638.60 Td (time ) Tj ET Q q 0 0 0 rg BT 241.36 638.60 Td (in ) Tj ET Q q 0 0 0 rg BT 251.37 638.60 Td (a ) Tj ET Q q 0 0 0 rg BT 258.05 638.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 288.04 638.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.61 638.60 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 339.45 638.60 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 399.74 638.60 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 436.96 638.60 Td (or ) Tj ET Q q 0 0 0 rg BT 447.53 638.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 477.54 638.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 509.20 638.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 538.65 638.60 Td (out ) Tj ET Q q 0 0 0 rg BT 553.67 638.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.28 626.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 105.61 626.60 Td (including ) Tj ET Q q 0 0 0 rg BT 146.33 626.60 Td (those ) Tj ET Q q 0 0 0 rg BT 170.39 626.60 Td (described ) Tj ET Q q 0 0 0 rg BT 211.65 626.60 Td (in ) Tj ET Q q 0 0 0 rg BT 222.37 626.60 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 226.810546875 625.2669921875 m 364.7197265625 625.2669921875 l s q 0 0 0 rg BT 226.81 626.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 245.86 626.60 Td (I, ) Tj ET Q q 0 0 0 rg BT 254.64 626.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 275.91 626.60 Td (3 ) Tj ET Q q 0 0 0 rg BT 283.86 626.60 Td (- ) Tj ET Q q 0 0 0 rg BT 290.13 626.60 Td (Legal ) Tj ET Q q 0 0 0 rg BT 315.84 626.60 Td (Proceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.72 626.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.10 626.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.49 626.60 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 393.9267578125 625.2669921875 m 564.50341796875 625.2669921875 l s q 0 0 0 rg BT 393.93 626.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 412.98 626.60 Td (II ) Tj ET Q q 0 0 0 rg BT 422.59 626.60 Td (- ) Tj ET Q q 0 0 0 rg BT 428.86 626.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 450.13 626.60 Td (8. ) Tj ET Q q 0 0 0 rg BT 460.58 626.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 500.74 626.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 547.56 626.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 613.2669921875 m 306.689453125 613.2669921875 l s q 0 0 0 rg BT 50.00 614.60 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 112.77 614.60 Td (Data ) Tj ET Q q 0 0 0 rg BT 133.88 614.60 Td (- ) Tj ET Q q 0 0 0 rg BT 139.44 614.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 161.11 614.60 Td (6 ) Tj ET Q q 0 0 0 rg BT 168.34 614.60 Td (- ) Tj ET Q q 0 0 0 rg BT 173.91 614.60 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 232.81 614.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.48 614.60 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.69 614.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.36 614.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.92 614.60 Td (this ) Tj ET Q q 0 0 0 rg BT 340.60 614.60 Td (Report. ) Tj ET Q q 0 0 0 rg BT 372.55 614.60 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 393.67 614.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 422.55 614.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 452.55 614.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.00 614.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 503.66 614.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.22 614.60 Td (these ) Tj ET Q q 0 0 0 rg BT 537.00 614.60 Td (or ) Tj ET Q q 0 0 0 rg BT 547.56 614.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.60 Td (other ) Tj ET Q q 0 0 0 rg BT 73.37 602.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 95.63 602.60 Td (matters. ) Tj ET Q q 0 0 0 rg BT 130.39 602.60 Td (In ) Tj ET Q q 0 0 0 rg BT 141.54 602.60 Td (the ) Tj ET Q q 0 0 0 rg BT 156.58 602.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 185.78 602.60 Td (we ) Tj ET Q q 0 0 0 rg BT 200.26 602.60 Td (may ) Tj ET Q q 0 0 0 rg BT 220.30 602.60 Td (need ) Tj ET Q q 0 0 0 rg BT 242.01 602.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.61 602.60 Td (record ) Tj ET Q q 0 0 0 rg BT 280.97 602.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 319.90 602.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 355.48 602.60 Td (with ) Tj ET Q q 0 0 0 rg BT 376.08 602.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 407.22 602.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.83 602.60 Td (these ) Tj ET Q q 0 0 0 rg BT 441.20 602.60 Td (matters. ) Tj ET Q q 0 0 0 rg BT 475.95 602.60 Td (Further) Tj ET Q q 0 0 0 rg BT 504.99 602.60 Td (, ) Tj ET Q q 0 0 0 rg BT 510.32 602.60 Td (regardless ) Tj ET Q q 0 0 0 rg BT 553.68 602.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.60 Td (how ) Tj ET Q q 0 0 0 rg BT 69.31 590.60 Td (these ) Tj ET Q q 0 0 0 rg BT 91.95 590.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 123.47 590.60 Td (proceed, ) Tj ET Q q 0 0 0 rg BT 159.70 590.60 Td (it ) Tj ET Q q 0 0 0 rg BT 167.35 590.60 Td (could ) Tj ET Q q 0 0 0 rg BT 191.65 590.60 Td (divert ) Tj ET Q q 0 0 0 rg BT 217.07 590.60 Td (our ) Tj ET Q q 0 0 0 rg BT 232.49 590.60 Td (management's ) Tj ET Q q 0 0 0 rg BT 291.36 590.60 Td (attention ) Tj ET Q q 0 0 0 rg BT 328.44 590.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.96 590.60 Td (other ) Tj ET Q q 0 0 0 rg BT 367.60 590.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 407.45 590.60 Td (away ) Tj ET Q q 0 0 0 rg BT 430.64 590.60 Td (from ) Tj ET Q q 0 0 0 rg BT 452.16 590.60 Td (our ) Tj ET Q q 0 0 0 rg BT 467.58 590.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 506.06 590.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 523.70 590.60 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.60 Td (may ) Tj ET Q q 0 0 0 rg BT 69.55 578.60 Td (not ) Tj ET Q q 0 0 0 rg BT 84.66 578.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 109.20 578.60 Td (all ) Tj ET Q q 0 0 0 rg BT 121.53 578.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 149.97 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 167.29 578.60 Td (may ) Tj ET Q q 0 0 0 rg BT 186.84 578.60 Td (be ) Tj ET Q q 0 0 0 rg BT 198.62 578.60 Td (asserted ) Tj ET Q q 0 0 0 rg BT 233.16 578.60 Td (against ) Tj ET Q q 0 0 0 rg BT 263.81 578.60 Td (us ) Tj ET Q q 0 0 0 rg BT 275.04 578.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.81 578.60 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 357.46 578.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 382.57 578.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.68 578.60 Td (which ) Tj ET Q q 0 0 0 rg BT 419.45 578.60 Td (we ) Tj ET Q q 0 0 0 rg BT 433.45 578.60 Td (are ) Tj ET Q q 0 0 0 rg BT 447.99 578.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 480.31 578.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.86 578.60 Td (not ) Tj ET Q q 0 0 0 rg BT 514.97 578.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.74 578.60 Td (honored, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.85 566.60 Td (any ) Tj ET Q q 0 0 0 rg BT 81.70 566.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 109.22 566.60 Td (asserted ) Tj ET Q q 0 0 0 rg BT 142.84 566.60 Td (against ) Tj ET Q q 0 0 0 rg BT 172.58 566.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 185.39 566.60 Td (regardless ) Tj ET Q q 0 0 0 rg BT 227.34 566.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.08 566.60 Td (merit ) Tj ET Q q 0 0 0 rg BT 259.60 566.60 Td (or ) Tj ET Q q 0 0 0 rg BT 269.34 566.60 Td (eventual ) Tj ET Q q 0 0 0 rg BT 304.63 566.60 Td (outcome, ) Tj ET Q q 0 0 0 rg BT 342.97 566.60 Td (may ) Tj ET Q q 0 0 0 rg BT 361.60 566.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 383.56 566.60 Td (our ) Tj ET Q q 0 0 0 rg BT 398.31 566.60 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 442.76 566.60 Td (Should ) Tj ET Q q 0 0 0 rg BT 472.52 566.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.15 566.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 520.33 566.60 Td (judgments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.60 Td (or ) Tj ET Q q 0 0 0 rg BT 61.06 554.60 Td (settlements ) Tj ET Q q 0 0 0 rg BT 108.77 554.60 Td (in ) Tj ET Q q 0 0 0 rg BT 119.28 554.60 Td (any ) Tj ET Q q 0 0 0 rg BT 136.45 554.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 175.28 554.60 Td (or ) Tj ET Q q 0 0 0 rg BT 186.34 554.60 Td (investigation ) Tj ET Q q 0 0 0 rg BT 240.73 554.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 293.44 554.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 323.92 554.60 Td (our ) Tj ET Q q 0 0 0 rg BT 339.98 554.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 381.02 554.60 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 422.33 554.60 Td (they ) Tj ET Q q 0 0 0 rg BT 442.28 554.60 Td (could ) Tj ET Q q 0 0 0 rg BT 467.22 554.60 Td (have ) Tj ET Q q 0 0 0 rg BT 488.83 554.60 Td (a ) Tj ET Q q 0 0 0 rg BT 495.99 554.60 Td (material ) Tj ET Q q 0 0 0 rg BT 531.48 554.60 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.60 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 542.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.17 542.60 Td (on ) Tj ET Q q 0 0 0 rg BT 87.77 542.60 Td (our ) Tj ET Q q 0 0 0 rg BT 103.69 542.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 142.68 542.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.26 542.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 220.63 542.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.66 542.60 Td (results ) Tj ET Q q 0 0 0 rg BT 266.37 542.60 Td (of ) Tj ET Q q 0 0 0 rg BT 277.30 542.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 324.05 542.60 Td (In ) Tj ET Q q 0 0 0 rg BT 334.97 542.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 372.84 542.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 415.44 542.60 Td (for ) Tj ET Q q 0 0 0 rg BT 429.69 542.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 470.61 542.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 508.19 542.60 Td (directors' ) Tj ET Q q 0 0 0 rg BT 547.57 542.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 530.60 Td (ficers' ) Tj ET Q q 0 0 0 rg BT 85.05 530.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 119.06 530.60 Td (are ) Tj ET Q q 0 0 0 rg BT 134.16 530.60 Td (rising. ) Tj ET Q q 0 0 0 rg BT 162.12 530.60 Td (W) Tj ET Q q 0 0 0 rg BT 170.76 530.60 Td (e ) Tj ET Q q 0 0 0 rg BT 178.09 530.60 Td (may ) Tj ET Q q 0 0 0 rg BT 198.20 530.60 Td (not ) Tj ET Q q 0 0 0 rg BT 213.88 530.60 Td (be ) Tj ET Q q 0 0 0 rg BT 226.21 530.60 Td (able ) Tj ET Q q 0 0 0 rg BT 245.76 530.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.43 530.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 284.32 530.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 332.75 530.60 Td (types ) Tj ET Q q 0 0 0 rg BT 356.75 530.60 Td (or ) Tj ET Q q 0 0 0 rg BT 367.98 530.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 394.19 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.42 530.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 446.63 530.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.30 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.41 530.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 501.69 530.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 517.91 530.60 Td (may ) Tj ET Q q 0 0 0 rg BT 538.02 530.60 Td (we ) Tj ET Q q 0 0 0 rg BT 552.58 530.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.60 Td (able ) Tj ET Q q 0 0 0 rg BT 69.16 518.60 Td (to ) Tj ET Q q 0 0 0 rg BT 79.43 518.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 106.93 518.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 144.96 518.60 Td (replacement ) Tj ET Q q 0 0 0 rg BT 196.32 518.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 229.92 518.60 Td (with ) Tj ET Q q 0 0 0 rg BT 250.20 518.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 294.89 518.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 319.60 518.60 Td (or ) Tj ET Q q 0 0 0 rg BT 330.43 518.60 Td (at ) Tj ET Q q 0 0 0 rg BT 340.15 518.60 Td (historic ) Tj ET Q q 0 0 0 rg BT 372.65 518.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 396.52 518.60 Td (if ) Tj ET Q q 0 0 0 rg BT 405.13 518.60 Td (at ) Tj ET Q q 0 0 0 rg BT 414.85 518.60 Td (all.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 494.60 Td (Government ) Tj ET Q q 0 0 0 rg BT 104.40 494.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 164.38 494.60 Td (may ) Tj ET Q q 0 0 0 rg BT 184.89 494.60 Td (require ) Tj ET Q q 0 0 0 rg BT 218.18 494.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.38 494.60 Td (management ) Tj ET Q q 0 0 0 rg BT 322.01 494.60 Td (time ) Tj ET Q q 0 0 0 rg BT 343.08 494.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.93 494.60 Td (attention, ) Tj ET Q q 0 0 0 rg BT 404.40 494.60 Td (result ) Tj ET Q q 0 0 0 rg BT 431.04 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 442.68 494.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 489.87 494.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 513.16 494.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 553.12 494.60 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 482.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 88.31 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.07 482.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 131.60 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.58 482.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 194.90 482.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 234.61 482.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.04 482.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 317.63 482.60 Td (results ) Tj ET Q q 0 0 0 rg BT 347.06 482.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.59 482.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 403.13 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.89 482.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.98 482.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 465.85 482.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.83 482.60 Td (suf) Tj ET Q q 0 0 0 rg BT 488.44 482.60 Td (fer) Tj ET Q q 0 0 0 rg BT 499.54 482.60 Td (. ) Tj ET Q q 0 0 0 rg BT 504.24 482.60 Td (The ) Tj ET Q q 0 0 0 rg BT 522.55 482.60 Td (Company ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 470.60 Td (could ) Tj ET Q q 0 0 0 rg BT 75.77 470.60 Td (face ) Tj ET Q q 0 0 0 rg BT 95.96 470.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 140.63 470.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 200.28 470.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 259.94 470.60 Td (with ) Tj ET Q q 0 0 0 rg BT 280.72 470.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 312.58 470.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.35 470.60 Td (these ) Tj ET Q q 0 0 0 rg BT 347.45 470.60 Td (matters, ) Tj ET Q q 0 0 0 rg BT 383.49 470.60 Td (could ) Tj ET Q q 0 0 0 rg BT 409.26 470.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 434.48 470.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 482.49 470.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 505.47 470.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.24 470.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 547.00 470.60 Td (any ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 458.60 Td (such ) Tj ET Q q 0 0 0 rg BT 70.99 458.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 129.20 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.30 458.60 Td (be ) Tj ET Q q 0 0 0 rg BT 157.27 458.60 Td (required ) Tj ET Q q 0 0 0 rg BT 193.81 458.60 Td (to ) Tj ET Q q 0 0 0 rg BT 203.12 458.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 219.09 458.60 Td (damages, ) Tj ET Q q 0 0 0 rg BT 259.24 458.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 280.77 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.87 458.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 338.57 458.60 Td (or ) Tj ET Q q 0 0 0 rg BT 349.00 458.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 372.77 458.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 415.98 458.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 454.17 458.60 Td (or ) Tj ET Q q 0 0 0 rg BT 464.60 458.60 Td (be ) Tj ET Q q 0 0 0 rg BT 475.57 458.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 506.00 458.60 Td (to ) Tj ET Q q 0 0 0 rg BT 515.31 458.60 Td (injunctions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 446.60 Td (as ) Tj ET Q q 0 0 0 rg BT 61.58 446.60 Td (a ) Tj ET Q q 0 0 0 rg BT 69.28 446.60 Td (result ) Tj ET Q q 0 0 0 rg BT 95.31 446.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.33 446.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.80 446.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 159.49 446.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.52 446.60 Td (such ) Tj ET Q q 0 0 0 rg BT 192.66 446.60 Td (investigations. ) Tj ET Q q 0 0 0 rg BT 254.53 446.60 Td (The ) Tj ET Q q 0 0 0 rg BT 273.33 446.60 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 326.02 446.60 Td (resolution ) Tj ET Q q 0 0 0 rg BT 370.40 446.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.42 446.60 Td (one ) Tj ET Q q 0 0 0 rg BT 399.11 446.60 Td (or ) Tj ET Q q 0 0 0 rg BT 410.70 446.60 Td (more ) Tj ET Q q 0 0 0 rg BT 434.50 446.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 467.75 446.60 Td (could ) Tj ET Q q 0 0 0 rg BT 493.22 446.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 534.23 446.60 Td (impact ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.28 434.60 Td (Company) Tj ET Q q 0 0 0 rg BT 104.36 434.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.66 410.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 135.77 410.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.22 410.60 Td (time ) Tj ET Q q 0 0 0 rg BT 166.11 410.60 Td (needed ) Tj ET Q q 0 0 0 rg BT 196.54 410.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.43 410.60 Td (resolve ) Tj ET Q q 0 0 0 rg BT 237.43 410.60 Td (any ) Tj ET Q q 0 0 0 rg BT 253.98 410.60 Td (such ) Tj ET Q q 0 0 0 rg BT 274.43 410.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 332.09 410.60 Td (is ) Tj ET Q q 0 0 0 rg BT 340.88 410.60 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 382.70 410.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.25 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.58 410.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.59 410.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 483.36 410.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 513.24 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 410.60 Td (outcome ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.60 Td (any ) Tj ET Q q 0 0 0 rg BT 66.27 398.60 Td (such ) Tj ET Q q 0 0 0 rg BT 86.44 398.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 143.82 398.60 Td (or ) Tj ET Q q 0 0 0 rg BT 153.98 398.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 188.02 398.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.08 398.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.80 398.60 Td (will ) Tj ET Q q 0 0 0 rg BT 260.19 398.60 Td (face ) Tj ET Q q 0 0 0 rg BT 278.66 398.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 320.49 398.60 Td (government ) Tj ET Q q 0 0 0 rg BT 370.09 398.60 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 429.97 398.60 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 466.80 398.60 Td (or ) Tj ET Q q 0 0 0 rg BT 476.96 398.60 Td (other ) Tj ET Q q 0 0 0 rg BT 499.34 398.60 Td (actions. ) Tj ET Q q 0 0 0 rg BT 532.00 398.60 Td (Subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.20 386.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.83 386.60 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 137.54 386.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.18 386.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.49 386.60 Td (is ) Tj ET Q q 0 0 0 rg BT 202.59 386.60 Td (obligated ) Tj ET Q q 0 0 0 rg BT 242.22 386.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.43 386.60 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 295.96 386.60 Td (current ) Tj ET Q q 0 0 0 rg BT 326.70 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.56 386.60 Td (former ) Tj ET Q q 0 0 0 rg BT 373.20 386.60 Td (directors, ) Tj ET Q q 0 0 0 rg BT 413.11 386.60 Td (of) Tj ET Q q 0 0 0 rg BT 421.26 386.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 445.89 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.75 386.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 507.94 386.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.15 386.60 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.60 Td (with ) Tj ET Q q 0 0 0 rg BT 71.10 374.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 107.21 374.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 165.51 374.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 224.39 374.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.15 374.60 Td (any ) Tj ET Q q 0 0 0 rg BT 259.92 374.60 Td (future ) Tj ET Q q 0 0 0 rg BT 287.12 374.60 Td (government ) Tj ET Q q 0 0 0 rg BT 338.21 374.60 Td (inquiries, ) Tj ET Q q 0 0 0 rg BT 379.03 374.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 437.91 374.60 Td (or ) Tj ET Q q 0 0 0 rg BT 449.56 374.60 Td (actions. ) Tj ET Q q 0 0 0 rg BT 483.71 374.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 507.04 374.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 539.79 374.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.60 Td (require ) Tj ET Q q 0 0 0 rg BT 81.23 362.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.36 362.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.16 362.60 Td (to ) Tj ET Q q 0 0 0 rg BT 148.85 362.60 Td (expend ) Tj ET Q q 0 0 0 rg BT 180.64 362.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.76 362.60 Td (management ) Tj ET Q q 0 0 0 rg BT 279.76 362.60 Td (time ) Tj ET Q q 0 0 0 rg BT 300.45 362.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.80 362.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 341.26 362.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 386.38 362.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 408.73 362.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.08 362.60 Td (other ) Tj ET Q q 0 0 0 rg BT 449.54 362.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 491.05 362.60 Td (result ) Tj ET Q q 0 0 0 rg BT 516.18 362.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.87 362.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 547.56 362.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 85.54 350.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 116.08 350.60 Td (seeking, ) Tj ET Q q 0 0 0 rg BT 151.34 350.60 Td (among ) Tj ET Q q 0 0 0 rg BT 180.78 350.60 Td (other ) Tj ET Q q 0 0 0 rg BT 203.54 350.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 232.71 350.60 Td (injunctions ) Tj ET Q q 0 0 0 rg BT 279.37 350.60 Td (against ) Tj ET Q q 0 0 0 rg BT 309.91 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.34 350.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.44 350.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.10 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.53 350.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 433.18 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.73 350.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 488.16 350.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 509.81 350.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.47 350.60 Td (penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.60 Td (by ) Tj ET Q q 0 0 0 rg BT 62.06 338.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.34 338.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.28 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.78 338.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 174.16 338.60 Td (af) Tj ET Q q 0 0 0 rg BT 181.74 338.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 198.79 338.60 Td (our ) Tj ET Q q 0 0 0 rg BT 214.18 338.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 241.79 338.60 Td (to ) Tj ET Q q 0 0 0 rg BT 251.63 338.60 Td (attract ) Tj ET Q q 0 0 0 rg BT 278.67 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.17 338.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 319.99 338.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 362.59 338.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.09 338.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 426.42 338.60 Td (which ) Tj ET Q q 0 0 0 rg BT 452.91 338.60 Td (could ) Tj ET Q q 0 0 0 rg BT 477.19 338.60 Td (have ) Tj ET Q q 0 0 0 rg BT 498.13 338.60 Td (a ) Tj ET Q q 0 0 0 rg BT 504.63 338.60 Td (material ) Tj ET Q q 0 0 0 rg BT 539.44 338.60 Td (ef) Tj ET Q q 0 0 0 rg BT 547.03 338.60 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.52 326.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.25 326.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 124.35 326.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.84 326.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 204.63 326.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 243.54 326.60 Td (results ) Tj ET Q q 0 0 0 rg BT 272.16 326.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.01 326.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 327.18 326.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.14 326.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.42 326.60 Td (flow) Tj ET Q q 0 0 0 rg BT 382.10 326.60 Td (. ) Tj ET Q q 0 0 0 rg BT 386.56 326.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 436.46 326.60 Td (, ) Tj ET Q q 0 0 0 rg BT 441.48 326.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 492.85 326.60 Td (rumors ) Tj ET Q q 0 0 0 rg BT 523.70 326.60 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.60 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 314.60 Td (such ) Tj ET Q q 0 0 0 rg BT 87.77 314.60 Td (investigations ) Tj ET Q q 0 0 0 rg BT 145.82 314.60 Td (could ) Tj ET Q q 0 0 0 rg BT 170.54 314.60 Td (af) Tj ET Q q 0 0 0 rg BT 178.13 314.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 195.61 314.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.33 314.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 241.15 314.60 Td (price ) Tj ET Q q 0 0 0 rg BT 263.64 314.60 Td (of ) Tj ET Q q 0 0 0 rg BT 274.47 314.60 Td (our ) Tj ET Q q 0 0 0 rg BT 290.30 314.60 Td (common ) Tj ET Q q 0 0 0 rg BT 327.79 314.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 353.90 314.60 Td (regardless ) Tj ET Q q 0 0 0 rg BT 396.94 314.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.77 314.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 442.48 314.60 Td (these ) Tj ET Q q 0 0 0 rg BT 465.52 314.60 Td (rumors ) Tj ET Q q 0 0 0 rg BT 496.35 314.60 Td (are ) Tj ET Q q 0 0 0 rg BT 511.06 314.60 Td (accurate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.60 Td (If ) Tj ET Q q 0 0 0 rg BT 95.25 290.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 152.82 290.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 197.62 290.60 Td (were ) Tj ET Q q 0 0 0 rg BT 219.64 290.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.01 290.60 Td (commence ) Tj ET Q q 0 0 0 rg BT 275.91 290.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 297.93 290.60 Td (action ) Tj ET Q q 0 0 0 rg BT 324.95 290.60 Td (related ) Tj ET Q q 0 0 0 rg BT 354.74 290.60 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 290.60 Td (any ) Tj ET Q q 0 0 0 rg BT 382.14 290.60 Td (such ) Tj ET Q q 0 0 0 rg BT 403.06 290.60 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 463.70 290.60 Td (then ) Tj ET Q q 0 0 0 rg BT 483.51 290.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.31 290.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 539.79 290.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.60 Td (be ) Tj ET Q q 0 0 0 rg BT 62.73 278.60 Td (required ) Tj ET Q q 0 0 0 rg BT 99.33 278.60 Td (to ) Tj ET Q q 0 0 0 rg BT 110.40 278.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 128.12 278.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 173.62 278.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 212.45 278.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.18 278.60 Td (could ) Tj ET Q q 0 0 0 rg BT 255.68 278.60 Td (become ) Tj ET Q q 0 0 0 rg BT 290.06 278.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 321.67 278.60 Td (to ) Tj ET Q q 0 0 0 rg BT 332.74 278.60 Td (injunctions, ) Tj ET Q q 0 0 0 rg BT 382.97 278.60 Td (a ) Tj ET Q q 0 0 0 rg BT 390.70 278.60 Td (cease ) Tj ET Q q 0 0 0 rg BT 415.63 278.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.36 278.60 Td (desist ) Tj ET Q q 0 0 0 rg BT 459.42 278.60 Td (order ) Tj ET Q q 0 0 0 rg BT 483.81 278.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.54 278.60 Td (other ) Tj ET Q q 0 0 0 rg BT 525.37 278.60 Td (equitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.60 Td (remedies. ) Tj ET Q q 0 0 0 rg BT 90.91 266.60 Td (The ) Tj ET Q q 0 0 0 rg BT 108.96 266.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.35 266.60 Td (can ) Tj ET Q q 0 0 0 rg BT 166.72 266.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 199.77 266.60 Td (no ) Tj ET Q q 0 0 0 rg BT 212.27 266.60 Td (assurances ) Tj ET Q q 0 0 0 rg BT 257.53 266.60 Td (as ) Tj ET Q q 0 0 0 rg BT 268.36 266.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.64 266.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.35 266.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 330.29 266.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.12 266.60 Td (any ) Tj ET Q q 0 0 0 rg BT 358.06 266.60 Td (such ) Tj ET Q q 0 0 0 rg BT 378.89 266.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 436.37 266.60 Td (investigation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 230.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 85.15 230.60 Td (T) Tj ET Q q 0 0 0 rg BT 90.88 230.60 Td (rade ) Tj ET Q q 0 0 0 rg BT 112.14 230.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 166.20 230.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 187.47 230.60 Td (and ) Tj ET Q q 0 0 0 rg BT 205.96 230.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 255.57 230.60 Td (that ) Tj ET Q q 0 0 0 rg BT 274.62 230.60 Td (govern ) Tj ET Q q 0 0 0 rg BT 305.88 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.59 230.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 365.64 230.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 402.47 230.60 Td (could ) Tj ET Q q 0 0 0 rg BT 428.18 230.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 458.88 230.60 Td (us ) Tj ET Q q 0 0 0 rg BT 471.26 230.60 Td (or ) Tj ET Q q 0 0 0 rg BT 483.08 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.79 230.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 530.89 230.60 Td (brokers ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 218.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 218.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 102.78 218.60 Td (with ) Tj ET Q q 0 0 0 rg BT 123.07 218.60 Td (whom ) Tj ET Q q 0 0 0 rg BT 150.58 218.60 Td (we ) Tj ET Q q 0 0 0 rg BT 164.19 218.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 199.47 218.60 Td (business ) Tj ET Q q 0 0 0 rg BT 236.98 218.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.82 218.60 Td (our ) Tj ET Q q 0 0 0 rg BT 264.78 218.60 Td (online ) Tj ET Q q 0 0 0 rg BT 293.39 218.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 346.44 218.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.71 218.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 379.21 218.60 Td (penalties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 194.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 194.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.61 194.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 136.36 194.60 Td (functions ) Tj ET Q q 0 0 0 rg BT 176.11 194.60 Td (for ) Tj ET Q q 0 0 0 rg BT 190.31 194.60 Td (licensed ) Tj ET Q q 0 0 0 rg BT 225.61 194.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 266.46 194.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 297.04 194.60 Td (brokers ) Tj ET Q q 0 0 0 rg BT 329.57 194.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.54 194.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 379.06 194.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.03 194.60 Td (need ) Tj ET Q q 0 0 0 rg BT 417.45 194.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.76 194.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 460.29 194.60 Td (with ) Tj ET Q q 0 0 0 rg BT 480.61 194.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 517.58 194.60 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.60 Td (that ) Tj ET Q q 0 0 0 rg BT 67.47 182.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 87.71 182.60 Td (from ) Tj ET Q q 0 0 0 rg BT 109.63 182.60 Td (state ) Tj ET Q q 0 0 0 rg BT 130.43 182.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.68 182.60 Td (state ) Tj ET Q q 0 0 0 rg BT 161.48 182.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.40 182.60 Td (nation ) Tj ET Q q 0 0 0 rg BT 205.87 182.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.12 182.60 Td (nation. ) Tj ET Q q 0 0 0 rg BT 245.92 182.60 Td (These ) Tj ET Q q 0 0 0 rg BT 272.27 182.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 319.18 182.60 Td (can ) Tj ET Q q 0 0 0 rg BT 335.53 182.60 Td (be ) Tj ET Q q 0 0 0 rg BT 347.44 182.60 Td (dif) Tj ET Q q 0 0 0 rg BT 358.37 182.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 381.95 182.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.20 182.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 424.67 182.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 447.43 182.60 Td (and ) Tj ET Q q 0 0 0 rg BT 464.34 182.60 Td (open ) Tj ET Q q 0 0 0 rg BT 486.26 182.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.51 182.60 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 555.35 182.60 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.60 Td (we ) Tj ET Q q 0 0 0 rg BT 64.42 170.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 80.50 170.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.04 170.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 127.68 170.60 Td (interpret ) Tj ET Q q 0 0 0 rg BT 164.31 170.60 Td (or ) Tj ET Q q 0 0 0 rg BT 175.40 170.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 208.15 170.60 Td (with ) Tj ET Q q 0 0 0 rg BT 228.69 170.60 Td (these ) Tj ET Q q 0 0 0 rg BT 251.99 170.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 301.68 170.60 Td (we, ) Tj ET Q q 0 0 0 rg BT 318.60 170.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.58 170.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 374.65 170.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 405.46 170.60 Td (brokers ) Tj ET Q q 0 0 0 rg BT 438.21 170.60 Td (or ) Tj ET Q q 0 0 0 rg BT 449.30 170.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 482.03 170.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 507.57 170.60 Td (business ) Tj ET Q q 0 0 0 rg BT 544.22 170.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 63.54 158.60 Td (our ) Tj ET Q q 0 0 0 rg BT 79.02 158.60 Td (of) Tj ET Q q 0 0 0 rg BT 87.17 158.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 114.03 158.60 Td (or ) Tj ET Q q 0 0 0 rg BT 124.51 158.60 Td (agents ) Tj ET Q q 0 0 0 rg BT 152.21 158.60 Td (with ) Tj ET Q q 0 0 0 rg BT 172.14 158.60 Td (whom ) Tj ET Q q 0 0 0 rg BT 199.29 158.60 Td (we ) Tj ET Q q 0 0 0 rg BT 213.10 158.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 247.45 158.60 Td (could ) Tj ET Q q 0 0 0 rg BT 271.82 158.60 Td (be ) Tj ET Q q 0 0 0 rg BT 283.41 158.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 313.89 158.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.82 158.60 Td (various ) Tj ET Q q 0 0 0 rg BT 355.41 158.60 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 397.27 158.60 Td (including ) Tj ET Q q 0 0 0 rg BT 437.20 158.60 Td (censure, ) Tj ET Q q 0 0 0 rg BT 472.39 158.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 496.47 158.60 Td (cease-and-desist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.60 Td (orders, ) Tj ET Q q 0 0 0 rg BT 79.76 146.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 97.60 146.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.20 146.60 Td (license ) Tj ET Q q 0 0 0 rg BT 138.23 146.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.84 146.60 Td (other ) Tj ET Q q 0 0 0 rg BT 171.65 146.60 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 211.80 146.60 Td (This ) Tj ET Q q 0 0 0 rg BT 231.85 146.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 251.63 146.60 Td (as ) Tj ET Q q 0 0 0 rg BT 262.23 146.60 Td (well ) Tj ET Q q 0 0 0 rg BT 281.72 146.60 Td (as ) Tj ET Q q 0 0 0 rg BT 292.32 146.60 Td (other ) Tj ET Q q 0 0 0 rg BT 315.14 146.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 335.74 146.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.45 146.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 399.16 146.60 Td (af) Tj ET Q q 0 0 0 rg BT 406.74 146.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 436.78 146.60 Td (our ) Tj ET Q q 0 0 0 rg BT 452.38 146.60 Td (business ) Tj ET Q q 0 0 0 rg BT 488.54 146.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.26 146.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.73 146.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 146.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.40 134.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 123.14 134.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.78 134.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.30 134.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 197.58 134.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.22 134.60 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 262.40 134.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.04 134.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 305.01 134.60 Td (law) Tj ET Q q 0 0 0 rg BT 318.80 134.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.61 134.60 Td (could ) Tj ET Q q 0 0 0 rg BT 346.13 134.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 375.21 134.60 Td (us ) Tj ET Q q 0 0 0 rg BT 385.41 134.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.50 134.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 435.80 134.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 459.60 134.60 Td (including ) Tj ET Q q 0 0 0 rg BT 498.69 134.60 Td (indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.90 122.60 Td (participating ) Tj ET Q q 0 0 0 rg BT 114.01 122.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 154.90 122.60 Td (agents, ) Tj ET Q q 0 0 0 rg BT 185.52 122.60 Td (brokers ) Tj ET Q q 0 0 0 rg BT 218.09 122.60 Td (or ) Tj ET Q q 0 0 0 rg BT 228.99 122.60 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 264.04 122.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.05 122.60 Td (could ) Tj ET Q q 0 0 0 rg BT 305.84 122.60 Td (require ) Tj ET Q q 0 0 0 rg BT 336.73 122.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 371.51 122.60 Td (to ) Tj ET Q q 0 0 0 rg BT 381.86 122.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.76 122.60 Td (business ) Tj ET Q q 0 0 0 rg BT 434.23 122.60 Td (or ) Tj ET Q q 0 0 0 rg BT 445.13 122.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 486.58 122.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 509.70 122.60 Td (our ) Tj ET Q q 0 0 0 rg BT 525.61 122.60 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 104.28 110.60 Td (because ) Tj ET Q q 0 0 0 rg BT 137.72 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.73 110.60 Td (application ) Tj ET Q q 0 0 0 rg BT 197.95 110.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.08 110.60 Td (online ) Tj ET Q q 0 0 0 rg BT 234.87 110.60 Td (commerce ) Tj ET Q q 0 0 0 rg BT 278.30 110.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.88 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 301.89 110.60 Td (consumer ) Tj ET Q q 0 0 0 rg BT 342.56 110.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 382.67 110.60 Td (market ) Tj ET Q q 0 0 0 rg BT 412.23 110.60 Td (is ) Tj ET Q q 0 0 0 rg BT 420.69 110.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 460.24 110.60 Td (new) Tj ET Q q 0 0 0 rg BT 476.25 110.60 Td (, ) Tj ET Q q 0 0 0 rg BT 480.55 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.56 110.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 523.57 110.60 Td (of ) Tj ET Q q 0 0 0 rg BT 533.69 110.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.60 Td (or ) Tj ET Q q 0 0 0 rg BT 61.40 98.60 Td (future ) Tj ET Q q 0 0 0 rg BT 88.34 98.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 135.84 98.60 Td (on ) Tj ET Q q 0 0 0 rg BT 148.91 98.60 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 98.60 Td (business ) Tj ET Q q 0 0 0 rg BT 202.26 98.60 Td (is ) Tj ET Q q 0 0 0 rg BT 212.00 98.60 Td (dif) Tj ET Q q 0 0 0 rg BT 222.92 98.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 247.09 98.60 Td (to ) Tj ET Q q 0 0 0 rg BT 257.94 98.60 Td (anticipate. ) Tj ET Q q 0 0 0 rg BT 302.15 98.60 Td (T) Tj ET Q q 0 0 0 rg BT 307.56 98.60 Td (o ) Tj ET Q q 0 0 0 rg BT 315.63 98.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.91 98.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 358.41 98.60 Td (that ) Tj ET Q q 0 0 0 rg BT 376.47 98.60 Td (there ) Tj ET Q q 0 0 0 rg BT 399.52 98.60 Td (are ) Tj ET Q q 0 0 0 rg BT 414.80 98.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 450.07 98.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.92 98.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 508.42 98.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 549.80 98.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 82.49 86.60 Td (in ) Tj ET Q q 0 0 0 rg BT 92.76 86.60 Td (which ) Tj ET Q q 0 0 0 rg BT 119.70 86.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 160.52 86.60 Td (is ) Tj ET Q q 0 0 0 rg BT 169.69 86.60 Td (sold, ) Tj ET Q q 0 0 0 rg BT 191.36 86.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.19 86.60 Td (business ) Tj ET Q q 0 0 0 rg BT 243.58 86.60 Td (could ) Tj ET Q q 0 0 0 rg BT 268.30 86.60 Td (be ) Tj ET Q q 0 0 0 rg BT 280.23 86.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 321.05 86.60 Td (af) Tj ET Q q 0 0 0 rg BT 328.64 86.60 Td (fected.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.72 742.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 130.00 742.25 Td (under ) Tj ET Q q 0 0 0 rg BT 156.95 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.23 742.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 208.07 742.25 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 243.36 742.25 Td (Practices ) Tj ET Q q 0 0 0 rg BT 283.26 742.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 299.64 742.25 Td (could ) Tj ET Q q 0 0 0 rg BT 324.92 742.25 Td (have ) Tj ET Q q 0 0 0 rg BT 346.86 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.36 742.25 Td (material ) Tj ET Q q 0 0 0 rg BT 391.30 742.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.90 742.25 Td (ef) Tj ET Q q 0 0 0 rg BT 432.49 742.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.98 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 463.04 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.99 742.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.17 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 117.48 718.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 148.90 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.78 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.09 718.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 209.29 718.25 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 243.50 718.25 Td (Practice ) Tj ET Q q 0 0 0 rg BT 278.12 718.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 298.15 718.25 Td (or ) Tj ET Q q 0 0 0 rg BT 309.58 718.25 Td (FCP) Tj ET Q q 0 0 0 rg BT 326.45 718.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 339.27 718.25 Td (which ) Tj ET Q q 0 0 0 rg BT 366.81 718.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 405.46 718.25 Td (people ) Tj ET Q q 0 0 0 rg BT 435.21 718.25 Td (or ) Tj ET Q q 0 0 0 rg BT 446.64 718.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 492.50 718.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 523.93 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.80 718.25 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10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td (against ) Tj ET Q q 0 0 0 rg BT 80.69 333.05 Td (that ) Tj ET Q q 0 0 0 rg BT 98.05 333.05 Td (company) Tj ET Q q 0 0 0 rg BT 134.06 333.05 Td (. ) Tj ET Q q 0 0 0 rg BT 138.41 333.05 Td (Any ) Tj ET Q q 0 0 0 rg BT 157.99 333.05 Td (securities ) Tj ET Q q 0 0 0 rg BT 198.13 333.05 Td (litigation ) Tj ET Q q 0 0 0 rg BT 236.60 333.05 Td (would ) Tj ET Q q 0 0 0 rg BT 263.97 333.05 Td (involve ) Tj ET Q q 0 0 0 rg BT 296.33 333.05 Td (substantial ) Tj ET Q q 0 0 0 rg BT 341.47 333.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 363.84 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 380.64 333.05 Td (our ) Tj ET Q q 0 0 0 rg BT 396.34 333.05 Td (management's ) Tj ET Q q 0 0 0 rg BT 455.49 333.05 Td (attention ) Tj ET Q q 0 0 0 rg BT 492.85 333.05 Td (could ) Tj ET Q q 0 0 0 rg BT 517.43 333.05 Td (be ) Tj ET Q q 0 0 0 rg BT 529.24 333.05 Td (diverted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 321.05 Td (our ) Tj ET Q q 0 0 0 rg BT 87.77 321.05 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 92.50 297.05 Td (and ) Tj ET Q q 0 0 0 rg BT 110.56 297.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 142.52 297.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 184.47 297.05 Td (results ) Tj ET Q q 0 0 0 rg BT 214.20 297.05 Td (may ) Tj ET Q q 0 0 0 rg BT 233.92 297.05 Td (fluctuate, ) Tj ET Q q 0 0 0 rg BT 275.59 297.05 Td (which ) Tj ET Q q 0 0 0 rg BT 303.10 297.05 Td (could ) Tj ET Q q 0 0 0 rg BT 328.37 297.05 Td (cause ) Tj ET Q q 0 0 0 rg BT 354.20 297.05 Td (our ) Tj ET Q q 0 0 0 rg BT 371.16 297.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.77 297.05 Td (price ) Tj ET Q q 0 0 0 rg BT 417.81 297.05 Td (to ) Tj ET Q q 0 0 0 rg BT 428.09 297.05 Td (be ) Tj ET Q q 0 0 0 rg BT 440.03 297.05 Td (volatile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 273.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.10 273.05 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 142.74 273.05 Td (and ) Tj ET Q q 0 0 0 rg BT 159.73 273.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 188.93 273.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 229.24 273.05 Td (results ) Tj ET Q q 0 0 0 rg BT 257.90 273.05 Td (may ) Tj ET Q q 0 0 0 rg BT 277.66 273.05 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 315.19 273.05 Td (significantly ) Tj ET Q q 0 0 0 rg BT 367.73 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 378.06 273.05 Td (the ) Tj ET Q q 0 0 0 rg BT 392.82 273.05 Td (future ) Tj ET Q q 0 0 0 rg BT 419.25 273.05 Td (due ) Tj ET Q q 0 0 0 rg BT 436.23 273.05 Td (to ) Tj ET Q q 0 0 0 rg BT 446.56 273.05 Td (a ) Tj ET Q q 0 0 0 rg BT 453.54 273.05 Td (variety ) Tj ET Q q 0 0 0 rg BT 483.86 273.05 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 273.05 Td (factors ) Tj ET Q q 0 0 0 rg BT 524.49 273.05 Td (related ) Tj ET Q q 0 0 0 rg BT 554.24 273.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (our ) Tj ET Q q 0 0 0 rg BT 65.50 261.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 103.22 261.05 Td (or ) Tj ET Q q 0 0 0 rg BT 113.72 261.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 153.66 261.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 191.93 261.05 Td (in ) Tj ET Q q 0 0 0 rg BT 201.88 261.05 Td (any ) Tj ET Q q 0 0 0 rg BT 218.50 261.05 Td (particular ) Tj ET Q q 0 0 0 rg BT 258.98 261.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 289.20 261.05 Td (Results ) Tj ET Q q 0 0 0 rg BT 320.83 261.05 Td (of ) Tj ET Q q 0 0 0 rg BT 331.33 261.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 375.16 261.05 Td (during ) Tj ET Q q 0 0 0 rg BT 403.44 261.05 Td (any ) Tj ET Q q 0 0 0 rg BT 420.05 261.05 Td (particular ) Tj ET Q q 0 0 0 rg BT 460.54 261.05 Td (period ) Tj ET Q q 0 0 0 rg BT 488.26 261.05 Td (are ) Tj ET Q q 0 0 0 rg BT 502.64 261.05 Td (not ) Tj ET Q q 0 0 0 rg BT 517.59 261.05 Td (necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (an ) Tj ET Q q 0 0 0 rg BT 62.08 249.05 Td (indication ) Tj ET Q q 0 0 0 rg BT 104.72 249.05 Td (of ) Tj ET Q q 0 0 0 rg BT 115.69 249.05 Td (our ) Tj ET Q q 0 0 0 rg BT 131.67 249.05 Td (results ) Tj ET Q q 0 0 0 rg BT 160.42 249.05 Td (for ) Tj ET Q q 0 0 0 rg BT 174.72 249.05 Td (any ) Tj ET Q q 0 0 0 rg BT 191.80 249.05 Td (other ) Tj ET Q q 0 0 0 rg BT 215.00 249.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 245.69 249.05 Td (Factors ) Tj ET Q q 0 0 0 rg BT 277.77 249.05 Td (that ) Tj ET Q q 0 0 0 rg BT 295.41 249.05 Td (may ) Tj ET Q q 0 0 0 rg BT 315.27 249.05 Td (adversely ) Tj ET Q q 0 0 0 rg BT 356.23 249.05 Td (af) Tj ET Q q 0 0 0 rg BT 363.82 249.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 381.45 249.05 Td (our ) Tj ET Q q 0 0 0 rg BT 397.42 249.05 Td (periodic ) Tj ET Q q 0 0 0 rg BT 432.83 249.05 Td (results ) Tj ET Q q 0 0 0 rg BT 461.58 249.05 Td (may ) Tj ET Q q 0 0 0 rg BT 481.44 249.05 Td (include ) Tj ET Q q 0 0 0 rg BT 513.52 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 528.38 249.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 546.58 249.05 Td (of ) Tj ET Q q 0 0 0 rg BT 557.56 249.05 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.29 237.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 136.69 237.05 Td (agent, ) Tj ET Q q 0 0 0 rg BT 163.92 237.05 Td (carrier ) Tj ET Q q 0 0 0 rg BT 193.09 237.05 Td (or ) Tj ET Q q 0 0 0 rg BT 204.50 237.05 Td (broker ) Tj ET Q q 0 0 0 rg BT 233.68 237.05 Td (relationship ) Tj ET Q q 0 0 0 rg BT 283.97 237.05 Td (or ) Tj ET Q q 0 0 0 rg BT 295.38 237.05 Td (the ) Tj ET Q q 0 0 0 rg BT 310.67 237.05 Td (mer) Tj ET Q q 0 0 0 rg BT 326.04 237.05 Td (ger ) Tj ET Q q 0 0 0 rg BT 341.89 237.05 Td (of ) Tj ET Q q 0 0 0 rg BT 353.30 237.05 Td (any ) Tj ET Q q 0 0 0 rg BT 370.82 237.05 Td (of ) Tj ET Q q 0 0 0 rg BT 382.23 237.05 Td (our ) Tj ET Q q 0 0 0 rg BT 398.64 237.05 Td (participating ) Tj ET Q q 0 0 0 rg BT 452.26 237.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 493.65 237.05 Td (carriers ) Tj ET Q q 0 0 0 rg BT 526.71 237.05 Td (with ) Tj ET Q q 0 0 0 rg BT 547.57 237.05 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (another) Tj ET Q q 0 0 0 rg BT 79.43 225.05 Td (. ) Tj ET Q q 0 0 0 rg BT 84.67 225.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 102.96 225.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 143.46 225.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 182.29 225.05 Td (are ) Tj ET Q q 0 0 0 rg BT 197.24 225.05 Td (based ) Tj ET Q q 0 0 0 rg BT 222.74 225.05 Td (in ) Tj ET Q q 0 0 0 rg BT 233.26 225.05 Td (part ) Tj ET Q q 0 0 0 rg BT 251.54 225.05 Td (on ) Tj ET Q q 0 0 0 rg BT 264.28 225.05 Td (our ) Tj ET Q q 0 0 0 rg BT 280.35 225.05 Td (expectations ) Tj ET Q q 0 0 0 rg BT 333.06 225.05 Td (of ) Tj ET Q q 0 0 0 rg BT 344.13 225.05 Td (our ) Tj ET Q q 0 0 0 rg BT 360.20 225.05 Td (future ) Tj ET Q q 0 0 0 rg BT 386.81 225.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 425.09 225.05 Td (and ) Tj ET Q q 0 0 0 rg BT 442.26 225.05 Td (are ) Tj ET Q q 0 0 0 rg BT 457.20 225.05 Td (partially 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(revenue ) Tj ET Q q 0 0 0 rg BT 423.72 213.05 Td (shortfall.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (1B. UNRESOL) Tj ET Q q 0 0 0 rg BT 114.10 165.05 Td (VED ST) Tj ET Q q 0 0 0 rg BT 149.20 165.05 Td (AFF) Tj ET Q q 0 0 0 rg BT 168.27 165.05 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 143.05 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.05 Td (Item 2. PROPER) Tj ET Q q 0 0 0 rg BT 123.25 71.05 Td (TIES) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.43 742.10 Td (Company) Tj ET Q q 0 0 0 rg BT 145.10 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 150.87 742.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 190.51 742.10 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 245.98 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 285.63 742.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 338.07 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 349.95 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.16 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.38 742.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 415.01 742.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 474.67 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.99 742.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 522.30 742.10 Td (functions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.20 730.10 Td (located ) Tj ET Q q 0 0 0 rg BT 90.60 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.91 730.10 Td (Johns ) Tj ET Q q 0 0 0 rg BT 126.22 730.10 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 155.13 730.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 174.94 730.10 Td (gia ) Tj ET Q q 0 0 0 rg BT 189.68 730.10 Td (where ) Tj ET Q q 0 0 0 rg BT 216.64 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 230.83 730.10 Td (own ) Tj ET Q q 0 0 0 rg BT 250.58 730.10 Td (101,991 ) Tj ET Q q 0 0 0 rg BT 285.61 730.10 Td (square ) Tj ET Q q 0 0 0 rg BT 314.24 730.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 331.75 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.61 730.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 392.34 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 400.49 730.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 418.00 730.10 Td (space. ) Tj ET Q q 0 0 0 rg BT 445.24 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 456.10 730.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 491.40 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.15 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.56 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.35 718.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 112.47 718.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 135.36 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 143.51 718.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 161.40 718.10 Td (space ) Tj ET Q q 0 0 0 rg BT 186.51 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.75 718.10 Td (6,500 ) Tj ET Q q 0 0 0 rg BT 223.15 718.10 Td (square ) Tj ET Q q 0 0 0 rg BT 252.16 718.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 270.04 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.73 718.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 299.19 718.10 Td (Lake ) Tj ET Q q 0 0 0 rg BT 322.08 718.10 Td (City) Tj ET Q q 0 0 0 rg BT 338.66 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.06 718.10 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 368.90 718.10 Td (10,765 ) Tj ET Q q 0 0 0 rg BT 399.31 718.10 Td (square ) Tj ET Q q 0 0 0 rg BT 428.31 718.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 446.20 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.88 718.10 Td (Hemet, ) Tj ET Q q 0 0 0 rg BT 488.94 718.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 534.89 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 539.52 718.10 Td (1,500 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (square ) Tj ET Q q 0 0 0 rg BT 78.91 706.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 96.71 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.31 706.10 Td (Pittsbur) Tj ET Q q 0 0 0 rg BT 138.24 706.10 Td (gh, ) Tj ET Q q 0 0 0 rg BT 153.56 706.10 Td (Pennsylvania, ) Tj ET Q q 0 0 0 rg BT 212.20 706.10 Td (2,826 ) Tj ET Q q 0 0 0 rg BT 240.01 706.10 Td (square ) Tj ET Q q 0 0 0 rg BT 268.93 706.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 286.73 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.32 706.10 Td (Miami, ) Tj ET Q q 0 0 0 rg BT 329.30 706.10 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 363.50 706.10 Td (16,472 ) Tj ET Q q 0 0 0 rg BT 393.82 706.10 Td (square ) Tj ET Q q 0 0 0 rg BT 422.73 706.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 440.53 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.13 706.10 Td (Pasadena, ) Tj ET Q q 0 0 0 rg BT 493.65 706.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 539.50 706.10 Td (4,319 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (square ) Tj ET Q q 0 0 0 rg BT 77.98 694.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 94.85 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.52 694.10 Td (Grove ) Tj ET Q q 0 0 0 rg BT 131.39 694.10 Td (City) Tj ET Q q 0 0 0 rg BT 147.97 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.35 694.10 Td (Ohio, ) Tj ET Q q 0 0 0 rg BT 176.74 694.10 Td (1,980 ) Tj ET Q q 0 0 0 rg BT 201.12 694.10 Td (square ) Tj ET Q q 0 0 0 rg BT 229.11 694.10 Td 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (Item 3. 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0 0 0 rg BT 432.32 388.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 448.68 388.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 493.91 388.10 Td (with ) Tj ET Q q 0 0 0 rg BT 515.28 388.10 Td (af) Tj ET Q q 0 0 0 rg BT 522.87 388.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 553.67 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 89.32 376.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 114.76 376.10 Td (& ) Tj ET Q q 0 0 0 rg BT 124.64 376.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 143.42 376.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 172.18 376.10 Td (putative ) Tj ET Q q 0 0 0 rg BT 206.50 376.10 Td (class ) Tj ET Q q 0 0 0 rg BT 228.04 376.10 Td (action ) Tj ET Q q 0 0 0 rg BT 254.58 376.10 Td (complaints ) Tj ET Q q 0 0 0 rg BT 300.57 376.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 349.33 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.65 376.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 402.42 376.10 Td (mer) Tj ET Q q 0 0 0 rg BT 417.78 376.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 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352.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 426.06 352.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 450.98 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.46 352.10 Td (Chancery) Tj ET Q q 0 0 0 rg BT 499.12 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 503.76 352.10 Td (now ) Tj ET Q q 0 0 0 rg BT 523.13 352.10 Td (captioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.37 340.10 Td (re ) Tj ET Q q 0 0 0 rg BT 70.17 340.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 93.59 340.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 110.90 340.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 161.26 340.10 Td (Litigation, ) Tj ET Q q 0 0 0 rg BT 205.23 340.10 Td (CA) Tj ET Q q 0 0 0 rg BT 218.57 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.61 340.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 237.37 340.10 Td (8526-VCS. ) Tj ET Q q 0 0 0 rg BT 284.69 340.10 Td (On ) Tj ET Q q 0 0 0 rg BT 298.95 340.10 Td (June ) Tj ET Q q 0 0 0 rg BT 319.31 340.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 333.85 340.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 358.38 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.64 340.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.56 340.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 458.91 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.94 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.20 340.10 Td (mer) Tj ET Q q 0 0 0 rg BT 505.56 340.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 520.37 340.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.29 328.10 Td (been ) Tj ET Q q 0 0 0 rg BT 87.01 328.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 131.62 328.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 167.90 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.53 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.68 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.09 328.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 234.26 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.54 328.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 294.75 328.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 341.02 328.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 364.52 328.10 Td (June ) Tj ET Q q 0 0 0 rg BT 384.70 328.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 399.05 328.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 422.99 328.10 Td (After ) Tj ET Q q 0 0 0 rg BT 445.93 328.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 493.32 328.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 522.38 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.01 328.10 Td (dismiss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.16 316.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.64 316.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 168.51 316.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 191.43 316.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 220.69 316.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 230.86 316.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 269.89 316.10 Td (their ) Tj ET Q q 0 0 0 rg BT 291.16 316.10 Td (operative ) Tj ET Q q 0 0 0 rg BT 331.30 316.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 374.23 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.95 316.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 406.22 316.10 Td (their ) Tj ET Q q 0 0 0 rg BT 427.49 316.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 456.53 316.10 Td (against ) Tj ET Q q 0 0 0 rg BT 487.80 316.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 527.96 316.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 554.23 316.10 Td (& ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 65.49 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 81.25 304.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 104.24 304.10 Td (their ) Tj ET Q q 0 0 0 rg BT 123.89 304.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 168.53 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.85 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.32 304.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 238.31 304.10 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 264.90 304.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 310.65 304.10 Td (\(ABA\) ) Tj ET Q q 0 0 0 rg BT 348.63 304.10 Td (between ) Tj ET Q q 0 0 0 rg BT 383.26 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.80 304.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.01 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.78 304.10 Td (Robin ) Tj ET Q q 0 0 0 rg BT 478.55 304.10 Td (Raina. ) Tj ET Q q 0 0 0 rg BT 505.70 304.10 Td (On ) Tj ET Q q 0 0 0 rg BT 519.24 304.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 64.07 292.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 88.14 292.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 135.24 292.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 164.03 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.38 292.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 204.96 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.39 292.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 258.84 292.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 313.18 292.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 359.47 292.10 Td (On ) Tj ET Q q 0 0 0 rg BT 373.26 292.10 Td (July ) Tj ET Q q 0 0 0 rg BT 391.50 292.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 405.57 292.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 429.64 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.43 292.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 467.77 292.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 494.34 292.10 Td (its ) Tj ET Q q 0 0 0 rg BT 505.36 292.10 Td (Memorandum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 84.90 280.10 Td (that ) Tj ET Q q 0 0 0 rg BT 102.02 280.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 134.13 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.03 280.10 Td (lar) Tj ET Q q 0 0 0 rg BT 154.40 280.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 165.96 280.10 Td (part ) Tj ET Q q 0 0 0 rg BT 183.63 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.97 280.10 Td (Company) Tj ET Q q 0 0 0 rg BT 239.63 280.10 Td (s ) Tj ET Q q 0 0 0 rg BT 245.65 280.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 277.22 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.12 280.10 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 321.47 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.04 280.10 Td (narrowed ) Tj ET Q q 0 0 0 rg BT 377.92 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.26 280.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 434.92 280.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 465.65 280.10 Td (On ) Tj ET Q q 0 0 0 rg BT 479.99 280.10 Td (September ) Tj ET Q q 0 0 0 rg BT 524.88 280.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 539.50 280.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 268.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 89.52 268.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 121.21 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 132.91 268.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 158.49 268.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 216.30 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 228.02 268.10 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 286.93 268.10 Td (Opinion. ) Tj ET Q q 0 0 0 rg BT 324.48 268.10 Td (On ) Tj ET Q q 0 0 0 rg BT 338.96 268.10 Td (January ) Tj ET Q q 0 0 0 rg BT 372.32 268.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 387.08 268.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 411.85 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.33 268.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 451.37 268.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 483.06 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 494.76 268.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 520.34 268.10 Td (permitting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 256.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 88.97 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.24 256.10 Td (file ) Tj ET Q q 0 0 0 rg BT 115.05 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.97 256.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 153.35 256.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 194.71 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.64 256.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 271.34 256.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 318.55 256.10 Td (On ) Tj ET Q q 0 0 0 rg BT 333.25 256.10 Td (February ) Tj ET Q q 0 0 0 rg BT 371.84 256.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 386.83 256.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 411.81 256.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 459.84 256.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 480.65 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.58 256.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 519.51 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.78 256.10 Td (Dismiss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.48 244.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 93.90 244.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 134.03 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.73 244.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 208.20 244.10 Td (Complaint, ) Tj ET Q q 0 0 0 rg BT 254.19 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 279.88 244.10 Td (was ) Tj ET Q q 0 0 0 rg BT 296.69 244.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 327.94 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.98 244.10 Td (part ) Tj ET Q q 0 0 0 rg BT 353.78 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.48 244.10 Td (denied ) Tj ET Q q 0 0 0 rg BT 397.40 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.44 244.10 Td (part ) Tj ET Q q 0 0 0 rg BT 423.24 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.28 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.98 244.10 Td (January ) Tj ET Q q 0 0 0 rg BT 470.34 244.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 484.10 244.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 505.36 244.10 Td (Memorandum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 85.12 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.90 232.10 Td (Order) Tj ET Q q 0 0 0 rg BT 124.67 232.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.51 232.10 Td (On ) Tj ET Q q 0 0 0 rg BT 144.07 232.10 Td (October ) Tj ET Q q 0 0 0 rg BT 178.62 232.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 193.46 232.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 218.30 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.85 232.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 257.97 232.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 289.74 232.10 Td (an ) Tj ET Q q 0 0 0 rg BT 301.52 232.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 327.18 232.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 371.18 232.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 393.50 232.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 422.76 232.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 432.33 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.45 232.10 Td (file ) Tj ET Q q 0 0 0 rg BT 458.11 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.72 232.10 Td (V) Tj ET Q q 0 0 0 rg BT 470.83 232.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 499.10 232.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 523.14 232.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 220.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 126.15 220.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 149.57 220.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 179.04 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.72 220.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 240.17 220.10 Td (Complaint, ) Tj ET Q q 0 0 0 rg BT 287.14 220.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.83 220.10 Td (made ) Tj ET Q q 0 0 0 rg BT 337.73 220.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 379.97 220.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 408.32 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.01 220.10 Td (added ) Tj ET Q q 0 0 0 rg BT 451.14 220.10 Td (two ) Tj ET Q q 0 0 0 rg BT 468.39 220.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 505.62 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.20 220.10 Td (defendants. ) Tj ET Q q 0 0 0 rg BT 564.51 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.68 208.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.79 208.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 102.02 208.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 126.03 208.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 167.21 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.95 208.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 243.46 208.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 266.93 208.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 296.45 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.19 208.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 357.69 208.10 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 402.21 208.10 Td (was ) Tj ET Q q 0 0 0 rg BT 420.06 208.10 Td (then ) Tj ET Q q 0 0 0 rg BT 439.58 208.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 460.21 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.51 208.10 Td (October ) Tj ET Q q 0 0 0 rg BT 507.02 208.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 521.82 208.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 546.45 208.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 78.46 196.10 Td (are ) Tj ET Q q 0 0 0 rg BT 93.03 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.71 196.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 138.85 196.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 150.64 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.44 196.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 198.67 196.10 Td (class ) Tj ET Q q 0 0 0 rg BT 220.47 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.27 196.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 279.60 196.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 304.17 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.19 196.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 347.19 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.88 196.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 396.33 196.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 416.47 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.49 196.10 Td (improperly ) Tj ET Q q 0 0 0 rg BT 477.28 196.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 527.40 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 196.10 Td (ABA) Tj ET Q q 0 0 0 rg BT 562.02 196.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.86 184.10 Td (an ) Tj ET Q q 0 0 0 rg BT 70.82 184.10 Td (unreasonable ) Tj ET Q q 0 0 0 rg BT 125.10 184.10 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 179.38 184.10 Td (device; ) Tj ET Q q 0 0 0 rg BT 209.78 184.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 223.52 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.49 184.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 269.89 184.10 Td (class ) Tj ET Q q 0 0 0 rg BT 290.86 184.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 314.60 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.79 184.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 355.96 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.82 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.56 184.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 417.18 184.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 436.49 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.35 184.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 488.42 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.73 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 184.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.03 172.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 100.59 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.61 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 172.10 Td (Company) Tj ET Q q 0 0 0 rg BT 166.74 172.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.88 172.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 195.13 172.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 221.27 172.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 263.51 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.19 172.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 302.44 172.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 327.47 172.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 366.92 172.10 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 389.72 172.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 406.96 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.65 172.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 454.77 172.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 497.00 172.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 521.46 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.37 172.10 Td (breach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.08 160.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 99.92 160.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 120.44 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.97 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.93 160.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.56 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.09 160.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 231.38 160.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 270.78 160.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 329.07 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.59 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.78 160.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 388.39 160.10 Td (under ) Tj ET Q q 0 0 0 rg BT 413.91 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.87 160.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 451.62 160.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 477.14 160.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 517.09 160.10 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 540.39 160.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 557.58 160.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 91.26 148.10 Td (class ) Tj ET Q q 0 0 0 rg BT 113.08 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.90 148.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 172.26 148.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 196.85 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.89 148.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 239.91 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.63 148.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 289.10 148.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 309.26 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.64 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.80 148.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 359.17 148.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.75 148.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 415.57 148.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 468.50 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.88 148.10 Td (December ) Tj ET Q q 0 0 0 rg BT 524.34 148.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 539.22 148.10 Td (2014; ) Tj ET Q q 0 0 0 rg BT 564.50 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 63.62 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.01 136.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 110.85 136.10 Td (class ) Tj ET Q q 0 0 0 rg BT 132.25 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 136.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 190.58 136.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 214.75 136.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 247.26 136.10 Td (invalidation ) Tj ET Q q 0 0 0 rg BT 296.98 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.27 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.45 136.10 Td (December ) Tj ET Q q 0 0 0 rg BT 364.49 136.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 378.95 136.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 400.90 136.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 427.30 136.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 479.80 136.10 Td (under ) Tj ET Q q 0 0 0 rg BT 504.53 136.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 544.79 136.10 Td (law; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 66.58 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.16 124.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 114.18 124.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 138.54 124.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.34 124.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 181.13 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.60 124.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 229.84 124.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 249.76 124.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.56 124.10 Td (not ) Tj ET Q q 0 0 0 rg BT 278.48 124.10 Td (duly ) Tj ET Q q 0 0 0 rg BT 298.40 124.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 335.54 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.43 124.10 Td (ABA) Tj ET Q q 0 0 0 rg BT 369.99 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.13 124.10 Td (at ) Tj ET Q q 0 0 0 rg BT 381.49 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.85 124.10 Td (July ) Tj ET Q q 0 0 0 rg BT 414.66 124.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 429.30 124.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 451.45 124.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 478.03 124.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 514.88 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.46 124.10 Td (seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 97.48 112.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 121.09 112.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 171.37 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.54 112.10 Td (ABA; ) Tj ET Q q 0 0 0 rg BT 211.95 112.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 231.68 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.63 112.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 280.02 112.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 304.74 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.91 112.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 348.07 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.91 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.64 112.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 412.25 112.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 432.54 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.38 112.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 486.44 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.73 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 112.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.10 100.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 100.73 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.82 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.85 100.10 Td (ABA, ) Tj ET Q q 0 0 0 rg BT 150.78 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.53 100.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 200.39 100.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 247.68 100.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 271.09 100.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 321.18 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.20 100.10 Td (ABA; ) Tj ET Q q 0 0 0 rg BT 361.41 100.10 Td (\(viii\) ) Tj ET Q q 0 0 0 rg BT 383.72 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.48 100.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 431.67 100.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 456.20 100.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 489.06 100.10 Td (invalidation ) Tj ET Q q 0 0 0 rg BT 539.15 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 100.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 71.88 88.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 122.08 88.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 159.78 88.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 181.66 88.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 225.32 88.10 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 279.13 88.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 301.01 88.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 325.66 88.10 Td (Split ) Tj ET Q q 0 0 0 rg BT 346.44 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.75 88.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 409.07 88.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 448.70 88.10 Td (actions; ) Tj ET Q q 0 0 0 rg BT 481.68 88.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 500.50 88.10 Td (\(ix\) ) Tj ET Q q 0 0 0 rg BT 516.81 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.13 88.10 Td (purported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (class ) Tj ET Q q 0 0 0 rg BT 70.98 76.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 94.73 76.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.92 76.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 136.11 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.98 76.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 183.61 76.10 Td (duty) Tj ET Q q 0 0 0 rg BT 200.74 76.10 Td (, ) Tj ET Q q 0 0 0 rg BT 204.78 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.75 76.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 252.84 76.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 299.35 76.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 321.98 76.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 371.28 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.04 76.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 406.58 76.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 428.12 76.10 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 455.21 76.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 474.53 76.10 Td (because ) Tj ET Q q 0 0 0 rg BT 507.71 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.58 76.10 Td (incomplete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.44 64.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.22 64.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 149.53 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.31 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.86 64.10 Td (ABA. ) Tj ET Q q 0 0 0 rg BT 201.48 64.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 224.46 64.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 253.72 64.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 263.94 64.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 284.71 64.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 332.68 64.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 356.78 64.10 Td (with ) Tj ET Q q 0 0 0 rg BT 377.55 64.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 408.87 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.65 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.20 64.10 Td (ABA, ) Tj ET Q q 0 0 0 rg BT 460.81 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.03 64.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 499.03 64.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 524.81 64.10 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 73.35 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.64 52.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 111.72 52.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 138.68 52.10 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 184.25 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.54 52.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 227.05 52.10 Td (amendments, ) Tj ET Q q 0 0 0 rg BT 283.16 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.45 52.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 321.53 52.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 372.93 52.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 411.83 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.12 52.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 450.19 52.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 494.78 52.10 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 549.79 52.10 Td (the ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 72.76 742.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 98.30 742.10 Td (Split, ) Tj ET Q q 0 0 0 rg BT 122.46 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.66 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.64 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 177.40 742.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 200.16 742.10 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 228.48 742.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 251.52 742.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 274.27 742.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 303.53 742.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 313.51 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 332.38 742.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 352.91 742.10 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 411.77 742.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 452.01 742.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 486.71 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.91 742.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 543.15 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 545.91 742.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.42 730.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 92.91 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 108.11 730.10 Td (October ) Tj ET Q q 0 0 0 rg BT 143.31 730.10 Td (31. ) Tj ET Q q 0 0 0 rg BT 158.79 730.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.28 730.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 207.25 730.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 236.51 730.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 246.72 730.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 268.03 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.45 730.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 307.88 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.53 730.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 347.18 730.10 Td (Certification. ) Tj ET Q q 0 0 0 rg BT 403.20 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.19 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 421.40 730.10 Td (November ) Tj ET Q q 0 0 0 rg BT 466.59 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 477.07 730.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 502.56 730.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 525.53 730.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 554.79 730.10 Td (fs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 79.80 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.05 718.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 122.18 718.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 161.98 718.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 202.34 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.92 718.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 245.84 718.10 Td (\(ii\), ) Tj ET Q q 0 0 0 rg BT 263.14 718.10 Td (\(iii\), ) Tj ET Q q 0 0 0 rg BT 283.23 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.25 718.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 317.27 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.19 718.10 Td (described ) Tj ET Q q 0 0 0 rg BT 369.09 718.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 398.05 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.45 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.58 718.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 456.15 718.10 Td (added ) Tj ET Q q 0 0 0 rg BT 482.62 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 493.53 718.10 Td (defendants ) Tj ET Q q 0 0 0 rg BT 539.43 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 73.22 706.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 113.39 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.12 706.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 187.62 706.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.30 706.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 238.80 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.53 706.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 298.03 706.10 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 341.54 706.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 370.04 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.11 706.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 410.41 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 421.70 706.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 451.33 706.10 Td (against ) Tj ET Q q 0 0 0 rg BT 480.94 706.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 504.63 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.47 706.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 564.51 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 97.80 694.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 127.27 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.31 694.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 169.58 694.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 200.17 694.10 Td (\(v\), ) Tj ET Q q 0 0 0 rg BT 216.59 694.10 Td (\(vi\), ) Tj ET Q q 0 0 0 rg BT 235.78 694.10 Td (\(vii\), ) Tj ET Q q 0 0 0 rg BT 257.76 694.10 Td (\(viii\), ) Tj ET Q q 0 0 0 rg BT 282.51 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.21 694.10 Td (\(ix\) ) Tj ET Q q 0 0 0 rg BT 315.91 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.49 694.10 Td (described ) Tj ET Q q 0 0 0 rg BT 367.07 694.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 395.70 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.40 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 433.54 694.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 454.12 694.10 Td (answers ) Tj ET Q q 0 0 0 rg BT 488.59 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.63 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.10 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 535.91 694.10 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.50 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.24 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 81.35 682.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 109.97 682.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 134.30 682.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 175.90 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.06 682.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 252.99 682.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 300.43 682.10 Td (Briefing ) Tj ET Q q 0 0 0 rg BT 336.48 682.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 378.07 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.45 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.39 682.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 442.33 682.10 Td (motions ) Tj ET Q q 0 0 0 rg BT 477.27 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.87 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 514.37 682.10 Td (been ) Tj ET Q q 0 0 0 rg BT 535.96 682.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 550.90 682.10 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 670.10 Td (discovery ) Tj ET Q q 0 0 0 rg BT 108.32 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.49 670.10 Td (on-going. ) Tj ET Q q 0 0 0 rg BT 158.41 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 176.46 670.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.85 670.10 Td (denies ) Tj ET Q q 0 0 0 rg BT 245.89 670.10 Td (any ) Tj ET Q q 0 0 0 rg BT 262.83 670.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 296.44 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.38 670.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 344.77 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.04 670.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 384.75 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.47 670.10 Td (action ) Tj ET Q q 0 0 0 rg BT 426.40 670.10 Td (vigorously) Tj ET Q q 0 0 0 rg BT 468.53 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 648.10 Td (The Company is involved in various other claims and legal actions arising in the ordinary course of business. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (opinion of management, the ultimate likely disposition of these matters will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 474.98 636.10 Td (fect on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 624.10 Td (s consolidated financial position, results of operations or liquidity) Tj ET Q q 0 0 0 rg BT 353.47 624.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Item 4. MINE SAFETY) Tj ET Q q 0 0 0 rg BT 151.29 604.10 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 582.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 116.50 582.10 Td (applicable.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 742.25 Td (II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item 5. 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rg /GS0 gs 428.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 564.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 564.75 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 592.75 m 428.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 592.75 m 495.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 592.75 m 562.5 592.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 596.48 Td (Year Ended December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.90 596.48 Td (High) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.05 596.48 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.32 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 583.32 Td (41.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 583.32 Td (29.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.32 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 569.32 Td (49.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 569.32 Td (37.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.32 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 555.32 Td (58.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 555.32 Td (47.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.32 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 541.32 Td (62.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 541.32 Td (54.10) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 513.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 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Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.80 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.21 414.25 Td (As ) Tj ET Q q 0 0 0 rg BT 102.12 414.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.25 414.25 Td (February27, ) Tj ET Q q 0 0 0 rg BT 165.15 414.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.15 414.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.46 414.25 Td (there ) Tj ET Q q 0 0 0 rg BT 211.24 414.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.47 414.25 Td (31,499,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.47 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.27 414.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 306.07 414.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.20 414.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.22 414.25 Td (Company) Tj ET Q q 0 0 0 rg BT 371.88 414.25 Td (s ) Tj ET Q q 0 0 0 rg BT 377.58 414.25 Td (common ) Tj ET Q q 0 0 0 rg BT 414.37 414.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.28 414.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 487.85 414.25 Td (As ) Tj ET Q q 0 0 0 rg BT 500.77 414.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.90 414.25 Td (February27, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 402.25 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 402.25 Td (there ) Tj ET Q q 0 0 0 rg BT 97.49 402.25 Td (were ) Tj ET Q q 0 0 0 rg BT 119.41 402.25 Td (134 ) Tj ET Q q 0 0 0 rg BT 136.91 402.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 178.84 402.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 210.78 402.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.61 402.25 Td (record ) Tj ET Q q 0 0 0 rg BT 249.64 402.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.47 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.19 402.25 Td (Company) Tj ET Q q 0 0 0 rg BT 316.86 402.25 Td (s ) Tj ET Q q 0 0 0 rg BT 323.25 402.25 Td (common ) Tj ET Q q 0 0 0 rg BT 360.74 402.25 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.86 356.25 Td (A) Tj ET Q q 0 0 0 rg BT 94.53 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.92 356.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 134.31 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.47 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.08 356.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.46 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.18 356.25 Td ($0.075 ) Tj ET Q q 0 0 0 rg BT 232.07 356.25 Td (cents ) Tj ET Q q 0 0 0 rg BT 255.01 356.25 Td (per ) Tj ET Q q 0 0 0 rg BT 270.17 356.25 Td (common ) Tj ET Q q 0 0 0 rg BT 307.55 356.25 Td (share ) Tj ET Q q 0 0 0 rg BT 331.04 356.25 Td (was ) Tj ET Q q 0 0 0 rg BT 348.98 356.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 368.58 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 380.97 356.25 Td (March ) Tj ET Q q 0 0 0 rg BT 409.46 356.25 Td (1) Tj ET Q q 0 0 0 rg BT 414.09 356.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 423.98 356.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 448.87 356.25 Td (June ) Tj ET Q q 0 0 0 rg BT 469.59 356.25 Td (10, ) Tj ET Q q 0 0 0 rg BT 484.48 356.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 509.37 356.25 Td (September ) Tj ET Q q 0 0 0 rg BT 554.52 356.25 Td (9, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 76.08 344.25 Td (December ) Tj ET Q q 0 0 0 rg BT 120.75 344.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 136.83 344.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 162.91 344.25 Td (March ) Tj ET Q q 0 0 0 rg BT 192.59 344.25 Td (1) Tj ET Q q 0 0 0 rg BT 197.22 344.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 208.30 344.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 234.38 344.25 Td (June ) Tj ET Q q 0 0 0 rg BT 256.29 344.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 272.38 344.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 298.46 344.25 Td (September ) Tj ET Q q 0 0 0 rg BT 344.80 344.25 Td (10, ) Tj ET Q q 0 0 0 rg BT 360.88 344.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 386.97 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.99 344.25 Td (December ) Tj ET Q q 0 0 0 rg BT 449.65 344.25 Td (10, ) Tj ET Q q 0 0 0 rg BT 465.73 344.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 489.31 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.67 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 344.25 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 102.82 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.44 332.25 Td (record. ) Tj ET Q q 0 0 0 rg BT 143.76 332.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.04 332.25 Td (On ) Tj ET Q q 0 0 0 rg BT 160.55 332.25 Td (February ) Tj ET Q q 0 0 0 rg BT 198.94 332.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 208.72 332.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 231.01 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.51 332.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.68 332.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 332.28 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.78 332.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 383.50 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.12 332.25 Td (a ) Tj ET Q q 0 0 0 rg BT 400.84 332.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 438.12 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.74 332.25 Td ($0.075 ) Tj ET Q q 0 0 0 rg BT 478.52 332.25 Td (per ) Tj ET Q q 0 0 0 rg BT 493.57 332.25 Td (common ) Tj ET Q q 0 0 0 rg BT 530.85 332.25 Td (share ) Tj ET Q q 0 0 0 rg BT 554.24 332.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 103.04 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.87 320.25 Td (record ) Tj ET Q q 0 0 0 rg BT 141.90 320.25 Td (on ) Tj ET Q q 0 0 0 rg BT 154.40 320.25 Td (February ) Tj ET Q q 0 0 0 rg BT 193.00 320.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 208.00 320.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 233.00 320.25 Td (with ) Tj ET Q q 0 0 0 rg BT 253.28 320.25 Td (said ) Tj ET Q q 0 0 0 rg BT 271.89 320.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 309.38 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.66 320.25 Td (be ) Tj ET Q q 0 0 0 rg BT 331.60 320.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 351.32 320.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.82 320.25 Td (March ) Tj ET Q q 0 0 0 rg BT 392.42 320.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 407.42 320.25 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 298.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 144.43 298.25 Td (for) Tj ET Q q 0 0 0 rg BT 157.02 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.52 298.25 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 198.70 298.25 Td (Under) Tj ET Q q 0 0 0 rg BT 225.74 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.24 298.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 259.64 298.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 323.81 298.25 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 276.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.24 276.25 Td (Company) Tj ET Q q 0 0 0 rg BT 158.91 276.25 Td (s ) Tj ET Q q 0 0 0 rg BT 165.49 276.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 193.18 276.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 251.42 276.25 Td (is ) Tj ET Q q 0 0 0 rg BT 260.78 276.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 299.57 276.25 Td (governed ) Tj ET Q q 0 0 0 rg BT 339.47 276.25 Td (by ) Tj ET Q q 0 0 0 rg BT 352.17 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.08 276.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 389.77 276.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 411.35 276.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 440.71 276.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 480.61 276.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 501.08 276.25 Td (as ) Tj ET Q q 0 0 0 rg BT 512.11 276.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 552.01 276.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 264.25 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 121.20 264.25 Td (The ) Tj ET Q q 0 0 0 rg BT 139.24 264.25 Td (table ) Tj ET Q q 0 0 0 rg BT 161.18 264.25 Td (below ) Tj ET Q q 0 0 0 rg BT 188.12 264.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 225.05 264.25 Td (information ) Tj ET Q q 0 0 0 rg BT 274.77 264.25 Td (as ) Tj ET Q q 0 0 0 rg BT 285.60 264.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.43 264.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 355.01 264.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.01 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.51 264.25 Td (related ) Tj ET Q q 0 0 0 rg BT 407.21 264.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.49 264.25 Td (this ) Tj ET Q q 0 0 0 rg BT 434.44 264.25 Td (plan.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 156.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 156.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 156.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 156.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 128.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 128.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 128.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 128.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 100.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 100.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 100.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 100.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 100.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 100.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 100.75 68.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 156.75 m 355.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 156.75 m 424.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 156.75 m 493.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.75 m 565.5 156.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 100.75 m 424.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 87.75 m 424.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 85.75 m 424.5 85.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 100.75 m 493.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 87.75 m 493.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 85.75 m 493.5 85.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 100.75 m 565.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 87.75 m 565.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 85.75 m 565.5 85.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.35 244.43 Td (Number) Tj ET Q q 0 0 0 rg BT 403.72 244.43 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.65 234.43 Td (Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.20 224.43 Td (to be Issued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.80 214.43 Td (Upon) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.10 204.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 388.47 204.43 Td (cise of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.80 194.43 Td (Outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 184.43 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.55 234.43 Td (W) Tj ET Q q 0 0 0 rg BT 448.00 234.43 Td (eighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.10 224.43 Td (A) Tj ET Q q 0 0 0 rg BT 449.58 224.43 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 214.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 462.87 214.43 Td (cise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.95 204.43 Td (Price of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.80 194.43 Td (Outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 184.43 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.30 244.43 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.75 234.43 Td (of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.65 224.43 Td (Remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.05 214.43 Td (A) Tj ET Q q 0 0 0 rg BT 517.53 214.43 Td (vailable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.80 204.43 Td (for) Tj ET Q q 0 0 0 rg BT 521.39 204.43 Td ( Futur) Tj ET Q q 0 0 0 rg BT 548.71 204.43 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 194.43 Td (Issuance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.75 184.43 Td (Under) Tj ET Q q 0 0 0 rg BT 528.79 184.43 Td ( Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 161.43 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.90 170.48 Td (Warrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.25 160.48 Td (and Rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.90 170.48 Td (Warrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.25 160.48 Td (and Rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.15 170.48 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.30 160.48 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 147.32 Td (Equity Compensation Plans Approved by Security Holders:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 147.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 147.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 147.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 133.32 Td (1996 Stock Incentive Plan, as amended and restated in 2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 133.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 133.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 133.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 133.32 Td (1,097,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 119.32 Td (2010 Stock Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 119.32 Td (109,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 119.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 119.32 Td (30.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 119.32 Td (4,363,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 105.32 Td (Equity Compensation Plans Not Approved by Security Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 105.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 105.32 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 105.32 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.55 91.43 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 91.43 Td (109,499) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 91.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 91.43 Td (30.73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 91.43 Td (5,461,471) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 74.17 742.25 Td (or) Tj ET Q q 0 0 0 rg BT 83.43 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.93 742.25 Td (Issuances ) Tj ET Q q 0 0 0 rg BT 128.99 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.82 742.25 Td (Unr) Tj ET Q q 0 0 0 rg BT 156.87 742.25 Td (egister) Tj ET Q q 0 0 0 rg BT 185.00 742.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 197.50 742.25 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 721.25 Td (None) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 699.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.93 699.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 97.86 699.25 Td (chases ) Tj ET Q q 0 0 0 rg BT 127.58 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.41 699.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 169.81 699.25 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 677.25 Td (As ) Tj ET Q q 0 0 0 rg BT 112.22 677.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 149.88 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 163.65 677.25 Td (under ) Tj ET Q q 0 0 0 rg BT 188.53 677.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 225.07 677.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 251.62 677.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 295.93 677.25 Td (share ) Tj ET Q q 0 0 0 rg BT 319.14 677.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 364.56 677.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 390.27 677.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 436.27 677.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 458.38 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.71 677.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.70 677.25 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (1,479,454 ) Tj ET Q q 0 0 0 rg BT 92.50 665.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.99 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.82 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.65 665.25 Td (common ) Tj ET Q q 0 0 0 rg BT 184.15 665.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 207.75 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.91 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.85 665.25 Td (total ) Tj ET Q q 0 0 0 rg BT 249.13 665.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 290.49 665.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 328.53 665.25 Td (price ) Tj ET Q q 0 0 0 rg BT 351.01 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.84 665.25 Td ($65.3 ) Tj ET Q q 0 0 0 rg BT 386.84 665.25 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 643.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.56 643.25 Td (following ) Tj ET Q q 0 0 0 rg BT 159.46 643.25 Td (table ) Tj ET Q q 0 0 0 rg BT 181.91 643.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 218.24 643.25 Td (information ) Tj ET Q q 0 0 0 rg BT 268.47 643.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.26 643.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 320.59 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.38 643.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 373.82 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.16 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 401.50 643.25 Td (common ) Tj ET Q q 0 0 0 rg BT 439.51 643.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.63 643.25 Td (made ) Tj ET Q q 0 0 0 rg BT 488.30 643.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.31 643.25 Td (or ) Tj ET Q q 0 0 0 rg BT 512.66 643.25 Td (on ) Tj ET Q q 0 0 0 rg BT 525.67 643.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 553.67 643.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 71.39 631.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.22 631.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.05 631.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 151.63 631.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.63 631.25 Td (, ) Tj ET Q q 0 0 0 rg BT 176.63 631.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.46 631.25 Td (part ) Tj ET Q q 0 0 0 rg BT 205.51 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.34 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 232.17 631.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 267.44 631.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 313.26 631.25 Td (share ) Tj ET Q q 0 0 0 rg BT 336.86 631.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 382.66 631.25 Td (plan:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 506.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 506.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 506.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 506.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 506.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 506.75 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 476.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 476.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 476.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 476.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 476.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 476.75 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 446.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 446.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 446.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 446.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 446.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 446.75 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 416.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 416.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 416.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 416.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 416.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 416.75 103.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 524.75 m 247.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 524.75 m 309.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 524.75 m 393.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 524.75 m 398.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 524.75 m 446.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 524.75 m 553.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 401.75 m 309.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 387.75 m 309.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 385.75 m 309.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 401.75 m 393.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 387.75 m 393.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 385.75 m 393.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 401.75 m 553.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 387.75 m 553.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 385.75 m 553.5 385.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 579.43 Td (T) Tj ET Q q 0 0 0 rg BT 272.80 579.43 Td (otal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.85 569.43 Td (Number) Tj ET Q q 0 0 0 rg BT 290.22 569.43 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.60 559.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 283.98 559.43 Td (es ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.25 549.43 Td (\(Units\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.55 539.43 Td (Pur) Tj ET Q q 0 0 0 rg BT 271.48 539.43 Td (chased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.70 599.43 Td (T) Tj ET Q q 0 0 0 rg BT 323.45 599.43 Td (otal Number) Tj ET Q q 0 0 0 rg BT 377.43 599.43 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.60 589.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 358.98 589.43 Td (es ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.85 579.43 Td (Pur) Tj ET Q q 0 0 0 rg BT 340.78 579.43 Td (chased as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.70 569.43 Td (Part of Publicly-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.50 559.43 Td (Announced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.45 549.43 Td (Plans or) Tj ET Q q 0 0 0 rg BT 370.55 549.43 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.95 539.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 342.32 539.43 Td (ograms) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.60 559.43 Td (Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.85 549.43 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.60 539.43 Td (Paid Per) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 529.43 Td (Share \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.30 599.43 Td (Maximum Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.20 589.43 Td (\(or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.45 579.43 Td (Approximate Dollar) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.35 569.43 Td (Value\) of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.30 559.43 Td (Shares that May Yet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.90 549.43 Td (Be) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.40 539.43 Td (Purchased Under the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.60 529.43 Td (Plans or Programs \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.00 529.43 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 496.42 Td (As of December31, 2015 \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 496.42 Td (10,777,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 496.42 Td (10,777,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 496.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 496.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 496.42 Td (88,558,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 481.42 Td (January1, 2016 to March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 481.42 Td (465,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 481.42 Td (465,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 481.42 Td (30.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 481.42 Td (74,590,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 466.42 Td (April 1, 2016 to June 30, 2016 \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 466.42 Td (543,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 466.42 Td (543,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 466.42 Td (44.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 466.42 Td (50,363,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 451.42 Td (July 1, 2016 to September 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 451.42 Td (88,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 451.42 Td (88,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 451.42 Td (53.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 451.42 Td (45,602,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 436.42 Td (October 1, 2016 to October 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 436.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 436.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 436.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 436.42 Td (45,602,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 421.42 Td (November 1, 2016 to November 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 421.42 Td (222,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 421.42 Td (222,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 421.42 Td (58.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 421.42 Td (32,491,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 406.42 Td (December 1, 2016 to December 31, 2016 \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 406.42 Td (159,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 406.42 Td (159,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 406.42 Td (57.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 406.42 Td (23,243,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.05 391.43 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.60 391.43 Td (12,257,274) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.65 391.43 Td (12,257,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 391.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 391.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 391.43 Td (23,243,400) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 363.25 Td (A) Tj ET Q q 0 0 0 rg BT 83.48 363.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 112.63 363.25 Td (price ) Tj ET Q q 0 0 0 rg BT 135.11 363.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 154.83 363.25 Td (per ) Tj ET Q q 0 0 0 rg BT 170.10 363.25 Td (share ) Tj ET Q q 0 0 0 rg BT 193.69 363.25 Td (for ) Tj ET Q q 0 0 0 rg BT 207.85 363.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.34 363.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 278.38 363.25 Td (as ) Tj ET Q q 0 0 0 rg BT 289.21 363.25 Td (part ) Tj ET Q q 0 0 0 rg BT 307.26 363.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.09 363.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.92 363.25 Td (publicly-announced ) Tj ET Q q 0 0 0 rg BT 415.84 363.25 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 351.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 86.26 351.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 116.78 351.25 Td (August ) Tj ET Q q 0 0 0 rg BT 149.94 351.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 166.71 351.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 190.97 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.46 351.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 256.30 351.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 285.00 351.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.60 351.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 339.07 351.25 Td (unanimously ) Tj ET Q q 0 0 0 rg BT 395.00 351.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 436.48 351.25 Td (an ) Tj ET Q q 0 0 0 rg BT 450.18 351.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 494.44 351.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 540.90 351.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 339.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 122.24 339.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 141.38 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.65 339.25 Td ($100.0million. ) Tj ET Q q 0 0 0 rg BT 214.83 339.25 Td (The ) Tj ET Q q 0 0 0 rg BT 232.31 339.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 258.68 339.25 Td (directed ) Tj ET Q q 0 0 0 rg BT 292.81 339.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.74 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.88 339.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 373.01 339.25 Td (be ) Tj ET Q q 0 0 0 rg BT 384.38 339.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 414.08 339.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.79 339.25 Td (available ) Tj ET Q q 0 0 0 rg BT 471.81 339.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.51 339.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 527.87 339.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 339.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 327.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 118.33 327.25 Td (by ) Tj ET Q q 0 0 0 rg BT 130.80 327.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.48 327.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 192.53 327.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 232.76 327.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 273.83 327.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 301.28 327.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 330.95 327.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 390.06 327.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.74 327.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 446.07 327.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.54 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.33 327.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 539.00 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 327.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 315.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 125.53 315.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 154.47 315.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.41 315.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.36 315.25 Td (may ) Tj ET Q q 0 0 0 rg BT 208.52 315.25 Td (be ) Tj ET Q q 0 0 0 rg BT 221.91 315.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 254.19 315.25 Td (by ) Tj ET Q q 0 0 0 rg BT 268.14 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.30 315.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 310.47 315.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.85 315.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 376.13 315.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 415.06 315.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 458.99 315.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 501.25 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 315.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 303.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 126.70 303.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 148.64 303.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 188.90 303.25 Td (facility) Tj ET Q q 0 0 0 rg BT 216.57 303.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 291.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.49 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.20 291.25 Td (December ) Tj ET Q q 0 0 0 rg BT 144.66 291.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 159.54 291.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 181.91 291.25 Td (there ) Tj ET Q q 0 0 0 rg BT 204.27 291.25 Td (were ) Tj ET Q q 0 0 0 rg BT 226.08 291.25 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 255.96 291.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.32 291.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 316.25 291.25 Td ($820 ) Tj ET Q q 0 0 0 rg BT 338.63 291.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 377.12 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.82 291.25 Td (share ) Tj ET Q q 0 0 0 rg BT 411.30 291.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 460.87 291.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.24 291.25 Td (were ) Tj ET Q q 0 0 0 rg BT 500.05 291.25 Td (not ) Tj ET Q q 0 0 0 rg BT 515.21 291.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 543.69 291.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 279.25 Td (January ) Tj ET Q q 0 0 0 rg BT 110.60 279.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 267.25 Td (As ) Tj ET Q q 0 0 0 rg BT 91.16 267.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.54 267.25 Td (June ) Tj ET Q q 0 0 0 rg BT 123.91 267.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 139.46 267.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 162.51 267.25 Td (there ) Tj ET Q q 0 0 0 rg BT 185.54 267.25 Td (were ) Tj ET Q q 0 0 0 rg BT 208.02 267.25 Td (30,000 ) Tj ET Q q 0 0 0 rg BT 238.56 267.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 266.60 267.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 300.20 267.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 320.75 267.25 Td (million ) Tj ET Q q 0 0 0 rg BT 352.68 267.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.06 267.25 Td (share ) Tj ET Q q 0 0 0 rg BT 388.21 267.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 438.45 267.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.49 267.25 Td (were ) Tj ET Q q 0 0 0 rg BT 478.97 267.25 Td (not ) Tj ET Q q 0 0 0 rg BT 494.79 267.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 523.94 267.25 Td (until ) Tj ET Q q 0 0 0 rg BT 545.33 267.25 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 255.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 243.25 Td (As ) Tj ET Q q 0 0 0 rg BT 90.74 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.69 243.25 Td (December ) Tj ET Q q 0 0 0 rg BT 145.40 243.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 160.53 243.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 183.15 243.25 Td (there ) Tj ET Q q 0 0 0 rg BT 205.76 243.25 Td (were ) Tj ET Q q 0 0 0 rg BT 227.81 243.25 Td (109,475 ) Tj ET Q q 0 0 0 rg BT 262.94 243.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.55 243.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 323.73 243.25 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 343.85 243.25 Td (million ) Tj ET Q q 0 0 0 rg BT 375.37 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.32 243.25 Td (share ) Tj ET Q q 0 0 0 rg BT 410.05 243.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 459.87 243.25 Td (that ) Tj ET Q q 0 0 0 rg BT 477.49 243.25 Td (were ) Tj ET Q q 0 0 0 rg BT 499.54 243.25 Td (not ) Tj ET Q q 0 0 0 rg BT 514.94 243.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 543.67 243.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 231.25 Td (January ) Tj ET Q q 0 0 0 rg BT 110.60 231.25 Td (2017.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.25 742.25 Td (PERFORMANCE GRAPH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.86 720.25 Td (line ) Tj ET Q q 0 0 0 rg BT 134.17 720.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 159.26 720.25 Td (below ) Tj ET Q q 0 0 0 rg BT 186.01 720.25 Td (compares ) Tj ET Q q 0 0 0 rg BT 226.64 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.18 720.25 Td (yearly ) Tj ET Q q 0 0 0 rg BT 268.48 720.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 314.09 720.25 Td (change ) Tj ET Q q 0 0 0 rg BT 344.73 720.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.82 720.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 401.56 720.25 Td (total ) Tj ET Q q 0 0 0 rg BT 421.65 720.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 470.63 720.25 Td (return ) Tj ET Q q 0 0 0 rg BT 496.82 720.25 Td (on ) Tj ET Q q 0 0 0 rg BT 509.13 720.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.78 720.25 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.43 708.25 Td (for ) Tj ET Q q 0 0 0 rg BT 89.75 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.62 708.25 Td (last ) Tj ET Q q 0 0 0 rg BT 121.17 708.25 Td (five ) Tj ET Q q 0 0 0 rg BT 139.37 708.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 163.68 708.25 Td (years ) Tj ET Q q 0 0 0 rg BT 187.44 708.25 Td (with ) Tj ET Q q 0 0 0 rg BT 207.87 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.74 708.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 267.07 708.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 292.50 708.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 324.04 708.25 Td (\(U.S.\) ) Tj ET Q q 0 0 0 rg BT 351.14 708.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.90 708.25 Td (index ) Tj ET Q q 0 0 0 rg BT 399.78 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.87 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.74 708.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 476.07 708.25 Td (Computer ) Tj ET Q q 0 0 0 rg BT 518.72 708.25 Td (Index. ) Tj ET Q q 0 0 0 rg BT 546.45 708.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.57 696.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 117.02 696.25 Td (assumes ) Tj ET Q q 0 0 0 rg BT 153.04 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.94 696.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 214.51 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.52 696.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 248.21 696.25 Td (on ) Tj ET Q q 0 0 0 rg BT 260.89 696.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 319.66 696.25 Td (201) Tj ET Q q 0 0 0 rg BT 334.29 696.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 344.47 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.60 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.50 696.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 430.83 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.85 696.25 Td (any ) Tj ET Q q 0 0 0 rg BT 458.97 696.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 500.54 696.25 Td (\(rounded ) Tj ET Q q 0 0 0 rg BT 539.32 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 696.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (nearest ) Tj ET Q q 0 0 0 rg BT 80.82 684.25 Td (dollar\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.90 662.25 Td (Comparison of Five ) Tj ET Q q 0 0 0 rg BT 284.47 662.25 Td (Y) Tj ET Q q 0 0 0 rg BT 290.58 662.25 Td (ear) Tj ET Q q 0 0 0 rg BT 304.28 662.25 Td ( Cumulative ) Tj ET Q q 0 0 0 rg BT 359.10 662.25 Td (T) Tj ET Q q 0 0 0 rg BT 364.85 662.25 Td (otal Return) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 615.75 179.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 615.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 615.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 589.75 179.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 589.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 589.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 589.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 589.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 589.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 589.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 589.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 589.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 589.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 589.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 589.75 52.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 615.75 m 281 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 615.75 m 337 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 615.75 m 393 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 615.75 m 449 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 615.75 m 505 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 615.75 m 561 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 615.75 m 561 615.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.95 620.43 Td (12/31/2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.70 620.43 Td (12/31/2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.70 620.43 Td (12/31/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.70 620.43 Td (12/31/2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.70 620.43 Td (12/31/2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.70 620.43 Td (12/31/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 606.48 Td (EBIX, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.15 606.48 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 606.48 Td (73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 606.48 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 606.48 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 606.48 Td (149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.50 606.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.15 606.48 Td (260) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 593.48 Td (NASDAQ STOCK MARKET \(U.S.\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.15 593.48 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 593.48 Td (116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 593.48 Td (160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 593.48 Td (182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 593.48 Td (192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.50 593.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.15 593.48 Td (207) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 580.48 Td (NASDAQ COMPUTER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.15 580.48 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 580.48 Td (112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 580.48 Td (148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 580.48 Td (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 580.48 Td (189) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.50 580.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.15 580.48 Td (212) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 512.00 0 0 160.85 50.00 387.42 cm /I18 Do Q BT /F1 10.00 Tf ET endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.99 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 742.25 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 194.46 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 210.66 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 216.59 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 115.86 720.25 Td (following ) Tj ET Q q 0 0 0 rg BT 156.06 720.25 Td (data ) Tj ET Q q 0 0 0 rg BT 174.03 720.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.01 720.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 209.98 720.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.39 720.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.39 720.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.21 720.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.21 720.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.02 720.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.02 720.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.84 720.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.84 720.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.65 720.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.41 720.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.41 720.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.72 720.25 Td (should ) Tj ET Q q 0 0 0 rg BT 392.71 720.25 Td (be ) Tj ET Q q 0 0 0 rg BT 403.46 720.25 Td (read ) Tj ET Q q 0 0 0 rg BT 421.98 720.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.07 720.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 479.60 720.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.69 720.25 Td (Management) Tj ET Q q 0 0 0 rg BT 558.11 720.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 96.74 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.39 708.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 151.23 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.41 708.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 202.47 708.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 245.31 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.60 708.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 294.89 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.06 708.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 357.22 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.51 708.25 Td (with ) Tj ET Q q 0 0 0 rg BT 395.13 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.30 708.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.69 708.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.51 708.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 547.57 708.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 696.25 Td (related ) Tj ET Q q 0 0 0 rg BT 94.42 696.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 118.03 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.97 696.25 Td (other ) Tj ET Q q 0 0 0 rg BT 158.01 696.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.49 696.25 Td (information ) Tj ET Q q 0 0 0 rg BT 245.21 696.25 Td (included ) Tj ET Q q 0 0 0 rg BT 282.14 696.25 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 674.25 Td (Consolidated Financial Highlights) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 574.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 574.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 574.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 574.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 574.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.75 180.00 -14.00 re f 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1 rg /GS0 gs 363.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 490.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 490.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 490.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 452.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 452.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 452.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 452.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 452.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 452.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 424.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 424.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 424.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 424.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 424.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 424.75 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 368.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 368.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 368.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 368.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 368.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 340.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 340.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 340.75 62.00 -14.00 re f /GS0 gs 0.8 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/F2 10.00 Tf ET q 0 0 0 rg BT 239.90 613.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.40 603.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.50 593.43 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.40 613.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.90 603.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 593.43 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.40 613.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.90 603.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.00 593.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.40 613.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.90 603.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 593.43 Td (31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.40 613.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.90 603.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 593.43 Td (31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.10 579.43 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 565.43 Td (Results of Operations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 565.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 565.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 565.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 565.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 565.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 551.32 Td (298,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 551.32 Td (265,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 551.32 Td (214,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 551.32 Td (204,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 551.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 551.32 Td (199,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 537.32 Td (100,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 537.32 Td (88,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 537.32 Td (79,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 537.32 Td (75,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 537.32 Td (77,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 523.32 Td (93,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 523.32 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 523.32 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 523.32 Td (59,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 523.32 Td (70,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 509.43 Td (Net income per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 509.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 495.32 Td (2.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 495.32 Td (2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 495.32 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 495.32 Td (1.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 495.32 Td (1.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 481.32 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 481.32 Td (2.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 481.32 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 481.32 Td (1.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 481.32 Td (1.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 467.43 Td (Shares used in computing per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 457.43 Td (data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 443.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 443.32 Td (32,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 443.32 Td (34,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 443.32 Td (37,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 443.32 Td (37,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 443.32 Td (36,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 429.32 Td (32,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 429.32 Td (34,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 429.32 Td (38,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 429.32 Td (38,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 429.32 Td (39,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 415.32 Td (Cash dividend per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 415.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 415.32 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 415.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 415.32 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 415.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 415.32 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 415.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 415.32 Td (0.075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 415.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 415.32 Td (0.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 401.43 Td (Financial Position:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 401.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 401.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 401.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 401.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 387.32 Td (803,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 387.32 Td (675,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 387.32 Td (634,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 387.32 Td (553,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 387.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 387.32 Td (516,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.32 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 373.32 Td (12,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 373.32 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 373.32 Td (943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 373.32 Td (13,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 373.32 Td (11,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.32 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 359.32 Td (260,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 359.32 Td (206,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 359.32 Td (121,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 359.32 Td (42,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 359.32 Td (69,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.32 Td (Redeemable common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 345.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 345.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 345.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 345.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 345.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.32 Td (Stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 331.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 331.32 Td (438,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 331.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 331.32 Td (408,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 331.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 331.32 Td (432,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 331.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 331.32 Td (413,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 331.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 331.32 Td (362,155) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 7. MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 232.51 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 256.13 742.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 283.54 742.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 321.80 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 380.42 742.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 443.76 742.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 500.35 742.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 528.60 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.26 730.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 708.25 Td (As ) Tj ET Q q 0 0 0 rg BT 112.61 708.25 Td (used ) Tj ET Q q 0 0 0 rg BT 133.44 708.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 163.42 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.14 708.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 202.85 708.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 235.61 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.76 708.25 Td (Company) Tj ET Q q 0 0 0 rg BT 293.00 708.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.44 708.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 327.97 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.68 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.61 708.25 Td (us ) Tj ET Q q 0 0 0 rg BT 389.88 708.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 411.24 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.52 708.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 445.40 708.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 465.67 708.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.61 708.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 513.41 708.25 Td (corporation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 696.25 Td (its ) Tj ET Q q 0 0 0 rg BT 78.89 696.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 131.93 696.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 181.65 696.25 Td (as ) Tj ET Q q 0 0 0 rg BT 192.48 696.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.41 696.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 241.35 696.25 Td (entity) Tj ET Q q 0 0 0 rg BT 263.47 696.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.00 674.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.03 674.25 Td (information ) Tj ET Q q 0 0 0 rg BT 167.28 674.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 209.74 674.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.54 674.25 Td (this ) Tj ET Q q 0 0 0 rg BT 238.02 674.25 Td (section ) Tj ET Q q 0 0 0 rg BT 269.37 674.25 Td (has ) Tj ET Q q 0 0 0 rg BT 286.29 674.25 Td (been ) Tj ET Q q 0 0 0 rg BT 308.19 674.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 341.20 674.25 Td (fr) Tj ET Q q 0 0 0 rg BT 347.50 674.25 Td (om ) Tj ET Q q 0 0 0 rg BT 362.75 674.25 Td (our ) Tj ET Q q 0 0 0 rg BT 379.67 674.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 421.03 674.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 459.61 674.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.85 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.88 674.25 Td (should ) Tj ET Q q 0 0 0 rg BT 552.57 674.25 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 662.25 Td (ead ) Tj ET Q q 0 0 0 rg BT 69.80 662.25 Td (together ) Tj ET Q q 0 0 0 rg BT 104.96 662.25 Td (with ) Tj ET Q q 0 0 0 rg BT 124.02 662.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.75 662.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 179.92 662.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.31 662.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 261.37 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.21 662.25 Td (r) Tj ET Q q 0 0 0 rg BT 281.73 662.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 308.00 662.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 330.94 662.25 Td (included ) Tj ET Q q 0 0 0 rg BT 367.21 662.25 Td (elsewher) Tj ET Q q 0 0 0 rg BT 402.39 662.25 Td (e ) Tj ET Q q 0 0 0 rg BT 408.67 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.28 662.25 Td (this ) Tj ET Q q 0 0 0 rg BT 434.57 662.25 Td (document. ) Tj ET Q q 0 0 0 rg BT 477.78 662.25 Td (The ) Tj ET Q q 0 0 0 rg BT 494.62 662.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 538.13 662.25 Td (below ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 85.65 650.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 112.51 650.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 152.60 650.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.58 650.25 Td (within ) Tj ET Q q 0 0 0 rg BT 223.35 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.33 650.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 273.53 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.08 650.25 Td (Section27A) Tj ET Q q 0 0 0 rg BT 330.94 650.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.70 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.24 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.23 650.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 397.30 650.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 412.38 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.93 650.25 Td (1933, ) Tj ET Q q 0 0 0 rg BT 446.19 650.25 Td (as ) Tj ET Q q 0 0 0 rg BT 456.85 650.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 497.21 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.97 650.25 Td (Section21E ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.04 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.53 638.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 116.23 638.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 157.75 638.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 173.34 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.39 638.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 208.15 638.25 Td (as ) Tj ET Q q 0 0 0 rg BT 219.31 638.25 Td (amended. ) Tj ET Q q 0 0 0 rg BT 260.17 638.25 Td (These ) Tj ET Q q 0 0 0 rg BT 285.77 638.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 312.63 638.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 353.22 638.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 397.70 638.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 428.84 638.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 450.00 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.26 638.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 521.74 638.25 Td (including, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (but ) Tj ET Q q 0 0 0 rg BT 65.49 626.25 Td (not ) Tj ET Q q 0 0 0 rg BT 80.97 626.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 111.46 626.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 125.27 626.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 159.64 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.35 626.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 225.03 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.52 626.25 Td (services ) Tj ET Q q 0 0 0 rg BT 270.44 626.25 Td (offer) Tj ET Q q 0 0 0 rg BT 288.95 626.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 301.10 626.25 Td (by ) Tj ET Q q 0 0 0 rg BT 313.25 626.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 327.35 626.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.95 626.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 372.21 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.70 626.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 415.94 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.65 626.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 471.91 626.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 517.93 626.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 536.75 626.25 Td (levels, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 81.92 614.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 107.71 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.75 614.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 157.67 614.25 Td (by ) Tj ET Q q 0 0 0 rg BT 170.14 614.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 222.89 614.25 Td (r) Tj ET Q q 0 0 0 rg BT 226.41 614.25 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 267.76 614.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 303.30 614.25 Td (general ) Tj ET Q q 0 0 0 rg BT 336.88 614.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.22 614.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 425.42 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.45 614.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 483.70 614.25 Td (business ) Tj ET Q q 0 0 0 rg BT 520.63 614.25 Td (strategies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (Forwar) Tj ET Q q 0 0 0 rg BT 80.19 602.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 119.95 602.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 163.60 602.25 Td (ar) Tj ET Q q 0 0 0 rg BT 172.12 602.25 Td (e ) Tj ET Q q 0 0 0 rg BT 178.00 602.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 207.75 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.97 602.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.40 602.25 Td (number ) Tj ET Q q 0 0 0 rg BT 255.39 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.60 602.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 293.81 602.25 Td (that ) Tj ET Q q 0 0 0 rg BT 310.81 602.25 Td (could ) Tj ET Q q 0 0 0 rg BT 334.46 602.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 358.66 602.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 385.09 602.25 Td (r) Tj ET Q q 0 0 0 rg BT 388.61 602.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 412.82 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.04 602.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 445.14 602.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 487.67 602.25 Td (fr) Tj ET Q q 0 0 0 rg BT 493.97 602.25 Td (om ) Tj ET Q q 0 0 0 rg BT 507.63 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.96 602.25 Td (expr) Tj ET Q q 0 0 0 rg BT 540.35 602.25 Td (essed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.54 590.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 94.19 590.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 149.32 590.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 192.24 590.25 Td (but ) Tj ET Q q 0 0 0 rg BT 207.67 590.25 Td (not ) Tj ET Q q 0 0 0 rg BT 223.10 590.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 253.52 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.95 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.49 590.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 334.24 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.67 590.25 Td (futur) Tj ET Q q 0 0 0 rg BT 363.75 590.25 Td (e ) Tj ET Q q 0 0 0 rg BT 370.84 590.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 405.99 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 422.53 590.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 450.73 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.16 590.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 498.80 590.25 Td (working ) Tj ET Q q 0 0 0 rg BT 534.23 590.25 Td (capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (fr) Tj ET Q q 0 0 0 rg BT 56.30 578.25 Td (om ) Tj ET Q q 0 0 0 rg BT 71.72 578.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 120.20 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.62 578.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 177.13 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.11 578.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.21 578.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 247.84 578.25 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 290.19 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.39 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.81 578.25 Td (r) Tj ET Q q 0 0 0 rg BT 327.33 578.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 353.31 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.29 578.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 404.16 578.25 Td (or ) Tj ET Q q 0 0 0 rg BT 416.25 578.25 Td (investigations. ) Tj ET Q q 0 0 0 rg BT 477.50 578.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 496.82 578.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 523.68 578.25 Td (d-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.38 566.25 Td (can ) Tj ET Q q 0 0 0 rg BT 112.97 566.25 Td (be ) Tj ET Q q 0 0 0 rg BT 125.57 566.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 166.50 566.25 Td (by ) Tj ET Q q 0 0 0 rg BT 179.10 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.47 566.25 Td (use ) Tj ET Q q 0 0 0 rg BT 210.96 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.90 566.25 Td (terminology ) Tj ET Q q 0 0 0 rg BT 273.38 566.25 Td (such ) Tj ET Q q 0 0 0 rg BT 294.87 566.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.92 566.25 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 367.59 566.25 Td (expects, ) Tj ET Q q 0 0 0 rg BT 413.79 566.25 Td (intends, ) Tj ET Q q 0 0 0 rg BT 459.46 566.25 Td (believes, ) Tj ET Q q 0 0 0 rg BT 508.45 566.25 Td (will ) Tj ET Q q 0 0 0 rg BT 537.73 566.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 566.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 87.30 554.25 Td (ther) Tj ET Q q 0 0 0 rg BT 103.03 554.25 Td (eof ) Tj ET Q q 0 0 0 rg BT 118.67 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.99 554.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 174.97 554.25 Td (ther) Tj ET Q q 0 0 0 rg BT 190.71 554.25 Td (eon ) Tj ET Q q 0 0 0 rg BT 208.57 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.89 554.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 272.08 554.25 Td (terminology) Tj ET Q q 0 0 0 rg BT 319.85 554.25 Td (. ) Tj ET Q q 0 0 0 rg BT 325.78 554.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 356.40 554.25 Td (as ) Tj ET Q q 0 0 0 rg BT 368.72 554.25 Td (r) Tj ET Q q 0 0 0 rg BT 372.24 554.25 Td (equir) Tj ET Q q 0 0 0 rg BT 392.98 554.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 405.84 554.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.70 554.25 Td (law) Tj ET Q q 0 0 0 rg BT 432.41 554.25 Td (, ) Tj ET Q q 0 0 0 rg BT 438.33 554.25 Td (we ) Tj ET Q q 0 0 0 rg BT 452.87 554.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 496.28 554.25 Td (no ) Tj ET Q q 0 0 0 rg BT 509.70 554.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 554.24 554.25 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 84.71 542.25 Td (update ) Tj ET Q q 0 0 0 rg BT 114.43 542.25 Td (or ) Tj ET Q q 0 0 0 rg BT 125.82 542.25 Td (r) Tj ET Q q 0 0 0 rg BT 129.34 542.25 Td (evise ) Tj ET Q q 0 0 0 rg BT 151.83 542.25 Td (any ) Tj ET Q q 0 0 0 rg BT 168.76 542.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 195.63 542.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 236.45 542.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 279.78 542.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 314.49 542.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.88 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.38 542.25 Td (r) Tj ET Q q 0 0 0 rg BT 336.90 542.25 Td (esult ) Tj ET Q q 0 0 0 rg BT 358.29 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.57 542.25 Td (new ) Tj ET Q q 0 0 0 rg BT 387.18 542.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 439.40 542.25 Td (futur) Tj ET Q q 0 0 0 rg BT 458.48 542.25 Td (e ) Tj ET Q q 0 0 0 rg BT 465.42 542.25 Td (events ) Tj ET Q q 0 0 0 rg BT 492.91 542.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.30 542.25 Td (otherwise.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.54 520.25 Td (VIEW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 496.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 106.97 496.25 Td (is ) Tj ET Q q 0 0 0 rg BT 115.73 496.25 Td (a ) Tj ET Q q 0 0 0 rg BT 122.25 496.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 153.77 496.25 Td (international ) Tj ET Q q 0 0 0 rg BT 206.40 496.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 240.70 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.12 496.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 298.19 496.25 Td (software ) Tj ET Q q 0 0 0 rg BT 334.70 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.23 496.25 Td (e-commerce ) Tj ET Q q 0 0 0 rg BT 402.73 496.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 440.93 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.79 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.10 496.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 508.00 496.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 547.57 496.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 94.09 484.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 138.48 484.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 160.38 484.25 Td (providesapplication ) Tj ET Q q 0 0 0 rg BT 244.75 484.25 Td (software ) Tj ET Q q 0 0 0 rg BT 282.19 484.25 Td (products ) Tj ET Q q 0 0 0 rg BT 319.63 484.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.30 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.53 484.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 390.85 484.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 426.64 484.25 Td (including ) Tj ET Q q 0 0 0 rg BT 467.42 484.25 Td (carrier ) Tj ET Q q 0 0 0 rg BT 496.51 484.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 533.69 484.25 Td (agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 84.11 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.99 472.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 147.58 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 158.36 472.25 Td (well ) Tj ET Q q 0 0 0 rg BT 178.02 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 188.79 472.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 220.12 472.25 Td (software ) Tj ET Q q 0 0 0 rg BT 256.99 472.25 Td (development. ) Tj ET Q q 0 0 0 rg BT 313.04 472.25 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 376.03 472.25 Td (76% ) Tj ET Q q 0 0 0 rg BT 396.80 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.57 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.23 472.25 Td (Company) Tj ET Q q 0 0 0 rg BT 463.90 472.25 Td (s ) Tj ET Q q 0 0 0 rg BT 470.23 472.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 508.21 472.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.86 472.25 Td (recurring. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Rather ) Tj ET Q q 0 0 0 rg BT 78.96 460.25 Td (than ) Tj ET Q q 0 0 0 rg BT 98.49 460.25 Td (license ) Tj ET Q q 0 0 0 rg BT 128.56 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 144.19 460.25 Td (products ) Tj ET Q q 0 0 0 rg BT 180.94 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.03 460.25 Td (perpetuity) Tj ET Q q 0 0 0 rg BT 230.92 460.25 Td (, ) Tj ET Q q 0 0 0 rg BT 235.73 460.25 Td (we ) Tj ET Q q 0 0 0 rg BT 249.69 460.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 286.99 460.25 Td (either ) Tj ET Q q 0 0 0 rg BT 312.06 460.25 Td (license ) Tj ET Q q 0 0 0 rg BT 342.13 460.25 Td (them ) Tj ET Q q 0 0 0 rg BT 364.43 460.25 Td (for ) Tj ET Q q 0 0 0 rg BT 378.40 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.15 460.25 Td (few ) Tj ET Q q 0 0 0 rg BT 402.44 460.25 Td (years ) Tj ET Q q 0 0 0 rg BT 425.85 460.25 Td (with ) Tj ET Q q 0 0 0 rg BT 445.94 460.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 481.02 460.25 Td (support ) Tj ET Q q 0 0 0 rg BT 513.33 460.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 553.67 460.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (license ) Tj ET Q q 0 0 0 rg BT 79.86 448.25 Td (them ) Tj ET Q q 0 0 0 rg BT 101.95 448.25 Td (on ) Tj ET Q q 0 0 0 rg BT 114.05 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.58 448.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 151.01 448.25 Td (term ) Tj ET Q q 0 0 0 rg BT 171.43 448.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 193.53 448.25 Td (using ) Tj ET Q q 0 0 0 rg BT 217.29 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.83 448.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 274.81 448.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 306.35 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 316.32 448.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 334.29 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.39 448.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 365.98 448.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 383.63 448.25 Td (goal ) Tj ET Q q 0 0 0 rg BT 402.94 448.25 Td (is ) Tj ET Q q 0 0 0 rg BT 411.71 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.58 448.25 Td (be ) Tj ET Q q 0 0 0 rg BT 433.11 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.43 448.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 478.96 448.25 Td (powerhouse ) Tj ET Q q 0 0 0 rg BT 529.37 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.80 448.25 Td (back-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (end ) Tj ET Q q 0 0 0 rg BT 66.77 436.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 107.43 436.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 157.53 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.64 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.19 436.25 Td (world. ) Tj ET Q q 0 0 0 rg BT 210.36 436.25 Td (During ) Tj ET Q q 0 0 0 rg BT 241.03 436.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 265.86 436.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 307.63 436.25 Td (subscription-based ) Tj ET Q q 0 0 0 rg BT 384.96 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.73 436.25 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 474.04 436.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 511.91 436.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 552.00 436.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td ($21.0 ) Tj ET Q q 0 0 0 rg BT 75.18 424.25 Td (million ) Tj ET Q q 0 0 0 rg BT 106.76 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.22 424.25 Td ($225.8 ) Tj ET Q q 0 0 0 rg BT 147.40 424.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 181.48 424.25 Td (while ) Tj ET Q q 0 0 0 rg BT 206.38 424.25 Td (as ) Tj ET Q q 0 0 0 rg BT 217.39 424.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.51 424.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 270.50 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.51 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.41 424.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 343.67 424.25 Td (total ) Tj ET Q q 0 0 0 rg BT 364.13 424.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 402.35 424.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 444.45 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.91 424.25 Td (76% ) Tj ET Q q 0 0 0 rg BT 475.92 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.38 424.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 511.56 424.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 424.25 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 412.25 Td (77% ) Tj ET Q q 0 0 0 rg BT 82.18 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.00 412.25 Td (2015.In ) Tj ET Q q 0 0 0 rg BT 129.36 412.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 152.40 412.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 204.32 412.25 Td (based ) Tj ET Q q 0 0 0 rg BT 230.13 412.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 268.70 412.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 309.49 412.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.52 412.25 Td ($14.5 ) Tj ET Q q 0 0 0 rg BT 348.06 412.25 Td (million ) Tj ET Q q 0 0 0 rg BT 379.99 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.80 412.25 Td ($189.0 ) Tj ET Q q 0 0 0 rg BT 421.34 412.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 455.77 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.24 412.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.61 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 492.08 412.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 538.42 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 412.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.08 400.25 Td (total ) Tj ET Q q 0 0 0 rg BT 117.35 400.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 155.39 400.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 197.30 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.58 400.25 Td (63% ) Tj ET Q q 0 0 0 rg BT 228.41 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.69 400.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 263.69 400.25 Td (as ) Tj ET Q q 0 0 0 rg BT 274.52 400.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 316.45 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.72 400.25 Td (66% ) Tj ET Q q 0 0 0 rg BT 347.55 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.83 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.55 400.25 Td (year ) Tj ET Q q 0 0 0 rg BT 392.26 400.25 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 378.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.48 378.25 Td (Company) Tj ET Q q 0 0 0 rg BT 159.14 378.25 Td (s ) Tj ET Q q 0 0 0 rg BT 165.97 378.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 213.33 378.25 Td (vision ) Tj ET Q q 0 0 0 rg BT 240.71 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 250.32 378.25 Td (on ) Tj ET Q q 0 0 0 rg BT 263.25 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.40 378.25 Td (conver) Tj ET Q q 0 0 0 rg BT 305.42 378.25 Td (gence ) Tj ET Q q 0 0 0 rg BT 331.67 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.93 378.25 Td (all ) Tj ET Q q 0 0 0 rg BT 355.86 378.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 397.11 378.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 438.36 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.07 378.25 Td (a ) Tj ET Q q 0 0 0 rg BT 456.44 378.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 489.36 378.25 Td (such ) Tj ET Q q 0 0 0 rg BT 510.62 378.25 Td (that ) Tj ET Q q 0 0 0 rg BT 528.55 378.25 Td (data ) Tj ET Q q 0 0 0 rg BT 548.14 378.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 95.85 366.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.70 366.25 Td (from ) Tj ET Q q 0 0 0 rg BT 138.66 366.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 163.96 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.26 366.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 199.56 366.25 Td (once ) Tj ET Q q 0 0 0 rg BT 220.96 366.25 Td (an ) Tj ET Q q 0 0 0 rg BT 232.92 366.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 258.78 366.25 Td (data ) Tj ET Q q 0 0 0 rg BT 277.95 366.25 Td (entry ) Tj ET Q q 0 0 0 rg BT 301.02 366.25 Td (has ) Tj ET Q q 0 0 0 rg BT 316.88 366.25 Td (been ) Tj ET Q q 0 0 0 rg BT 338.28 366.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 364.96 366.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 383.03 366.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 426.10 366.25 Td (include ) Tj ET Q q 0 0 0 rg BT 458.06 366.25 Td (many ) Tj ET Q q 0 0 0 rg BT 482.80 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.65 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.39 366.25 Td (top ) Tj ET Q q 0 0 0 rg BT 523.70 366.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 354.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 104.42 354.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 130.80 354.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 176.06 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.34 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.05 354.25 Td (world.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 332.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.17 332.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 158.11 332.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 192.38 332.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 229.44 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.84 332.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 264.12 332.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.74 332.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 318.80 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.21 332.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 358.47 332.25 Td (paper) Tj ET Q q 0 0 0 rg BT 380.48 332.25 Td (-based ) Tj ET Q q 0 0 0 rg BT 409.20 332.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 450.14 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.20 332.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 504.80 332.25 Td (improvements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.00 320.25 Td (ef) Tj ET Q q 0 0 0 rg BT 67.59 320.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 102.02 320.25 Td (both ) Tj ET Q q 0 0 0 rg BT 122.02 320.25 Td (at ) Tj ET Q q 0 0 0 rg BT 131.47 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.91 320.25 Td (back-end ) Tj ET Q q 0 0 0 rg BT 184.78 320.25 Td (side ) Tj ET Q q 0 0 0 rg BT 203.11 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.78 320.25 Td (also ) Tj ET Q q 0 0 0 rg BT 238.11 320.25 Td (at ) Tj ET Q q 0 0 0 rg BT 247.55 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.00 320.25 Td (consumer) Tj ET Q q 0 0 0 rg BT 300.67 320.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 320.67 320.25 Td (side, ) Tj ET Q q 0 0 0 rg BT 341.50 320.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 382.06 320.25 Td (both ) Tj ET Q q 0 0 0 rg BT 402.07 320.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 442.61 320.25 Td (carriers ) Tj ET Q q 0 0 0 rg BT 474.81 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.47 320.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 532.01 320.25 Td (brokers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 308.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 100.91 308.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 134.98 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.16 308.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 183.11 308.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.86 308.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.26 308.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 262.54 308.25 Td (products ) Tj ET Q q 0 0 0 rg BT 299.94 308.25 Td (are ) Tj ET Q q 0 0 0 rg BT 315.12 308.25 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 363.36 308.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 418.52 308.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 454.25 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.43 308.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 510.72 308.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 546.46 308.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.84 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.03 296.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 142.74 296.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 187.36 296.25 Td (change ) Tj ET Q q 0 0 0 rg BT 218.08 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.93 296.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 275.09 296.25 Td (ef) Tj ET Q q 0 0 0 rg BT 282.68 296.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 323.40 296.25 Td (through ) Tj ET Q q 0 0 0 rg BT 356.92 296.25 Td (online ) Tj ET Q q 0 0 0 rg BT 384.32 296.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 428.38 296.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.11 296.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 473.17 296.25 Td (paper) Tj ET Q q 0 0 0 rg BT 495.18 296.25 Td (-based ) Tj ET Q q 0 0 0 rg BT 523.68 296.25 Td (processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 284.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 106.64 284.25 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 158.01 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.95 284.25 Td (norm ) Tj ET Q q 0 0 0 rg BT 188.56 284.25 Td (across ) Tj ET Q q 0 0 0 rg BT 216.05 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.77 284.25 Td (world ) Tj ET Q q 0 0 0 rg BT 256.60 284.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 297.41 284.25 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 262.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 152.70 262.25 Td (focuses ) Tj ET Q q 0 0 0 rg BT 184.19 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.69 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.62 262.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 230.88 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.71 262.25 Td (key ) Tj ET Q q 0 0 0 rg BT 256.65 262.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 297.58 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.86 262.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 340.02 262.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.28 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.22 262.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.70 262.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 486.11 262.25 Td (These ) Tj ET Q q 0 0 0 rg BT 511.48 262.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 92.60 250.25 Td (include ) Tj ET Q q 0 0 0 rg BT 125.21 250.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 185.58 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.08 250.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 231.90 250.25 Td (growth, ) Tj ET Q q 0 0 0 rg BT 265.90 250.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 306.84 250.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 341.94 250.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 382.88 250.25 Td (mar) Tj ET Q q 0 0 0 rg BT 398.24 250.25 Td (gin, ) Tj ET Q q 0 0 0 rg BT 416.69 250.25 Td (income ) Tj ET Q q 0 0 0 rg BT 449.30 250.25 Td (from ) Tj ET Q q 0 0 0 rg BT 471.91 250.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 517.85 250.25 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 79.38 238.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 114.86 238.25 Td (per ) Tj ET Q q 0 0 0 rg BT 129.24 238.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 154.44 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.49 238.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 189.86 238.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 227.02 238.25 Td (by ) Tj ET Q q 0 0 0 rg BT 238.62 238.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 277.99 238.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 318.08 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 326.72 238.25 Td (e ) Tj ET Q q 0 0 0 rg BT 332.76 238.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 366.04 238.25 Td (these ) Tj ET Q q 0 0 0 rg BT 388.19 238.25 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 431.73 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.11 238.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 489.93 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 509.32 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.25 238.25 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 98.58 226.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 139.12 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.39 226.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 177.99 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 195.49 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.32 226.25 Td (business ) Tj ET Q q 0 0 0 rg BT 247.71 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 256.88 226.25 Td (ef) Tj ET Q q 0 0 0 rg BT 264.47 226.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 300.29 226.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 338.88 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.82 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 373.32 226.25 Td (ef) Tj ET Q q 0 0 0 rg BT 380.90 226.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 410.61 226.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 445.32 226.25 Td (are ) Tj ET Q q 0 0 0 rg BT 460.03 226.25 Td (maintained.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 204.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.05 204.25 Td (key ) Tj ET Q q 0 0 0 rg BT 133.99 204.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 187.01 204.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 228.94 204.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.10 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.82 204.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 286.97 204.25 Td (months ) Tj ET Q q 0 0 0 rg BT 318.92 204.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.30 204.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 403.88 204.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.88 204.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.88 204.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.88 204.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.38 204.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.32 204.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.32 204.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.82 204.25 Td (were ) Tj ET Q q 0 0 0 rg BT 512.75 204.25 Td (as ) Tj ET Q q 0 0 0 rg BT 523.58 204.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 157.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 157.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 157.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 157.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 157.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 157.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 157.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 129.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 129.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 129.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 129.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 129.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 129.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 129.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 101.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 101.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 101.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 101.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 101.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 101.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 101.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 73.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 73.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 73.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 73.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 73.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 73.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 73.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 170.75 m 424.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 170.75 m 428.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 170.75 m 493.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 170.75 m 497.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 170.75 m 562.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 157.75 m 355.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 157.75 m 424.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 157.75 m 493.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 157.75 m 562.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 157.75 m 424.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 157.75 m 493.5 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 157.75 m 562.5 157.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 184.48 Td (Key Performance Indicators) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.45 174.48 Td (T) Tj ET Q q 0 0 0 rg BT 388.38 174.48 Td (welve Months Ended December) Tj ET Q q 0 0 0 rg BT 523.46 174.48 Td ( 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 161.48 Td (\(Dollar amounts in thousands except per share data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 161.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 161.48 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 161.48 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 148.32 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 148.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 148.32 Td (298,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 148.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 148.32 Td (265,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 148.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 148.32 Td (214,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.32 Td (Revenue growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 134.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 134.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 134.32 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 134.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 134.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 134.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 120.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 120.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 120.32 Td (100,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 120.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 120.32 Td (88,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 120.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 120.32 Td (79,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 106.32 Td (Operating margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 106.32 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 106.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 106.32 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 106.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 106.32 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 106.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 92.32 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 92.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 92.32 Td (93,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 92.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 92.32 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 92.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 92.32 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 78.32 Td (Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 78.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 78.32 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 78.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 78.32 Td (2.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 78.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 78.32 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 64.32 Td (Cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 64.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 64.32 Td (83,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 64.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 64.32 Td (48,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 64.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 64.32 Td (58,510) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 61 0 obj <>] /Rotate 0 /Contents 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655.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.15 655.48 Td (214,321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 642.43 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.32 Td (Costs of services provided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 628.32 Td (85,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 628.32 Td (72,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 628.32 Td (47,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.32 Td (Product development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 614.32 Td (32,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 614.32 Td (30,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 614.32 Td (26,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.32 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 600.32 Td (17,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 600.32 Td (14,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 600.32 Td 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354.15 545.48 Td (100,281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 545.48 Td (88,714) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.15 545.48 Td (79,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.32 Td (Interest income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 532.37 Td (\(5,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 532.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.80 532.37 Td (\(4,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 532.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 532.37 Td (\(2,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 532.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.32 Td (Non-operating income, gain on joint venture investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 518.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 518.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 518.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.32 Td 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ET q 0 0 0 rg BT 472.00 435.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.15 435.48 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.32 Td (Net income attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 422.32 Td (447) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 422.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 422.48 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 422.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 422.48 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 409.48 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.00 409.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 409.48 Td (93,847) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 409.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 409.48 Td (79,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 409.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.15 409.48 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (TWEL) Tj ET Q q 0 0 0 rg BT 79.09 384.25 Td (VE ) Tj ET Q q 0 0 0 rg BT 95.48 384.25 Td (MONTHS ) Tj ET Q q 0 0 0 rg BT 142.43 384.25 Td (ENDED ) Tj ET Q q 0 0 0 rg BT 179.94 384.25 Td (DECEMBER ) Tj ET Q q 0 0 0 rg BT 240.22 384.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.22 384.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 277.17 384.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 301.33 384.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 362.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.61 340.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.57 340.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 188.51 340.25 Td (its ) Tj ET Q q 0 0 0 rg BT 200.03 340.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.64 340.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.92 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 298.42 340.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 349.37 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.87 340.25 Td (support ) Tj ET Q q 0 0 0 rg BT 397.94 340.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 434.72 340.25 Td (which ) Tj ET Q q 0 0 0 rg BT 461.22 340.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 496.61 340.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 547.57 340.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.09 328.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 114.41 328.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 157.18 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.18 328.25 Td (services ) Tj ET Q q 0 0 0 rg BT 201.61 328.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 241.03 328.25 Td (over ) Tj ET Q q 0 0 0 rg BT 261.02 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.57 328.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 320.44 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.99 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 352.65 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.71 328.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 385.69 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.91 328.25 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 430.96 328.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 464.82 328.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 505.91 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 527.57 328.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.45 316.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 136.91 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.15 316.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 196.04 316.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 213.94 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.40 316.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 273.37 316.25 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 340.43 316.25 Td (training, ) Tj ET Q q 0 0 0 rg BT 375.84 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.08 316.25 Td (project ) Tj ET Q q 0 0 0 rg BT 421.64 316.25 Td (management ) Tj ET Q q 0 0 0 rg BT 474.53 316.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 511.88 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.46 316.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (using ) Tj ET Q q 0 0 0 rg BT 73.59 304.25 Td (our ) Tj ET Q q 0 0 0 rg BT 88.84 304.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 124.93 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.29 304.25 Td (business ) Tj ET Q q 0 0 0 rg BT 177.11 304.25 Td (process ) Tj ET Q q 0 0 0 rg BT 209.02 304.25 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 258.16 304.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 294.22 304.25 Td (Ebix) Tj ET Q q 0 0 0 rg BT 315.89 304.25 Td (s ) Tj ET Q q 0 0 0 rg BT 321.70 304.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 355.27 304.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 387.74 304.25 Td (come ) Tj ET Q q 0 0 0 rg BT 411.31 304.25 Td (from ) Tj ET Q q 0 0 0 rg BT 432.67 304.25 Td (four ) Tj ET Q q 0 0 0 rg BT 451.25 304.25 Td (product ) Tj ET Q q 0 0 0 rg BT 483.72 304.25 Td (channels. ) Tj ET Q q 0 0 0 rg BT 523.13 304.25 Td (Presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.18 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.79 292.25 Td (table ) Tj ET Q q 0 0 0 rg BT 96.62 292.25 Td (below ) Tj ET Q q 0 0 0 rg BT 123.46 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 132.52 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.14 292.25 Td (breakout ) Tj ET Q q 0 0 0 rg BT 184.52 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.25 292.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.98 292.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 248.91 292.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.97 292.25 Td (each ) Tj ET Q q 0 0 0 rg BT 283.68 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.41 292.25 Td (those ) Tj ET Q q 0 0 0 rg BT 317.92 292.25 Td (product ) Tj ET Q q 0 0 0 rg BT 350.86 292.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 388.24 292.25 Td (for ) Tj ET Q q 0 0 0 rg BT 402.30 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.91 292.25 Td (years ) Tj ET Q q 0 0 0 rg BT 440.41 292.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.68 292.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.17 292.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.17 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 292.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 280.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 233.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 233.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 233.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 233.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 233.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 205.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 205.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 177.75 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 177.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 177.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 177.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 177.75 56.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.75 m 488.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 246.75 m 492.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 246.75 m 548.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 233.75 m 428.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.75 m 488.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 233.75 m 488.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 246.75 m 548.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 233.75 m 548.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 233.75 m 488.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 233.75 m 548.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 177.75 m 488.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 177.75 m 548.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 165.75 m 488.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 163.75 m 488.5 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 165.75 m 548.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 163.75 m 548.5 163.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.25 260.48 Td (For) Tj ET Q q 0 0 0 rg BT 463.62 260.48 Td ( the ) Tj ET Q q 0 0 0 rg BT 481.58 260.48 Td (Y) Tj ET Q q 0 0 0 rg BT 487.69 260.48 Td (ear) Tj ET Q q 0 0 0 rg BT 501.38 260.48 Td ( Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.90 250.48 Td (December) Tj ET Q q 0 0 0 rg BT 504.02 250.48 Td ( 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 237.48 Td (\(dollar amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 237.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 237.48 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 224.32 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 224.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 224.32 Td (206,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 224.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 224.32 Td (190,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.32 Td (Broker P&C Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 210.32 Td (14,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 210.32 Td (14,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.32 Td (Risk Compliance Solutions \(RCS\), fka Business Process Outsourcing \(BPO\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 196.32 Td (74,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 196.32 Td (55,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (Carrier P& C Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 182.32 Td (3,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 182.32 Td (4,338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 168.48 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 168.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 168.48 Td (298,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 168.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.15 168.48 Td (265,482) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 143.25 Td (During ) Tj ET Q q 0 0 0 rg BT 129.83 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.55 143.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 173.71 143.25 Td (months ) Tj ET Q q 0 0 0 rg BT 205.67 143.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.05 143.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 290.63 143.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.63 143.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.14 143.25 Td (our ) Tj ET Q q 0 0 0 rg BT 328.97 143.25 Td (total ) Tj ET Q q 0 0 0 rg BT 349.25 143.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.40 143.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 143.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.66 143.25 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 448.66 143.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.55 143.25 Td (, ) Tj ET Q q 0 0 0 rg BT 482.56 143.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.39 143.25 Td (12.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.22 143.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.22 143.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.51 143.25 Td ($298.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.55 131.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 123.64 131.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.08 131.25 Td ($265.5 ) Tj ET Q q 0 0 0 rg BT 164.24 131.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.13 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.79 131.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.23 131.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.23 131.25 Td (. ) Tj ET Q q 0 0 0 rg BT 231.20 131.25 Td (The ) Tj ET Q q 0 0 0 rg BT 249.41 131.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.96 131.25 Td (leverages ) Tj ET Q q 0 0 0 rg BT 331.37 131.25 Td (product ) Tj ET Q q 0 0 0 rg BT 364.58 131.25 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 417.79 131.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 473.22 131.25 Td (across ) Tj ET Q q 0 0 0 rg BT 500.87 131.25 Td (all ) Tj ET Q q 0 0 0 rg BT 513.53 131.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 553.67 131.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 92.36 119.25 Td (by ) Tj ET Q q 0 0 0 rg BT 104.75 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 120.47 119.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.63 119.25 Td (philosophy ) Tj ET Q q 0 0 0 rg BT 207.46 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.29 119.25 Td (business ) Tj ET Q q 0 0 0 rg BT 260.57 119.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 306.84 119.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 337.85 119.25 Td (. ) Tj ET Q q 0 0 0 rg BT 342.56 119.25 Td (W) Tj ET Q q 0 0 0 rg BT 351.60 119.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 364.55 119.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 395.25 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.42 119.25 Td (business ) Tj ET Q q 0 0 0 rg BT 441.70 119.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 491.86 119.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 535.90 119.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 107.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 88.66 107.25 Td (years ) Tj ET Q q 0 0 0 rg BT 112.15 107.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 134.54 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.37 107.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 173.76 107.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.16 107.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.99 107.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 208.71 107.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 234.98 107.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 259.87 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 270.60 107.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 310.21 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.38 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.99 107.25 Td (table ) Tj ET Q q 0 0 0 rg BT 356.81 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.98 107.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 388.81 107.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 396.21 107.25 Td (Pro ) Tj ET Q q 0 0 0 rg BT 416.93 107.25 Td (Forma ) Tj ET Q q 0 0 0 rg BT 445.43 107.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 485.03 107.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 539.63 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 107.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (enclosed ) Tj ET Q q 0 0 0 rg BT 87.13 95.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 142.05 95.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 181.41 95.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 229.94 95.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 271.52 95.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 286.99 95.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 313.02 95.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 350.70 95.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 95.25 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 415.24 95.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.14 95.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.28 95.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.76 95.25 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.59 95.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.73 95.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.66 95.25 Td ($315.8 ) Tj ET Q q 0 0 0 rg BT 519.30 95.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.20 95.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.34 95.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 83.25 Td (year ) Tj ET Q q 0 0 0 rg BT 82.82 83.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 104.52 83.25 Td (from ) Tj ET Q q 0 0 0 rg BT 125.66 83.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.58 83.25 Td ($295.3 ) Tj ET Q q 0 0 0 rg BT 168.77 83.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.67 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.37 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.39 83.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 224.42 83.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 250.00 83.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 283.34 83.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.70 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.62 83.25 Td (year ) Tj ET Q q 0 0 0 rg BT 329.53 83.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 353.73 83.25 Td (with ) Tj ET Q q 0 0 0 rg BT 373.20 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.12 83.25 Td (change ) Tj ET Q q 0 0 0 rg BT 417.13 83.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.61 83.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.06 83.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 486.64 83.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 526.66 83.25 Td (af) Tj ET Q q 0 0 0 rg BT 534.24 83.25 Td 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0 0 0 rg BT 478.22 71.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 530.08 71.25 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.79 59.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 92.24 59.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.15 59.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.61 59.25 Td (dif) Tj ET Q q 0 0 0 rg BT 131.54 59.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 163.20 59.25 Td (between ) Tj ET Q q 0 0 0 rg BT 198.76 59.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.22 59.25 Td (12.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.05 59.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.30 59.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 276.29 59.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.32 59.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 321.88 59.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 344.12 59.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 378.01 59.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 405.81 59.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 428.06 59.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 464.45 59.25 Td (as ) Tj ET Q q 0 0 0 rg BT 475.02 59.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.69 59.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.71 59.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.18 59.25 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.22 47.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.47 47.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 117.93 47.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 133.73 47.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 160.08 47.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 188.09 47.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 210.56 47.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 226.36 47.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 252.70 47.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.82 47.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.95 47.25 Td (due ) Tj ET Q q 0 0 0 rg BT 312.86 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.10 47.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.79 47.25 Td (ef) Tj ET Q q 0 0 0 rg BT 345.38 47.25 Td (fect 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BT 125.93 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 132.56 730.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 141.77 730.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 169.32 730.10 Td (Health, ) Tj ET Q q 0 0 0 rg BT 200.47 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.91 730.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 231.14 730.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 266.48 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.47 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 288.25 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.47 730.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 349.04 730.10 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 398.81 730.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 444.82 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.36 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 484.36 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.80 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 522.80 730.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 538.12 730.10 Td (forma ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.12 718.10 Td 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(2016 ) Tj ET Q q 0 0 0 rg BT 165.55 706.10 Td (only ) Tj ET Q q 0 0 0 rg BT 185.00 706.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 220.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.90 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.33 706.10 Td (results ) Tj ET Q q 0 0 0 rg BT 301.12 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.23 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.12 706.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 380.02 706.10 Td (since ) Tj ET Q q 0 0 0 rg BT 402.24 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.13 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 423.72 706.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 452.60 706.10 Td (date ) Tj ET Q q 0 0 0 rg BT 470.93 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.60 706.10 Td (they ) Tj ET Q q 0 0 0 rg BT 506.49 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 527.59 706.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 694.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 86.39 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.33 694.10 Td (thusly ) Tj ET Q q 0 0 0 rg BT 130.28 694.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 166.11 694.10 Td (only ) Tj ET Q q 0 0 0 rg BT 186.39 694.10 Td (two ) Tj ET Q q 0 0 0 rg BT 203.89 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 235.84 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.68 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.00 694.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 275.38 694.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 313.99 694.10 Td (em ) Tj ET Q q 0 0 0 rg BT 328.53 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 333.94 694.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 380.31 694.10 Td (SA, ) Tj ET Q q 0 0 0 rg BT 398.10 694.10 Td (two ) Tj ET Q q 0 0 0 rg BT 415.60 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 447.55 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.38 694.10 Td (Hope, ) Tj ET Q q 0 0 0 rg BT 485.05 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.99 694.10 Td (six ) Tj ET Q q 0 0 0 rg BT 516.16 694.10 Td (full ) Tj ET Q q 0 0 0 rg BT 532.55 694.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.13 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.14 682.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 124.48 682.10 Td (JV) Tj ET Q q 0 0 0 rg BT 134.31 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.60 682.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 176.18 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.47 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 682.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 219.29 682.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 235.42 682.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 262.09 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.87 682.10 Td (information ) Tj ET Q q 0 0 0 rg BT 349.88 682.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 386.00 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.24 682.10 Td (full ) Tj ET Q q 0 0 0 rg BT 409.92 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 429.93 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.05 682.10 Td (results ) Tj ET Q q 0 0 0 rg BT 469.96 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.22 682.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 510.89 682.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 549.80 682.10 Td (em ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 670.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 101.90 670.10 Td (SA, ) Tj ET Q q 0 0 0 rg BT 119.79 670.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 144.07 670.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 173.34 670.10 Td (\("Hope"\), ) Tj ET Q q 0 0 0 rg BT 214.94 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.77 670.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 277.93 670.10 Td (JV) Tj ET Q q 0 0 0 rg BT 287.75 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 292.68 670.10 Td (V) Tj ET Q q 0 0 0 rg BT 299.30 670.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 309.13 670.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 337.29 670.10 Td (Health, ) Tj ET Q q 0 0 0 rg BT 369.06 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.11 670.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 400.96 670.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 436.92 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 447.86 670.10 Td (if ) Tj ET Q q 0 0 0 rg BT 456.58 670.10 Td (they ) Tj ET Q q 0 0 0 rg BT 476.42 670.10 Td (had ) Tj ET Q q 0 0 0 rg BT 493.47 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 514.96 670.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 552.00 670.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.59 658.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 93.57 658.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 118.56 658.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 153.81 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.51 658.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 215.58 658.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 251.38 658.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 288.85 658.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 333.55 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.70 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.40 658.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 384.89 658.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 420.71 658.10 Td (only ) Tj ET Q q 0 0 0 rg BT 440.97 658.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 455.68 658.10 Td (months ) Tj ET Q q 0 0 0 rg BT 487.61 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.43 658.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 535.90 658.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.77 646.10 Td (V) Tj ET Q q 0 0 0 rg BT 70.39 646.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 79.89 646.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 107.71 646.10 Td (Health, ) Tj ET Q q 0 0 0 rg BT 139.14 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.86 646.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 180.90 646.10 Td (months ) Tj ET Q q 0 0 0 rg BT 212.63 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.57 646.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 241.07 646.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 279.19 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.91 646.10 Td (no ) Tj ET Q q 0 0 0 rg BT 308.18 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.44 646.10 Td (results ) Tj ET Q q 0 0 0 rg BT 373.83 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.60 646.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 413.75 646.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 452.14 646.10 Td (em ) Tj ET Q q 0 0 0 rg BT 466.47 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 471.88 646.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 518.03 646.10 Td (SA, ) Tj ET Q q 0 0 0 rg BT 535.59 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.86 646.10 Td (Hope, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 634.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 129.70 634.10 Td (JV) Tj ET Q q 0 0 0 rg BT 139.52 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 600.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 600.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 119.88 600.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 146.25 600.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 180.97 600.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.14 600.10 Td (based ) Tj ET Q q 0 0 0 rg BT 215.41 600.10 Td (on ) Tj ET Q q 0 0 0 rg BT 227.91 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.63 600.10 Td (following ) Tj ET Q q 0 0 0 rg BT 284.01 600.10 Td (premises:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 578.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 578.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 157.83 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.10 578.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 197.93 578.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 214.09 578.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 240.79 578.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.27 578.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 311.42 578.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.13 578.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.60 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.76 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.81 578.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 436.06 578.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 467.77 578.10 Td (before ) Tj ET Q q 0 0 0 rg BT 496.14 578.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 542.85 578.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.79 566.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 183.57 566.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.03 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.71 566.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 244.21 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.00 566.10 Td (well ) Tj ET Q q 0 0 0 rg BT 276.68 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.47 566.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 315.81 566.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.91 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.70 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 566.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 416.27 566.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 448.61 566.10 Td (after ) Tj ET Q q 0 0 0 rg BT 470.39 566.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 520.23 566.10 Td (Growth ) Tj ET Q q 0 0 0 rg BT 554.24 566.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 554.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 172.50 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.79 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.97 554.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.35 554.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 264.19 554.10 Td (after ) Tj ET Q q 0 0 0 rg BT 284.47 554.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 330.31 554.10 Td (date ) Tj ET Q q 0 0 0 rg BT 348.93 554.10 Td (are ) Tj ET Q q 0 0 0 rg BT 363.09 554.10 Td (only ) Tj ET Q q 0 0 0 rg BT 382.83 554.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 419.76 554.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.38 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.56 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 475.07 554.10 Td (after ) Tj ET Q q 0 0 0 rg BT 495.34 554.10 Td (their ) Tj ET Q q 0 0 0 rg BT 515.63 554.10 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 542.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 542.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 171.55 542.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 195.88 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.22 542.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 238.45 542.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 266.12 542.10 Td (from ) Tj ET Q q 0 0 0 rg BT 287.12 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 542.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 323.01 542.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 351.24 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 542.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 397.12 542.10 Td (products ) Tj ET Q q 0 0 0 rg BT 433.12 542.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.01 542.10 Td (been ) Tj ET Q q 0 0 0 rg BT 468.45 542.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 504.45 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.79 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 542.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 530.10 Td (section ) Tj ET Q q 0 0 0 rg BT 165.83 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.66 530.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.49 530.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 518.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 154.57 518.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 188.57 518.10 Td (products ) Tj ET Q q 0 0 0 rg BT 225.36 518.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 244.37 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.49 518.10 Td (new ) Tj ET Q q 0 0 0 rg BT 273.50 518.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 316.39 518.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 353.15 518.10 Td (through ) Tj ET Q q 0 0 0 rg BT 386.61 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.17 518.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 447.39 518.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 486.39 518.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 509.00 518.10 Td (has ) Tj ET Q q 0 0 0 rg BT 524.68 518.10 Td (also ) Tj ET Q q 0 0 0 rg BT 543.13 518.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 506.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 171.94 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.22 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 506.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.86 506.10 Td (section ) Tj ET Q q 0 0 0 rg BT 264.68 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.51 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.34 506.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 494.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 494.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 157.73 494.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 173.80 494.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 200.41 494.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 238.68 494.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.85 494.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 309.12 494.10 Td (from ) Tj ET Q q 0 0 0 rg BT 331.29 494.10 Td (some ) Tj ET Q q 0 0 0 rg BT 355.14 494.10 Td (product ) Tj ET Q q 0 0 0 rg BT 388.42 494.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 410.04 494.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 438.33 494.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 456.61 494.10 Td (was ) Tj ET Q q 0 0 0 rg BT 474.89 494.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 528.73 494.10 Td (after ) Tj ET Q q 0 0 0 rg BT 549.78 494.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 482.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 182.08 482.10 Td (date ) Tj ET Q q 0 0 0 rg BT 201.92 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.56 482.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.29 482.10 Td (from ) Tj ET Q q 0 0 0 rg BT 280.92 482.10 Td (some ) Tj ET Q q 0 0 0 rg BT 305.22 482.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 348.96 482.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 377.71 482.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.99 482.10 Td (were ) Tj ET Q q 0 0 0 rg BT 439.61 482.10 Td (discontinued. ) Tj ET Q q 0 0 0 rg BT 496.18 482.10 Td (This ) Tj ET Q q 0 0 0 rg BT 517.15 482.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.02 482.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 470.10 Td (done ) Tj ET Q q 0 0 0 rg BT 156.94 470.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.10 470.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.69 470.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 213.39 470.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 241.44 470.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 291.14 470.10 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 446.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.07 446.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 135.80 446.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.76 446.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 209.50 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.35 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.09 446.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 278.36 446.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 300.76 446.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.94 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.68 446.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 364.08 446.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 408.69 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.99 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.73 446.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 475.90 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.21 446.10 Td (which ) Tj ET Q q 0 0 0 rg BT 515.17 446.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.35 446.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.50 434.10 Td (also ) Tj ET Q q 0 0 0 rg BT 111.45 434.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 146.61 434.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 186.76 434.10 Td (af) Tj ET Q q 0 0 0 rg BT 194.35 434.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 220.62 434.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 255.77 434.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 295.65 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.49 434.10 Td (During ) Tj ET Q q 0 0 0 rg BT 327.66 434.10 Td (each ) Tj ET Q q 0 0 0 rg BT 347.82 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.99 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.05 434.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.99 434.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.99 434.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.33 434.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.33 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.17 434.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 434.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.45 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.29 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.34 434.10 Td (change ) Tj ET Q q 0 0 0 rg BT 523.50 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.12 434.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 86.83 422.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 126.43 422.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 147.16 422.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 188.42 422.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 223.58 422.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 275.98 422.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 315.59 422.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 352.98 422.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.83 422.10 Td ($\(3.3\) ) Tj ET Q q 0 0 0 rg BT 390.83 422.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.73 422.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.08 422.10 Td ($\(10.7\) ) Tj ET Q q 0 0 0 rg BT 455.09 422.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.98 422.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.33 422.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.62 422.10 Td ($\(3.2\) ) Tj ET Q q 0 0 0 rg BT 530.63 422.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 422.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 410.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 388.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 101.64 388.10 Td (components ) Tj ET Q q 0 0 0 rg BT 152.47 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.30 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 179.13 388.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 213.27 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.21 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.93 388.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 279.63 388.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 330.43 388.10 Td (during ) Tj ET Q q 0 0 0 rg BT 359.04 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.76 388.10 Td (past ) Tj ET Q q 0 0 0 rg BT 392.37 388.10 Td (year ) Tj ET Q q 0 0 0 rg BT 412.08 388.10 Td (are ) Tj ET Q q 0 0 0 rg BT 426.78 388.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 467.61 388.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 520.10 388.10 Td (below) Tj ET Q q 0 0 0 rg BT 543.89 388.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 364.7669921875 m 138.423828125 364.7669921875 l s q 0 0 0 rg BT 99.00 366.10 Td (Exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.42 366.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.86 366.10 Td (division ) Tj ET Q q 0 0 0 rg BT 175.52 366.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.49 366.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 253.68 366.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.12 366.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 291.05 366.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.95 366.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.88 366.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 366.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.98 366.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.91 366.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 399.67 366.10 Td (due ) Tj ET Q q 0 0 0 rg BT 416.54 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.76 366.10 Td (new ) Tj ET Q q 0 0 0 rg BT 445.85 366.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.04 366.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 514.58 366.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 554.23 366.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 354.10 Td (US ) Tj ET Q q 0 0 0 rg BT 79.94 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.84 354.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 130.69 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.60 354.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 170.62 354.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 199.75 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.55 354.10 Td (products ) Tj ET Q q 0 0 0 rg BT 247.45 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.36 354.10 Td (services ) Tj ET Q q 0 0 0 rg BT 299.04 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.28 354.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 343.42 354.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 371.99 354.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.79 354.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 425.23 354.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.70 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.38 354.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 474.85 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.76 354.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 514.23 354.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 342.10 Td (V) Tj ET Q q 0 0 0 rg BT 67.27 342.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 76.99 342.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 105.03 342.10 Td (Health.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 318.7669921875 m 185.4404296875 318.7669921875 l s q 0 0 0 rg BT 99.00 320.10 Td (Broker ) Tj ET Q q 0 0 0 rg BT 129.43 320.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 152.10 320.10 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.44 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.10 320.10 Td (division ) Tj ET Q q 0 0 0 rg BT 222.99 320.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 257.30 320.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 299.37 320.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.03 320.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 332.19 320.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.08 320.10 Td (, ) Tj ET Q q 0 0 0 rg BT 366.25 320.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.24 320.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.57 320.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.73 320.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 441.71 320.10 Td (due ) Tj ET Q q 0 0 0 rg BT 458.81 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.25 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.13 320.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.71 320.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 513.25 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 320.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 68.29 308.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 118.80 308.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 160.42 308.10 Td (af) Tj ET Q q 0 0 0 rg BT 168.01 308.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 199.07 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.98 308.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 259.93 308.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 307.39 308.10 Td (During ) Tj ET Q q 0 0 0 rg BT 339.02 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.54 308.10 Td (past ) Tj ET Q q 0 0 0 rg BT 373.95 308.10 Td (two ) Tj ET Q q 0 0 0 rg BT 392.26 308.10 Td (years ) Tj ET Q q 0 0 0 rg BT 416.66 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.18 308.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 468.79 308.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 507.63 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.71 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.23 308.10 Td (Broker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 85.84 296.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 119.43 296.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.81 296.10 Td (been ) Tj ET Q q 0 0 0 rg BT 162.19 296.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 207.44 296.10 Td (due ) Tj ET Q q 0 0 0 rg BT 224.38 296.10 Td (essentially ) Tj ET Q q 0 0 0 rg BT 269.09 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.37 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.09 296.10 Td (ef) Tj ET Q q 0 0 0 rg BT 301.67 296.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 323.05 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.88 296.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 373.04 296.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 410.51 296.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 450.77 296.10 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 272.7669921875 m 207.455078125 272.7669921875 l s q 0 0 0 rg BT 99.00 274.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 119.34 274.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 169.67 274.10 Td (Solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.46 274.10 Td (division ) Tj ET Q q 0 0 0 rg BT 243.69 274.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 281.23 274.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 320.99 274.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.99 274.10 Td ($18.3 ) Tj ET Q q 0 0 0 rg BT 357.49 274.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.38 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.89 274.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.22 274.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.55 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.06 274.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 463.27 274.10 Td (due ) Tj ET Q q 0 0 0 rg BT 479.71 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.49 274.10 Td (new ) Tj ET Q q 0 0 0 rg BT 508.16 274.10 Td (e-governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.64 262.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 132.83 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.72 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.15 262.10 Td (Indian ) Tj ET Q q 0 0 0 rg BT 198.80 262.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 246.05 262.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 290.82 262.10 Td (service ) Tj ET Q q 0 0 0 rg BT 322.24 262.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.88 262.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 402.84 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 415.94 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.26 262.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 454.36 262.10 Td (business ) Tj ET Q q 0 0 0 rg BT 491.36 262.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 538.34 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.77 262.10 Td (PB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 88.34 250.10 Td (November ) Tj ET Q q 0 0 0 rg BT 133.05 250.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 155.55 250.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 201.93 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.58 250.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 238.96 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.89 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.61 250.10 Td (full ) Tj ET Q q 0 0 0 rg BT 287.00 250.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 343.38 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.21 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.93 250.10 Td (Ebix/IHC ) Tj ET Q q 0 0 0 rg BT 410.31 250.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 431.15 250.10 Td (venture. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 226.76699218750002 m 185.03759765625 226.76699218750002 l s q 0 0 0 rg BT 99.00 228.10 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 128.77 228.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 150.24 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.70 228.10 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.50 228.10 Td (division ) Tj ET Q q 0 0 0 rg BT 220.18 228.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 257.17 228.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 298.05 228.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 228.10 Td ($772 ) Tj ET Q q 0 0 0 rg BT 330.96 228.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.07 228.10 Td (, ) Tj ET Q q 0 0 0 rg BT 371.03 228.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.81 228.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.14 228.10 Td (. ) Tj ET Q q 0 0 0 rg BT 403.10 228.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 443.44 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.67 228.10 Td (this ) Tj ET Q q 0 0 0 rg BT 468.58 228.10 Td (division ) Tj ET Q q 0 0 0 rg BT 502.26 228.10 Td (have ) Tj ET Q q 0 0 0 rg BT 522.60 228.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.61 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.33 216.10 Td (last ) Tj ET Q q 0 0 0 rg BT 109.71 216.10 Td (two ) Tj ET Q q 0 0 0 rg BT 127.21 216.10 Td (years ) Tj ET Q q 0 0 0 rg BT 150.81 216.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.75 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.47 216.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 229.96 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.79 216.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 270.49 216.10 Td (lar) Tj ET Q q 0 0 0 rg BT 280.85 216.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 292.79 216.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 326.95 216.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 364.44 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.72 216.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 416.64 216.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 468.01 216.10 Td (service ) Tj ET Q q 0 0 0 rg BT 498.83 216.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 74.73 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.56 194.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 121.94 194.10 Td (Provided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 172.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 123.73 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.57 172.10 Td (services ) Tj ET Q q 0 0 0 rg BT 169.28 172.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 209.83 172.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.77 172.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 272.59 172.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.10 172.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 338.69 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 358.97 172.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 398.13 172.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 433.13 172.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 479.80 172.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 547.57 172.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (training ) Tj ET Q q 0 0 0 rg BT 84.36 160.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.32 160.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.07 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.32 160.10 Td ($12.7 ) Tj ET Q q 0 0 0 rg BT 189.08 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.97 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.22 160.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.81 160.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.14 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.89 160.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.58 160.10 Td ($72.4 ) Tj ET Q q 0 0 0 rg BT 305.34 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.23 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.48 160.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.51 160.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.51 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.77 160.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.80 160.10 Td ($85.1 ) Tj ET Q q 0 0 0 rg BT 408.55 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.44 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.70 160.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.73 160.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.73 160.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.48 160.10 Td (Correspondingly) Tj ET Q q 0 0 0 rg BT 544.05 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.80 160.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.64 148.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 121.80 148.10 Td (mar) Tj ET Q q 0 0 0 rg BT 137.17 148.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 153.00 148.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 195.47 148.10 Td (modestly ) Tj ET Q q 0 0 0 rg BT 235.20 148.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.69 148.10 Td (72.7 ) Tj ET Q q 0 0 0 rg BT 278.25 148.10 Td (% ) Tj ET Q q 0 0 0 rg BT 289.63 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.46 148.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 323.52 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.35 148.10 Td (71.7% ) Tj ET Q q 0 0 0 rg BT 363.24 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.07 148.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 399.63 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.46 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 421.07 148.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 456.88 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.71 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.98 148.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 530.62 148.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.67 148.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.58 136.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 120.49 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.53 136.10 Td (due ) Tj ET Q q 0 0 0 rg BT 144.34 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.49 136.10 Td (part ) Tj ET Q q 0 0 0 rg BT 170.41 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.55 136.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 220.91 136.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 263.66 136.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 309.19 136.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 347.22 136.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 381.09 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.90 136.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 435.47 136.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 456.28 136.10 Td (service ) Tj ET Q q 0 0 0 rg BT 485.96 136.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 499.54 136.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 520.91 136.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (with ) Tj ET Q q 0 0 0 rg BT 71.72 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.88 124.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 111.83 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.21 124.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 154.16 124.10 Td (business ) Tj ET Q q 0 0 0 rg BT 191.99 124.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 243.71 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.70 124.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 283.52 124.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 323.58 124.10 Td (em ) Tj ET Q q 0 0 0 rg BT 339.45 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 344.86 124.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 392.68 124.10 Td (SA, ) Tj ET Q q 0 0 0 rg BT 411.91 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.07 124.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 477.56 124.10 Td (JV) Tj ET Q q 0 0 0 rg BT 487.38 124.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.83 124.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 510.00 124.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 549.79 124.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.12 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.04 112.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 159.93 112.10 Td (software ) Tj ET Q q 0 0 0 rg BT 196.95 112.10 Td (development ) Tj ET Q q 0 0 0 rg BT 251.19 112.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 273.77 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.14 112.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 330.60 112.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.96 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.77 112.10 Td (Company) Tj ET Q q 0 0 0 rg BT 407.43 112.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.91 112.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 450.94 112.10 Td (development ) Tj ET Q q 0 0 0 rg BT 505.17 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.09 112.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.13 112.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 100.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 102.05 100.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 156.13 100.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 196.87 100.10 Td (data ) Tj ET Q q 0 0 0 rg BT 215.95 100.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 256.13 100.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 292.99 100.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 332.07 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.71 100.10 Td (London ) Tj ET Q q 0 0 0 rg BT 380.24 100.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 416.82 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.68 100.10 Td (finally ) Tj ET Q q 0 0 0 rg BT 462.21 100.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 502.39 100.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 542.01 100.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.47 88.10 Td (support ) Tj ET Q q 0 0 0 rg BT 93.17 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.08 88.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 144.11 88.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.34 88.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 223.90 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 246.03 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.06 88.10 Td (government ) Tj ET Q q 0 0 0 rg BT 312.51 88.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 339.09 88.10 Td (services ) Tj ET Q q 0 0 0 rg BT 373.99 88.10 Td (division ) Tj ET Q q 0 0 0 rg BT 408.91 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.38 88.10 Td (India. ) Tj ET Q q 0 0 0 rg BT 445.13 88.10 Td (During ) Tj ET Q q 0 0 0 rg BT 476.15 88.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 498.85 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.98 88.10 Td (through ) Tj ET Q q 0 0 0 rg BT 549.79 88.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (3rd ) Tj ET Q q 0 0 0 rg BT 65.00 76.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 94.98 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.97 76.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 126.64 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.52 76.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 166.62 76.10 Td (life ) Tj ET Q q 0 0 0 rg BT 181.61 76.10 Td (over ) Tj ET Q q 0 0 0 rg BT 201.04 76.10 Td (which ) Tj ET Q q 0 0 0 rg BT 227.15 76.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 256.02 76.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 300.99 76.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 345.42 76.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 378.74 76.10 Td (education ) Tj ET Q q 0 0 0 rg BT 419.28 76.10 Td (products ) Tj ET Q q 0 0 0 rg BT 455.38 76.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 477.05 76.10 Td (were ) Tj ET Q q 0 0 0 rg BT 498.14 76.10 Td (being ) Tj ET Q q 0 0 0 rg BT 522.02 76.10 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 64.10 Td (eighteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.42 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.41 64.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 137.36 64.10 Td (In ) Tj ET Q q 0 0 0 rg BT 147.68 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.89 64.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 188.33 64.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 218.64 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.96 64.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 250.95 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.17 64.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 317.70 64.10 Td (period ) Tj ET Q q 0 0 0 rg BT 345.24 64.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.89 64.10 Td (these ) Tj ET Q q 0 0 0 rg BT 381.44 64.10 Td (these ) Tj ET Q q 0 0 0 rg BT 403.98 64.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 425.97 64.10 Td (was ) Tj ET Q q 0 0 0 rg BT 443.52 64.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 474.39 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.16 64.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.60 64.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.14 64.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 528.67 64.10 Td (straight-) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.90 742.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 123.58 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.93 742.10 Td (additionally ) Tj ET Q q 0 0 0 rg BT 191.61 742.10 Td (now ) Tj ET Q q 0 0 0 rg BT 211.74 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 224.64 742.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 270.32 742.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 304.88 742.10 Td (education ) Tj ET Q q 0 0 0 rg BT 346.66 742.10 Td (products ) Tj ET Q q 0 0 0 rg BT 384.00 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 406.91 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.03 742.10 Td (being ) Tj ET Q q 0 0 0 rg BT 447.15 742.10 Td (capitalized. ) Tj ET Q q 0 0 0 rg BT 495.65 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 516.34 742.10 Td (change ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 72.30 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 89.79 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.62 730.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 138.11 730.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 173.92 730.10 Td (services ) Tj ET Q q 0 0 0 rg BT 208.63 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.57 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 248.61 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 271.11 730.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.61 730.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 303.61 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 85.28 708.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 141.65 708.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 686.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 132.77 686.10 Td (development ) Tj ET Q q 0 0 0 rg BT 187.09 686.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.85 686.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.60 686.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.27 686.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 286.43 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.32 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.48 686.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.48 686.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.81 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.97 686.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.07 686.10 Td ($30.7 ) Tj ET Q q 0 0 0 rg BT 397.24 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.13 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.79 686.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.23 686.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.23 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.90 686.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.34 686.10 Td ($33.0 ) Tj ET Q q 0 0 0 rg BT 497.50 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.40 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.06 686.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 686.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 686.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.90 674.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.56 674.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.81 674.10 Td (product ) Tj ET Q q 0 0 0 rg BT 148.71 674.10 Td (development ) Tj ET Q q 0 0 0 rg BT 202.71 674.10 Td (ef) Tj ET Q q 0 0 0 rg BT 210.30 674.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 230.98 674.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.54 674.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 278.99 674.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.34 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.91 674.10 Td (development ) Tj ET Q q 0 0 0 rg BT 359.92 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.60 674.10 Td (new ) Tj ET Q q 0 0 0 rg BT 389.61 674.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 442.51 674.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.52 674.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 497.19 674.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 532.02 674.10 Td (brokers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 662.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 100.32 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.67 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 662.10 Td (development ) Tj ET Q q 0 0 0 rg BT 190.37 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 662.10 Td (new ) Tj ET Q q 0 0 0 rg BT 223.19 662.10 Td (data ) Tj ET Q q 0 0 0 rg BT 243.76 662.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 289.33 662.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.90 662.10 Td (use ) Tj ET Q q 0 0 0 rg BT 322.15 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.84 662.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 373.86 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.22 662.10 Td (international ) Tj ET Q q 0 0 0 rg BT 446.67 662.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 488.90 662.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 526.97 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.89 662.10 Td (Product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.12 650.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 140.68 650.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 179.90 650.10 Td (due ) Tj ET Q q 0 0 0 rg BT 195.81 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.05 650.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 246.51 650.10 Td (staf) Tj ET Q q 0 0 0 rg BT 260.77 650.10 Td (fing ) Tj ET Q q 0 0 0 rg BT 278.34 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.25 650.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 334.59 650.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 356.05 650.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 390.84 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.08 650.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 445.42 650.10 Td (with ) Tj ET Q q 0 0 0 rg BT 464.66 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.46 650.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 520.36 650.10 Td (expanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (product ) Tj ET Q q 0 0 0 rg BT 83.05 638.10 Td (development ) Tj ET Q q 0 0 0 rg BT 137.20 638.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 174.13 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.40 638.10 Td (India.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 74.17 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.23 616.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 138.07 616.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 594.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 122.72 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.76 594.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 182.92 594.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 594.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.38 594.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.99 594.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 282.09 594.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.99 594.10 Td (, ) Tj ET Q q 0 0 0 rg BT 316.10 594.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.03 594.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.36 594.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.47 594.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.52 594.10 Td ($14.9 ) Tj ET Q q 0 0 0 rg BT 397.63 594.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.52 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.13 594.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.52 594.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.52 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.13 594.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.51 594.10 Td ($17.5 ) Tj ET Q q 0 0 0 rg BT 497.62 594.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.51 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.12 594.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 594.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 594.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.28 582.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 105.53 582.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.70 582.10 Td (due ) Tj ET Q q 0 0 0 rg BT 131.64 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.92 582.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 182.17 582.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 236.90 582.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 256.62 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.89 582.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.72 582.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 304.66 582.10 Td (personnel.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (General ) Tj ET Q q 0 0 0 rg BT 85.83 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.52 560.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.58 560.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 538.10 Td (General ) Tj ET Q q 0 0 0 rg BT 133.43 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.64 538.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 210.63 538.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.51 538.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.26 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.04 538.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 310.32 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.21 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.49 538.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.60 538.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.93 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.21 538.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.43 538.10 Td ($48.1 ) Tj ET Q q 0 0 0 rg BT 421.71 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.38 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.94 538.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.94 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.72 538.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.28 538.10 Td ($51.7 ) Tj ET Q q 0 0 0 rg BT 522.56 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.45 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.44 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.08 526.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 116.38 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.13 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.44 526.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 179.28 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.15 526.10 Td (general ) Tj ET Q q 0 0 0 rg BT 220.67 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.20 526.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 296.49 526.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 334.68 526.10 Td (were ) Tj ET Q q 0 0 0 rg BT 356.20 526.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 375.80 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 406.78 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.20 526.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 459.28 526.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 500.25 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.78 526.10 Td (of) Tj ET Q q 0 0 0 rg BT 524.93 526.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 542.01 526.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.42 514.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.93 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 127.35 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.20 514.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 164.84 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.92 514.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 204.56 514.10 Td (business ) Tj ET Q q 0 0 0 rg BT 241.09 514.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 291.50 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.47 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.92 514.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 331.44 514.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 370.18 514.10 Td (em ) Tj ET Q q 0 0 0 rg BT 384.85 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 390.26 514.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 436.77 514.10 Td (SA, ) Tj ET Q q 0 0 0 rg BT 454.69 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.55 514.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 517.73 514.10 Td (JV) Tj ET Q q 0 0 0 rg BT 527.55 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.69 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.77 514.10 Td (PB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 88.34 502.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 124.16 502.10 Td (of) Tj ET Q q 0 0 0 rg BT 132.31 502.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 149.25 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 161.75 502.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 181.75 502.10 Td (million ) Tj ET Q q 0 0 0 rg BT 213.14 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.97 502.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 258.12 502.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 295.60 502.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 339.18 502.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 356.12 502.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.83 502.10 Td (costs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 106.41 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.47 480.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 180.29 480.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 458.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 154.34 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.80 458.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 222.25 458.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.37 458.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 299.59 458.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 339.38 458.10 Td (steady ) Tj ET Q q 0 0 0 rg BT 366.94 458.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.18 458.10 Td ($10.7 ) Tj ET Q q 0 0 0 rg BT 400.71 458.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 458.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.62 458.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.31 458.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 467.33 458.10 Td (versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.90 458.10 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 519.43 458.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.32 458.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.34 458.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 84.17 424.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 402.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 131.45 402.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.35 402.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 402.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.57 402.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 223.54 402.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.43 402.10 Td (, ) Tj ET Q q 0 0 0 rg BT 257.40 402.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.20 402.10 Td (701%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.53 402.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.50 402.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.40 402.10 Td ($231 ) Tj ET Q q 0 0 0 rg BT 340.87 402.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.98 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.44 402.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.69 402.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.69 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.16 402.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.40 402.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 442.37 402.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.26 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.73 402.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.97 402.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.97 402.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.94 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.23 402.10 Td (The ) Tj ET Q q 0 0 0 rg BT 529.24 402.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.71 390.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 93.08 390.10 Td (income ) Tj ET Q q 0 0 0 rg BT 125.45 390.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.06 390.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 179.09 390.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.80 390.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.18 390.10 Td (1) Tj ET Q q 0 0 0 rg BT 211.81 390.10 Td (14% ) Tj ET Q q 0 0 0 rg BT 233.07 390.10 Td (year ) Tj ET Q q 0 0 0 rg BT 253.22 390.10 Td (over ) Tj ET Q q 0 0 0 rg BT 273.92 390.10 Td (year ) Tj ET Q q 0 0 0 rg BT 294.06 390.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 346.42 390.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 382.11 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.82 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.98 390.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 455.49 390.10 Td (average ) Tj ET Q q 0 0 0 rg BT 489.51 390.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.22 390.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 547.58 390.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 94.16 378.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 144.43 378.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.37 378.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 188.87 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.15 378.10 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 84.17 356.10 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 334.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 131.62 334.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.46 334.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.21 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.85 334.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 226.98 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.87 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.00 334.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.97 334.10 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.93 334.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 334.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 335.14 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.03 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.66 334.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.07 334.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.07 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.71 334.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.12 334.10 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 430.25 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.14 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.78 334.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.19 334.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.19 334.10 Td (.Interest ) Tj ET Q q 0 0 0 rg BT 529.81 334.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.60 322.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 128.66 322.10 Td (because ) Tj ET Q q 0 0 0 rg BT 162.15 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.32 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.38 322.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 227.66 322.10 Td (ef) Tj ET Q q 0 0 0 rg BT 235.25 322.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 252.08 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.25 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.54 322.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 308.13 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.76 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.82 322.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 370.32 322.10 Td (average ) Tj ET Q q 0 0 0 rg BT 403.25 322.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.53 322.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 451.36 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 463.20 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.26 322.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 523.69 322.10 Td (revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.27 310.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 106.10 310.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.05 310.10 Td (2.08% ) Tj ET Q q 0 0 0 rg BT 156.39 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.68 310.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 189.19 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.48 310.10 Td (2.73% ) Tj ET Q q 0 0 0 rg BT 227.82 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.11 310.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 263.12 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.06 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.01 310.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.28 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.56 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.29 310.10 Td (average ) Tj ET Q q 0 0 0 rg BT 385.88 310.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 435.06 310.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 468.10 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.61 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.34 310.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 536.17 310.10 Td (line ) Tj ET Q q 0 0 0 rg BT 553.68 310.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.20 298.10 Td (term ) Tj ET Q q 0 0 0 rg BT 113.03 298.10 Td (note ) Tj ET Q q 0 0 0 rg BT 132.74 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.68 298.10 Td ($156.2 ) Tj ET Q q 0 0 0 rg BT 184.68 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 216.07 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.35 298.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 248.85 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.13 298.10 Td ($234.8 ) Tj ET Q q 0 0 0 rg BT 289.13 298.10 Td (million ) Tj ET Q q 0 0 0 rg BT 320.52 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.80 298.10 Td (2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 85.84 276.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 130.01 276.10 Td (Gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 254.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 115.74 254.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 146.92 254.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 186.98 254.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 206.50 254.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.13 254.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 234.44 254.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.55 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.85 254.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.93 254.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.93 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.24 254.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 344.76 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.39 254.10 Td ($305 ) Tj ET Q q 0 0 0 rg BT 377.69 254.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 416.11 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.74 254.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 450.15 254.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 484.10 254.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.40 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.92 254.10 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.20 242.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 91.26 242.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 141.89 242.10 Td (within ) Tj ET Q q 0 0 0 rg BT 170.31 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.51 242.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 218.25 242.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 262.77 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.63 242.10 Td (were ) Tj ET Q q 0 0 0 rg BT 302.93 242.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 357.44 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.08 242.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.39 242.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 413.23 242.10 Td (other ) Tj ET Q q 0 0 0 rg BT 436.64 242.10 Td (than ) Tj ET Q q 0 0 0 rg BT 456.72 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.81 242.10 Td (subsidiary's ) Tj ET Q q 0 0 0 rg BT 521.47 242.10 Td (functional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 86.58 230.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.63 230.10 Td (were ) Tj ET Q q 0 0 0 rg BT 133.67 230.10 Td (almost ) Tj ET Q q 0 0 0 rg BT 161.94 230.10 Td (completely ) Tj ET Q q 0 0 0 rg BT 207.98 230.10 Td (of) Tj ET Q q 0 0 0 rg BT 216.13 230.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 232.18 230.10 Td (by ) Tj ET Q q 0 0 0 rg BT 243.79 230.10 Td ($292 ) Tj ET Q q 0 0 0 rg BT 265.40 230.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 303.11 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.05 230.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 338.55 230.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 384.02 230.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 405.63 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.46 230.10 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 482.15 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.08 230.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.24 230.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (within ) Tj ET Q q 0 0 0 rg BT 78.06 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 93.89 218.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 125.26 218.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 169.42 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.91 218.10 Td (were ) Tj ET Q q 0 0 0 rg BT 208.84 218.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 262.99 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.27 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.21 218.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 317.69 218.10 Td (other ) Tj ET Q q 0 0 0 rg BT 340.73 218.10 Td (than ) Tj ET Q q 0 0 0 rg BT 360.45 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.17 218.10 Td (subsidiary's ) Tj ET Q q 0 0 0 rg BT 424.47 218.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 467.51 218.10 Td (currency) Tj ET Q q 0 0 0 rg BT 501.84 218.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 196.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 196.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.50 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.94 174.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.72 174.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 206.47 174.10 Td (income ) Tj ET Q q 0 0 0 rg BT 238.80 174.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.91 174.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 289.01 174.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.23 174.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 320.62 174.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.51 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.40 174.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.07 174.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.07 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.97 174.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 428.28 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.95 174.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.06 174.10 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 474.45 174.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.35 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.24 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.46 174.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.79 174.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 85.11 162.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.79 162.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.79 162.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.20 162.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 173.53 162.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.87 162.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 201.27 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.17 162.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.57 162.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.80 162.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 162.10 Td (77%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.48 162.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.88 162.10 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 317.70 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.60 162.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 339.06 162.10 Td (ef) Tj ET Q q 0 0 0 rg BT 346.65 162.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 376.75 162.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 391.88 162.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 409.76 162.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 452.08 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.77 162.10 Td (1.7% ) Tj ET Q q 0 0 0 rg BT 486.50 162.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.18 162.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 522.59 162.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.61 150.10 Td (8.1% ) Tj ET Q q 0 0 0 rg BT 92.27 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.88 150.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 126.21 150.10 Td (lar) Tj ET Q q 0 0 0 rg BT 136.57 150.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 155.62 150.10 Td (due ) Tj ET Q q 0 0 0 rg BT 171.89 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.50 150.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 221.08 150.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 255.12 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.73 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.77 150.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 322.82 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.98 150.10 Td (our ) Tj ET Q q 0 0 0 rg BT 348.14 150.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 378.84 150.10 Td (income ) Tj ET Q q 0 0 0 rg BT 410.11 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.71 150.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 448.75 150.10 Td (US ) Tj ET Q q 0 0 0 rg BT 463.36 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.63 150.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 512.57 150.10 Td (jurisdictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.49 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.78 138.10 Td (total ) Tj ET Q q 0 0 0 rg BT 113.07 138.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 140.57 138.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 175.01 138.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 193.08 138.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.81 138.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 225.30 138.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 267.23 138.10 Td (partly ) Tj ET Q q 0 0 0 rg BT 293.07 138.10 Td (because ) Tj ET Q q 0 0 0 rg BT 327.22 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.07 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.80 138.10 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 372.81 138.10 Td (million ) Tj ET Q q 0 0 0 rg BT 404.21 138.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 440.03 138.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.76 138.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 488.38 138.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 522.54 138.10 Td (due ) Tj ET Q q 0 0 0 rg BT 539.49 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 138.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 67.28 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.34 126.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 102.40 126.10 Td (from ) Tj ET Q q 0 0 0 rg BT 123.58 126.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 165.85 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.37 126.10 Td (Dubai. ) Tj ET Q q 0 0 0 rg BT 203.91 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.19 126.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.81 126.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 275.76 126.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 292.48 126.10 Td (also ) Tj ET Q q 0 0 0 rg BT 310.32 126.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 351.46 126.10 Td (due ) Tj ET Q q 0 0 0 rg BT 367.63 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.15 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.09 126.10 Td (R&D ) Tj ET Q q 0 0 0 rg BT 414.50 126.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.45 126.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 461.83 126.10 Td (available ) Tj ET Q q 0 0 0 rg BT 499.65 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.17 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 126.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.06 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.56 114.10 Td (United ) Tj ET Q q 0 0 0 rg BT 104.06 114.10 Td (States ) Tj ET Q q 0 0 0 rg BT 130.23 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.95 114.10 Td (also ) Tj ET Q q 0 0 0 rg BT 165.34 114.10 Td (its ) Tj ET Q q 0 0 0 rg BT 177.07 114.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 202.12 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.73 114.10 Td (net ) Tj ET Q q 0 0 0 rg BT 227.23 114.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.27 114.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 293.45 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.51 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.00 114.10 Td (UK, ) Tj ET Q q 0 0 0 rg BT 337.23 114.10 Td (where ) Tj ET Q q 0 0 0 rg BT 363.94 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.44 114.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 419.61 114.10 Td (still ) Tj ET Q q 0 0 0 rg BT 436.89 114.10 Td (has ) Tj ET Q q 0 0 0 rg BT 452.50 114.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 497.00 114.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 549.81 114.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.87 102.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 118.37 102.10 Td (Overall ) Tj ET Q q 0 0 0 rg BT 150.47 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 102.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.79 102.10 Td (enjoys ) Tj ET Q q 0 0 0 rg BT 234.01 102.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.56 102.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 280.42 102.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 305.30 102.10 Td (ef) Tj ET Q q 0 0 0 rg BT 312.89 102.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 342.20 102.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.53 102.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 373.62 102.10 Td (from ) Tj ET Q q 0 0 0 rg BT 395.17 102.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 441.71 102.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.04 102.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.91 102.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 90.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.98 90.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 121.36 90.10 Td (low ) Tj ET Q q 0 0 0 rg BT 138.86 90.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.57 90.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 208.02 90.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 256.61 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.88 90.10 Td (Dubai, ) Tj ET Q q 0 0 0 rg BT 296.32 90.10 Td (India ) Tj ET Q q 0 0 0 rg BT 319.37 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.31 90.10 Td (Singapore.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 68.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.35 68.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 123.46 68.10 Td (income ) Tj ET Q q 0 0 0 rg BT 155.69 68.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.93 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.17 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.19 68.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 254.07 68.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 291.87 68.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.88 68.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 328.56 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.14 68.10 Td (each ) Tj ET Q q 0 0 0 rg BT 360.25 68.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 408.60 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.18 68.10 Td (which ) Tj ET Q q 0 0 0 rg BT 446.42 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.44 68.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.12 68.10 Td (had ) Tj ET Q q 0 0 0 rg BT 520.36 68.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 56.10 Td (year ) Tj ET Q q 0 0 0 rg BT 98.58 56.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 128.30 56.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 186.88 56.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 209.38 56.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.09 56.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.92 56.10 Td (follows: ) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 683.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 683.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.50 Td (TWEL) Tj ET Q q 0 0 0 rg BT 79.09 425.50 Td (VE ) Tj ET Q q 0 0 0 rg BT 95.48 425.50 Td (MONTHS ) Tj ET Q q 0 0 0 rg BT 142.43 425.50 Td (ENDED ) Tj ET Q q 0 0 0 rg BT 179.94 425.50 Td (DECEMBER ) Tj ET Q q 0 0 0 rg BT 240.22 425.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.22 425.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 277.17 425.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 301.33 425.50 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 403.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 403.50 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 381.50 Td (The ) Tj ET Q q 0 0 0 rg BT 116.61 381.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.57 381.50 Td (derives ) Tj ET Q q 0 0 0 rg BT 188.51 381.50 Td (its ) Tj ET Q q 0 0 0 rg BT 200.03 381.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.64 381.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.92 381.50 Td (from ) Tj ET Q q 0 0 0 rg BT 298.42 381.50 Td (professional ) Tj ET Q q 0 0 0 rg BT 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(2015 ) Tj ET Q q 0 0 0 rg BT 547.56 333.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.50 Td (2014.) 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492.5 219 m 548.5 219 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 207 m 488.5 207 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 205 m 488.5 205 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 207 m 548.5 207 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 205 m 548.5 205 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.25 301.73 Td (For) Tj ET Q q 0 0 0 rg BT 463.62 301.73 Td ( the ) Tj ET Q q 0 0 0 rg BT 481.58 301.73 Td (Y) Tj ET Q q 0 0 0 rg BT 487.69 301.73 Td (ear) Tj ET Q q 0 0 0 rg BT 501.38 301.73 Td ( Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.90 291.73 Td (December) Tj ET Q q 0 0 0 rg BT 504.02 291.73 Td ( 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 278.73 Td (\(dollar amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 278.73 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 278.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.57 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 265.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 265.57 Td (190,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 265.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 265.57 Td (169,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 251.57 Td (Broker P&C Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 251.57 Td (14,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 251.57 Td (17,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.57 Td (Risk Compliance Solutions \(RCS\), fka Business Process Outsourcing \(BPO\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 237.57 Td (55,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 237.57 Td (21,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.57 Td (Carrier P&C Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 223.57 Td (4,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 223.57 Td (5,123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 209.73 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 209.73 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 209.73 Td (265,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 209.73 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.15 209.73 Td (214,321) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 184.50 Td (During ) Tj ET Q q 0 0 0 rg BT 130.30 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 184.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 175.12 184.50 Td (months ) Tj ET Q q 0 0 0 rg BT 207.54 184.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.39 184.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 293.45 184.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 316.42 184.50 Td (our ) Tj ET Q q 0 0 0 rg BT 332.72 184.50 Td (total ) Tj ET Q q 0 0 0 rg BT 353.47 184.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 388.09 184.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 428.81 184.50 Td ($51.2 ) Tj ET Q q 0 0 0 rg BT 454.29 184.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 488.65 184.50 Td (or ) Tj ET Q q 0 0 0 rg BT 499.95 184.50 Td (24%, ) Tj ET Q q 0 0 0 rg BT 523.76 184.50 Td (to ) Tj ET Q q 0 0 0 rg BT 534.51 184.50 Td ($265.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.50 Td (million ) Tj ET Q q 0 0 0 rg BT 81.55 172.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 123.64 172.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.08 172.50 Td ($214.3 ) Tj ET Q q 0 0 0 rg BT 164.24 172.50 Td (million ) Tj ET Q q 0 0 0 rg BT 195.79 172.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.23 172.50 Td (2014. ) Tj ET Q q 0 0 0 rg BT 231.20 172.50 Td (The ) Tj ET Q q 0 0 0 rg BT 249.41 172.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.96 172.50 Td (leverages ) Tj ET Q q 0 0 0 rg BT 331.37 172.50 Td (product ) Tj ET Q q 0 0 0 rg BT 364.58 172.50 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 417.79 172.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 473.22 172.50 Td (across ) Tj ET Q q 0 0 0 rg BT 500.87 172.50 Td (all ) Tj ET Q q 0 0 0 rg BT 513.53 172.50 Td (channels, ) Tj ET Q q 0 0 0 rg BT 553.67 172.50 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.50 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 92.36 160.50 Td (by ) Tj ET Q q 0 0 0 rg BT 104.75 160.50 Td (our ) Tj ET Q q 0 0 0 rg BT 120.47 160.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.63 160.50 Td (philosophy ) Tj ET Q q 0 0 0 rg BT 207.46 160.50 Td (and ) Tj ET Q q 0 0 0 rg BT 224.29 160.50 Td (business ) Tj ET Q q 0 0 0 rg BT 260.57 160.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 306.84 160.50 Td (strategy) Tj ET Q q 0 0 0 rg BT 337.85 160.50 Td (. ) Tj ET Q q 0 0 0 rg BT 342.56 160.50 Td (W) Tj ET Q q 0 0 0 rg BT 351.60 160.50 Td (ith ) Tj ET Q q 0 0 0 rg BT 364.55 160.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 395.25 160.50 Td (to ) Tj ET Q q 0 0 0 rg BT 405.42 160.50 Td (business ) Tj ET Q q 0 0 0 rg BT 441.70 160.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 491.86 160.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 535.90 160.50 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 148.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 88.66 148.50 Td (years ) Tj ET Q q 0 0 0 rg BT 112.15 148.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 134.54 148.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.37 148.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 173.76 148.50 Td (on ) Tj ET Q q 0 0 0 rg BT 186.16 148.50 Td (a ) Tj ET Q q 0 0 0 rg BT 192.99 148.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 208.71 148.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 234.98 148.50 Td (basis, ) Tj ET Q q 0 0 0 rg BT 259.87 148.50 Td (as ) Tj ET Q q 0 0 0 rg BT 270.60 148.50 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 310.21 148.50 Td (in ) Tj ET Q q 0 0 0 rg BT 320.38 148.50 Td (the ) Tj ET Q q 0 0 0 rg BT 334.99 148.50 Td (table ) Tj ET Q q 0 0 0 rg BT 356.81 148.50 Td (in ) Tj ET Q q 0 0 0 rg BT 366.98 148.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 388.81 148.50 Td (4 ) Tj ET Q q 0 0 0 rg BT 396.21 148.50 Td (Pro ) Tj ET Q q 0 0 0 rg BT 416.93 148.50 Td (Forma ) Tj ET Q q 0 0 0 rg BT 445.43 148.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 485.03 148.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 539.63 148.50 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 148.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.50 Td (enclosed ) Tj ET Q q 0 0 0 rg BT 87.34 136.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 142.47 136.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 182.04 136.50 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 230.77 136.50 Td (combined ) Tj ET Q q 0 0 0 rg BT 272.56 136.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 288.25 136.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 314.48 136.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 352.37 136.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 394.14 136.50 Td ($8.2 ) Tj ET Q q 0 0 0 rg BT 413.99 136.50 Td (million ) Tj ET Q q 0 0 0 rg BT 445.24 136.50 Td (or ) Tj ET Q q 0 0 0 rg BT 455.93 136.50 Td (2.9% ) Tj ET Q q 0 0 0 rg BT 479.11 136.50 Td (to ) Tj ET Q q 0 0 0 rg BT 489.24 136.50 Td ($272.2 ) Tj ET Q q 0 0 0 rg BT 519.10 136.50 Td (million ) Tj ET Q q 0 0 0 rg BT 550.35 136.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 124.50 Td (year ) Tj ET Q q 0 0 0 rg BT 82.82 124.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 104.52 124.50 Td (from ) Tj ET Q q 0 0 0 rg BT 125.66 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 139.58 124.50 Td ($280.5 ) Tj ET Q q 0 0 0 rg BT 168.77 124.50 Td (million ) Tj ET Q q 0 0 0 rg BT 199.37 124.50 Td (of ) Tj ET Q q 0 0 0 rg BT 209.39 124.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 224.42 124.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 250.00 124.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 283.34 124.50 Td (for ) Tj ET Q q 0 0 0 rg BT 296.70 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 310.62 124.50 Td (year ) Tj ET Q q 0 0 0 rg BT 329.53 124.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 353.73 124.50 Td (with ) Tj ET Q q 0 0 0 rg BT 373.20 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 387.12 124.50 Td (change ) Tj ET Q q 0 0 0 rg BT 417.13 124.50 Td (in ) Tj ET Q q 0 0 0 rg BT 426.61 124.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.06 124.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 486.64 124.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 526.66 124.50 Td (af) Tj ET Q q 0 0 0 rg BT 534.24 124.50 Td (fecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.48 112.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 123.17 112.50 Td (by ) Tj ET Q q 0 0 0 rg BT 135.33 112.50 Td (\($10.7\) ) Tj ET Q q 0 0 0 rg BT 166.65 112.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 200.20 112.50 Td (whereas ) Tj ET Q q 0 0 0 rg BT 235.12 112.50 Td (there ) Tj ET Q q 0 0 0 rg BT 257.27 112.50 Td (was ) Tj ET Q q 0 0 0 rg BT 274.98 112.50 Td (a ) Tj ET Q q 0 0 0 rg BT 281.58 112.50 Td (23.9% ) Tj ET Q q 0 0 0 rg BT 309.57 112.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 344.48 112.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.42 112.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 389.89 112.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 427.59 112.50 Td (for ) Tj ET Q q 0 0 0 rg BT 441.41 112.50 Td (the ) Tj ET Q q 0 0 0 rg BT 455.79 112.50 Td (same ) Tj ET Q q 0 0 0 rg BT 478.49 112.50 Td (comparative ) Tj ET Q q 0 0 0 rg BT 530.07 112.50 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.50 Td (The ) Tj ET Q q 0 0 0 rg BT 67.79 100.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 92.24 100.50 Td (for ) Tj ET Q q 0 0 0 rg BT 106.15 100.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.61 100.50 Td (dif) Tj ET Q q 0 0 0 rg BT 131.54 100.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 163.20 100.50 Td (between ) Tj ET Q q 0 0 0 rg BT 198.76 100.50 Td (the ) Tj ET Q q 0 0 0 rg BT 213.22 100.50 Td (23.9% ) Tj ET Q q 0 0 0 rg BT 241.30 100.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 276.29 100.50 Td (in ) Tj ET Q q 0 0 0 rg BT 286.32 100.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 321.88 100.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.12 100.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 378.01 100.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 405.81 100.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 428.06 100.50 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 464.45 100.50 Td (as ) Tj ET Q q 0 0 0 rg BT 475.02 100.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.69 100.50 Td (to ) Tj ET Q q 0 0 0 rg BT 526.71 100.50 Td (the ) Tj ET Q q 0 0 0 rg BT 541.18 100.50 Td (2.9% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.80 88.50 Td (in ) Tj ET Q q 0 0 0 rg BT 96.97 88.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 119.36 88.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 135.07 88.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 161.34 88.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 189.28 88.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 211.67 88.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 227.38 88.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 253.65 88.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 287.68 88.50 Td (is ) Tj ET Q q 0 0 0 rg BT 296.74 88.50 Td (due ) Tj ET Q q 0 0 0 rg BT 313.56 88.50 Td (to ) Tj ET Q q 0 0 0 rg BT 323.73 88.50 Td (the ) Tj ET Q q 0 0 0 rg BT 338.33 88.50 Td (ef) Tj ET Q q 0 0 0 rg BT 345.92 88.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 363.30 88.50 Td (of ) Tj ET Q q 0 0 0 rg BT 374.01 88.50 Td (combining ) Tj ET Q q 0 0 0 rg BT 419.17 88.50 Td (the ) Tj ET Q q 0 0 0 rg BT 433.78 88.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 476.16 88.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 510.19 88.50 Td (derived ) Tj ET Q q 0 0 0 rg BT 542.56 88.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.50 Td (those ) Tj ET Q q 0 0 0 rg BT 72.73 76.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 116.58 76.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 152.62 76.50 Td (during ) Tj ET Q q 0 0 0 rg BT 180.35 76.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.19 76.50 Td (years ) Tj ET Q q 0 0 0 rg BT 216.91 76.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 238.54 76.50 Td (and ) Tj ET Q q 0 0 0 rg BT 254.60 76.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 278.72 76.50 Td (specifically ) Tj ET Q q 0 0 0 rg BT 326.31 76.50 Td (V) Tj ET Q q 0 0 0 rg BT 332.93 76.50 Td (ia ) Tj ET Q q 0 0 0 rg BT 341.77 76.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 368.94 76.50 Td (Health, ) Tj ET Q q 0 0 0 rg BT 399.72 76.50 Td (PB ) Tj ET Q q 0 0 0 rg BT 413.57 76.50 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 451.04 76.50 Td (Curepet, ) Tj ET Q q 0 0 0 rg BT 486.81 76.50 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 533.97 76.50 Td (Magic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.50 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 64.50 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 80.32 64.50 Td (Oakstone, ) Tj ET Q q 0 0 0 rg BT 122.32 64.50 Td (and ) Tj ET Q q 0 0 0 rg BT 138.48 64.50 Td (i3, ) Tj ET Q q 0 0 0 rg BT 150.49 64.50 Td (with ) Tj ET Q q 0 0 0 rg BT 169.99 64.50 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 64.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 230.24 64.50 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 279.73 64.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 325.49 64.50 Td (The ) Tj ET Q q 0 0 0 rg BT 342.76 64.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 364.49 64.50 Td (and ) Tj ET Q q 0 0 0 rg BT 380.65 64.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 402.38 64.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 417.43 64.50 Td (forma ) Tj ET Q q 0 0 0 rg BT 443.04 64.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.74 64.50 Td (information ) Tj ET Q q 0 0 0 rg BT 528.68 64.50 Td (assumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.50 Td (that ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 67.39013671875 51.1669921875 m 77.38525390625 51.1669921875 l s q 0 0 0 rg BT 67.39 52.50 Td (all) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.39 52.50 Td ( ) Tj ET Q q 0 0 0 rg BT 79.78 52.50 Td (such ) Tj ET Q q 0 0 0 rg BT 100.51 52.50 Td (business ) Tj ET Q q 0 0 0 rg BT 136.79 52.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 186.96 52.50 Td (were ) Tj ET Q q 0 0 0 rg BT 208.78 52.50 Td (made ) Tj ET Q q 0 0 0 rg BT 232.83 52.50 Td (on ) Tj ET Q q 0 0 0 rg BT 245.23 52.50 Td (January ) Tj ET Q q 0 0 0 rg BT 278.72 52.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 288.62 52.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 313.51 52.50 Td (whereas ) Tj ET Q q 0 0 0 rg BT 348.67 52.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.28 52.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 410.25 52.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 445.96 52.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.34 52.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 527.95 52.50 Td (for ) Tj ET Q q 0 0 0 rg BT 542.00 52.50 Td (2015 ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (only ) Tj ET Q q 0 0 0 rg BT 69.63 742.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 104.81 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.88 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 158.50 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 186.46 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.75 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.82 742.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 265.89 742.10 Td (since ) Tj ET Q q 0 0 0 rg BT 288.29 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.36 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 309.95 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 339.01 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 357.51 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 374.36 742.10 Td (they ) Tj ET Q q 0 0 0 rg BT 393.43 742.10 Td (were ) Tj ET Q q 0 0 0 rg BT 414.71 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 450.99 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 462.84 742.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 486.08 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.38 742.10 Td (thusly ) Tj ET Q q 0 0 0 rg BT 528.68 742.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.43 730.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 90.31 730.10 Td (months ) Tj ET Q q 0 0 0 rg BT 122.41 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.21 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 139.83 730.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 149.70 730.10 Td (Media, ) Tj ET Q q 0 0 0 rg BT 180.40 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.50 730.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 222.92 730.10 Td (months ) Tj ET Q q 0 0 0 rg BT 255.03 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.01 730.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 280.90 730.10 Td (Systems. ) Tj ET Q q 0 0 0 rg BT 319.40 730.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 355.97 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 361.13 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.00 730.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 398.66 730.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 414.64 730.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 441.18 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 478.81 730.10 Td (information ) Tj ET Q q 0 0 0 rg BT 528.68 730.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.63 718.10 Td (full ) Tj ET Q q 0 0 0 rg BT 72.71 718.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.11 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.63 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 130.93 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.78 718.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 192.50 718.10 Td (Magic, ) Tj ET Q q 0 0 0 rg BT 222.58 718.10 Td (V) Tj ET Q q 0 0 0 rg BT 228.70 718.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 253.37 718.10 Td (Oakstone, ) Tj ET Q q 0 0 0 rg BT 295.83 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.46 718.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 322.43 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.95 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 341.25 718.10 Td (they ) Tj ET Q q 0 0 0 rg BT 360.66 718.10 Td (had ) Tj ET Q q 0 0 0 rg BT 377.29 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 398.36 718.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 434.98 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.17 718.10 Td (January ) Tj ET Q q 0 0 0 rg BT 480.46 718.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 490.15 718.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 514.84 718.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.67 706.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 134.08 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.16 706.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 217.47 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.22 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.53 706.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 270.63 706.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 307.05 706.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 330.14 706.10 Td (months ) Tj ET Q q 0 0 0 rg BT 362.68 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.11 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 412.18 706.10 Td (results ) Tj ET Q q 0 0 0 rg BT 441.38 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.14 706.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 504.77 706.10 Td (Magic, ) Tj ET Q q 0 0 0 rg BT 535.91 706.10 Td (eleven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 81.95 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.11 694.10 Td (CurePet, ) Tj ET Q q 0 0 0 rg BT 133.33 694.10 Td (three ) Tj ET Q q 0 0 0 rg BT 155.81 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 187.58 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 193.69 694.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 218.68 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.62 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 252.55 694.10 Td (month ) Tj ET Q q 0 0 0 rg BT 280.61 694.10 Td (each ) Tj ET Q q 0 0 0 rg BT 301.43 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.59 694.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 355.85 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.79 694.10 Td (i3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 660.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 660.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 119.88 660.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 146.25 660.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 180.97 660.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.14 660.10 Td (based ) Tj ET Q q 0 0 0 rg BT 215.41 660.10 Td (on ) Tj ET Q q 0 0 0 rg BT 227.91 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.63 660.10 Td (following ) Tj ET Q q 0 0 0 rg BT 284.01 660.10 Td (premises:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 638.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 638.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 157.83 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.10 638.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 197.93 638.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 214.09 638.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 240.79 638.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.27 638.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 311.42 638.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.13 638.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.60 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.76 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.81 638.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 436.06 638.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 467.77 638.10 Td (before ) Tj ET Q q 0 0 0 rg BT 496.14 638.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 542.85 638.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.79 626.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 183.57 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.03 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.71 626.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 244.21 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.00 626.10 Td (well ) Tj ET Q q 0 0 0 rg BT 276.68 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.47 626.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 315.81 626.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.91 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.70 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 626.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 416.27 626.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 448.61 626.10 Td (after ) Tj ET Q q 0 0 0 rg BT 470.39 626.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 520.23 626.10 Td (Growth ) Tj ET Q q 0 0 0 rg BT 554.24 626.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 614.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 172.50 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.79 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.97 614.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.35 614.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 264.19 614.10 Td (after ) Tj ET Q q 0 0 0 rg BT 284.47 614.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 330.31 614.10 Td (date ) Tj ET Q q 0 0 0 rg BT 348.93 614.10 Td (are ) Tj ET Q q 0 0 0 rg BT 363.09 614.10 Td (only ) Tj ET Q q 0 0 0 rg BT 382.83 614.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 419.76 614.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.38 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.56 614.10 Td (period ) Tj ET Q q 0 0 0 rg BT 475.07 614.10 Td (after ) Tj ET Q q 0 0 0 rg BT 495.34 614.10 Td (their ) Tj ET Q q 0 0 0 rg BT 515.63 614.10 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 602.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 602.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 171.55 602.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 195.88 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.22 602.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 238.45 602.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 266.12 602.10 Td (from ) Tj ET Q q 0 0 0 rg BT 287.12 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 602.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 323.01 602.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 351.24 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 602.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 397.12 602.10 Td (products ) Tj ET Q q 0 0 0 rg BT 433.12 602.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.01 602.10 Td (been ) Tj ET Q q 0 0 0 rg BT 468.45 602.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 504.45 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.79 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 602.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 590.10 Td (section ) Tj ET Q q 0 0 0 rg BT 165.83 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.66 590.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.49 590.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 578.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 578.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 154.57 578.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 188.57 578.10 Td (products ) Tj ET Q q 0 0 0 rg BT 225.36 578.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 244.37 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.49 578.10 Td (new ) Tj ET Q q 0 0 0 rg BT 273.50 578.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 316.39 578.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 353.15 578.10 Td (through ) Tj ET Q q 0 0 0 rg BT 386.61 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.17 578.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 447.39 578.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 486.39 578.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 509.00 578.10 Td (has ) Tj ET Q q 0 0 0 rg BT 524.68 578.10 Td (also ) Tj ET Q q 0 0 0 rg BT 543.13 578.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 566.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 171.94 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.22 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 566.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.86 566.10 Td (section ) Tj ET Q q 0 0 0 rg BT 264.68 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.51 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.34 566.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 554.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 554.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 157.73 554.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 173.80 554.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 200.41 554.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 238.68 554.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.85 554.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 309.12 554.10 Td (from ) Tj ET Q q 0 0 0 rg BT 331.29 554.10 Td (some ) Tj ET Q q 0 0 0 rg BT 355.14 554.10 Td (product ) Tj ET Q q 0 0 0 rg BT 388.42 554.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 410.04 554.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 438.33 554.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 456.61 554.10 Td (was ) Tj ET Q q 0 0 0 rg BT 474.89 554.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 528.73 554.10 Td (after ) Tj ET Q q 0 0 0 rg BT 549.78 554.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 542.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 182.08 542.10 Td (date ) Tj ET Q q 0 0 0 rg BT 201.92 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.56 542.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.29 542.10 Td (from ) Tj ET Q q 0 0 0 rg BT 280.92 542.10 Td (some ) Tj ET Q q 0 0 0 rg BT 305.22 542.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 348.96 542.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 377.71 542.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.99 542.10 Td (were ) Tj ET Q q 0 0 0 rg BT 439.61 542.10 Td (discontinued. ) Tj ET Q q 0 0 0 rg BT 496.18 542.10 Td (This ) Tj ET Q q 0 0 0 rg BT 517.15 542.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.02 542.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 530.10 Td (done ) Tj ET Q q 0 0 0 rg BT 156.94 530.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.10 530.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.69 530.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 213.39 530.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 241.44 530.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 291.14 530.10 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 506.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.07 506.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 135.80 506.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.76 506.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 209.50 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.35 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.09 506.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 278.36 506.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 300.76 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.94 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.68 506.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 364.08 506.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 408.69 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.99 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.73 506.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 475.90 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.21 506.10 Td (which ) Tj ET Q q 0 0 0 rg BT 515.17 506.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.35 506.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.78 494.10 Td (also ) Tj ET Q q 0 0 0 rg BT 114.01 494.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 150.45 494.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 191.89 494.10 Td (af) Tj ET Q q 0 0 0 rg BT 199.48 494.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 227.02 494.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 263.46 494.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 304.62 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.74 494.10 Td (During ) Tj ET Q q 0 0 0 rg BT 339.20 494.10 Td (each ) Tj ET Q q 0 0 0 rg BT 360.63 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.09 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.43 494.10 Td (years ) Tj ET Q q 0 0 0 rg BT 411.65 494.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 434.77 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.33 494.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 475.45 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.79 494.10 Td (change ) Tj ET Q q 0 0 0 rg BT 522.23 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.13 494.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.48 482.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 127.73 482.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 149.11 482.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 191.02 482.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 226.84 482.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 279.88 482.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.14 482.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 358.18 482.10 Td (by ) Tj ET Q q 0 0 0 rg BT 370.68 482.10 Td ($\(10.7\) ) Tj ET Q q 0 0 0 rg BT 402.34 482.10 Td (million ) Tj ET Q q 0 0 0 rg BT 433.73 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.67 482.10 Td ($\(3.2\) ) Tj ET Q q 0 0 0 rg BT 477.33 482.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 511.22 482.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 558.88 482.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 460.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 101.64 460.10 Td (components ) Tj ET Q q 0 0 0 rg BT 152.47 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.30 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 179.13 460.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 213.27 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.21 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.93 460.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 279.63 460.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 330.43 460.10 Td (during ) Tj ET Q q 0 0 0 rg BT 359.04 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.76 460.10 Td (past ) Tj ET Q q 0 0 0 rg BT 392.37 460.10 Td (year ) Tj ET Q q 0 0 0 rg BT 412.08 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 426.78 460.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 467.61 460.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 520.10 460.10 Td (below) Tj ET Q q 0 0 0 rg BT 543.89 460.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 436.7669921875 m 138.423828125 436.7669921875 l s q 0 0 0 rg BT 99.00 438.10 Td (Exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.42 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.02 438.10 Td (division ) Tj ET Q q 0 0 0 rg BT 175.83 438.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.96 438.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 254.31 438.10 Td (by ) Tj ET Q q 0 0 0 rg BT 266.90 438.10 Td ($21.3 ) Tj ET Q q 0 0 0 rg BT 291.99 438.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 325.98 438.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.90 438.10 Td (13%, ) Tj ET Q q 0 0 0 rg BT 360.32 438.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 406.23 438.10 Td (due ) Tj ET Q q 0 0 0 rg BT 423.26 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.63 438.10 Td (new ) Tj ET Q q 0 0 0 rg BT 452.88 438.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 493.23 438.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 524.42 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 438.10 Td (cross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 79.17 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.00 426.10 Td (products ) Tj ET Q q 0 0 0 rg BT 126.93 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.87 426.10 Td (services ) Tj ET Q q 0 0 0 rg BT 178.58 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.86 426.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 223.02 426.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 251.63 426.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.46 426.10 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 304.93 426.10 Td (by ) Tj ET Q q 0 0 0 rg BT 317.43 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.15 426.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 354.65 426.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 404.92 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 426.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 463.78 426.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 491.83 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.77 426.10 Td (Oakstone.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 402.7669921875 m 184.8525390625 402.7669921875 l s q 0 0 0 rg BT 99.00 404.10 Td (Broker ) Tj ET Q q 0 0 0 rg BT 129.14 404.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 151.51 404.10 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.85 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.22 404.10 Td (division ) Tj ET Q q 0 0 0 rg BT 221.81 404.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.83 404.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 297.61 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.97 404.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 329.84 404.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 363.60 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 374.30 404.10 Td (19%, ) Tj ET Q q 0 0 0 rg BT 397.50 404.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 443.18 404.10 Td (due ) Tj ET Q q 0 0 0 rg BT 459.99 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.13 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.72 404.10 Td (ef) Tj ET Q q 0 0 0 rg BT 492.31 404.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 513.55 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.25 404.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 68.29 392.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 118.80 392.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 160.42 392.10 Td (af) Tj ET Q q 0 0 0 rg BT 168.01 392.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 199.07 392.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.98 392.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 259.93 392.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 307.39 392.10 Td (During ) Tj ET Q q 0 0 0 rg BT 339.02 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.54 392.10 Td (past ) Tj ET Q q 0 0 0 rg BT 373.95 392.10 Td (two ) Tj ET Q q 0 0 0 rg BT 392.26 392.10 Td (years ) Tj ET Q q 0 0 0 rg BT 416.66 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.18 392.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 468.79 392.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 507.63 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.71 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.23 392.10 Td (Broker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 85.72 380.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 119.18 380.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.44 380.10 Td (been ) Tj ET Q q 0 0 0 rg BT 161.69 380.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 206.82 380.10 Td (due ) Tj ET Q q 0 0 0 rg BT 223.63 380.10 Td (essentially ) Tj ET Q q 0 0 0 rg BT 268.22 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.37 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.97 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 300.55 380.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 321.81 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.51 380.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 371.54 380.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 408.89 380.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 449.02 380.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 472.78 380.10 Td (From ) Tj ET Q q 0 0 0 rg BT 496.82 380.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 519.20 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.35 380.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 554.23 380.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.72 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.55 368.10 Td (native ) Tj ET Q q 0 0 0 rg BT 112.48 368.10 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 158.56 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.28 368.10 Td (Broker ) Tj ET Q q 0 0 0 rg BT 203.55 368.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 239.39 368.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 272.98 368.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 311.02 368.10 Td (have ) Tj ET Q q 0 0 0 rg BT 332.40 368.10 Td (increased. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 344.7669921875 m 209.0048828125 344.7669921875 l s q 0 0 0 rg BT 99.00 346.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 120.12 346.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 171.22 346.10 Td (Solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.78 346.10 Td (division ) Tj ET Q q 0 0 0 rg BT 246.79 346.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 285.10 346.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.64 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 338.41 346.10 Td ($34.1 ) Tj ET Q q 0 0 0 rg BT 363.69 346.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 397.86 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.97 346.10 Td (156%, ) Tj ET Q q 0 0 0 rg BT 437.58 346.10 Td (due ) Tj ET Q q 0 0 0 rg BT 454.80 346.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 494.79 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.34 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 346.10 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.60 334.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 118.41 334.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 159.56 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.84 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.33 334.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 208.61 334.10 Td (business ) Tj ET Q q 0 0 0 rg BT 244.79 334.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 290.95 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.56 334.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 316.07 334.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 354.19 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.91 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.41 334.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 407.69 334.10 Td (business ) Tj ET Q q 0 0 0 rg BT 443.86 334.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 493.91 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.52 334.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 514.58 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.13 334.10 Td (V) Tj ET Q q 0 0 0 rg BT 537.25 334.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 559.51 334.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 310.7669921875 m 187.3984375 310.7669921875 l s q 0 0 0 rg BT 99.00 312.10 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 130.68 312.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 154.06 312.10 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.40 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.77 312.10 Td (division ) Tj ET Q q 0 0 0 rg BT 226.36 312.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 261.37 312.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 304.15 312.10 Td (by ) Tj ET Q q 0 0 0 rg BT 317.52 312.10 Td ($785 ) Tj ET Q q 0 0 0 rg BT 340.88 312.10 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 382.86 312.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.56 312.10 Td (15%, ) Tj ET Q q 0 0 0 rg BT 418.75 312.10 Td (due ) Tj ET Q q 0 0 0 rg BT 436.56 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.14 312.10 Td (ef) Tj ET Q q 0 0 0 rg BT 459.73 312.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 478.08 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.78 312.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 520.35 312.10 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 84.16 300.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 121.65 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.93 300.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 173.84 300.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 225.22 300.10 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 74.73 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.56 278.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 121.94 278.10 Td (Provided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 256.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 123.73 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.57 256.10 Td (services ) Tj ET Q q 0 0 0 rg BT 169.28 256.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 209.83 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.77 256.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 272.59 256.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.10 256.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 338.69 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 358.97 256.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 398.13 256.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 433.13 256.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 479.80 256.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 547.57 256.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (training ) Tj ET Q q 0 0 0 rg BT 84.36 244.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 122.32 244.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 163.32 244.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 189.08 244.10 Td (million ) Tj ET Q q 0 0 0 rg BT 221.22 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.81 244.10 Td (53%, ) Tj ET Q q 0 0 0 rg BT 256.89 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.58 244.10 Td ($47.4 ) Tj ET Q q 0 0 0 rg BT 305.34 244.10 Td (million ) Tj ET Q q 0 0 0 rg BT 337.48 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.51 244.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 371.77 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.80 244.10 Td ($72.4 ) Tj ET Q q 0 0 0 rg BT 408.55 244.10 Td (million ) Tj ET Q q 0 0 0 rg BT 440.70 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.73 244.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 477.48 244.10 Td (Correspondingly) Tj ET Q q 0 0 0 rg BT 544.05 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.80 244.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.79 232.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 122.11 232.10 Td (mar) Tj ET Q q 0 0 0 rg BT 137.48 232.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 153.47 232.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 196.09 232.10 Td (modestly ) Tj ET Q q 0 0 0 rg BT 235.96 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.61 232.10 Td (77.9% ) Tj ET Q q 0 0 0 rg BT 287.65 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.64 232.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 321.85 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.84 232.10 Td (72.7% ) Tj ET Q q 0 0 0 rg BT 361.88 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.86 232.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 398.57 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.55 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 420.31 232.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 456.27 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.26 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.69 232.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 530.47 232.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.68 232.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.84 220.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 121.01 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 129.31 220.10 Td (due ) Tj ET Q q 0 0 0 rg BT 145.38 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.78 220.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 196.40 220.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 239.41 220.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 285.20 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.27 220.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 339.55 220.10 Td (support ) Tj ET Q q 0 0 0 rg BT 371.18 220.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 392.81 220.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 435.53 220.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.94 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.78 220.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 490.41 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.48 220.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 528.11 220.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 100.27 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.10 208.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 125.83 208.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 163.99 208.10 Td (V) Tj ET Q q 0 0 0 rg BT 170.11 208.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 195.09 208.10 Td (Oakstone, ) Tj ET Q q 0 0 0 rg BT 237.86 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.80 208.10 Td (i3.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 85.28 186.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 141.65 186.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 164.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 132.48 164.10 Td (development ) Tj ET Q q 0 0 0 rg BT 186.50 164.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 224.97 164.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.09 164.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 284.96 164.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 318.72 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.42 164.10 Td (14%, ) Tj ET Q q 0 0 0 rg BT 352.62 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.43 164.10 Td ($26.9 ) Tj ET Q q 0 0 0 rg BT 399.30 164.10 Td (million ) Tj ET Q q 0 0 0 rg BT 430.56 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.71 164.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 463.08 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.22 164.10 Td ($30.7 ) Tj ET Q q 0 0 0 rg BT 498.09 164.10 Td (million ) Tj ET Q q 0 0 0 rg BT 529.36 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.50 164.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.90 152.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.56 152.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.81 152.10 Td (product ) Tj ET Q q 0 0 0 rg BT 148.71 152.10 Td (development ) Tj ET Q q 0 0 0 rg BT 202.71 152.10 Td (ef) Tj ET Q q 0 0 0 rg BT 210.30 152.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 230.98 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.54 152.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 278.99 152.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.34 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.91 152.10 Td (development ) Tj ET Q q 0 0 0 rg BT 359.92 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.60 152.10 Td (new ) Tj ET Q q 0 0 0 rg BT 389.61 152.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 442.51 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.52 152.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 497.19 152.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 532.02 152.10 Td (brokers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 140.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 100.32 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.67 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 140.10 Td (development ) Tj ET Q q 0 0 0 rg BT 190.37 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 140.10 Td (new ) Tj ET Q q 0 0 0 rg BT 223.19 140.10 Td (data ) Tj ET Q q 0 0 0 rg BT 243.76 140.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 289.33 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.90 140.10 Td (use ) Tj ET Q q 0 0 0 rg BT 322.15 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.84 140.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 373.86 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.22 140.10 Td (international ) Tj ET Q q 0 0 0 rg BT 446.67 140.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 488.90 140.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 526.97 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.89 140.10 Td (Product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.67 128.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 141.79 128.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.57 128.10 Td (due ) Tj ET Q q 0 0 0 rg BT 198.03 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.83 128.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 249.84 128.10 Td (staf) Tj ET Q q 0 0 0 rg BT 264.10 128.10 Td (fing ) Tj ET Q q 0 0 0 rg BT 282.23 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.69 128.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 339.58 128.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 361.61 128.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 396.94 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.74 128.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 452.64 128.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.44 128.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.79 128.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 531.46 128.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.15 116.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 141.08 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.36 116.10 Td (India.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 74.17 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.23 94.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 138.07 94.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 72.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 123.00 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.32 72.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 183.75 72.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 222.74 72.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 263.38 72.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 283.76 72.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 318.04 72.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.26 72.10 Td (8%, ) Tj ET Q q 0 0 0 rg BT 347.98 72.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.30 72.10 Td ($13.8 ) Tj ET Q q 0 0 0 rg BT 395.69 72.10 Td (million ) Tj ET Q q 0 0 0 rg BT 427.47 72.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.14 72.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 461.02 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.69 72.10 Td ($14.9 ) Tj ET Q q 0 0 0 rg BT 497.08 72.10 Td (million ) Tj ET Q q 0 0 0 rg BT 528.85 72.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.52 72.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.55 60.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 106.08 60.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.52 60.10 Td (due ) Tj ET Q q 0 0 0 rg BT 132.73 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.29 60.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 186.05 60.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 233.26 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.47 60.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 276.01 60.10 Td (mail ) Tj ET Q q 0 0 0 rg BT 296.55 60.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 339.87 60.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 362.64 60.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 398.73 60.10 Td (within ) Tj ET Q q 0 0 0 rg BT 427.06 60.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.16 60.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 488.71 60.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 523.13 60.10 Td (education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.71 48.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.65 48.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 135.80 48.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 172.73 48.10 Td (services ) Tj ET Q q 0 0 0 rg BT 207.44 48.10 Td (divisions.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (General ) Tj ET Q q 0 0 0 rg BT 85.83 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.52 742.25 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.58 742.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (General ) Tj ET Q q 0 0 0 rg BT 132.86 720.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.51 720.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 208.93 720.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 247.24 720.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 287.21 720.25 Td ($1) Tj ET Q q 0 0 0 rg BT 296.84 720.25 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 311.55 720.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 345.16 720.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.70 720.25 Td (30%, ) Tj ET Q q 0 0 0 rg BT 378.74 720.25 Td (from ) Tj ET Q q 0 0 0 rg BT 400.40 720.25 Td ($36.9 ) Tj ET Q q 0 0 0 rg BT 425.11 720.25 Td (million ) Tj ET Q q 0 0 0 rg BT 456.21 720.25 Td (in ) Tj ET Q q 0 0 0 rg BT 466.21 720.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 488.42 720.25 Td (to ) Tj ET Q q 0 0 0 rg BT 498.41 720.25 Td ($48.1 ) Tj ET Q q 0 0 0 rg BT 523.13 720.25 Td (million ) Tj ET Q q 0 0 0 rg BT 554.23 720.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.63 708.25 Td (A) Tj ET Q q 0 0 0 rg BT 81.30 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.03 708.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 128.97 708.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 180.59 708.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 206.64 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.15 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.09 708.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 264.81 708.25 Td (year ) Tj ET Q q 0 0 0 rg BT 284.75 708.25 Td (over ) Tj ET Q q 0 0 0 rg BT 305.25 708.25 Td (year ) Tj ET Q q 0 0 0 rg BT 325.19 708.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 360.67 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.18 708.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 407.23 708.25 Td (general ) Tj ET Q q 0 0 0 rg BT 439.38 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.56 708.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 516.49 708.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 555.32 708.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.04 696.25 Td (net ) Tj ET Q q 0 0 0 rg BT 80.09 696.25 Td (ef) Tj ET Q q 0 0 0 rg BT 87.68 696.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 109.38 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.54 696.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 165.02 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.63 696.25 Td (contingency ) Tj ET Q q 0 0 0 rg BT 227.32 696.25 Td (based ) Tj ET Q q 0 0 0 rg BT 252.92 696.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 272.95 696.25 Td (out ) Tj ET Q q 0 0 0 rg BT 288.56 696.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 324.14 696.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 367.51 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.12 696.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 415.38 696.25 Td (business ) Tj ET Q q 0 0 0 rg BT 452.10 696.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 505.20 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.03 696.25 Td (In ) Tj ET Q q 0 0 0 rg BT 519.18 696.25 Td (this ) Tj ET Q q 0 0 0 rg BT 536.46 696.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 564.50 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 696.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (during ) Tj ET Q q 0 0 0 rg BT 79.52 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.14 684.25 Td (year ) Tj ET Q q 0 0 0 rg BT 115.76 684.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 139.17 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.79 684.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.08 684.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 232.14 684.25 Td (such ) Tj ET Q q 0 0 0 rg BT 253.88 684.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 299.50 684.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 340.12 684.25 Td (by ) Tj ET Q q 0 0 0 rg BT 353.53 684.25 Td ($10.2 ) Tj ET Q q 0 0 0 rg BT 379.44 684.25 Td (million ) Tj ET Q q 0 0 0 rg BT 411.74 684.25 Td (as ) Tj ET Q q 0 0 0 rg BT 423.48 684.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 467.98 684.25 Td (with ) Tj ET Q q 0 0 0 rg BT 489.17 684.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.78 684.25 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 87.53 672.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.42 672.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 121.53 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.08 672.25 Td (2012; ) Tj ET Q q 0 0 0 rg BT 164.97 672.25 Td (whereas ) Tj ET Q q 0 0 0 rg BT 200.83 672.25 Td (during ) Tj ET Q q 0 0 0 rg BT 230.05 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.38 672.25 Td (year ) Tj ET Q q 0 0 0 rg BT 265.69 672.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 288.80 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.13 672.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.13 672.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 380.88 672.25 Td (such ) Tj ET Q q 0 0 0 rg BT 402.32 672.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 447.64 672.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 487.97 672.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.08 672.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 521.69 672.25 Td (million ) Tj ET Q q 0 0 0 rg BT 553.69 672.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.82 660.25 Td (with ) Tj ET Q q 0 0 0 rg BT 116.33 660.25 Td (two ) Tj ET Q q 0 0 0 rg BT 135.06 660.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 181.02 660.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 219.17 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.68 660.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 256.91 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.37 660.25 Td (These ) Tj ET Q q 0 0 0 rg BT 287.98 660.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 333.92 660.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 354.86 660.25 Td (out ) Tj ET Q q 0 0 0 rg BT 371.37 660.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 412.31 660.25 Td (were ) Tj ET Q q 0 0 0 rg BT 435.47 660.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 470.85 660.25 Td (because ) Tj ET Q q 0 0 0 rg BT 506.22 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.29 660.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 544.78 660.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 97.69 648.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 137.04 648.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.30 648.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 191.32 648.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 229.56 648.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 277.83 648.25 Td (The ) Tj ET Q q 0 0 0 rg BT 297.19 648.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 323.22 648.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.70 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.73 648.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 390.20 648.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 425.66 648.25 Td (was ) Tj ET Q q 0 0 0 rg BT 445.03 648.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 489.95 648.25 Td (with ) Tj ET Q q 0 0 0 rg BT 511.54 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.58 648.25 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 94.48 636.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 113.95 636.25 Td (out ) Tj ET Q q 0 0 0 rg BT 128.99 636.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 162.89 636.25 Td (tar) Tj ET Q q 0 0 0 rg BT 173.26 636.25 Td (get ) Tj ET Q q 0 0 0 rg BT 187.73 636.25 Td (being ) Tj ET Q q 0 0 0 rg BT 212.21 636.25 Td (based ) Tj ET Q q 0 0 0 rg BT 237.24 636.25 Td (on ) Tj ET Q q 0 0 0 rg BT 249.50 636.25 Td (continuance ) Tj ET Q q 0 0 0 rg BT 300.07 636.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.66 636.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.14 636.25 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 375.16 636.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 409.06 636.25 Td (run ) Tj ET Q q 0 0 0 rg BT 424.65 636.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.90 636.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.49 636.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.97 636.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 503.65 636.25 Td (business ) Tj ET Q q 0 0 0 rg BT 539.80 636.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.50 624.25 Td (average ) Tj ET Q q 0 0 0 rg BT 95.87 624.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 125.49 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.10 624.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 168.03 624.25 Td (over ) Tj ET Q q 0 0 0 rg BT 187.09 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.59 624.25 Td (next ) Tj ET Q q 0 0 0 rg BT 219.09 624.25 Td (few ) Tj ET Q q 0 0 0 rg BT 235.37 624.25 Td (years ) Tj ET Q q 0 0 0 rg BT 257.75 624.25 Td (from ) Tj ET Q q 0 0 0 rg BT 278.48 624.25 Td (an ) Tj ET Q q 0 0 0 rg BT 289.20 624.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 334.35 624.25 Td (network ) Tj ET Q q 0 0 0 rg BT 368.40 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.02 624.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 410.97 624.25 Td (insurers ) Tj ET Q q 0 0 0 rg BT 443.92 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.64 624.25 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 493.42 624.25 Td () Tj ET Q q 0 0 0 rg BT 495.74 624.25 Td (This ) Tj ET Q q 0 0 0 rg BT 514.80 624.25 Td (aggregation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 612.25 Td (all ) Tj ET Q q 0 0 0 rg BT 72.92 612.25 Td (these ) Tj ET Q q 0 0 0 rg BT 95.76 612.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 136.37 612.25 Td (entitiesdemanded ) Tj ET Q q 0 0 0 rg BT 211.14 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.65 612.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 260.72 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.34 612.25 Td (newer ) Tj ET Q q 0 0 0 rg BT 298.07 612.25 Td (functionality) Tj ET Q q 0 0 0 rg BT 348.52 612.25 Td (. ) Tj ET Q q 0 0 0 rg BT 353.14 612.25 Td (This ) Tj ET Q q 0 0 0 rg BT 373.22 612.25 Td (process ) Tj ET Q q 0 0 0 rg BT 405.50 612.25 Td (took ) Tj ET Q q 0 0 0 rg BT 425.58 612.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 453.42 612.25 Td (than ) Tj ET Q q 0 0 0 rg BT 472.93 612.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 519.09 612.25 Td (in ) Tj ET Q q 0 0 0 rg BT 529.17 612.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.68 612.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (putting ) Tj ET Q q 0 0 0 rg BT 81.03 600.25 Td (their ) Tj ET Q q 0 0 0 rg BT 102.06 600.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 143.07 600.25 Td (together ) Tj ET Q q 0 0 0 rg BT 178.54 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.67 600.25 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 236.69 600.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.83 600.25 Td (go-forward ) Tj ET Q q 0 0 0 rg BT 291.50 600.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 356.97 600.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 379.19 600.25 Td (This ) Tj ET Q q 0 0 0 rg BT 399.66 600.25 Td (situation ) Tj ET Q q 0 0 0 rg BT 436.80 600.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 466.71 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.62 600.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 515.98 600.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 554.22 600.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (come ) Tj ET Q q 0 0 0 rg BT 74.59 588.25 Td (down ) Tj ET Q q 0 0 0 rg BT 99.75 588.25 Td (as ) Tj ET Q q 0 0 0 rg BT 111.02 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.17 588.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 169.66 588.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 198.70 588.25 Td (waited ) Tj ET Q q 0 0 0 rg BT 228.29 588.25 Td (for ) Tj ET Q q 0 0 0 rg BT 242.88 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 588.25 Td (aggregation ) Tj ET Q q 0 0 0 rg BT 308.17 588.25 Td (network ) Tj ET Q q 0 0 0 rg BT 343.88 588.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.59 588.25 Td (be ) Tj ET Q q 0 0 0 rg BT 366.97 588.25 Td (ready ) Tj ET Q q 0 0 0 rg BT 392.11 588.25 Td (with ) Tj ET Q q 0 0 0 rg BT 412.82 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.98 588.25 Td (new ) Tj ET Q q 0 0 0 rg BT 447.57 588.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 488.83 588.25 Td (cohesive ) Tj ET Q q 0 0 0 rg BT 526.75 588.25 Td (network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 75.01 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.02 576.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 110.02 576.25 Td (out ) Tj ET Q q 0 0 0 rg BT 125.59 576.25 Td (was ) Tj ET Q q 0 0 0 rg BT 143.93 576.25 Td (based ) Tj ET Q q 0 0 0 rg BT 169.49 576.25 Td (on ) Tj ET Q q 0 0 0 rg BT 182.28 576.25 Td (continuance ) Tj ET Q q 0 0 0 rg BT 233.39 576.25 Td (ofexistingrevenues ) Tj ET Q q 0 0 0 rg BT 316.71 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.94 576.25 Td (average ) Tj ET Q q 0 0 0 rg BT 367.82 576.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 398.94 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.06 576.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 448.39 576.25 Td (over ) Tj ET Q q 0 0 0 rg BT 468.95 576.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.18 576.25 Td (three ) Tj ET Q q 0 0 0 rg BT 498.96 576.25 Td (year ) Tj ET Q q 0 0 0 rg BT 518.96 576.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 549.80 576.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.69 564.25 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 153.69 564.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 194.13 564.25 Td (thecontingent ) Tj ET Q q 0 0 0 rg BT 259.86 564.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 297.52 564.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 338.17 564.25 Td (The ) Tj ET Q q 0 0 0 rg BT 362.52 564.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 413.53 564.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 439.54 564.25 Td (out ) Tj ET Q q 0 0 0 rg BT 461.11 564.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 501.02 564.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 542.57 564.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (reducedaccordinglyto ) Tj ET Q q 0 0 0 rg BT 146.20 552.25 Td (address ) Tj ET Q q 0 0 0 rg BT 180.76 552.25 Td (that ) Tj ET Q q 0 0 0 rg BT 200.33 552.25 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 248.77 552.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 275.00 552.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.57 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.36 552.25 Td (client ) Tj ET Q q 0 0 0 rg BT 333.15 552.25 Td (side. ) Tj ET Q q 0 0 0 rg BT 357.82 552.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 381.29 552.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 434.74 552.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.09 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.88 552.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 501.21 552.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.56 552.25 Td (general ) Tj ET Q q 0 0 0 rg BT 547.56 552.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.47 540.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 147.83 540.25 Td (were ) Tj ET Q q 0 0 0 rg BT 169.53 540.25 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 189.29 540.25 Td (million ) Tj ET Q q 0 0 0 rg BT 220.45 540.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.04 540.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 273.30 540.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 314.44 540.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 336.71 540.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 376.18 540.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.22 540.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 432.36 540.25 Td (with ) Tj ET Q q 0 0 0 rg BT 452.40 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.89 540.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 489.15 540.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.85 540.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 528.12 540.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 100.27 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.10 528.25 Td (i3, ) Tj ET Q q 0 0 0 rg BT 123.88 528.25 Td (Oakstone, ) Tj ET Q q 0 0 0 rg BT 166.65 528.25 Td (PB ) Tj ET Q q 0 0 0 rg BT 181.38 528.25 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 219.72 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.48 528.25 Td (V) Tj ET Q q 0 0 0 rg BT 242.59 528.25 Td (ertex.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 106.41 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.47 506.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 180.29 506.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 484.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 154.89 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.90 484.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 223.89 484.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 262.57 484.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 302.89 484.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 322.96 484.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 356.93 484.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.83 484.25 Td (10%, ) Tj ET Q q 0 0 0 rg BT 391.23 484.25 Td (from ) Tj ET Q q 0 0 0 rg BT 413.24 484.25 Td ($9.7 ) Tj ET Q q 0 0 0 rg BT 433.32 484.25 Td (million ) Tj ET Q q 0 0 0 rg BT 464.78 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.13 484.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 497.70 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.05 484.25 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 533.13 484.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.31 472.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 82.85 472.25 Td (due ) Tj ET Q q 0 0 0 rg BT 99.82 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.13 472.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 130.17 472.25 Td (million ) Tj ET Q q 0 0 0 rg BT 161.59 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.46 472.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 214.98 472.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 266.93 472.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 301.67 472.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 337.52 472.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 377.27 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.58 472.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 419.55 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.86 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.61 472.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 491.72 472.25 Td (new ) Tj ET Q q 0 0 0 rg BT 510.92 472.25 Td (headquarters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 460.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 75.01 460.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 113.82 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.13 460.25 Td ($358 ) Tj ET Q q 0 0 0 rg BT 152.01 460.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 190.00 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.21 460.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 242.07 460.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 294.49 460.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 332.46 460.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 375.43 460.25 Td (with ) Tj ET Q q 0 0 0 rg BT 395.09 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.18 460.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 447.72 460.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 496.81 460.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 538.67 460.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.92 448.25 Td (with ) Tj ET Q q 0 0 0 rg BT 107.20 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.92 448.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 172.19 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.84 448.25 Td (V) Tj ET Q q 0 0 0 rg BT 188.96 448.25 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 213.94 448.25 Td (PB ) Tj ET Q q 0 0 0 rg BT 228.67 448.25 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 267.01 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.95 448.25 Td (Oakstone.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 426.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 84.17 426.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 404.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 130.52 404.25 Td (income ) Tj ET Q q 0 0 0 rg BT 161.48 404.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 202.42 404.25 Td ($148 ) Tj ET Q q 0 0 0 rg BT 223.95 404.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 264.09 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 273.95 404.25 Td (39%, ) Tj ET Q q 0 0 0 rg BT 296.31 404.25 Td (from ) Tj ET Q q 0 0 0 rg BT 317.28 404.25 Td ($379 ) Tj ET Q q 0 0 0 rg BT 338.81 404.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 376.45 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.75 404.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 407.28 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.59 404.25 Td ($231 ) Tj ET Q q 0 0 0 rg BT 438.12 404.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 475.76 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.07 404.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 509.10 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.52 404.25 Td (The ) Tj ET Q q 0 0 0 rg BT 527.59 404.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.73 392.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 93.12 392.25 Td (income ) Tj ET Q q 0 0 0 rg BT 125.50 392.25 Td (is ) Tj ET Q q 0 0 0 rg BT 135.13 392.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 179.17 392.25 Td (with ) Tj ET Q q 0 0 0 rg BT 199.91 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.08 392.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 236.36 392.25 Td (year ) Tj ET Q q 0 0 0 rg BT 256.52 392.25 Td (over ) Tj ET Q q 0 0 0 rg BT 277.24 392.25 Td (year ) Tj ET Q q 0 0 0 rg BT 297.40 392.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 334.77 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.50 392.25 Td (average ) Tj ET Q q 0 0 0 rg BT 379.54 392.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 411.92 392.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 444.86 392.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.58 392.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 502.96 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.35 392.25 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td (investments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 84.17 358.25 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 336.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 131.62 336.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 166.46 336.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 206.85 336.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 226.98 336.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 261.00 336.25 Td (or ) Tj ET Q q 0 0 0 rg BT 271.97 336.25 Td (42% ) Tj ET Q q 0 0 0 rg BT 292.93 336.25 Td (from ) Tj ET Q q 0 0 0 rg BT 315.00 336.25 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 335.14 336.25 Td (million ) Tj ET Q q 0 0 0 rg BT 366.66 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.07 336.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 399.71 336.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.12 336.25 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 430.25 336.25 Td (million ) Tj ET Q q 0 0 0 rg BT 461.78 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.19 336.25 Td (2015.Interest ) Tj ET Q q 0 0 0 rg BT 529.81 336.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.60 324.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 128.66 324.25 Td (because ) Tj ET Q q 0 0 0 rg BT 162.15 324.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.32 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.38 324.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 227.66 324.25 Td (ef) Tj ET Q q 0 0 0 rg BT 235.25 324.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 252.08 324.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.25 324.25 Td (an ) Tj ET Q q 0 0 0 rg BT 273.54 324.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 308.13 324.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.76 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.82 324.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 370.32 324.25 Td (average ) Tj ET Q q 0 0 0 rg BT 403.25 324.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.53 324.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 451.36 324.25 Td (on ) Tj ET Q q 0 0 0 rg BT 463.20 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.26 324.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 523.69 324.25 Td (revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.27 312.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 106.10 312.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.05 312.25 Td (1.78% ) Tj ET Q q 0 0 0 rg BT 156.39 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.68 312.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 189.19 312.25 Td (to ) Tj ET Q q 0 0 0 rg BT 199.48 312.25 Td (2.08% ) Tj ET Q q 0 0 0 rg BT 227.82 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.11 312.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 263.12 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.06 312.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.01 312.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.28 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.56 312.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.29 312.25 Td (average ) Tj ET Q q 0 0 0 rg BT 385.88 312.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 435.06 312.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 468.10 312.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.61 312.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.34 312.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 536.17 312.25 Td (line ) Tj ET Q q 0 0 0 rg BT 553.68 312.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.18 300.25 Td (from ) Tj ET Q q 0 0 0 rg BT 97.04 300.25 Td ($40.5 ) Tj ET Q q 0 0 0 rg BT 121.95 300.25 Td (million ) Tj ET Q q 0 0 0 rg BT 153.26 300.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.46 300.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 185.87 300.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.07 300.25 Td ($156.2 ) Tj ET Q q 0 0 0 rg BT 225.99 300.25 Td (million ) Tj ET Q q 0 0 0 rg BT 257.29 300.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.49 300.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 292.41 300.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 314.82 300.25 Td (included ) Tj ET Q q 0 0 0 rg BT 351.67 300.25 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 371.59 300.25 Td (million ) Tj ET Q q 0 0 0 rg BT 402.90 300.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.65 300.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.50 300.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 465.13 300.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.33 300.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.96 300.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 507.94 300.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.13 300.25 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 288.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 128.59 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.42 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.14 288.25 Td (2008-2012 ) Tj ET Q q 0 0 0 rg BT 199.97 288.25 Td (income ) Tj ET Q q 0 0 0 rg BT 231.90 288.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 246.62 288.25 Td (return ) Tj ET Q q 0 0 0 rg BT 273.00 288.25 Td (audit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 85.84 266.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 130.01 266.25 Td (Gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 244.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 115.96 244.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 147.36 244.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 187.63 244.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 207.37 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.22 244.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 238.24 244.25 Td (million ) Tj ET Q q 0 0 0 rg BT 269.65 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.95 244.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 302.48 244.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 342.21 244.25 Td (mostly ) Tj ET Q q 0 0 0 rg BT 371.96 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.81 244.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 406.44 244.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 452.82 244.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 475.35 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.08 244.25 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 553.68 244.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 80.77 232.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 132.09 232.25 Td (within ) Tj ET Q q 0 0 0 rg BT 161.22 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.11 232.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 210.55 232.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.77 232.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.33 232.25 Td (were ) Tj ET Q q 0 0 0 rg BT 297.32 232.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 352.54 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.88 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 371.88 232.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 410.42 232.25 Td (other ) Tj ET Q q 0 0 0 rg BT 434.54 232.25 Td (than ) Tj ET Q q 0 0 0 rg BT 455.32 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.10 232.25 Td (subsidiary's ) Tj ET Q q 0 0 0 rg BT 521.46 232.25 Td (functional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (currency) Tj ET Q q 0 0 0 rg BT 84.33 220.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 198.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 198.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.50 176.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.66 176.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.16 176.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 205.64 176.25 Td (income ) Tj ET Q q 0 0 0 rg BT 237.69 176.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 252.52 176.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 287.34 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.29 176.25 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 318.40 176.25 Td (million ) Tj ET Q q 0 0 0 rg BT 349.91 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.30 176.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 382.92 176.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 424.95 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.35 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.18 176.25 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 475.29 176.25 Td (million ) Tj ET Q q 0 0 0 rg BT 506.80 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.74 176.25 Td (income ) Tj ET Q q 0 0 0 rg BT 549.79 176.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.27 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.10 164.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 118.66 164.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 170.14 164.25 Td (a ) Tj ET Q q 0 0 0 rg BT 176.64 164.25 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 196.20 164.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 229.65 164.25 Td (or ) Tj ET Q q 0 0 0 rg BT 240.03 164.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.53 164.25 Td (49%, ) Tj ET Q q 0 0 0 rg BT 269.42 164.25 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 308.39 164.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 326.00 164.25 Td (ef) Tj ET Q q 0 0 0 rg BT 333.59 164.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 362.85 164.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 377.12 164.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.17 164.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 435.64 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.48 164.25 Td (8.1% ) Tj ET Q q 0 0 0 rg BT 468.36 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.20 164.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 502.76 164.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 544.24 164.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (17.9% ) Tj ET Q q 0 0 0 rg BT 78.39 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 88.73 152.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 113.79 152.25 Td (lar) Tj ET Q q 0 0 0 rg BT 124.15 152.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 143.93 152.25 Td (due ) Tj ET Q q 0 0 0 rg BT 160.93 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.27 152.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 211.58 152.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 246.35 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.69 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.46 152.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 316.24 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.13 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.02 152.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 374.45 152.25 Td (income ) Tj ET Q q 0 0 0 rg BT 406.45 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.79 152.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 446.55 152.25 Td (US ) Tj ET Q q 0 0 0 rg BT 461.89 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.89 152.25 Td (non-US ) Tj ET Q q 0 0 0 rg BT 512.56 152.25 Td (jurisdictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.19 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.17 140.25 Td (total ) Tj ET Q q 0 0 0 rg BT 112.15 140.25 Td (pretax ) Tj ET Q q 0 0 0 rg BT 139.35 140.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 173.49 140.25 Td (as ) Tj ET Q q 0 0 0 rg BT 184.02 140.25 Td (well ) Tj ET Q q 0 0 0 rg BT 203.45 140.25 Td (as ) Tj ET Q q 0 0 0 rg BT 213.98 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.41 140.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 265.03 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.01 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.44 140.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 321.64 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.18 140.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 365.49 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.92 140.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.01 140.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 458.19 140.25 Td (for ) Tj ET Q q 0 0 0 rg BT 472.06 140.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 511.47 140.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.89 140.25 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.01 128.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 84.24 128.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 113.02 128.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 138.76 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.99 128.25 Td (Overall ) Tj ET Q q 0 0 0 rg BT 175.20 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.65 128.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.77 128.25 Td (enjoys ) Tj ET Q q 0 0 0 rg BT 262.11 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.78 128.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 310.77 128.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 336.77 128.25 Td (ef) Tj ET Q q 0 0 0 rg BT 344.36 128.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 374.79 128.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.24 128.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.46 128.25 Td (from ) Tj ET Q q 0 0 0 rg BT 431.13 128.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 478.79 128.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 524.24 128.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.60 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.88 116.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 128.58 116.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 159.96 116.25 Td (low ) Tj ET Q q 0 0 0 rg BT 177.46 116.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.17 116.25 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 246.62 116.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 295.21 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.48 116.25 Td (India ) Tj ET Q q 0 0 0 rg BT 328.53 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.47 116.25 Td (Singapore.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 94.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.35 94.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 123.46 94.25 Td (income ) Tj ET Q q 0 0 0 rg BT 155.69 94.25 Td (from ) Tj ET Q q 0 0 0 rg BT 177.93 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.17 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.19 94.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 254.07 94.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 291.87 94.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.88 94.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 328.56 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.14 94.25 Td (each ) Tj ET Q q 0 0 0 rg BT 360.25 94.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 408.60 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.18 94.25 Td (which ) Tj ET Q q 0 0 0 rg BT 446.42 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.44 94.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.12 94.25 Td (had ) Tj ET Q q 0 0 0 rg BT 520.36 94.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 98.58 82.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 128.30 82.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 186.88 82.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 209.38 82.25 Td (are ) Tj ET Q q 0 0 0 rg BT 224.09 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 234.92 82.25 Td (follows: ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 685.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 685.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 685.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 655.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 655.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 655.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 625.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 625.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 625.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 595.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 595.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 595.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 565.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 565.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 565.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 535.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 535.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 535.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 685.6 m 367.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 685.6 m 471.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 520.6 m 367.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 506.6 m 367.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 504.6 m 367.5 504.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 166.00 700.28 Td (\(dollar amounts in) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 166.00 690.28 Td (thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.70 690.28 Td (Pre-tax income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.95 690.28 Td (Statutory tax rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 675.28 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 675.27 Td (1,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 675.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 675.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 660.28 Td (Canada) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 660.27 Td (\(1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 660.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 660.27 Td (26.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 660.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 645.28 Td (Brazil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 645.27 Td (1,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 645.27 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 645.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 630.28 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 630.27 Td (4,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 630.27 Td (30.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 630.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 615.28 Td (Singapore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 615.27 Td (13,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 615.27 Td (17.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 615.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 600.28 Td (New Zealand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 600.27 Td (568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 600.27 Td (28.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 600.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 585.28 Td (India*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 585.27 Td (58,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 585.27 Td (34.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 585.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 570.28 Td (Mauritius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.30 570.27 Td (\(672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 570.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 570.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 570.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 555.28 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 555.27 Td (2,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 555.27 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 555.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 540.28 Td (Sweden) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 540.27 Td (7,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 540.27 Td (22.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 540.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 525.28 Td (Dubai) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 525.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.00 510.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.15 510.28 Td (86,639) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.70 Td (*Note ) Tj ET Q q 0 0 0 rg BT 77.33 473.70 Td (- ) Tj ET Q q 0 0 0 rg BT 82.83 473.70 Td (While ) Tj ET Q q 0 0 0 rg BT 110.72 473.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.39 473.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 159.84 473.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.50 473.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.05 473.70 Td (in ) Tj ET Q q 0 0 0 rg BT 205.73 473.70 Td (India ) Tj ET Q q 0 0 0 rg BT 230.86 473.70 Td (is ) Tj ET Q q 0 0 0 rg BT 239.87 473.70 Td (34.6%, ) Tj ET Q q 0 0 0 rg BT 272.20 473.70 Td (the ) Tj ET Q q 0 0 0 rg BT 287.87 473.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 327.42 473.70 Td (of ) Tj ET Q q 0 0 0 rg BT 338.08 473.70 Td (Ebix) Tj ET Q q 0 0 0 rg BT 361.05 473.70 Td (s ) Tj ET Q q 0 0 0 rg BT 367.28 473.70 Td (income ) Tj ET Q q 0 0 0 rg BT 400.17 473.70 Td (in ) Tj ET Q q 0 0 0 rg BT 410.84 473.70 Td (India ) Tj ET Q q 0 0 0 rg BT 435.98 473.70 Td (is ) Tj ET Q q 0 0 0 rg BT 444.98 473.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 476.76 473.70 Td (in ) Tj ET Q q 0 0 0 rg BT 487.44 473.70 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 543.12 473.70 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 456.30 Td (a ) Tj ET Q q 0 0 0 rg BT 57.50 456.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 73.33 456.30 Td (holiday) Tj ET Q q 0 0 0 rg BT 104.46 456.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.30 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 104.09 412.30 Td ( ) Tj ET Q q 0 0 0 rg BT 106.04 412.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 130.20 412.30 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 160.57 412.30 Td (AL) Tj ET Q q 0 0 0 rg BT 173.91 412.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.41 412.30 Td (RESOURCES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 390.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 116.75 390.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 154.48 390.30 Td (sources ) Tj ET Q q 0 0 0 rg BT 186.67 390.30 Td (of ) Tj ET Q q 0 0 0 rg BT 197.19 390.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 233.28 390.30 Td (are ) Tj ET Q q 0 0 0 rg BT 247.68 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 262.09 390.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.06 390.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 306.47 390.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 344.21 390.30 Td (by ) Tj ET Q q 0 0 0 rg BT 356.41 390.30 Td (our ) Tj ET Q q 0 0 0 rg BT 371.93 390.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 411.89 390.30 Td (activities, ) Tj ET Q q 0 0 0 rg BT 452.69 390.30 Td (our ) Tj ET Q q 0 0 0 rg BT 468.21 390.30 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.60 390.30 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.24 390.30 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.30 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 378.30 Td (, ) Tj ET Q q 0 0 0 rg BT 82.67 378.30 Td (and ) Tj ET Q q 0 0 0 rg BT 99.61 378.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.88 378.30 Td (and ) Tj ET Q q 0 0 0 rg BT 136.82 378.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.08 378.30 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 205.13 378.30 Td (on ) Tj ET Q q 0 0 0 rg BT 217.63 378.30 Td (hand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 356.30 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 356.30 Td (e ) Tj ET Q q 0 0 0 rg BT 113.83 356.30 Td (intend ) Tj ET Q q 0 0 0 rg BT 140.57 356.30 Td (to ) Tj ET Q q 0 0 0 rg BT 150.10 356.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 186.28 356.30 Td (to ) Tj ET Q q 0 0 0 rg BT 195.81 356.30 Td (utilize ) Tj ET Q q 0 0 0 rg BT 222.55 356.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.07 356.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.04 356.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 306.65 356.30 Td (by ) Tj ET Q q 0 0 0 rg BT 318.40 356.30 Td (our ) Tj ET Q q 0 0 0 rg BT 333.48 356.30 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 368.01 356.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 407.52 356.30 Td (activities, ) Tj ET Q q 0 0 0 rg BT 447.87 356.30 Td (in ) Tj ET Q q 0 0 0 rg BT 457.40 356.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 509.14 356.30 Td (with ) Tj ET Q q 0 0 0 rg BT 528.66 356.30 Td (possibly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.30 Td (expanding ) Tj ET Q q 0 0 0 rg BT 95.59 344.30 Td (our ) Tj ET Q q 0 0 0 rg BT 112.86 344.30 Td (commercial ) Tj ET Q q 0 0 0 rg BT 164.00 344.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 197.93 344.30 Td (facility) Tj ET Q q 0 0 0 rg BT 225.60 344.30 Td (, ) Tj ET Q q 0 0 0 rg BT 232.04 344.30 Td (and ) Tj ET Q q 0 0 0 rg BT 250.42 344.30 Td (the ) Tj ET Q q 0 0 0 rg BT 266.57 344.30 Td (possible ) Tj ET Q q 0 0 0 rg BT 303.29 344.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 341.11 344.30 Td (of ) Tj ET Q q 0 0 0 rg BT 353.37 344.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 397.30 344.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 426.24 344.30 Td (or ) Tj ET Q q 0 0 0 rg BT 438.50 344.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 459.66 344.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 501.36 344.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.08 344.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 535.35 344.30 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 104.23 332.30 Td (and ) Tj ET Q q 0 0 0 rg BT 121.80 332.30 Td (or) Tj ET Q q 0 0 0 rg BT 129.95 332.30 Td (ganic ) Tj ET Q q 0 0 0 rg BT 154.74 332.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 186.21 332.30 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 231.28 332.30 Td (to ) Tj ET Q q 0 0 0 rg BT 242.19 332.30 Td (make ) Tj ET Q q 0 0 0 rg BT 266.98 332.30 Td (strategic ) Tj ET Q q 0 0 0 rg BT 303.99 332.30 Td (business ) Tj ET Q q 0 0 0 rg BT 341.02 332.30 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 394.42 332.30 Td (to ) Tj ET Q q 0 0 0 rg BT 405.34 332.30 Td (retire ) Tj ET Q q 0 0 0 rg BT 429.57 332.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 479.37 332.30 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 536.66 332.30 Td (and ) Tj ET Q q 0 0 0 rg BT 554.23 332.30 Td (to ) Tj ET Q q 0 0 0 rg BT 564.51 332.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.30 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.81 320.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 123.30 320.30 Td (of ) Tj ET Q q 0 0 0 rg BT 134.13 320.30 Td (our ) Tj ET Q q 0 0 0 rg BT 149.96 320.30 Td (common ) Tj ET Q q 0 0 0 rg BT 187.45 320.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 211.06 320.30 Td (if ) Tj ET Q q 0 0 0 rg BT 219.67 320.30 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 320.30 Td (as ) Tj ET Q q 0 0 0 rg BT 247.44 320.30 Td (market ) Tj ET Q q 0 0 0 rg BT 277.70 320.30 Td (and ) Tj ET Q q 0 0 0 rg BT 294.64 320.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 334.90 320.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 379.07 320.30 Td (warrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 298.30 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 298.30 Td (e ) Tj ET Q q 0 0 0 rg BT 114.91 298.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 146.62 298.30 Td (that ) Tj ET Q q 0 0 0 rg BT 164.45 298.30 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 211.15 298.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.76 298.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 252.92 298.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 291.31 298.30 Td (by ) Tj ET Q q 0 0 0 rg BT 304.14 298.30 Td (our ) Tj ET Q q 0 0 0 rg BT 320.31 298.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 360.91 298.30 Td (activities, ) Tj ET Q q 0 0 0 rg BT 402.34 298.30 Td (together ) Tj ET Q q 0 0 0 rg BT 437.94 298.30 Td (with ) Tj ET Q q 0 0 0 rg BT 458.56 298.30 Td (current ) Tj ET Q q 0 0 0 rg BT 489.71 298.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.31 298.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 547.57 298.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.30 Td (access ) Tj ET Q q 0 0 0 rg BT 78.38 286.30 Td (to ) Tj ET Q q 0 0 0 rg BT 89.00 286.30 Td (our ) Tj ET Q q 0 0 0 rg BT 105.17 286.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 130.78 286.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 168.05 286.30 Td (and ) Tj ET Q q 0 0 0 rg BT 185.33 286.30 Td (the ) Tj ET Q q 0 0 0 rg BT 200.39 286.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 229.88 286.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 266.88 286.30 Td (if ) Tj ET Q q 0 0 0 rg BT 275.83 286.30 Td (required, ) Tj ET Q q 0 0 0 rg BT 314.48 286.30 Td (will ) Tj ET Q q 0 0 0 rg BT 332.88 286.30 Td (be ) Tj ET Q q 0 0 0 rg BT 345.16 286.30 Td (suf) Tj ET Q q 0 0 0 rg BT 357.20 286.30 Td (ficient ) Tj ET Q q 0 0 0 rg BT 385.59 286.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.21 286.30 Td (meet ) Tj ET Q q 0 0 0 rg BT 418.48 286.30 Td (our ) Tj ET Q q 0 0 0 rg BT 434.65 286.30 Td (projected ) Tj ET Q q 0 0 0 rg BT 474.70 286.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.31 286.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 550.35 286.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.98 274.30 Td (next ) Tj ET Q q 0 0 0 rg BT 84.95 274.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 114.37 274.30 Td (months, ) Tj ET Q q 0 0 0 rg BT 149.08 274.30 Td (although ) Tj ET Q q 0 0 0 rg BT 186.83 274.30 Td (any ) Tj ET Q q 0 0 0 rg BT 204.03 274.30 Td (projections ) Tj ET Q q 0 0 0 rg BT 251.23 274.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.32 274.30 Td (future ) Tj ET Q q 0 0 0 rg BT 288.95 274.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.48 274.30 Td (needs, ) Tj ET Q q 0 0 0 rg BT 337.51 274.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 358.04 274.30 Td (flows, ) Tj ET Q q 0 0 0 rg BT 385.52 274.30 Td (and ) Tj ET Q q 0 0 0 rg BT 402.72 274.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.70 274.30 Td (general ) Tj ET Q q 0 0 0 rg BT 449.88 274.30 Td (market ) Tj ET Q q 0 0 0 rg BT 480.41 274.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 524.83 274.30 Td (for ) Tj ET Q q 0 0 0 rg BT 539.25 274.30 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 262.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 94.27 262.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 134.45 262.30 Td (is ) Tj ET Q q 0 0 0 rg BT 143.54 262.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 174.28 262.30 Td (to ) Tj ET Q q 0 0 0 rg BT 184.47 262.30 Td (substantial ) Tj ET Q q 0 0 0 rg BT 229.66 262.30 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 273.99 262.30 Td (. ) Tj ET Q q 0 0 0 rg BT 278.91 262.30 Td (In ) Tj ET Q q 0 0 0 rg BT 289.66 262.30 Td (the ) Tj ET Q q 0 0 0 rg BT 304.29 262.30 Td (event ) Tj ET Q q 0 0 0 rg BT 328.36 262.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 370.77 262.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 407.08 262.30 Td (needs ) Tj ET Q q 0 0 0 rg BT 432.27 262.30 Td (arise, ) Tj ET Q q 0 0 0 rg BT 456.06 262.30 Td (we ) Tj ET Q q 0 0 0 rg BT 470.14 262.30 Td (may ) Tj ET Q q 0 0 0 rg BT 489.77 262.30 Td (raise ) Tj ET Q q 0 0 0 rg BT 511.06 262.30 Td (funds ) Tj ET Q q 0 0 0 rg BT 535.70 262.30 Td (from ) Tj ET Q q 0 0 0 rg BT 557.56 262.30 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 102.56 250.30 Td (of ) Tj ET Q q 0 0 0 rg BT 113.45 250.30 Td (sources, ) Tj ET Q q 0 0 0 rg BT 148.51 250.30 Td (including ) Tj ET Q q 0 0 0 rg BT 188.84 250.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.63 250.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 241.18 250.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 277.62 250.30 Td (of ) Tj ET Q q 0 0 0 rg BT 288.52 250.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 308.30 250.30 Td (or ) Tj ET Q q 0 0 0 rg BT 319.19 250.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.75 250.30 Td (securities. ) Tj ET Q q 0 0 0 rg BT 389.58 250.30 Td (However) Tj ET Q q 0 0 0 rg BT 425.83 250.30 Td (, ) Tj ET Q q 0 0 0 rg BT 430.90 250.30 Td (there ) Tj ET Q q 0 0 0 rg BT 453.45 250.30 Td (are ) Tj ET Q q 0 0 0 rg BT 468.22 250.30 Td (no ) Tj ET Q q 0 0 0 rg BT 480.79 250.30 Td (assurances ) Tj ET Q q 0 0 0 rg BT 526.11 250.30 Td (that ) Tj ET Q q 0 0 0 rg BT 543.67 250.30 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.26 238.30 Td (will ) Tj ET Q q 0 0 0 rg BT 108.32 238.30 Td (be ) Tj ET Q q 0 0 0 rg BT 120.26 238.30 Td (available ) Tj ET Q q 0 0 0 rg BT 158.85 238.30 Td (in ) Tj ET Q q 0 0 0 rg BT 169.13 238.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 205.51 238.30 Td (or ) Tj ET Q q 0 0 0 rg BT 216.34 238.30 Td (on ) Tj ET Q q 0 0 0 rg BT 228.84 238.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 253.56 238.30 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 298.25 238.30 Td (to ) Tj ET Q q 0 0 0 rg BT 308.53 238.30 Td (us, ) Tj ET Q q 0 0 0 rg BT 322.42 238.30 Td (if ) Tj ET Q q 0 0 0 rg BT 331.03 238.30 Td (at ) Tj ET Q q 0 0 0 rg BT 340.74 238.30 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 216.30 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 216.30 Td (e ) Tj ET Q q 0 0 0 rg BT 115.24 216.30 Td (regularly ) Tj ET Q q 0 0 0 rg BT 154.50 216.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 190.97 216.30 Td (our ) Tj ET Q q 0 0 0 rg BT 207.47 216.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 244.52 216.30 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 302.39 216.30 Td (including ) Tj ET Q q 0 0 0 rg BT 343.33 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 358.71 216.30 Td (need ) Tj ET Q q 0 0 0 rg BT 380.75 216.30 Td (for ) Tj ET Q q 0 0 0 rg BT 395.57 216.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 438.73 216.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 459.11 216.30 Td (or ) Tj ET Q q 0 0 0 rg BT 470.60 216.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 498.76 216.30 Td (of) Tj ET Q q 0 0 0 rg BT 506.91 216.30 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 540.34 216.30 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.30 Td (considering ) Tj ET Q q 0 0 0 rg BT 99.20 204.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 136.73 204.30 Td (business ) Tj ET Q q 0 0 0 rg BT 173.17 204.30 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 225.99 204.30 Td (or ) Tj ET Q q 0 0 0 rg BT 236.86 204.30 Td (the ) Tj ET Q q 0 0 0 rg BT 251.62 204.30 Td (development ) Tj ET Q q 0 0 0 rg BT 305.82 204.30 Td (of ) Tj ET Q q 0 0 0 rg BT 316.69 204.30 Td (new ) Tj ET Q q 0 0 0 rg BT 335.89 204.30 Td (products ) Tj ET Q q 0 0 0 rg BT 372.88 204.30 Td (or ) Tj ET Q q 0 0 0 rg BT 383.75 204.30 Td (services. ) Tj ET Q q 0 0 0 rg BT 421.00 204.30 Td (During ) Tj ET Q q 0 0 0 rg BT 451.88 204.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 476.92 204.30 Td (the ) Tj ET Q q 0 0 0 rg BT 491.68 204.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.11 204.30 Td (intends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 192.30 Td (utilize ) Tj ET Q q 0 0 0 rg BT 86.73 192.30 Td (its ) Tj ET Q q 0 0 0 rg BT 98.16 192.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.91 192.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.32 192.30 Td (other ) Tj ET Q q 0 0 0 rg BT 156.85 192.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 196.59 192.30 Td (resources ) Tj ET Q q 0 0 0 rg BT 236.33 192.30 Td (to ) Tj ET Q q 0 0 0 rg BT 246.09 192.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 266.40 192.30 Td (or) Tj ET Q q 0 0 0 rg BT 274.55 192.30 Td (ganic ) Tj ET Q q 0 0 0 rg BT 298.19 192.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 328.50 192.30 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 372.41 192.30 Td (strategic ) Tj ET Q q 0 0 0 rg BT 408.27 192.30 Td (business ) Tj ET Q q 0 0 0 rg BT 444.14 192.30 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 496.39 192.30 Td (and ) Tj ET Q q 0 0 0 rg BT 512.81 192.30 Td (new ) Tj ET Q q 0 0 0 rg BT 531.45 192.30 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.30 Td (development ) Tj ET Q q 0 0 0 rg BT 104.15 180.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 146.09 180.30 Td (and ) Tj ET Q q 0 0 0 rg BT 163.03 180.30 Td (service ) Tj ET Q q 0 0 0 rg BT 193.84 180.30 Td (of) Tj ET Q q 0 0 0 rg BT 201.99 180.30 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.78 158.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.78 158.30 Td (and ) Tj ET Q q 0 0 0 rg BT 140.44 158.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.44 158.30 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 208.21 158.30 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.87 158.30 Td ($1) Tj ET Q q 0 0 0 rg BT 239.50 158.30 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 259.22 158.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.11 158.30 Td ( ) Tj ET Q q 0 0 0 rg BT 290.34 158.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.01 158.30 Td ($57.2 ) Tj ET Q q 0 0 0 rg BT 331.74 158.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.63 158.30 Td ( ) Tj ET Q q 0 0 0 rg BT 362.86 158.30 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 158.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.61 158.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.61 158.30 Td ( ) Tj ET Q q 0 0 0 rg BT 452.84 158.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.51 158.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.51 158.30 Td (, ) Tj ET Q q 0 0 0 rg BT 494.24 158.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.90 158.30 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 158.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.53 146.30 Td (holds ) Tj ET Q q 0 0 0 rg BT 115.85 146.30 Td (material ) Tj ET Q q 0 0 0 rg BT 151.26 146.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.68 146.30 Td (and ) Tj ET Q q 0 0 0 rg BT 188.76 146.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.18 146.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 253.48 146.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 290.55 146.30 Td (overseas ) Tj ET Q q 0 0 0 rg BT 327.63 146.30 Td (in ) Tj ET Q q 0 0 0 rg BT 338.05 146.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 369.58 146.30 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 423.98 146.30 Td (The ) Tj ET Q q 0 0 0 rg BT 442.17 146.30 Td (free ) Tj ET Q q 0 0 0 rg BT 460.36 146.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 481.33 146.30 Td (of ) Tj ET Q q 0 0 0 rg BT 492.31 146.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 512.73 146.30 Td (from ) Tj ET Q q 0 0 0 rg BT 534.82 146.30 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.30 Td (countries ) Tj ET Q q 0 0 0 rg BT 88.24 134.30 Td (where ) Tj ET Q q 0 0 0 rg BT 114.25 134.30 Td (we ) Tj ET Q q 0 0 0 rg BT 127.49 134.30 Td (hold ) Tj ET Q q 0 0 0 rg BT 146.86 134.30 Td (such ) Tj ET Q q 0 0 0 rg BT 166.77 134.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 202.78 134.30 Td (may ) Tj ET Q q 0 0 0 rg BT 221.58 134.30 Td (be ) Tj ET Q q 0 0 0 rg BT 232.60 134.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 262.51 134.30 Td (to ) Tj ET Q q 0 0 0 rg BT 271.87 134.30 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 319.54 134.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 333.34 134.30 Td (ef) Tj ET Q q 0 0 0 rg BT 340.93 134.30 Td (fects ) Tj ET Q q 0 0 0 rg BT 361.39 134.30 Td (and ) Tj ET Q q 0 0 0 rg BT 377.41 134.30 Td (other ) Tj ET Q q 0 0 0 rg BT 399.54 134.30 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 448.06 134.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 502.13 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.93 134.30 Td (repatriation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.30 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 122.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 97.75 122.30 Td (from ) Tj ET Q q 0 0 0 rg BT 119.97 122.30 Td (some ) Tj ET Q q 0 0 0 rg BT 143.85 122.30 Td (of ) Tj ET Q q 0 0 0 rg BT 154.95 122.30 Td (our ) Tj ET Q q 0 0 0 rg BT 171.05 122.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 202.71 122.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 252.70 122.30 Td (would ) Tj ET Q q 0 0 0 rg BT 280.47 122.30 Td (result ) Tj ET Q q 0 0 0 rg BT 305.46 122.30 Td (in ) Tj ET Q q 0 0 0 rg BT 316.01 122.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 122.30 Td (application ) Tj ET Q q 0 0 0 rg BT 378.20 122.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.31 122.30 Td (withholding ) Tj ET Q q 0 0 0 rg BT 440.42 122.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 463.74 122.30 Td (at ) Tj ET Q q 0 0 0 rg BT 473.73 122.30 Td (source ) Tj ET Q q 0 0 0 rg BT 502.60 122.30 Td (and ) Tj ET Q q 0 0 0 rg BT 519.81 122.30 Td (taxation ) Tj ET Q q 0 0 0 rg BT 554.79 122.30 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.10 110.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 83.77 110.30 Td (parent ) Tj ET Q q 0 0 0 rg BT 110.64 110.30 Td (level ) Tj ET Q q 0 0 0 rg BT 131.95 110.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 153.84 110.30 Td (receipt ) Tj ET Q q 0 0 0 rg BT 182.92 110.30 Td (of ) Tj ET Q q 0 0 0 rg BT 193.14 110.30 Td (the ) Tj ET Q q 0 0 0 rg BT 207.24 110.30 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 255.21 110.30 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 293.35 110.30 Td (The ) Tj ET Q q 0 0 0 rg BT 310.78 110.30 Td (approximate ) Tj ET Q q 0 0 0 rg BT 362.64 110.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 384.79 110.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.44 110.30 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 454.37 110.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.69 110.30 Td (short-term ) Tj ET Q q 0 0 0 rg BT 514.23 110.30 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 87.45 98.30 Td (held ) Tj ET Q q 0 0 0 rg BT 107.69 98.30 Td (in ) Tj ET Q q 0 0 0 rg BT 118.49 98.30 Td (our ) Tj ET Q q 0 0 0 rg BT 134.84 98.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 173.97 98.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 194.78 98.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 239.46 98.30 Td (and ) Tj ET Q q 0 0 0 rg BT 256.92 98.30 Td (each ) Tj ET Q q 0 0 0 rg BT 278.26 98.30 Td (of ) Tj ET Q q 0 0 0 rg BT 289.61 98.30 Td (our ) Tj ET Q q 0 0 0 rg BT 305.97 98.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 337.87 98.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 388.11 98.30 Td (as ) Tj ET Q q 0 0 0 rg BT 399.46 98.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.82 98.30 Td (February27, ) Tj ET Q q 0 0 0 rg BT 464.94 98.30 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.94 98.30 Td ( ) Tj ET Q q 0 0 0 rg BT 487.96 98.30 Td (is ) Tj ET Q q 0 0 0 rg BT 497.66 98.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 539.00 98.30 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 98.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.30 Td (table ) Tj ET Q q 0 0 0 rg BT 71.93 86.30 Td (below ) Tj ET Q q 0 0 0 rg BT 98.87 86.30 Td (\(figures ) Tj ET Q q 0 0 0 rg BT 132.47 86.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 186.62 86.30 Td (in ) Tj ET Q q 0 0 0 rg BT 196.90 86.30 Td (thousands\):) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 724.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 724.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 724.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 694.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 694.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 694.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 664.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 664.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 664.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 634.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 634.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 604.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 604.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 604.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 574.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 574.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 574.50 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 724.5 m 407.5 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 574.5 m 407.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 560.5 m 407.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 558.5 m 407.5 558.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.55 739.18 Td (Cash and ST) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.70 729.18 Td (investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 714.18 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 714.17 Td (26,006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 699.18 Td (Canada) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 699.17 Td (4,016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 684.18 Td (Latin America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 684.17 Td (4,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 669.18 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 669.17 Td (13,611) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 654.18 Td (Singapore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 654.17 Td (24,832) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 639.18 Td (New Zealand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 639.17 Td (3,120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 624.18 Td (India) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 624.17 Td (44,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 609.18 Td (Mauritius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 609.17 Td (145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 594.18 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 594.17 Td (5,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 579.18 Td (Sweden) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 579.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 564.18 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 564.18 Td (126,006) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 526.00 Td (Due ) Tj ET Q q 0 0 0 rg BT 116.94 526.00 Td (to ) Tj ET Q q 0 0 0 rg BT 126.00 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.49 526.00 Td (ef) Tj ET Q q 0 0 0 rg BT 147.08 526.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 163.34 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 172.95 526.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 215.32 526.00 Td (or ) Tj ET Q q 0 0 0 rg BT 224.93 526.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 252.32 526.00 Td (dif) Tj ET Q q 0 0 0 rg BT 263.25 526.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 297.83 526.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 334.11 526.00 Td (from ) Tj ET Q q 0 0 0 rg BT 354.82 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.32 526.00 Td (dif) Tj ET Q q 0 0 0 rg BT 379.25 526.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 404.40 526.00 Td (treatment ) Tj ET Q q 0 0 0 rg BT 443.44 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 453.05 526.00 Td (items ) Tj ET Q q 0 0 0 rg BT 475.99 526.00 Td (for ) Tj ET Q q 0 0 0 rg BT 488.93 526.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 502.42 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 518.14 526.00 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 88.78 514.00 Td (and ) Tj ET Q q 0 0 0 rg BT 106.45 514.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 148.56 514.00 Td (alternative ) Tj ET Q q 0 0 0 rg BT 193.99 514.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.43 514.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 257.10 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 268.11 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.55 514.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 304.57 514.00 Td (and ) Tj ET Q q 0 0 0 rg BT 322.23 514.00 Td (India, ) Tj ET Q q 0 0 0 rg BT 348.51 514.00 Td (future ) Tj ET Q q 0 0 0 rg BT 375.61 514.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.61 514.00 Td (outlays ) Tj ET Q q 0 0 0 rg BT 428.72 514.00 Td (for ) Tj ET Q q 0 0 0 rg BT 443.61 514.00 Td (income ) Tj ET Q q 0 0 0 rg BT 476.27 514.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 500.04 514.00 Td (are ) Tj ET Q q 0 0 0 rg BT 515.48 514.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.24 514.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.00 Td (exceed ) Tj ET Q q 0 0 0 rg BT 80.39 502.00 Td (our ) Tj ET Q q 0 0 0 rg BT 96.35 502.00 Td (current ) Tj ET Q q 0 0 0 rg BT 127.30 502.00 Td (income ) Tj ET Q q 0 0 0 rg BT 159.37 502.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 174.22 502.00 Td (expense, ) Tj ET Q q 0 0 0 rg BT 211.56 502.00 Td (but ) Tj ET Q q 0 0 0 rg BT 226.97 502.00 Td (will ) Tj ET Q q 0 0 0 rg BT 245.16 502.00 Td (not ) Tj ET Q q 0 0 0 rg BT 260.57 502.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 303.74 502.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.59 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 348.44 502.00 Td (Company) Tj ET Q q 0 0 0 rg BT 390.10 502.00 Td (s ) Tj ET Q q 0 0 0 rg BT 396.63 502.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 433.15 502.00 Td (position. ) Tj ET Q q 0 0 0 rg BT 470.51 502.00 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 514.81 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 525.22 502.00 Td (2009, ) Tj ET Q q 0 0 0 rg BT 550.35 502.00 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.00 Td (were ) Tj ET Q q 0 0 0 rg BT 72.25 490.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 105.06 490.00 Td (a ) Tj ET Q q 0 0 0 rg BT 112.32 490.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 138.47 490.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.51 490.00 Td (holiday ) Tj ET Q q 0 0 0 rg BT 186.32 490.00 Td (for ) Tj ET Q q 0 0 0 rg BT 200.80 490.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.83 490.00 Td (of ) Tj ET Q q 0 0 0 rg BT 241.98 490.00 Td (our ) Tj ET Q q 0 0 0 rg BT 258.13 490.00 Td (Indian ) Tj ET Q q 0 0 0 rg BT 286.50 490.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 333.47 490.00 Td (which ) Tj ET Q q 0 0 0 rg BT 360.73 490.00 Td (was ) Tj ET Q q 0 0 0 rg BT 379.11 490.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.71 490.00 Td (ef) Tj ET Q q 0 0 0 rg BT 397.29 490.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 415.10 490.00 Td (until ) Tj ET Q q 0 0 0 rg BT 436.26 490.00 Td (March ) Tj ET Q q 0 0 0 rg BT 465.18 490.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 480.50 490.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 503.32 490.00 Td (and ) Tj ET Q q 0 0 0 rg BT 520.58 490.00 Td (March ) Tj ET Q q 0 0 0 rg BT 549.50 490.00 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 73.01 478.00 Td (for ) Tj ET Q q 0 0 0 rg BT 87.67 478.00 Td (some ) Tj ET Q q 0 0 0 rg BT 111.79 478.00 Td (of ) Tj ET Q q 0 0 0 rg BT 123.13 478.00 Td (our ) Tj ET Q q 0 0 0 rg BT 139.46 478.00 Td (locations ) Tj ET Q q 0 0 0 rg BT 178.57 478.00 Td (and ) Tj ET Q q 0 0 0 rg BT 196.02 478.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 237.35 478.00 Td (until ) Tj ET Q q 0 0 0 rg BT 258.69 478.00 Td (March ) Tj ET Q q 0 0 0 rg BT 287.80 478.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.30 478.00 Td (2020 ) Tj ET Q q 0 0 0 rg BT 326.31 478.00 Td (for ) Tj ET Q q 0 0 0 rg BT 340.98 478.00 Td (other ) Tj ET Q q 0 0 0 rg BT 364.53 478.00 Td (locations. ) Tj ET Q q 0 0 0 rg BT 408.43 478.00 Td (When ) Tj ET Q q 0 0 0 rg BT 435.31 478.00 Td (these ) Tj ET Q q 0 0 0 rg BT 458.86 478.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 474.09 478.00 Td (holidays ) Tj ET Q q 0 0 0 rg BT 510.98 478.00 Td (expire, ) Tj ET Q q 0 0 0 rg BT 541.47 478.00 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.00 Td (locations ) Tj ET Q q 0 0 0 rg BT 88.19 466.00 Td (become ) Tj ET Q q 0 0 0 rg BT 121.38 466.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 152.34 466.00 Td (at ) Tj ET Q q 0 0 0 rg BT 161.64 466.00 Td (50% ) Tj ET Q q 0 0 0 rg BT 182.06 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 192.48 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 206.79 466.00 Td (normal ) Tj ET Q q 0 0 0 rg BT 237.20 466.00 Td (33.99% ) Tj ET Q q 0 0 0 rg BT 270.12 466.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 309.96 466.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 324.27 466.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 341.34 466.00 Td (for ) Tj ET Q q 0 0 0 rg BT 355.09 466.00 Td (an ) Tj ET Q q 0 0 0 rg BT 366.62 466.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.70 466.00 Td (5 ) Tj ET Q q 0 0 0 rg BT 415.79 466.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 443.82 466.00 Td (The ) Tj ET Q q 0 0 0 rg BT 461.46 466.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 490.76 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 501.18 466.00 Td (this ) Tj ET Q q 0 0 0 rg BT 517.71 466.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 532.02 466.00 Td (holiday ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 91.44 454.00 Td (our ) Tj ET Q q 0 0 0 rg BT 106.80 454.00 Td (non-US ) Tj ET Q q 0 0 0 rg BT 139.94 454.00 Td (income ) Tj ET Q q 0 0 0 rg BT 171.40 454.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 185.64 454.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 219.87 454.00 Td (by ) Tj ET Q q 0 0 0 rg BT 231.90 454.00 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 256.43 454.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 289.84 454.00 Td (or ) Tj ET Q q 0 0 0 rg BT 300.20 454.00 Td ($0.41 ) Tj ET Q q 0 0 0 rg BT 324.73 454.00 Td (per ) Tj ET Q q 0 0 0 rg BT 339.52 454.00 Td (diluted ) Tj ET Q q 0 0 0 rg BT 369.32 454.00 Td (share, ) Tj ET Q q 0 0 0 rg BT 394.95 454.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.41 454.00 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 435.94 454.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 469.36 454.00 Td (or ) Tj ET Q q 0 0 0 rg BT 479.71 454.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 539.50 454.00 Td ($0.59 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.00 Td (per ) Tj ET Q q 0 0 0 rg BT 65.27 442.00 Td (diluted ) Tj ET Q q 0 0 0 rg BT 95.54 442.00 Td (share ) Tj ET Q q 0 0 0 rg BT 119.14 442.00 Td (for ) Tj ET Q q 0 0 0 rg BT 133.30 442.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 155.80 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.74 442.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 197.74 442.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 245.40 442.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 418.00 Td (In ) Tj ET Q q 0 0 0 rg BT 97.16 418.00 Td (January ) Tj ET Q q 0 0 0 rg BT 131.09 418.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 156.41 418.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 178.13 418.00 Td (reached ) Tj ET Q q 0 0 0 rg BT 212.04 418.00 Td (a ) Tj ET Q q 0 0 0 rg BT 219.31 418.00 Td (resolution ) Tj ET Q q 0 0 0 rg BT 262.13 418.00 Td (with ) Tj ET Q q 0 0 0 rg BT 282.74 418.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.79 418.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 331.71 418.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 369.52 418.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 402.34 418.00 Td (with ) Tj ET Q q 0 0 0 rg BT 422.94 418.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 454.09 418.00 Td (to ) Tj ET Q q 0 0 0 rg BT 464.69 418.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.74 418.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 524.78 418.00 Td (disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 72.60 406.00 Td (of ) Tj ET Q q 0 0 0 rg BT 83.53 406.00 Td (Ebix) Tj ET Q q 0 0 0 rg BT 105.20 406.00 Td (s ) Tj ET Q q 0 0 0 rg BT 111.69 406.00 Td (income ) Tj ET Q q 0 0 0 rg BT 143.73 406.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.54 406.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 188.92 406.00 Td (for ) Tj ET Q q 0 0 0 rg BT 203.18 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 218.00 406.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 249.47 406.00 Td (years ) Tj ET Q q 0 0 0 rg BT 273.17 406.00 Td (2008 ) Tj ET Q q 0 0 0 rg BT 295.78 406.00 Td (through ) Tj ET Q q 0 0 0 rg BT 329.49 406.00 Td (2012.) Tj ET Q q 0 0 0 rg BT 354.31 406.00 Td (The ) Tj ET Q q 0 0 0 rg BT 372.46 406.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 419.50 406.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 453.75 406.00 Td (in ) Tj ET Q q 0 0 0 rg BT 464.14 406.00 Td (a ) Tj ET Q q 0 0 0 rg BT 471.18 406.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.55 406.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 528.58 406.00 Td (of ) Tj ET Q q 0 0 0 rg BT 539.52 406.00 Td ($20.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 83.67 394.00 Td (including ) Tj ET Q q 0 0 0 rg BT 123.73 394.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 155.45 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 166.06 394.00 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 185.84 394.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 219.35 394.00 Td (This ) Tj ET Q q 0 0 0 rg BT 239.41 394.00 Td (resolution ) Tj ET Q q 0 0 0 rg BT 281.69 394.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 317.30 394.00 Td (all ) Tj ET Q q 0 0 0 rg BT 329.58 394.00 Td (issues ) Tj ET Q q 0 0 0 rg BT 355.75 394.00 Td (for ) Tj ET Q q 0 0 0 rg BT 369.69 394.00 Td (the ) Tj ET Q q 0 0 0 rg BT 384.19 394.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 415.35 394.00 Td (years ) Tj ET Q q 0 0 0 rg BT 438.73 394.00 Td (2008 ) Tj ET Q q 0 0 0 rg BT 461.01 394.00 Td (through ) Tj ET Q q 0 0 0 rg BT 494.40 394.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 519.19 394.00 Td (In ) Tj ET Q q 0 0 0 rg BT 529.80 394.00 Td (October ) Tj ET Q q 0 0 0 rg BT 564.51 394.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.74 382.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 94.37 382.00 Td (reached ) Tj ET Q q 0 0 0 rg BT 128.19 382.00 Td (a ) Tj ET Q q 0 0 0 rg BT 135.37 382.00 Td (resolution ) Tj ET Q q 0 0 0 rg BT 178.11 382.00 Td (with ) Tj ET Q q 0 0 0 rg BT 198.63 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.58 382.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 247.42 382.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 285.15 382.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 317.87 382.00 Td (with ) Tj ET Q q 0 0 0 rg BT 338.39 382.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 369.45 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 379.97 382.00 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 407.29 382.00 Td (income ) Tj ET Q q 0 0 0 rg BT 439.46 382.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.42 382.00 Td (return ) Tj ET Q q 0 0 0 rg BT 481.04 382.00 Td (for ) Tj ET Q q 0 0 0 rg BT 495.44 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.39 382.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 533.13 382.00 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.00 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 370.00 Td (. ) Tj ET Q q 0 0 0 rg BT 71.47 370.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.52 370.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 136.46 370.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 170.62 370.00 Td (in ) Tj ET Q q 0 0 0 rg BT 180.89 370.00 Td (a ) Tj ET Q q 0 0 0 rg BT 187.83 370.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.10 370.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 245.03 370.00 Td (of ) Tj ET Q q 0 0 0 rg BT 255.86 370.00 Td ($336 ) Tj ET Q q 0 0 0 rg BT 278.36 370.00 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 319.47 370.00 Td (including ) Tj ET Q q 0 0 0 rg BT 359.75 370.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 391.68 370.00 Td (of ) Tj ET Q q 0 0 0 rg BT 402.51 370.00 Td ($16 ) Tj ET Q q 0 0 0 rg BT 420.01 370.00 Td (thousand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 348.00 Td ( ) Tj ET Q q 0 0 0 rg BT 87.67 348.00 Td (The ) Tj ET Q q 0 0 0 rg BT 105.01 348.00 Td (Company) Tj ET Q q 0 0 0 rg BT 146.68 348.00 Td (s ) Tj ET Q q 0 0 0 rg BT 152.37 348.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 204.71 348.00 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 249.28 348.00 Td (ef) Tj ET Q q 0 0 0 rg BT 256.86 348.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 285.86 348.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.88 348.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.66 348.00 Td (is ) Tj ET Q q 0 0 0 rg BT 325.13 348.00 Td (relatively ) Tj ET Q q 0 0 0 rg BT 364.69 348.00 Td (low ) Tj ET Q q 0 0 0 rg BT 381.49 348.00 Td (because ) Tj ET Q q 0 0 0 rg BT 414.93 348.00 Td (of ) Tj ET Q q 0 0 0 rg BT 425.06 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 439.07 348.00 Td (ef) Tj ET Q q 0 0 0 rg BT 446.66 348.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 463.45 348.00 Td (of ) Tj ET Q q 0 0 0 rg BT 473.57 348.00 Td (conducting ) Tj ET Q q 0 0 0 rg BT 519.81 348.00 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.27 336.00 Td (in ) Tj ET Q q 0 0 0 rg BT 102.67 336.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 131.49 336.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 161.98 336.00 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 215.54 336.00 Td (specifically ) Tj ET Q q 0 0 0 rg BT 263.25 336.00 Td (India, ) Tj ET Q q 0 0 0 rg BT 287.92 336.00 Td (Dubai, ) Tj ET Q q 0 0 0 rg BT 316.47 336.00 Td ( ) Tj ET Q q 0 0 0 rg BT 318.09 336.00 Td (and ) Tj ET Q q 0 0 0 rg BT 334.15 336.00 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 378.81 336.00 Td (where ) Tj ET Q q 0 0 0 rg BT 404.86 336.00 Td (we ) Tj ET Q q 0 0 0 rg BT 418.13 336.00 Td (have ) Tj ET Q q 0 0 0 rg BT 438.63 336.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 452.46 336.00 Td (holidays ) Tj ET Q q 0 0 0 rg BT 487.97 336.00 Td (or ) Tj ET Q q 0 0 0 rg BT 497.92 336.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 511.75 336.00 Td (concessions. ) Tj ET Q q 0 0 0 rg BT 564.52 336.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.29 324.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 110.69 324.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.21 324.00 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 162.50 324.00 Td (before ) Tj ET Q q 0 0 0 rg BT 189.77 324.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 211.51 324.00 Td (were ) Tj ET Q q 0 0 0 rg BT 232.68 324.00 Td (taxed ) Tj ET Q q 0 0 0 rg BT 256.08 324.00 Td (at ) Tj ET Q q 0 0 0 rg BT 265.04 324.00 Td (a ) Tj ET Q q 0 0 0 rg BT 271.22 324.00 Td (10% ) Tj ET Q q 0 0 0 rg BT 291.29 324.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.24 324.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 321.97 324.00 Td (as ) Tj ET Q q 0 0 0 rg BT 332.04 324.00 Td (a ) Tj ET Q q 0 0 0 rg BT 338.22 324.00 Td (result ) Tj ET Q q 0 0 0 rg BT 362.18 324.00 Td (of ) Tj ET Q q 0 0 0 rg BT 372.25 324.00 Td (concessions ) Tj ET Q q 0 0 0 rg BT 421.76 324.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 453.48 324.00 Td (by ) Tj ET Q q 0 0 0 rg BT 465.22 324.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.18 324.00 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 521.47 324.00 Td (Economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.00 Td (Development ) Tj ET Q q 0 0 0 rg BT 106.73 312.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 134.02 312.00 Td (for ) Tj ET Q q 0 0 0 rg BT 148.53 312.00 Td (the ) Tj ET Q q 0 0 0 rg BT 163.60 312.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 194.22 312.00 Td (of ) Tj ET Q q 0 0 0 rg BT 205.40 312.00 Td (in-country ) Tj ET Q q 0 0 0 rg BT 249.91 312.00 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 297.18 312.00 Td (property ) Tj ET Q q 0 0 0 rg BT 333.91 312.00 Td (owners. ) Tj ET Q q 0 0 0 rg BT 368.15 312.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.80 312.00 Td (The ) Tj ET Q q 0 0 0 rg BT 389.20 312.00 Td (concessionary ) Tj ET Q q 0 0 0 rg BT 448.69 312.00 Td (10% ) Tj ET Q q 0 0 0 rg BT 469.88 312.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 487.72 312.00 Td (expired ) Tj ET Q q 0 0 0 rg BT 520.55 312.00 Td (January ) Tj ET Q q 0 0 0 rg BT 554.51 312.00 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 75.00 300.00 Td (at ) Tj ET Q q 0 0 0 rg BT 84.72 300.00 Td (which ) Tj ET Q q 0 0 0 rg BT 111.66 300.00 Td (time ) Tj ET Q q 0 0 0 rg BT 131.93 300.00 Td (our ) Tj ET Q q 0 0 0 rg BT 147.76 300.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 191.91 300.00 Td (became ) Tj ET Q q 0 0 0 rg BT 224.95 300.00 Td (taxed ) Tj ET Q q 0 0 0 rg BT 249.10 300.00 Td (at ) Tj ET Q q 0 0 0 rg BT 258.82 300.00 Td (the ) Tj ET Q q 0 0 0 rg BT 273.54 300.00 Td (17% ) Tj ET Q q 0 0 0 rg BT 294.37 300.00 Td (statutory ) Tj ET Q q 0 0 0 rg BT 331.86 300.00 Td (rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 75.94 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 79.81 278.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 97.30 278.00 Td (current ) Tj ET Q q 0 0 0 rg BT 127.55 278.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 147.81 278.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 187.50 278.00 Td (slightly ) Tj ET Q q 0 0 0 rg BT 219.44 278.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 278.00 Td (2.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.65 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 248.59 278.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.74 278.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.76 278.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.76 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 337.70 278.00 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.07 278.00 Td (2.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.57 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 378.51 278.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.66 278.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.68 278.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.68 278.00 Td (, ) Tj ET Q q 0 0 0 rg BT 470.12 278.00 Td (but ) Tj ET Q q 0 0 0 rg BT 484.83 278.00 Td (our ) Tj ET Q q 0 0 0 rg BT 500.10 278.00 Td (working ) Tj ET Q q 0 0 0 rg BT 535.36 278.00 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.00 Td (position ) Tj ET Q q 0 0 0 rg BT 85.26 266.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 126.04 266.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 179.07 266.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.88 266.00 Td ($120.2 ) Tj ET Q q 0 0 0 rg BT 220.41 266.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.30 266.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.33 266.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.58 266.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.70 266.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.70 266.00 Td ( ) Tj ET Q q 0 0 0 rg BT 344.73 266.00 Td (as ) Tj ET Q q 0 0 0 rg BT 356.09 266.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 398.55 266.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.36 266.00 Td ($65.6 ) Tj ET Q q 0 0 0 rg BT 434.89 266.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.78 266.00 Td ( ) Tj ET Q q 0 0 0 rg BT 466.82 266.00 Td (at ) Tj ET Q q 0 0 0 rg BT 477.07 266.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.31 266.00 Td (end ) Tj ET Q q 0 0 0 rg BT 509.79 266.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 266.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 266.00 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 266.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.64 254.00 Td (in ) Tj ET Q q 0 0 0 rg BT 96.30 254.00 Td (our ) Tj ET Q q 0 0 0 rg BT 112.52 254.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 157.06 254.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 193.83 254.00 Td (position ) Tj ET Q q 0 0 0 rg BT 228.94 254.00 Td (is ) Tj ET Q q 0 0 0 rg BT 238.50 254.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 278.60 254.00 Td (due ) Tj ET Q q 0 0 0 rg BT 295.92 254.00 Td (to ) Tj ET Q q 0 0 0 rg BT 306.58 254.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.68 254.00 Td (following ) Tj ET Q q 0 0 0 rg BT 363.46 254.00 Td (factors; ) Tj ET Q q 0 0 0 rg BT 396.33 254.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 410.31 254.00 Td (a ) Tj ET Q q 0 0 0 rg BT 417.63 254.00 Td ($58.5 ) Tj ET Q q 0 0 0 rg BT 443.02 254.00 Td (million ) Tj ET Q q 0 0 0 rg BT 474.79 254.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 510.43 254.00 Td (in ) Tj ET Q q 0 0 0 rg BT 521.09 254.00 Td (cash, ) Tj ET Q q 0 0 0 rg BT 544.25 254.00 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.00 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 101.20 242.00 Td (and ) Tj ET Q q 0 0 0 rg BT 118.79 242.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 163.61 242.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.54 242.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 252.12 242.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 266.93 242.00 Td (a ) Tj ET Q q 0 0 0 rg BT 274.53 242.00 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 300.19 242.00 Td (million ) Tj ET Q q 0 0 0 rg BT 332.23 242.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 368.14 242.00 Td (in ) Tj ET Q q 0 0 0 rg BT 379.08 242.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 402.22 242.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 440.36 242.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 484.60 242.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 528.85 242.00 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 242.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (continued ) Tj ET Q q 0 0 0 rg BT 92.31 230.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 123.53 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 134.74 230.00 Td (our ) Tj ET Q q 0 0 0 rg BT 150.95 230.00 Td (business; ) Tj ET Q q 0 0 0 rg BT 190.50 230.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 210.32 230.00 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 224.30 230.00 Td (an ) Tj ET Q q 0 0 0 rg BT 236.62 230.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 272.25 230.00 Td (in ) Tj ET Q q 0 0 0 rg BT 282.91 230.00 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 315.78 230.00 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 357.26 230.00 Td ( ) Tj ET Q q 0 0 0 rg BT 359.93 230.00 Td (W) Tj ET Q q 0 0 0 rg BT 368.57 230.00 Td (e ) Tj ET Q q 0 0 0 rg BT 375.89 230.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 407.64 230.00 Td (that ) Tj ET Q q 0 0 0 rg BT 425.51 230.00 Td (our ) Tj ET Q q 0 0 0 rg BT 441.73 230.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 470.16 230.00 Td (to ) Tj ET Q q 0 0 0 rg BT 480.82 230.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 517.56 230.00 Td (sustainable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.00 Td (robust ) Tj ET Q q 0 0 0 rg BT 76.77 218.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.31 218.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.42 218.00 Td (from ) Tj ET Q q 0 0 0 rg BT 137.63 218.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 181.05 218.00 Td (will ) Tj ET Q q 0 0 0 rg BT 198.38 218.00 Td (enable ) Tj ET Q q 0 0 0 rg BT 226.25 218.00 Td (the ) Tj ET Q q 0 0 0 rg BT 240.24 218.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 280.90 218.00 Td (to ) Tj ET Q q 0 0 0 rg BT 290.45 218.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 326.66 218.00 Td (meeting ) Tj ET Q q 0 0 0 rg BT 360.64 218.00 Td (its ) Tj ET Q q 0 0 0 rg BT 371.86 218.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.40 218.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 437.62 218.00 Td (and ) Tj ET Q q 0 0 0 rg BT 453.83 218.00 Td (to ) Tj ET Q q 0 0 0 rg BT 463.38 218.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 483.48 218.00 Td (its ) Tj ET Q q 0 0 0 rg BT 494.70 218.00 Td (current ) Tj ET Q q 0 0 0 rg BT 524.79 218.00 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 206.00 Td (current ) Tj ET Q q 0 0 0 rg BT 102.75 206.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 131.08 206.00 Td (including ) Tj ET Q q 0 0 0 rg BT 171.36 206.00 Td (available ) Tj ET Q q 0 0 0 rg BT 209.95 206.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.21 206.00 Td (balances.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 182.00 Td (Business ) Tj ET Q q 0 0 0 rg BT 88.81 182.00 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 142.44 182.00 Td (& ) Tj ET Q q 0 0 0 rg BT 152.72 182.00 Td (Related ) Tj ET Q q 0 0 0 rg BT 186.32 182.00 Td (T) Tj ET Q q 0 0 0 rg BT 192.06 182.00 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 158.00 Td (The ) Tj ET Q q 0 0 0 rg BT 105.34 158.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.01 158.00 Td (executes ) Tj ET Q q 0 0 0 rg BT 186.22 158.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 223.88 158.00 Td (business ) Tj ET Q q 0 0 0 rg BT 261.56 158.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 313.13 158.00 Td (in ) Tj ET Q q 0 0 0 rg BT 324.69 158.00 Td (combination ) Tj ET Q q 0 0 0 rg BT 378.47 158.00 Td (with ) Tj ET Q q 0 0 0 rg BT 400.04 158.00 Td (or) Tj ET Q q 0 0 0 rg BT 408.19 158.00 Td (ganic ) Tj ET Q q 0 0 0 rg BT 433.63 158.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 465.75 158.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 508.98 158.00 Td (as ) Tj ET Q q 0 0 0 rg BT 521.10 158.00 Td (part ) Tj ET Q q 0 0 0 rg BT 540.43 158.00 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 158.00 Td (its ) Tj ET Q q 0 0 0 rg BT 564.50 158.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (expansion ) Tj ET Q q 0 0 0 rg BT 92.75 146.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.40 146.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 139.94 146.00 Td (strategy) Tj ET Q q 0 0 0 rg BT 170.94 146.00 Td (. ) Tj ET Q q 0 0 0 rg BT 175.49 146.00 Td (The ) Tj ET Q q 0 0 0 rg BT 193.24 146.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.34 146.00 Td (looks ) Tj ET Q q 0 0 0 rg BT 258.21 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 268.20 146.00 Td (acquire ) Tj ET Q q 0 0 0 rg BT 299.83 146.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 344.26 146.00 Td (that ) Tj ET Q q 0 0 0 rg BT 361.46 146.00 Td (are ) Tj ET Q q 0 0 0 rg BT 375.88 146.00 Td (complementary ) Tj ET Q q 0 0 0 rg BT 440.28 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 450.27 146.00 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 477.05 146.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 510.92 146.00 Td (products ) Tj ET Q q 0 0 0 rg BT 547.57 146.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.00 Td (services. ) Tj ET Q q 0 0 0 rg BT 87.21 134.00 Td ( ) Tj ET Q q 0 0 0 rg BT 89.71 134.00 Td (During ) Tj ET Q q 0 0 0 rg BT 120.54 134.00 Td (the ) Tj ET Q q 0 0 0 rg BT 135.25 134.00 Td (year ) Tj ET Q q 0 0 0 rg BT 154.96 134.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 181.34 134.00 Td (December ) Tj ET Q q 0 0 0 rg BT 224.92 134.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 239.92 134.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 262.42 134.00 Td (the ) Tj ET Q q 0 0 0 rg BT 277.14 134.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.53 134.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 362.68 134.00 Td (two ) Tj ET Q q 0 0 0 rg BT 380.18 134.00 Td (business ) Tj ET Q q 0 0 0 rg BT 416.57 134.00 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 469.34 134.00 Td (as ) Tj ET Q q 0 0 0 rg BT 480.17 134.00 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 112.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 112.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.75 112.00 Td (November ) Tj ET Q q 0 0 0 rg BT 171.25 112.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 182.04 112.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 205.33 112.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 227.50 112.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 264.98 112.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 292.15 112.00 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 331.55 112.00 Td (em ) Tj ET Q q 0 0 0 rg BT 346.81 112.00 Td (T) Tj ET Q q 0 0 0 rg BT 352.22 112.00 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 399.39 112.00 Td (SA) Tj ET Q q 0 0 0 rg BT 411.62 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 414.91 112.00 Td (\("Wdev"\), ) Tj ET Q q 0 0 0 rg BT 459.40 112.00 Td (a ) Tj ET Q q 0 0 0 rg BT 467.13 112.00 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 507.07 112.00 Td (company ) Tj ET Q q 0 0 0 rg BT 547.01 112.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.96 100.00 Td (IT) Tj ET Q q 0 0 0 rg BT 96.22 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 98.75 100.00 Td (services ) Tj ET Q q 0 0 0 rg BT 133.48 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 150.44 100.00 Td (software ) Tj ET Q q 0 0 0 rg BT 187.39 100.00 Td (development ) Tj ET Q q 0 0 0 rg BT 241.57 100.00 Td (for ) Tj ET Q q 0 0 0 rg BT 255.75 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 270.49 100.00 Td (Latin ) Tj ET Q q 0 0 0 rg BT 293.56 100.00 Td (American ) Tj ET Q q 0 0 0 rg BT 335.51 100.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 376.35 100.00 Td (industry) Tj ET Q q 0 0 0 rg BT 408.48 100.00 Td (. ) Tj ET Q q 0 0 0 rg BT 413.51 100.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 434.92 100.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 471.68 100.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 498.08 100.00 Td (for ) Tj ET Q q 0 0 0 rg BT 512.27 100.00 Td (upfront ) Tj ET Q q 0 0 0 rg BT 544.23 100.00 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.46 88.00 Td (in ) Tj ET Q q 0 0 0 rg BT 116.83 88.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.64 88.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 164.22 88.00 Td (of ) Tj ET Q q 0 0 0 rg BT 175.14 88.00 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 200.23 88.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 234.22 88.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 253.48 88.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 288.85 88.00 Td (future ) Tj ET Q q 0 0 0 rg BT 315.31 88.00 Td (contingent ) Tj ET Q q 0 0 0 rg BT 360.11 88.00 Td (earn ) Tj ET Q q 0 0 0 rg BT 379.91 88.00 Td (out ) Tj ET Q q 0 0 0 rg BT 395.28 88.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 436.20 88.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.12 88.00 Td (up ) Tj ET Q q 0 0 0 rg BT 459.71 88.00 Td (to ) Tj ET Q q 0 0 0 rg BT 470.08 88.00 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 495.17 88.00 Td (million ) Tj ET Q q 0 0 0 rg BT 526.65 88.00 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 88.00 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.00 Td (earned ) Tj ET Q q 0 0 0 rg BT 79.03 76.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.95 76.00 Td (over ) Tj ET Q q 0 0 0 rg BT 137.10 76.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 76.00 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 198.52 76.00 Td (thirty-eight ) Tj ET Q q 0 0 0 rg BT 245.89 76.00 Td (month ) Tj ET Q q 0 0 0 rg BT 273.83 76.00 Td (period ) Tj ET Q q 0 0 0 rg BT 301.76 76.00 Td (following ) Tj ET Q q 0 0 0 rg BT 343.03 76.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.63 76.00 Td (ef) Tj ET Q q 0 0 0 rg BT 365.22 76.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 394.80 76.00 Td (date ) Tj ET Q q 0 0 0 rg BT 413.84 76.00 Td (of ) Tj ET Q q 0 0 0 rg BT 424.56 76.00 Td (the ) Tj ET Q q 0 0 0 rg BT 439.16 76.00 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 487.92 76.00 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 507.80 76.00 Td (million ) Tj ET Q q 0 0 0 rg BT 539.08 76.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 76.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (upfront ) Tj ET Q q 0 0 0 rg BT 81.69 64.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.72 64.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 157.85 64.00 Td (is ) Tj ET Q q 0 0 0 rg BT 166.77 64.00 Td (being ) Tj ET Q q 0 0 0 rg BT 191.25 64.00 Td (held ) Tj ET Q q 0 0 0 rg BT 210.72 64.00 Td (in ) Tj ET Q q 0 0 0 rg BT 220.75 64.00 Td (an ) Tj ET Q q 0 0 0 rg BT 232.45 64.00 Td (escrow ) Tj ET Q q 0 0 0 rg BT 263.02 64.00 Td (account ) Tj ET Q q 0 0 0 rg BT 296.37 64.00 Td (for ) Tj ET Q q 0 0 0 rg BT 310.29 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.76 64.00 Td (thirty-eight ) Tj ET Q q 0 0 0 rg BT 372.01 64.00 Td (month ) Tj ET Q q 0 0 0 rg BT 399.82 64.00 Td (period ) Tj ET Q q 0 0 0 rg BT 427.62 64.00 Td (following ) Tj ET Q q 0 0 0 rg BT 468.76 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 64.00 Td (ef) Tj ET Q q 0 0 0 rg BT 490.83 64.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 520.28 64.00 Td (date ) Tj ET Q q 0 0 0 rg BT 539.19 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 64.00 Td (the ) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.44 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.77 742.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 132.42 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.97 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.73 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 234.17 742.10 Td (achieves ) Tj ET Q q 0 0 0 rg BT 270.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.92 742.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 324.37 742.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 362.02 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 390.23 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 404.00 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 437.20 742.10 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 478.47 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.47 742.10 Td (if ) Tj ET Q q 0 0 0 rg BT 512.13 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 526.46 742.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.06 730.10 Td (result ) Tj ET Q q 0 0 0 rg BT 92.77 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.05 730.10 Td (said ) Tj ET Q q 0 0 0 rg BT 121.66 730.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 146.38 730.10 Td (being ) Tj ET Q q 0 0 0 rg BT 171.10 730.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 206.91 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.19 730.10 Td (Ebix.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 708.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 708.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.36 708.10 Td (November ) Tj ET Q q 0 0 0 rg BT 168.47 708.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 177.88 708.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 199.78 708.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 220.57 708.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.90 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.02 708.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 296.25 708.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.48 708.10 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 335.33 708.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 355.00 708.10 Td (d.b.a ) Tj ET Q q 0 0 0 rg BT 376.34 708.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 399.91 708.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 428.47 708.10 Td (\("Hope"\), ) Tj ET Q q 0 0 0 rg BT 469.35 708.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.70 708.10 Td (Michigan ) Tj ET Q q 0 0 0 rg BT 515.92 708.10 Td (corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 696.10 Td (publisher ) Tj ET Q q 0 0 0 rg BT 107.37 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.55 696.10 Td (health ) Tj ET Q q 0 0 0 rg BT 145.84 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.13 696.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 200.43 696.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 246.06 696.10 Td (education ) Tj ET Q q 0 0 0 rg BT 287.79 696.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 327.58 696.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 349.32 696.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 386.60 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.67 696.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 427.86 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.15 696.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 492.43 696.10 Td (property ) Tj ET Q q 0 0 0 rg BT 529.16 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.35 696.10 Td (Hope ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 684.10 Td ($1.72 ) Tj ET Q q 0 0 0 rg BT 89.16 684.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 662.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 662.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 126.05 662.10 Td (July ) Tj ET Q q 0 0 0 rg BT 146.31 662.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 157.40 662.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 180.99 662.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 203.47 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 662.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 242.31 662.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 272.01 662.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 311.14 662.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.16 662.10 Td (Call ) Tj ET Q q 0 0 0 rg BT 339.42 662.10 Td (Notice ) Tj ET Q q 0 0 0 rg BT 369.67 662.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 417.40 662.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 455.42 662.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 477.89 662.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 522.02 662.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.98 650.10 Td (units ) Tj ET Q q 0 0 0 rg BT 108.42 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.19 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.40 650.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 179.93 650.10 Td (JV) Tj ET Q q 0 0 0 rg BT 190.86 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.85 650.10 Td (from ) Tj ET Q q 0 0 0 rg BT 214.28 650.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 233.49 650.10 Td (constituting ) Tj ET Q q 0 0 0 rg BT 282.70 650.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 310.79 650.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 342.20 650.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 350.16 650.10 Td (1%\) ) Tj ET Q q 0 0 0 rg BT 368.81 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.13 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.33 650.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 440.87 650.10 Td (JV) Tj ET Q q 0 0 0 rg BT 451.80 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.79 650.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.44 650.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 486.93 650.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.81 650.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.57 650.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 83.41 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.94 638.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 113.59 638.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 145.90 638.10 Td (an ) Tj ET Q q 0 0 0 rg BT 157.09 638.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 197.71 638.10 Td (fifty-one ) Tj ET Q q 0 0 0 rg BT 234.45 638.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 265.63 638.10 Td (\(51%\) ) Tj ET Q q 0 0 0 rg BT 292.38 638.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 338.01 638.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 364.76 638.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 395.95 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.49 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.46 638.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 466.76 638.10 Td (JV) Tj ET Q q 0 0 0 rg BT 476.58 638.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.83 638.10 Td (Previously) Tj ET Q q 0 0 0 rg BT 522.96 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.22 638.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 638.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (September ) Tj ET Q q 0 0 0 rg BT 95.43 626.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.59 626.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 128.25 626.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 149.80 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.90 626.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 225.09 626.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 264.42 626.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 315.41 626.10 Td (\("IHC"\) ) Tj ET Q q 0 0 0 rg BT 350.12 626.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 381.66 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.76 626.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 409.75 626.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 442.40 626.10 Td (named ) Tj ET Q q 0 0 0 rg BT 471.72 626.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 493.27 626.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 522.59 626.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 91.63 614.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 112.97 614.10 Td (\("EbixHealth ) Tj ET Q q 0 0 0 rg BT 168.38 614.10 Td (JV"\). ) Tj ET Q q 0 0 0 rg BT 191.87 614.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 213.21 614.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 232.88 614.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 252.84 614.10 Td (million ) Tj ET Q q 0 0 0 rg BT 284.19 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.09 614.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 349.09 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.98 614.10 Td (license ) Tj ET Q q 0 0 0 rg BT 386.20 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.44 614.10 Td (use ) Tj ET Q q 0 0 0 rg BT 412.23 614.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 441.89 614.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 476.56 614.10 Td (software ) Tj ET Q q 0 0 0 rg BT 513.45 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.34 614.10 Td (systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 79.16 602.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.66 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.37 602.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 154.41 602.10 Td (JV) Tj ET Q q 0 0 0 rg BT 165.35 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.85 602.10 Td (at ) Tj ET Q q 0 0 0 rg BT 177.56 602.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 197.56 602.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 231.46 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.62 602.10 Td (its ) Tj ET Q q 0 0 0 rg BT 257.56 602.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 283.39 602.10 Td (40% ) Tj ET Q q 0 0 0 rg BT 304.22 602.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 356.16 602.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 388.09 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.37 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.09 602.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 461.13 602.10 Td (JV) Tj ET Q q 0 0 0 rg BT 470.95 602.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 578.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.83 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.55 578.10 Td (year ) Tj ET Q q 0 0 0 rg BT 151.25 578.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 177.63 578.10 Td (December ) Tj ET Q q 0 0 0 rg BT 221.21 578.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 236.21 578.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 258.71 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.43 578.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.82 578.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 358.97 578.10 Td (three ) Tj ET Q q 0 0 0 rg BT 381.45 578.10 Td (business ) Tj ET Q q 0 0 0 rg BT 417.85 578.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 470.62 578.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.45 578.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 554.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 554.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.87 554.10 Td (September ) Tj ET Q q 0 0 0 rg BT 170.05 554.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 179.97 554.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 202.38 554.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 223.68 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.54 554.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 298.47 554.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 337.56 554.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 388.30 554.10 Td (\("IHC"\) ) Tj ET Q q 0 0 0 rg BT 422.76 554.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 454.05 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.90 554.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 481.65 554.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 514.05 554.10 Td (named ) Tj ET Q q 0 0 0 rg BT 543.12 554.10 Td (Ebix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 78.37 542.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 120.36 542.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 140.96 542.10 Td (\("EbixHealth ) Tj ET Q q 0 0 0 rg BT 195.63 542.10 Td (JV"\). ) Tj ET Q q 0 0 0 rg BT 218.24 542.10 Td (This ) Tj ET Q q 0 0 0 rg BT 237.73 542.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 257.77 542.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 289.47 542.10 Td (was ) Tj ET Q q 0 0 0 rg BT 306.73 542.10 Td (established ) Tj ET Q q 0 0 0 rg BT 352.87 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.36 542.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 397.40 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.55 542.10 Td (market ) Tj ET Q q 0 0 0 rg BT 443.02 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.17 542.10 Td (best ) Tj ET Q q 0 0 0 rg BT 466.99 542.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 504.23 542.10 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.91 530.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 108.91 530.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.83 530.10 Td (health ) Tj ET Q q 0 0 0 rg BT 149.51 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.20 530.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 180.67 530.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 221.24 530.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 242.38 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.96 530.10 Td (business ) Tj ET Q q 0 0 0 rg BT 289.11 530.10 Td (nationally) Tj ET Q q 0 0 0 rg BT 328.45 530.10 Td (. ) Tj ET Q q 0 0 0 rg BT 333.20 530.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 354.34 530.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.81 530.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 393.56 530.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.45 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.70 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.40 530.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 489.19 530.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.64 530.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 553.68 530.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.79 518.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 96.34 518.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 145.06 518.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 174.06 518.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.40 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.95 518.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 248.83 518.10 Td (JV) Tj ET Q q 0 0 0 rg BT 259.77 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.10 518.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.66 518.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 291.50 518.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.39 518.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.23 518.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.23 518.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.02 518.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.68 518.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 423.46 518.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 455.23 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.35 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.90 518.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 527.78 518.10 Td (JV) Tj ET Q q 0 0 0 rg BT 537.61 518.10 Td (. ) Tj ET Q q 0 0 0 rg BT 542.45 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 544.79 518.10 Td (IHC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 97.10 506.10 Td (all ) Tj ET Q q 0 0 0 rg BT 108.66 506.10 Td (if ) Tj ET Q q 0 0 0 rg BT 116.32 506.10 Td (its ) Tj ET Q q 0 0 0 rg BT 127.33 506.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.88 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.22 506.10 Td (its ) Tj ET Q q 0 0 0 rg BT 174.22 506.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 207.45 506.10 Td (third ) Tj ET Q q 0 0 0 rg BT 227.89 506.10 Td (party ) Tj ET Q q 0 0 0 rg BT 250.00 506.10 Td (administrator ) Tj ET Q q 0 0 0 rg BT 304.88 506.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.09 506.10 Td (\(IHC ) Tj ET Q q 0 0 0 rg BT 370.20 506.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 398.42 506.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 440.27 506.10 Td (Inc.\), ) Tj ET Q q 0 0 0 rg BT 462.92 506.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 491.14 506.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.70 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 506.10 Td (EbixHealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (JV) Tj ET Q q 0 0 0 rg BT 60.93 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.43 494.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.15 494.10 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 98.15 494.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.04 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.54 494.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.70 494.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 494.10 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.98 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.48 494.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 228.41 494.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 260.35 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.63 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.34 494.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 333.38 494.10 Td (JV) Tj ET Q q 0 0 0 rg BT 343.21 494.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 470.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 470.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.54 470.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 181.01 470.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 195.29 470.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 233.18 470.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 250.50 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.99 470.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 281.27 470.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 316.66 470.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 347.04 470.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 380.75 470.10 Td (\(together ) Tj ET Q q 0 0 0 rg BT 418.90 470.10 Td (being ) Tj ET Q q 0 0 0 rg BT 443.16 470.10 Td ("PB ) Tj ET Q q 0 0 0 rg BT 461.53 470.10 Td (Systems"\), ) Tj ET Q q 0 0 0 rg BT 506.83 470.10 Td (ef) Tj ET Q q 0 0 0 rg BT 514.42 470.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 543.67 470.10 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.48 458.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 85.96 458.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 101.17 458.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 137.50 458.10 Td (develops ) Tj ET Q q 0 0 0 rg BT 176.02 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.44 458.10 Td (implements ) Tj ET Q q 0 0 0 rg BT 243.08 458.10 Td (software ) Tj ET Q q 0 0 0 rg BT 280.49 458.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 319.59 458.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.23 458.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 375.53 458.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 407.11 458.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 428.98 458.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 466.39 458.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 481.60 458.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 517.92 458.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.56 458.10 Td (upfront ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.22 446.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 126.55 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.78 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.45 446.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 183.89 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.68 446.10 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 219.63 446.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 253.47 446.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 272.60 446.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 307.83 446.10 Td (future ) Tj ET Q q 0 0 0 rg BT 334.16 446.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 378.82 446.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 398.48 446.10 Td (out ) Tj ET Q q 0 0 0 rg BT 413.71 446.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 454.49 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.27 446.10 Td (up ) Tj ET Q q 0 0 0 rg BT 477.73 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.96 446.10 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 507.91 446.10 Td (million ) Tj ET Q q 0 0 0 rg BT 539.25 446.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.22 434.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 91.09 434.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.85 434.10 Td (over ) Tj ET Q q 0 0 0 rg BT 148.84 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.28 434.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 209.95 434.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 259.38 434.10 Td (month ) Tj ET Q q 0 0 0 rg BT 287.16 434.10 Td (period ) Tj ET Q q 0 0 0 rg BT 314.93 434.10 Td (following ) Tj ET Q q 0 0 0 rg BT 356.04 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.48 434.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.06 434.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 407.49 434.10 Td (date ) Tj ET Q q 0 0 0 rg BT 426.37 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.92 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.36 434.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 499.80 434.10 Td (This ) Tj ET Q q 0 0 0 rg BT 519.81 434.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 82.49 422.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 116.09 422.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.26 422.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 163.86 422.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 204.68 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.96 422.10 Td (have ) Tj ET Q q 0 0 0 rg BT 236.33 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.27 422.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 262.98 422.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 279.36 422.10 Td (value.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.24 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.97 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.71 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.45 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.18 400.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.92 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.20 400.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.83 400.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 185.79 400.10 Td (V) Tj ET Q q 0 0 0 rg BT 192.41 400.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 202.37 400.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 230.65 400.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 260.04 400.10 Td (Communications ) Tj ET Q q 0 0 0 rg BT 331.11 400.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 362.17 400.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 396.57 400.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 410.60 400.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 420.55 400.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 448.84 400.10 Td (Health"\), ) Tj ET Q q 0 0 0 rg BT 488.14 400.10 Td (ef) Tj ET Q q 0 0 0 rg BT 495.73 400.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 525.67 400.10 Td (March ) Tj ET Q q 0 0 0 rg BT 554.50 400.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.69 388.10 Td (V) Tj ET Q q 0 0 0 rg BT 81.32 388.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 90.90 388.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 118.81 388.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 147.83 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.87 388.10 Td (one ) Tj ET Q q 0 0 0 rg BT 173.67 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 388.10 Td (India) Tj ET Q q 0 0 0 rg BT 207.69 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.95 388.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 245.75 388.10 Td (health ) Tj ET Q q 0 0 0 rg BT 272.55 388.10 Td (content ) Tj ET Q q 0 0 0 rg BT 304.35 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.15 388.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 385.73 388.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 433.35 388.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 454.61 388.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 491.23 388.10 Td (V) Tj ET Q q 0 0 0 rg BT 497.85 388.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 507.43 388.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 535.34 388.10 Td (Health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.38 376.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 96.54 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.03 376.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 173.62 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.12 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.05 376.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.77 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.82 376.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 263.04 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.93 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.15 376.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 316.54 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.70 376.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 359.19 376.10 Td (future ) Tj ET Q q 0 0 0 rg BT 385.79 376.10 Td (one ) Tj ET Q q 0 0 0 rg BT 402.95 376.10 Td (time ) Tj ET Q q 0 0 0 rg BT 423.44 376.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 468.37 376.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 488.30 376.10 Td (out ) Tj ET Q q 0 0 0 rg BT 503.80 376.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 540.95 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.00 376.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.44 364.10 Td ($372 ) Tj ET Q q 0 0 0 rg BT 81.09 364.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.20 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.86 364.10 Td (based ) Tj ET Q q 0 0 0 rg BT 143.29 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.94 364.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 183.25 364.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 220.44 364.10 Td (over ) Tj ET Q q 0 0 0 rg BT 239.87 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.74 364.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 299.84 364.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 328.15 364.10 Td (month ) Tj ET Q q 0 0 0 rg BT 355.37 364.10 Td (period ) Tj ET Q q 0 0 0 rg BT 382.57 364.10 Td (following ) Tj ET Q q 0 0 0 rg BT 423.12 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.99 364.10 Td (ef) Tj ET Q q 0 0 0 rg BT 444.58 364.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 473.44 364.10 Td (date ) Tj ET Q q 0 0 0 rg BT 491.75 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.74 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.61 364.10 Td (acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.14 352.10 Td (an ) Tj ET Q q 0 0 0 rg BT 79.28 352.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.97 352.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 157.45 352.10 Td (one ) Tj ET Q q 0 0 0 rg BT 174.58 352.10 Td (time ) Tj ET Q q 0 0 0 rg BT 195.06 352.10 Td (future ) Tj ET Q q 0 0 0 rg BT 221.64 352.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 274.86 352.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 301.45 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.48 352.10 Td (up ) Tj ET Q q 0 0 0 rg BT 325.18 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.66 352.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 355.86 352.10 Td (million ) Tj ET Q q 0 0 0 rg BT 387.45 352.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 431.81 352.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 454.51 352.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 488.85 352.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 519.88 352.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 554.22 352.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.91 340.10 Td (business ) Tj ET Q q 0 0 0 rg BT 99.50 340.10 Td (over ) Tj ET Q q 0 0 0 rg BT 118.97 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.88 340.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 179.02 340.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 227.92 340.10 Td (month ) Tj ET Q q 0 0 0 rg BT 255.17 340.10 Td (period ) Tj ET Q q 0 0 0 rg BT 282.42 340.10 Td (following ) Tj ET Q q 0 0 0 rg BT 323.00 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.91 340.10 Td (ef) Tj ET Q q 0 0 0 rg BT 344.50 340.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 373.40 340.10 Td (date ) Tj ET Q q 0 0 0 rg BT 391.75 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.78 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.69 340.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 463.65 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.89 340.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.48 340.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 328.10 Td (this ) Tj ET Q q 0 0 0 rg BT 80.18 328.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 126.10 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.13 328.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.48 328.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 198.02 328.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.91 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.94 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.31 328.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.40 328.10 Td ($383 ) Tj ET Q q 0 0 0 rg BT 301.44 328.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.54 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.58 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.94 328.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 391.97 328.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.33 328.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 459.91 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.73 328.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 508.42 328.10 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.86 316.10 Td ($101 ) Tj ET Q q 0 0 0 rg BT 89.29 316.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.40 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.82 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.57 316.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 180.99 316.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.74 316.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 249.71 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.91 316.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 296.76 316.10 Td (technology) Tj ET Q q 0 0 0 rg BT 340.54 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 345.29 316.10 Td (This ) Tj ET Q q 0 0 0 rg BT 365.50 316.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 410.13 316.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 442.54 316.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 476.07 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 485.17 316.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 523.69 316.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 304.10 Td (have ) Tj ET Q q 0 0 0 rg BT 81.66 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.59 304.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 108.30 304.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 124.68 304.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 280.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.83 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.55 280.10 Td (year ) Tj ET Q q 0 0 0 rg BT 151.25 280.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 177.63 280.10 Td (December ) Tj ET Q q 0 0 0 rg BT 221.21 280.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 236.21 280.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 258.71 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.43 280.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.82 280.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 358.97 280.10 Td (five ) Tj ET Q q 0 0 0 rg BT 377.02 280.10 Td (business ) Tj ET Q q 0 0 0 rg BT 413.41 280.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 466.18 280.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.01 280.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 256.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 256.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.89 256.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.40 256.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 178.33 256.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 203.26 256.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 224.57 256.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.42 256.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 301.62 256.10 Td (Publishing, ) Tj ET Q q 0 0 0 rg BT 349.34 256.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 370.65 256.10 Td (\("Oakstone"\) ) Tj ET Q q 0 0 0 rg BT 425.67 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.88 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.75 256.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 494.61 256.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 526.47 256.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.99 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.00 244.10 Td (total ) Tj ET Q q 0 0 0 rg BT 128.12 244.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.24 244.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 204.47 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.59 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.16 244.10 Td (net ) Tj ET Q q 0 0 0 rg BT 243.73 244.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.07 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.75 244.10 Td ($23.7 ) Tj ET Q q 0 0 0 rg BT 311.60 244.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 345.34 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.69 244.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 387.81 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 396.83 244.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 428.62 244.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 464.84 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.52 244.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 520.65 244.10 Td (education, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 102.30 232.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 142.95 232.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.60 232.10 Td (physicians, ) Tj ET Q q 0 0 0 rg BT 207.32 232.10 Td (dentists ) Tj ET Q q 0 0 0 rg BT 241.87 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.30 232.10 Td (allied ) Tj ET Q q 0 0 0 rg BT 286.51 232.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 331.59 232.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 390.85 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 403.18 232.10 Td (well ) Tj ET Q q 0 0 0 rg BT 424.39 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 436.72 232.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 475.15 232.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 516.91 232.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.56 232.10 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 220.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 109.08 220.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 130.85 220.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 168.16 220.10 Td (all ) Tj ET Q q 0 0 0 rg BT 181.04 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.26 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.36 220.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 259.68 220.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 295.89 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.10 220.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 347.76 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.08 220.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 395.74 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.84 220.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 449.26 220.10 Td (using ) Tj ET Q q 0 0 0 rg BT 473.82 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.14 220.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 499.58 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.80 220.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 544.23 220.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 85.26 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.20 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.91 208.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 138.85 208.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 164.12 208.10 Td (line ) Tj ET Q q 0 0 0 rg BT 181.61 208.10 Td (available ) Tj ET Q q 0 0 0 rg BT 220.20 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.48 208.10 Td (Ebix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 184.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.48 184.10 Td (December ) Tj ET Q q 0 0 0 rg BT 143.83 184.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 153.60 184.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 178.36 184.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 199.51 184.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 236.20 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.68 184.10 Td (DCM ) Tj ET Q q 0 0 0 rg BT 275.72 184.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 303.54 184.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 321.07 184.10 Td (\(d.b.a. ) Tj ET Q q 0 0 0 rg BT 348.60 184.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 358.64 184.10 Td (Software\) ) Tj ET Q q 0 0 0 rg BT 400.33 184.10 Td (\("i3"\) ) Tj ET Q q 0 0 0 rg BT 425.20 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.24 184.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.94 184.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 468.64 184.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 506.44 184.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 550.35 184.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (total ) Tj ET Q q 0 0 0 rg BT 69.58 172.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.16 172.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 144.84 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.42 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.45 172.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 200.25 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.39 172.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 222.20 172.10 Td (million ) Tj ET Q q 0 0 0 rg BT 252.90 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.15 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.39 172.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 309.98 172.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 354.00 172.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 385.79 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.93 172.10 Td (up ) Tj ET Q q 0 0 0 rg BT 407.74 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.55 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.13 172.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 430.94 172.10 Td (million ) Tj ET Q q 0 0 0 rg BT 461.64 172.10 Td (based ) Tj ET Q q 0 0 0 rg BT 486.22 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.03 172.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 526.48 172.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (over ) Tj ET Q q 0 0 0 rg BT 71.05 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.56 160.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 134.28 160.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 184.77 160.10 Td (month ) Tj ET Q q 0 0 0 rg BT 213.61 160.10 Td (period ) Tj ET Q q 0 0 0 rg BT 242.45 160.10 Td (following ) Tj ET Q q 0 0 0 rg BT 284.62 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.12 160.10 Td (date ) Tj ET Q q 0 0 0 rg BT 320.06 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.67 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.18 160.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 396.84 160.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 407.91 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.86 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.59 160.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 462.75 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.36 160.10 Td (software ) Tj ET Q q 0 0 0 rg BT 512.08 160.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.57 160.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.35 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.36 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.80 148.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 153.35 148.10 Td (industry) Tj ET Q q 0 0 0 rg BT 185.48 148.10 Td (. ) Tj ET Q q 0 0 0 rg BT 190.21 148.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 211.33 148.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 247.98 148.10 Td (all ) Tj ET Q q 0 0 0 rg BT 260.21 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.77 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.21 148.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.78 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.34 148.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 331.34 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.01 148.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 378.01 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.46 148.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 430.23 148.10 Td (using ) Tj ET Q q 0 0 0 rg BT 454.13 148.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 486.90 148.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.90 148.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 544.23 148.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 94.71 136.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 127.20 136.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 160.81 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.98 136.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 208.57 136.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.39 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.67 136.10 Td (have ) Tj ET Q q 0 0 0 rg BT 281.04 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.98 136.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 307.69 136.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 324.07 136.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 112.10 Td (On) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 98.22 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.85 112.10 Td (November ) Tj ET Q q 0 0 0 rg BT 143.70 112.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 152.83 112.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 176.96 112.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 197.48 112.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.42 112.10 Td (V) Tj ET Q q 0 0 0 rg BT 239.53 112.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 263.65 112.10 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 316.37 112.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 329.90 112.10 Td (ertex"\), ) Tj ET Q q 0 0 0 rg BT 361.43 112.10 Td (made ) Tj ET Q q 0 0 0 rg BT 384.71 112.10 Td (ef) Tj ET Q q 0 0 0 rg BT 392.30 112.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 421.14 112.10 Td (October ) Tj ET Q q 0 0 0 rg BT 454.98 112.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 464.11 112.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 488.25 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.66 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.73 112.10 Td (share ) Tj ET Q q 0 0 0 rg BT 526.46 112.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.17 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.35 100.10 Td (total ) Tj ET Q q 0 0 0 rg BT 128.65 100.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.94 100.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 187.00 100.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 243.40 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.70 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.44 100.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.96 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.82 100.10 Td ($27.25 ) Tj ET Q q 0 0 0 rg BT 341.84 100.10 Td (million ) Tj ET Q q 0 0 0 rg BT 373.26 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.22 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.18 100.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 432.49 100.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 477.22 100.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 509.73 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.59 100.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 533.11 100.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.25 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 85.73 88.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 113.85 88.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 150.87 88.10 Td (over ) Tj ET Q q 0 0 0 rg BT 170.12 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.81 88.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 229.73 88.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 278.42 88.10 Td (month ) Tj ET Q q 0 0 0 rg BT 305.45 88.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.48 88.10 Td (following ) Tj ET Q q 0 0 0 rg BT 372.85 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.54 88.10 Td (date ) Tj ET Q q 0 0 0 rg BT 404.68 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.49 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.18 88.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 475.94 88.10 Td (V) Tj ET Q q 0 0 0 rg BT 482.05 88.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 503.52 88.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.67 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.58 88.10 Td (specialized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (software ) Tj ET Q q 0 0 0 rg BT 87.13 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.27 76.10 Td (services ) Tj ET Q q 0 0 0 rg BT 139.18 76.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 159.10 76.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 192.90 76.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 232.82 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 245.52 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.44 76.10 Td (life ) Tj ET Q q 0 0 0 rg BT 276.47 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.61 76.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 326.31 76.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 367.32 76.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 418.88 76.10 Td (since ) Tj ET Q q 0 0 0 rg BT 442.13 76.10 Td (1991. ) Tj ET Q q 0 0 0 rg BT 467.34 76.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 488.93 76.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 526.05 76.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.75 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 76.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.68 64.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 127.35 64.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 150.47 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.67 64.10 Td (V) Tj ET Q q 0 0 0 rg BT 166.78 64.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 188.78 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.24 64.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 235.02 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.26 64.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 286.81 64.10 Td (using ) Tj ET Q q 0 0 0 rg BT 310.49 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.95 64.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 334.52 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.87 64.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 377.42 64.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 397.21 64.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 431.98 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.44 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.67 64.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 484.12 64.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 508.90 64.10 Td (line ) Tj ET Q q 0 0 0 rg BT 525.91 64.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 52.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 83.98 52.10 Td (This ) Tj ET Q q 0 0 0 rg BT 104.26 52.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 148.97 52.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 181.46 52.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 215.07 52.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.24 52.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 262.83 52.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 303.65 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.93 52.10 Td (have ) Tj ET Q q 0 0 0 rg BT 335.31 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.25 52.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 361.95 52.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 378.33 52.10 Td (value.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.81 730.10 Td (May ) Tj ET Q q 0 0 0 rg BT 121.73 730.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 136.82 730.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 161.91 730.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 183.39 730.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 220.40 730.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 268.52 730.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 296.66 730.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 327.57 730.10 Td (Limited ) 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(million ) Tj ET Q q 0 0 0 rg BT 504.53 706.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 522.99 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.22 706.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.67 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 93.89 694.10 Td (time ) Tj ET Q q 0 0 0 rg BT 114.46 694.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 159.46 694.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 192.23 694.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 229.46 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.58 694.10 Td (up ) Tj ET Q q 0 0 0 rg BT 253.37 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.93 694.10 Td ($12.36 ) Tj ET Q q 0 0 0 rg BT 294.22 694.10 Td (million ) Tj ET Q q 0 0 0 rg BT 325.90 694.10 Td (based ) Tj ET Q q 0 0 0 rg BT 351.46 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.25 694.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 393.69 694.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.01 694.10 Td (over ) Tj ET Q q 0 0 0 rg BT 452.57 694.10 Td (the ) Tj ET Q q 0 0 0 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 646.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.32 646.10 Td (January ) Tj ET Q q 0 0 0 rg BT 133.51 646.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 148.11 646.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 172.71 646.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 193.69 646.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 230.21 646.10 Td (CurePet. ) Tj ET Q q 0 0 0 rg BT 267.02 646.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 301.33 646.10 Td (was ) Tj ET Q q 0 0 0 rg BT 318.98 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.52 646.10 Td (developmental-stage ) Tj ET Q q 0 0 0 rg BT 410.36 646.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 451.88 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 468.97 646.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 512.16 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 523.69 646.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 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526.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.44 514.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 136.77 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.99 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.98 514.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 190.52 514.10 Td (future ) Tj ET Q q 0 0 0 rg BT 216.95 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.27 514.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 269.80 514.10 Td (based ) Tj ET Q q 0 0 0 rg BT 295.12 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.68 514.10 Td (reaching ) Tj ET Q q 0 0 0 rg BT 344.65 514.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.40 514.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 413.05 514.10 Td (future ) Tj ET Q q 0 0 0 rg BT 439.48 514.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 473.67 514.10 Td (tar) Tj ET Q q 0 0 0 rg BT 484.04 514.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 505.02 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.11 514.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 94.89 502.10 Td (these ) Tj ET Q q 0 0 0 rg BT 117.58 502.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 154.70 502.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 201.29 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.75 502.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 256.10 502.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 297.80 502.10 Td (These ) Tj ET Q q 0 0 0 rg BT 323.82 502.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 368.17 502.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 424.18 502.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 463.53 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.88 502.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 514.99 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.34 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.36 502.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.61 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.44 490.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 126.94 490.10 Td (date ) Tj ET Q q 0 0 0 rg BT 147.20 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.25 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.07 490.10 Td (re-measured ) Tj ET Q q 0 0 0 rg BT 234.10 490.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 273.81 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 300.19 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.80 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.63 490.10 Td (then ) Tj ET Q q 0 0 0 rg BT 350.46 490.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 387.95 490.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 405.44 490.10 Td (value ) Tj ET Q q 0 0 0 rg BT 430.71 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.76 490.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 485.70 490.10 Td (if ) Tj ET Q q 0 0 0 rg BT 495.42 490.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 533.63 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 538.95 490.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.68 490.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.66 478.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.66 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.73 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.52 478.10 Td (total ) Tj ET Q q 0 0 0 rg BT 172.87 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.77 478.10 Td (these ) Tj ET Q q 0 0 0 rg BT 208.89 478.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 254.68 478.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 295.47 478.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.59 478.10 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 335.66 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.56 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.63 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.53 478.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.54 478.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 431.62 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.51 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.08 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.33 478.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 511.21 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.57 478.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 92.53 466.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.79 466.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 130.10 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.81 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.30 466.10 Td (included ) Tj ET Q q 0 0 0 rg BT 208.55 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.14 466.10 Td (current ) Tj ET Q q 0 0 0 rg BT 250.28 466.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 290.31 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.90 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.94 466.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 363.33 466.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 418.92 466.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 453.94 466.10 Td (Sheet. ) Tj ET Q q 0 0 0 rg BT 480.85 466.10 Td (As ) Tj ET Q q 0 0 0 rg BT 494.78 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 466.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.22 454.10 Td (total ) Tj ET Q q 0 0 0 rg BT 107.49 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.32 454.10 Td (these ) Tj ET Q q 0 0 0 rg BT 141.37 454.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 186.08 454.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 225.80 454.10 Td (was ) Tj ET Q q 0 0 0 rg BT 243.85 454.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 263.85 454.10 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.80 432.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.16 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.65 410.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 145.58 410.10 Td (months ) Tj ET Q q 0 0 0 rg BT 177.30 410.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.45 410.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 261.80 410.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.08 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.57 410.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.72 410.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.86 410.10 Td ($83.7 ) Tj ET Q q 0 0 0 rg BT 405.63 410.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.52 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.79 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.40 410.10 Td (net ) Tj ET Q q 0 0 0 rg BT 461.88 410.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.93 410.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 502.53 410.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.24 410.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.89 398.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 131.10 398.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.67 398.10 Td ($48.7 ) Tj ET Q q 0 0 0 rg BT 166.95 398.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.84 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.63 398.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.08 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 398.10 Td (year ) Tj ET Q q 0 0 0 rg BT 248.08 398.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 274.75 398.10 Td (December ) Tj ET Q q 0 0 0 rg BT 318.62 398.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 333.91 398.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 359.19 398.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 411.41 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 423.63 398.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 459.17 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.29 398.10 Td ($35.1 ) Tj ET Q q 0 0 0 rg BT 495.58 398.10 Td (million ) Tj ET Q q 0 0 0 rg BT 527.26 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.38 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.17 398.10 Td (72%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 398.10 Td (. ) Tj ET Q q 0 0 0 rg BT 564.50 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.31 386.10 Td (major ) Tj ET Q q 0 0 0 rg BT 94.39 386.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 127.14 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.23 386.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.75 386.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 197.06 386.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.82 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.91 386.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 266.43 386.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 305.29 386.10 Td (during ) Tj ET Q q 0 0 0 rg BT 334.16 386.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 356.91 386.10 Td (included ) Tj ET Q q 0 0 0 rg BT 394.11 386.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.08 386.10 Td (income ) Tj ET Q q 0 0 0 rg BT 441.27 386.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.36 386.10 Td ($93.8 ) Tj ET Q q 0 0 0 rg BT 477.62 386.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.51 386.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.77 386.10 Td (net ) Tj ET Q q 0 0 0 rg BT 526.75 386.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.84 386.10 Td ($\(6.4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.02 374.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 124.73 374.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.35 374.10 Td (benefits, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.91 374.10 Td ($10.7 ) Tj ET Q q 0 0 0 rg BT 197.81 374.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.70 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.10 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.83 374.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 288.65 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.49 374.10 Td (amortization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.93 374.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 377.83 374.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.72 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.13 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.86 374.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 455.36 374.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 503.96 374.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 564.50 374.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 69.35 362.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.24 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.10 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.28 362.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 162.67 362.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 196.73 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.24 362.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 255.40 362.10 Td (software ) Tj ET Q q 0 0 0 rg BT 291.68 362.10 Td (development ) Tj ET Q q 0 0 0 rg BT 345.19 362.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 369.54 362.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 404.71 362.10 Td (of) Tj ET Q q 0 0 0 rg BT 412.86 362.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 429.16 362.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.01 362.10 Td ($\(1.2\) ) Tj ET Q q 0 0 0 rg BT 467.02 362.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.91 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.77 362.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 516.84 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 528.69 362.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (value ) Tj ET Q q 0 0 0 rg BT 72.95 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.57 350.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.74 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.81 350.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 156.44 350.10 Td (venture, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.21 350.10 Td ($\(1.3\) ) Tj ET Q q 0 0 0 rg BT 215.67 350.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.56 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.85 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.47 350.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 292.86 350.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 315.26 350.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 360.42 350.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 381.71 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.21 350.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 434.27 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.34 350.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 488.51 350.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 519.79 350.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 91.86 338.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.45 338.10 Td ($\(16.3\) ) Tj ET Q q 0 0 0 rg BT 139.75 338.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.64 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.79 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.26 338.10 Td (working ) Tj ET Q q 0 0 0 rg BT 216.74 338.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 245.53 338.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 299.88 338.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 339.24 338.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 381.92 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.85 338.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 431.75 338.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 453.88 338.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 500.99 338.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.23 338.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 326.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 101.66 326.10 Td (business ) Tj ET Q q 0 0 0 rg BT 138.05 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.99 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.71 326.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 202.19 326.10 Td (aging ) Tj ET Q q 0 0 0 rg BT 226.90 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.73 326.10 Td (those ) Tj ET Q q 0 0 0 rg BT 261.34 326.10 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.02 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.36 304.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 145.14 304.10 Td (months ) Tj ET Q q 0 0 0 rg BT 176.71 304.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.72 304.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 260.93 304.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 285.55 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.89 304.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.91 304.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 381.89 304.10 Td ($48.7 ) Tj ET Q q 0 0 0 rg BT 406.52 304.10 Td (million ) Tj ET Q q 0 0 0 rg BT 437.54 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.99 304.10 Td (net ) Tj ET Q q 0 0 0 rg BT 462.33 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 482.23 304.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 502.68 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.25 304.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 89.13 292.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 131.59 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.40 292.10 Td ($58.5 ) Tj ET Q q 0 0 0 rg BT 167.94 292.10 Td (million ) Tj ET Q q 0 0 0 rg BT 199.86 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.55 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.81 292.10 Td (year ) Tj ET Q q 0 0 0 rg BT 250.05 292.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 276.96 292.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 336.07 292.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 361.61 292.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 414.07 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.54 292.10 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 442.07 292.10 Td (million ) Tj ET Q q 0 0 0 rg BT 474.00 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.36 292.10 Td (17% ) Tj ET Q q 0 0 0 rg BT 506.72 292.10 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 546.45 292.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (major ) Tj ET Q q 0 0 0 rg BT 76.03 280.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 108.73 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.77 280.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 140.24 280.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 178.49 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.20 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.24 280.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.71 280.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 286.51 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.88 280.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 323.59 280.10 Td (was ) Tj ET Q q 0 0 0 rg BT 341.84 280.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.77 280.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.91 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.94 280.10 Td ($79.5 ) Tj ET Q q 0 0 0 rg BT 425.15 280.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 459.25 280.10 Td ($\(1.7\) ) Tj ET Q q 0 0 0 rg BT 486.12 280.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.71 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.75 280.10 Td (net ) Tj ET Q q 0 0 0 rg BT 543.67 280.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.61 268.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 94.57 268.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.27 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.12 268.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 196.94 268.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 246.45 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.73 268.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 295.45 268.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 333.27 268.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 376.37 268.10 Td ($\(10.1\) ) Tj ET Q q 0 0 0 rg BT 408.38 268.10 Td (million ) Tj ET Q q 0 0 0 rg BT 440.11 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.29 268.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 487.44 268.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 502.50 268.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 539.50 268.10 Td ($10.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.26 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.95 256.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 140.73 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.54 256.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 210.94 256.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 229.80 256.10 Td (million ) Tj ET Q q 0 0 0 rg BT 260.06 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.76 256.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 307.22 256.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 355.78 256.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 415.19 256.10 Td ($\(1.5\) ) Tj ET Q q 0 0 0 rg BT 440.71 256.10 Td (million ) Tj ET Q q 0 0 0 rg BT 470.97 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.66 256.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 518.13 256.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 82.72 244.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 127.67 244.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 161.51 244.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 208.40 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.58 244.10 Td ($\(29.9\) ) Tj ET Q q 0 0 0 rg BT 257.47 244.10 Td (million ) Tj ET Q q 0 0 0 rg BT 289.10 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.17 244.10 Td (net ) Tj ET Q q 0 0 0 rg BT 315.12 244.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.06 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.58 244.10 Td (working ) Tj ET Q q 0 0 0 rg BT 396.64 244.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 426.03 244.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 480.97 244.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 520.92 244.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.71 232.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 113.06 232.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 155.71 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.64 232.10 Td (In ) Tj ET Q q 0 0 0 rg BT 169.90 232.10 Td (this ) Tj ET Q q 0 0 0 rg BT 187.28 232.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 215.75 232.10 Td (during ) Tj ET Q q 0 0 0 rg BT 244.79 232.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 267.72 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.87 232.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.69 232.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 344.84 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.21 232.10 Td ($20.8 ) Tj ET Q q 0 0 0 rg BT 377.64 232.10 Td (million ) Tj ET Q q 0 0 0 rg BT 409.47 232.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 456.84 232.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 500.87 232.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 533.24 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.50 232.10 Td ($1.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 84.81 220.10 Td (stemming ) Tj ET Q q 0 0 0 rg BT 126.85 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 148.88 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.69 220.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 206.27 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.20 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.00 220.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 265.69 220.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 303.27 220.10 Td (Service's ) Tj ET Q q 0 0 0 rg BT 341.54 220.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 364.13 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.05 220.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 396.71 220.10 Td (s ) Tj ET Q q 0 0 0 rg BT 403.20 220.10 Td (income ) Tj ET Q q 0 0 0 rg BT 435.22 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 450.03 220.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 480.39 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 494.64 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.45 220.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 540.91 220.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 72.50 208.10 Td (through ) Tj ET Q q 0 0 0 rg BT 106.11 208.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 90.47 169.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 145.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 103.74 145.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.81 145.10 Td (used ) Tj ET Q q 0 0 0 rg BT 146.44 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.40 145.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 201.37 145.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 240.77 145.10 Td (during ) Tj ET Q q 0 0 0 rg BT 270.17 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 145.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 315.65 145.10 Td (months ) Tj ET Q q 0 0 0 rg BT 348.40 145.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 375.58 145.10 Td (December ) Tj ET Q q 0 0 0 rg BT 419.96 145.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 435.76 145.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 459.06 145.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.57 145.10 Td ($20.7 ) Tj ET Q q 0 0 0 rg BT 515.38 145.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.27 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 145.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 88.77 133.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.66 133.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 117.71 133.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.60 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.16 133.10 Td (used ) Tj ET Q q 0 0 0 rg BT 168.04 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.26 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.03 133.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 240.47 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.35 133.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 273.57 133.10 Td (Health, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.28 133.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 323.33 133.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.23 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.78 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 367.00 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.77 133.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.21 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.98 133.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 461.41 133.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 499.07 133.10 Td (em ) Tj ET Q q 0 0 0 rg BT 512.73 133.10 Td (T) Tj ET Q q 0 0 0 rg BT 518.14 133.10 Td (echnologia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (SA) Tj ET Q q 0 0 0 rg BT 62.23 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.72 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 75.00 121.10 Td (Brazil ) Tj ET Q q 0 0 0 rg BT 101.92 121.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 119.96 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.78 121.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 151.04 121.10 Td (acquired\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.79 121.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 213.78 121.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.68 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.17 121.10 Td (used ) Tj ET Q q 0 0 0 rg BT 265.99 121.10 Td (for ) Tj ET Q q 0 0 0 rg BT 280.14 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.85 121.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 336.78 121.10 Td (build ) Tj ET Q q 0 0 0 rg BT 359.83 121.10 Td (out ) Tj ET Q q 0 0 0 rg BT 375.10 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.92 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.75 121.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 441.99 121.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 495.57 121.10 Td (of) Tj ET Q q 0 0 0 rg BT 503.72 121.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 521.20 121.10 Td (campus ) Tj ET Q q 0 0 0 rg BT 554.24 121.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (Johns ) Tj ET Q q 0 0 0 rg BT 75.84 109.10 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 105.28 109.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 125.09 109.10 Td (gia ) Tj ET Q q 0 0 0 rg BT 140.36 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.86 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.14 109.10 Td (build ) Tj ET Q q 0 0 0 rg BT 196.75 109.10 Td (out ) Tj ET Q q 0 0 0 rg BT 212.59 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.98 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.37 109.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 267.87 109.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 305.35 109.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 345.63 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.47 109.10 Td (India ) Tj ET Q q 0 0 0 rg BT 380.08 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.92 109.10 Td (support ) Tj ET Q q 0 0 0 rg BT 423.97 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.36 109.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 476.75 109.10 Td (product ) Tj ET Q q 0 0 0 rg BT 510.36 109.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.78 97.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 110.12 97.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.01 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.86 97.10 Td (used ) Tj ET Q q 0 0 0 rg BT 163.04 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.32 97.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 226.47 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.10 97.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 283.82 97.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.44 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.51 97.10 Td (development ) Tj ET Q q 0 0 0 rg BT 374.00 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.18 97.10 Td (software ) Tj ET Q q 0 0 0 rg BT 422.46 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.08 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.37 97.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 464.88 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.17 97.10 Td (marketed, ) Tj ET Q q 0 0 0 rg BT 524.72 97.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 97.10 Td ($696 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.69 85.10 Td (was ) Tj ET Q q 0 0 0 rg BT 106.83 85.10 Td (used ) Tj ET Q q 0 0 0 rg BT 127.74 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.11 85.10 Td (take ) Tj ET Q q 0 0 0 rg BT 157.35 85.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.37 85.10 Td (51% ) Tj ET Q q 0 0 0 rg BT 185.28 85.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 231.75 85.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 263.77 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.13 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.93 85.10 Td (Ebix/IHC ) Tj ET Q q 0 0 0 rg BT 330.40 85.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 351.32 85.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 383.89 85.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 402.02 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.94 85.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 433.29 85.10 Td (acquired\), ) Tj ET Q q 0 0 0 rg BT 476.13 85.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 512.03 85.10 Td (of) Tj ET Q q 0 0 0 rg BT 520.18 85.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 537.21 85.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 85.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 70.00 73.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.39 73.10 Td (used ) Tj ET Q q 0 0 0 rg BT 122.22 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.50 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.22 73.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.93 73.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 199.97 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.80 73.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 257.72 73.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 297.98 73.10 Td (\(specifically ) Tj ET Q q 0 0 0 rg BT 349.90 73.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 371.84 73.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 418.20 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.03 73.10 Td (deposit\).) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.76 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.85 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 143.50 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.48 742.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 196.47 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 234.89 742.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 264.42 742.10 Td ($37.4 ) Tj ET Q q 0 0 0 rg BT 289.24 742.10 Td (million ) Tj ET Q q 0 0 0 rg BT 320.45 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.97 742.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 377.95 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 409.72 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 435.91 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 494.32 742.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 519.14 742.10 Td (During ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.64 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.29 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.61 730.10 Td (used ) Tj ET Q q 0 0 0 rg BT 146.37 730.10 Td ($1) Tj ET Q q 0 0 0 rg BT 156.00 730.10 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 170.93 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 202.25 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.34 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.99 730.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 277.30 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.07 730.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 302.73 730.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 338.50 730.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 356.48 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.24 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.44 730.10 Td (acquired\), ) Tj ET Q q 0 0 0 rg BT 430.13 730.10 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 450.06 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 481.38 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 499.37 730.10 Td (used ) Tj ET Q q 0 0 0 rg BT 520.13 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.22 730.10 Td (buying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.24 718.10 Td (land ) Tj ET Q q 0 0 0 rg BT 111.70 718.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 147.26 718.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 159.79 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.48 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.94 718.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 232.62 718.10 Td (interior ) Tj ET Q q 0 0 0 rg BT 264.31 718.10 Td (build ) Tj ET Q q 0 0 0 rg BT 287.11 718.10 Td (out ) Tj ET Q q 0 0 0 rg BT 302.14 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.72 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.30 718.10 Td (new ) Tj ET Q q 0 0 0 rg BT 347.20 718.10 Td (global ) Tj ET Q q 0 0 0 rg BT 374.45 718.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 414.45 718.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 467.78 718.10 Td (campus ) Tj ET Q q 0 0 0 rg BT 500.58 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.61 718.10 Td (Johns ) Tj ET Q q 0 0 0 rg BT 535.64 718.10 Td (Creek, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 69.81 706.10 Td (gia, ) Tj ET Q q 0 0 0 rg BT 87.38 706.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 107.73 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 139.48 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 157.88 706.10 Td (used ) Tj ET Q q 0 0 0 rg BT 179.06 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.58 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.65 706.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 256.08 706.10 Td (40% ) Tj ET Q q 0 0 0 rg BT 277.26 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 324.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.63 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.70 706.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 369.77 706.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 390.96 706.10 Td (venture, ) Tj ET Q q 0 0 0 rg BT 426.30 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.59 706.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 463.95 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 495.69 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 514.10 706.10 Td (used ) Tj ET Q q 0 0 0 rg BT 535.28 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.52 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.30 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 113.92 694.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 123.78 694.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 151.97 694.10 Td (Health. ) Tj ET Q q 0 0 0 rg BT 183.76 694.10 Td (In ) Tj ET Q q 0 0 0 rg BT 194.73 694.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 232.65 694.10 Td (during ) Tj ET Q q 0 0 0 rg BT 261.40 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.26 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 296.10 694.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.62 694.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 381.35 694.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 406.49 694.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 426.63 694.10 Td (million ) Tj ET Q q 0 0 0 rg BT 458.16 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 476.35 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 497.32 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.62 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.48 694.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.36 682.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 106.80 682.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 146.59 682.10 Td (\(specifically ) Tj ET Q q 0 0 0 rg BT 198.03 682.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 219.50 682.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 265.38 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.74 682.10 Td (deposit\), ) Tj ET Q q 0 0 0 rg BT 312.48 682.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 332.00 682.10 Td (million ) Tj ET Q q 0 0 0 rg BT 362.92 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.28 682.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 418.61 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 440.63 682.10 Td (were ) Tj ET Q q 0 0 0 rg BT 462.09 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 482.44 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.13 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.37 682.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.44 670.10 Td (software ) Tj ET Q q 0 0 0 rg BT 98.97 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.86 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.41 670.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 142.19 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.73 670.10 Td (marketed, ) Tj ET Q q 0 0 0 rg BT 202.54 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.09 670.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 240.70 670.10 Td (million ) Tj ET Q q 0 0 0 rg BT 272.70 670.10 Td (was ) Tj ET Q q 0 0 0 rg BT 291.35 670.10 Td (used ) Tj ET Q q 0 0 0 rg BT 312.79 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.56 670.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 357.32 670.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 411.52 670.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 455.17 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.06 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.38 670.10 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 537.24 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 670.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 96.93 658.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 137.76 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.70 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.41 658.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 211.34 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.17 658.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.44 658.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 307.15 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.43 658.10 Td (support ) Tj ET Q q 0 0 0 rg BT 349.93 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.76 658.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 409.91 658.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 95.48 624.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 600.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.17 600.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.66 600.10 Td (used ) Tj ET Q q 0 0 0 rg BT 141.72 600.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.45 600.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 192.94 600.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 230.77 600.10 Td (during ) Tj ET Q q 0 0 0 rg BT 258.61 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.55 600.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 300.94 600.10 Td (months ) Tj ET Q q 0 0 0 rg BT 332.11 600.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.72 600.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 415.53 600.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.53 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.26 600.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.54 600.10 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 473.77 600.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.66 600.10 Td (, ) Tj ET Q q 0 0 0 rg BT 506.89 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.06 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.78 600.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 89.15 588.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.41 588.10 Td ($59.8 ) Tj ET Q q 0 0 0 rg BT 123.84 588.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.73 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.66 588.10 Td (used ) Tj ET Q q 0 0 0 rg BT 174.92 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.63 588.10 Td (reacquire ) Tj ET Q q 0 0 0 rg BT 223.76 588.10 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 238.19 588.10 Td (million ) Tj ET Q q 0 0 0 rg BT 269.01 588.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 295.93 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.19 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.34 588.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 366.85 588.10 Td (common ) Tj ET Q q 0 0 0 rg BT 403.78 588.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.32 588.10 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 448.75 588.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.64 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.57 588.10 Td (used ) Tj ET Q q 0 0 0 rg BT 499.83 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.54 588.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 525.91 588.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 90.87 576.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.63 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.82 576.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 146.24 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.55 576.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.86 576.10 Td (common ) Tj ET Q q 0 0 0 rg BT 208.84 576.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.42 576.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 253.90 576.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 576.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.78 576.10 Td (used ) Tj ET Q q 0 0 0 rg BT 305.09 576.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.84 576.10 Td (make ) Tj ET Q q 0 0 0 rg BT 338.48 576.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 380.44 576.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 420.75 576.10 Td (against ) Tj ET Q q 0 0 0 rg BT 451.05 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.25 576.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 500.01 576.10 Td (term ) Tj ET Q q 0 0 0 rg BT 520.31 576.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 542.01 576.10 Td ($605 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 88.61 564.10 Td (used ) Tj ET Q q 0 0 0 rg BT 109.44 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.71 564.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 136.65 564.10 Td (down ) Tj ET Q q 0 0 0 rg BT 161.37 564.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 195.54 564.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 243.04 564.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 266.64 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.58 564.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 312.73 564.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 335.21 564.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 384.66 564.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 398.35 564.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 418.07 564.10 Td (of) Tj ET Q q 0 0 0 rg BT 426.22 564.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 458.71 564.10 Td (these ) Tj ET Q q 0 0 0 rg BT 481.76 564.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 502.03 564.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 539.52 564.10 Td (was ) Tj ET Q q 0 0 0 rg BT 557.58 564.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (net ) Tj ET Q q 0 0 0 rg BT 65.01 552.10 Td ($72.6 ) Tj ET Q q 0 0 0 rg BT 90.30 552.10 Td (million ) Tj ET Q q 0 0 0 rg BT 121.98 552.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 160.32 552.10 Td (from ) Tj ET Q q 0 0 0 rg BT 182.55 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.55 552.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 245.88 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 552.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 307.56 552.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.79 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.79 552.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 383.68 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.91 552.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 442.01 552.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 487.57 552.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 513.12 552.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 544.23 552.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 85.28 540.10 Td (Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 516.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 103.11 516.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.55 516.10 Td (used ) Tj ET Q q 0 0 0 rg BT 144.56 516.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.23 516.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 197.67 516.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 236.44 516.10 Td (during ) Tj ET Q q 0 0 0 rg BT 265.22 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.11 516.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 309.44 516.10 Td (months ) Tj ET Q q 0 0 0 rg BT 341.56 516.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.11 516.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 426.87 516.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 449.54 516.10 Td (was ) Tj ET Q q 0 0 0 rg BT 467.77 516.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 487.94 516.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 522.01 516.10 Td (Financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.79 504.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 108.81 504.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 149.04 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.39 504.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 185.91 504.10 Td (million ) Tj ET Q q 0 0 0 rg BT 217.82 504.10 Td (used ) Tj ET Q q 0 0 0 rg BT 239.17 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.97 504.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 267.43 504.10 Td (common ) Tj ET Q q 0 0 0 rg BT 305.44 504.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.57 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.35 504.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 392.26 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.06 504.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.41 504.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 475.46 504.10 Td ($81.7 ) Tj ET Q q 0 0 0 rg BT 500.98 504.10 Td (million ) Tj ET Q q 0 0 0 rg BT 532.89 504.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.24 504.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (reacquire ) Tj ET Q q 0 0 0 rg BT 88.97 492.10 Td (2.9 ) Tj ET Q q 0 0 0 rg BT 103.25 492.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.92 492.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 160.68 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.79 492.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.90 492.10 Td (common ) Tj ET Q q 0 0 0 rg BT 222.67 492.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.56 492.10 Td (via ) Tj ET Q q 0 0 0 rg BT 259.55 492.10 Td (open ) Tj ET Q q 0 0 0 rg BT 280.77 492.10 Td (market ) Tj ET Q q 0 0 0 rg BT 310.31 492.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 354.01 492.10 Td ($642 ) Tj ET Q q 0 0 0 rg BT 375.79 492.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 413.68 492.10 Td (used ) Tj ET Q q 0 0 0 rg BT 433.78 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.34 492.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 459.56 492.10 Td (down ) Tj ET Q q 0 0 0 rg BT 483.55 492.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 517.00 492.10 Td (promissory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 76.78 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.38 480.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 112.55 480.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 151.83 480.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.55 480.10 Td (used ) Tj ET Q q 0 0 0 rg BT 192.04 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.99 480.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 220.60 480.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 250.42 480.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 273.57 480.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 323.68 480.10 Td (Partially ) Tj ET Q q 0 0 0 rg BT 360.73 480.10 Td (of) Tj ET Q q 0 0 0 rg BT 368.88 480.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 402.04 480.10 Td (these ) Tj ET Q q 0 0 0 rg BT 425.76 480.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.69 480.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 484.86 480.10 Td (were ) Tj ET Q q 0 0 0 rg BT 507.46 480.10 Td ($86.0 ) Tj ET Q q 0 0 0 rg BT 533.13 480.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.58 468.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.06 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.42 468.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 169.22 468.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 188.47 468.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 228.83 468.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 253.63 468.10 Td (line ) Tj ET Q q 0 0 0 rg BT 270.66 468.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 301.02 468.10 Td (with ) Tj ET Q q 0 0 0 rg BT 320.83 468.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 355.64 468.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 394.89 468.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 445.25 468.10 Td (\("Regions"\), ) Tj ET Q q 0 0 0 rg BT 497.39 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.86 468.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 525.90 468.10 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.94 456.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 97.08 456.10 Td (from ) Tj ET Q q 0 0 0 rg BT 118.13 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.95 456.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 166.31 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.25 456.10 Td (common ) Tj ET Q q 0 0 0 rg BT 212.85 456.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.56 456.10 Td (options ) Tj ET Q q 0 0 0 rg BT 266.62 456.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 283.77 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.71 456.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 333.07 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.00 456.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 371.81 456.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.41 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.79 456.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 435.51 456.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 469.87 456.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 491.47 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.52 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.34 456.10 Td (recipient's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.93 444.10 Td (taxes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 103.05 410.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 127.78 410.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 173.63 410.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 393.10 Td (On ) Tj ET Q q 0 0 0 rg BT 102.23 393.10 Td (June ) Tj ET Q q 0 0 0 rg BT 124.56 393.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 141.07 393.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 167.58 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.80 393.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.69 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.13 393.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.34 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.68 393.10 Td (its ) Tj ET Q q 0 0 0 rg BT 302.13 393.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 353.36 393.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 386.79 393.10 Td (into ) Tj ET Q q 0 0 0 rg BT 406.35 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.57 393.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 455.13 393.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 508.57 393.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 528.12 393.10 Td (Second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (Amendment\) ) Tj ET Q q 0 0 0 rg BT 110.11 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.81 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.94 381.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 171.63 381.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 206.75 381.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.65 381.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 268.12 381.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 282.69 381.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 315.59 381.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 348.77 381.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 372.69 381.10 Td (August ) Tj ET Q q 0 0 0 rg BT 404.50 381.10 Td (5, ) Tj ET Q q 0 0 0 rg BT 414.91 381.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.32 381.10 Td (among ) Tj ET Q q 0 0 0 rg BT 470.45 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.58 381.10 Td (Company) Tj ET Q q 0 0 0 rg BT 523.82 381.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.23 381.10 Td (Regions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 72.73 369.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.32 369.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 143.92 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.98 369.10 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 200.67 369.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 226.73 369.10 Td (\("Regions"\), ) Tj ET Q q 0 0 0 rg BT 278.45 369.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 312.84 369.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 343.34 369.10 Td (Markets, ) Tj ET Q q 0 0 0 rg BT 380.23 369.10 Td (PNC ) Tj ET Q q 0 0 0 rg BT 401.30 369.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 431.80 369.10 Td (Markets, ) Tj ET Q q 0 0 0 rg BT 468.68 369.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 491.69 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.63 369.10 Td (TD ) Tj ET Q q 0 0 0 rg BT 522.58 369.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (\(USA\) ) Tj ET Q q 0 0 0 rg BT 79.77 357.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.21 357.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 112.65 357.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 135.06 357.10 Td (Arrangers ) Tj ET Q q 0 0 0 rg BT 178.15 357.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.92 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.24 357.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 249.11 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.55 357.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 294.81 357.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.47 357.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 345.33 357.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 397.87 357.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 437.62 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.95 357.10 Td (total ) Tj ET Q q 0 0 0 rg BT 473.83 357.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 499.70 357.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 531.13 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.01 357.10 Td ($400 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.88 345.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.31 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.52 345.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 141.95 345.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 174.94 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.26 345.10 Td ($240 ) Tj ET Q q 0 0 0 rg BT 209.26 345.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 243.64 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.07 345.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 296.83 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.04 345.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 357.80 345.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 380.23 345.10 Td (group ) Tj ET Q q 0 0 0 rg BT 406.55 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.32 345.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 446.41 345.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 496.05 345.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.04 345.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 539.25 345.10 Td (seven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (new ) Tj ET Q q 0 0 0 rg BT 68.67 333.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 117.33 333.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.77 333.10 Td (include ) Tj ET Q q 0 0 0 rg BT 175.22 333.10 Td (PNC ) Tj ET Q q 0 0 0 rg BT 196.68 333.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 222.29 333.10 Td (National ) Tj ET Q q 0 0 0 rg BT 258.29 333.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 307.52 333.10 Td (BMO ) Tj ET Q q 0 0 0 rg BT 332.31 333.10 Td (Harris ) Tj ET Q q 0 0 0 rg BT 359.31 333.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 382.42 333.10 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 406.38 333.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 425.04 333.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 448.16 333.10 Td (National ) Tj ET Q q 0 0 0 rg BT 484.16 333.10 Td (Association, ) Tj ET Q q 0 0 0 rg BT 535.88 333.10 Td (HSBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 74.96 321.10 Td (National, ) Tj ET Q q 0 0 0 rg BT 115.75 321.10 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 154.03 321.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 181.49 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.28 321.10 Td (T) Tj ET Q q 0 0 0 rg BT 202.69 321.10 Td (oronto-Dominion ) Tj ET Q q 0 0 0 rg BT 276.54 321.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 301.50 321.10 Td (\(New ) Tj ET Q q 0 0 0 rg BT 327.00 321.10 Td (Y) Tj ET Q q 0 0 0 rg BT 333.22 321.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 350.40 321.10 Td (Branch\), ) Tj ET Q q 0 0 0 rg BT 388.96 321.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.98 321.10 Td (T) Tj ET Q q 0 0 0 rg BT 412.73 321.10 Td (rustmark ) Tj ET Q q 0 0 0 rg BT 452.13 321.10 Td (National ) Tj ET Q q 0 0 0 rg BT 490.42 321.10 Td (Bank. ) Tj ET Q q 0 0 0 rg BT 517.61 321.10 Td (The ) Tj ET Q q 0 0 0 rg BT 537.01 321.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.99 309.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 111.22 309.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 143.77 309.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 174.10 309.10 Td (now ) Tj ET Q q 0 0 0 rg BT 193.89 309.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 228.13 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.02 309.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.03 309.10 Td (5-year ) Tj ET Q q 0 0 0 rg BT 274.13 309.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 315.02 309.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 340.35 309.10 Td (component ) Tj ET Q q 0 0 0 rg BT 387.35 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.69 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.48 309.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.04 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.93 309.10 Td ($275 ) Tj ET Q q 0 0 0 rg BT 478.50 309.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 512.46 309.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.46 309.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.46 309.10 Td (5-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.80 297.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 90.49 297.10 Td (component ) Tj ET Q q 0 0 0 rg BT 137.40 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.65 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.34 297.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.80 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.61 297.10 Td ($125 ) Tj ET Q q 0 0 0 rg BT 228.08 297.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 261.95 297.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.20 297.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 330.76 297.10 Td (due ) Tj ET Q q 0 0 0 rg BT 347.68 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.93 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.62 297.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 405.09 297.10 Td ($3.13 ) Tj ET Q q 0 0 0 rg BT 430.06 297.10 Td (million ) Tj ET Q q 0 0 0 rg BT 461.42 297.10 Td (due ) Tj ET Q q 0 0 0 rg BT 478.33 297.10 Td (each ) Tj ET Q q 0 0 0 rg BT 499.12 297.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 527.04 297.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.01 297.10 Td (starting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (September ) Tj ET Q q 0 0 0 rg BT 96.04 285.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 111.82 285.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 137.36 285.10 Td (The ) Tj ET Q q 0 0 0 rg BT 156.18 285.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 183.73 285.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 231.43 285.10 Td (also ) Tj ET Q q 0 0 0 rg BT 250.81 285.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 287.41 285.10 Td (an ) Tj ET Q q 0 0 0 rg BT 300.13 285.10 Td (accordion ) Tj ET Q q 0 0 0 rg BT 342.83 285.10 Td (feature, ) Tj ET Q q 0 0 0 rg BT 376.36 285.10 Td (which ) Tj ET Q q 0 0 0 rg BT 404.07 285.10 Td (if ) Tj ET Q q 0 0 0 rg BT 413.46 285.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 454.49 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.20 285.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 512.69 285.10 Td (by ) Tj ET Q q 0 0 0 rg BT 525.96 285.10 Td (all ) Tj ET Q q 0 0 0 rg BT 539.24 285.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 81.54 273.10 Td (would ) Tj ET Q q 0 0 0 rg BT 108.92 273.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 140.19 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.79 273.10 Td (total ) Tj ET Q q 0 0 0 rg BT 174.94 273.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 218.99 273.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 254.68 273.10 Td (under ) Tj ET Q q 0 0 0 rg BT 279.84 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.44 273.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 339.58 273.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 364.73 273.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 395.44 273.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.60 273.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 427.98 273.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 461.59 273.10 Td (The ) Tj ET Q q 0 0 0 rg BT 479.52 273.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 504.67 273.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 535.37 273.10 Td (carries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 261.10 Td (leverage-based ) Tj ET Q q 0 0 0 rg BT 119.40 261.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 151.90 261.10 Td (related ) Tj ET Q q 0 0 0 rg BT 181.60 261.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.54 261.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 233.52 261.10 Td (which ) Tj ET Q q 0 0 0 rg BT 260.46 261.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 299.05 261.10 Td (stands ) Tj ET Q q 0 0 0 rg BT 326.55 261.10 Td (at ) Tj ET Q q 0 0 0 rg BT 336.27 261.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 396.53 261.10 Td (2.81%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 232.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 232.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.08 232.10 Td (, the outstanding balance on the revolving line of credit with Regions was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.24 232.10 Td ($154.03 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.13 232.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (the facility carried an interest rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.98 220.10 Td (2.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.81 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 233.63 220.10 Td (This balance is included in the long-term liabilities section of the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Balance Sheets. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.64 208.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.64 208.10 Td (, the average and maximum outstanding balances on the revolving line of credit were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.58 208.10 Td ($168 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.97 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 196.10 Td ($226.46 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.83 196.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 183.49 196.10 Td (, and the weighted average interest rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.36 196.10 Td (2.72%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 167.10 Td (At ) Tj ET Q q 0 0 0 rg BT 98.02 167.10 Td (December ) Tj ET Q q 0 0 0 rg BT 141.12 167.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.64 167.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.16 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 167.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 243.07 167.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 275.62 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.64 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 167.10 Td (term ) Tj ET Q q 0 0 0 rg BT 322.22 167.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.46 167.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.03 167.10 Td ($1) Tj ET Q q 0 0 0 rg BT 368.65 167.10 Td (18.8 ) Tj ET Q q 0 0 0 rg BT 388.17 167.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.06 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.08 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.43 167.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.89 167.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 480.40 167.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.31 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.00 167.10 Td (due ) Tj ET Q q 0 0 0 rg BT 536.46 167.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 155.10 Td (next ) Tj ET Q q 0 0 0 rg BT 83.52 155.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 112.22 155.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 146.06 155.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.89 155.10 Td (term ) Tj ET Q q 0 0 0 rg BT 186.25 155.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 205.51 155.10 Td (also ) Tj ET Q q 0 0 0 rg BT 223.67 155.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 253.46 155.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.95 155.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 296.42 155.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.45 155.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.82 155.10 Td (2.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 155.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.05 155.10 Td (The ) Tj ET Q q 0 0 0 rg BT 376.64 155.10 Td (current ) Tj ET Q q 0 0 0 rg BT 407.00 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.48 155.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 464.96 155.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 499.78 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.15 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.41 155.10 Td (term ) Tj ET Q q 0 0 0 rg BT 544.78 155.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.04 143.10 Td (included ) Tj ET Q q 0 0 0 rg BT 100.31 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.92 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.97 143.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 166.33 143.10 Td (current ) Tj ET Q q 0 0 0 rg BT 196.48 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.75 143.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 254.02 143.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 288.06 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.23 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.28 143.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 358.55 143.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 413.15 143.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 447.19 143.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 477.63 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.68 143.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.40 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 143.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.93 131.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 96.93 131.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.82 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.32 131.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.26 131.10 Td ($106.3 ) Tj ET Q q 0 0 0 rg BT 175.26 131.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.65 131.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 257.46 131.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.18 131.10 Td (December ) Tj ET Q q 0 0 0 rg BT 310.76 131.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 325.76 131.10 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 104.16 97.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 156.12 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.74 97.10 Td (Commer) Tj ET Q q 0 0 0 rg BT 212.32 97.10 Td (cial ) Tj ET Q q 0 0 0 rg BT 229.81 97.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 75.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.44 75.10 Td (following ) Tj ET Q q 0 0 0 rg BT 157.21 75.10 Td (table ) Tj ET Q q 0 0 0 rg BT 178.54 75.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 228.19 75.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.41 75.10 Td (known ) Tj ET Q q 0 0 0 rg BT 272.52 75.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 318.83 75.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 337.94 75.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.26 75.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 376.14 75.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 422.47 75.10 Td (as ) Tj ET Q q 0 0 0 rg BT 432.69 75.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.91 75.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.88 75.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.88 75.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.14 75.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.57 75.10 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 87.49 63.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 144.42 63.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.92 63.10 Td (are ) Tj ET Q q 0 0 0 rg BT 176.63 63.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 221.34 63.10 Td (based ) Tj ET Q q 0 0 0 rg BT 246.61 63.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.11 63.10 Td (events ) Tj ET Q q 0 0 0 rg BT 287.15 63.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.98 63.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 327.69 63.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 367.39 63.10 Td (at ) Tj ET Q q 0 0 0 rg BT 377.11 63.10 Td (this ) Tj ET Q q 0 0 0 rg BT 394.06 63.10 Td (time.) 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ET q 0 0 0 rg BT 53.00 702.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.55 702.18 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 688.07 Td (Revolving line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 688.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 688.07 Td (154,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 688.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 688.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 688.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 688.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 688.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 688.07 Td (154,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 688.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 688.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 674.07 Td (Short and long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 674.07 Td (118,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 674.07 Td (12,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 674.07 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 674.07 Td (81,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 674.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.07 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 660.07 Td (12,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 660.07 Td (4,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 660.07 Td (6,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 660.07 Td (1,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 660.07 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.07 Td (Future Purchase Agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 646.07 Td (1,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.00 646.07 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 646.07 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 646.07 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 646.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.07 Td (Capital leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 632.07 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 632.07 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 632.07 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 632.07 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 632.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 618.23 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.00 618.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 618.23 Td (286,868) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.00 618.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.15 618.23 Td (17,680) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 618.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 618.23 Td (32,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 618.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 618.23 Td (236,585) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 618.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 618.23 Td (53) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.00 Td (Off ) Tj ET Q q 0 0 0 rg BT 66.94 593.00 Td (Balance ) Tj ET Q q 0 0 0 rg BT 103.33 593.00 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 128.97 593.00 Td (T) Tj ET Q q 0 0 0 rg BT 134.90 593.00 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 571.00 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 571.00 Td (e ) Tj ET Q q 0 0 0 rg BT 114.58 571.00 Td (do ) Tj ET Q q 0 0 0 rg BT 127.08 571.00 Td (not ) Tj ET Q q 0 0 0 rg BT 142.35 571.00 Td (engage ) Tj ET Q q 0 0 0 rg BT 173.17 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 183.45 571.00 Td (of) Tj ET Q q 0 0 0 rg BT 191.60 571.00 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 231.29 571.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 254.34 571.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 294.60 571.00 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.00 Td (Inflation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 527.00 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 527.00 Td (e ) Tj ET Q q 0 0 0 rg BT 114.17 527.00 Td (do ) Tj ET Q q 0 0 0 rg BT 126.25 527.00 Td (not ) Tj ET Q q 0 0 0 rg BT 141.12 527.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 172.08 527.00 Td (that ) Tj ET Q q 0 0 0 rg BT 189.17 527.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.47 527.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 220.55 527.00 Td (of ) Tj ET Q q 0 0 0 rg BT 230.96 527.00 Td (inflation ) Tj ET Q q 0 0 0 rg BT 266.94 527.00 Td (has ) Tj ET Q q 0 0 0 rg BT 282.35 527.00 Td (had ) Tj ET Q q 0 0 0 rg BT 298.88 527.00 Td (a ) Tj ET Q q 0 0 0 rg BT 305.41 527.00 Td (material ) Tj ET Q q 0 0 0 rg BT 340.26 527.00 Td (ef) Tj ET Q q 0 0 0 rg BT 347.84 527.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 364.92 527.00 Td (on ) Tj ET Q q 0 0 0 rg BT 377.01 527.00 Td (our ) Tj ET Q q 0 0 0 rg BT 392.43 527.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.28 527.00 Td (results. ) Tj ET Q q 0 0 0 rg BT 462.98 527.00 Td (However) Tj ET Q q 0 0 0 rg BT 499.23 527.00 Td (, ) Tj ET Q q 0 0 0 rg BT 503.82 527.00 Td (inflation ) Tj ET Q q 0 0 0 rg BT 539.79 527.00 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 515.00 Td (af) Tj ET Q q 0 0 0 rg BT 98.40 515.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.89 515.00 Td (our ) Tj ET Q q 0 0 0 rg BT 131.72 515.00 Td (future ) Tj ET Q q 0 0 0 rg BT 158.10 515.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.36 515.00 Td (results.) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (RECENT) Tj ET Q q 0 0 0 rg BT 91.49 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.44 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 165.39 742.25 Td (PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.79 720.25 Td (following ) Tj ET Q q 0 0 0 rg BT 159.93 720.25 Td (is ) Tj ET Q q 0 0 0 rg BT 169.84 720.25 Td (a ) Tj ET Q q 0 0 0 rg BT 177.53 720.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 217.99 720.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.57 720.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 265.02 720.25 Td (released ) Tj ET Q q 0 0 0 rg BT 301.02 720.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 348.14 720.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 417.48 720.25 Td (that ) Tj ET Q q 0 0 0 rg BT 435.72 720.25 Td (are ) Tj ET Q q 0 0 0 rg BT 451.18 720.25 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 489.97 720.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.99 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 720.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 720.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (business: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 684.25 Td (On ) Tj ET Q q 0 0 0 rg BT 101.26 684.25 Td (October ) Tj ET Q q 0 0 0 rg BT 136.51 684.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 152.05 684.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.09 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.35 684.25 Td (F) Tj ET Q q 0 0 0 rg BT 195.17 684.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 217.66 684.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 245.03 684.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 268.08 684.25 Td (2016-16, ) Tj ET Q q 0 0 0 rg BT 306.73 684.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.14 684.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 332.95 684.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 341.69 684.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 361.95 684.25 Td (740\): ) Tj ET Q q 0 0 0 rg BT 386.10 684.25 Td (Intra-Entity ) Tj ET Q q 0 0 0 rg BT 435.57 684.25 Td (T) Tj ET Q q 0 0 0 rg BT 441.33 684.25 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 476.02 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.72 684.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 515.87 684.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 541.46 684.25 Td (Than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (Inventory) Tj ET Q q 0 0 0 rg BT 88.23 672.25 Td (. ) Tj ET Q q 0 0 0 rg BT 92.96 672.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 125.74 672.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 152.59 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.82 672.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 192.61 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.06 672.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 254.83 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.39 672.25 Td (current ) Tj ET Q q 0 0 0 rg BT 295.93 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.60 672.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 348.14 672.25 Td (income ) Tj ET Q q 0 0 0 rg BT 379.80 672.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 402.58 672.25 Td (for ) Tj ET Q q 0 0 0 rg BT 416.47 672.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.14 672.25 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 474.80 672.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 496.47 672.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 529.24 672.25 Td (until ) Tj ET Q q 0 0 0 rg BT 549.80 672.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.07 660.25 Td (has ) Tj ET Q q 0 0 0 rg BT 86.03 660.25 Td (been ) Tj ET Q q 0 0 0 rg BT 106.54 660.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 124.84 660.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.25 660.25 Td (an 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0 0 0 rg BT 146.44 648.25 Td (income ) Tj ET Q q 0 0 0 rg BT 178.88 648.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 202.44 648.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.23 648.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 239.35 648.25 Td (. ) Tj ET Q q 0 0 0 rg BT 244.64 648.25 Td (The ) Tj ET Q q 0 0 0 rg BT 263.20 648.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 316.75 648.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 355.86 648.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.21 648.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 391.22 648.25 Td (2016-16 ) Tj ET Q q 0 0 0 rg BT 427.57 648.25 Td (require ) Tj ET Q q 0 0 0 rg BT 458.89 648.25 Td (an ) Tj ET Q q 0 0 0 rg BT 471.34 648.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 497.13 648.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.92 648.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 549.79 648.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (income ) Tj ET Q q 0 0 0 rg BT 82.24 636.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.26 636.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 155.03 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) Tj ET Q q 0 0 0 rg BT 172.14 624.25 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 219.12 624.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 252.20 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.08 624.25 Td (an ) Tj ET Q q 0 0 0 rg BT 275.07 624.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 297.06 624.25 Td (other ) Tj ET Q q 0 0 0 rg BT 320.15 624.25 Td (than ) Tj ET Q q 0 0 0 rg BT 339.92 624.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 377.59 624.25 Td (. ) Tj ET Q q 0 0 0 rg BT 382.46 624.25 Td (T) Tj ET Q q 0 0 0 rg BT 387.87 624.25 Td (wo ) Tj ET Q q 0 0 0 rg BT 402.64 624.25 Td (common ) Tj ET Q q 0 0 0 rg BT 440.18 624.25 Td (examples ) Tj ET Q q 0 0 0 rg BT 480.49 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.37 624.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.25 624.25 Td (included ) Tj ET Q q 0 0 0 rg BT 554.23 624.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.93 612.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 90.41 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.46 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.39 612.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 169.64 612.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 184.564453125 610.9169921875 m 265.5791015625 610.9169921875 l s q 0 0 0 rg BT 184.56 612.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 231.70 612.25 Td (property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.58 612.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.29 612.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.45 612.25 Td (property) Tj ET Q q 0 0 0 rg BT 318.67 612.25 Td (, ) Tj ET Q q 0 0 0 rg BT 323.89 612.25 Td (plant, ) Tj ET Q q 0 0 0 rg BT 349.10 612.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.25 612.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 413.48 612.25 Td (The ) Tj ET Q q 0 0 0 rg BT 431.74 612.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 484.99 612.25 Td (do ) Tj ET Q q 0 0 0 rg BT 497.71 612.25 Td (not ) Tj ET Q q 0 0 0 rg BT 513.20 612.25 Td (include ) Tj ET Q q 0 0 0 rg BT 545.35 612.25 Td (new ) Tj ET Q BT 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588.25 Td (for ) Tj ET Q q 0 0 0 rg BT 152.53 588.25 Td (an ) Tj ET Q q 0 0 0 rg BT 163.87 588.25 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 210.20 588.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 242.63 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.86 588.25 Td (an ) Tj ET Q q 0 0 0 rg BT 264.19 588.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.53 588.25 Td (other ) Tj ET Q q 0 0 0 rg BT 307.97 588.25 Td (than ) Tj ET Q q 0 0 0 rg BT 327.08 588.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 364.76 588.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.02 588.25 Td (The ) Tj ET Q q 0 0 0 rg BT 386.46 588.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 438.90 588.25 Td (align ) Tj ET Q q 0 0 0 rg BT 460.80 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.91 588.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 522.35 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.58 588.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.05 576.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 122.85 576.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.34 576.25 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 184.60 576.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 221.85 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.01 576.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 259.17 576.25 Td (other ) Tj ET Q q 0 0 0 rg BT 282.55 576.25 Td (than ) Tj ET Q q 0 0 0 rg BT 302.59 576.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 343.75 576.25 Td (with ) Tj ET Q q 0 0 0 rg BT 364.35 576.25 Td (International ) Tj ET Q q 0 0 0 rg BT 418.27 576.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 458.31 576.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 501.13 576.25 Td (Standards. ) Tj ET Q q 0 0 0 rg BT 545.90 576.25 Td (IAS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 65.33 564.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 97.94 564.25 Td (T) Tj ET Q q 0 0 0 rg BT 103.35 564.25 Td (axes, ) Tj ET Q q 0 0 0 rg BT 126.44 564.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 161.48 564.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 209.84 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.00 564.25 Td (current ) Tj ET Q q 0 0 0 rg BT 252.14 564.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.41 564.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 305.54 564.25 Td (income ) Tj ET Q q 0 0 0 rg BT 337.80 564.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 361.18 564.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 399.00 564.25 Td (from ) Tj ET Q q 0 0 0 rg BT 421.27 564.25 Td (an ) Tj ET Q q 0 0 0 rg BT 433.53 564.25 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 480.79 564.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 514.15 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.31 564.25 Td (any ) Tj ET Q q 0 0 0 rg BT 542.57 564.25 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 94.16 552.25 Td (inventory\) ) Tj ET Q q 0 0 0 rg BT 138.88 552.25 Td (when ) Tj ET Q q 0 0 0 rg BT 163.60 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.88 552.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 212.48 552.25 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 243.91 552.25 Td (The ) Tj ET Q q 0 0 0 rg BT 262.52 552.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 316.12 552.25 Td (are ) Tj ET Q q 0 0 0 rg BT 331.39 552.25 Td (ef) Tj ET Q q 0 0 0 rg BT 338.98 552.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 369.24 552.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.96 552.25 Td (public ) Tj ET Q q 0 0 0 rg BT 412.02 552.25 Td (business ) Tj ET Q q 0 0 0 rg BT 448.97 552.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 480.91 552.25 Td (for ) Tj ET Q q 0 0 0 rg BT 495.63 552.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.35 552.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 82.90 540.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 126.35 540.25 Td (after ) Tj ET Q q 0 0 0 rg BT 148.12 540.25 Td (December ) Tj ET Q q 0 0 0 rg BT 192.66 540.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 208.62 540.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 234.58 540.25 Td (including ) Tj ET Q q 0 0 0 rg BT 275.81 540.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 308.14 540.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 348.26 540.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 381.15 540.25 Td (within ) Tj ET Q q 0 0 0 rg BT 410.17 540.25 Td (those ) Tj ET Q q 0 0 0 rg BT 434.73 540.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.84 540.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 504.96 540.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 540.35 540.25 Td (Early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 87.85 528.25 Td (is ) Tj ET Q q 0 0 0 rg BT 97.38 528.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 138.55 528.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.07 528.25 Td (all ) Tj ET Q q 0 0 0 rg BT 165.92 528.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 197.66 528.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.30 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.37 528.25 Td (first ) Tj ET Q q 0 0 0 rg BT 242.33 528.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 274.07 528.25 Td (period ) Tj ET Q q 0 0 0 rg BT 302.48 528.25 Td (if ) Tj ET Q q 0 0 0 rg BT 311.44 528.25 Td (an ) Tj ET Q q 0 0 0 rg BT 323.74 528.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 349.37 528.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 376.11 528.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 407.85 528.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.69 528.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 493.05 528.25 Td (The ) Tj ET Q q 0 0 0 rg BT 511.45 528.25 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.25 Td (should ) Tj ET Q q 0 0 0 rg BT 78.96 516.25 Td (be ) Tj ET Q q 0 0 0 rg BT 90.69 516.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 122.42 516.25 Td (on ) Tj ET Q q 0 0 0 rg BT 134.71 516.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.44 516.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 179.83 516.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 233.77 516.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 256.06 516.25 Td (through ) Tj ET Q q 0 0 0 rg BT 289.46 516.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.19 516.25 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 351.53 516.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 368.81 516.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 414.98 516.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 447.82 516.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.89 516.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 492.38 516.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 528.55 516.25 Td (as ) Tj ET Q q 0 0 0 rg BT 539.17 516.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 516.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.39 504.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.12 504.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 504.25 Td (period ) Tj ET Q q 0 0 0 rg BT 145.68 504.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.41 504.25 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 196.13 504.25 Td (The ) Tj ET Q q 0 0 0 rg BT 214.08 504.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.37 504.25 Td (has ) Tj ET Q q 0 0 0 rg BT 271.09 504.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 285.71 504.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.89 504.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 322.73 504.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.35 504.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 366.96 504.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.35 504.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 504.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 436.36 504.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.09 504.25 Td (this ) Tj ET Q q 0 0 0 rg BT 463.41 504.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 485.81 504.25 Td (will ) Tj ET Q q 0 0 0 rg BT 503.77 504.25 Td (have ) Tj ET Q q 0 0 0 rg BT 525.04 504.25 Td (on ) Tj ET Q q 0 0 0 rg BT 537.44 504.25 Td (Ebix's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 492.25 Td (income ) Tj ET Q q 0 0 0 rg BT 134.98 492.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 175.80 492.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.73 492.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 225.77 492.25 Td (sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 468.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.63 468.25 Td (August ) Tj ET Q q 0 0 0 rg BT 128.47 468.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 151.43 468.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 468.25 Td (F) Tj ET Q q 0 0 0 rg BT 171.41 468.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 193.82 468.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.12 468.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 244.07 468.25 Td (2016-15, ) Tj ET Q q 0 0 0 rg BT 282.86 468.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 325.80 468.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.08 468.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 360.03 468.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 387.44 468.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 396.18 468.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 416.35 468.25 Td (230\): ) Tj ET Q q 0 0 0 rg BT 440.41 468.25 Td (Classification ) Tj ET Q q 0 0 0 rg BT 498.35 468.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.63 468.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 542.01 468.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.85 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 87.34 453.85 Td (and ) Tj ET Q q 0 0 0 rg BT 104.69 453.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.60 453.85 Td (Payments. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 171.89 453.85 Td (T) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.22 453.85 Td (he ) Tj ET Q q 0 0 0 rg BT 191.57 453.85 Td (F) Tj ET Q q 0 0 0 rg BT 196.39 453.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 218.75 453.85 Td (has ) Tj ET Q q 0 0 0 rg BT 234.98 453.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 262.89 453.85 Td (this ) Tj ET Q q 0 0 0 rg BT 280.25 453.85 Td (amendment ) Tj ET Q q 0 0 0 rg BT 329.81 453.85 Td (to ) Tj ET Q q 0 0 0 rg BT 340.49 453.85 Td (address ) Tj ET Q q 0 0 0 rg BT 373.39 453.85 Td (diversity ) Tj ET Q q 0 0 0 rg BT 411.29 453.85 Td (in ) Tj ET Q q 0 0 0 rg BT 421.98 453.85 Td (how ) Tj ET Q q 0 0 0 rg BT 442.11 453.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.22 453.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.89 453.85 Td (receipts ) Tj ET Q q 0 0 0 rg BT 526.90 453.85 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 453.85 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.85 Td (payments ) Tj ET Q q 0 0 0 rg BT 91.00 441.85 Td (are ) Tj ET Q q 0 0 0 rg BT 105.89 441.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 146.88 441.85 Td (and ) Tj ET Q q 0 0 0 rg BT 164.00 441.85 Td (classified ) Tj ET Q q 0 0 0 rg BT 204.44 441.85 Td (in ) Tj ET Q q 0 0 0 rg BT 214.89 441.85 Td (the ) Tj ET Q q 0 0 0 rg BT 229.79 441.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 270.78 441.85 Td (of ) Tj ET Q q 0 0 0 rg BT 281.79 441.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 302.24 441.85 Td (flows. ) Tj ET Q q 0 0 0 rg BT 329.44 441.85 Td (The ) Tj ET Q q 0 0 0 rg BT 347.67 441.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 400.88 441.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 434.11 441.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 472.88 441.85 Td (on ) Tj ET Q q 0 0 0 rg BT 485.56 441.85 Td (the ) Tj ET Q q 0 0 0 rg BT 500.45 441.85 Td (following ) Tj ET Q q 0 0 0 rg BT 542.02 441.85 Td (eight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.85 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.59 429.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.86 429.85 Td (flow ) Tj ET Q q 0 0 0 rg BT 124.69 429.85 Td (issues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 412.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.85 Td (Debt ) Tj ET Q q 0 0 0 rg BT 107.94 412.85 Td (Prepayment ) Tj ET Q q 0 0 0 rg BT 158.20 412.85 Td (or ) Tj ET Q q 0 0 0 rg BT 169.03 412.85 Td (Debt ) Tj ET Q q 0 0 0 rg BT 190.97 412.85 Td (Extinguishment ) Tj ET Q q 0 0 0 rg BT 256.80 412.85 Td (Costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 395.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 395.85 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 130.20 395.85 Td (of ) Tj ET Q q 0 0 0 rg BT 139.97 395.85 Td (Zero-Coupon ) Tj ET Q q 0 0 0 rg BT 195.28 395.85 Td (Debt ) Tj ET Q q 0 0 0 rg BT 216.16 395.85 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 264.81 395.85 Td (or ) Tj ET Q q 0 0 0 rg BT 274.57 395.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 298.78 395.85 Td (Debt ) Tj ET Q q 0 0 0 rg BT 319.65 395.85 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 368.30 395.85 Td (with ) Tj ET Q q 0 0 0 rg BT 387.52 395.85 Td (Coupon ) Tj ET Q q 0 0 0 rg BT 420.62 395.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 452.04 395.85 Td (Rates ) Tj ET Q q 0 0 0 rg BT 475.59 395.85 Td (That ) Tj ET Q q 0 0 0 rg BT 495.04 395.85 Td (Are ) Tj ET Q q 0 0 0 rg BT 511.46 395.85 Td (Insignificant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 383.85 Td (in ) Tj ET Q q 0 0 0 rg BT 96.28 383.85 Td (Relation ) Tj ET Q q 0 0 0 rg BT 132.66 383.85 Td (to ) Tj ET Q q 0 0 0 rg BT 142.94 383.85 Td (the ) Tj ET Q q 0 0 0 rg BT 157.66 383.85 Td (Ef) Tj ET Q q 0 0 0 rg BT 166.91 383.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 196.62 383.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 229.10 383.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 249.93 383.85 Td (of ) Tj ET Q q 0 0 0 rg BT 260.76 383.85 Td (the ) Tj ET Q q 0 0 0 rg BT 275.47 383.85 Td (Borrowing; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 366.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 366.85 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 132.94 366.85 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 191.55 366.85 Td (Payments ) Tj ET Q q 0 0 0 rg BT 232.93 366.85 Td (Made ) Tj ET Q q 0 0 0 rg BT 258.20 366.85 Td (after ) Tj ET Q q 0 0 0 rg BT 279.02 366.85 Td (a ) Tj ET Q q 0 0 0 rg BT 285.96 366.85 Td (Business ) Tj ET Q q 0 0 0 rg BT 324.02 366.85 Td (Combination;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 349.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.85 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 124.60 349.85 Td (from ) Tj ET Q q 0 0 0 rg BT 146.54 349.85 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 349.85 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 206.52 349.85 Td (of ) Tj ET Q q 0 0 0 rg BT 217.35 349.85 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 258.72 349.85 Td (Claims;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 332.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 332.85 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 124.60 332.85 Td (from ) Tj ET Q q 0 0 0 rg BT 146.54 332.85 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 332.85 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 206.52 332.85 Td (of ) Tj ET Q q 0 0 0 rg BT 217.35 332.85 Td (Corporate-Owned ) Tj ET Q q 0 0 0 rg BT 292.05 332.85 Td (Life ) Tj ET Q q 0 0 0 rg BT 311.21 332.85 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 352.57 332.85 Td (Policies, ) Tj ET Q q 0 0 0 rg BT 389.24 332.85 Td (including ) Tj ET Q q 0 0 0 rg BT 429.51 332.85 Td (Bank-Owned;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 315.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 315.85 Td (Life ) Tj ET Q q 0 0 0 rg BT 105.16 315.85 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 146.52 315.85 Td (Policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 298.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.85 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 140.73 298.85 Td (Received ) Tj ET Q q 0 0 0 rg BT 180.43 298.85 Td (from ) Tj ET Q q 0 0 0 rg BT 202.37 298.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 231.53 298.85 Td (Method ) Tj ET Q q 0 0 0 rg BT 265.14 298.85 Td (Investees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 281.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 281.85 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 129.59 281.85 Td (Interests ) Tj ET Q q 0 0 0 rg BT 165.97 281.85 Td (in ) Tj ET Q q 0 0 0 rg BT 176.24 281.85 Td (Securitization ) Tj ET Q q 0 0 0 rg BT 234.10 281.85 Td (T) Tj ET Q q 0 0 0 rg BT 239.86 281.85 Td (ransactions; ) Tj ET Q q 0 0 0 rg BT 290.12 281.85 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 264.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 264.85 Td (Separately ) Tj ET Q q 0 0 0 rg BT 130.70 264.85 Td (Identifiable ) Tj ET Q q 0 0 0 rg BT 179.29 264.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 201.79 264.85 Td (Flows ) Tj ET Q q 0 0 0 rg BT 228.74 264.85 Td (and ) Tj ET Q q 0 0 0 rg BT 245.13 264.85 Td (Application ) Tj ET Q q 0 0 0 rg BT 294.84 264.85 Td (of ) Tj ET Q q 0 0 0 rg BT 305.67 264.85 Td (the ) Tj ET Q q 0 0 0 rg BT 320.39 264.85 Td (Predominance ) Tj ET Q q 0 0 0 rg BT 380.09 264.85 Td (Principle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 230.85 Td (The ) Tj ET Q q 0 0 0 rg BT 103.39 230.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 155.78 230.85 Td (are ) Tj ET Q q 0 0 0 rg BT 169.83 230.85 Td (ef) Tj ET Q q 0 0 0 rg BT 177.42 230.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 206.46 230.85 Td (for ) Tj ET Q q 0 0 0 rg BT 219.97 230.85 Td (public ) Tj ET Q q 0 0 0 rg BT 246.81 230.85 Td (business ) Tj ET Q q 0 0 0 rg BT 282.55 230.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 313.27 230.85 Td (for ) Tj ET Q q 0 0 0 rg BT 326.78 230.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 350.28 230.85 Td (years ) Tj ET Q q 0 0 0 rg BT 373.22 230.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 415.06 230.85 Td (after ) Tj ET Q q 0 0 0 rg BT 435.22 230.85 Td (December ) Tj ET Q q 0 0 0 rg BT 478.15 230.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 492.49 230.85 Td (2017, ) Tj ET Q q 0 0 0 rg BT 516.84 230.85 Td (and ) Tj ET Q q 0 0 0 rg BT 533.12 230.85 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 83.09 218.85 Td (within ) Tj ET Q q 0 0 0 rg BT 112.30 218.85 Td (those ) Tj ET Q q 0 0 0 rg BT 137.07 218.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 162.38 218.85 Td (years. ) Tj ET Q q 0 0 0 rg BT 189.37 218.85 Td (The ) Tj ET Q q 0 0 0 rg BT 208.57 218.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 262.77 218.85 Td (should ) Tj ET Q q 0 0 0 rg BT 293.09 218.85 Td (be ) Tj ET Q q 0 0 0 rg BT 306.18 218.85 Td (applied ) Tj ET Q q 0 0 0 rg BT 339.27 218.85 Td (using ) Tj ET Q q 0 0 0 rg BT 364.60 218.85 Td (a ) Tj ET Q q 0 0 0 rg BT 372.69 218.85 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 427.99 218.85 Td (transition ) Tj ET Q q 0 0 0 rg BT 469.41 218.85 Td (method ) Tj ET Q q 0 0 0 rg BT 503.06 218.85 Td (to ) Tj ET Q q 0 0 0 rg BT 514.50 218.85 Td (each ) Tj ET Q q 0 0 0 rg BT 536.47 218.85 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.85 Td (presented. ) Tj ET Q q 0 0 0 rg BT 93.27 206.85 Td (If ) Tj ET Q q 0 0 0 rg BT 102.38 206.85 Td (it ) Tj ET Q q 0 0 0 rg BT 110.39 206.85 Td (is ) Tj ET Q q 0 0 0 rg BT 119.51 206.85 Td (impracticable ) Tj ET Q q 0 0 0 rg BT 176.38 206.85 Td (to ) Tj ET Q q 0 0 0 rg BT 186.61 206.85 Td (apply ) Tj ET Q q 0 0 0 rg BT 211.28 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 225.95 206.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 278.94 206.85 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 340.82 206.85 Td (for ) Tj ET Q q 0 0 0 rg BT 354.93 206.85 Td (some ) Tj ET Q q 0 0 0 rg BT 378.49 206.85 Td (of ) Tj ET Q q 0 0 0 rg BT 389.27 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 206.85 Td (issues, ) Tj ET Q q 0 0 0 rg BT 432.79 206.85 Td (the ) Tj ET Q q 0 0 0 rg BT 447.46 206.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 500.45 206.85 Td (for ) Tj ET Q q 0 0 0 rg BT 514.56 206.85 Td (those ) Tj ET Q q 0 0 0 rg BT 538.12 206.85 Td (issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.85 Td (would ) Tj ET Q q 0 0 0 rg BT 77.45 194.85 Td (be ) Tj ET Q q 0 0 0 rg BT 89.34 194.85 Td (applied ) Tj ET Q q 0 0 0 rg BT 121.23 194.85 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 177.55 194.85 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 194.85 Td (of ) Tj ET Q q 0 0 0 rg BT 199.12 194.85 Td (the ) Tj ET Q q 0 0 0 rg BT 213.79 194.85 Td (earliest ) Tj ET Q q 0 0 0 rg BT 245.11 194.85 Td (date ) Tj ET Q q 0 0 0 rg BT 264.22 194.85 Td (practicable. ) Tj ET Q q 0 0 0 rg BT 312.85 194.85 Td (The ) Tj ET Q q 0 0 0 rg BT 330.85 194.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.19 194.85 Td (has ) Tj ET Q q 0 0 0 rg BT 387.98 194.85 Td (yet ) Tj ET Q q 0 0 0 rg BT 402.65 194.85 Td (to ) Tj ET Q q 0 0 0 rg BT 412.88 194.85 Td (assess ) Tj ET Q q 0 0 0 rg BT 439.77 194.85 Td (the ) Tj ET Q q 0 0 0 rg BT 454.44 194.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 484.11 194.85 Td (that ) Tj ET Q q 0 0 0 rg BT 501.55 194.85 Td (the ) Tj ET Q q 0 0 0 rg BT 516.22 194.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 553.67 194.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.85 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 182.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 88.90 182.85 Td (will ) Tj ET Q q 0 0 0 rg BT 106.96 182.85 Td (have ) Tj ET Q q 0 0 0 rg BT 128.33 182.85 Td (on ) Tj ET Q q 0 0 0 rg BT 140.83 182.85 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 167.92 182.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.96 182.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 261.78 182.85 Td (of ) Tj ET Q q 0 0 0 rg BT 272.61 182.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.88 182.85 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 165.85 Td (In ) Tj ET Q q 0 0 0 rg BT 96.10 165.85 Td (March ) Tj ET Q q 0 0 0 rg BT 123.96 165.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 145.73 165.85 Td (the ) Tj ET Q q 0 0 0 rg BT 159.71 165.85 Td (F) Tj ET Q q 0 0 0 rg BT 164.53 165.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 185.75 165.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 212.13 165.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 233.90 165.85 Td (2016-07 ) Tj ET Q q 0 0 0 rg BT 269.00 165.85 Td ("Investments ) Tj ET Q q 0 0 0 rg BT 323.17 165.85 Td (- ) Tj ET Q q 0 0 0 rg BT 328.27 165.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 356.70 165.85 Td (Method ) Tj ET Q q 0 0 0 rg BT 389.57 165.85 Td (and ) Tj ET Q q 0 0 0 rg BT 405.78 165.85 Td (Joint ) Tj ET Q q 0 0 0 rg BT 426.86 165.85 Td (V) Tj ET Q q 0 0 0 rg BT 432.98 165.85 Td (entures ) Tj ET Q q 0 0 0 rg BT 463.62 165.85 Td (\(T) Tj ET Q q 0 0 0 rg BT 472.36 165.85 Td (opic ) Tj ET Q q 0 0 0 rg BT 491.35 165.85 Td (323\): ) Tj ET Q q 0 0 0 rg BT 514.22 165.85 Td (Simplifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 153.85 Td (T) Tj ET Q q 0 0 0 rg BT 70.87 153.85 Td (ransition ) Tj ET Q q 0 0 0 rg BT 108.98 153.85 Td (to ) Tj ET Q q 0 0 0 rg BT 119.88 153.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.21 153.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 164.99 153.85 Td (Method ) Tj ET Q q 0 0 0 rg BT 199.22 153.85 Td (of ) Tj ET Q q 0 0 0 rg BT 209.98 153.85 Td (Accounting". ) Tj ET Q q 0 0 0 rg BT 266.11 153.85 Td (The ) Tj ET Q q 0 0 0 rg BT 284.77 153.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 338.43 153.85 Td (af) Tj ET Q q 0 0 0 rg BT 346.02 153.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 364.12 153.85 Td (all ) Tj ET Q q 0 0 0 rg BT 377.24 153.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 409.24 153.85 Td (that ) Tj ET Q q 0 0 0 rg BT 427.35 153.85 Td (have ) Tj ET Q q 0 0 0 rg BT 449.34 153.85 Td (an ) Tj ET Q q 0 0 0 rg BT 461.90 153.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 508.90 153.85 Td (that ) Tj ET Q q 0 0 0 rg BT 527.01 153.85 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.85 Td (qualified ) Tj ET Q q 0 0 0 rg BT 88.18 141.85 Td (for ) Tj ET Q q 0 0 0 rg BT 102.48 141.85 Td (the ) Tj ET Q q 0 0 0 rg BT 117.33 141.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 144.97 141.85 Td (method ) Tj ET Q q 0 0 0 rg BT 177.60 141.85 Td (of ) Tj ET Q q 0 0 0 rg BT 188.57 141.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 235.08 141.85 Td (as ) Tj ET Q q 0 0 0 rg BT 246.05 141.85 Td (a ) Tj ET Q q 0 0 0 rg BT 253.12 141.85 Td (result ) Tj ET Q q 0 0 0 rg BT 277.98 141.85 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 141.85 Td (an ) Tj ET Q q 0 0 0 rg BT 301.02 141.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.42 141.85 Td (in ) Tj ET Q q 0 0 0 rg BT 346.83 141.85 Td (the ) Tj ET Q q 0 0 0 rg BT 361.69 141.85 Td (level ) Tj ET Q q 0 0 0 rg BT 383.76 141.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.73 141.85 Td (ownership ) Tj ET Q q 0 0 0 rg BT 439.03 141.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.10 141.85 Td (or ) Tj ET Q q 0 0 0 rg BT 482.07 141.85 Td (degree ) Tj ET Q q 0 0 0 rg BT 511.35 141.85 Td (of ) Tj ET Q q 0 0 0 rg BT 522.32 141.85 Td (influence. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.85 Td (The ) Tj ET Q q 0 0 0 rg BT 67.34 129.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 119.68 129.85 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 158.69 129.85 Td (the ) Tj ET Q q 0 0 0 rg BT 172.70 129.85 Td (requirement ) Tj ET Q q 0 0 0 rg BT 222.81 129.85 Td (that ) Tj ET Q q 0 0 0 rg BT 239.60 129.85 Td (when ) Tj ET Q q 0 0 0 rg BT 263.06 129.85 Td (an ) Tj ET Q q 0 0 0 rg BT 274.29 129.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.97 129.85 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 356.20 129.85 Td (for ) Tj ET Q q 0 0 0 rg BT 369.66 129.85 Td (use ) Tj ET Q q 0 0 0 rg BT 384.79 129.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.91 129.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.93 129.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 435.72 129.85 Td (method ) Tj ET Q q 0 0 0 rg BT 467.51 129.85 Td (as ) Tj ET Q q 0 0 0 rg BT 477.64 129.85 Td (a ) Tj ET Q q 0 0 0 rg BT 483.87 129.85 Td (result ) Tj ET Q q 0 0 0 rg BT 507.89 129.85 Td (of ) Tj ET Q q 0 0 0 rg BT 518.01 129.85 Td (an ) Tj ET Q q 0 0 0 rg BT 529.25 129.85 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.85 Td (in ) Tj ET Q q 0 0 0 rg BT 59.85 117.85 Td (the ) Tj ET Q q 0 0 0 rg BT 74.13 117.85 Td (level ) Tj ET Q q 0 0 0 rg BT 95.63 117.85 Td (of ) Tj ET Q q 0 0 0 rg BT 106.03 117.85 Td (ownership ) Tj ET Q q 0 0 0 rg BT 149.75 117.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.25 117.85 Td (or ) Tj ET Q q 0 0 0 rg BT 191.65 117.85 Td (degree ) Tj ET Q q 0 0 0 rg BT 220.36 117.85 Td (of ) Tj ET Q q 0 0 0 rg BT 230.76 117.85 Td (influence, ) Tj ET Q q 0 0 0 rg BT 272.53 117.85 Td (an ) Tj ET Q q 0 0 0 rg BT 284.03 117.85 Td (investor ) Tj ET Q q 0 0 0 rg BT 318.32 117.85 Td (must ) Tj ET Q q 0 0 0 rg BT 339.83 117.85 Td (adjust ) Tj ET Q q 0 0 0 rg BT 365.79 117.85 Td (the ) Tj ET Q q 0 0 0 rg BT 380.07 117.85 Td (investment, ) Tj ET Q q 0 0 0 rg BT 428.52 117.85 Td (results ) Tj ET Q q 0 0 0 rg BT 456.69 117.85 Td (of ) Tj ET Q q 0 0 0 rg BT 467.09 117.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 513.31 117.85 Td (and ) Tj ET Q q 0 0 0 rg BT 529.82 117.85 Td (retained) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 87.47 105.85 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 141.58 105.85 Td (on ) Tj ET Q q 0 0 0 rg BT 155.17 105.85 Td (a ) Tj ET Q q 0 0 0 rg BT 163.20 105.85 Td (step-by-step ) Tj ET Q q 0 0 0 rg BT 215.66 105.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 239.25 105.85 Td (as ) Tj ET Q q 0 0 0 rg BT 251.17 105.85 Td (if ) Tj ET Q q 0 0 0 rg BT 260.87 105.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.67 105.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 305.26 105.85 Td (method ) Tj ET Q q 0 0 0 rg BT 338.84 105.85 Td (had ) Tj ET Q q 0 0 0 rg BT 356.87 105.85 Td (been ) Tj ET Q q 0 0 0 rg BT 379.34 105.85 Td (in ) Tj ET Q q 0 0 0 rg BT 390.70 105.85 Td (ef) Tj ET Q q 0 0 0 rg BT 398.29 105.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 416.87 105.85 Td (during ) Tj ET Q q 0 0 0 rg BT 446.56 105.85 Td (all ) Tj ET Q q 0 0 0 rg BT 460.15 105.85 Td (previous ) Tj ET Q q 0 0 0 rg BT 498.17 105.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 531.20 105.85 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 105.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 95.77 93.85 Td (had ) Tj ET Q q 0 0 0 rg BT 112.10 93.85 Td (been ) Tj ET Q q 0 0 0 rg BT 132.87 93.85 Td (held. ) Tj ET Q q 0 0 0 rg BT 154.34 93.85 Td (The ) Tj ET Q q 0 0 0 rg BT 171.77 93.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 224.20 93.85 Td (require ) Tj ET Q q 0 0 0 rg BT 254.41 93.85 Td (that ) Tj ET Q q 0 0 0 rg BT 271.29 93.85 Td (the ) Tj ET Q q 0 0 0 rg BT 285.40 93.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 312.29 93.85 Td (method ) Tj ET Q q 0 0 0 rg BT 344.17 93.85 Td (investor ) Tj ET Q q 0 0 0 rg BT 378.28 93.85 Td (add ) Tj ET Q q 0 0 0 rg BT 394.60 93.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.71 93.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 426.71 93.85 Td (of ) Tj ET Q q 0 0 0 rg BT 436.93 93.85 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 476.58 93.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.69 93.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 532.57 93.85 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.85 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 81.85 Td (the ) Tj ET Q q 0 0 0 rg BT 75.21 81.85 Td (investee ) Tj ET Q q 0 0 0 rg BT 110.58 81.85 Td (to ) Tj ET Q q 0 0 0 rg BT 120.96 81.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.79 81.85 Td (current ) Tj ET Q q 0 0 0 rg BT 166.71 81.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 189.31 81.85 Td (of ) Tj ET Q q 0 0 0 rg BT 200.25 81.85 Td (the ) Tj ET Q q 0 0 0 rg BT 215.07 81.85 Td (investor) Tj ET Q q 0 0 0 rg BT 247.66 81.85 Td () Tj ET Q q 0 0 0 rg BT 250.44 81.85 Td (s ) Tj ET Q q 0 0 0 rg BT 256.94 81.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 301.76 81.85 Td (held ) Tj ET Q q 0 0 0 rg BT 321.58 81.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.63 81.85 Td (and ) Tj ET Q q 0 0 0 rg BT 370.67 81.85 Td (adopt ) Tj ET Q q 0 0 0 rg BT 395.49 81.85 Td (the ) Tj ET Q q 0 0 0 rg BT 410.32 81.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.92 81.85 Td (method ) Tj ET Q q 0 0 0 rg BT 470.52 81.85 Td (of ) Tj ET Q q 0 0 0 rg BT 481.46 81.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 527.93 81.85 Td (as ) Tj ET Q q 0 0 0 rg BT 538.87 81.85 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 81.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.85 Td (date ) Tj ET Q q 0 0 0 rg BT 70.77 69.85 Td (the ) Tj ET Q q 0 0 0 rg BT 87.09 69.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 135.09 69.85 Td (becomes ) Tj ET Q q 0 0 0 rg BT 174.18 69.85 Td (qualified ) Tj ET Q q 0 0 0 rg BT 213.84 69.85 Td (for ) Tj ET Q q 0 0 0 rg BT 229.61 69.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 258.72 69.85 Td (method ) Tj ET Q q 0 0 0 rg BT 292.82 69.85 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 343.01 69.85 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 389.03 69.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 413.15 69.85 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 458.36 69.85 Td (for ) Tj ET Q q 0 0 0 rg BT 474.13 69.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 69.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 519.57 69.85 Td (method ) Tj ET Q q 0 0 0 rg BT 553.67 69.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.85 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 98.69 57.85 Td (no ) Tj ET Q q 0 0 0 rg BT 111.01 57.85 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 156.08 57.85 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 202.28 57.85 Td (of ) Tj ET Q q 0 0 0 rg BT 212.92 57.85 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 57.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.66 57.85 Td (is ) Tj ET Q q 0 0 0 rg BT 282.65 57.85 Td (required. ) Tj ET Q q 0 0 0 rg BT 320.61 57.85 Td (The ) Tj ET Q q 0 0 0 rg BT 338.48 57.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 391.34 57.85 Td (are ) Tj ET Q q 0 0 0 rg BT 405.87 57.85 Td (ef) Tj ET Q q 0 0 0 rg BT 413.45 57.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 442.97 57.85 Td (for ) Tj ET Q q 0 0 0 rg BT 456.95 57.85 Td (all ) Tj ET Q q 0 0 0 rg BT 469.27 57.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 500.47 57.85 Td (for ) Tj ET Q q 0 0 0 rg BT 514.44 57.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 538.42 57.85 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.85 Td (and ) Tj ET Q q 0 0 0 rg BT 66.06 45.85 Td (interim ) Tj ET Q q 0 0 0 rg BT 96.56 45.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 127.62 45.85 Td (within ) Tj ET Q q 0 0 0 rg BT 154.80 45.85 Td (those ) Tj ET Q q 0 0 0 rg BT 177.52 45.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 200.80 45.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 226.02 45.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 267.63 45.85 Td (after ) Tj ET Q q 0 0 0 rg BT 287.57 45.85 Td (December ) Tj ET Q q 0 0 0 rg BT 330.27 45.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 344.39 45.85 Td (2016. ) Tj ET Q q 0 0 0 rg BT 368.40 45.85 Td (The ) Tj ET Q q 0 0 0 rg BT 385.56 45.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 437.73 45.85 Td (should ) Tj ET Q q 0 0 0 rg BT 466.02 45.85 Td (be ) Tj ET Q q 0 0 0 rg BT 477.07 45.85 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.13 45.85 Td (prospectively ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.99 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 94.30 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 101.89 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 132.08 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 151.72 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.49 742.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 202.12 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.88 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 742.10 Td (level ) Tj ET Q q 0 0 0 rg BT 250.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.83 742.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 306.47 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.89 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.21 742.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 379.84 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.16 742.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 431.35 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.33 742.10 Td (result ) Tj ET Q q 0 0 0 rg BT 474.54 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.51 742.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 538.49 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 78.00 730.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 113.50 730.10 Td (Earlier ) Tj ET Q q 0 0 0 rg BT 143.71 730.10 Td (application ) Tj ET Q q 0 0 0 rg BT 191.14 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.81 730.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 244.42 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.97 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.86 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.42 730.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 348.65 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 366.10 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 385.76 730.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 424.86 730.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 463.95 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.74 730.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 500.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.68 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 534.02 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 549.80 730.10 Td (yet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.48 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 141.91 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.74 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.69 718.10 Td (adoption.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.14 694.10 Td (F) Tj ET Q q 0 0 0 rg BT 108.96 694.10 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 136.71 694.10 Td (new ) Tj ET Q q 0 0 0 rg BT 155.97 694.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 182.44 694.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 218.34 694.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 240.94 694.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 276.87 694.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 306.68 694.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 315.42 694.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 335.23 694.10 Td (842\) ) Tj ET Q q 0 0 0 rg BT 356.16 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 374.31 694.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 401.91 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.50 694.10 Td (February ) Tj ET Q q 0 0 0 rg BT 453.20 694.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 468.30 694.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 490.90 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.93 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.20 694.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 554.23 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 86.16 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.97 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 163.46 682.10 Td (about ) Tj ET Q q 0 0 0 rg BT 188.51 682.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 219.66 682.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 272.55 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.31 682.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 313.15 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 320.73 682.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 342.44 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 355.27 682.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 400.86 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.14 682.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.51 682.10 Td (or) Tj ET Q q 0 0 0 rg BT 449.66 682.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 498.04 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 515.86 682.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 538.68 682.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.15 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.29 670.10 Td (real ) Tj ET Q q 0 0 0 rg BT 100.09 670.10 Td (estate, ) Tj ET Q q 0 0 0 rg BT 128.17 670.10 Td (airplanes, ) Tj ET Q q 0 0 0 rg BT 169.58 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.84 670.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 247.97 670.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 295.29 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.03 670.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 335.85 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.23 670.10 Td (require ) Tj ET Q q 0 0 0 rg BT 385.36 670.10 Td (or) Tj ET Q q 0 0 0 rg BT 393.51 670.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 441.87 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 459.68 670.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 482.48 670.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.63 670.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 543.08 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.67 670.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 93.05 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.90 658.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 145.84 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.91 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.20 658.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 207.81 658.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 231.43 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.72 658.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 273.12 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.63 658.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.93 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.66 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.95 658.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 386.80 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.31 658.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 451.83 658.10 Td (created ) Tj ET Q q 0 0 0 rg BT 483.77 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.84 658.10 Td (those ) Tj ET Q q 0 0 0 rg BT 521.02 658.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 549.80 658.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 646.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 103.20 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.28 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.46 646.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 158.41 646.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 206.25 646.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 245.20 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.38 646.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 285.88 646.10 Td (users ) Tj ET Q q 0 0 0 rg BT 309.83 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.57 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.95 646.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 405.57 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.75 646.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 464.03 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.65 646.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 515.55 646.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 547.56 646.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 98.39 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.13 634.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.30 634.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 156.93 634.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 187.55 634.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.40 634.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 239.94 634.10 Td (These ) Tj ET Q q 0 0 0 rg BT 267.22 634.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 315.07 634.10 Td (include ) Tj ET Q q 0 0 0 rg BT 347.91 634.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 393.52 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.37 634.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 461.98 634.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 517.59 634.10 Td (concerning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.36 622.10 Td (information ) Tj ET Q q 0 0 0 rg BT 141.95 622.10 Td (about ) Tj ET Q q 0 0 0 rg BT 166.54 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.13 622.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 217.40 622.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 254.75 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.90 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.49 622.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.84 622.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 363.93 622.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 391.30 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.89 622.10 Td (new ) Tj ET Q q 0 0 0 rg BT 424.92 622.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 465.89 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.70 622.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 498.95 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.89 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.70 622.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.26 610.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 99.60 610.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.41 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.33 610.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.03 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.17 610.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 217.53 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.79 610.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 258.26 610.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 281.95 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.76 610.10 Td (more ) Tj ET Q q 0 0 0 rg BT 313.79 610.10 Td (than ) Tj ET Q q 0 0 0 rg BT 332.49 610.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 343.97 610.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 377.40 610.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 421.11 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.37 610.10 Td (current ) Tj ET Q q 0 0 0 rg BT 470.16 610.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 496.28 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 500.26 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.96 610.10 Td (recognition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 107.35 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.33 598.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 173.74 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.61 598.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 221.25 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.23 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.53 598.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 280.29 598.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 309.05 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.03 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.01 598.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 357.53 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.07 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.05 598.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 400.47 598.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.22 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 456.31 598.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 486.73 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.27 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 509.26 598.10 Td (classification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.51 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.12 586.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 98.72 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.23 586.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 149.17 586.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 173.83 586.10 Td (However) Tj ET Q q 0 0 0 rg BT 210.08 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.76 586.10 Td (unlike ) Tj ET Q q 0 0 0 rg BT 241.93 586.10 Td (current ) Tj ET Q q 0 0 0 rg BT 272.42 586.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 299.28 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.46 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.07 586.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 362.45 586.10 Td (only ) Tj ET Q q 0 0 0 rg BT 382.41 586.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 411.24 586.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 437.29 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.25 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.86 586.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.90 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.08 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 586.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 73.00 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.66 574.10 Td (new ) Tj ET Q q 0 0 0 rg BT 106.23 574.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 128.69 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.70 574.10 Td (require ) Tj ET Q q 0 0 0 rg BT 177.46 574.10 Td (both ) Tj ET Q q 0 0 0 rg BT 197.69 574.10 Td (types ) Tj ET Q q 0 0 0 rg BT 221.25 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.03 574.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 258.36 574.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 276.35 574.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.57 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.46 574.10 Td (capital\) ) Tj ET Q q 0 0 0 rg BT 365.89 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.11 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.00 574.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 434.32 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.77 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 574.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 494.42 574.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 519.73 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 537.73 574.10 Td (F) Tj ET Q q 0 0 0 rg BT 542.55 574.10 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 76.26 562.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 122.51 562.10 Td (model ) Tj ET Q q 0 0 0 rg BT 149.89 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.82 562.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.64 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.79 562.10 Td (account ) Tj ET Q q 0 0 0 rg BT 248.27 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.31 562.10 Td (both ) Tj ET Q q 0 0 0 rg BT 282.47 562.10 Td (types ) Tj ET Q q 0 0 0 rg BT 305.96 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.67 562.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 345.25 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 363.18 562.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 392.21 562.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 414.58 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.51 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.33 562.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 487.25 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.29 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.44 562.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 550.10 Td (same ) Tj ET Q q 0 0 0 rg BT 87.57 550.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 119.96 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 130.69 550.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 159.74 550.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 186.02 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.63 550.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 243.56 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.63 550.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.80 550.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 316.87 550.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 342.98 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.71 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.66 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 405.83 550.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.21 550.10 Td (will ) Tj ET Q q 0 0 0 rg BT 446.17 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.01 550.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 500.95 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.01 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.19 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.03 550.10 Td (manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 79.75 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.51 538.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.26 538.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 155.11 538.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.86 538.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 213.51 538.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 239.62 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.10 538.10 Td (except ) Tj ET Q q 0 0 0 rg BT 272.18 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.15 538.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 318.90 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.44 538.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 377.28 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.70 538.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 405.66 538.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 438.75 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.17 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 461.59 538.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 483.55 538.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 504.97 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.61 538.10 Td (all ) Tj ET Q q 0 0 0 rg BT 530.59 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 538.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 78.61 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.69 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.47 526.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 129.03 526.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 165.15 526.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.94 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.61 526.10 Td (ef) Tj ET Q q 0 0 0 rg BT 202.20 526.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 231.64 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.54 526.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 281.64 526.10 Td (year) Tj ET Q q 0 0 0 rg BT 298.64 526.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 318.65 526.10 Td (public ) Tj ET Q q 0 0 0 rg BT 345.88 526.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 390.88 526.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 433.11 526.10 Td (after ) Tj ET Q q 0 0 0 rg BT 453.66 526.10 Td (December ) Tj ET Q q 0 0 0 rg BT 496.98 526.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 511.72 526.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 536.45 526.10 Td (Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 94.18 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 111.15 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.00 514.10 Td (required ) Tj ET Q q 0 0 0 rg BT 156.73 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.92 514.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 189.55 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.18 514.10 Td (new ) Tj ET Q q 0 0 0 rg BT 221.25 514.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 250.99 514.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 286.28 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.36 514.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 322.43 514.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 347.44 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.29 514.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 393.59 514.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.44 514.10 Td (within ) Tj ET Q q 0 0 0 rg BT 451.41 514.10 Td (those ) Tj ET Q q 0 0 0 rg BT 473.93 514.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 497.00 514.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 522.01 514.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (after ) Tj ET Q q 0 0 0 rg BT 70.44 502.10 Td (December ) Tj ET Q q 0 0 0 rg BT 113.65 502.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 128.28 502.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 152.91 502.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 176.69 502.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 213.81 502.10 Td (will ) Tj ET Q q 0 0 0 rg BT 231.49 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.06 502.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 283.50 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.29 502.10 Td (all ) Tj ET Q q 0 0 0 rg BT 309.41 502.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 354.30 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.87 502.10 Td (or) Tj ET Q q 0 0 0 rg BT 379.02 502.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 426.68 502.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 448.81 502.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 484.81 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.27 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.61 502.10 Td (standard. ) Tj ET Q q 0 0 0 rg BT 548.12 502.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 86.49 490.10 Td (year) Tj ET Q q 0 0 0 rg BT 103.49 490.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 123.88 490.10 Td (public ) Tj ET Q q 0 0 0 rg BT 151.50 490.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 199.39 490.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.46 490.10 Td (means ) Tj ET Q q 0 0 0 rg BT 244.63 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 256.69 490.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 294.31 490.10 Td (date ) Tj ET Q q 0 0 0 rg BT 313.59 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.55 490.10 Td (January ) Tj ET Q q 0 0 0 rg BT 358.27 490.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 368.39 490.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 391.02 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.08 490.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 462.34 490.10 Td (application ) Tj ET Q q 0 0 0 rg BT 509.39 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.80 490.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 78.38 478.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 108.41 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.23 478.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 158.49 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.85 478.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.44 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.48 478.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 280.86 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.68 478.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 324.56 478.10 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 359.03 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.19 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.01 478.10 Td (lar) Tj ET Q q 0 0 0 rg BT 398.37 478.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 411.19 478.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 449.57 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.27 478.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 488.53 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.12 478.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 530.27 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.43 478.10 Td (see ) Tj ET Q q 0 0 0 rg BT 557.57 478.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.04 466.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.62 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.22 466.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 170.58 466.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 192.95 466.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 218.10 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.37 466.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 275.91 466.10 Td (See ) Tj ET Q q 0 0 0 rg BT 292.17 466.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 313.44 466.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 320.26 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.75 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.79 466.10 Td (Company) Tj ET Q q 0 0 0 rg BT 389.46 466.10 Td (s ) Tj ET Q q 0 0 0 rg BT 395.17 466.10 Td (current ) Tj ET Q q 0 0 0 rg BT 425.31 466.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 447.12 466.10 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 505.75 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 466.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 454.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.76 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.04 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.76 454.10 Td (process ) Tj ET Q q 0 0 0 rg BT 155.25 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 454.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 210.23 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.95 454.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 254.66 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.15 454.10 Td (this ) Tj ET Q q 0 0 0 rg BT 289.10 454.10 Td (new ) Tj ET Q q 0 0 0 rg BT 308.26 454.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 338.54 454.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 361.04 454.10 Td (will ) Tj ET Q q 0 0 0 rg BT 379.10 454.10 Td (have ) Tj ET Q q 0 0 0 rg BT 400.47 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.97 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 424.92 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.40 454.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 434.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.38 434.10 Td (March ) Tj ET Q q 0 0 0 rg BT 126.54 434.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.59 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.86 434.10 Td (F) Tj ET Q q 0 0 0 rg BT 169.68 434.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 192.18 434.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 219.56 434.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 269.27 434.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 311.76 434.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 343.69 434.10 Td (\("ASU"\) ) Tj ET Q q 0 0 0 rg BT 381.58 434.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 399.35 434.10 Td (2016-08, ) Tj ET Q q 0 0 0 rg BT 438.23 434.10 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 480.35 434.10 Td (from ) Tj ET Q q 0 0 0 rg BT 502.85 434.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 544.23 434.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 95.28 422.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 104.02 422.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.74 422.10 Td (606\): ) Tj ET Q q 0 0 0 rg BT 147.34 422.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 185.95 422.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 213.45 422.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 240.39 422.10 Td (Considerations ) Tj ET Q q 0 0 0 rg BT 302.88 422.10 Td (\(Reporting ) Tj ET Q q 0 0 0 rg BT 348.71 422.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 386.19 422.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 412.03 422.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 440.08 422.10 Td (Net\)". ) Tj ET Q q 0 0 0 rg BT 466.75 422.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.79 422.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 537.84 422.10 Td (relate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 410.10 Td (when ) Tj ET Q q 0 0 0 rg BT 83.54 410.10 Td (another ) Tj ET Q q 0 0 0 rg BT 115.57 410.10 Td (party) Tj ET Q q 0 0 0 rg BT 135.47 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.02 410.10 Td (along ) Tj ET Q q 0 0 0 rg BT 164.29 410.10 Td (with ) Tj ET Q q 0 0 0 rg BT 184.12 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.38 410.10 Td (Company) Tj ET Q q 0 0 0 rg BT 236.62 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 241.17 410.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.89 410.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 286.93 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.76 410.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 337.70 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.19 410.10 Td (good ) Tj ET Q q 0 0 0 rg BT 366.24 410.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.62 410.10 Td (service ) Tj ET Q q 0 0 0 rg BT 406.98 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.81 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.30 410.10 Td (customer) Tj ET Q q 0 0 0 rg BT 459.40 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.80 410.10 Td (T) Tj ET Q q 0 0 0 rg BT 469.21 410.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 488.48 410.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 505.53 410.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 542.56 410.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 91.05 398.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.55 398.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 157.05 398.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 191.97 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.13 398.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 229.63 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 398.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 282.83 398.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 317.76 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.70 398.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 360.40 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.45 398.10 Td (its ) Tj ET Q q 0 0 0 rg BT 383.62 398.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 418.56 398.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.95 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.45 398.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 471.72 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.44 398.10 Td (good ) Tj ET Q q 0 0 0 rg BT 512.16 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.21 398.10 Td (service ) Tj ET Q q 0 0 0 rg BT 554.24 398.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 386.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 103.74 386.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 124.21 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.86 386.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 164.07 386.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.17 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.04 386.10 Td (principal\) ) Tj ET Q q 0 0 0 rg BT 221.34 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.10 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.31 386.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 274.72 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.81 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.46 386.10 Td (good ) Tj ET Q q 0 0 0 rg BT 325.89 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.66 386.10 Td (service ) Tj ET Q q 0 0 0 rg BT 367.40 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.61 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.48 386.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 427.46 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.67 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.32 386.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 491.41 386.10 Td (by ) Tj ET Q q 0 0 0 rg BT 503.84 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.49 386.10 Td (other ) Tj ET Q q 0 0 0 rg BT 541.46 386.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 70.21 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.59 374.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 109.53 374.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.37 374.10 Td (an ) Tj ET Q q 0 0 0 rg BT 129.97 374.10 Td (agent\). ) Tj ET Q q 0 0 0 rg BT 159.47 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.18 374.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 229.89 374.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.26 374.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 280.86 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.80 374.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 326.29 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.68 374.10 Td (operability ) Tj ET Q q 0 0 0 rg BT 386.16 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.77 374.10 Td (understandability ) Tj ET Q q 0 0 0 rg BT 474.36 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.86 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.24 374.10 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.59 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.09 362.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 139.14 362.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 167.19 362.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 191.34 362.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 251.61 362.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.11 362.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 305.48 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.20 362.10 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.10 Td (> ) Tj ET Q q 0 0 0 rg BT 93.59 350.10 Td (An ) Tj ET Q q 0 0 0 rg BT 108.31 350.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 133.58 350.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 179.96 350.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 214.66 350.10 Td (it ) Tj ET Q q 0 0 0 rg BT 222.72 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.89 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.83 350.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 276.87 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.70 350.10 Td (an ) Tj ET Q q 0 0 0 rg BT 299.64 350.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 323.79 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.95 350.10 Td (each ) Tj ET Q q 0 0 0 rg BT 358.77 350.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 397.36 350.10 Td (good ) Tj ET Q q 0 0 0 rg BT 419.86 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.69 350.10 Td (service ) Tj ET Q q 0 0 0 rg BT 461.51 350.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 501.22 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.50 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.44 350.10 Td (customer) Tj ET Q q 0 0 0 rg BT 554.54 350.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.10 Td (> ) Tj ET Q q 0 0 0 rg BT 93.23 338.10 Td (An ) Tj ET Q q 0 0 0 rg BT 107.50 338.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 132.31 338.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 178.23 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.49 338.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 219.52 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.89 338.10 Td (each ) Tj ET Q q 0 0 0 rg BT 250.25 338.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 288.39 338.10 Td (good ) Tj ET Q q 0 0 0 rg BT 310.43 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.81 338.10 Td (service ) Tj ET Q q 0 0 0 rg BT 351.16 338.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 373.48 338.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 407.73 338.10 Td (it ) Tj ET Q q 0 0 0 rg BT 415.33 338.10 Td (is ) Tj ET Q q 0 0 0 rg BT 424.04 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.52 338.10 Td (good, ) Tj ET Q q 0 0 0 rg BT 455.07 338.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 487.92 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.30 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.78 338.10 Td (right ) Tj ET Q q 0 0 0 rg BT 525.71 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.53 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.01 338.10 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 326.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.83 326.10 Td (service\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 314.10 Td (> ) Tj ET Q q 0 0 0 rg BT 93.37 314.10 Td (When ) Tj ET Q q 0 0 0 rg BT 119.10 314.10 Td (another ) Tj ET Q q 0 0 0 rg BT 150.95 314.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 175.58 314.10 Td (is ) Tj ET Q q 0 0 0 rg BT 184.11 314.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 220.97 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.61 314.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 271.35 314.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 297.11 314.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.30 314.10 Td (services ) Tj ET Q q 0 0 0 rg BT 341.36 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.00 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.30 314.10 Td (customer) Tj ET Q q 0 0 0 rg BT 393.56 314.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.92 314.10 Td (an ) Tj ET Q q 0 0 0 rg BT 409.22 314.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 433.85 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.70 314.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.23 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.53 314.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 502.94 314.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 533.68 314.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 99.55 302.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 113.10 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.98 302.10 Td (good ) Tj ET Q q 0 0 0 rg BT 142.43 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.21 302.10 Td (another ) Tj ET Q q 0 0 0 rg BT 185.64 302.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 207.52 302.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.41 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.07 302.10 Td (other ) Tj ET Q q 0 0 0 rg BT 267.06 302.10 Td (party ) Tj ET Q q 0 0 0 rg BT 290.06 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.50 302.10 Td (it ) Tj ET Q q 0 0 0 rg BT 315.50 302.10 Td (then ) Tj ET Q q 0 0 0 rg BT 335.17 302.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 372.04 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.93 302.10 Td (customer; ) Tj ET Q q 0 0 0 rg BT 438.81 302.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 452.91 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.80 302.10 Td (right ) Tj ET Q q 0 0 0 rg BT 481.13 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.36 302.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 302.10 Td (service ) Tj ET Q q 0 0 0 rg BT 529.00 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.44 302.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.47 290.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 141.14 290.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.17 290.10 Td (another ) Tj ET Q q 0 0 0 rg BT 185.19 290.10 Td (party) Tj ET Q q 0 0 0 rg BT 205.09 290.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.62 290.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.09 290.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 259.23 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.47 290.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 298.28 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.52 290.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 340.11 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.91 290.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 374.71 290.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.73 290.10 Td (party ) Tj ET Q q 0 0 0 rg BT 414.31 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.12 290.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 456.70 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.94 290.10 Td (service ) Tj ET Q q 0 0 0 rg BT 501.29 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.10 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.34 290.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 278.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.89 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 278.10 Td (entity) Tj ET Q q 0 0 0 rg BT 137.54 278.10 Td (s ) Tj ET Q q 0 0 0 rg BT 143.32 278.10 Td (behalf; ) Tj ET Q q 0 0 0 rg BT 172.97 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.19 278.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 196.17 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.49 278.10 Td (good ) Tj ET Q q 0 0 0 rg BT 224.38 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.60 278.10 Td (service ) Tj ET Q q 0 0 0 rg BT 264.80 278.10 Td (from ) Tj ET Q q 0 0 0 rg BT 286.12 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.23 278.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.66 278.10 Td (party ) Tj ET Q q 0 0 0 rg BT 345.09 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.97 278.10 Td (it ) Tj ET Q q 0 0 0 rg BT 369.42 278.10 Td (combines ) Tj ET Q q 0 0 0 rg BT 409.63 278.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.29 278.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.73 278.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 477.50 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.72 278.10 Td (services ) Tj ET Q q 0 0 0 rg BT 521.81 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.48 278.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 266.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 139.31 266.10 Td (good ) Tj ET Q q 0 0 0 rg BT 161.81 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.64 266.10 Td (service ) Tj ET Q q 0 0 0 rg BT 203.46 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.73 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.45 266.10 Td (customer) Tj ET Q q 0 0 0 rg BT 264.55 266.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.10 Td (> ) Tj ET Q q 0 0 0 rg BT 94.93 254.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.02 254.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 149.23 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.10 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.86 254.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 219.84 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.16 254.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 274.68 254.10 Td (606-10-55-39 ) Tj ET Q q 0 0 0 rg BT 333.22 254.10 Td (is ) Tj ET Q q 0 0 0 rg BT 343.43 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.76 254.10 Td (support ) Tj ET Q q 0 0 0 rg BT 388.30 254.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.18 254.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 425.39 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.72 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.48 254.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 500.46 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.34 254.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 546.45 254.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 242.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.18 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.59 242.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 189.20 242.10 Td (606-10-55-39A) Tj ET Q q 0 0 0 rg BT 250.86 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.50 242.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 280.23 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.86 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.71 242.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 351.78 242.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.63 242.10 Td (be ) Tj ET Q q 0 0 0 rg BT 381.71 242.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.89 242.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.86 242.10 Td (less ) Tj ET Q q 0 0 0 rg BT 430.49 242.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 464.33 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.74 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.60 242.10 Td (control ) Tj ET Q q 0 0 0 rg BT 517.56 242.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.37 230.10 Td (that ) Tj ET Q q 0 0 0 rg BT 121.30 230.10 Td (one ) Tj ET Q q 0 0 0 rg BT 138.67 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 149.93 230.10 Td (more ) Tj ET Q q 0 0 0 rg BT 173.41 230.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 215.78 230.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.92 230.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.29 230.10 Td (more ) Tj ET Q q 0 0 0 rg BT 271.77 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.04 230.10 Td (less ) Tj ET Q q 0 0 0 rg BT 300.97 230.10 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 346.11 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.82 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.97 230.10 Td (control ) Tj ET Q q 0 0 0 rg BT 403.22 230.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 453.09 230.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 497.68 230.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.61 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.76 230.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 547.57 230.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 218.10 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 194.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.19 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.78 194.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 141.62 194.10 Td (date ) Tj ET Q q 0 0 0 rg BT 160.91 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.99 194.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 218.41 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.38 194.10 Td (these ) Tj ET Q q 0 0 0 rg BT 252.57 194.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 305.75 194.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.06 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.92 194.10 Td (same ) Tj ET Q q 0 0 0 rg BT 353.10 194.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.07 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.93 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 386.52 194.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 416.36 194.10 Td (date ) Tj ET Q q 0 0 0 rg BT 435.66 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.74 194.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 493.15 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.54 194.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 526.18 194.10 Td (2014-09, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.75 182.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.95 182.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 151.04 182.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.59 182.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 217.13 182.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 225.87 182.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 245.85 182.10 Td (606\). ) Tj ET Q q 0 0 0 rg BT 269.45 182.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 297.77 182.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 329.42 182.10 Td (should ) Tj ET Q q 0 0 0 rg BT 358.85 182.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 383.83 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.82 182.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 452.12 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.06 182.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 484.83 182.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 520.92 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.35 182.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.94 170.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 122.65 170.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 165.93 170.10 Td (after ) Tj ET Q q 0 0 0 rg BT 187.53 170.10 Td (December ) Tj ET Q q 0 0 0 rg BT 231.89 170.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 247.67 170.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 273.45 170.10 Td (including ) Tj ET Q q 0 0 0 rg BT 314.50 170.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 346.67 170.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.60 170.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 419.32 170.10 Td (therein ) Tj ET Q q 0 0 0 rg BT 450.36 170.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 471.69 170.10 Td (January ) Tj ET Q q 0 0 0 rg BT 506.07 170.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 516.85 170.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 542.63 170.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 170.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 85.71 158.10 Td (year ) Tj ET Q q 0 0 0 rg BT 104.77 158.10 Td (entity\). ) Tj ET Q q 0 0 0 rg BT 135.09 158.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.49 158.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.23 158.10 Td (will ) Tj ET Q q 0 0 0 rg BT 210.64 158.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 234.71 158.10 Td (this ) Tj ET Q q 0 0 0 rg BT 251.01 158.10 Td (new ) Tj ET Q q 0 0 0 rg BT 269.52 158.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 307.46 158.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 353.19 158.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 391.13 158.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.20 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.05 158.10 Td (time ) Tj ET Q q 0 0 0 rg BT 436.67 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.97 158.10 Td (does ) Tj ET Q q 0 0 0 rg BT 473.15 158.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.78 158.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 515.72 158.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.02 158.10 Td (adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 146.10 Td (have ) Tj ET Q q 0 0 0 rg BT 81.66 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.59 146.10 Td (material ) Tj ET Q q 0 0 0 rg BT 123.85 146.10 Td (ef) Tj ET Q q 0 0 0 rg BT 131.44 146.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.93 146.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.43 146.10 Td (its ) Tj ET Q q 0 0 0 rg BT 173.37 146.10 Td (result ) Tj ET Q q 0 0 0 rg BT 198.09 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.92 146.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 253.08 146.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.91 146.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.39 146.10 Td (position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 112.10 Td (In ) Tj ET Q q 0 0 0 rg BT 111.13 112.10 Td (November ) Tj ET Q q 0 0 0 rg BT 156.64 112.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 182.45 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.97 112.10 Td (F) Tj ET Q q 0 0 0 rg BT 202.79 112.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 225.54 112.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 253.12 112.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 303.08 112.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 345.82 112.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 378.00 112.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 396.02 112.10 Td (2015-17,Balance ) Tj ET Q q 0 0 0 rg BT 469.86 112.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 495.38 112.10 Td (Classification ) Tj ET Q q 0 0 0 rg BT 553.67 112.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.75 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.17 100.10 Td (axes,or ) Tj ET Q q 0 0 0 rg BT 127.97 100.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 151.46 100.10 Td (2015-17. ) Tj ET Q q 0 0 0 rg BT 190.52 100.10 Td (This ) Tj ET Q q 0 0 0 rg BT 211.77 100.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 261.90 100.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 297.59 100.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.06 100.10 Td (all ) Tj ET Q q 0 0 0 rg BT 329.54 100.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 366.32 100.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 382.02 100.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.83 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.74 100.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 469.94 100.10 Td (along ) Tj ET Q q 0 0 0 rg BT 495.64 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.89 100.10 Td (any ) Tj ET Q q 0 0 0 rg BT 534.81 100.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.65 88.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 135.12 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 147.00 88.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 187.20 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.97 88.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 243.73 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.16 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.82 88.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 303.79 88.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 329.28 88.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 351.72 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.93 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.59 88.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 412.91 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.14 88.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 445.58 88.10 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 483.85 88.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 519.59 88.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 542.58 88.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.47 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.40 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.99 76.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 147.46 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 157.94 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.54 76.10 Td (net ) Tj ET Q q 0 0 0 rg BT 178.91 76.10 Td (current ) Tj ET Q q 0 0 0 rg BT 209.38 76.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 230.97 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.45 76.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 274.71 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.30 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.90 76.10 Td (net ) Tj ET Q 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(current ) Tj ET Q q 0 0 0 rg BT 331.71 52.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 367.30 52.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.81 52.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.42 52.10 Td (of$2.1) Tj ET Q q 0 0 0 rg BT 435.38 52.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 442.67 52.10 Td (millionwas ) Tj ET Q q 0 0 0 rg BT 491.90 52.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 539.72 52.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 52.10 Td (the ) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.72 742.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 137.43 742.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 161.16 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.78 742.10 Td (netted ) Tj ET Q q 0 0 0 rg BT 206.39 742.10 Td (against ) Tj ET Q q 0 0 0 rg BT 237.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.30 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 268.69 742.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 311.31 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 347.79 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 363.19 742.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 405.86 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.58 742.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 462.76 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.57 742.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 496.75 742.10 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 533.26 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 549.22 742.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 93.04 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 122.75 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.58 730.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.62 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.10 730.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 266.33 730.10 Td (results ) Tj ET Q q 0 0 0 rg BT 294.94 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.77 730.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.92 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.75 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.02 730.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 708.10 Td (In ) Tj ET Q q 0 0 0 rg BT 98.23 708.10 Td (September ) Tj ET Q q 0 0 0 rg BT 144.89 708.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 168.78 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.90 708.10 Td (F) Tj ET Q q 0 0 0 rg BT 189.72 708.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 213.07 708.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 241.10 708.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 291.65 708.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 334.99 708.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 367.76 708.10 Td (2015-16, ) Tj ET Q q 0 0 0 rg BT 407.49 708.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 451.03 708.10 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 511.04 708.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 519.78 708.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 540.89 708.10 Td (805\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 99.92 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.81 696.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 162.60 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.40 696.10 Td (Measurement-Period ) Tj ET Q q 0 0 0 rg BT 261.93 696.10 Td (Adjustments". ) Tj ET Q q 0 0 0 rg BT 321.20 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.19 696.10 Td (This ) Tj ET Q q 0 0 0 rg BT 342.63 696.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 364.78 696.10 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 406.36 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.71 696.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 466.72 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.52 696.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 530.44 696.10 Td (made ) Tj ET Q q 0 0 0 rg BT 554.23 696.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 97.27 684.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 133.44 684.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 179.57 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.63 684.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.35 684.10 Td (business ) Tj ET Q q 0 0 0 rg BT 232.51 684.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 287.28 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.77 684.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 354.59 684.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 394.08 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.57 684.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 459.16 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.21 684.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 530.91 684.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.21 672.10 Td (those ) Tj ET Q q 0 0 0 rg BT 87.88 672.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 140.70 672.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 161.04 672.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 187.90 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.45 672.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 229.10 672.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 263.86 672.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.41 672.10 Td (during ) Tj ET Q q 0 0 0 rg BT 310.07 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.84 672.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 380.70 672.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 411.30 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.07 672.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 461.38 672.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 523.35 672.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 549.79 672.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 96.40 660.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 131.70 660.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 176.97 660.10 Td (at ) Tj ET Q q 0 0 0 rg BT 185.59 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.22 660.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 244.51 660.10 Td (date ) Tj ET Q q 0 0 0 rg BT 262.57 660.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.75 660.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.60 660.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 346.22 660.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 391.51 660.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.69 660.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 440.05 660.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 465.90 660.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 515.08 660.10 Td (are ) Tj ET Q q 0 0 0 rg BT 528.70 660.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.82 648.10 Td (new ) Tj ET Q q 0 0 0 rg BT 92.65 648.10 Td (information ) Tj ET Q q 0 0 0 rg BT 142.02 648.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.85 648.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 187.45 648.10 Td (about ) Tj ET Q q 0 0 0 rg BT 211.83 648.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 232.87 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.47 648.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 308.28 648.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.43 648.10 Td (existed ) Tj ET Q q 0 0 0 rg BT 355.92 648.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.42 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.91 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.29 648.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 437.33 648.10 Td (date ) Tj ET Q q 0 0 0 rg BT 456.15 648.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 475.81 648.10 Td (if ) Tj ET Q q 0 0 0 rg BT 484.08 648.10 Td (known, ) Tj ET Q q 0 0 0 rg BT 515.97 648.10 Td (would ) Tj ET Q q 0 0 0 rg BT 543.13 648.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 636.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 85.10 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.42 636.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 156.82 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.24 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.55 636.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 220.53 636.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 254.73 636.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 301.69 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.11 636.10 Td (would ) Tj ET Q q 0 0 0 rg BT 341.21 636.10 Td (have ) Tj ET Q q 0 0 0 rg BT 363.18 636.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 397.92 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.80 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.11 636.10 Td 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612.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 103.58 600.10 Td (require ) Tj ET Q q 0 0 0 rg BT 134.92 600.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.95 600.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.43 600.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 201.21 600.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 243.11 600.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 293.92 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.73 600.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 352.76 600.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 389.68 600.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.71 600.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.95 600.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 464.30 600.10 Td (during ) Tj ET Q q 0 0 0 rg BT 493.44 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.69 600.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.78 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.78 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.23 588.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 141.11 588.10 Td (period ) Tj ET Q q 0 0 0 rg BT 168.89 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.90 588.10 Td (which ) Tj ET Q q 0 0 0 rg BT 205.56 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.01 588.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 266.12 588.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 302.24 588.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.67 588.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 366.22 588.10 Td (The ) Tj ET Q q 0 0 0 rg BT 384.00 588.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 436.77 588.10 Td (require ) Tj ET Q q 0 0 0 rg BT 467.31 588.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.54 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.98 588.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 533.96 588.10 Td (record, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.02 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 576.10 Td (same ) Tj ET Q q 0 0 0 rg BT 97.27 576.10 Td (period) Tj ET Q q 0 0 0 rg BT 125.59 576.10 Td (s ) Tj ET Q q 0 0 0 rg BT 131.72 576.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.95 576.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 215.90 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.36 576.10 Td (ef) Tj ET Q q 0 0 0 rg BT 237.94 576.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.17 576.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.41 576.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 303.53 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.10 576.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 348.55 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.57 576.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 412.73 576.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 468.01 576.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.58 576.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.37 576.10 Td (income ) Tj ET Q q 0 0 0 rg BT 533.04 576.10 Td (ef) Tj ET Q q 0 0 0 rg BT 540.63 576.10 Td (fects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 564.10 Td (any) Tj ET Q q 0 0 0 rg BT 72.40 564.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.40 564.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.23 564.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.18 564.10 Td (result ) Tj ET Q q 0 0 0 rg BT 119.90 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.73 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.45 564.10 Td (change ) Tj ET Q q 0 0 0 rg BT 176.26 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.55 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.26 564.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 248.76 564.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 287.65 564.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 330.68 564.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.51 564.10 Td (if ) Tj ET Q q 0 0 0 rg BT 350.12 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.84 564.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 411.22 564.10 Td (had ) Tj ET Q q 0 0 0 rg BT 428.16 564.10 Td (been ) Tj ET Q q 0 0 0 rg BT 449.54 564.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 493.69 564.10 Td (at ) Tj ET Q q 0 0 0 rg BT 503.41 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 564.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 70.81 552.10 Td (The ) Tj ET Q q 0 0 0 rg BT 88.14 552.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 140.47 552.10 Td (require ) Tj ET Q q 0 0 0 rg BT 170.57 552.10 Td (an ) Tj ET Q q 0 0 0 rg BT 181.79 552.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 206.35 552.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.91 552.10 Td (present ) Tj ET Q q 0 0 0 rg BT 246.58 552.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 288.89 552.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.68 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.68 552.10 Td (face ) Tj ET Q q 0 0 0 rg BT 333.11 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.22 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.22 552.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.44 552.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 428.55 552.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.66 552.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 472.66 552.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.23 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 552.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 519.12 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 552.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.10 540.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 107.37 540.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 144.62 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.67 540.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 214.14 540.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 250.29 540.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.57 540.10 Td (line ) Tj ET Q q 0 0 0 rg BT 279.84 540.10 Td (item ) Tj ET Q q 0 0 0 rg BT 299.89 540.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.16 540.10 Td (would ) Tj ET Q q 0 0 0 rg BT 344.43 540.10 Td (have ) Tj ET Q q 0 0 0 rg BT 365.59 540.10 Td (been ) Tj ET Q q 0 0 0 rg BT 386.74 540.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 423.99 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.04 540.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 470.76 540.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 509.69 540.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 541.40 540.10 Td (if ) Tj ET Q q 0 0 0 rg BT 549.79 540.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 96.34 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.58 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.25 528.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 168.71 528.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 205.05 528.10 Td (had ) Tj ET Q q 0 0 0 rg BT 221.95 528.10 Td (been ) Tj ET Q q 0 0 0 rg BT 243.28 528.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 289.60 528.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.39 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.18 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.86 528.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 372.20 528.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 393.63 528.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.64 528.10 Td (only ) Tj ET Q q 0 0 0 rg BT 431.88 528.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 478.77 528.10 Td (required ) Tj ET Q q 0 0 0 rg BT 514.55 528.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.22 528.10 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (should ) Tj ET Q q 0 0 0 rg BT 79.17 516.10 Td (be ) Tj ET Q q 0 0 0 rg BT 91.11 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.83 516.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 133.31 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.14 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.08 516.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 189.68 516.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.84 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.55 516.10 Td (change ) Tj ET Q q 0 0 0 rg BT 249.37 516.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.65 516.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 306.02 516.10 Td (principle. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 494.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.52 494.10 Td (November ) Tj ET Q q 0 0 0 rg BT 142.91 494.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 166.10 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.51 494.10 Td (F) Tj ET Q q 0 0 0 rg BT 186.33 494.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 208.97 494.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.45 494.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 286.30 494.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 328.92 494.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 360.99 494.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 378.90 494.10 Td (2014-17 ) Tj ET Q q 0 0 0 rg BT 415.42 494.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 458.25 494.10 Td (Combinations: ) Tj ET Q q 0 0 0 rg BT 520.33 494.10 Td (Pushdown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.29 482.10 Td (- ) Tj ET Q q 0 0 0 rg BT 103.26 482.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.34 482.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 151.53 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.50 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.36 482.10 Td (Emer) Tj ET Q q 0 0 0 rg BT 196.83 482.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 216.25 482.10 Td (Issues ) Tj ET Q q 0 0 0 rg BT 242.22 482.10 Td (T) Tj ET Q q 0 0 0 rg BT 247.63 482.10 Td (ask ) Tj ET Q q 0 0 0 rg BT 262.60 482.10 Td (Force". ) Tj ET Q q 0 0 0 rg BT 293.59 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.11 482.10 Td (This ) Tj ET Q q 0 0 0 rg BT 314.53 482.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 360.04 482.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 395.55 482.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 425.52 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.94 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.79 482.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 483.19 482.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.81 482.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.61 470.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 109.46 470.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 134.65 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.51 470.10 Td (its ) Tj ET Q q 0 0 0 rg BT 163.38 470.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 213.02 470.10 Td (that ) Tj ET Q q 0 0 0 rg BT 230.44 470.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.07 470.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.93 470.10 Td (business ) Tj ET Q q 0 0 0 rg BT 288.24 470.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 310.66 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.30 470.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 371.58 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.33 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.19 470.10 Td (event ) Tj ET Q q 0 0 0 rg BT 418.27 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.47 470.10 Td (which ) Tj ET Q q 0 0 0 rg BT 455.33 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 467.19 470.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 502.36 470.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 533.67 470.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.28 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.45 458.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 113.82 458.10 Td (entity) Tj ET Q q 0 0 0 rg BT 135.95 458.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.18 458.10 Td (The ) Tj ET Q q 0 0 0 rg BT 159.68 458.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 213.17 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.90 458.10 Td (this ) Tj ET Q q 0 0 0 rg BT 241.30 458.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 288.13 458.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 328.84 458.10 Td (update ) Tj ET Q q 0 0 0 rg BT 358.45 458.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 391.95 458.10 Td (an ) Tj ET Q q 0 0 0 rg BT 404.34 458.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 441.71 458.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 467.44 458.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.16 458.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.55 458.10 Td (option ) Tj ET Q q 0 0 0 rg BT 529.06 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.79 458.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 93.45 446.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 139.66 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.77 446.10 Td (its ) Tj ET Q q 0 0 0 rg BT 161.56 446.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 196.65 446.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.96 446.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.51 446.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 300.85 446.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 347.04 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.71 446.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.48 446.10 Td (event ) Tj ET Q q 0 0 0 rg BT 393.47 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.59 446.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.36 446.10 Td (an ) Tj ET Q q 0 0 0 rg BT 442.14 446.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 477.23 446.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 508.45 446.10 Td (control ) Tj ET Q q 0 0 0 rg BT 539.11 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 446.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.26 434.10 Td (entity) Tj ET Q q 0 0 0 rg BT 108.39 434.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.32 434.10 Td (An ) Tj ET Q q 0 0 0 rg BT 126.39 434.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 162.65 434.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 187.26 434.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.32 434.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 227.04 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.09 434.10 Td (option ) Tj ET Q q 0 0 0 rg BT 268.49 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.11 434.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 302.17 434.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 345.12 434.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 390.83 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.45 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.51 434.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 453.01 434.10 Td (period ) Tj ET Q q 0 0 0 rg BT 480.39 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.01 434.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.29 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.35 434.10 Td (change-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (in-control ) Tj ET Q q 0 0 0 rg BT 91.93 422.10 Td (event ) Tj ET Q q 0 0 0 rg BT 116.08 422.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 146.63 422.10 Td (An ) Tj ET Q q 0 0 0 rg BT 161.34 422.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.26 422.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 223.53 422.10 Td (should ) Tj ET Q q 0 0 0 rg BT 252.70 422.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 295.18 422.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 329.88 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 422.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 361.53 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.80 422.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 396.51 422.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 440.12 422.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 486.49 422.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.65 422.10 Td (each ) Tj ET Q q 0 0 0 rg BT 521.46 422.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 123.58 410.10 Td (event ) Tj ET Q q 0 0 0 rg BT 147.74 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.02 410.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.96 410.10 Td (an ) Tj ET Q q 0 0 0 rg BT 196.90 410.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 232.15 410.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 263.54 410.10 Td (control ) Tj ET Q q 0 0 0 rg BT 294.37 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.20 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.92 410.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 356.84 410.10 Td (entity) Tj ET Q q 0 0 0 rg BT 378.97 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.97 410.10 Td (If ) Tj ET Q q 0 0 0 rg BT 393.13 410.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 436.74 410.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 483.12 410.10 Td (is ) Tj ET Q q 0 0 0 rg BT 492.29 410.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.57 410.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 539.50 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 410.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.15 398.10 Td (period ) Tj ET Q q 0 0 0 rg BT 117.20 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.47 398.10 Td (which ) Tj ET Q q 0 0 0 rg BT 154.41 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.12 398.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 242.69 398.10 Td (event ) Tj ET Q q 0 0 0 rg BT 266.85 398.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 297.94 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 309.88 398.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 346.80 398.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 372.07 398.10 Td (will ) Tj ET Q q 0 0 0 rg BT 390.12 398.10 Td (have ) Tj ET Q q 0 0 0 rg BT 411.49 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.21 398.10 Td (option ) Tj ET Q q 0 0 0 rg BT 454.26 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.54 398.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 485.90 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.18 398.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 520.89 398.10 Td (pushdown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 97.00 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.90 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.46 386.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 163.03 386.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 202.81 386.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.48 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.38 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.72 386.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 295.27 386.10 Td (entity) Tj ET Q q 0 0 0 rg BT 320.83 386.10 Td (s ) Tj ET Q q 0 0 0 rg BT 327.84 386.10 Td (most ) Tj ET Q q 0 0 0 rg BT 350.42 386.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 377.96 386.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 452.17 386.10 Td (event. ) Tj ET Q q 0 0 0 rg BT 478.76 386.10 Td (An ) Tj ET Q q 0 0 0 rg BT 494.11 386.10 Td (election ) Tj ET Q q 0 0 0 rg BT 528.88 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.78 386.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 94.15 374.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.06 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.87 374.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.35 374.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 199.04 374.10 Td (period ) Tj ET Q q 0 0 0 rg BT 227.62 374.10 Td (after ) Tj ET Q q 0 0 0 rg BT 248.97 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.23 374.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 303.92 374.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.50 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.31 374.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.79 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 374.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 460.16 374.10 Td (event ) Tj ET Q q 0 0 0 rg BT 484.85 374.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 522.86 374.10 Td (should ) Tj ET Q q 0 0 0 rg BT 552.57 374.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 96.47 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.07 362.10 Td (change ) Tj ET Q q 0 0 0 rg BT 135.54 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.47 362.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 193.50 362.10 Td (principle. ) Tj ET Q q 0 0 0 rg BT 234.70 362.10 Td (If ) Tj ET Q q 0 0 0 rg BT 244.51 362.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 288.78 362.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 335.81 362.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.63 362.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 378.22 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.16 362.10 Td (an ) Tj ET Q q 0 0 0 rg BT 401.75 362.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 445.46 362.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 519.69 362.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 547.01 362.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (election ) Tj ET Q q 0 0 0 rg BT 84.30 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.62 350.10 Td (irrevocable. ) Tj ET Q q 0 0 0 rg BT 143.75 350.10 Td (If ) Tj ET Q q 0 0 0 rg BT 153.06 350.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.15 350.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 202.22 350.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 227.65 350.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 253.06 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.93 350.10 Td (option ) Tj ET Q q 0 0 0 rg BT 296.14 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.57 350.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 331.44 350.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 375.20 350.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 421.72 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.15 350.10 Td (its ) Tj ET Q q 0 0 0 rg BT 444.25 350.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 479.66 350.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 350.10 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.43 338.10 Td (should ) Tj ET Q q 0 0 0 rg BT 87.97 338.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 123.06 338.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.15 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.80 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.89 338.10 Td (current ) Tj ET Q q 0 0 0 rg BT 230.07 338.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 269.60 338.10 Td (period ) Tj ET Q q 0 0 0 rg BT 298.02 338.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.89 338.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 348.75 338.10 Td (users ) Tj ET Q q 0 0 0 rg BT 372.17 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.37 338.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 421.23 338.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 466.31 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.96 338.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 513.15 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.23 338.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.82 338.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 553.68 338.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 94.50 326.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 144.01 326.10 Td (The ) Tj ET Q q 0 0 0 rg BT 162.94 326.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 216.87 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.03 326.10 Td (this ) Tj ET Q q 0 0 0 rg BT 245.87 326.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 293.13 326.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 334.28 326.10 Td (update ) Tj ET Q q 0 0 0 rg BT 364.32 326.10 Td (were ) Tj ET Q q 0 0 0 rg BT 387.13 326.10 Td (ef) Tj ET Q q 0 0 0 rg BT 394.72 326.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 425.31 326.10 Td (on ) Tj ET Q q 0 0 0 rg BT 438.69 326.10 Td (November ) Tj ET Q q 0 0 0 rg BT 484.29 326.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 500.17 326.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 525.31 326.10 Td (After ) Tj ET Q q 0 0 0 rg BT 549.79 326.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 314.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.64 314.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 107.64 314.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.93 314.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 155.20 314.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 179.82 314.10 Td (can ) Tj ET Q q 0 0 0 rg BT 195.54 314.10 Td (make ) Tj ET Q q 0 0 0 rg BT 219.04 314.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.33 314.10 Td (election ) Tj ET Q q 0 0 0 rg BT 263.83 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.45 314.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 297.52 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 314.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 349.52 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.15 314.10 Td (future ) Tj ET Q q 0 0 0 rg BT 384.87 314.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 457.80 314.10 Td (events ) Tj ET Q q 0 0 0 rg BT 485.19 314.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.37 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.99 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 516.29 314.10 Td (most ) Tj ET Q q 0 0 0 rg BT 537.58 314.10 Td (recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 123.81 302.10 Td (event. ) Tj ET Q q 0 0 0 rg BT 150.50 302.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.78 302.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.40 302.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 242.56 302.10 Td (this ) Tj ET Q q 0 0 0 rg BT 259.74 302.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 306.35 302.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 346.85 302.10 Td (update ) Tj ET Q q 0 0 0 rg BT 376.24 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.75 302.10 Td (any ) Tj ET Q q 0 0 0 rg BT 403.92 302.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 447.18 302.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 474.91 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.97 302.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.69 302.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.87 290.10 Td (its ) Tj ET Q q 0 0 0 rg BT 77.52 290.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 115.16 290.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 168.08 290.10 Td (but ) Tj ET Q q 0 0 0 rg BT 184.07 290.10 Td (its ) Tj ET Q q 0 0 0 rg BT 196.72 290.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 234.93 290.10 Td (did ) Tj ET Q q 0 0 0 rg BT 250.91 290.10 Td (not ) Tj ET Q q 0 0 0 rg BT 266.90 290.10 Td (have ) Tj ET Q q 0 0 0 rg BT 288.98 290.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.63 290.10 Td (material ) Tj ET Q q 0 0 0 rg BT 332.60 290.10 Td (ef) Tj ET Q q 0 0 0 rg BT 340.19 290.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 358.38 290.10 Td (on ) Tj ET Q q 0 0 0 rg BT 371.59 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.01 290.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 434.80 290.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 488.55 290.10 Td (income ) Tj ET Q q 0 0 0 rg BT 521.19 290.10 Td (statement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.03 278.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 108.58 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.41 278.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 160.23 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.06 278.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.33 278.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 256.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.91 256.10 Td (May ) Tj ET Q q 0 0 0 rg BT 119.82 256.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 143.40 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.19 256.10 Td (F) Tj ET Q q 0 0 0 rg BT 164.01 256.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 187.04 256.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 214.83 256.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 265.07 256.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 308.09 256.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 340.54 256.10 Td (\("ASU"\) ) Tj ET Q q 0 0 0 rg BT 378.95 256.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 397.25 256.10 Td (2014-09, ) Tj ET Q q 0 0 0 rg BT 436.66 256.10 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 479.31 256.10 Td (from ) Tj ET Q q 0 0 0 rg BT 502.32 256.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 544.23 256.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Customers". ) Tj ET Q q 0 0 0 rg BT 101.35 244.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 123.92 244.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 159.81 244.10 Td (af) Tj ET Q q 0 0 0 rg BT 167.40 244.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 188.83 244.10 Td (any ) Tj ET Q q 0 0 0 rg BT 205.83 244.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 231.17 244.10 Td (using ) Tj ET Q q 0 0 0 rg BT 255.40 244.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 275.74 244.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 302.60 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.16 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.71 244.10 Td (either ) Tj ET Q q 0 0 0 rg BT 348.03 244.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 374.47 244.10 Td (into ) Tj ET Q q 0 0 0 rg BT 392.59 244.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 431.24 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.58 244.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 494.69 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.03 244.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 538.12 244.10 Td (goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.55 232.10 Td (services ) Tj ET Q q 0 0 0 rg BT 96.98 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.53 232.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 135.63 232.10 Td (into ) Tj ET Q q 0 0 0 rg BT 154.40 232.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 193.72 232.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.60 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.03 232.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 257.79 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.34 232.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 325.87 232.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 352.42 232.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 380.64 232.10 Td (those ) Tj ET Q q 0 0 0 rg BT 404.97 232.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.28 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.71 232.10 Td (within ) Tj ET Q q 0 0 0 rg BT 488.49 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.93 232.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 529.91 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 232.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.62 220.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 113.74 220.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 154.90 220.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 193.84 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.02 220.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 227.86 220.10 Td (contracts\). ) Tj ET Q q 0 0 0 rg BT 272.42 220.10 Td (This ) Tj ET Q q 0 0 0 rg BT 292.42 220.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 315.28 220.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.68 220.10 Td (supersede ) Tj ET Q q 0 0 0 rg BT 375.96 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.03 220.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 425.52 220.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 473.91 220.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 528.96 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.38 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 544.79 220.10 Td (opic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (605, ) Tj ET Q q 0 0 0 rg BT 68.78 208.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 105.05 208.10 Td (Recognition, ) Tj ET Q q 0 0 0 rg BT 157.72 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.44 208.10 Td (most ) Tj ET Q q 0 0 0 rg BT 194.17 208.10 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 262.66 208.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 302.45 208.10 Td (This ) Tj ET Q q 0 0 0 rg BT 321.23 208.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 342.51 208.10 Td (also ) Tj ET Q q 0 0 0 rg BT 359.91 208.10 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 404.51 208.10 Td (some ) Tj ET Q q 0 0 0 rg BT 426.90 208.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 444.30 208.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 481.67 208.10 Td (included ) Tj ET Q q 0 0 0 rg BT 517.39 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.46 208.10 Td (Subtopic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (605-35, ) Tj ET Q q 0 0 0 rg BT 83.04 196.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 120.24 196.10 Td (RecognitionConstruction-T) Tj ET Q q 0 0 0 rg BT 239.53 196.10 Td (ype ) Tj ET Q q 0 0 0 rg BT 256.18 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.84 196.10 Td (Production-T) Tj ET Q q 0 0 0 rg BT 325.46 196.10 Td (ype ) Tj ET Q q 0 0 0 rg BT 342.12 196.10 Td (Contracts. ) Tj ET Q q 0 0 0 rg BT 385.16 196.10 Td (In ) Tj ET Q q 0 0 0 rg BT 395.70 196.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 433.19 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.62 196.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 481.50 196.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 535.92 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 196.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.26 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.46 184.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 136.39 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.43 184.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.71 184.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.42 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.35 184.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 226.61 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.65 184.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 293.68 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.72 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.43 184.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.35 184.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.85 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.34 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.49 184.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 420.41 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.90 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.06 184.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 487.43 184.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 510.41 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.46 184.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.86 172.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 88.28 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.14 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.55 172.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 122.42 172.10 Td (360, ) Tj ET Q q 0 0 0 rg BT 141.56 172.10 Td (Property) Tj ET Q q 0 0 0 rg BT 175.35 172.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.50 172.10 Td (Plant, ) Tj ET Q q 0 0 0 rg BT 204.20 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.29 172.10 Td (Equipment, ) Tj ET Q q 0 0 0 rg BT 268.32 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.41 172.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 326.05 172.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.02 172.10 Td (within ) Tj ET Q q 0 0 0 rg BT 378.23 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.09 172.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 416.51 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.37 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.78 172.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 450.64 172.10 Td (350, ) Tj ET Q q 0 0 0 rg BT 469.79 172.10 Td (IntangiblesGoodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 160.10 Td (Other\) ) Tj ET Q q 0 0 0 rg BT 94.85 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.22 160.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 147.47 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.41 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.00 160.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 211.16 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.09 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.47 160.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 283.72 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.88 160.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 343.58 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.18 160.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 415.64 160.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 458.91 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.28 160.10 Td (constraint ) Tj ET Q q 0 0 0 rg BT 514.87 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 527.03 160.10 Td (revenue\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.84 148.10 Td (this ) Tj ET Q q 0 0 0 rg BT 75.90 148.10 Td (ASU. ) Tj ET Q q 0 0 0 rg BT 100.47 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.38 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.00 148.10 Td (core ) Tj ET Q q 0 0 0 rg BT 139.27 148.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 176.87 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.27 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.55 148.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 239.71 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.44 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.50 148.10 Td (an ) Tj ET Q q 0 0 0 rg BT 277.00 148.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 301.84 148.10 Td (should ) Tj ET Q q 0 0 0 rg BT 330.58 148.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 371.50 148.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 405.21 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.06 148.10 Td (depict ) Tj ET Q q 0 0 0 rg BT 441.55 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.83 148.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 488.44 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.83 148.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 538.11 148.10 Td (goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.37 136.10 Td (services ) Tj ET Q q 0 0 0 rg BT 96.62 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.43 136.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 151.02 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.84 136.10 Td (an ) Tj ET Q q 0 0 0 rg BT 174.32 136.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.35 136.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.39 136.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 257.85 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.11 136.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 330.02 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.83 136.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.31 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.57 136.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 409.38 136.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 442.41 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.23 136.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.70 136.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 498.73 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.55 136.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 550.34 136.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.61 124.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 100.00 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.83 124.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 147.86 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.27 124.10 Td (o ) Tj ET Q q 0 0 0 rg BT 160.77 124.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 193.80 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 211.29 124.10 Td (core ) Tj ET Q q 0 0 0 rg BT 231.00 124.10 Td (principle, ) Tj ET Q q 0 0 0 rg BT 271.54 124.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.48 124.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 308.75 124.10 Td (should ) Tj ET Q q 0 0 0 rg BT 337.92 124.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 362.64 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.36 124.10 Td (following ) Tj ET Q q 0 0 0 rg BT 418.75 124.10 Td (steps:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 100.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 100.10 Td (1: ) Tj ET Q q 0 0 0 rg BT 148.06 100.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 182.21 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 100.10 Td (contract\(s\) ) Tj ET Q q 0 0 0 rg BT 242.18 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 262.46 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.40 100.10 Td (customer) Tj ET Q q 0 0 0 rg BT 305.50 100.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 88.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 88.10 Td (2: ) Tj ET Q q 0 0 0 rg BT 148.06 88.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 182.21 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 88.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 249.95 88.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 296.89 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.17 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.89 88.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 76.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 76.10 Td (3: ) Tj ET Q q 0 0 0 rg BT 148.06 76.10 Td (Determine ) Tj ET Q q 0 0 0 rg BT 192.76 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.48 76.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 253.85 76.10 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 64.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 64.10 Td (4: ) Tj ET Q q 0 0 0 rg BT 147.50 64.10 Td (Allocate ) Tj ET Q q 0 0 0 rg BT 183.88 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.59 64.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 244.97 64.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.45 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.73 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.45 64.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 345.47 64.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 392.41 64.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.69 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.41 64.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 52.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 52.10 Td (5: ) Tj ET Q q 0 0 0 rg BT 148.06 52.10 Td (Recognize ) Tj ET Q q 0 0 0 rg BT 192.76 52.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 226.90 52.10 Td (when ) Tj ET Q q 0 0 0 rg BT 251.06 52.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 265.22 52.10 Td (as\) ) Tj ET Q q 0 0 0 rg BT 279.38 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.10 52.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 319.38 52.10 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 354.09 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.03 52.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.05 52.10 Td (obligation.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.13 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.80 730.10 Td (public ) Tj ET Q q 0 0 0 rg BT 136.03 730.10 Td (entity) Tj ET Q q 0 0 0 rg BT 158.16 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.89 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.35 730.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 230.13 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.14 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 256.33 730.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 278.57 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.02 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 300.60 730.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 330.04 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 343.94 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 372.83 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 411.72 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 443.40 730.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 485.63 730.10 Td (after ) Tj ET Q q 0 0 0 rg BT 506.18 730.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.50 730.10 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 718.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 93.34 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 133.96 718.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 165.69 718.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 197.97 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 226.37 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.21 718.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 283.70 718.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 314.59 718.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 339.09 718.10 Td (application ) Tj ET Q q 0 0 0 rg BT 386.36 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.88 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 411.50 718.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 454.53 718.10 Td (An ) Tj ET Q q 0 0 0 rg BT 469.60 718.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 495.22 718.10 Td (should ) Tj ET Q q 0 0 0 rg BT 524.73 718.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 121.04 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.32 706.10 Td (this ) Tj ET Q q 0 0 0 rg BT 147.72 706.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 170.22 706.10 Td (using ) Tj ET Q q 0 0 0 rg BT 194.39 706.10 Td (one ) Tj ET Q q 0 0 0 rg BT 211.33 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.88 706.10 Td (following ) Tj ET Q q 0 0 0 rg BT 278.26 706.10 Td (two ) Tj ET Q q 0 0 0 rg BT 295.76 706.10 Td (methods:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 682.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 127.50 682.10 Td (Retrospectively ) Tj ET Q q 0 0 0 rg BT 192.76 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.04 682.10 Td (each ) Tj ET Q q 0 0 0 rg BT 223.85 682.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 245.79 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 284.95 682.10 Td (period ) Tj ET Q q 0 0 0 rg BT 312.99 682.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 353.81 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.75 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.46 682.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 410.74 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 430.45 682.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 451.83 682.10 Td (any ) Tj ET Q q 0 0 0 rg BT 468.76 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.59 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.31 682.10 Td (following) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 670.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 158.92 670.10 Td (expedients:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 646.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 646.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.04 646.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 261.14 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.08 646.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 298.35 646.10 Td (need ) Tj ET Q q 0 0 0 rg BT 319.73 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.00 646.10 Td (restate ) Tj ET Q q 0 0 0 rg BT 363.60 646.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 402.19 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.69 646.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 444.40 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.34 646.10 Td (end ) Tj ET Q q 0 0 0 rg BT 478.28 646.10 Td (within ) Tj ET Q q 0 0 0 rg BT 506.34 646.10 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 634.10 Td (same ) Tj ET Q q 0 0 0 rg BT 184.05 634.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.20 634.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 252.36 634.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 622.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 622.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.04 622.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 258.64 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.13 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 297.51 622.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 332.21 622.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 391.08 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 403.02 622.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 428.29 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.01 622.10 Td (use ) Tj ET Q q 0 0 0 rg BT 463.84 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.56 622.10 Td (transaction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 610.10 Td (price ) Tj ET Q q 0 0 0 rg BT 183.49 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.20 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.92 610.10 Td (date ) Tj ET Q q 0 0 0 rg BT 227.07 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.79 610.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 276.49 610.10 Td (was ) Tj ET Q q 0 0 0 rg BT 294.54 610.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 338.70 610.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 364.51 610.10 Td (than ) Tj ET Q q 0 0 0 rg BT 384.23 610.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 428.39 610.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 463.09 610.10 Td (consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 598.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.39 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.67 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.38 598.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 274.30 598.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 313.46 598.10 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 586.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 586.10 Td (all ) Tj ET Q q 0 0 0 rg BT 188.39 586.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 227.54 586.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 259.48 586.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 300.30 586.10 Td (before ) Tj ET Q q 0 0 0 rg BT 328.33 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.05 586.10 Td (date ) Tj ET Q q 0 0 0 rg BT 362.21 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.04 586.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 398.87 586.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 448.29 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.23 586.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 485.51 586.10 Td (need ) Tj ET Q q 0 0 0 rg BT 506.88 586.10 Td (not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 574.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 193.22 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.93 574.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 240.43 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.98 574.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 312.35 574.10 Td (price ) Tj ET Q q 0 0 0 rg BT 334.83 574.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 373.42 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.70 574.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 426.74 574.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 479.76 574.10 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.44 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.38 562.10 Td (explanation ) Tj ET Q q 0 0 0 rg BT 236.53 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.36 562.10 Td (when ) Tj ET Q q 0 0 0 rg BT 271.52 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.23 562.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 311.51 562.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 343.99 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.27 562.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 395.63 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 413.13 562.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.62 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.45 562.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 538.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 127.50 538.10 Td (Retrospectively ) Tj ET Q q 0 0 0 rg BT 192.76 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 213.04 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.75 538.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 274.68 538.10 Td (ef) Tj ET Q q 0 0 0 rg BT 282.27 538.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.76 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.59 538.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 344.19 538.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 381.69 538.10 Td (this ) Tj ET Q q 0 0 0 rg BT 398.09 538.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 420.59 538.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 466.95 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 476.67 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.39 538.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.54 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.37 538.10 Td (initial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 526.10 Td (application. ) Tj ET Q q 0 0 0 rg BT 170.76 526.10 Td (If ) Tj ET Q q 0 0 0 rg BT 179.25 526.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.51 526.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 215.12 526.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 239.71 526.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 526.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 295.59 526.10 Td (method ) Tj ET Q q 0 0 0 rg BT 327.41 526.10 Td (it ) Tj ET Q q 0 0 0 rg BT 334.80 526.10 Td (also ) Tj ET Q q 0 0 0 rg BT 352.73 526.10 Td (should ) Tj ET Q q 0 0 0 rg BT 381.23 526.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 413.61 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.65 526.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 469.47 526.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 515.74 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.34 526.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 564.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 569.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 572.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 574.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 577.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 579.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 582.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 584.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 587.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 589.50 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.00 514.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 151.94 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.43 514.10 Td (include ) Tj ET Q q 0 0 0 rg BT 201.37 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.08 514.10 Td (date ) Tj ET Q q 0 0 0 rg BT 235.24 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.07 514.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 271.90 514.10 Td (application ) Tj ET Q q 0 0 0 rg BT 318.83 514.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.32 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.37 490.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 209.86 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.36 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 249.30 490.10 Td (each ) Tj ET Q q 0 0 0 rg BT 270.12 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.60 490.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 348.42 490.10 Td (line ) Tj ET Q q 0 0 0 rg BT 365.91 490.10 Td (item ) Tj ET Q q 0 0 0 rg BT 386.19 490.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.36 490.10 Td (af) Tj ET Q q 0 0 0 rg BT 402.94 490.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 429.87 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.15 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.86 490.10 Td (current ) Tj ET Q q 0 0 0 rg BT 485.68 490.10 Td (reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 478.10 Td (period ) Tj ET Q q 0 0 0 rg BT 189.05 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 201.55 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 478.10 Td (application ) Tj ET Q q 0 0 0 rg BT 263.19 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.02 478.10 Td (this ) Tj ET Q q 0 0 0 rg BT 290.42 478.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 312.92 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.75 478.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 365.68 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.96 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 478.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 429.27 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.76 478.10 Td (was ) Tj ET Q q 0 0 0 rg BT 464.81 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.09 478.10 Td (ef) Tj ET Q q 0 0 0 rg BT 482.68 478.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 500.17 478.10 Td (before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.22 466.10 Td (change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.95 454.10 Td (An ) Tj ET Q q 0 0 0 rg BT 173.67 454.10 Td (explanation ) Tj ET Q q 0 0 0 rg BT 222.82 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.65 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.37 454.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 280.86 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.02 454.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.73 454.10 Td (changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.50 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.63 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.48 430.10 Td (related ) Tj ET Q q 0 0 0 rg BT 137.10 430.10 Td (point, ) Tj ET Q q 0 0 0 rg BT 162.56 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.75 430.10 Td (May ) Tj ET Q q 0 0 0 rg BT 193.49 430.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 215.90 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.53 430.10 Td (F) Tj ET Q q 0 0 0 rg BT 235.35 430.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 257.22 430.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 284.10 430.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 306.51 430.10 Td (2016-12, ) Tj ET Q q 0 0 0 rg BT 344.75 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.16 430.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 384.56 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 406.41 430.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 447.15 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 467.34 430.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 512.52 430.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 521.27 430.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 540.89 430.10 Td (606\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.70 Td (Narrow-Scope ) Tj ET Q q 0 0 0 rg BT 110.26 415.70 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 169.97 415.70 Td (and ) Tj ET Q q 0 0 0 rg BT 186.36 415.70 Td (Practical ) Tj ET Q q 0 0 0 rg BT 223.29 415.70 Td (Expedients. ) Tj ET Q q 0 0 0 rg BT 272.17 415.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.98 415.70 Td (The ) Tj ET Q q 0 0 0 rg BT 291.47 415.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 343.96 415.70 Td (in ) Tj ET Q q 0 0 0 rg BT 353.69 415.70 Td (this ) Tj ET Q q 0 0 0 rg BT 369.65 415.70 Td (ASU ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 391.61 415.70 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.61 415.70 Td (o ) Tj ET Q q 0 0 0 rg BT 404.56 415.70 Td (not ) Tj ET Q q 0 0 0 rg BT 419.28 415.70 Td (change ) Tj ET Q q 0 0 0 rg BT 449.55 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.71 415.70 Td (core ) Tj ET Q q 0 0 0 rg BT 482.87 415.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 516.46 415.70 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.70 Td (principle ) Tj ET Q q 0 0 0 rg BT 88.12 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 98.29 403.70 Td (T) Tj ET Q q 0 0 0 rg BT 103.70 403.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.50 403.70 Td (606. ) Tj ET Q q 0 0 0 rg BT 143.39 403.70 Td (The ) Tj ET Q q 0 0 0 rg BT 161.51 403.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 214.63 403.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 247.76 403.70 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 289.21 403.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 327.88 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 338.24 403.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.02 403.70 Td (narrow ) Tj ET Q q 0 0 0 rg BT 398.91 403.70 Td (areas ) Tj ET Q q 0 0 0 rg BT 422.03 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 439.05 403.70 Td (add ) Tj ET Q q 0 0 0 rg BT 456.06 403.70 Td (some ) Tj ET Q q 0 0 0 rg BT 479.75 403.70 Td (practical ) Tj ET Q q 0 0 0 rg BT 516.75 403.70 Td (expedients. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.70 Td (These ) Tj ET Q q 0 0 0 rg BT 76.49 391.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 129.64 391.70 Td (are ) Tj ET Q q 0 0 0 rg BT 144.46 391.70 Td (ef) Tj ET Q q 0 0 0 rg BT 152.04 391.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 181.86 391.70 Td (at ) Tj ET Q q 0 0 0 rg BT 191.68 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.51 391.70 Td (same ) Tj ET Q q 0 0 0 rg BT 229.67 391.70 Td (date ) Tj ET Q q 0 0 0 rg BT 248.93 391.70 Td (that ) Tj ET Q q 0 0 0 rg BT 266.35 391.70 Td (T) Tj ET Q q 0 0 0 rg BT 271.76 391.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 291.58 391.70 Td (606 ) Tj ET Q q 0 0 0 rg BT 309.19 391.70 Td (is ) Tj ET Q q 0 0 0 rg BT 318.47 391.70 Td (ef) Tj ET Q q 0 0 0 rg BT 326.06 391.70 Td (fective. ) Tj ET Q q 0 0 0 rg BT 358.19 391.70 Td (T) Tj ET Q q 0 0 0 rg BT 363.60 391.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 383.42 391.70 Td (606 ) Tj ET Q q 0 0 0 rg BT 401.03 391.70 Td (is ) Tj ET Q q 0 0 0 rg BT 410.31 391.70 Td (ef) Tj ET Q q 0 0 0 rg BT 417.90 391.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 447.71 391.70 Td (for ) Tj ET Q q 0 0 0 rg BT 461.98 391.70 Td (public ) Tj ET Q q 0 0 0 rg BT 489.59 391.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 521.08 391.70 Td (for ) Tj ET Q q 0 0 0 rg BT 535.35 391.70 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.94 379.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 122.65 379.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 165.93 379.70 Td (after ) Tj ET Q q 0 0 0 rg BT 187.53 379.70 Td (December ) Tj ET Q q 0 0 0 rg BT 231.89 379.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 247.67 379.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 273.45 379.70 Td (including ) Tj ET Q q 0 0 0 rg BT 314.50 379.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 346.67 379.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.60 379.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 419.32 379.70 Td (therein ) Tj ET Q q 0 0 0 rg BT 450.36 379.70 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 471.69 379.70 Td (January ) Tj ET Q q 0 0 0 rg BT 506.07 379.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 516.85 379.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 542.63 379.70 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 379.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.70 Td (calendar ) Tj ET Q q 0 0 0 rg BT 86.36 367.70 Td (year ) Tj ET Q q 0 0 0 rg BT 106.07 367.70 Td (entity\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 350.70 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 93.44 350.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.64 350.70 Td (Collectability ) Tj ET Q q 0 0 0 rg BT 169.73 350.70 Td (Criterion ) Tj ET Q q 0 0 0 rg BT 212.58 350.70 Td (in ) Tj ET Q q 0 0 0 rg BT 223.80 350.70 Td (Paragraph ) Tj ET Q q 0 0 0 rg BT 272.78 350.70 Td (606-10-25-1\(e\) ) Tj ET Q q 0 0 0 rg BT 336.74 350.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.10 350.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 406.86 350.70 Td (for) Tj ET Q q 0 0 0 rg BT 419.45 350.70 Td ( ) Tj ET Q q 0 0 0 rg BT 422.32 350.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 467.20 350.70 Td (That ) Tj ET Q q 0 0 0 rg BT 490.64 350.70 Td (Do ) Tj ET Q q 0 0 0 rg BT 505.73 350.70 Td (Not ) Tj ET Q q 0 0 0 rg BT 524.15 350.70 Td (Meet ) Tj ET Q q 0 0 0 rg BT 548.67 350.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.70 Td (Criteria ) Tj ET Q q 0 0 0 rg BT 86.99 338.70 Td (for) Tj ET Q q 0 0 0 rg BT 99.58 338.70 Td ( ) Tj ET Q q 0 0 0 rg BT 102.15 338.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 123.61 338.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 131.18 338.70 Td (\(Applying ) Tj ET Q q 0 0 0 rg BT 176.55 338.70 Td (Paragraph ) Tj ET Q q 0 0 0 rg BT 225.22 338.70 Td (606-10-25-7\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 338.70 Td ( ) Tj ET Q q 0 0 0 rg BT 283.43 338.70 Td (The ) Tj ET Q q 0 0 0 rg BT 301.54 338.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 354.66 338.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 383.32 338.70 Td (the ) Tj ET Q q 0 0 0 rg BT 398.11 338.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 437.33 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.23 338.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.01 338.70 Td (collectability ) Tj ET Q q 0 0 0 rg BT 517.79 338.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 554.23 338.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 70.35 326.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 80.24 326.70 Td (The ) Tj ET Q q 0 0 0 rg BT 98.36 326.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 137.59 326.70 Td (of ) Tj ET Q q 0 0 0 rg BT 148.49 326.70 Td (this ) Tj ET Q q 0 0 0 rg BT 165.52 326.70 Td (assessment ) Tj ET Q q 0 0 0 rg BT 212.53 326.70 Td (is ) Tj ET Q q 0 0 0 rg BT 221.77 326.70 Td (to ) Tj ET Q q 0 0 0 rg BT 232.13 326.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 274.68 326.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 309.46 326.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.25 326.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 359.03 326.70 Td (is ) Tj ET Q q 0 0 0 rg BT 368.28 326.70 Td (valid ) Tj ET Q q 0 0 0 rg BT 390.85 326.70 Td (and ) Tj ET Q q 0 0 0 rg BT 407.86 326.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 450.97 326.70 Td (a ) Tj ET Q q 0 0 0 rg BT 457.98 326.70 Td (substantive ) Tj ET Q q 0 0 0 rg BT 505.55 326.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 552.00 326.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 63.93 314.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 85.64 314.70 Td (of ) Tj ET Q q 0 0 0 rg BT 95.69 314.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 129.61 314.70 Td (a ) Tj ET Q q 0 0 0 rg BT 135.76 314.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 174.13 314.70 Td (has ) Tj ET Q q 0 0 0 rg BT 189.17 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.11 314.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 230.37 314.70 Td (and ) Tj ET Q q 0 0 0 rg BT 246.52 314.70 Td (intention ) Tj ET Q q 0 0 0 rg BT 283.79 314.70 Td (to ) Tj ET Q q 0 0 0 rg BT 293.28 314.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 309.43 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 314.70 Td (promised ) Tj ET Q q 0 0 0 rg BT 362.29 314.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 417.88 314.70 Td (in ) Tj ET Q q 0 0 0 rg BT 427.37 314.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.84 314.70 Td (for ) Tj ET Q q 0 0 0 rg BT 480.21 314.70 Td (the ) Tj ET Q q 0 0 0 rg BT 494.15 314.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 519.75 314.70 Td (or ) Tj ET Q q 0 0 0 rg BT 529.79 314.70 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.70 Td (that ) Tj ET Q q 0 0 0 rg BT 66.68 302.70 Td (will ) Tj ET Q q 0 0 0 rg BT 83.92 302.70 Td (be ) Tj ET Q q 0 0 0 rg BT 95.05 302.70 Td (transferred ) Tj ET Q q 0 0 0 rg BT 140.04 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 149.50 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 163.41 302.70 Td (customer) Tj ET Q q 0 0 0 rg BT 199.51 302.70 Td (. ) Tj ET Q q 0 0 0 rg BT 203.57 302.70 Td (The ) Tj ET Q q 0 0 0 rg BT 220.81 302.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 273.04 302.70 Td (also ) Tj ET Q q 0 0 0 rg BT 290.83 302.70 Td (add ) Tj ET Q q 0 0 0 rg BT 306.95 302.70 Td (a ) Tj ET Q q 0 0 0 rg BT 313.08 302.70 Td (new ) Tj ET Q q 0 0 0 rg BT 331.43 302.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 366.98 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 376.45 302.70 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 418.11 302.70 Td (606-10-25-7 ) Tj ET Q q 0 0 0 rg BT 469.79 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 479.25 302.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 507.03 302.70 Td (when ) Tj ET Q q 0 0 0 rg BT 530.38 302.70 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.70 Td (would ) Tj ET Q q 0 0 0 rg BT 77.43 290.70 Td (be ) Tj ET Q q 0 0 0 rg BT 89.31 290.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 135.60 290.70 Td (for ) Tj ET Q q 0 0 0 rg BT 149.70 290.70 Td (a ) Tj ET Q q 0 0 0 rg BT 156.57 290.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 191.21 290.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.64 290.70 Td (fails ) Tj ET Q q 0 0 0 rg BT 228.29 290.70 Td (to ) Tj ET Q q 0 0 0 rg BT 238.50 290.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 260.37 290.70 Td (the ) Tj ET Q q 0 0 0 rg BT 275.02 290.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 305.76 290.70 Td (in ) Tj ET Q q 0 0 0 rg BT 315.97 290.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 336.19 290.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 345.94 290.70 Td (That ) Tj ET Q q 0 0 0 rg BT 366.70 290.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 403.01 290.70 Td (allows ) Tj ET Q q 0 0 0 rg BT 431.55 290.70 Td (an ) Tj ET Q q 0 0 0 rg BT 443.43 290.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 468.63 290.70 Td (to ) Tj ET Q q 0 0 0 rg BT 478.85 290.70 Td (recognize ) Tj ET Q q 0 0 0 rg BT 520.14 290.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 554.22 290.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.65 278.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 99.08 278.70 Td (of ) Tj ET Q q 0 0 0 rg BT 110.84 278.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 168.14 278.70 Td (received ) Tj ET Q q 0 0 0 rg BT 205.44 278.70 Td (when ) Tj ET Q q 0 0 0 rg BT 230.53 278.70 Td (the ) Tj ET Q q 0 0 0 rg BT 246.18 278.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 272.39 278.70 Td (has ) Tj ET Q q 0 0 0 rg BT 289.15 278.70 Td (transferred ) Tj ET Q q 0 0 0 rg BT 335.89 278.70 Td (control ) Tj ET Q q 0 0 0 rg BT 367.65 278.70 Td (of ) Tj ET Q q 0 0 0 rg BT 379.41 278.70 Td (the ) Tj ET Q q 0 0 0 rg BT 395.06 278.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 422.38 278.70 Td (or ) Tj ET Q q 0 0 0 rg BT 434.15 278.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 472.29 278.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.93 278.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 514.14 278.70 Td (has ) Tj ET Q q 0 0 0 rg BT 530.90 278.70 Td (stopped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.70 Td (transferring ) Tj ET Q q 0 0 0 rg BT 98.85 266.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 124.95 266.70 Td (or ) Tj ET Q q 0 0 0 rg BT 135.48 266.70 Td (services ) Tj ET Q q 0 0 0 rg BT 169.89 266.70 Td (\(if ) Tj ET Q q 0 0 0 rg BT 181.54 266.70 Td (applicable\) ) Tj ET Q q 0 0 0 rg BT 228.16 266.70 Td (and ) Tj ET Q q 0 0 0 rg BT 244.80 266.70 Td (has ) Tj ET Q q 0 0 0 rg BT 260.34 266.70 Td (no ) Tj ET Q q 0 0 0 rg BT 272.54 266.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 315.30 266.70 Td (under ) Tj ET Q q 0 0 0 rg BT 340.27 266.70 Td (the ) Tj ET Q q 0 0 0 rg BT 354.69 266.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 389.10 266.70 Td (to ) Tj ET Q q 0 0 0 rg BT 399.08 266.70 Td (transfer ) Tj ET Q q 0 0 0 rg BT 431.82 266.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 474.02 266.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 500.11 266.70 Td (or ) Tj ET Q q 0 0 0 rg BT 510.65 266.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 547.56 266.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 254.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 121.09 254.70 Td (received ) Tj ET Q q 0 0 0 rg BT 157.45 254.70 Td (from ) Tj ET Q q 0 0 0 rg BT 179.39 254.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 254.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 233.26 254.70 Td (is ) Tj ET Q q 0 0 0 rg BT 242.43 254.70 Td (nonrefundable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 237.70 Td (esentation ) Tj ET Q q 0 0 0 rg BT 106.89 237.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.42 237.70 Td (Sales ) Tj ET Q q 0 0 0 rg BT 143.05 237.70 Td (T) Tj ET Q q 0 0 0 rg BT 148.80 237.70 Td (axes ) Tj ET Q q 0 0 0 rg BT 170.33 237.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.65 237.70 Td (Other) Tj ET Q q 0 0 0 rg BT 215.02 237.70 Td ( ) Tj ET Q q 0 0 0 rg BT 218.21 237.70 Td (Similar) Tj ET Q q 0 0 0 rg BT 249.70 237.70 Td ( ) Tj ET Q q 0 0 0 rg BT 252.66 237.70 Td (T) Tj ET Q q 0 0 0 rg BT 258.41 237.70 Td (axes ) Tj ET Q q 0 0 0 rg BT 279.94 237.70 Td (Collected ) Tj ET Q q 0 0 0 rg BT 323.12 237.70 Td (fr) Tj ET Q q 0 0 0 rg BT 330.71 237.70 Td (om ) Tj ET Q q 0 0 0 rg BT 347.23 237.70 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.34 237.70 Td (. ) Tj ET Q q 0 0 0 rg BT 398.80 237.70 Td (The ) Tj ET Q q 0 0 0 rg BT 417.54 237.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 471.28 237.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 500.58 237.70 Td (an ) Tj ET Q q 0 0 0 rg BT 513.22 237.70 Td (entity) Tj ET Q q 0 0 0 rg BT 535.34 237.70 Td (, ) Tj ET Q q 0 0 0 rg BT 541.04 237.70 Td (as ) Tj ET Q q 0 0 0 rg BT 552.56 237.70 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.74 225.70 Td (policy ) Tj ET Q q 0 0 0 rg BT 122.60 225.70 Td (election, ) Tj ET Q q 0 0 0 rg BT 158.61 225.70 Td (to ) Tj ET Q q 0 0 0 rg BT 168.26 225.70 Td (exclude ) Tj ET Q q 0 0 0 rg BT 201.22 225.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 236.97 225.70 Td (collected ) Tj ET Q q 0 0 0 rg BT 274.92 225.70 Td (from ) Tj ET Q q 0 0 0 rg BT 296.23 225.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 338.64 225.70 Td (for ) Tj ET Q q 0 0 0 rg BT 352.16 225.70 Td (all ) Tj ET Q q 0 0 0 rg BT 364.02 225.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.33 225.70 Td (\(and ) Tj ET Q q 0 0 0 rg BT 404.96 225.70 Td (other ) Tj ET Q q 0 0 0 rg BT 427.37 225.70 Td (similar\) ) Tj ET Q q 0 0 0 rg BT 460.34 225.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 482.75 225.70 Td (from ) Tj ET Q q 0 0 0 rg BT 504.06 225.70 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 225.70 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.70 Td (price. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 89.78 196.70 Td (Consideration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.84 196.70 Td ( ) Tj ET Q q 0 0 0 rg BT 155.72 196.70 Td (The ) Tj ET Q q 0 0 0 rg BT 174.37 196.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 228.02 196.70 Td (specify ) Tj ET Q q 0 0 0 rg BT 260.00 196.70 Td (that ) Tj ET Q q 0 0 0 rg BT 278.10 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 293.42 196.70 Td (measurement ) Tj ET Q q 0 0 0 rg BT 349.84 196.70 Td (date ) Tj ET Q q 0 0 0 rg BT 369.60 196.70 Td (for ) Tj ET Q q 0 0 0 rg BT 384.36 196.70 Td (noncash ) Tj ET Q q 0 0 0 rg BT 420.23 196.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 477.21 196.70 Td (is ) Tj ET Q q 0 0 0 rg BT 486.98 196.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 522.29 196.70 Td (inception. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 184.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 120.46 184.70 Td (also ) Tj ET Q q 0 0 0 rg BT 138.76 184.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 167.04 184.70 Td (that ) Tj ET Q q 0 0 0 rg BT 184.22 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 198.62 184.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 233.01 184.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 289.07 184.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 327.35 184.70 Td (applies ) Tj ET Q q 0 0 0 rg BT 357.86 184.70 Td (only ) Tj ET Q q 0 0 0 rg BT 377.83 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 184.70 Td (variability ) Tj ET Q q 0 0 0 rg BT 431.08 184.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 468.26 184.70 Td (from ) Tj ET Q q 0 0 0 rg BT 489.88 184.70 Td (reasons ) Tj ET Q q 0 0 0 rg BT 522.06 184.70 Td (other ) Tj ET Q q 0 0 0 rg BT 544.79 184.70 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 172.70 Td (form ) Tj ET Q q 0 0 0 rg BT 86.66 172.70 Td (of ) Tj ET Q q 0 0 0 rg BT 97.49 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 172.70 Td (consideration. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.70 Td (Contract ) Tj ET Q q 0 0 0 rg BT 89.73 155.70 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 150.02 155.70 Td (at ) Tj ET Q q 0 0 0 rg BT 159.66 155.70 Td (T) Tj ET Q q 0 0 0 rg BT 165.59 155.70 Td (ransition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.43 155.70 Td ( ) Tj ET Q q 0 0 0 rg BT 207.74 155.70 Td (The ) Tj ET Q q 0 0 0 rg BT 224.69 155.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 276.64 155.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 308.60 155.70 Td (a ) Tj ET Q q 0 0 0 rg BT 314.45 155.70 Td (practical ) Tj ET Q q 0 0 0 rg BT 350.27 155.70 Td (expedient ) Tj ET Q q 0 0 0 rg BT 390.55 155.70 Td (that ) Tj ET Q q 0 0 0 rg BT 406.96 155.70 Td (permits ) Tj ET Q q 0 0 0 rg BT 438.36 155.70 Td (an ) Tj ET Q q 0 0 0 rg BT 449.21 155.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 473.39 155.70 Td (to ) Tj ET Q q 0 0 0 rg BT 482.58 155.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 509.52 155.70 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 155.70 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.70 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 143.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 76.04 143.70 Td (of ) Tj ET Q q 0 0 0 rg BT 87.83 143.70 Td (all ) Tj ET Q q 0 0 0 rg BT 101.29 143.70 Td (modifications ) Tj ET Q q 0 0 0 rg BT 159.75 143.70 Td (that ) Tj ET Q q 0 0 0 rg BT 178.21 143.70 Td (occur ) Tj ET Q q 0 0 0 rg BT 203.88 143.70 Td (before ) Tj ET Q q 0 0 0 rg BT 232.88 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.56 143.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 292.02 143.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.81 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 319.49 143.70 Td (earliest ) Tj ET Q q 0 0 0 rg BT 351.83 143.70 Td (period ) Tj ET Q q 0 0 0 rg BT 380.84 143.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 422.62 143.70 Td (when ) Tj ET Q q 0 0 0 rg BT 447.75 143.70 Td (identifying ) Tj ET Q q 0 0 0 rg BT 495.09 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 510.77 143.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 547.56 143.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.70 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 96.43 131.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 150.06 131.70 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 200.11 131.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 251.54 131.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.87 131.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 313.85 131.70 Td (price, ) Tj ET Q q 0 0 0 rg BT 339.44 131.70 Td (and ) Tj ET Q q 0 0 0 rg BT 356.99 131.70 Td (allocating ) Tj ET Q q 0 0 0 rg BT 399.52 131.70 Td (the ) Tj ET Q q 0 0 0 rg BT 414.85 131.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 461.83 131.70 Td (price ) Tj ET Q q 0 0 0 rg BT 484.92 131.70 Td (to ) Tj ET Q q 0 0 0 rg BT 495.81 131.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.13 131.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 547.57 131.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.70 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 95.83 119.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.85 119.70 Td (obligations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 102.70 Td (Completed ) Tj ET Q q 0 0 0 rg BT 99.39 102.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 144.32 102.70 Td (at ) Tj ET Q q 0 0 0 rg BT 155.18 102.70 Td (T) Tj ET Q q 0 0 0 rg BT 161.11 102.70 Td (ransition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.45 102.70 Td (. ) Tj ET Q q 0 0 0 rg BT 204.48 102.70 Td (The ) Tj ET Q q 0 0 0 rg BT 222.75 102.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 276.02 102.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 304.84 102.70 Td (that ) Tj ET Q q 0 0 0 rg BT 322.56 102.70 Td (a ) Tj ET Q q 0 0 0 rg BT 329.73 102.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 374.10 102.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 409.03 102.70 Td (for ) Tj ET Q q 0 0 0 rg BT 423.42 102.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 461.69 102.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.75 102.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 513.25 102.70 Td (is ) Tj ET Q q 0 0 0 rg BT 522.65 102.70 Td (a ) Tj ET Q q 0 0 0 rg BT 529.81 102.70 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.70 Td (for ) Tj ET Q q 0 0 0 rg BT 65.35 90.70 Td (which ) Tj ET Q q 0 0 0 rg BT 93.47 90.70 Td (all ) Tj ET Q q 0 0 0 rg BT 107.15 90.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 122.50 90.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 176.74 90.70 Td (all\) ) Tj ET Q q 0 0 0 rg BT 193.75 90.70 Td (of ) Tj ET Q q 0 0 0 rg BT 205.77 90.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.67 90.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 257.00 90.70 Td (was ) Tj ET Q q 0 0 0 rg BT 276.24 90.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 323.79 90.70 Td (under ) Tj ET Q q 0 0 0 rg BT 350.24 90.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 380.02 90.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 406.88 90.70 Td ( ) Tj ET Q q 0 0 0 rg BT 410.57 90.70 Td (before ) Tj ET Q q 0 0 0 rg BT 439.79 90.70 Td (the ) Tj ET Q q 0 0 0 rg BT 455.69 90.70 Td (date ) Tj ET Q q 0 0 0 rg BT 476.04 90.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 90.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 515.07 90.70 Td (application. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 99.15 78.70 Td (for ) Tj ET Q q 0 0 0 rg BT 113.31 78.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 151.35 78.70 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 78.70 Td (a ) Tj ET Q q 0 0 0 rg BT 169.12 78.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 203.82 78.70 Td (that ) Tj ET Q q 0 0 0 rg BT 221.32 78.70 Td (do ) Tj ET Q q 0 0 0 rg BT 233.82 78.70 Td (not ) Tj ET Q q 0 0 0 rg BT 249.09 78.70 Td (af) Tj ET Q q 0 0 0 rg BT 256.68 78.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.17 78.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 308.31 78.70 Td (under ) Tj ET Q q 0 0 0 rg BT 333.58 78.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 362.17 78.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 389.03 78.70 Td ( ) Tj ET Q q 0 0 0 rg BT 391.52 78.70 Td (are ) Tj ET Q q 0 0 0 rg BT 406.23 78.70 Td (irrelevant ) Tj ET Q q 0 0 0 rg BT 447.04 78.70 Td (to ) Tj ET Q q 0 0 0 rg BT 457.32 78.70 Td (the ) Tj ET Q q 0 0 0 rg BT 472.03 78.70 Td (assessment ) Tj ET Q q 0 0 0 rg BT 518.97 78.70 Td (of ) Tj ET Q q 0 0 0 rg BT 529.80 78.70 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.70 Td (a ) Tj ET Q q 0 0 0 rg BT 56.90 66.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 91.57 66.70 Td (is ) Tj ET Q q 0 0 0 rg BT 100.71 66.70 Td (complete. ) Tj ET Q q 0 0 0 rg BT 142.32 66.70 Td (In ) Tj ET Q q 0 0 0 rg BT 153.12 66.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 190.86 66.70 Td (the ) Tj ET Q q 0 0 0 rg BT 205.54 66.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 258.55 66.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 287.12 66.70 Td (an ) Tj ET Q q 0 0 0 rg BT 299.02 66.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 324.26 66.70 Td (to ) Tj ET Q q 0 0 0 rg BT 334.51 66.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 359.19 66.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.87 66.70 Td (modified ) Tj ET Q q 0 0 0 rg BT 412.44 66.70 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 466.55 66.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 506.79 66.70 Td (method ) Tj ET Q q 0 0 0 rg BT 539.25 66.70 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.70 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 54.70 Td (all ) Tj ET Q q 0 0 0 rg BT 72.77 54.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 111.37 54.70 Td (or ) Tj ET Q q 0 0 0 rg BT 122.20 54.70 Td (only ) Tj ET Q q 0 0 0 rg BT 142.48 54.70 Td (to ) Tj ET Q q 0 0 0 rg BT 152.75 54.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 191.35 54.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.84 54.70 Td (are ) Tj ET Q q 0 0 0 rg BT 223.55 54.70 Td (not ) Tj ET Q q 0 0 0 rg BT 238.83 54.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 282.98 54.70 Td (contracts. ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 107.85 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.94 742.10 Td (April ) Tj ET Q q 0 0 0 rg BT 142.01 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 164.98 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.16 742.10 Td (F) Tj ET Q q 0 0 0 rg BT 184.97 742.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 207.39 742.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.70 742.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 257.67 742.10 Td (2016-10, ) Tj ET Q q 0 0 0 rg BT 296.46 742.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 334.41 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 356.81 742.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 398.10 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.84 742.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 464.58 742.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 473.32 742.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 493.50 742.10 Td (606\): ) Tj ET Q q 0 0 0 rg BT 517.57 742.10 Td (Identifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 105.29 730.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 156.17 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.82 730.10 Td (Licensing. ) Tj ET Q q 0 0 0 rg BT 220.66 730.10 Td (This ) Tj ET Q q 0 0 0 rg BT 242.65 730.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 293.51 730.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 329.92 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.35 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 389.45 730.10 Td (two ) Tj ET Q q 0 0 0 rg BT 408.66 730.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 441.74 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.98 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 459.39 730.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 480.82 730.10 Td (606: ) Tj ET Q q 0 0 0 rg BT 502.81 730.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 518.11 730.10 Td (identifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.64 718.10 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 151.97 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.53 718.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 182.30 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.63 718.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 234.85 718.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 299.73 718.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 340.28 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 357.94 718.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 410.60 718.10 Td (do ) Tj ET Q q 0 0 0 rg BT 422.71 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 437.61 718.10 Td (change ) Tj ET Q q 0 0 0 rg BT 468.04 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.37 718.10 Td (core ) Tj ET Q q 0 0 0 rg BT 501.69 718.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 539.34 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.65 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.80 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 104.21 706.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.99 706.10 Td (606. ) Tj ET Q q 0 0 0 rg BT 143.86 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 161.96 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 169.55 706.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 199.31 706.10 Td (date ) Tj ET Q q 0 0 0 rg BT 218.52 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.52 706.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 275.85 706.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 330.61 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.83 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.60 706.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 412.70 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 427.47 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.24 706.10 Td (same ) Tj ET Q q 0 0 0 rg BT 465.35 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 476.23 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.01 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 498.60 706.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 528.36 706.10 Td (date ) Tj ET Q q 0 0 0 rg BT 547.57 706.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 90.62 694.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 145.67 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.08 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 161.50 694.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 181.56 694.10 Td (606. ) Tj ET Q q 0 0 0 rg BT 201.90 694.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 230.31 694.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 262.03 694.10 Td (should ) Tj ET Q q 0 0 0 rg BT 291.55 694.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 316.61 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 694.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 385.06 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.57 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 429.07 694.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.57 694.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.85 694.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 543.69 694.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.00 682.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 107.41 682.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 131.82 682.10 Td (including ) Tj ET Q q 0 0 0 rg BT 171.50 682.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 202.30 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 240.86 682.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 272.21 682.10 Td (therein ) Tj ET Q q 0 0 0 rg BT 301.89 682.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 321.85 682.10 Td (January ) Tj ET Q q 0 0 0 rg BT 354.86 682.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 364.27 682.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 388.68 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.25 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.60 682.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 444.38 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 463.50 682.10 Td (entity\). ) Tj ET Q q 0 0 0 rg BT 494.01 682.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 517.58 682.10 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.69 670.10 Td (public ) Tj ET Q q 0 0 0 rg BT 90.72 670.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 121.64 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.34 670.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 170.69 670.10 Td (only ) Tj ET Q q 0 0 0 rg BT 190.50 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.86 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.23 670.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 239.92 670.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 278.60 670.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 310.07 670.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 352.10 670.10 Td (after ) Tj ET Q q 0 0 0 rg BT 372.45 670.10 Td (December ) Tj ET Q q 0 0 0 rg BT 415.57 670.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 430.10 670.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 454.63 670.10 Td (including ) Tj ET Q q 0 0 0 rg BT 494.44 670.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 525.35 670.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.94 658.10 Td (within ) Tj ET Q q 0 0 0 rg BT 110.00 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 127.49 658.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 166.65 658.10 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 641.10 Td (Identifying ) Tj ET Q q 0 0 0 rg BT 153.73 641.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 211.75 641.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 624.10 Td (Before ) Tj ET Q q 0 0 0 rg BT 142.94 624.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.11 624.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 180.62 624.10 Td (can ) Tj ET Q q 0 0 0 rg BT 197.23 624.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 231.07 624.10 Td (its ) Tj ET Q q 0 0 0 rg BT 243.25 624.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 296.51 624.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 343.69 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.20 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.37 624.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 396.31 624.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.82 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.00 624.10 Td (customer) Tj ET Q q 0 0 0 rg BT 460.25 624.10 Td (, ) Tj ET Q q 0 0 0 rg BT 465.49 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.44 624.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 505.94 624.10 Td (first ) Tj ET Q q 0 0 0 rg BT 524.79 624.10 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.22 612.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 180.93 612.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 207.33 612.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.16 612.10 Td (services ) Tj ET Q q 0 0 0 rg BT 252.86 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.14 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.86 612.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 314.88 612.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.93 612.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 385.97 612.10 Td (add ) Tj ET Q q 0 0 0 rg BT 402.91 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.62 612.10 Td (following ) Tj ET Q q 0 0 0 rg BT 459.01 612.10 Td (guidance: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 595.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.47 595.10 Td (An ) Tj ET Q q 0 0 0 rg BT 137.22 595.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 162.52 595.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.72 595.10 Td (not ) Tj ET Q q 0 0 0 rg BT 187.03 595.10 Td (required ) Tj ET Q q 0 0 0 rg BT 222.88 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.18 595.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 260.16 595.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 294.89 595.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 334.64 595.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 361.06 595.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.92 595.10 Td (services ) Tj ET Q q 0 0 0 rg BT 406.66 595.10 Td (are ) Tj ET Q q 0 0 0 rg BT 421.39 595.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 474.44 595.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.42 595.10 Td (if ) Tj ET Q q 0 0 0 rg BT 530.05 595.10 Td (they ) Tj ET Q q 0 0 0 rg BT 549.80 595.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 583.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 172.32 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.59 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.31 583.10 Td (context ) Tj ET Q q 0 0 0 rg BT 229.24 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.07 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.79 583.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 289.49 583.10 Td (with ) Tj ET Q q 0 0 0 rg BT 309.77 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.49 583.10 Td (customer) Tj ET Q q 0 0 0 rg BT 360.59 583.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 566.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.95 566.10 Td (An ) Tj ET Q q 0 0 0 rg BT 138.31 566.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 164.23 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.04 566.10 Td (permitted, ) Tj ET Q q 0 0 0 rg BT 218.00 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.47 566.10 Td (an ) Tj ET Q q 0 0 0 rg BT 242.06 566.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 289.07 566.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 317.21 566.10 Td (election, ) Tj ET Q q 0 0 0 rg BT 354.50 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.42 566.10 Td (account ) Tj ET Q q 0 0 0 rg BT 399.66 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.46 566.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 452.05 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.63 566.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 507.77 566.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 547.01 566.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 554.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 150.91 554.10 Td (after ) Tj ET Q q 0 0 0 rg BT 171.42 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.84 554.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 224.69 554.10 Td (has ) Tj ET Q q 0 0 0 rg BT 240.22 554.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 276.85 554.10 Td (control ) Tj ET Q q 0 0 0 rg BT 307.37 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.90 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.54 554.10 Td (good ) Tj ET Q q 0 0 0 rg BT 346.74 554.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.27 554.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.91 554.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 401.09 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.07 554.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 436.04 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.46 554.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 484.87 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.85 554.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 527.59 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 554.10 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 542.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 152.32 542.10 Td (than ) Tj ET Q q 0 0 0 rg BT 172.03 542.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.86 542.10 Td (an ) Tj ET Q q 0 0 0 rg BT 194.80 542.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 237.29 542.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 277.01 542.10 Td (service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 525.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.41 525.10 Td (o ) Tj ET Q q 0 0 0 rg BT 126.34 525.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 160.38 525.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 213.84 525.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 261.22 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.93 525.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.30 525.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 316.94 525.10 Td (an ) Tj ET Q q 0 0 0 rg BT 329.31 525.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 355.02 525.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 395.16 525.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 430.30 525.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 470.45 525.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 497.28 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.65 525.10 Td (services ) Tj ET Q q 0 0 0 rg BT 549.79 525.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 513.10 Td (distinct. ) Tj ET Q q 0 0 0 rg BT 160.46 513.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.19 513.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 230.90 513.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 266.41 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.80 513.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 319.07 513.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.25 513.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 370.65 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.04 513.10 Td (promises ) Tj ET Q q 0 0 0 rg BT 423.32 513.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.71 513.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 480.42 513.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 528.13 513.10 Td (criterion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 501.10 Td (by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 484.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 123.24 484.10 Td (Better ) Tj ET Q q 0 0 0 rg BT 150.42 484.10 Td (articulating ) Tj ET Q q 0 0 0 rg BT 198.70 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.65 484.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 251.94 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.34 484.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 317.40 484.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 352.35 484.10 Td (promises ) Tj ET Q q 0 0 0 rg BT 391.20 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.72 484.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 435.00 484.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 461.63 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.70 484.10 Td (services ) Tj ET Q q 0 0 0 rg BT 507.65 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.17 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.35 484.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.60 472.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 185.02 472.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 233.44 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 246.33 472.10 Td (emphasizing ) Tj ET Q q 0 0 0 rg BT 299.76 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.64 472.10 Td (an ) Tj ET Q q 0 0 0 rg BT 329.97 472.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 355.63 472.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 402.39 472.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 437.49 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.59 472.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 480.46 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.68 472.10 Td (its ) Tj ET Q q 0 0 0 rg BT 504.02 472.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 539.12 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 472.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 460.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 161.29 460.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.55 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.91 460.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 214.04 460.10 Td (each ) Tj ET Q q 0 0 0 rg BT 234.94 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.86 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.67 460.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 287.14 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.06 460.10 Td (services ) Tj ET Q q 0 0 0 rg BT 332.86 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.78 460.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 378.57 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.38 460.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 428.18 460.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.44 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.80 460.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 480.93 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.96 460.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 529.98 460.10 Td (item ) Tj ET Q q 0 0 0 rg BT 550.34 460.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 448.10 Td (items\) ) Tj ET Q q 0 0 0 rg BT 154.00 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.27 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 191.21 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.93 448.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 245.65 448.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 272.04 448.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 300.08 448.10 Td (services ) Tj ET Q q 0 0 0 rg BT 334.79 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.50 448.10 Td (inputs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 431.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.93 431.10 Td (Revising ) Tj ET Q q 0 0 0 rg BT 160.92 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.56 431.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.19 431.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.83 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.70 431.10 Td (examples ) Tj ET Q q 0 0 0 rg BT 291.89 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.10 431.10 Td (align ) Tj ET Q q 0 0 0 rg BT 324.52 431.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.73 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.37 431.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 400.13 431.10 Td (articulation ) Tj ET Q q 0 0 0 rg BT 448.10 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.85 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.50 431.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 516.46 431.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 419.10 Td (principle.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.00 402.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 156.62 402.10 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 227.45 402.10 Td (Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 385.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.41 385.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 137.13 385.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 153.64 385.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 188.47 385.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 252.74 385.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 290.34 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.85 385.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 351.67 385.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 385.39 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 396.33 385.10 Td (entity) Tj ET Q q 0 0 0 rg BT 421.88 385.10 Td (s ) Tj ET Q q 0 0 0 rg BT 427.28 385.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 461.01 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.29 385.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 492.34 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.29 385.10 Td (license ) Tj ET Q q 0 0 0 rg BT 527.56 385.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.55 373.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 172.82 373.10 Td (with ) Tj ET Q q 0 0 0 rg BT 193.22 373.10 Td (either ) Tj ET Q q 0 0 0 rg BT 218.59 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.65 373.10 Td (right ) Tj ET Q q 0 0 0 rg BT 247.15 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.54 373.10 Td (use ) Tj ET Q q 0 0 0 rg BT 273.49 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.32 373.10 Td (entity) Tj ET Q q 0 0 0 rg BT 313.87 373.10 Td (s ) Tj ET Q q 0 0 0 rg BT 320.38 373.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 367.42 373.10 Td (property ) Tj ET Q q 0 0 0 rg BT 403.91 373.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 434.29 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.58 373.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 479.52 373.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.35 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.40 373.10 Td (point ) Tj ET Q q 0 0 0 rg BT 519.57 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.96 373.10 Td (time\) ) Tj ET Q q 0 0 0 rg BT 553.68 373.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.26 361.10 Td (right ) Tj ET Q q 0 0 0 rg BT 154.48 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.58 361.10 Td (access ) Tj ET Q q 0 0 0 rg BT 192.44 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 361.10 Td (entity) Tj ET Q q 0 0 0 rg BT 232.54 361.10 Td (s ) Tj ET Q q 0 0 0 rg BT 238.75 361.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 285.50 361.10 Td (property ) Tj ET Q q 0 0 0 rg BT 321.71 361.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 351.80 361.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.80 361.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 396.45 361.10 Td (over ) Tj ET Q q 0 0 0 rg BT 416.54 361.10 Td (time\). ) Tj ET Q q 0 0 0 rg BT 442.30 361.10 Td (The ) Tj ET Q q 0 0 0 rg BT 460.18 361.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 513.04 361.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.58 361.10 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.23 349.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 173.51 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.68 349.10 Td (operability ) Tj ET Q q 0 0 0 rg BT 234.96 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.35 349.10 Td (understandability ) Tj ET Q q 0 0 0 rg BT 324.73 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.02 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.19 349.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 390.25 349.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 455.96 349.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 495.01 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.96 349.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 549.79 349.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 337.10 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 320.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 123.79 320.10 Td (An ) Tj ET Q q 0 0 0 rg BT 140.23 320.10 Td (entity) Tj ET Q q 0 0 0 rg BT 165.79 320.10 Td (s ) Tj ET Q q 0 0 0 rg BT 173.90 320.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 210.34 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.34 320.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 247.11 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.77 320.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 296.64 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.30 320.10 Td (license ) Tj ET Q q 0 0 0 rg BT 337.29 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.29 320.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 397.93 320.10 Td (property ) Tj ET Q q 0 0 0 rg BT 436.03 320.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.25 320.10 Td (has ) Tj ET Q q 0 0 0 rg BT 472.80 320.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 519.23 320.10 Td (standalone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 308.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 180.18 308.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 203.03 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.83 308.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 245.96 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.32 308.10 Td (process ) Tj ET Q q 0 0 0 rg BT 288.90 308.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.92 308.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 344.87 308.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 379.66 308.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.68 308.10 Td (function ) Tj ET Q q 0 0 0 rg BT 422.59 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.50 308.10 Td (task, ) Tj ET Q q 0 0 0 rg BT 454.69 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.60 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.62 308.10 Td (played ) Tj ET Q q 0 0 0 rg BT 506.86 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.77 308.10 Td (aired\) ) Tj ET Q q 0 0 0 rg BT 543.67 308.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.78 296.10 Td (include ) Tj ET Q q 0 0 0 rg BT 173.71 296.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 218.99 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.82 296.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 280.09 296.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.58 296.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 344.51 296.10 Td (property ) Tj ET Q q 0 0 0 rg BT 380.88 296.10 Td (during ) Tj ET Q q 0 0 0 rg BT 409.49 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.21 296.10 Td (license ) Tj ET Q q 0 0 0 rg BT 454.47 296.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 279.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.24 279.10 Td (An ) Tj ET Q q 0 0 0 rg BT 136.69 279.10 Td (entity) Tj ET Q q 0 0 0 rg BT 162.25 279.10 Td (s ) Tj ET Q q 0 0 0 rg BT 168.37 279.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 202.82 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.83 279.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 235.61 279.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.28 279.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 281.17 279.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.84 279.10 Td (license ) Tj ET Q q 0 0 0 rg BT 317.84 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.85 279.10 Td (symbolic ) Tj ET Q q 0 0 0 rg BT 366.75 279.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 413.40 279.10 Td (property ) Tj ET Q q 0 0 0 rg BT 449.51 279.10 Td (\(that ) Tj ET Q q 0 0 0 rg BT 470.07 279.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 481.48 279.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 528.13 279.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 267.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.79 267.10 Td (does ) Tj ET Q q 0 0 0 rg BT 166.41 267.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.48 267.10 Td (have ) Tj ET Q q 0 0 0 rg BT 204.64 267.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 250.15 267.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 296.20 267.10 Td (functionality\) ) Tj ET Q q 0 0 0 rg BT 353.92 267.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.54 267.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 436.61 267.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.23 267.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 499.29 267.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.57 267.10 Td (intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 255.10 Td (property ) Tj ET Q q 0 0 0 rg BT 162.88 255.10 Td (during ) Tj ET Q q 0 0 0 rg BT 191.49 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.20 255.10 Td (license ) Tj ET Q q 0 0 0 rg BT 236.47 255.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 238.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 122.41 238.10 Td (An ) Tj ET Q q 0 0 0 rg BT 137.09 238.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 162.31 238.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 202.54 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.21 238.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 244.65 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.43 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 267.33 238.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 302.00 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.23 238.10 Td (granting ) Tj ET Q q 0 0 0 rg BT 348.01 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.90 238.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 387.62 238.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 430.61 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.40 238.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 476.06 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.73 238.10 Td (license ) Tj ET Q q 0 0 0 rg BT 520.94 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.07 238.10 Td (distinct, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.40 226.10 Td (order ) Tj ET Q q 0 0 0 rg BT 159.63 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.53 226.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 193.87 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 226.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.89 226.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 269.11 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.86 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 284.27 226.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 303.61 226.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 320.74 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.64 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.20 226.10 Td (single ) Tj ET Q q 0 0 0 rg BT 363.22 226.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 415.86 226.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 458.54 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.66 226.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 511.11 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.68 226.10 Td (license ) Tj ET Q q 0 0 0 rg BT 547.57 226.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.69 214.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 174.23 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.20 214.10 Td (services ) Tj ET Q q 0 0 0 rg BT 218.05 214.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 230.81 214.10 Td (particular) Tj ET Q q 0 0 0 rg BT 268.72 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.86 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.72 214.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 324.46 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.11 214.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 386.07 214.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 419.92 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.00 214.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 478.17 214.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 520.37 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.68 214.10 Td (satisfied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 202.10 Td (over ) Tj ET Q q 0 0 0 rg BT 145.80 202.10 Td (time ) Tj ET Q q 0 0 0 rg BT 165.11 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.97 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.72 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.69 202.10 Td (point ) Tj ET Q q 0 0 0 rg BT 211.78 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.09 202.10 Td (time ) Tj ET Q q 0 0 0 rg BT 240.39 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.36 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.11 202.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 307.74 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.27 202.10 Td (how ) Tj ET Q q 0 0 0 rg BT 338.03 202.10 Td (best ) Tj ET Q q 0 0 0 rg BT 355.67 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.98 202.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 399.82 202.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 435.24 202.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 464.54 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.29 202.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 516.47 202.10 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 187.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.33 187.70 Td (a ) Tj ET Q q 0 0 0 rg BT 144.27 187.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 197.29 187.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 240.34 187.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 276.17 187.70 Td (over ) Tj ET Q q 0 0 0 rg BT 296.44 187.70 Td (time\).) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 320.04 187.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 165.70 Td (The ) Tj ET Q q 0 0 0 rg BT 89.66 165.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.16 165.70 Td (had ) Tj ET Q q 0 0 0 rg BT 146.21 165.70 Td (planned ) Tj ET Q q 0 0 0 rg BT 179.48 165.70 Td (to ) Tj ET Q q 0 0 0 rg BT 188.87 165.70 Td (adopt ) Tj ET Q q 0 0 0 rg BT 212.71 165.70 Td (this ) Tj ET Q q 0 0 0 rg BT 228.77 165.70 Td (new ) Tj ET Q q 0 0 0 rg BT 247.04 165.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 292.53 165.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 328.02 165.70 Td (ef) Tj ET Q q 0 0 0 rg BT 335.61 165.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 364.42 165.70 Td (January ) Tj ET Q q 0 0 0 rg BT 397.13 165.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 406.25 165.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 427.86 165.70 Td (but ) Tj ET Q q 0 0 0 rg BT 442.25 165.70 Td (it ) Tj ET Q q 0 0 0 rg BT 449.42 165.70 Td (has ) Tj ET Q q 0 0 0 rg BT 464.37 165.70 Td (not ) Tj ET Q q 0 0 0 rg BT 478.76 165.70 Td (presently ) Tj ET Q q 0 0 0 rg BT 517.03 165.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 564.51 165.70 Td ( ) Tj ET Q q 0 0 0 rg BT 567.01 165.70 Td ( ) Tj ET Q q 0 0 0 rg BT 569.51 165.70 Td ( ) Tj ET Q q 0 0 0 rg BT 572.01 165.70 Td ( ) Tj ET Q q 0 0 0 rg BT 574.51 165.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.05 153.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 95.09 153.70 Td (that ) Tj ET Q q 0 0 0 rg BT 112.91 153.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.96 153.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 165.78 153.70 Td (of ) Tj ET Q q 0 0 0 rg BT 176.32 153.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 199.15 153.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 216.70 153.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 252.86 153.70 Td (will ) Tj ET Q q 0 0 0 rg BT 271.25 153.70 Td (have ) Tj ET Q q 0 0 0 rg BT 292.96 153.70 Td (on ) Tj ET Q q 0 0 0 rg BT 305.79 153.70 Td (its ) Tj ET Q q 0 0 0 rg BT 318.06 153.70 Td (income ) Tj ET Q q 0 0 0 rg BT 350.33 153.70 Td (statement, ) Tj ET Q q 0 0 0 rg BT 393.98 153.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 427.34 153.70 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 453.22 153.70 Td (or ) Tj ET Q q 0 0 0 rg BT 464.38 153.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 505.53 153.70 Td (of ) Tj ET Q q 0 0 0 rg BT 516.69 153.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.28 153.70 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.70 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 105.13 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 119.99 141.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.51 141.70 Td (has ) Tj ET Q q 0 0 0 rg BT 177.49 141.70 Td (not ) Tj ET Q q 0 0 0 rg BT 192.91 141.70 Td (yet ) Tj ET Q q 0 0 0 rg BT 207.76 141.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 255.39 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.24 141.70 Td (method ) Tj ET Q q 0 0 0 rg BT 302.88 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 313.85 141.70 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 368.13 141.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 405.77 141.70 Td (it ) Tj ET Q q 0 0 0 rg BT 413.97 141.70 Td (will ) Tj ET Q q 0 0 0 rg BT 432.17 141.70 Td (use ) Tj ET Q q 0 0 0 rg BT 448.14 141.70 Td (as ) Tj ET Q q 0 0 0 rg BT 459.11 141.70 Td (described ) Tj ET Q q 0 0 0 rg BT 500.07 141.70 Td (in ) Tj ET Q q 0 0 0 rg BT 510.49 141.70 Td (paragraphs ) Tj ET Q q 0 0 0 rg BT 557.00 141.70 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.70 Td (and ) Tj ET Q q 0 0 0 rg BT 68.15 129.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 76.87 129.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 130.56 129.70 Td (above. ) Tj ET Q q 0 0 0 rg BT 160.65 129.70 Td (Subsequently ) Tj ET Q q 0 0 0 rg BT 218.25 129.70 Td (in ) Tj ET Q q 0 0 0 rg BT 228.93 129.70 Td (August ) Tj ET Q q 0 0 0 rg BT 261.53 129.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 285.25 129.70 Td (the ) Tj ET Q q 0 0 0 rg BT 301.18 129.70 Td (F) Tj ET Q q 0 0 0 rg BT 305.99 129.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 329.16 129.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 357.06 129.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 380.77 129.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 399.21 129.70 Td (2015-14 ) Tj ET Q q 0 0 0 rg BT 436.25 129.70 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 479.03 129.70 Td (from ) Tj ET Q q 0 0 0 rg BT 502.18 129.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 544.22 129.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.70 Td (Customers: ) Tj ET Q q 0 0 0 rg BT 98.13 117.70 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 134.02 117.70 Td (of ) Tj ET Q q 0 0 0 rg BT 144.93 117.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 154.18 117.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 183.96 117.70 Td (Date", ) Tj ET Q q 0 0 0 rg BT 212.00 117.70 Td (to ) Tj ET Q q 0 0 0 rg BT 222.36 117.70 Td (defer ) Tj ET Q q 0 0 0 rg BT 245.47 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.27 117.70 Td (ef) Tj ET Q q 0 0 0 rg BT 267.86 117.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 297.64 117.70 Td (date ) Tj ET Q q 0 0 0 rg BT 316.87 117.70 Td (of ) Tj ET Q q 0 0 0 rg BT 327.21 117.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 349.79 117.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 367.09 117.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 403.00 117.70 Td (for ) Tj ET Q q 0 0 0 rg BT 417.24 117.70 Td (all ) Tj ET Q q 0 0 0 rg BT 429.81 117.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 461.27 117.70 Td (by ) Tj ET Q q 0 0 0 rg BT 473.85 117.70 Td (one ) Tj ET Q q 0 0 0 rg BT 490.87 117.70 Td (year) Tj ET Q q 0 0 0 rg BT 507.52 117.70 Td (. ) Tj ET Q q 0 0 0 rg BT 512.03 117.70 Td (Accordingly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.70 Td (public ) Tj ET Q q 0 0 0 rg BT 77.15 105.70 Td (business ) Tj ET Q q 0 0 0 rg BT 113.19 105.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 144.22 105.70 Td (should ) Tj ET Q q 0 0 0 rg BT 173.04 105.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 197.41 105.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.78 105.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 250.02 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 260.03 105.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 282.18 105.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 299.06 105.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 334.54 105.70 Td (to ) Tj ET Q q 0 0 0 rg BT 344.47 105.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 373.27 105.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 412.08 105.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 443.67 105.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 485.81 105.70 Td (after ) Tj ET Q q 0 0 0 rg BT 506.28 105.70 Td (December ) Tj ET Q q 0 0 0 rg BT 549.52 105.70 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 75.00 93.70 Td (including ) Tj ET Q q 0 0 0 rg BT 115.27 93.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 146.66 93.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 185.81 93.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 217.75 93.70 Td (within ) Tj ET Q q 0 0 0 rg BT 245.81 93.70 Td (that ) Tj ET Q q 0 0 0 rg BT 263.30 93.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 292.46 93.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 331.61 93.70 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.70 Td ( ) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (APPLICA) Tj ET Q q 0 0 0 rg BT 93.70 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 121.76 742.25 Td (OF) Tj ET Q q 0 0 0 rg BT 135.28 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.78 742.25 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 187.24 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.18 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 261.13 742.25 Td (POLICIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.42 720.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 165.82 720.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 720.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.88 720.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 259.96 720.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.62 720.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 317.92 720.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.57 720.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 378.65 720.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 416.49 720.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 463.23 720.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 505.54 720.25 Td (\(GAAP\), ) Tj ET Q q 0 0 0 rg BT 553.68 720.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 103.11 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.46 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.25 708.25 Td (United ) Tj ET Q q 0 0 0 rg BT 158.04 708.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 187.00 708.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 221.78 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.68 708.25 Td (management ) Tj ET Q q 0 0 0 rg BT 291.34 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.70 708.25 Td (make ) Tj ET Q q 0 0 0 rg BT 325.92 708.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 365.71 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.72 708.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 434.74 708.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.31 708.25 Td (af) Tj ET Q q 0 0 0 rg BT 459.89 708.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 477.45 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.24 708.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 528.13 708.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.67 696.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 88.35 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.13 696.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 149.19 696.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 188.08 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.86 696.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 245.30 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.09 696.25 Td (related ) Tj ET Q q 0 0 0 rg BT 293.63 696.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 341.42 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.09 696.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 398.65 696.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.32 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.11 696.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 483.67 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.79 696.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.46 696.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.88 684.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 130.98 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.32 684.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 207.53 684.25 Td (notes. ) Tj ET Q q 0 0 0 rg BT 232.89 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 241.53 684.25 Td (e ) Tj ET Q q 0 0 0 rg BT 247.86 684.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 278.63 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.75 684.25 Td (most ) Tj ET Q q 0 0 0 rg BT 314.09 684.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 350.42 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.75 684.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 403.65 684.25 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 449.71 684.25 Td (because ) Tj ET Q q 0 0 0 rg BT 483.25 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.47 684.25 Td (their ) Tj ET Q q 0 0 0 rg BT 513.69 684.25 Td (significance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.67 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.78 672.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.21 672.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.09 672.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 214.69 672.25 Td (result ) Tj ET Q q 0 0 0 rg BT 239.80 672.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 279.90 672.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.23 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.34 672.25 Td (need ) Tj ET Q q 0 0 0 rg BT 339.11 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.78 672.25 Td (make ) Tj ET Q q 0 0 0 rg BT 374.33 672.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 414.43 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.76 672.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 484.10 672.25 Td (about ) Tj ET Q q 0 0 0 rg BT 509.21 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.32 672.25 Td (ef) Tj ET Q q 0 0 0 rg BT 531.91 672.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 553.68 672.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 81.47 660.25 Td (that ) Tj ET Q q 0 0 0 rg BT 98.51 660.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.75 660.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 155.33 660.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 196.93 660.25 Td (The ) Tj ET Q q 0 0 0 rg BT 214.51 660.25 Td (following ) Tj ET Q q 0 0 0 rg BT 255.44 660.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 301.35 660.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 334.49 660.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 366.52 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.78 660.25 Td (use ) Tj ET Q q 0 0 0 rg BT 396.15 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.52 660.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 440.75 660.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 486.66 660.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 530.35 660.25 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (they ) Tj ET Q q 0 0 0 rg BT 69.90 648.25 Td (are ) Tj ET Q q 0 0 0 rg BT 84.79 648.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 133.56 648.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 177.34 648.25 Td (on ) Tj ET Q q 0 0 0 rg BT 190.02 648.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 229.92 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.04 648.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 299.17 648.25 Td (made ) Tj ET Q q 0 0 0 rg BT 323.51 648.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.19 648.25 Td (management ) Tj ET Q q 0 0 0 rg BT 389.96 648.25 Td (about ) Tj ET Q q 0 0 0 rg BT 414.86 648.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 446.98 648.25 Td (that ) Tj ET Q q 0 0 0 rg BT 464.66 648.25 Td (are ) Tj ET Q q 0 0 0 rg BT 479.55 648.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 519.43 648.25 Td (at ) Tj ET Q q 0 0 0 rg BT 529.33 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.23 648.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.44 636.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 110.53 636.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.96 636.25 Td (are ) Tj ET Q q 0 0 0 rg BT 164.39 636.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 190.77 636.25 Td (In ) Tj ET Q q 0 0 0 rg BT 201.32 636.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 238.81 636.25 Td (while ) Tj ET Q q 0 0 0 rg BT 263.25 636.25 Td (we ) Tj ET Q q 0 0 0 rg BT 277.13 636.25 Td (have ) Tj ET Q q 0 0 0 rg BT 298.23 636.25 Td (used ) Tj ET Q q 0 0 0 rg BT 318.78 636.25 Td (our ) Tj ET Q q 0 0 0 rg BT 334.33 636.25 Td (best ) Tj ET Q q 0 0 0 rg BT 352.66 636.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 392.09 636.25 Td (based ) Tj ET Q q 0 0 0 rg BT 417.08 636.25 Td (on ) Tj ET Q q 0 0 0 rg BT 429.30 636.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 450.40 636.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.06 636.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 525.92 636.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.90 624.25 Td (us ) Tj ET Q q 0 0 0 rg BT 70.92 624.25 Td (at ) Tj ET Q q 0 0 0 rg BT 80.26 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.60 624.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 116.99 624.25 Td (dif) Tj ET Q q 0 0 0 rg BT 127.92 624.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 153.36 624.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 192.69 624.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 238.13 624.25 Td (could ) Tj ET Q q 0 0 0 rg BT 262.47 624.25 Td (have ) Tj ET Q q 0 0 0 rg BT 283.47 624.25 Td (been ) Tj ET Q q 0 0 0 rg BT 304.47 624.25 Td (used ) Tj ET Q q 0 0 0 rg BT 324.92 624.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.83 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.17 624.25 Td (current ) Tj ET Q q 0 0 0 rg BT 379.60 624.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 409.77 624.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.23 624.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 454.56 624.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.46 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.80 624.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.79 624.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.82 612.25 Td (we ) Tj ET Q q 0 0 0 rg BT 82.31 612.25 Td (used ) Tj ET Q q 0 0 0 rg BT 103.47 612.25 Td (are ) Tj ET Q q 0 0 0 rg BT 118.51 612.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 164.65 612.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 190.25 612.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.86 612.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 225.90 612.25 Td (from ) Tj ET Q q 0 0 0 rg BT 248.16 612.25 Td (period ) Tj ET Q q 0 0 0 rg BT 276.54 612.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.15 612.25 Td (period ) Tj ET Q q 0 0 0 rg BT 315.52 612.25 Td (which ) Tj ET Q q 0 0 0 rg BT 342.79 612.25 Td (may ) Tj ET Q q 0 0 0 rg BT 362.83 612.25 Td (have ) Tj ET Q q 0 0 0 rg BT 384.54 612.25 Td (a ) Tj ET Q q 0 0 0 rg BT 391.81 612.25 Td (material ) Tj ET Q q 0 0 0 rg BT 427.39 612.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 457.43 612.25 Td (on ) Tj ET Q q 0 0 0 rg BT 470.26 612.25 Td (our ) Tj ET Q q 0 0 0 rg BT 486.42 612.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.23 612.25 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.11 600.25 Td (results ) Tj ET Q q 0 0 0 rg BT 95.88 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.88 600.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 153.70 600.25 Td (For ) Tj ET Q q 0 0 0 rg BT 170.26 600.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 212.92 600.25 Td (information ) Tj ET Q q 0 0 0 rg BT 262.80 600.25 Td (about ) Tj ET Q q 0 0 0 rg BT 287.68 600.25 Td (these ) Tj ET Q q 0 0 0 rg BT 310.90 600.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 347.17 600.25 Td (see ) Tj ET Q q 0 0 0 rg BT 362.60 600.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 384.71 600.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 392.38 600.25 Td ("Description ) Tj ET Q q 0 0 0 rg BT 445.78 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.78 600.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 495.01 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.11 600.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 553.67 600.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 95.48 588.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 144.19 588.25 Td (Policies" ) Tj ET Q q 0 0 0 rg BT 181.99 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.38 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.65 588.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 229.81 588.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.65 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.92 588.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 306.52 588.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 343.55 588.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 387.82 588.25 Td (in ) Tj ET Q q 0 0 0 rg BT 397.65 588.25 Td (this ) Tj ET Q q 0 0 0 rg BT 414.15 588.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 437.88 588.25 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 462.53 588.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 502.36 588.25 Td (we ) Tj ET Q q 0 0 0 rg BT 516.08 588.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.00 588.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.46 576.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 109.31 576.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 161.89 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.46 576.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 224.26 576.25 Td (are ) Tj ET Q q 0 0 0 rg BT 239.60 576.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 287.99 576.25 Td (they ) Tj ET Q q 0 0 0 rg BT 308.34 576.25 Td (are ) Tj ET Q q 0 0 0 rg BT 323.68 576.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 355.15 576.25 Td (based ) Tj ET Q q 0 0 0 rg BT 381.05 576.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 404.18 576.25 Td (information ) Tj ET Q q 0 0 0 rg BT 454.53 576.25 Td (presently ) Tj ET Q q 0 0 0 rg BT 494.32 576.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 535.35 576.25 Td (Actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 564.25 Td (may ) Tj ET Q q 0 0 0 rg BT 98.33 564.25 Td (dif) Tj ET Q q 0 0 0 rg BT 109.25 564.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 122.85 564.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 175.34 564.25 Td (from ) Tj ET Q q 0 0 0 rg BT 197.28 564.25 Td (these ) Tj ET Q q 0 0 0 rg BT 220.33 564.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 260.04 564.25 Td (under ) Tj ET Q q 0 0 0 rg BT 285.31 564.25 Td (dif) Tj ET Q q 0 0 0 rg BT 296.24 564.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 322.05 564.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 376.50 564.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 420.66 564.25 Td (or ) Tj ET Q q 0 0 0 rg BT 431.49 564.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.16 542.25 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 520.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.61 520.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.57 520.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 188.51 520.25 Td (its ) Tj ET Q q 0 0 0 rg BT 200.03 520.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.64 520.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.92 520.25 Td (from ) Tj ET Q q 0 0 0 rg BT 298.42 520.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 349.37 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.87 520.25 Td (support ) Tj ET Q q 0 0 0 rg BT 397.94 520.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 434.72 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 461.22 520.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 496.61 520.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 547.57 520.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.09 508.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 114.41 508.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 157.18 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.18 508.25 Td (services ) Tj ET Q q 0 0 0 rg BT 201.61 508.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 241.03 508.25 Td (over ) Tj ET Q q 0 0 0 rg BT 261.02 508.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.57 508.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 320.44 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.99 508.25 Td (from ) Tj ET Q q 0 0 0 rg BT 352.65 508.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.71 508.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 385.69 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.91 508.25 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 430.96 508.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 464.82 508.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 505.91 508.25 Td (from ) Tj ET Q q 0 0 0 rg BT 527.57 508.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.45 496.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 136.91 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.15 496.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 196.04 496.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 213.94 496.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.40 496.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 273.37 496.25 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 340.43 496.25 Td (training, ) Tj ET Q q 0 0 0 rg BT 375.84 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.08 496.25 Td (project ) Tj ET Q q 0 0 0 rg BT 421.64 496.25 Td (management ) Tj ET Q q 0 0 0 rg BT 474.53 496.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 511.88 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.46 496.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.34 484.25 Td (installed ) Tj ET Q q 0 0 0 rg BT 106.78 484.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 143.51 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.51 484.25 Td (business ) Tj ET Q q 0 0 0 rg BT 196.96 484.25 Td (process ) Tj ET Q q 0 0 0 rg BT 229.51 484.25 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 279.29 484.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 315.99 484.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 339.66 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.66 484.25 Td (value-added ) Tj ET Q q 0 0 0 rg BT 408.08 484.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 431.19 484.25 Td (are ) Tj ET Q q 0 0 0 rg BT 445.96 484.25 Td (not ) Tj ET Q q 0 0 0 rg BT 461.29 484.25 Td (included ) Tj ET Q q 0 0 0 rg BT 498.29 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.63 484.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 549.22 484.25 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 75.82 472.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.52 472.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 128.00 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 138.83 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.77 472.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 179.38 472.25 Td (until ) Tj ET Q q 0 0 0 rg BT 200.21 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.93 472.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 237.97 472.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 274.36 472.25 Td (are ) Tj ET Q q 0 0 0 rg BT 289.06 472.25 Td (remitted ) Tj ET Q q 0 0 0 rg BT 324.88 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.16 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.88 472.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 392.91 472.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 420.41 472.25 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 450.25 Td (In ) Tj ET Q q 0 0 0 rg BT 110.48 450.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 158.59 450.25 Td (with ) Tj ET Q q 0 0 0 rg BT 179.51 450.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 219.18 450.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 268.98 450.25 Td (Standard ) Tj ET Q q 0 0 0 rg BT 307.68 450.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 335.27 450.25 Td (\(F) Tj ET Q q 0 0 0 rg BT 343.42 450.25 Td (ASB\)and ) Tj ET Q q 0 0 0 rg BT 386.29 450.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 428.87 450.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.45 450.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 489.03 450.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 542.74 450.25 Td (Staf) Tj ET Q q 0 0 0 rg BT 558.67 450.25 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 100.18 438.25 Td (\(SEC\)accounting ) Tj ET Q q 0 0 0 rg BT 175.07 438.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 214.69 438.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.21 438.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 263.38 438.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 312.45 438.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.19 438.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.60 438.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 411.89 438.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 447.06 438.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 477.22 438.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.19 438.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 537.57 438.25 Td (when: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.25 Td (\(a\)persuasive ) Tj ET Q q 0 0 0 rg BT 108.52 426.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 146.77 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.81 426.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.74 426.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 194.89 426.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 247.58 426.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 275.57 426.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 289.94 426.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.87 426.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 357.56 426.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 372.48 426.25 Td (is ) Tj ET Q q 0 0 0 rg BT 381.86 426.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 405.12 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 416.17 426.25 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 473.58 426.25 Td (\(c\)service ) Tj ET Q q 0 0 0 rg BT 518.21 426.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 553.68 426.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 104.19 414.25 Td (has ) Tj ET Q q 0 0 0 rg BT 121.19 414.25 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 162.34 414.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 177.67 414.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 217.99 414.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 265.51 414.25 Td (has ) Tj ET Q q 0 0 0 rg BT 282.51 414.25 Td (been ) Tj ET Q q 0 0 0 rg BT 305.05 414.25 Td (received, ) Tj ET Q q 0 0 0 rg BT 345.09 414.25 Td (if ) Tj ET Q q 0 0 0 rg BT 354.86 414.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 410.73 414.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 450.21 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.32 414.25 Td (\(e\)collectability ) Tj ET Q q 0 0 0 rg BT 537.79 414.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 414.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 104.03 402.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 120.30 402.25 Td (is ) Tj ET Q q 0 0 0 rg BT 131.03 402.25 Td (probable. ) Tj ET Q q 0 0 0 rg BT 172.28 402.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.89 402.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.84 402.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 273.89 402.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 295.17 402.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 325.34 402.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 373.82 402.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 423.42 402.25 Td (as ) Tj ET Q q 0 0 0 rg BT 435.81 402.25 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 482.08 402.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 521.67 402.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.06 402.25 Td (a ) Tj ET Q q 0 0 0 rg BT 542.56 402.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 104.75 390.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.39 390.25 Td (e ) Tj ET Q q 0 0 0 rg BT 120.29 390.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 144.97 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.64 390.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 203.77 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.56 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.24 390.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 263.90 390.25 Td (F) Tj ET Q q 0 0 0 rg BT 268.72 390.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 290.63 390.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 336.97 390.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 405.52 390.25 Td (when ) Tj ET Q q 0 0 0 rg BT 429.64 390.25 Td (making ) Tj ET Q q 0 0 0 rg BT 462.09 390.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 501.77 390.25 Td (or ) Tj ET Q q 0 0 0 rg BT 512.56 390.25 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.25 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.08 378.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 138.89 378.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 179.27 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.53 378.25 Td (license ) Tj ET Q q 0 0 0 rg BT 223.34 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.72 378.25 Td (software ) Tj ET Q q 0 0 0 rg BT 270.20 378.25 Td (where ) Tj ET Q q 0 0 0 rg BT 296.67 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.94 378.25 Td (software ) Tj ET Q q 0 0 0 rg BT 347.41 378.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 397.77 378.25 Td (are ) Tj ET Q q 0 0 0 rg BT 412.03 378.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 457.39 378.25 Td (more ) Tj ET Q q 0 0 0 rg BT 479.98 378.25 Td (than ) Tj ET Q q 0 0 0 rg BT 499.25 378.25 Td (inconsequential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.42 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 366.25 Td (other ) Tj ET Q q 0 0 0 rg BT 98.48 366.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 136.67 366.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.09 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.96 366.25 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 217.08 366.25 Td (For ) Tj ET Q q 0 0 0 rg BT 233.61 366.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 272.35 366.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.00 366.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 322.08 366.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 358.05 366.25 Td (deliverables, ) Tj ET Q q 0 0 0 rg BT 411.51 366.25 Td (we ) Tj ET Q q 0 0 0 rg BT 425.82 366.25 Td (analyze ) Tj ET Q q 0 0 0 rg BT 458.99 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.86 366.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 508.15 366.25 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.01 354.25 Td (making ) Tj ET Q q 0 0 0 rg BT 104.35 354.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 142.91 354.25 Td (or ) Tj ET Q q 0 0 0 rg BT 152.59 354.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 203.39 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.52 354.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 258.83 354.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.96 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.52 354.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 338.40 354.25 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 390.29 354.25 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 430.23 354.25 Td (which ) Tj ET Q q 0 0 0 rg BT 456.02 354.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 491.81 354.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 521.47 354.25 Td (governing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td (how ) Tj ET Q q 0 0 0 rg BT 69.53 342.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.62 342.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 121.91 342.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 156.42 342.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 182.62 342.25 Td (or ) Tj ET Q q 0 0 0 rg BT 193.26 342.25 Td (services ) Tj ET Q q 0 0 0 rg BT 227.78 342.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.08 342.25 Td (are ) Tj ET Q q 0 0 0 rg BT 259.60 342.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 299.11 342.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 341.95 342.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.03 342.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.78 342.25 Td (bundled ) Tj ET Q q 0 0 0 rg BT 393.31 342.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 415.05 342.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 467.33 342.25 Td (should ) Tj ET Q q 0 0 0 rg BT 496.31 342.25 Td (be ) Tj ET Q q 0 0 0 rg BT 508.06 342.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 553.68 342.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 85.25 330.25 Td (units ) Tj ET Q q 0 0 0 rg BT 107.20 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.03 330.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 164.40 330.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.56 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.28 330.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 227.44 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.27 330.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.42 330.25 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 322.96 330.25 Td (Deliverables ) Tj ET Q q 0 0 0 rg BT 375.99 330.25 Td (are ) Tj ET Q q 0 0 0 rg BT 390.70 330.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 433.73 330.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.89 330.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 490.92 330.25 Td (if ) Tj ET Q q 0 0 0 rg BT 499.53 330.25 Td (they ) Tj ET Q q 0 0 0 rg BT 519.25 330.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 541.18 330.25 Td (all ) Tj ET Q q 0 0 0 rg BT 553.68 330.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 318.25 Td (following ) Tj ET Q q 0 0 0 rg BT 106.60 318.25 Td (criteria: ) Tj ET Q q 0 0 0 rg BT 140.43 318.25 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 168.99 318.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 208.94 318.25 Td (item ) Tj ET Q q 0 0 0 rg BT 229.46 318.25 Td (has ) Tj ET Q q 0 0 0 rg BT 245.54 318.25 Td (value ) Tj ET Q q 0 0 0 rg BT 269.94 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.47 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.43 318.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 334.83 318.25 Td (on ) Tj ET Q q 0 0 0 rg BT 347.58 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.76 318.25 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 403.60 318.25 Td (basis; ) Tj ET Q q 0 0 0 rg BT 429.13 318.25 Td (\(b\)there ) Tj ET Q q 0 0 0 rg BT 466.02 318.25 Td (is ) Tj ET Q q 0 0 0 rg BT 475.44 318.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 514.83 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.02 318.25 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 88.56 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.92 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.17 306.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 132.08 306.25 Td (value ) Tj ET Q q 0 0 0 rg BT 156.76 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.12 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.37 306.25 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 233.60 306.25 Td (items; ) Tj ET Q q 0 0 0 rg BT 261.07 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.54 306.25 Td (\(c\)if ) Tj ET Q q 0 0 0 rg BT 301.28 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.52 306.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 369.52 306.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 405.88 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.35 306.25 Td (general ) Tj ET Q q 0 0 0 rg BT 445.80 306.25 Td (right ) Tj ET Q q 0 0 0 rg BT 467.72 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.08 306.25 Td (return ) Tj ET Q q 0 0 0 rg BT 505.98 306.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 538.99 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 306.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 89.70 294.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 116.37 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.08 294.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 166.35 294.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.18 294.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 230.20 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.03 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.75 294.25 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 305.45 294.25 Td (items ) Tj ET Q q 0 0 0 rg BT 329.61 294.25 Td (is ) Tj ET Q q 0 0 0 rg BT 338.78 294.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 376.27 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.21 294.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 446.26 294.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 489.30 294.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.80 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.52 294.25 Td (Company) Tj ET Q q 0 0 0 rg BT 554.76 294.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 272.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.35 272.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.03 272.25 Td (begins ) Tj ET Q q 0 0 0 rg BT 184.94 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.51 272.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 235.17 272.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 268.62 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 289.85 272.25 Td (license ) Tj ET Q q 0 0 0 rg BT 319.42 272.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 337.31 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 350.77 272.25 Td (its ) Tj ET Q q 0 0 0 rg BT 362.02 272.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 401.57 272.25 Td (\(SAAS\) ) Tj ET Q q 0 0 0 rg BT 435.60 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.44 272.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 469.41 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.21 272.25 Td (products ) Tj ET Q q 0 0 0 rg BT 507.44 272.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 529.24 272.25 Td (delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.02 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.81 260.25 Td (customer) Tj ET Q q 0 0 0 rg BT 116.84 260.25 Td () Tj ET Q q 0 0 0 rg BT 119.62 260.25 Td (s ) Tj ET Q q 0 0 0 rg BT 125.09 260.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 170.52 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.43 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.22 260.25 Td (software ) Tj ET Q q 0 0 0 rg BT 230.23 260.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 294.58 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.59 260.25 Td (customizations ) Tj ET Q q 0 0 0 rg BT 372.16 260.25 Td (if ) Tj ET Q q 0 0 0 rg BT 379.85 260.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 420.30 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.32 260.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 481.37 260.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.13 260.25 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 529.80 260.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 65.46 248.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 100.36 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 115.27 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.74 248.25 Td (use ) Tj ET Q q 0 0 0 rg BT 147.32 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.90 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.48 248.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 220.38 248.25 Td (or ) Tj ET Q q 0 0 0 rg BT 231.25 248.25 Td (ASP) Tj ET Q q 0 0 0 rg BT 249.22 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.47 248.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 294.05 248.25 Td (is ) Tj ET Q q 0 0 0 rg BT 303.97 248.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 351.08 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 362.67 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.13 248.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 429.15 248.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 454.61 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.30 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.76 248.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 528.21 248.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 554.24 248.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (arrears. ) Tj ET Q q 0 0 0 rg BT 81.56 236.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 113.41 236.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 131.37 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.89 236.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 176.20 236.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 231.93 236.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.00 236.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 291.72 236.25 Td (over ) Tj ET Q q 0 0 0 rg BT 311.35 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.43 236.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 361.73 236.25 Td (service ) Tj ET Q q 0 0 0 rg BT 391.91 236.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 421.82 236.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 458.67 236.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 490.52 236.25 Td (from ) Tj ET Q q 0 0 0 rg BT 511.82 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.90 236.25 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 224.25 Td (third ) Tj ET Q q 0 0 0 rg BT 81.47 224.25 Td (party ) Tj ET Q q 0 0 0 rg BT 104.14 224.25 Td (software ) Tj ET Q q 0 0 0 rg BT 140.69 224.25 Td (products ) Tj ET Q q 0 0 0 rg BT 177.26 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.16 224.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 233.16 224.25 Td (with ) Tj ET Q q 0 0 0 rg BT 253.06 224.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 274.63 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.08 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.43 224.25 Td (Company) Tj ET Q q 0 0 0 rg BT 341.09 224.25 Td (s ) Tj ET Q q 0 0 0 rg BT 347.11 224.25 Td (software ) Tj ET Q q 0 0 0 rg BT 383.66 224.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 417.44 224.25 Td (is ) Tj ET Q q 0 0 0 rg BT 426.24 224.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.23 224.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.35 224.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 529.24 224.25 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.47 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.38 212.25 Td (Company) Tj ET Q q 0 0 0 rg BT 125.05 212.25 Td (s ) Tj ET Q q 0 0 0 rg BT 130.63 212.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 165.09 212.25 Td (software ) Tj ET Q q 0 0 0 rg BT 201.22 212.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 239.73 212.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.48 212.25 Td (raining, ) Tj ET Q q 0 0 0 rg BT 278.00 212.25 Td (data ) Tj ET Q q 0 0 0 rg BT 296.35 212.25 Td (conversion, ) Tj ET Q q 0 0 0 rg BT 344.42 212.25 Td (installation, ) Tj ET Q q 0 0 0 rg BT 393.06 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.19 212.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 452.55 212.25 Td (services ) Tj ET Q q 0 0 0 rg BT 486.45 212.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 504.24 212.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.14 212.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.06 200.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 95.44 200.25 Td (when ) Tj ET Q q 0 0 0 rg BT 119.83 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.78 200.25 Td (services ) Tj ET Q q 0 0 0 rg BT 169.72 200.25 Td (are ) Tj ET Q q 0 0 0 rg BT 184.66 200.25 Td (performed. ) Tj ET Q q 0 0 0 rg BT 231.54 200.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 269.25 200.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.65 200.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 336.90 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.07 200.25 Td (support ) Tj ET Q q 0 0 0 rg BT 386.81 200.25 Td (services ) Tj ET Q q 0 0 0 rg BT 421.75 200.25 Td (is ) Tj ET Q q 0 0 0 rg BT 431.15 200.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 477.74 200.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 508.24 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 528.74 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.69 200.25 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.59 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.07 188.25 Td (support ) Tj ET Q q 0 0 0 rg BT 110.32 188.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 157.72 188.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 199.86 188.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 233.11 188.25 Td (from ) Tj ET Q q 0 0 0 rg BT 255.80 188.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 282.39 188.25 Td (setup ) Tj ET Q q 0 0 0 rg BT 306.76 188.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.35 188.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 367.15 188.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 386.51 188.25 Td (are ) Tj ET Q q 0 0 0 rg BT 401.98 188.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 449.10 188.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 480.12 188.25 Td (over ) Tj ET Q q 0 0 0 rg BT 501.15 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.62 188.25 Td (term ) Tj ET Q q 0 0 0 rg BT 538.21 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 188.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.14 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.42 176.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 151.88 176.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.16 176.25 Td (F) Tj ET Q q 0 0 0 rg BT 176.98 176.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 198.93 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.87 176.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 236.71 176.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 283.08 176.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 321.67 176.25 Td (on ) Tj ET Q q 0 0 0 rg BT 334.17 176.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 368.32 176.25 Td (recognition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 154.25 Td (Software ) Tj ET Q q 0 0 0 rg BT 137.77 154.25 Td (development ) Tj ET Q q 0 0 0 rg BT 192.10 154.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 248.64 154.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 289.65 154.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 334.54 154.25 Td (customization, ) Tj ET Q q 0 0 0 rg BT 395.81 154.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 449.59 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.59 154.25 Td (production ) Tj ET Q q 0 0 0 rg BT 506.59 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 521.48 154.25 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.82 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 75.75 142.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 123.87 142.25 Td (with ) Tj ET Q q 0 0 0 rg BT 144.81 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.19 142.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 208.88 142.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 248.12 142.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 295.15 142.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 334.41 142.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 362.56 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.72 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.10 142.25 Td (F) Tj ET Q q 0 0 0 rg BT 395.92 142.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 418.53 142.25 Td (using ) Tj ET Q q 0 0 0 rg BT 443.36 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.73 142.25 Td (percentage-of-completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 85.07 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.39 130.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.05 130.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 190.57 130.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 224.99 130.25 Td (using ) Tj ET Q q 0 0 0 rg BT 249.43 130.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 284.97 130.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 321.06 130.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 347.70 130.25 Td (hours ) Tj ET Q q 0 0 0 rg BT 372.69 130.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 405.46 130.25 Td (as ) Tj ET Q q 0 0 0 rg BT 416.56 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.77 130.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 469.84 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.95 130.25 Td (total ) Tj ET Q q 0 0 0 rg BT 501.49 130.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 539.80 130.25 Td (hours ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.09 118.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 135.24 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 118.25 Td (project ) Tj ET Q q 0 0 0 rg BT 180.22 118.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 232.70 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.63 118.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 280.46 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.18 118.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 340.98 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.25 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.97 118.25 Td (total ) Tj ET Q q 0 0 0 rg BT 386.25 118.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 438.72 118.25 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 96.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 136.86 96.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 170.83 96.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 206.49 96.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 247.14 96.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.80 96.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 290.13 96.25 Td (that ) Tj ET Q q 0 0 0 rg BT 307.46 96.25 Td (have ) Tj ET Q q 0 0 0 rg BT 328.66 96.25 Td (been ) Tj ET Q q 0 0 0 rg BT 349.87 96.25 Td (received ) Tj ET Q q 0 0 0 rg BT 386.06 96.25 Td (or ) Tj ET Q q 0 0 0 rg BT 396.72 96.25 Td (made ) Tj ET Q q 0 0 0 rg BT 420.70 96.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 442.47 96.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.58 96.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 505.43 96.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 524.70 96.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 96.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 77.12 84.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 98.42 84.25 Td (collections ) Tj ET Q q 0 0 0 rg BT 145.26 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.23 84.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.96 84.25 Td (pertain ) Tj ET Q q 0 0 0 rg BT 235.25 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.56 84.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 300.61 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.57 84.25 Td (support ) Tj ET Q q 0 0 0 rg BT 352.10 84.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 374.22 84.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 401.08 84.25 Td (setup ) Tj ET Q q 0 0 0 rg BT 425.71 84.25 Td (or ) Tj ET Q q 0 0 0 rg BT 437.57 84.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 486.64 84.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 506.26 84.25 Td (under ) Tj ET Q q 0 0 0 rg BT 532.55 84.25 Td (hosting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 100.09 72.25 Td (software ) Tj ET Q q 0 0 0 rg BT 136.58 72.25 Td (license ) Tj ET Q q 0 0 0 rg BT 166.41 72.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 184.57 72.25 Td (received ) Tj ET Q q 0 0 0 rg BT 220.50 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.34 72.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 265.15 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.54 72.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 310.37 72.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.87 72.25 Td (acceptance, ) Tj ET Q q 0 0 0 rg BT 375.28 72.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.78 72.25 Td (software ) Tj ET Q q 0 0 0 rg BT 428.27 72.25 Td (development ) Tj ET Q q 0 0 0 rg BT 481.98 72.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 500.14 72.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 519.42 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 529.26 72.25 Td (advance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 60.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 108.32 60.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.26 60.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 157.37 60.25 Td (.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 96.94 742.25 Td (for) Tj ET Q q 0 0 0 rg BT 109.53 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.03 742.25 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 152.32 742.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 194.26 742.25 Td (Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 154.54 720.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 203.96 720.25 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 241.72 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.27 720.25 Td (aging ) Tj ET Q q 0 0 0 rg BT 282.82 720.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.49 720.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 332.81 720.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 377.22 720.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.00 720.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 435.54 720.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 453.32 720.25 Td (debts, ) Tj ET Q q 0 0 0 rg BT 480.26 720.25 Td (write-of) Tj ET Q q 0 0 0 rg BT 512.29 720.25 Td (fs, ) Tj ET Q q 0 0 0 rg BT 525.34 720.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (concentrations, ) Tj ET Q q 0 0 0 rg BT 115.14 708.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 156.13 708.25 Td (credit-worthiness, ) Tj ET Q q 0 0 0 rg BT 232.39 708.25 Td (current ) Tj ET Q q 0 0 0 rg BT 265.04 708.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 308.24 708.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 339.51 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.29 708.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 394.83 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.94 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 424.60 708.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 465.59 708.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 504.35 708.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 540.34 708.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 94.15 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.87 696.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 149.12 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.95 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 696.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 217.70 696.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.86 696.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 268.25 696.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 305.73 696.25 Td (receivable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 674.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.30 674.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 93.81 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.64 674.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 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592.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 102.62 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.25 592.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.22 592.25 Td (first ) Tj ET Q q 0 0 0 rg BT 179.41 592.25 Td (assesses ) Tj ET Q q 0 0 0 rg BT 214.26 592.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 243.55 592.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 287.83 592.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 317.12 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.98 592.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 369.04 592.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 403.33 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.63 592.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 456.92 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.33 592.25 Td (events ) Tj ET Q q 0 0 0 rg BT 494.96 592.25 Td (or ) Tj ET Q q 0 0 0 rg BT 505.37 592.25 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (would ) Tj ET Q q 0 0 0 rg BT 77.47 580.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 111.60 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 129.07 580.25 Td (it ) Tj ET Q q 0 0 0 rg BT 137.10 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.25 580.25 Td (more ) Tj ET Q q 0 0 0 rg BT 169.27 580.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 194.51 580.25 Td (than ) Tj ET Q q 0 0 0 rg BT 214.21 580.25 Td (not ) Tj ET Q q 0 0 0 rg BT 229.46 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.93 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.62 580.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.97 580.25 Td (value ) Tj ET Q q 0 0 0 rg BT 302.10 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.91 580.25 Td (any ) Tj ET Q q 0 0 0 rg BT 329.82 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.62 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.43 580.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 395.56 580.25 Td (units ) Tj ET Q q 0 0 0 rg BT 417.48 580.25 Td (was ) Tj ET Q q 0 0 0 rg BT 435.51 580.25 Td (less ) Tj ET Q q 0 0 0 rg BT 452.98 580.25 Td (than ) Tj ET Q q 0 0 0 rg BT 472.67 580.25 Td (its ) Tj ET Q q 0 0 0 rg BT 484.60 580.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.39 580.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 555.36 580.25 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.80 568.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 110.51 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.21 568.25 Td (totality ) Tj ET Q q 0 0 0 rg BT 156.03 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.85 568.25 Td (events ) Tj ET Q q 0 0 0 rg BT 194.88 568.25 Td (or ) Tj ET Q q 0 0 0 rg BT 205.70 568.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 267.33 568.25 Td (we ) Tj ET Q q 0 0 0 rg BT 281.47 568.25 Td (were ) Tj ET Q q 0 0 0 rg BT 303.39 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.65 568.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 356.12 568.25 Td (that ) Tj ET Q q 0 0 0 rg BT 373.60 568.25 Td (it ) Tj ET Q q 0 0 0 rg BT 381.65 568.25 Td (is ) Tj ET Q q 0 0 0 rg BT 390.80 568.25 Td (more ) Tj ET Q q 0 0 0 rg BT 413.84 568.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 439.10 568.25 Td (than ) Tj ET Q q 0 0 0 rg BT 458.80 568.25 Td (not ) Tj ET Q q 0 0 0 rg BT 474.07 568.25 Td (that ) Tj ET Q q 0 0 0 rg BT 491.55 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.25 568.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 522.62 568.25 Td (value ) Tj ET Q q 0 0 0 rg BT 546.76 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 568.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.87 556.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 108.64 556.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.52 556.25 Td (less ) Tj ET Q q 0 0 0 rg BT 136.73 556.25 Td (than ) Tj ET Q q 0 0 0 rg BT 157.16 556.25 Td (its ) Tj ET Q q 0 0 0 rg BT 169.82 556.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.35 556.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 242.06 556.25 Td (then ) Tj ET Q q 0 0 0 rg BT 262.49 556.25 Td (we ) Tj ET Q q 0 0 0 rg BT 277.36 556.25 Td (would ) Tj ET Q q 0 0 0 rg BT 305.58 556.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 341.00 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.43 556.25 Td (two-step ) Tj ET Q q 0 0 0 rg BT 394.08 556.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 444.50 556.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 493.81 556.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 523.69 556.25 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (further ) Tj ET Q q 0 0 0 rg BT 79.71 544.25 Td (below) Tj ET Q q 0 0 0 rg BT 103.50 544.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 520.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.93 520.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 169.06 520.25 Td (two-step ) Tj ET Q q 0 0 0 rg BT 205.88 520.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 255.47 520.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 284.52 520.25 Td (process ) Tj ET Q q 0 0 0 rg BT 316.89 520.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 353.16 520.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 398.31 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.91 520.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.95 520.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 469.89 520.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 505.58 520.25 Td (values ) Tj ET Q q 0 0 0 rg BT 533.51 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 520.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.28 508.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.90 508.25 Td (values; ) Tj ET Q q 0 0 0 rg BT 137.98 508.25 Td (we ) Tj ET Q q 0 0 0 rg BT 151.38 508.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 193.11 508.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.73 508.25 Td (value ) Tj ET Q q 0 0 0 rg BT 232.14 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.21 508.25 Td (our ) Tj ET Q q 0 0 0 rg BT 257.29 508.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 295.69 508.25 Td (units ) Tj ET Q q 0 0 0 rg BT 316.89 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 328.64 508.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 365.38 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.34 508.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 424.41 508.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.93 508.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 464.01 508.25 Td (method ) Tj ET Q q 0 0 0 rg BT 495.75 508.25 Td (using ) Tj ET Q q 0 0 0 rg BT 519.17 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 508.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.24 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.15 496.25 Td (future ) Tj ET Q q 0 0 0 rg BT 111.61 496.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.51 496.25 Td (net ) Tj ET Q q 0 0 0 rg BT 167.31 496.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.67 496.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 214.97 496.25 Td (If ) Tj ET Q q 0 0 0 rg BT 224.21 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.01 496.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.47 496.25 Td (value ) Tj ET Q q 0 0 0 rg BT 279.71 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.63 496.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.65 496.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 336.88 496.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 355.02 496.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 389.25 496.25 Td (its ) Tj ET Q q 0 0 0 rg BT 401.28 496.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 437.18 496.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 463.92 496.25 Td (then ) Tj ET Q q 0 0 0 rg BT 483.72 496.25 Td (no ) Tj ET Q q 0 0 0 rg BT 496.30 496.25 Td (further ) Tj ET Q q 0 0 0 rg BT 526.09 496.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 555.34 496.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 88.19 484.25 Td (However) Tj ET Q q 0 0 0 rg BT 124.44 484.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.32 484.25 Td (if ) Tj ET Q q 0 0 0 rg BT 137.80 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.62 484.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 183.65 484.25 Td (unit) Tj ET Q q 0 0 0 rg BT 201.99 484.25 Td (s ) Tj ET Q q 0 0 0 rg BT 208.26 484.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 224.51 484.25 Td (value ) Tj ET Q q 0 0 0 rg BT 248.54 484.25 Td (were ) Tj ET Q q 0 0 0 rg BT 270.35 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.50 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 292.32 484.25 Td (less ) Tj ET Q q 0 0 0 rg BT 309.70 484.25 Td (than ) Tj ET Q q 0 0 0 rg BT 329.29 484.25 Td (its ) Tj ET Q q 0 0 0 rg BT 341.11 484.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 376.81 484.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 403.34 484.25 Td (we ) Tj ET Q q 0 0 0 rg BT 417.38 484.25 Td (would ) Tj ET Q q 0 0 0 rg BT 444.75 484.25 Td (then ) Tj ET Q q 0 0 0 rg BT 464.35 484.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 506.70 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.30 484.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.67 484.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 472.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.06 472.25 Td (char) Tj ET Q q 0 0 0 rg BT 131.08 472.25 Td (ge, ) Tj ET Q q 0 0 0 rg BT 145.89 472.25 Td (if ) Tj ET Q q 0 0 0 rg BT 154.87 472.25 Td (any) Tj ET Q q 0 0 0 rg BT 168.66 472.25 Td (, ) Tj ET Q q 0 0 0 rg BT 174.03 472.25 Td (which ) Tj ET Q q 0 0 0 rg BT 201.34 472.25 Td (would ) Tj ET Q q 0 0 0 rg BT 229.21 472.25 Td (be ) Tj ET Q q 0 0 0 rg BT 241.52 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 472.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 289.48 472.25 Td (that ) Tj ET Q q 0 0 0 rg BT 307.34 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.43 472.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 358.62 472.25 Td (value ) Tj ET Q q 0 0 0 rg BT 383.14 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.35 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 472.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 448.96 472.25 Td (unit) Tj ET Q q 0 0 0 rg BT 467.29 472.25 Td (s ) Tj ET Q q 0 0 0 rg BT 474.06 472.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 512.49 472.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 552.55 472.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 83.73 460.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 110.84 460.25 Td (W) Tj ET Q q 0 0 0 rg BT 119.48 460.25 Td (e ) Tj ET Q q 0 0 0 rg BT 127.09 460.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 162.48 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.99 460.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 208.83 460.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 247.56 460.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 296.84 460.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 341.67 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.29 460.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 389.14 460.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.65 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.16 460.25 Td (September ) Tj ET Q q 0 0 0 rg BT 458.10 460.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 471.28 460.25 Td (each ) Tj ET Q q 0 0 0 rg BT 492.78 460.25 Td (year) Tj ET Q q 0 0 0 rg BT 509.43 460.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.11 460.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.62 460.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 549.80 460.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.64 448.25 Td (residing ) Tj ET Q q 0 0 0 rg BT 123.94 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.80 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.10 448.25 Td (Broker ) Tj ET Q q 0 0 0 rg BT 180.95 448.25 Td (Systems ) Tj ET Q q 0 0 0 rg BT 217.37 448.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 257.11 448.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 275.75 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.27 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.57 448.25 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 339.97 448.25 Td (Systems ) Tj ET Q q 0 0 0 rg BT 376.39 448.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 416.13 448.25 Td (unit, ) Tj ET Q q 0 0 0 rg BT 437.27 448.25 Td (were ) Tj ET Q q 0 0 0 rg BT 459.78 448.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 501.17 448.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 448.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (based ) Tj ET Q q 0 0 0 rg BT 76.14 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 89.52 436.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.33 436.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 150.14 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.85 436.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.42 436.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 238.00 436.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 271.08 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.90 436.25 Td (were ) Tj ET Q q 0 0 0 rg BT 311.70 436.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 360.05 436.25 Td (not ) Tj ET Q q 0 0 0 rg BT 376.21 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.36 436.25 Td (have ) Tj ET Q q 0 0 0 rg BT 409.61 436.25 Td (been ) Tj ET Q q 0 0 0 rg BT 431.86 436.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 475.78 436.25 Td (In ) Tj ET Q q 0 0 0 rg BT 487.48 436.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.85 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 436.25 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (residing ) Tj ET Q q 0 0 0 rg BT 84.20 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.95 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.15 424.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 149.55 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.53 424.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 190.17 424.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 207.70 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.12 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.31 424.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 258.63 424.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 308.93 424.25 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 348.70 424.25 Td (\("RCS"\) ) Tj ET Q q 0 0 0 rg BT 384.40 424.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 423.04 424.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 440.57 424.25 Td (were ) Tj ET Q q 0 0 0 rg BT 461.98 424.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 502.27 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 424.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (using ) Tj ET Q q 0 0 0 rg BT 74.41 412.25 Td (step-one ) Tj ET Q q 0 0 0 rg BT 111.03 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.11 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.07 412.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 187.02 412.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 216.42 412.25 Td (process ) Tj ET Q q 0 0 0 rg BT 249.16 412.25 Td (described ) Tj ET Q q 0 0 0 rg BT 290.22 412.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 319.14 412.25 Td (The ) Tj ET Q q 0 0 0 rg BT 337.43 412.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.05 412.25 Td (value ) Tj ET Q q 0 0 0 rg BT 378.45 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.52 412.25 Td (both ) Tj ET Q q 0 0 0 rg BT 410.04 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.12 412.25 Td (these ) Tj ET Q q 0 0 0 rg BT 444.41 412.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.80 412.25 Td (units ) Tj ET Q q 0 0 0 rg BT 506.00 412.25 Td (were ) Tj ET Q q 0 0 0 rg BT 528.17 412.25 Td (found ) Tj ET Q q 0 0 0 rg BT 554.24 412.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.43 400.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 91.18 400.25 Td (than ) Tj ET Q q 0 0 0 rg BT 110.40 400.25 Td (their ) Tj ET Q q 0 0 0 rg BT 130.72 400.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 166.03 400.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 192.18 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.62 400.25 Td (thusly ) Tj ET Q q 0 0 0 rg BT 235.06 400.25 Td (there ) Tj ET Q q 0 0 0 rg BT 257.04 400.25 Td (was ) Tj ET Q q 0 0 0 rg BT 274.59 400.25 Td (no ) Tj ET Q q 0 0 0 rg BT 286.59 400.25 Td (need ) Tj ET Q q 0 0 0 rg BT 307.46 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.23 400.25 Td (proceed ) Tj ET Q q 0 0 0 rg BT 350.88 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.65 400.25 Td (step-two, ) Tj ET Q q 0 0 0 rg BT 399.58 400.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.91 400.25 Td (there ) Tj ET Q q 0 0 0 rg BT 431.89 400.25 Td (was ) Tj ET Q q 0 0 0 rg BT 449.44 400.25 Td (no ) Tj ET Q q 0 0 0 rg BT 461.44 400.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 509.53 400.25 Td (indicated.In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 84.37 388.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 117.08 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.14 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.64 388.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 165.26 388.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 216.86 388.25 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 257.93 388.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 297.86 388.25 Td (unit, ) Tj ET Q q 0 0 0 rg BT 319.20 388.25 Td (its ) Tj ET Q q 0 0 0 rg BT 331.93 388.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 369.09 388.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.25 388.25 Td (value ) Tj ET Q q 0 0 0 rg BT 411.18 388.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.02 388.25 Td ($130.0 ) Tj ET Q q 0 0 0 rg BT 460.80 388.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.69 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.97 388.25 Td (which ) Tj ET Q q 0 0 0 rg BT 520.69 388.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 388.25 Td ($36.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.61 376.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.66 376.25 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.99 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.20 376.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 153.02 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.06 376.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.23 376.25 Td ($93.2 ) Tj ET Q q 0 0 0 rg BT 201.45 376.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.34 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.05 376.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 269.09 376.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 295.96 376.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 315.34 376.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 367.50 376.25 Td (used ) Tj ET Q q 0 0 0 rg BT 388.55 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.05 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.98 376.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.57 376.25 Td (value ) Tj ET Q q 0 0 0 rg BT 454.95 376.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 513.20 376.25 Td (were ) Tj ET Q q 0 0 0 rg BT 535.35 376.25 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.54 364.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 115.76 364.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.98 364.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.31 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.20 364.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.87 364.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.20 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.09 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.42 364.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 229.19 364.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 247.07 364.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.29 364.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.62 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 282.01 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 284.26 364.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.93 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.82 364.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 338.93 364.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 379.58 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.25 364.25 Td (future ) Tj ET Q q 0 0 0 rg BT 417.02 364.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 455.45 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.00 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.10 364.25 Td (RCS ) Tj ET Q q 0 0 0 rg BT 506.90 364.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.44 364.25 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (would ) Tj ET Q q 0 0 0 rg BT 77.06 352.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 120.77 352.25 Td (af) Tj ET Q q 0 0 0 rg BT 128.36 352.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.41 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.69 352.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 175.63 352.25 Td (value ) Tj ET Q q 0 0 0 rg BT 199.34 352.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 256.94 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 270.67 352.25 Td (this ) Tj ET Q q 0 0 0 rg BT 287.18 352.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 304.79 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.30 352.25 Td (may ) Tj ET Q q 0 0 0 rg BT 340.57 352.25 Td (result ) Tj ET Q q 0 0 0 rg BT 364.85 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.69 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 386.19 352.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 434.35 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.19 352.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 481.81 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.31 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 504.81 352.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 340.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 78.72 340.25 Td (against ) Tj ET Q q 0 0 0 rg BT 109.30 340.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 147.93 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.19 340.25 Td (During ) Tj ET Q q 0 0 0 rg BT 180.77 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.24 340.25 Td (years ) Tj ET Q q 0 0 0 rg BT 218.60 340.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 244.73 340.25 Td (December ) Tj ET Q q 0 0 0 rg BT 288.07 340.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 302.82 340.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 327.58 340.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 349.83 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.53 340.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 391.28 340.25 Td (we ) Tj ET Q q 0 0 0 rg BT 405.20 340.25 Td (had ) Tj ET Q q 0 0 0 rg BT 421.89 340.25 Td (no ) Tj ET Q q 0 0 0 rg BT 434.14 340.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 482.50 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.08 340.25 Td (any ) Tj ET Q q 0 0 0 rg BT 509.78 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.36 340.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 68.06 328.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 106.11 328.25 Td (balances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 304.25 Td (Projections ) Tj ET Q q 0 0 0 rg BT 133.63 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.59 304.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.99 304.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 189.85 304.25 Td (are ) Tj ET Q q 0 0 0 rg BT 204.69 304.25 Td (based ) Tj ET Q q 0 0 0 rg BT 230.09 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 242.72 304.25 Td (our ) Tj ET Q q 0 0 0 rg BT 258.69 304.25 Td (views ) Tj ET Q q 0 0 0 rg BT 284.65 304.25 Td (ofrevenuegrowth ) Tj ET Q q 0 0 0 rg BT 360.59 304.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 384.60 304.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.00 304.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 450.13 304.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 496.63 304.25 Td (future ) Tj ET Q q 0 0 0 rg BT 523.14 304.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 97.07 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 292.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 160.64 292.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 197.43 292.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 219.22 292.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 252.10 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.79 292.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 283.20 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.54 292.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 340.66 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.90 292.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 386.46 292.25 Td (values ) Tj ET Q q 0 0 0 rg BT 414.92 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.27 292.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 468.49 292.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 499.24 292.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.88 292.25 Td (e ) Tj ET Q q 0 0 0 rg BT 515.22 292.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.00 292.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.78 280.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 105.44 280.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.09 280.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 162.54 280.25 Td (with ) Tj ET Q q 0 0 0 rg BT 182.76 280.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 234.66 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 252.10 280.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 303.41 280.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 352.50 280.25 Td (would ) Tj ET Q q 0 0 0 rg BT 379.95 280.25 Td (use ) Tj ET Q q 0 0 0 rg BT 395.73 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.96 280.25 Td (their ) Tj ET Q q 0 0 0 rg BT 426.73 280.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 466.39 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.17 280.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 493.49 280.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 519.92 280.25 Td (The ) Tj ET Q q 0 0 0 rg BT 537.91 280.25 Td (use ) Tj ET Q q 0 0 0 rg BT 553.69 280.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 268.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 85.94 268.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.84 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 134.87 268.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 186.01 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.37 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 214.39 268.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 253.29 268.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 298.31 268.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 317.77 268.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 341.68 268.25 Td (\(e.g.,revenuegrowth ) Tj ET Q q 0 0 0 rg BT 428.62 268.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 451.69 268.25 Td (future ) Tj ET Q q 0 0 0 rg BT 477.27 268.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 517.83 268.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.66 256.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 110.80 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.01 256.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 167.99 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.09 256.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 215.18 256.25 Td (values\) ) Tj ET Q q 0 0 0 rg BT 246.83 256.25 Td (when ) Tj ET Q q 0 0 0 rg BT 271.26 256.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 322.35 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.34 256.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 353.99 256.25 Td (value ) Tj ET Q q 0 0 0 rg BT 378.41 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.51 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 405.61 256.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 445.04 256.25 Td (units ) Tj ET Q q 0 0 0 rg BT 467.25 256.25 Td (could ) Tj ET Q q 0 0 0 rg BT 492.24 256.25 Td (result ) Tj ET Q q 0 0 0 rg BT 517.23 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.78 256.25 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 256.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (values ) Tj ET Q q 0 0 0 rg BT 78.05 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.00 244.25 Td (may ) Tj ET Q q 0 0 0 rg BT 114.72 244.25 Td (result ) Tj ET Q q 0 0 0 rg BT 139.44 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.72 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.67 244.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 194.73 244.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.33 244.25 Td (char) Tj ET Q q 0 0 0 rg BT 260.36 244.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 274.25 244.25 Td (As ) Tj ET Q q 0 0 0 rg BT 287.87 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.81 244.25 Td (practice, ) Tj ET Q q 0 0 0 rg BT 331.45 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.18 244.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.57 244.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 418.40 244.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 456.46 244.25 Td (any ) Tj ET Q q 0 0 0 rg BT 473.40 244.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 512.56 244.25 Td (units ) Tj ET Q q 0 0 0 rg BT 534.52 244.25 Td (that ) Tj ET Q q 0 0 0 rg BT 552.02 244.25 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 232.25 Td (have ) Tj ET Q q 0 0 0 rg BT 86.66 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.59 232.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 146.08 232.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 174.13 232.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 190.51 232.25 Td (value ) Tj ET Q q 0 0 0 rg BT 214.66 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.94 232.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 253.54 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.37 232.25 Td (their ) Tj ET Q q 0 0 0 rg BT 285.20 232.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 321.01 232.25 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.98 210.25 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 210.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 188.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 188.25 Td (e ) Tj ET Q q 0 0 0 rg BT 115.39 188.25 Td (account ) Tj ET Q q 0 0 0 rg BT 149.80 188.25 Td (for ) Tj ET Q q 0 0 0 rg BT 164.77 188.25 Td (income ) Tj ET Q q 0 0 0 rg BT 197.52 188.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 221.38 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.48 188.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 280.75 188.25 Td (with ) Tj ET Q q 0 0 0 rg BT 301.84 188.25 Td (F) Tj ET Q q 0 0 0 rg BT 306.66 188.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 329.43 188.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 376.62 188.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 416.03 188.25 Td (on ) Tj ET Q q 0 0 0 rg BT 429.34 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.87 188.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 492.06 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.81 188.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 553.67 188.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (income ) Tj ET Q q 0 0 0 rg BT 83.15 176.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 109.92 176.25 Td (which ) Tj ET Q q 0 0 0 rg BT 138.07 176.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 175.67 176.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 221.05 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.99 176.25 Td (Company) Tj ET Q q 0 0 0 rg BT 278.65 176.25 Td (s ) Tj ET Q q 0 0 0 rg BT 286.26 176.25 Td (current ) Tj ET Q q 0 0 0 rg BT 318.29 176.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.23 176.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 374.04 176.25 Td (together ) Tj ET Q q 0 0 0 rg BT 410.52 176.25 Td (with ) Tj ET Q q 0 0 0 rg BT 432.02 176.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 472.96 176.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 517.77 176.25 Td (dif) Tj ET Q q 0 0 0 rg BT 528.70 176.25 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.97 164.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.39 164.25 Td (dif) Tj ET Q q 0 0 0 rg BT 121.32 164.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 148.17 164.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 188.91 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.21 164.25 Td (items ) Tj ET Q q 0 0 0 rg BT 224.86 164.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.50 164.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.69 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.11 164.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 318.96 164.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 359.77 164.25 Td (These ) Tj ET Q q 0 0 0 rg BT 386.62 164.25 Td (dif) Tj ET Q q 0 0 0 rg BT 397.55 164.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 433.83 164.25 Td (result ) Tj ET Q q 0 0 0 rg BT 459.03 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.78 164.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 506.07 164.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.26 164.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.57 164.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 92.34 152.25 Td (which ) Tj ET Q q 0 0 0 rg BT 119.40 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 134.23 152.25 Td (included ) Tj ET Q q 0 0 0 rg BT 171.28 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.68 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.63 152.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 253.03 152.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 287.85 152.25 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 318.89 152.25 Td (W) Tj ET Q q 0 0 0 rg BT 327.53 152.25 Td (e ) Tj ET Q q 0 0 0 rg BT 334.59 152.25 Td (then ) Tj ET Q q 0 0 0 rg BT 354.42 152.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 381.49 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.33 152.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 439.50 152.25 Td (that ) Tj ET Q q 0 0 0 rg BT 457.12 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.07 152.25 Td (net ) Tj ET Q q 0 0 0 rg BT 487.90 152.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 523.83 152.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.67 152.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.23 140.25 Td (be ) Tj ET Q q 0 0 0 rg BT 80.35 140.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 122.44 140.25 Td (from ) Tj ET Q q 0 0 0 rg BT 144.56 140.25 Td (future ) Tj ET Q q 0 0 0 rg BT 171.11 140.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 202.66 140.25 Td (income ) Tj ET Q q 0 0 0 rg BT 234.77 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.23 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.12 140.25 Td (years ) Tj ET Q q 0 0 0 rg BT 283.90 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.35 140.25 Td (which ) Tj ET Q q 0 0 0 rg BT 321.47 140.25 Td (those ) Tj ET Q q 0 0 0 rg BT 345.25 140.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 389.02 140.25 Td (dif) Tj ET Q q 0 0 0 rg BT 399.95 140.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 435.94 140.25 Td (are ) Tj ET Q q 0 0 0 rg BT 450.82 140.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 489.03 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.48 140.25 Td (be ) Tj ET Q q 0 0 0 rg BT 511.60 140.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 553.69 140.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (settled, ) Tj ET Q q 0 0 0 rg BT 81.10 128.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 100.54 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.82 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.54 128.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 152.47 128.25 Td (we ) Tj ET Q q 0 0 0 rg BT 166.63 128.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 198.00 128.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.50 128.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 252.97 128.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.14 128.25 Td (not ) Tj ET Q q 0 0 0 rg BT 277.42 128.25 Td (likely) Tj ET Q q 0 0 0 rg BT 299.55 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 304.55 128.25 Td (we ) Tj ET Q q 0 0 0 rg BT 318.71 128.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 356.20 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.14 128.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 402.85 128.25 Td (allowance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 106.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.53 106.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.40 106.25 Td (does ) Tj ET Q q 0 0 0 rg BT 177.71 106.25 Td (not ) Tj ET Q q 0 0 0 rg BT 192.47 106.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 233.32 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 239.74 106.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 275.03 106.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 294.79 106.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.99 106.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 342.08 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.50 106.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 401.58 106.25 Td (income ) Tj ET Q q 0 0 0 rg BT 432.99 106.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 447.19 106.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 481.38 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 495.03 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.22 106.25 Td (undistributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 88.11 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.68 94.25 Td (its ) Tj ET Q q 0 0 0 rg BT 114.36 94.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 147.48 94.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 201.43 94.25 Td (which ) Tj ET Q q 0 0 0 rg BT 230.10 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.55 94.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 294.10 94.25 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 344.43 94.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 381.99 94.25 Td (because ) Tj ET Q q 0 0 0 rg BT 417.87 94.25 Td (those ) Tj ET Q q 0 0 0 rg BT 443.22 94.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 476.33 94.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 514.44 94.25 Td (will ) Tj ET Q q 0 0 0 rg BT 534.24 94.25 Td (remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (permanently ) Tj ET Q q 0 0 0 rg BT 102.48 82.25 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 146.07 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.35 82.25 Td (those ) Tj ET Q q 0 0 0 rg BT 179.96 82.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 229.68 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.96 82.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 260.79 82.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 296.06 82.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 340.22 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.16 82.25 Td (growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 60.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.49 60.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.32 60.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 189.26 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.41 60.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 247.02 60.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.30 60.25 Td (F) Tj ET Q q 0 0 0 rg BT 262.12 60.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 283.51 60.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 329.32 60.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 367.36 60.25 Td (on ) Tj ET Q q 0 0 0 rg BT 379.30 60.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 425.11 60.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.71 60.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 477.85 60.25 Td (income ) Tj ET Q q 0 0 0 rg BT 509.23 60.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.39 60.25 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.65 48.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 109.62 48.25 Td (clarified ) Tj ET Q q 0 0 0 rg BT 145.80 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.89 48.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.63 48.25 Td (for ) Tj ET Q q 0 0 0 rg BT 222.17 48.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 270.02 48.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.67 48.25 Td (income ) Tj ET Q q 0 0 0 rg BT 312.98 48.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 336.40 48.25 Td (by ) Tj ET Q q 0 0 0 rg BT 349.27 48.25 Td (prescribing ) Tj ET Q q 0 0 0 rg BT 397.13 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.22 48.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 453.98 48.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 502.40 48.25 Td (threshold ) Tj ET Q q 0 0 0 rg BT 542.48 48.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.80 48.25 Td (tax ) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (position ) Tj ET Q q 0 0 0 rg BT 85.21 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.87 742.10 Td (required ) Tj ET Q q 0 0 0 rg BT 131.18 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.94 742.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 164.37 742.10 Td (before ) Tj ET Q q 0 0 0 rg BT 192.89 742.10 Td (being ) Tj ET Q q 0 0 0 rg BT 218.10 742.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 264.95 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.71 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.92 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.89 742.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 376.37 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.91 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 433.99 742.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 465.86 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.29 742.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 510.71 742.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 550.35 742.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 95.16 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.89 730.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 153.02 730.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 205.42 730.10 Td (\(Step ) Tj ET Q q 0 0 0 rg BT 234.48 730.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 250.76 730.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 280.37 730.10 Td (when ) Tj ET Q q 0 0 0 rg BT 305.55 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 318.50 730.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 361.44 730.10 Td (concludes ) Tj ET Q q 0 0 0 rg BT 404.93 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.44 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.39 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 447.12 730.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 485.36 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 511.65 730.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 539.05 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.56 730.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.27 718.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 115.44 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.29 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 147.01 718.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 171.96 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 191.36 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.31 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.27 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 227.89 718.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 267.28 718.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.46 718.10 Td (examination. ) Tj ET Q q 0 0 0 rg BT 343.56 718.10 Td (Measurement ) Tj ET Q q 0 0 0 rg BT 400.17 718.10 Td (\(Step ) Tj ET Q q 0 0 0 rg BT 427.89 718.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 442.84 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 451.68 718.10 Td (only ) Tj ET Q q 0 0 0 rg BT 471.64 718.10 Td (addressed ) Tj ET Q q 0 0 0 rg BT 513.25 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 521.53 718.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 541.49 718.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 548.67 718.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.26 706.10 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 109.47 706.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 136.84 706.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 157.00 706.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 166.88 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.48 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.08 706.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 226.22 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.27 706.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 275.97 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.57 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.17 706.10 Td (lar) Tj ET Q q 0 0 0 rg BT 310.54 706.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 329.03 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 361.40 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.11 706.10 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 404.76 706.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 452.12 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.50 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.32 706.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 518.13 706.10 Td (probability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.66 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 90.32 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.65 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 122.85 694.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 148.29 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 168.16 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 183.60 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.04 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.14 694.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 240.44 694.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 263.10 694.10 Td (final ) Tj ET Q q 0 0 0 rg BT 284.08 694.10 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 329.76 694.10 Td (As ) Tj ET Q q 0 0 0 rg BT 343.53 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 364.52 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.96 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 392.07 694.10 Td (context, ) Tj ET Q q 0 0 0 rg BT 426.66 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.54 694.10 Td (term ) Tj ET Q q 0 0 0 rg BT 462.52 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 490.17 694.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 515.60 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 535.48 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 555.36 694.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 95.81 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.09 682.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 130.24 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 147.74 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 682.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 205.51 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.34 682.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 262.69 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.86 682.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 302.11 682.10 Td (than ) Tj ET Q q 0 0 0 rg BT 321.83 682.10 Td (50%.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 660.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 660.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.12 660.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 128.88 660.10 Td (T) Tj ET Q q 0 0 0 rg BT 134.81 660.10 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 638.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.05 638.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 158.09 638.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.57 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.73 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.44 638.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 267.52 638.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 297.90 638.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 346.62 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.90 638.10 Td (India, ) Tj ET Q q 0 0 0 rg BT 380.45 638.10 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 406.38 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.32 638.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 464.37 638.10 Td (is ) Tj ET Q q 0 0 0 rg BT 472.54 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.26 638.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 505.54 638.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 530.37 638.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 626.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 112.22 626.10 Td (property ) Tj ET Q q 0 0 0 rg BT 148.89 626.10 Td (research ) Tj ET Q q 0 0 0 rg BT 184.99 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.21 626.10 Td (development ) Tj ET Q q 0 0 0 rg BT 256.66 626.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.54 626.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 333.88 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 346.67 626.10 Td (its ) Tj ET Q q 0 0 0 rg BT 358.91 626.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 402.25 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.48 626.10 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 446.71 626.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 499.21 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.44 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 626.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.41 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.61 614.10 Td (information ) Tj ET Q q 0 0 0 rg BT 171.58 614.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 218.78 614.10 Td (enabled ) Tj ET Q q 0 0 0 rg BT 252.63 614.10 Td (services ) Tj ET Q q 0 0 0 rg BT 287.60 614.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 326.46 614.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.88 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.85 614.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 396.93 614.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 432.47 614.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 470.77 614.10 Td (by ) Tj ET Q q 0 0 0 rg BT 483.53 614.10 Td (its ) Tj ET Q q 0 0 0 rg BT 495.74 614.10 Td (India ) Tj ET Q q 0 0 0 rg BT 519.05 614.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 559.51 614.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (both ) Tj ET Q q 0 0 0 rg BT 70.28 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.56 602.10 Td (support ) Tj ET Q q 0 0 0 rg BT 113.06 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.89 602.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 150.97 602.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 191.23 602.10 Td (divisions ) Tj ET Q q 0 0 0 rg BT 229.85 602.10 Td (across ) Tj ET Q q 0 0 0 rg BT 257.34 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 602.10 Td (world, ) Tj ET Q q 0 0 0 rg BT 300.39 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.09 602.10 Td (transacted ) Tj ET Q q 0 0 0 rg BT 358.13 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.40 602.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 388.69 602.10 Td (dollars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.93 580.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 131.85 580.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 168.21 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.92 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.52 580.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 237.48 580.10 Td (other ) Tj ET Q q 0 0 0 rg BT 259.40 580.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 289.66 580.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 338.26 580.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.31 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.91 580.10 Td (local ) Tj ET Q q 0 0 0 rg BT 380.72 580.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 417.08 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.79 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.39 580.10 Td (country ) Tj ET Q q 0 0 0 rg BT 472.32 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.47 580.10 Td (which ) Tj ET Q q 0 0 0 rg BT 507.29 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.89 580.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (operates. ) Tj ET Q q 0 0 0 rg BT 88.85 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.67 568.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.27 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.99 568.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 192.48 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.08 568.10 Td (these ) Tj ET Q q 0 0 0 rg BT 227.90 568.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 260.05 568.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 310.54 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.02 568.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 368.16 568.10 Td (into ) Tj ET Q q 0 0 0 rg BT 386.99 568.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 408.05 568.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 438.54 568.10 Td (at ) Tj ET Q q 0 0 0 rg BT 449.03 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.52 568.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 486.67 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.27 568.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.30 568.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 568.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.06 556.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 106.13 556.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 131.70 556.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 164.21 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.18 556.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 215.91 556.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 253.42 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.16 556.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 309.55 556.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.30 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.04 556.10 Td (average ) Tj ET Q q 0 0 0 rg BT 367.65 556.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 407.93 556.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.33 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.64 556.10 Td (ef) Tj ET Q q 0 0 0 rg BT 447.22 556.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 464.74 556.10 Td (during ) Tj ET Q q 0 0 0 rg BT 493.37 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.11 556.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 538.69 556.10 Td (Gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 544.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 92.57 544.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 129.69 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.25 544.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 195.58 544.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 245.47 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 259.80 544.10 Td (included ) Tj ET Q q 0 0 0 rg BT 296.35 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.81 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.36 544.10 Td (component ) Tj ET Q q 0 0 0 rg BT 359.92 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.37 544.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 423.02 544.10 Td (other ) Tj ET Q q 0 0 0 rg BT 445.68 544.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 508.34 544.10 Td (income ) Tj ET Q q 0 0 0 rg BT 539.89 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 544.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 111.82 532.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 165.87 532.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 199.91 532.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 230.36 532.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 264.97 532.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 306.24 532.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 353.62 532.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 378.23 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.18 532.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 423.58 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.08 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.80 532.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 491.29 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 514.24 532.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 104.15 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.43 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.37 520.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 158.84 520.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.89 520.10 Td (than ) Tj ET Q q 0 0 0 rg BT 201.61 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.32 520.10 Td (subsidiary's ) Tj ET Q q 0 0 0 rg BT 265.63 520.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 308.67 520.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 346.14 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.85 520.10 Td (included ) Tj ET Q q 0 0 0 rg BT 397.78 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.06 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.78 520.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 480.82 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.65 520.10 Td (net ) Tj ET Q q 0 0 0 rg BT 506.36 520.10 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 95.26 498.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.77 498.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 192.49 498.10 Td (\(unaudited\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 476.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.05 476.10 Td (following ) Tj ET Q q 0 0 0 rg BT 158.43 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.60 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.32 476.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 224.25 476.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 262.85 476.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.33 476.10 Td (information ) Tj ET Q q 0 0 0 rg BT 350.04 476.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.20 476.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.20 476.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.20 476.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.20 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.70 476.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.64 476.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.64 476.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 428.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 428.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 428.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 428.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 428.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 428.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 428.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 428.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 428.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 400.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 400.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 400.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 400.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 372.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 372.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 372.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 372.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 372.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 344.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 344.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 344.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 344.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 316.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 316.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 316.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 316.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 288.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 288.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 288.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 288.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 288.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 260.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 260.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 260.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 260.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 232.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 232.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 232.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 232.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 232.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 232.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 232.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 232.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 232.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 204.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 204.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 176.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 148.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 120.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 120.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 120.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 120.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 120.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 120.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 120.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 120.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 442.6 m 382.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 442.6 m 442.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 442.6 m 502.5 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 442.6 m 562.5 442.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.70 456.33 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.55 446.33 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.70 456.33 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.55 446.33 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.45 456.33 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 446.33 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 456.33 Td (Fourth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.55 446.33 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.55 433.28 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.28 Td (Year Ended December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 419.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 419.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 419.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 419.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 405.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 405.17 Td (71,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 405.17 Td (72,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 405.17 Td (74,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 405.17 Td (80,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 391.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 391.17 Td (51,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 391.17 Td (51,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 391.17 Td (52,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 391.17 Td (57,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 377.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 377.17 Td (24,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 377.17 Td (23,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 377.17 Td (24,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 377.17 Td (27,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 363.17 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 363.17 Td (22,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 363.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 363.17 Td (22,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 363.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 363.17 Td (24,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 363.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 363.17 Td (24,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.17 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 335.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 335.17 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 335.17 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 335.17 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 335.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 321.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 321.17 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 321.17 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 321.17 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 321.17 Td (0.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 307.28 Td (Year Ended December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 293.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 293.17 Td (63,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 293.17 Td (64,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 293.17 Td (66,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 293.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 293.17 Td (70,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 279.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 279.17 Td (44,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 279.17 Td (46,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 279.17 Td (49,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 279.17 Td (53,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 265.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 265.17 Td (20,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 265.17 Td (20,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 265.17 Td (21,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 265.17 Td (25,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 251.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 251.17 Td (18,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 251.17 Td (19,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 251.17 Td (20,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 251.17 Td (21,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.17 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 223.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 223.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 223.17 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 223.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 223.17 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 223.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 223.17 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 223.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 223.17 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 209.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 209.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 209.17 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 209.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 209.17 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 209.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 209.17 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 209.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 209.17 Td (0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 195.28 Td (Year Ended December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 195.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 195.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 195.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 195.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 181.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 181.17 Td (51,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 181.17 Td (51,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 181.17 Td (50,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 181.17 Td (60,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 167.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 167.17 Td (41,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 167.17 Td (41,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 167.17 Td (40,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 167.17 Td (43,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 153.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 153.17 Td (19,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 153.17 Td (17,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 153.17 Td (21,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 153.17 Td (21,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 139.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 139.17 Td (15,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 139.17 Td (13,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 139.17 Td (18,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 139.17 Td (16,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.17 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 125.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 125.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 125.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 125.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 111.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 111.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 111.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 111.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 111.17 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 111.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 111.17 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 111.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 111.17 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 97.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 97.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 97.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 97.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 97.17 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 97.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 97.17 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 97.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 97.17 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 7A. QUANTIT) Tj ET Q q 0 0 0 rg BT 135.64 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 142.12 742.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 168.53 742.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 231.40 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 237.88 742.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 337.36 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 372.74 742.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 420.06 742.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.71 720.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.76 720.25 Td (is ) Tj ET Q q 0 0 0 rg BT 169.60 720.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 201.08 720.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.03 720.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 242.39 720.25 Td (market ) Tj ET Q q 0 0 0 rg BT 273.32 720.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 297.88 720.25 Td (including ) Tj ET Q q 0 0 0 rg BT 338.81 720.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 370.86 720.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 409.00 720.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 449.91 720.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 471.95 720.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.56 720.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 522.15 720.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 546.47 720.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 708.25 Td (s ) Tj ET Q q 0 0 0 rg BT 98.75 708.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 138.04 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.01 708.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 181.08 708.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 219.25 708.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 260.19 708.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 282.26 708.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 300.46 708.25 Td (is ) Tj ET Q q 0 0 0 rg BT 310.32 708.25 Td (related ) Tj ET Q q 0 0 0 rg BT 340.71 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.68 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 368.21 708.25 Td (foreign-based ) Tj ET Q q 0 0 0 rg BT 426.37 708.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 471.22 708.25 Td (where ) Tj ET Q q 0 0 0 rg BT 498.84 708.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 549.80 708.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 103.22 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.57 696.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 143.01 696.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 185.67 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.67 696.25 Td (are ) Tj ET Q q 0 0 0 rg BT 215.45 696.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 245.34 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.69 696.25 Td (market ) Tj ET Q q 0 0 0 rg BT 284.02 696.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 300.59 696.25 Td (with ) Tj ET Q q 0 0 0 rg BT 319.94 696.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 349.82 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.17 696.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 407.95 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.30 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.08 696.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 462.63 696.25 Td (value ) Tj ET Q q 0 0 0 rg BT 485.86 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.76 696.25 Td (those ) Tj ET Q q 0 0 0 rg BT 518.43 696.25 Td (currencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.31 684.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 95.84 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.81 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.67 684.25 Td (Company) Tj ET Q q 0 0 0 rg BT 163.34 684.25 Td (s ) Tj ET Q q 0 0 0 rg BT 169.87 684.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 214.17 684.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.02 684.25 Td (based ) Tj ET Q q 0 0 0 rg BT 254.43 684.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.85 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.71 684.25 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 302.64 684.25 Td (furthermore ) Tj ET Q q 0 0 0 rg BT 353.04 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.90 684.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 411.08 684.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 454.81 684.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.23 684.25 Td (our ) Tj ET Q q 0 0 0 rg BT 481.20 684.25 Td (India ) Tj ET Q q 0 0 0 rg BT 504.39 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.47 684.25 Td (Singapore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (divisions ) Tj ET Q q 0 0 0 rg BT 88.01 672.25 Td (is ) Tj ET Q q 0 0 0 rg BT 96.58 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.69 672.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 130.36 672.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 153.29 672.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.68 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.01 672.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 220.57 672.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.96 672.25 Td (a ) Tj ET Q q 0 0 0 rg BT 231.29 672.25 Td (lar) Tj ET Q q 0 0 0 rg BT 241.66 672.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 252.99 672.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 283.77 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.99 672.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.22 672.25 Td (business ) Tj ET Q q 0 0 0 rg BT 345.00 672.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 394.66 672.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.76 672.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 462.30 672.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.98 672.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 491.65 672.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 523.26 672.25 Td (However) Tj ET Q q 0 0 0 rg BT 559.51 672.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.67 660.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.00 660.25 Td (has ) Tj ET Q q 0 0 0 rg BT 121.78 660.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 165.89 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.58 660.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 217.18 660.25 Td (New ) Tj ET Q q 0 0 0 rg BT 238.51 660.25 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 275.67 660.25 Td (Great ) Tj ET Q q 0 0 0 rg BT 300.32 660.25 Td (Britain, ) Tj ET Q q 0 0 0 rg BT 333.05 660.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 367.98 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.87 660.25 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 414.26 660.25 Td (where ) Tj ET Q q 0 0 0 rg BT 441.13 660.25 Td (we ) Tj ET Q q 0 0 0 rg BT 455.25 660.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 489.35 660.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 539.56 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 660.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (local ) Tj ET Q q 0 0 0 rg BT 72.37 648.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 116.40 648.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.67 648.25 Td (each ) Tj ET Q q 0 0 0 rg BT 148.93 648.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.20 648.25 Td (these ) Tj ET Q q 0 0 0 rg BT 183.69 648.25 Td (locations. ) Tj ET Q q 0 0 0 rg BT 225.02 648.25 Td (There ) Tj ET Q q 0 0 0 rg BT 251.27 648.25 Td (can ) Tj ET Q q 0 0 0 rg BT 268.09 648.25 Td (be ) Tj ET Q q 0 0 0 rg BT 280.47 648.25 Td (no ) Tj ET Q q 0 0 0 rg BT 293.41 648.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 335.22 648.25 Td (that ) Tj ET Q q 0 0 0 rg BT 353.16 648.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 403.31 648.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.03 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.19 648.25 Td (value ) Tj ET Q q 0 0 0 rg BT 453.78 648.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.05 648.25 Td (those ) Tj ET Q q 0 0 0 rg BT 489.10 648.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 520.92 648.25 Td (currencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.02 636.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.25 636.25 Td (have ) Tj ET Q q 0 0 0 rg BT 104.59 636.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.49 636.25 Td (material ) Tj ET Q q 0 0 0 rg BT 146.71 636.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.71 636.25 Td (ef) Tj ET Q q 0 0 0 rg BT 187.29 636.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 204.74 636.25 Td (on ) Tj ET Q q 0 0 0 rg BT 217.20 636.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.88 636.25 Td (Company) Tj ET Q q 0 0 0 rg BT 273.54 636.25 Td (s ) Tj ET Q q 0 0 0 rg BT 279.89 636.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 318.74 636.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 358.97 636.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 390.04 636.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 428.03 636.25 Td (or ) Tj ET Q q 0 0 0 rg BT 438.82 636.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.26 636.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 519.00 636.25 Td (During ) Tj ET Q q 0 0 0 rg BT 549.79 636.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (years ) Tj ET Q q 0 0 0 rg BT 72.52 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.27 624.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.70 624.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.70 624.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.12 624.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.98 624.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.98 624.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.40 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.04 624.25 Td (net ) Tj ET Q q 0 0 0 rg BT 169.68 624.25 Td (change ) Tj ET Q q 0 0 0 rg BT 199.42 624.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.62 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.26 624.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 268.11 624.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 298.41 624.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 334.81 624.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 378.44 624.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 413.46 624.25 Td (which ) Tj ET Q q 0 0 0 rg BT 439.32 624.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.41 624.25 Td (a ) Tj ET Q q 0 0 0 rg BT 453.27 624.25 Td (component ) Tj ET Q q 0 0 0 rg BT 499.13 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.88 624.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 562.01 624.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (equity) Tj ET Q q 0 0 0 rg BT 74.35 612.25 Td (, ) Tj ET Q q 0 0 0 rg BT 79.52 612.25 Td (was ) Tj ET Q q 0 0 0 rg BT 97.74 612.25 Td (an ) Tj ET Q q 0 0 0 rg BT 109.85 612.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 154.16 612.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 172.39 612.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.39 612.25 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 203.56 612.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.45 612.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.62 612.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.73 612.25 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 279.90 612.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.79 612.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.96 612.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 361.62 612.25 Td (. ) Tj ET Q q 0 0 0 rg BT 366.60 612.25 Td (The ) Tj ET Q q 0 0 0 rg BT 384.81 612.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.37 612.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 472.36 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.24 612.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 527.12 612.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 554.23 612.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.66 600.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 128.09 600.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 149.65 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.76 600.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 214.42 600.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.10 600.25 Td (it ) Tj ET Q q 0 0 0 rg BT 240.33 600.25 Td (was ) Tj ET Q q 0 0 0 rg BT 258.57 600.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 304.56 600.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 340.02 600.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.69 600.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 390.91 600.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 425.80 600.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.26 600.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.27 600.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 495.48 600.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.03 600.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.05 588.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 111.22 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.84 588.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 142.46 588.25 Td (could ) Tj ET Q q 0 0 0 rg BT 166.97 588.25 Td (possibly ) Tj ET Q q 0 0 0 rg BT 202.60 588.25 Td (be ) Tj ET Q q 0 0 0 rg BT 214.33 588.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 264.93 588.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.00 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.51 588.25 Td (near ) Tj ET Q q 0 0 0 rg BT 309.01 588.25 Td (term ) Tj ET Q q 0 0 0 rg BT 329.62 588.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 358.29 588.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 380.59 588.25 Td (an ) Tj ET Q q 0 0 0 rg BT 392.32 588.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 425.15 588.25 Td (change ) Tj ET Q q 0 0 0 rg BT 455.75 588.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.83 588.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 503.09 588.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.14 588.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (would ) Tj ET Q q 0 0 0 rg BT 79.24 576.25 Td (have ) Tj ET Q q 0 0 0 rg BT 102.35 576.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 138.25 576.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.27 576.25 Td (a ) Tj ET Q q 0 0 0 rg BT 158.94 576.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 200.95 576.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.96 576.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 245.52 576.25 Td (income ) Tj ET Q q 0 0 0 rg BT 279.19 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.76 576.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 353.76 576.25 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 375.49 576.25 Td (million ) Tj ET Q q 0 0 0 rg BT 408.62 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.30 576.25 Td ($3.0million ) Tj ET Q q 0 0 0 rg BT 480.43 576.25 Td (for ) Tj ET Q q 0 0 0 rg BT 496.33 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.79 576.25 Td (years ) Tj ET Q q 0 0 0 rg BT 538.12 576.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 564.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.08 564.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 564.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 564.25 Td (, ) Tj ET Q q 0 0 0 rg BT 173.02 564.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 220.68 564.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 542.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.97 542.25 Td (Company) Tj ET Q q 0 0 0 rg BT 158.64 542.25 Td (s ) Tj ET Q q 0 0 0 rg BT 164.96 542.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 203.48 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.68 542.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.54 542.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 262.95 542.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 280.38 542.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 308.90 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.10 542.25 Td (its ) Tj ET Q q 0 0 0 rg BT 330.98 542.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.84 542.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 397.47 542.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.90 542.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 458.99 542.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.63 542.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 525.50 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.36 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 542.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 83.53 530.25 Td (income ) Tj ET Q q 0 0 0 rg BT 117.06 530.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.15 530.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 166.91 530.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.77 530.25 Td (balances. ) Tj ET Q q 0 0 0 rg BT 228.89 530.25 Td (As ) Tj ET Q q 0 0 0 rg BT 244.09 530.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.52 530.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 316.70 530.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.70 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.79 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.10 530.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 400.08 530.25 Td (had ) Tj ET Q q 0 0 0 rg BT 418.62 530.25 Td ($272.8million ) Tj ET Q q 0 0 0 rg BT 481.60 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.03 530.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 544.78 530.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 99.07 518.25 Td (which ) Tj ET Q q 0 0 0 rg BT 125.63 518.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 164.97 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.42 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.99 518.25 Td ($1) Tj ET Q q 0 0 0 rg BT 191.62 518.25 Td (18.8million ) Tj ET Q q 0 0 0 rg BT 242.63 518.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 275.29 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 287.41 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.87 518.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 352.19 518.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 386.53 518.25 Td (term ) Tj ET Q q 0 0 0 rg BT 406.98 518.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 426.32 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.88 518.25 Td ($154.0million ) Tj ET Q q 0 0 0 rg BT 503.90 518.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 536.55 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 518.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.35 506.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 133.72 506.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 174.20 506.25 Td (line ) Tj ET Q q 0 0 0 rg BT 191.35 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.83 506.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 229.09 506.25 Td (The ) Tj ET Q q 0 0 0 rg BT 246.79 506.25 Td (Company) Tj ET Q q 0 0 0 rg BT 288.46 506.25 Td (s ) Tj ET Q q 0 0 0 rg BT 294.50 506.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 334.98 506.25 Td (line ) Tj ET Q q 0 0 0 rg BT 352.13 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.61 506.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 387.53 506.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 410.78 506.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 442.37 506.25 Td (at ) Tj ET Q q 0 0 0 rg BT 451.74 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 506.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 483.25 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.73 506.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 525.88 506.25 Td (+ ) Tj ET Q q 0 0 0 rg BT 533.68 506.25 Td (1.75%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.99 494.25 Td (stood ) Tj ET Q q 0 0 0 rg BT 91.22 494.25 Td (at ) Tj ET Q q 0 0 0 rg BT 100.99 494.25 Td (2.875% ) Tj ET Q q 0 0 0 rg BT 134.38 494.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.15 494.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 202.79 494.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.79 494.25 Td (. ) Tj ET Q q 0 0 0 rg BT 227.66 494.25 Td (The ) Tj ET Q q 0 0 0 rg BT 245.76 494.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.20 494.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.43 494.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 331.75 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.08 494.25 Td (market ) Tj ET Q q 0 0 0 rg BT 372.40 494.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 389.96 494.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.29 494.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 433.39 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.72 494.25 Td (this ) Tj ET Q q 0 0 0 rg BT 460.73 494.25 Td (line ) Tj ET Q q 0 0 0 rg BT 478.28 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.16 494.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 514.48 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.47 494.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (term ) Tj ET Q q 0 0 0 rg BT 71.04 482.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 90.97 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.47 482.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 133.61 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.11 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.04 482.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 196.75 482.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 232.22 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.71 482.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.86 482.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 309.79 482.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 339.72 482.25 Td (from ) Tj ET Q q 0 0 0 rg BT 361.87 482.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 395.13 482.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 430.05 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.55 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.48 482.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 488.20 482.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 520.35 482.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 544.24 482.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.89 470.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 99.33 470.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 116.79 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.91 470.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.69 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 177.48 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.15 470.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 229.59 470.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 266.46 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.70 470.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 313.03 470.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 350.48 470.25 Td (from ) Tj ET Q q 0 0 0 rg BT 372.38 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.27 470.25 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 431.16 470.25 Td (30% ) Tj ET Q q 0 0 0 rg BT 451.94 470.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 487.15 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.39 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.06 470.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 544.52 470.25 Td (rate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 72.28 458.25 Td (an ) Tj ET Q q 0 0 0 rg BT 83.99 458.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 116.80 458.25 Td (change ) Tj ET Q q 0 0 0 rg BT 147.39 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.45 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.94 458.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 204.21 458.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 221.47 458.25 Td (would ) Tj ET Q q 0 0 0 rg BT 248.75 458.25 Td (have ) Tj ET Q q 0 0 0 rg BT 269.90 458.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 303.83 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.89 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.60 458.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 360.64 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.69 458.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 401.28 458.25 Td (income ) Tj ET Q q 0 0 0 rg BT 432.99 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.60 458.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 503.63 458.25 Td ($682 ) Tj ET Q q 0 0 0 rg BT 525.91 458.25 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 446.25 Td ($183 ) Tj ET Q q 0 0 0 rg BT 88.65 446.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 126.86 446.25 Td (for ) Tj ET Q q 0 0 0 rg BT 140.62 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.94 446.25 Td (years ) Tj ET Q q 0 0 0 rg BT 178.14 446.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 446.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 265.65 446.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 287.75 446.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.30 446.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.30 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 328.90 446.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 376.56 446.25 Td (. ) Tj ET Q q 0 0 0 rg BT 381.01 446.25 Td (The ) Tj ET Q q 0 0 0 rg BT 398.66 446.25 Td (Company) Tj ET Q q 0 0 0 rg BT 440.33 446.25 Td (s ) Tj ET Q q 0 0 0 rg BT 446.32 446.25 Td (average ) Tj ET Q q 0 0 0 rg BT 479.51 446.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 499.38 446.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 535.91 446.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.24 434.25 Td (were ) Tj ET Q q 0 0 0 rg BT 93.92 434.25 Td ($83.6million ) Tj ET Q q 0 0 0 rg BT 150.05 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.73 434.25 Td (its ) Tj ET Q q 0 0 0 rg BT 178.43 434.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 212.33 434.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 232.35 434.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 269.01 434.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.59 434.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.16 434.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 348.49 434.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.49 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.73 434.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.53 434.25 Td ($1) Tj ET Q q 0 0 0 rg BT 398.16 434.25 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 417.90 434.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.79 434.25 Td (. ) Tj ET Q q 0 0 0 rg BT 451.37 434.25 Td (The ) Tj ET Q q 0 0 0 rg BT 469.16 434.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.29 434.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.21 434.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 554.22 434.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.54 422.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 98.31 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.87 422.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 142.18 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.74 422.25 Td (these ) Tj ET Q q 0 0 0 rg BT 176.06 422.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.60 422.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 233.80 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.35 422.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 276.56 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.11 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.10 422.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 339.87 422.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 358.20 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.31 422.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 401.52 422.25 Td (income ) Tj ET Q q 0 0 0 rg BT 433.73 422.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 463.72 422.25 Td (from ) Tj ET Q q 0 0 0 rg BT 485.93 422.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 519.24 422.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 422.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.88 410.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 105.53 410.25 Td (This ) Tj ET Q q 0 0 0 rg BT 125.76 410.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.64 410.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.07 410.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 192.52 410.25 Td (is ) Tj ET Q q 0 0 0 rg BT 201.64 410.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 242.41 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.19 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.86 410.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 305.29 410.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 342.16 410.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.38 410.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 388.71 410.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 426.15 410.25 Td (from ) Tj ET Q q 0 0 0 rg BT 448.04 410.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.93 410.25 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 506.81 410.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 527.58 410.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.54 398.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 92.74 398.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 114.38 398.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 143.79 398.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.55 398.25 Td (deposited ) Tj ET Q q 0 0 0 rg BT 197.64 398.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 225.12 398.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 247.88 398.25 Td (an ) Tj ET Q q 0 0 0 rg BT 260.08 398.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 293.38 398.25 Td (change ) Tj ET Q q 0 0 0 rg BT 324.46 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.00 398.25 Td (these ) Tj ET Q q 0 0 0 rg BT 358.31 398.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 390.51 398.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 412.15 398.25 Td (would ) Tj ET Q q 0 0 0 rg BT 439.91 398.25 Td (have ) Tj ET Q q 0 0 0 rg BT 461.55 398.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 495.97 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.51 398.25 Td (a ) Tj ET Q q 0 0 0 rg BT 513.71 398.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.24 398.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 80.34 386.25 Td (income ) Tj ET Q q 0 0 0 rg BT 111.80 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.16 386.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 181.95 386.25 Td ($370 ) Tj ET Q q 0 0 0 rg BT 203.98 386.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 242.11 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.58 386.25 Td ($64 ) Tj ET Q q 0 0 0 rg BT 275.61 386.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 313.74 386.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.43 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.68 386.25 Td (years ) Tj ET Q q 0 0 0 rg BT 364.80 386.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.71 386.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 448.82 386.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.82 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 470.85 386.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.31 386.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.31 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 511.84 386.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.50 386.25 Td (.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.99 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 138.61 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 152.60 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 159.08 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 209.93 742.25 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 301.69 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 315.78 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 322.63 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 338.83 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 344.76 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (See ) Tj ET Q q 0 0 0 rg BT 116.36 720.25 Td (also ) Tj ET Q q 0 0 0 rg BT 135.38 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.52 720.25 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 196.19 720.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.32 720.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 291.45 720.25 Td (included ) Tj ET Q q 0 0 0 rg BT 328.80 720.25 Td (under ) Tj ET Q q 0 0 0 rg BT 354.49 720.25 Td (Item7: ) Tj ET Q q 0 0 0 rg BT 390.45 720.25 Td (Management) Tj ET Q q 0 0 0 rg BT 445.43 720.25 Td (s ) Tj ET Q q 0 0 0 rg BT 452.24 720.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.05 720.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.76 720.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 553.68 720.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.71 708.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 132.22 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.16 708.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 181.10 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.93 708.25 Td (Operations.) 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j 3 M 408.5 374.75 m 474.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 374.75 m 544.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 358.75 m 404.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 360.75 m 404.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 358.75 m 474.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 360.75 m 474.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 344.75 m 474.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 358.75 m 544.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 360.75 m 544.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 344.75 m 544.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 330.75 m 404.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 328.75 m 404.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 344.75 m 474.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 330.75 m 474.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 328.75 m 474.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 344.75 m 544.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 330.75 m 544.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 328.75 m 544.5 328.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 656.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 656.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.00 656.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.10 642.43 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 628.43 Td (Operating revenue:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 628.43 Td (298,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 628.43 Td (265,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 628.43 Td (214,321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 600.43 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.42 Td (Costs of services provided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 585.42 Td (85,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 585.42 Td (72,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 585.42 Td (47,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.42 Td (Product development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 570.42 Td (32,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 570.42 Td (30,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 570.42 Td (26,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.42 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 555.42 Td (17,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 555.42 Td (14,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 555.42 Td (13,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.42 Td (General and administrative, net \(see Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 540.42 Td (51,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 540.42 Td (48,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 540.42 Td (36,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.42 Td (Amortization and depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 525.42 Td (10,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 525.42 Td (10,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 525.42 Td (9,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 510.43 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 510.42 Td (198,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 510.42 Td (176,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 510.42 Td (134,649) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.43 Td (Operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 480.43 Td (100,281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 480.43 Td (88,714) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.15 480.43 Td (79,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 466.32 Td (1,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 466.32 Td (231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 466.32 Td (379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 452.37 Td (\(7,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 452.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 452.37 Td (\(4,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 452.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 452.37 Td (\(3,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 452.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.32 Td (Non-operating income \(see Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 438.32 Td (1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 438.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 438.32 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.42 Td (Non-operating expense - securities litigation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 424.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 424.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 424.47 Td (\(690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 424.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.42 Td (Foreign currency exchange gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 409.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 409.42 Td (2,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 409.42 Td (829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.43 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 394.43 Td (95,931) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 394.43 Td (86,639) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.15 394.43 Td (77,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.42 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 379.47 Td (\(1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 379.47 Td (\(7,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 379.47 Td (\(13,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 379.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 364.43 Td (Net income including noncontrolling interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 364.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 364.43 Td (94,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 364.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 364.43 Td (79,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 364.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.15 364.43 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.42 Td (Net income attributable to noncontrolling interest \(see Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 349.42 Td (447) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 349.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 349.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 349.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 349.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 334.43 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 334.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 334.43 Td (93,847) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 334.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 334.43 Td (79,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 334.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.15 334.43 Td (63,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 319.43 Td (Basic earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 319.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 319.43 Td (2.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 319.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 319.43 Td (2.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 319.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.15 319.43 Td (1.68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 305.48 Td (Diluted earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 305.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 305.43 Td (2.86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 305.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 305.43 Td (2.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 305.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.15 305.43 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.32 Td (Basic weighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 291.32 Td (32,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 291.32 Td (34,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 291.32 Td (37,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.32 Td (Diluted weighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 277.32 Td (32,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 277.32 Td (34,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 277.32 Td (38,040) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.20 239.25 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.60 742.25 Td (Ebix, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.05 730.25 Td (Consolidated Statements of Compr) Tj ET Q q 0 0 0 rg BT 345.59 730.25 Td (ehensive Income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 609.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 609.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 609.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 609.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 609.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 581.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 581.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 581.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 581.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 581.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 553.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 553.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 553.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 553.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 553.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 524.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 524.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 524.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 524.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 524.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 671.75 m 447.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 623.75 m 447.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 671.75 m 512.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 623.75 m 512.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 671.75 m 575.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 623.75 m 575.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 567.75 m 447.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 553.75 m 447.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 567.75 m 512.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 553.75 m 512.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 567.75 m 575.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 553.75 m 575.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 524.75 m 512.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 524.75 m 575.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 524.75 m 447.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 511.75 m 447.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 509.75 m 447.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 524.75 m 512.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 511.75 m 512.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 509.75 m 512.5 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 524.75 m 575.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 511.75 m 575.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 509.75 m 575.5 509.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.90 648.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.90 638.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 628.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.40 648.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.90 638.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 628.43 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.90 648.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.40 638.43 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.50 628.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 614.43 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 600.43 Td (Net income including noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 600.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 600.32 Td (94,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 600.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 600.32 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 600.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 600.32 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 586.32 Td (Other comprehensive income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 572.32 Td ( Foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 572.37 Td (\(3,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 572.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 572.37 Td (\(12,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 572.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 572.32 Td (\(5,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 572.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 558.32 Td ( Total other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 558.37 Td (\(3,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 558.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 558.37 Td (\(12,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.65 558.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 558.32 Td (\(5,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 558.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 544.43 Td (Comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 544.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 544.43 Td (90,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 544.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 544.43 Td (67,404) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 544.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 544.43 Td (57,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 529.42 Td (Comprehensive income \(loss\) attributable to noncontrolling interest \(see Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 529.42 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 529.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 529.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 515.43 Td (Comprehensive income attributable to Ebix, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 515.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 515.43 Td (90,448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 515.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 515.43 Td (67,404) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 515.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 515.43 Td (57,703) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.20 477.25 Td (See accompanying notes to the consolidated financial statements.) 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 574.75 m 561.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 560.75 m 488.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 560.75 m 561.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 560.75 m 488.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 560.75 m 561.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 462.75 m 488.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 451.75 m 488.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 449.75 m 488.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 462.75 m 561.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 451.75 m 561.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 449.75 m 561.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 296.75 m 488.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 281.75 m 488.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 296.75 m 561.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 281.75 m 561.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 191.75 m 488.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 178.75 m 488.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 191.75 m 561.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 178.75 m 561.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 43.25 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 43.25 m BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.40 717.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.50 707.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.40 717.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 707.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.75 689.43 Td (\(In thousands, except share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.45 679.43 Td (and per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 665.48 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 651.43 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 651.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 651.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 637.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 637.32 Td (114,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 637.32 Td (57,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 623.32 Td (Short-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 623.32 Td (3,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 623.32 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 608.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 608.42 Td (17,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 608.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 593.42 Td (Trade accounts receivable, less allowances of $2,833 and $3,388, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 593.42 Td (62,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 593.42 Td (47,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 579.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 579.32 Td (12,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 579.32 Td (10,942) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 565.43 Td (Total current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 565.43 Td (209,869) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 565.43 Td (116,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.32 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 551.32 Td (37,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 551.32 Td (34,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 537.32 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 537.32 Td (441,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 537.32 Td (402,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 523.32 Td (Intangibles, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 523.32 Td (41,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 523.32 Td (51,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 509.32 Td (Indefinite-lived intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 509.32 Td (30,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 509.32 Td (30,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 495.32 Td (Capitalized software development costs, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 495.32 Td (5,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 495.32 Td (3,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 481.32 Td (Deferred tax asset, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 481.32 Td (31,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 481.32 Td (23,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 467.32 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 467.32 Td (5,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 467.32 Td (12,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 453.48 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 453.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 453.48 Td (803,755) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 453.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 453.48 Td (675,989) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 441.48 Td (LIABILITIES AND STOCKHOLDERS EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 429.48 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 416.42 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 416.42 Td (44,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 416.42 Td (23,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 401.42 Td (Accrued payroll and related benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 401.42 Td (7,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 401.42 Td (4,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 386.42 Td (Short term debt, net of deferred financing costs of $136 and $0, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 386.42 Td (12,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 386.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 371.42 Td (Contingent liability for accrued earn-out acquisition consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 371.42 Td (1,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 371.42 Td (1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 356.42 Td (Current portion of long term debt and capital lease obligation, net of discount of $0 and $3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.42 Td (respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 346.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 346.42 Td (606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.42 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 331.42 Td (22,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 331.42 Td (20,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.42 Td (Current deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 316.42 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 316.42 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 301.42 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 301.42 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 301.42 Td (228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 286.43 Td (Total current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 286.43 Td (89,712) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 286.43 Td (51,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 272.32 Td (Revolving line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 272.32 Td (154,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 272.32 Td (206,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 258.42 Td (Long term debt and capital lease obligation, less current portion, net of deferred financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.42 Td (costs of $452 and $0, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 259.32 Td (105,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 259.32 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 234.32 Td (Contingent liability for accrued earn-out acquisition consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 234.32 Td (6,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 234.32 Td (2,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 221.32 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 221.32 Td (1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 221.32 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 208.32 Td (Long term deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 208.32 Td (1,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 208.32 Td (1,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 195.32 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 195.32 Td (6,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 195.32 Td (3,332) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 182.48 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 182.48 Td (365,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 182.48 Td (267,018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 168.43 Td (Commitments and Contingencies, Note 6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 149.43 Td (Stockholders equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 134.42 Td (Convertible SeriesD Preferred stock, $.10 par value, 500,000 shares authorized, no shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 124.42 Td (issued and outstanding at December31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 124.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 124.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 109.42 Td (Common ) Tj ET Q q 0 0 0 rg BT 94.39 109.42 Td (stock, ) Tj ET Q q 0 0 0 rg BT 123.16 109.42 Td ($.10 ) Tj ET Q q 0 0 0 rg BT 145.82 109.42 Td (par ) Tj ET Q q 0 0 0 rg BT 163.75 109.42 Td (value, ) Tj ET Q q 0 0 0 rg BT 193.06 109.42 Td (60,000,000 ) Tj ET Q q 0 0 0 rg BT 243.23 109.42 Td (shares ) Tj ET Q q 0 0 0 rg BT 273.38 109.42 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 323.24 109.42 Td (32,093,294 ) Tj ET Q q 0 0 0 rg BT 373.40 109.42 Td (issued ) Tj ET Q q 0 0 0 rg BT 403.56 109.42 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 99.42 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 101.42 99.42 Td (at ) Tj ET Q q 0 0 0 rg BT 111.39 99.42 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.23 99.42 Td (2016 ) Tj ET Q q 0 0 0 rg BT 192.99 99.42 Td (and ) Tj ET Q q 0 0 0 rg BT 210.19 99.42 Td (33,416,1) Tj ET Q q 0 0 0 rg BT 244.81 99.42 Td (10 ) Tj ET Q q 0 0 0 rg BT 257.57 99.42 Td (issued ) Tj ET Q q 0 0 0 rg BT 285.33 99.42 Td (and ) Tj ET Q q 0 0 0 rg BT 302.52 99.42 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 351.94 99.42 Td (at ) Tj ET Q q 0 0 0 rg BT 361.92 99.42 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 89.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 89.42 Td (3,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 89.42 Td (3,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 74.42 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 74.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 74.42 Td (57,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 59.42 Td (Treasury stock \(no shares as of December31, 2016 and December31, 2015\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 59.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 59.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 45.37 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 45.37 Td (457,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 45.37 Td (378,787) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.60 Td (53) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 754.50 372.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 754.50 67.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 754.50 6.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 754.50 67.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 732.50 372.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 732.50 67.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 732.50 6.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 732.50 67.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 710.50 372.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 710.50 67.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 710.50 6.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 710.50 67.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 743.5 m 488.5 743.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 743.5 m 561.5 743.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 711.5 m 488.5 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 709.5 m 488.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 711.5 m 561.5 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 709.5 m 561.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 700.5 m 488.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 698.5 m 488.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 700.5 m 561.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 698.5 m 561.5 698.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 745.12 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 745.12 Td (\(33,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 745.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 745.12 Td (\(30,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 745.12 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 734.28 Td (Total Ebix, Inc. stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 734.28 Td (426,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 734.28 Td (408,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 723.12 Td (Noncontrolling interest \(see Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 723.12 Td (11,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 723.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 712.28 Td (Total stockholders' equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 712.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 712.28 Td (438,636) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 712.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 712.28 Td (408,971) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 701.28 Td (Total liabilities and stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 701.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 701.28 Td (803,755) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 701.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 701.28 Td (675,989) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.20 678.00 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 591.2669921875 m 120.9521484375 591.2669921875 l s q 0 0 1 rg BT 50.00 592.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 592.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 31.60 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.60 562.25 Td (Ebix, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.05 550.25 Td (Consolidated Statements Stockholders) Tj ET Q q 0 0 0 rg BT 463.53 550.25 Td ( Equity) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.75 204.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 464.75 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 464.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 464.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 464.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 464.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 464.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 464.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 464.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 464.75 4.00 -13.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 427.50 406.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 406.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 406.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 406.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 406.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 366.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 366.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 366.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 366.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 366.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 366.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 366.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 366.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 366.75 49.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 336.75 47.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 336.75 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 336.75 67.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 336.75 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 336.75 49.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 336.75 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 336.75 49.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.75 204.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 276.75 79.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 276.75 40.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 276.75 42.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 276.75 39.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 276.75 48.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 276.75 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 276.75 67.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 276.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 276.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 276.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 226.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 226.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 226.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 226.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 226.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 226.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 226.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 226.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 226.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 226.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 226.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 196.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 196.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 196.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 196.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 196.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 196.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 196.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 196.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 196.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 196.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 196.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 156.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 156.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 156.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 156.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 156.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 156.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 156.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 156.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 156.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 156.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.75 204.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 126.75 79.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 126.75 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 126.75 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 126.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 126.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 126.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 126.75 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 126.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 126.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 126.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 90.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 90.75 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 90.75 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 90.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 90.75 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 90.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 90.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 573.50 90.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 640.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 644.50 90.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 693.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 697.50 90.75 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 514.75 m 333.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 514.75 m 337.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 514.75 m 377.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 477.75 m 333.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 477.75 m 377.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 477.75 m 423.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 477.75 m 466.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 477.75 m 518.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 477.75 m 569.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 477.75 m 640.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 477.75 m 693.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 477.75 m 746.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 464.75 m 333.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 464.75 m 377.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 464.75 m 423.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 464.75 m 466.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 464.75 m 518.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 464.75 m 569.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 464.75 m 640.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 464.75 m 693.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 464.75 m 746.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 226.75 m 333.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 226.75 m 377.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 226.75 m 423.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 226.75 m 466.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 226.75 m 518.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 226.75 m 569.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 226.75 m 640.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 226.75 m 746.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 226.75 m 693.5 226.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.15 518.98 Td (Common Stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 519.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.00 519.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 519.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 700.00 519.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.60 489.98 Td (Issued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.00 481.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 298.30 481.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.95 481.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.55 497.98 Td (T) Tj ET Q q 0 0 0 rg BT 391.29 497.98 Td (r) Tj ET Q q 0 0 0 rg BT 394.70 497.98 Td (easury ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.40 489.98 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 481.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 406.80 481.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.05 497.98 Td (T) Tj ET Q q 0 0 0 rg BT 435.79 497.98 Td (r) Tj ET Q q 0 0 0 rg BT 439.20 497.98 Td (easury) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.90 489.98 Td (Stock ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.45 481.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.75 497.98 Td (Additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.55 489.98 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.30 481.98 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.15 489.98 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.90 481.98 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 583.80 505.98 Td (Accumulated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 596.35 497.98 Td (Other) Tj ET Q q 0 0 0 rg BT 616.64 497.98 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.90 489.98 Td (Compr) Tj ET Q q 0 0 0 rg BT 604.20 489.98 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 598.70 481.98 Td (Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 647.90 489.98 Td (Noncontrol-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 648.20 481.98 Td (ling interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 712.75 481.98 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.10 468.48 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 455.48 Td (Balance, January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 455.32 Td (38,088,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.10 455.32 Td (3,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 455.37 Td (\(40,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 455.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 455.37 Td (\(76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 455.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 455.32 Td (164,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 455.32 Td (257,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 605.80 455.32 Td (\(12,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 636.65 455.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 647.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 455.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 710.10 455.32 Td (413,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.42 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.10 441.42 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 715.15 441.42 Td (63,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.42 Td (Net income attributable to noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 732.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.42 Td (Cumulative translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 610.80 411.42 Td (\(5,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 636.65 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 411.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 716.80 411.42 Td (\(5,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.42 Td (Exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 396.42 Td (450,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 396.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 396.42 Td (743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 727.65 396.42 Td (788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.42 Td (Deferred compensation and amortization related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.42 Td (to options and restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 371.42 Td (1,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 720.15 371.42 Td (1,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.42 Td (Repurchase of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.30 356.47 Td (\(2,146,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.30 356.47 Td (\(215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 356.47 Td (\(31,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 711.80 356.42 Td (\(31,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.42 Td (Vesting of restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 341.42 Td (52,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 341.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.30 341.47 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 732.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.42 Td (Forfeiture of certain shares to satisfy exercise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.42 Td (costs and the recipients income tax obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 306.42 Td (related to stock options exercised and restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.42 Td (stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 296.47 Td (\(2,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 296.47 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 729.30 296.42 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.42 Td (Shares reacquired in connection with put option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.80 281.47 Td (\(209,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.30 281.47 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 281.47 Td (\(2,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 716.80 281.42 Td (\(2,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.42 Td (Reclassification of shares previously reported as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.42 Td (temporary equity in connection with an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 246.42 Td (acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 246.42 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 720.15 246.42 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 231.42 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 231.42 Td (\(11,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 231.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 711.80 231.42 Td (\(11,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 231.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 216.43 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 135.01 216.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.65 216.43 Td (36,232,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.10 216.43 Td (3,619) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.80 216.48 Td (\(40,509) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 216.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.30 216.48 Td (\(76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 216.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.10 216.43 Td (137,101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.10 216.43 Td (309,726) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 576.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 605.80 216.43 Td (\(18,149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 636.65 216.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 647.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 679.65 216.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 700.00 216.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 710.10 216.43 Td (432,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 201.42 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.10 201.42 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 201.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 715.15 201.42 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 186.42 Td (Net income attributable to noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 186.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 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285.5 m 569.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 274.5 m 569.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 272.5 m 569.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 285.5 m 640.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 274.5 m 640.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 272.5 m 640.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 285.5 m 693.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 274.5 m 693.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 644.5 272.5 m 693.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 285.5 m 746.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 274.5 m 746.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 697.5 272.5 m 746.5 272.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.17 Td (Forfeiture of certain shares to satisfy exercise) Tj ET Q BT /F1 10.00 Tf ET q 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319.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 497.17 Td (\(10,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 497.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 679.65 497.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 711.80 497.17 Td (\(10,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 497.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 472.18 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 135.01 472.18 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.65 472.18 Td (33,416,110) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.10 472.18 Td (3,342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 472.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.65 472.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.10 472.18 Td (57,120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.10 472.18 Td (378,787) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 576.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 605.80 472.18 Td (\(30,278) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 636.65 472.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 647.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 679.65 472.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 700.00 472.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 710.10 472.18 Td (408,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.07 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.10 458.07 Td (93,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 458.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 715.15 458.07 Td (93,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.07 Td (Net income attributable to noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 674.65 445.07 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 727.65 445.07 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.07 Td (Cumulative translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 432.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 610.80 432.07 Td (\(3,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 636.65 432.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 716.80 432.07 Td (\(3,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 432.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.12 Td (Exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 419.12 Td (72,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 419.12 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 419.12 Td (817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 727.65 419.12 Td (824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.12 Td (Repurchase of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.30 407.12 Td (\(1,479,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 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Tf ET q 0 0 0 rg BT 363.65 384.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 384.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 384.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 384.17 Td (2,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 384.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 384.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 720.15 384.17 Td (2,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 370.12 Td (Vesting of restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 370.12 Td (101,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 370.12 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 370.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 370.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 370.12 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 370.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 370.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 370.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 732.65 370.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.17 Td (Forfeiture of certain shares to satisfy exercise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.17 Td (costs and the recipients income tax obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 337.17 Td (related to stock options exercised and restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 327.17 Td (stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 327.22 Td (\(17,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.30 327.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 327.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 327.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.30 327.22 Td (\(995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 327.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 327.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 724.30 327.17 Td (\(998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 312.17 Td (Recognized controlling ownership of Ebix-IHC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.17 Td (joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 302.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 662.15 302.17 Td (11,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 715.15 302.17 Td (11,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.12 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 288.12 Td (\(9,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 288.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 626.65 288.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 716.80 288.12 Td (\(9,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 742.65 288.12 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 276.23 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 135.01 276.23 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.65 276.23 Td (32,093,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.10 276.23 Td (3,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 276.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.65 276.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 276.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.10 276.23 Td (457,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 576.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 605.80 276.23 Td (\(33,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 636.65 276.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 647.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 662.15 276.23 Td (11,740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 700.00 276.23 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 710.10 276.23 Td (438,636) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.20 252.00 Td (See accompanying notes to the consolidated financial statements.) 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 650.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.42 Td (Net income attributable to Ebix, Inc.) 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(Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 581.42 Td (10,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 581.42 Td (10,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 581.42 Td (9,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.42 Td (Provision for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 566.42 Td (1,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 566.42 Td (3,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 566.42 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.42 Td (Provision for deferred taxes, net of acquisitions and effects of currency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.42 Td (translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 541.47 Td (\(6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 541.47 Td (\(10,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 541.47 Td (\(1,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 526.42 Td (Unrealized foreign exchange \(gain\)/losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 526.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 526.47 Td (\(1,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 526.47 Td (\(741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.42 Td (Gain on investment interest in IHC/Ebix joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 511.47 Td (\(1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 511.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 511.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.42 Td (Amortization of capitalized software development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 496.42 Td (1,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.42 Td (Unrealized gain on put option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 481.47 Td (\(296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 481.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.42 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 466.42 Td (2,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 466.42 Td (1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 466.42 Td (1,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.42 Td (Debt discount amortization on convertible debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 451.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 451.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 451.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.42 Td (Reduction of acquisition earn-out contingent liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 436.47 Td (\(1,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 436.47 Td (\(1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 436.47 Td (\(10,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 436.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 422.43 Td (Changes in current assets and liabilities, net of acquisitions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 422.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.42 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 407.47 Td (\(12,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 407.47 Td (\(7,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 407.47 Td (\(1,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 392.47 Td (\(1,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 392.47 Td (\(3,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 392.47 Td (\(4,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.42 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 377.47 Td (\(3,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 377.47 Td (\(19,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 377.42 Td (14,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.42 Td (Accrued payroll and related benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 362.42 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 362.47 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 362.42 Td (1,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.42 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 347.47 Td (\(234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 347.47 Td (\(656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 347.47 Td (\(324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.42 Td (Reserve for potential uncertain income tax return positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 332.42 Td (490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 332.42 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 332.47 Td (\(9,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.42 Td (Liability securities litigation settlement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 317.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 317.47 Td (\(690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 317.47 Td (\(3,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.42 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 302.47 Td (\(3,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 302.42 Td (1,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 302.47 Td (\(221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.42 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 287.42 Td (2,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 287.47 Td (\(1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 287.47 Td (\(1,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 287.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 273.43 Td (Net cash provided by operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 273.43 Td (83,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 273.43 Td (48,686) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 273.43 Td (58,510) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 259.43 Td (Cash flows from investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 243.42 Td (Investment in IHAC, Inc., d.b.a Hope Health \("Hope"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 243.47 Td (\(1,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 243.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 243.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 227.42 Td (Investment in Wdev Solucoes em Technologia SA, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 227.47 Td (\(6,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 227.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 227.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 227.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 211.42 Td (Investment in Via Media Health, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 211.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 211.47 Td (\(1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 211.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 211.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 195.42 Td (Investment in P.B. Systems, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 195.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 195.47 Td (\(11,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 195.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 195.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 180.42 Td (Investment in Ebix Health Solutions, LLC Joint Venture, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 170.42 Td (acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 170.47 Td (\(696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 170.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 170.47 Td (\(6,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 170.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 170.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.42 Td (Investment in CurePet, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 154.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 154.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 154.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.42 Td (Investment in Healthcare Magic, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 139.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 139.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 139.47 Td (\(5,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 139.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 124.42 Td (Investment in Vertex, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 124.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 124.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 124.47 Td (\(27,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 124.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 109.42 Td (Investment in Oakstone, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 109.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 109.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 109.47 Td (\(23,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 109.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 94.42 Td (Investment in I3, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 94.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 94.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 94.47 Td (\(2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 94.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 79.42 Td (Payment of acquisition earn-out contingency, Taimma) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 79.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 79.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 79.47 Td (\(2,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 79.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 64.42 Td (Payment of acquisition earn-out contingency, Trisystems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 64.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 64.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 64.47 Td (\(563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 64.42 Td (\)) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 747.50 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 747.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 747.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 747.50 66.00 -15.00 re f /GS0 gs 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 416.5 m 491.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 403.5 m 491.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 401.5 m 491.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 416.5 m 562.5 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 403.5 m 562.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 401.5 m 562.5 401.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 737.17 Td (Purchases of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 737.22 Td (\(2,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 737.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 737.22 Td (\(1,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 737.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 737.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 722.17 Td (Maturities of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 722.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 722.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 722.17 Td (495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 707.17 Td (Capitalized software development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 707.22 Td (\(3,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 707.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 707.22 Td (\(3,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 707.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 707.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 692.17 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 692.22 Td (\(5,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 692.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 692.22 Td (\(13,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 692.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 692.22 Td (\(16,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 692.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 678.18 Td (Net cash used in investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.80 678.23 Td (\(20,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 678.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 678.23 Td (\(37,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 678.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 678.23 Td (\(77,786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 678.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 664.18 Td (Cash flows from financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.17 Td (Proceeds from / \(Repayment\) to line of credit, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 649.22 Td (\(52,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 649.17 Td (86,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 649.17 Td (97,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.17 Td (Proceeds from term loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 634.17 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 634.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 634.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.17 Td (Principal payments on term loan obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 619.22 Td (\(6,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 619.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 619.22 Td (\(642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 619.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 619.22 Td (\(31,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 619.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.17 Td (Repurchase of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 604.22 Td (\(59,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 604.22 Td (\(81,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 604.22 Td (\(31,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 604.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.17 Td (Payments of long term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 589.22 Td (\(600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 589.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 589.22 Td (\(345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 589.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.17 Td (Payments for capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 574.22 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 574.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 574.22 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 574.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 574.22 Td (\(231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 574.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.17 Td (Excess tax benefit from share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 559.17 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 559.22 Td (\(3,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 559.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.17 Td (Proceeds from exercise of common stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 544.17 Td (824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 544.17 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 544.17 Td (788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.07 Td (Forfeiture of certain shares to satisfy exercise costs and the recipients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.07 Td (income tax obligations related to stock options exercised and restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.07 Td (stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 530.12 Td (\(998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 530.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 530.12 Td (\(2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 530.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 530.12 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 530.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.17 Td (Shares reacquired in connection with put option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 494.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 494.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 494.22 Td (\(3,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 494.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.17 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 479.22 Td (\(9,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 479.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 479.22 Td (\(10,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 479.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 479.22 Td (\(11,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 479.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 465.18 Td (Net cash provided \(used\) by financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 465.23 Td (\(4,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 465.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 465.23 Td (\(6,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 465.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 465.18 Td (15,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.17 Td (Effect of foreign exchange rates on cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 450.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 450.23 Td (\(1,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 450.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 450.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.30 450.23 Td (\(107) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 450.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 450.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 450.23 Td (\(961) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 450.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 436.18 Td (Net change in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 436.07 Td (56,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 436.07 Td (4,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 436.12 Td (\(4,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 436.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.17 Td (Cash and cash equivalents at the beginning of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 421.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 421.17 Td (57,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 421.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 421.17 Td (52,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 421.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 421.17 Td (56,674) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 407.18 Td (Cash and cash equivalents at the end of the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 407.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 407.18 Td (114,118) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 407.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 407.18 Td (57,179) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 407.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 407.18 Td (52,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 393.18 Td (Supplemental disclosures of cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 378.17 Td (Interest paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 378.17 Td (7,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 378.17 Td (5,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 378.17 Td (1,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 363.17 Td (Income taxes paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 363.17 Td (16,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 363.17 Td (28,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 363.17 Td (11,433) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.20 337.00 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.60 742.25 Td (Ebix, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 111.40 706.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 150.57 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.40 706.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 198.92 706.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.43 706.25 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 688.25 Td (During ) Tj ET Q q 0 0 0 rg BT 116.82 688.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 139.32 688.25 Td (there ) Tj ET Q q 0 0 0 rg BT 161.79 688.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.71 688.25 Td (17,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.21 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.71 688.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 243.69 688.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.73 688.25 Td ($998 ) Tj ET Q q 0 0 0 rg BT 299.23 688.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.34 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 340.33 688.25 Td (used ) Tj ET Q q 0 0 0 rg BT 361.15 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.42 688.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 400.02 688.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 435.27 688.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 457.76 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.69 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.40 688.25 Td (recipients' ) Tj ET Q q 0 0 0 rg BT 532.57 688.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 676.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 111.66 676.25 Td (related ) Tj ET Q q 0 0 0 rg BT 141.36 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.64 676.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 175.25 676.25 Td (options ) Tj ET Q q 0 0 0 rg BT 207.20 676.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 247.45 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.39 676.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 304.09 676.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.70 676.25 Td (vesting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 659.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.26 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 659.25 Td (December ) Tj ET Q q 0 0 0 rg BT 152.98 659.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 167.63 659.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 189.78 659.25 Td (there ) Tj ET Q q 0 0 0 rg BT 211.92 659.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 659.25 Td (109,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.15 659.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 295.29 659.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.99 659.25 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 347.64 659.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.53 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.69 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.17 659.25 Td (share ) Tj ET Q q 0 0 0 rg BT 412.42 659.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 461.76 659.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.91 659.25 Td (were ) Tj ET Q q 0 0 0 rg BT 500.49 659.25 Td (not ) Tj ET Q q 0 0 0 rg BT 515.42 659.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 543.67 659.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (January ) Tj ET Q q 0 0 0 rg BT 83.60 647.25 Td (2017.) 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BT 423.12 565.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 442.77 565.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 498.53 565.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.74 565.25 Td ($1.35 ) Tj ET Q q 0 0 0 rg BT 533.12 565.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.64 553.25 Td (of) Tj ET Q q 0 0 0 rg BT 75.79 553.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 92.32 553.25 Td (against ) Tj ET Q q 0 0 0 rg BT 122.73 553.25 Td (open ) Tj ET Q q 0 0 0 rg BT 144.26 553.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 187.43 553.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 223.95 553.25 Td (due ) Tj ET Q q 0 0 0 rg BT 240.47 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.34 553.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 273.82 553.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 291.18 553.25 Td (from ) Tj ET Q q 0 0 0 rg BT 312.71 553.25 Td (CurePet, ) Tj ET Q q 0 0 0 rg BT 349.51 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.04 553.25 Td (thus ) Tj ET 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Tj ET Q q 0 0 0 rg BT 317.95 541.25 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 352.53 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 366.56 541.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.70 541.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 442.94 541.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.09 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.68 541.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 500.04 541.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.74 541.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 530.61 541.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 541.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 497.25 Td (See accompanying notes to consolidated financial statements.) 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(international ) Tj ET Q q 0 0 0 rg BT 501.95 672.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 537.26 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 672.25 Td (on-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.01 660.25 Td (software ) Tj ET Q q 0 0 0 rg BT 120.78 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.57 660.25 Td (e-commerce ) Tj ET Q q 0 0 0 rg BT 189.33 660.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 227.80 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.81 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.38 660.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 299.54 660.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 333.82 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.61 660.25 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 394.03 660.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 437.77 660.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 459.01 660.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 495.80 660.25 Td (various ) Tj ET Q q 0 0 0 rg BT 527.59 660.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 87.98 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.28 648.25 Td (products ) Tj ET Q q 0 0 0 rg BT 140.58 648.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.11 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.19 648.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 208.36 648.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 243.01 648.25 Td (including ) Tj ET Q q 0 0 0 rg BT 282.64 648.25 Td (data ) Tj ET Q q 0 0 0 rg BT 301.16 648.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 347.17 648.25 Td (carrier ) Tj ET Q q 0 0 0 rg BT 375.11 648.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 411.15 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.45 648.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 457.63 648.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 493.66 648.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.85 648.25 Td (well ) Tj ET Q q 0 0 0 rg BT 522.93 648.25 Td (as ) Tj ET Q q 0 0 0 rg BT 533.13 648.25 Td (custom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (software ) Tj ET Q q 0 0 0 rg BT 85.75 636.25 Td (development. ) Tj ET Q q 0 0 0 rg BT 141.13 636.25 Td (The ) Tj ET Q q 0 0 0 rg BT 158.00 636.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 203.90 636.25 Td (products ) Tj ET Q q 0 0 0 rg BT 239.67 636.25 Td (feature ) Tj ET Q q 0 0 0 rg BT 268.74 636.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 288.95 636.25 Td (customizable ) Tj ET Q q 0 0 0 rg BT 343.03 636.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.80 636.25 Td (scalable ) Tj ET Q q 0 0 0 rg BT 392.32 636.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 438.63 636.25 Td (software ) Tj ET Q q 0 0 0 rg BT 474.38 636.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 511.25 636.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.35 636.25 Td (streamline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.27 624.25 Td (way ) Tj ET Q q 0 0 0 rg BT 82.98 624.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 123.34 624.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 178.16 624.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 211.30 624.25 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 261.97 624.25 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 307.06 624.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 331.05 624.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 369.75 624.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 402.62 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.11 624.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 465.03 624.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 505.53 624.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 624.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (has ) Tj ET Q q 0 0 0 rg BT 66.50 612.25 Td (its ) Tj ET Q q 0 0 0 rg BT 79.12 612.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 133.37 612.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.32 612.25 Td (Johns ) Tj ET Q q 0 0 0 rg BT 170.27 612.25 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 199.81 612.25 Td (Geor) Tj ET Q q 0 0 0 rg BT 219.62 612.25 Td (gia ) Tj ET Q q 0 0 0 rg BT 235.01 612.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.62 612.25 Td (also ) Tj ET Q q 0 0 0 rg BT 271.89 612.25 Td (conducts ) Tj ET Q q 0 0 0 rg BT 310.61 612.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.54 612.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 390.81 612.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.06 612.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 443.38 612.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 479.04 612.25 Td (India, ) Tj ET Q q 0 0 0 rg BT 505.25 612.25 Td (New ) Tj ET Q q 0 0 0 rg BT 527.30 612.25 Td (Zealand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 95.98 600.25 Td (United ) Tj ET Q q 0 0 0 rg BT 126.12 600.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 166.83 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.20 600.25 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 214.06 600.25 Td (International ) Tj ET Q q 0 0 0 rg BT 268.08 600.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 302.65 600.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 346.11 600.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.70 600.25 Td (28.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.53 600.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.96 600.25 Td (22.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.79 600.25 Td (, ) Tj ET Q q 0 0 0 rg BT 423.22 600.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.58 600.25 Td (31.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.41 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.34 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.60 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.75 600.25 Td (Company) Tj ET Q q 0 0 0 rg BT 537.41 600.25 Td (s ) Tj ET Q q 0 0 0 rg BT 544.23 600.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.15 588.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.42 588.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.42 588.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.42 588.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.42 588.25 Td (, ) Tj ET Q q 0 0 0 rg BT 144.42 588.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.36 588.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.36 588.25 Td (, ) Tj ET Q q 0 0 0 rg BT 186.36 588.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 234.02 588.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 566.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.96 566.25 Td (Company) Tj ET Q q 0 0 0 rg BT 133.63 566.25 Td (s ) Tj ET Q q 0 0 0 rg BT 139.93 566.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 177.88 566.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.50 566.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 224.90 566.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.75 566.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.41 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.83 566.25 Td (product/service ) Tj ET Q q 0 0 0 rg BT 329.88 566.25 Td (groups. ) Tj ET Q q 0 0 0 rg BT 362.02 566.25 Td (Presented ) Tj ET Q q 0 0 0 rg BT 403.31 566.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.50 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.13 566.25 Td (table ) Tj ET Q q 0 0 0 rg BT 449.98 566.25 Td (below ) Tj ET Q q 0 0 0 rg BT 476.83 566.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.91 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.54 566.25 Td (breakout ) Tj ET Q q 0 0 0 rg BT 537.94 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 566.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.15 554.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 117.19 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 131.35 554.25 Td (each ) Tj ET Q q 0 0 0 rg BT 152.17 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.00 554.25 Td (those ) Tj ET Q q 0 0 0 rg BT 186.61 554.25 Td (product/service ) Tj ET Q q 0 0 0 rg BT 250.75 554.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 280.47 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.63 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.35 554.25 Td (years ) Tj ET Q q 0 0 0 rg BT 332.94 554.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.32 554.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.91 554.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.91 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 440.41 554.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.41 554.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.41 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.91 554.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.84 554.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.84 554.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 542.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.75 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 490.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 490.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 490.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 490.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.75 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 462.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 462.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 462.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 462.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.75 347.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 434.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 434.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 434.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 434.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 434.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 434.75 51.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 503.75 m 401.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 503.75 m 452.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 503.75 m 507.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 503.75 m 511.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 503.75 m 562.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 490.75 m 397.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 503.75 m 507.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 490.75 m 507.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 503.75 m 562.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 490.75 m 562.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 490.75 m 452.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 490.75 m 507.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 490.75 m 562.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 434.75 m 452.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 434.75 m 507.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 434.75 m 562.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 434.75 m 452.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 422.75 m 452.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 420.75 m 452.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 422.75 m 507.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 420.75 m 507.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 434.75 m 562.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 422.75 m 562.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 420.75 m 562.5 420.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.75 522.43 Td (For the Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.40 508.43 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 494.48 Td (\(dollar ) Tj ET Q q 0 0 0 rg BT 83.28 494.48 Td (amounts ) Tj ET Q q 0 0 0 rg BT 121.35 494.48 Td (in ) Tj ET Q q 0 0 0 rg BT 132.19 494.48 Td (thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 494.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 494.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.50 494.48 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.32 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.10 481.32 Td (206,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.10 481.32 Td (190,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 481.32 Td (169,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.32 Td (Broker ) Tj ET Q q 0 0 0 rg BT 83.27 467.32 Td (P&C ) Tj ET Q q 0 0 0 rg BT 105.78 467.32 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 467.32 Td (14,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 467.32 Td (14,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 467.32 Td (17,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 453.32 Td (Risk ) Tj ET Q q 0 0 0 rg BT 73.84 453.32 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 124.66 453.32 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 164.95 453.32 Td (\(RCS\), ) Tj ET Q q 0 0 0 rg BT 204.39 453.32 Td (fka ) Tj ET Q q 0 0 0 rg BT 219.66 453.32 Td (Business ) Tj ET Q q 0 0 0 rg BT 257.72 453.32 Td (Process ) Tj ET Q q 0 0 0 rg BT 290.77 453.32 Td (Outsourcing ) Tj ET Q q 0 0 0 rg BT 342.71 453.32 Td (\(BPO\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 453.32 Td (74,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 453.32 Td (55,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 453.32 Td (21,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.32 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 83.82 439.32 Td (P&C ) Tj ET Q q 0 0 0 rg BT 106.33 439.32 Td (Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 439.32 Td (3,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 439.32 Td (4,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 439.32 Td (5,123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 425.48 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 425.48 Td (otals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 425.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.10 425.48 Td (298,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 425.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.10 425.48 Td (265,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 425.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.10 425.48 Td (214,321) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 92.51 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.34 398.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 151.04 398.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 201.32 398.25 Td (Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 376.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 124.13 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.36 376.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 145.73 376.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.06 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.75 376.25 Td (The ) Tj ET Q q 0 0 0 rg BT 220.20 376.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 273.64 376.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.52 376.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.63 376.25 Td (include ) Tj ET Q q 0 0 0 rg BT 388.97 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.08 376.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 441.97 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.20 376.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 474.99 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.33 376.25 Td (its ) Tj ET Q q 0 0 0 rg BT 504.67 376.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 535.35 376.25 Td (owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 102.04 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.08 364.25 Td (ef) Tj ET Q q 0 0 0 rg BT 127.67 364.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.16 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.99 364.25 Td (inter) Tj ET Q q 0 0 0 rg BT 174.11 364.25 Td (-company ) Tj ET Q q 0 0 0 rg BT 216.60 364.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 253.52 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.46 364.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 320.72 364.25 Td (has ) Tj ET Q q 0 0 0 rg BT 336.55 364.25 Td (been ) Tj ET Q q 0 0 0 rg BT 357.93 364.25 Td (eliminated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.95 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.90 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.85 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.81 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.76 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.71 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.66 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.61 340.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 119.12 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.40 340.25 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.06 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 200.56 340.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 249.04 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.32 340.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 313.82 340.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.75 340.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 396.91 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.64 340.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 455.03 340.25 Td (with ) Tj ET Q q 0 0 0 rg BT 475.76 340.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.58 340.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.14 328.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 126.05 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.77 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.92 328.25 Td (United ) Tj ET Q q 0 0 0 rg BT 179.08 328.25 Td (States ) Tj ET Q q 0 0 0 rg BT 204.90 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 328.25 Td (America ) Tj ET Q q 0 0 0 rg BT 251.11 328.25 Td (\("GAAP"\) ) Tj ET Q q 0 0 0 rg BT 295.09 328.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 329.24 328.25 Td (management ) Tj ET Q q 0 0 0 rg BT 382.27 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.98 328.25 Td (make ) Tj ET Q q 0 0 0 rg BT 415.58 328.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 454.73 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.11 328.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 522.49 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 539.43 328.25 Td (af) Tj ET Q q 0 0 0 rg BT 547.01 328.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.77 316.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 98.64 316.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 134.07 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.96 316.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.84 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.83 316.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 223.60 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.59 316.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 281.69 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.57 316.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 335.33 316.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.21 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.20 316.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 414.97 316.25 Td (at ) Tj ET Q q 0 0 0 rg BT 423.74 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.51 316.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 459.61 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.49 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.26 316.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 316.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.29 304.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 101.46 304.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 137.20 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.39 304.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 180.89 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.18 304.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 235.13 304.25 Td (during ) Tj ET Q q 0 0 0 rg BT 263.10 304.25 Td (those ) Tj ET Q q 0 0 0 rg BT 286.06 304.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 324.57 304.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 358.36 304.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 412.42 304.25 Td (has ) Tj ET Q q 0 0 0 rg BT 427.60 304.25 Td (made ) Tj ET Q q 0 0 0 rg BT 451.11 304.25 Td (material ) Tj ET Q q 0 0 0 rg BT 485.73 304.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 524.79 304.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (with ) Tj ET Q q 0 0 0 rg BT 71.17 292.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 102.88 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.05 292.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 149.09 292.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 198.02 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.85 292.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 252.55 292.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 290.09 292.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 328.47 292.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 375.44 292.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 413.26 292.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 456.64 292.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 485.86 292.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 515.91 292.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 84.49 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.21 280.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 137.65 280.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 202.69 280.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 246.06 280.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 275.28 280.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 328.95 280.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 374.55 280.25 Td (earnout ) Tj ET Q q 0 0 0 rg BT 407.92 280.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 448.53 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.69 280.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 506.95 280.25 Td (with ) Tj ET Q q 0 0 0 rg BT 528.12 280.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.77 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.71 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.43 268.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 174.71 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.87 268.25 Td (income ) Tj ET Q q 0 0 0 rg BT 220.80 268.25 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 245.80 268.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 274.95 268.25 Td (results ) Tj ET Q q 0 0 0 rg BT 303.56 268.25 Td (may ) Tj ET Q q 0 0 0 rg BT 323.28 268.25 Td (be ) Tj ET Q q 0 0 0 rg BT 335.21 268.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 378.25 268.25 Td (dif) Tj ET Q q 0 0 0 rg BT 389.18 268.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 415.00 268.25 Td (from ) Tj ET Q q 0 0 0 rg BT 436.93 268.25 Td (those ) Tj ET Q q 0 0 0 rg BT 460.54 268.25 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.50 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.00 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.00 256.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.50 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.96 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.92 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.88 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.84 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.80 244.25 Td (Reclassification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.46 244.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 177.46 244.25 Td (C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 184.13 244.25 Td (ertain ) Tj ET Q q 0 0 0 rg BT 209.85 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.14 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.32 244.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 272.60 244.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 309.98 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.38 244.25 Td (results ) Tj ET Q q 0 0 0 rg BT 356.45 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.07 244.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 393.47 244.25 Td (year ) Tj ET Q q 0 0 0 rg BT 413.63 244.25 Td (or ) Tj ET Q q 0 0 0 rg BT 424.92 244.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 447.32 244.25 Td (quarters, ) Tj ET Q q 0 0 0 rg BT 484.99 244.25 Td (including ) Tj ET Q q 0 0 0 rg BT 525.73 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.90 244.25 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 82.84 232.25 Td (have ) Tj ET Q q 0 0 0 rg BT 104.29 232.25 Td (been ) Tj ET Q q 0 0 0 rg BT 125.73 232.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 173.84 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.19 232.25 Td (conform ) Tj ET Q q 0 0 0 rg BT 220.64 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.99 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.78 232.25 Td (current ) Tj ET Q q 0 0 0 rg BT 276.67 232.25 Td (year ) Tj ET Q q 0 0 0 rg BT 296.45 232.25 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 350.20 232.25 Td (The ) Tj ET Q q 0 0 0 rg BT 368.32 232.25 Td (change ) Tj ET Q q 0 0 0 rg BT 399.21 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.56 232.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 441.00 232.25 Td (for ) Tj ET Q q 0 0 0 rg BT 455.23 232.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 492.80 232.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 532.57 232.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.44 220.25 Td (return ) Tj ET Q q 0 0 0 rg BT 90.53 220.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 128.87 220.25 Td (had ) Tj ET Q q 0 0 0 rg BT 145.52 220.25 Td (been ) Tj ET Q q 0 0 0 rg BT 166.62 220.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 211.05 220.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 237.71 220.25 Td (against ) Tj ET Q q 0 0 0 rg BT 268.25 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.68 220.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 322.68 220.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.56 220.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 372.08 220.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 394.85 220.25 Td (line ) Tj ET Q q 0 0 0 rg BT 412.06 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.06 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.49 220.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 489.25 220.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 533.68 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.23 220.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 78.18 208.25 Td (it ) Tj ET Q q 0 0 0 rg BT 87.19 208.25 Td (is ) Tj ET Q q 0 0 0 rg BT 97.32 208.25 Td (now ) Tj ET Q q 0 0 0 rg BT 118.00 208.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 147.57 208.25 Td (separately) Tj ET Q q 0 0 0 rg BT 187.45 208.25 Td (. ) Tj ET Q q 0 0 0 rg BT 192.65 208.25 Td (A) Tj ET Q q 0 0 0 rg BT 199.31 208.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.77 208.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 235.12 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.90 208.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 285.35 208.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 326.01 208.25 Td (income ) Tj ET Q q 0 0 0 rg BT 358.90 208.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.57 208.25 Td (return ) Tj ET Q q 0 0 0 rg BT 401.91 208.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 441.48 208.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 487.16 208.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 523.93 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.16 208.25 Td ("Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Liabilities" ) Tj ET Q q 0 0 0 rg BT 97.86 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.09 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.54 196.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.32 196.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 214.08 196.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 241.75 196.25 Td (are ) Tj ET Q q 0 0 0 rg BT 257.19 196.25 Td (now ) Tj ET Q q 0 0 0 rg BT 277.65 196.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 305.31 196.25 Td (against ) Tj ET Q q 0 0 0 rg BT 336.87 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.32 196.25 Td ("Deferred ) Tj ET Q q 0 0 0 rg BT 395.16 196.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.61 196.25 Td (asset, ) Tj ET Q q 0 0 0 rg BT 435.78 196.25 Td (net" ) Tj ET Q q 0 0 0 rg BT 455.31 196.25 Td (line ) Tj ET Q q 0 0 0 rg BT 473.54 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.55 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.00 196.25 Td (long ) Tj ET Q q 0 0 0 rg BT 521.01 196.25 Td (term ) Tj ET Q q 0 0 0 rg BT 542.57 196.25 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (section ) Tj ET Q q 0 0 0 rg BT 80.83 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.66 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.37 184.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 159.41 184.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 192.45 184.25 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 221.88 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.38 184.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.49 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.97 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.46 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.94 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.43 162.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 143.57 162.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.90 162.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 222.60 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.31 162.25 Td (Company) Tj ET Q q 0 0 0 rg BT 276.54 162.25 Td (, ) Tj ET Q q 0 0 0 rg BT 282.53 162.25 Td (from ) Tj ET Q q 0 0 0 rg BT 305.45 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.16 162.25 Td (perspective ) Tj ET Q q 0 0 0 rg BT 370.17 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.99 162.25 Td (its ) Tj ET Q q 0 0 0 rg BT 394.92 162.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 418.39 162.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.64 162.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 496.45 162.25 Td (maker) Tj ET Q q 0 0 0 rg BT 521.04 162.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.02 162.25 Td (allocates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 90.40 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 150.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 147.33 150.25 Td (business ) Tj ET Q q 0 0 0 rg BT 183.87 150.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 237.03 150.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.01 150.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.09 150.25 Td (single ) Tj ET Q q 0 0 0 rg BT 281.62 150.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 307.04 150.25 Td (that ) Tj ET Q q 0 0 0 rg BT 324.68 150.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 361.76 150.25 Td (software ) Tj ET Q q 0 0 0 rg BT 398.83 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.92 150.25 Td (related ) Tj ET Q q 0 0 0 rg BT 445.76 150.25 Td (services ) Tj ET Q q 0 0 0 rg BT 480.61 150.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.04 150.25 Td (various ) Tj ET Q q 0 0 0 rg BT 523.12 150.25 Td (industries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.44 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.33 138.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 114.54 138.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 139.48 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.14 138.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.47 138.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 225.69 138.25 Td (as ) Tj ET Q q 0 0 0 rg BT 236.46 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.34 138.25 Td (single ) Tj ET Q q 0 0 0 rg BT 269.67 138.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 307.77 138.25 Td (The ) Tj ET Q q 0 0 0 rg BT 325.76 138.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 369.29 138.25 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 433.92 138.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 480.81 138.25 Td (are ) Tj ET Q q 0 0 0 rg BT 495.46 138.25 Td (included ) Tj ET Q q 0 0 0 rg BT 532.34 138.25 Td (in ) Tj ET Q q 0 0 0 rg BT 542.56 138.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (14.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.72 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.45 104.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 128.85 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.69 104.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 172.09 104.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.66 104.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.93 104.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.54 104.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 333.04 104.25 Td (all ) Tj ET Q q 0 0 0 rg BT 345.75 104.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 374.03 104.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 400.09 104.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 450.59 104.25 Td (with ) Tj ET Q q 0 0 0 rg BT 471.09 104.25 Td (an ) Tj ET Q q 0 0 0 rg BT 483.25 104.25 Td (original ) Tj ET Q q 0 0 0 rg BT 517.08 104.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 553.69 104.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (three ) Tj ET Q q 0 0 0 rg BT 72.55 92.25 Td (months ) Tj ET Q q 0 0 0 rg BT 104.56 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 115.45 92.25 Td (less ) Tj ET Q q 0 0 0 rg BT 133.02 92.25 Td (at ) Tj ET Q q 0 0 0 rg BT 142.80 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.58 92.25 Td (time ) Tj ET Q q 0 0 0 rg BT 177.92 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.81 92.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 226.91 92.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.25 92.25 Td (be ) Tj ET Q q 0 0 0 rg BT 249.25 92.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.58 92.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 320.19 92.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 342.75 92.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 393.09 92.25 Td (are ) Tj ET Q q 0 0 0 rg BT 407.86 92.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 433.75 92.25 Td (at ) Tj ET Q q 0 0 0 rg BT 443.53 92.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 464.70 92.25 Td (which ) Tj ET Q q 0 0 0 rg BT 491.70 92.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 548.14 92.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 76.49 80.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.56 80.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.97 80.25 Td (does ) Tj ET Q q 0 0 0 rg BT 156.82 80.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 194.33 80.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.62 80.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 251.57 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.87 80.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 296.60 80.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 343.58 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.88 80.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 382.50 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.35 80.25 Td (federally ) Tj ET Q q 0 0 0 rg BT 431.40 80.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 463.36 80.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 499.77 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.73 80.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 555.33 80.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 85.27 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.55 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.26 68.25 Td (related ) Tj ET Q q 0 0 0 rg BT 139.97 68.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 177.46 68.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.72 68.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 220.22 68.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 263.81 68.25 Td (with ) Tj ET Q q 0 0 0 rg BT 284.09 68.25 Td (such ) Tj ET Q q 0 0 0 rg BT 304.92 68.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 325.19 68.25 Td (deposits.) 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q 0 0 0 rg BT 450.38 742.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 497.20 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.49 742.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 544.22 742.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (established ) Tj ET Q q 0 0 0 rg BT 96.18 730.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 145.13 730.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 179.10 730.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 225.30 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.83 730.25 Td (India ) Tj ET Q q 0 0 0 rg BT 257.12 730.25 Td (that ) Tj ET Q q 0 0 0 rg BT 273.87 730.25 Td (have ) Tj ET Q q 0 0 0 rg BT 294.49 730.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 324.01 730.25 Td (determinable ) Tj ET Q q 0 0 0 rg BT 377.95 730.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 393.58 730.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 423.38 730.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 444.01 730.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 480.75 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.16 730.25 Td (such ) Tj ET Q q 0 0 0 rg BT 514.24 730.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.18 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 81.56 718.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 127.06 718.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 164.77 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.73 718.25 Td (be ) Tj ET Q q 0 0 0 rg BT 186.35 718.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 220.17 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.13 718.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 252.58 718.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 271.43 718.25 Td (or ) Tj ET Q q 0 0 0 rg BT 281.94 718.25 Td (consumed ) Tj ET Q q 0 0 0 rg BT 324.66 718.25 Td (during ) Tj ET Q q 0 0 0 rg BT 352.95 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.35 718.25 Td (year ) Tj ET Q q 0 0 0 rg BT 386.74 718.25 Td (as ) Tj ET Q q 0 0 0 rg BT 397.25 718.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 441.08 718.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 491.04 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 508.21 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.60 718.25 Td (available-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 706.25 Td (-sale. ) Tj ET Q q 0 0 0 rg BT 85.69 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.31 706.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 140.70 706.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 173.77 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.18 706.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 236.03 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.88 706.25 Td (marketable ) Tj ET Q q 0 0 0 rg BT 294.37 706.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 335.21 706.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 392.16 706.25 Td (their ) Tj ET Q q 0 0 0 rg BT 413.56 706.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.51 706.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 457.52 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 476.14 706.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 512.53 706.25 Td (value ) Tj ET Q q 0 0 0 rg BT 537.26 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 706.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 94.16 694.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 144.43 694.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.48 694.25 Td ($3.1) Tj ET Q q 0 0 0 rg BT 179.61 694.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 187.11 694.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.50 694.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.44 694.25 Td ($1.54 ) Tj ET Q q 0 0 0 rg BT 260.44 694.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.33 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.83 694.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.55 694.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 360.13 694.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.13 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.63 694.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.57 694.25 Td (2015) Tj ET Q BT /F1 10.00 Tf 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.50 659.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 147.42 659.05 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.10 659.05 Td (Due ) Tj ET Q q 0 0 0 rg BT 199.81 659.05 Td (to ) Tj ET Q q 0 0 0 rg BT 211.64 659.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.92 659.05 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 277.51 659.05 Td (JV) Tj ET Q q 0 0 0 rg BT 288.45 659.05 Td ( ) Tj ET Q q 0 0 0 rg BT 292.50 659.05 Td (being ) Tj ET Q q 0 0 0 rg BT 318.77 659.05 Td (a ) Tj ET Q q 0 0 0 rg BT 327.26 659.05 Td (third ) Tj ET Q q 0 0 0 rg BT 350.21 659.05 Td (party ) Tj ET Q q 0 0 0 rg BT 374.81 659.05 Td (administrator ) Tj ET Q q 0 0 0 rg BT 432.18 659.05 Td (\(TP) Tj ET Q q 0 0 0 rg BT 450.70 659.05 Td (A\), ) Tj ET Q q 0 0 0 rg BT 472.25 659.05 Td (the ) Tj ET Q q 0 0 0 rg BT 488.52 659.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 531.46 659.05 Td (collects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.05 Td (premiums ) Tj ET Q q 0 0 0 rg BT 93.71 647.05 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(, ) Tj ET Q q 0 0 0 rg BT 553.69 611.05 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.05 Td (part ) Tj ET Q q 0 0 0 rg BT 67.84 599.05 Td (of ) Tj ET Q q 0 0 0 rg BT 78.29 599.05 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 104.46 599.05 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 142.86 599.05 Td (em ) Tj ET Q q 0 0 0 rg BT 157.20 599.05 Td (T) Tj ET Q q 0 0 0 rg BT 162.61 599.05 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 208.78 599.05 Td (SA) Tj ET Q q 0 0 0 rg BT 221.01 599.05 Td ( ) Tj ET Q q 0 0 0 rg BT 223.30 599.05 Td (\("Wdev"\) ) Tj ET Q q 0 0 0 rg BT 264.29 599.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 310.47 599.05 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.20 599.05 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 336.99 599.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.88 599.05 Td ( ) Tj ET Q q 0 0 0 rg BT 368.17 599.05 Td (of ) Tj ET Q q 0 0 0 rg BT 378.79 599.05 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 599.05 Td (upfront ) Tj ET Q q 0 0 0 rg BT 425.03 599.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.09 599.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 501.26 599.05 Td (is ) Tj ET Q q 0 0 0 rg BT 510.22 599.05 Td (being ) Tj ET Q q 0 0 0 rg BT 534.73 599.05 Td (held ) Tj ET Q q 0 0 0 rg BT 554.23 599.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.05 Td (an ) Tj ET Q q 0 0 0 rg BT 62.63 587.05 Td (escrow ) Tj ET Q q 0 0 0 rg BT 94.15 587.05 Td (account ) Tj ET Q q 0 0 0 rg BT 128.44 587.05 Td (for ) Tj ET Q q 0 0 0 rg BT 143.29 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 587.05 Td (thirty-eight ) Tj ET Q q 0 0 0 rg BT 206.89 587.05 Td (month ) Tj ET Q q 0 0 0 rg BT 235.64 587.05 Td (period ) Tj ET Q q 0 0 0 rg BT 264.38 587.05 Td (following ) Tj ET Q q 0 0 0 rg BT 306.46 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 321.88 587.05 Td (ef) Tj ET Q q 0 0 0 rg BT 329.46 587.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 359.86 587.05 Td (date ) Tj ET Q q 0 0 0 rg BT 379.71 587.05 Td (of ) Tj ET Q q 0 0 0 rg BT 391.23 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 406.65 587.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 453.72 587.05 Td (to ) Tj ET Q q 0 0 0 rg BT 464.70 587.05 Td (ensure ) Tj ET Q q 0 0 0 rg BT 493.99 587.05 Td (that ) Tj ET Q q 0 0 0 rg BT 512.18 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 587.05 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.05 Td (business ) Tj ET Q q 0 0 0 rg BT 87.30 575.05 Td (achieves ) Tj ET Q q 0 0 0 rg BT 125.13 575.05 Td (the ) Tj ET Q q 0 0 0 rg BT 140.75 575.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 183.05 575.05 Td (specified ) Tj ET Q q 0 0 0 rg BT 222.55 575.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 252.61 575.05 Td (net ) Tj ET Q q 0 0 0 rg BT 268.23 575.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 303.28 575.05 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 346.40 575.05 Td (which ) Tj ET Q q 0 0 0 rg BT 374.25 575.05 Td (if ) Tj ET Q q 0 0 0 rg BT 383.76 575.05 Td (not ) Tj ET Q q 0 0 0 rg BT 399.95 575.05 Td (achieved ) Tj ET Q q 0 0 0 rg BT 438.88 575.05 Td (will ) Tj ET Q q 0 0 0 rg BT 457.85 575.05 Td (result ) Tj ET Q q 0 0 0 rg BT 483.47 575.05 Td (in ) Tj ET Q q 0 0 0 rg BT 494.65 575.05 Td (said ) Tj ET Q q 0 0 0 rg BT 514.17 575.05 Td (funds ) Tj ET Q q 0 0 0 rg BT 539.79 575.05 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.05 Td (returned ) Tj ET Q q 0 0 0 rg BT 84.99 563.05 Td (to ) Tj ET Q q 0 0 0 rg BT 94.45 563.05 Td (Ebix.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 115.83 563.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.39 563.05 Td (The ) Tj ET Q q 0 0 0 rg BT 134.61 563.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 169.60 563.05 Td (value ) Tj ET Q q 0 0 0 rg BT 192.93 563.05 Td (of ) Tj ET Q q 0 0 0 rg BT 202.94 563.05 Td (our ) Tj ET Q q 0 0 0 rg BT 217.95 563.05 Td (restricted ) Tj ET Q q 0 0 0 rg BT 256.83 563.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.27 563.05 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 563.05 Td ($17.2 ) Tj ET Q q 0 0 0 rg BT 317.67 563.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.57 563.05 Td ( ) Tj ET Q q 0 0 0 rg BT 348.24 563.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.36 563.05 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.56 563.05 Td ( ) Tj ET Q q 0 0 0 rg BT 383.24 563.05 Td (at ) Tj ET Q q 0 0 0 rg BT 392.13 563.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.89 563.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 471.57 563.05 Td (and ) Tj ET Q q 0 0 0 rg BT 487.68 563.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 511.86 563.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 563.05 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 541.05 Td (Fair) Tj ET Q q 0 0 0 rg BT 117.14 541.05 Td ( ) Tj ET Q q 0 0 0 rg BT 120.24 541.05 Td (V) Tj ET Q q 0 0 0 rg BT 126.54 541.05 Td (alue ) Tj ET Q q 0 0 0 rg BT 147.66 541.05 Td (Meaur) Tj ET Q q 0 0 0 rg BT 176.35 541.05 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.34 541.05 Td (The ) Tj ET Q q 0 0 0 rg BT 235.22 541.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.45 541.05 Td (follows ) Tj ET Q q 0 0 0 rg BT 310.78 541.05 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 541.05 Td (relevant ) Tj ET Q q 0 0 0 rg BT 361.87 541.05 Td (GAAP) Tj ET Q q 0 0 0 rg BT 388.72 541.05 Td ( ) Tj ET Q q 0 0 0 rg BT 392.06 541.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 431.49 541.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 473.14 541.05 Td (the ) Tj ET Q q 0 0 0 rg BT 488.69 541.05 Td (determination ) Tj ET Q q 0 0 0 rg BT 547.56 541.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.05 Td (measurement ) Tj ET Q q 0 0 0 rg BT 105.85 529.05 Td (of ) Tj ET Q q 0 0 0 rg BT 116.72 529.05 Td (the ) Tj ET Q q 0 0 0 rg BT 131.47 529.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 147.89 529.05 Td (value ) Tj ET Q q 0 0 0 rg BT 172.08 529.05 Td (of ) Tj ET Q q 0 0 0 rg BT 182.95 529.05 Td (assets/liabilities ) Tj ET Q q 0 0 0 rg BT 248.82 529.05 Td (in ) Tj ET Q q 0 0 0 rg BT 259.14 529.05 Td (which ) Tj ET Q q 0 0 0 rg BT 286.11 529.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 302.53 529.05 Td (value ) Tj ET Q q 0 0 0 rg BT 326.72 529.05 Td (is ) Tj ET Q q 0 0 0 rg BT 335.93 529.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 368.46 529.05 Td (as ) Tj ET Q q 0 0 0 rg BT 379.33 529.05 Td (the ) Tj ET Q q 0 0 0 rg BT 394.08 529.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 434.38 529.05 Td (price ) Tj ET Q q 0 0 0 rg BT 456.90 529.05 Td (that ) Tj ET Q q 0 0 0 rg BT 474.43 529.05 Td (would ) Tj ET Q q 0 0 0 rg BT 501.97 529.05 Td (be ) Tj ET Q q 0 0 0 rg BT 513.95 529.05 Td (received ) Tj ET Q q 0 0 0 rg BT 550.35 529.05 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.05 Td (an ) Tj ET Q q 0 0 0 rg BT 62.24 517.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 84.48 517.05 Td (or ) Tj ET Q q 0 0 0 rg BT 95.60 517.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 115.62 517.05 Td (to ) Tj ET Q q 0 0 0 rg BT 126.20 517.05 Td (transfer ) Tj ET Q q 0 0 0 rg BT 159.54 517.05 Td (a ) Tj ET Q q 0 0 0 rg BT 166.77 517.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 200.68 517.05 Td (\(an ) Tj ET Q q 0 0 0 rg BT 216.25 517.05 Td (exit ) Tj ET Q q 0 0 0 rg BT 234.04 517.05 Td (price\) ) Tj ET Q q 0 0 0 rg BT 260.16 517.05 Td (in ) Tj ET Q q 0 0 0 rg BT 270.74 517.05 Td (the ) Tj ET Q q 0 0 0 rg BT 285.75 517.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 324.09 517.05 Td (or ) Tj ET Q q 0 0 0 rg BT 335.22 517.05 Td (most ) Tj ET Q q 0 0 0 rg BT 357.47 517.05 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 414.69 517.05 Td (market ) Tj ET Q q 0 0 0 rg BT 445.26 517.05 Td (for ) Tj ET Q q 0 0 0 rg BT 459.72 517.05 Td (the ) Tj ET Q q 0 0 0 rg BT 474.73 517.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 496.97 517.05 Td (or ) Tj ET Q q 0 0 0 rg BT 508.10 517.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 542.01 517.05 Td (in ) Tj ET Q q 0 0 0 rg BT 552.58 517.05 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.05 Td (orderly ) Tj ET Q q 0 0 0 rg BT 81.78 505.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 128.56 505.05 Td (valuation ) Tj ET Q q 0 0 0 rg BT 168.68 505.05 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 209.34 505.05 Td (which ) Tj ET Q q 0 0 0 rg BT 236.68 505.05 Td (requires ) Tj ET Q q 0 0 0 rg BT 271.79 505.05 Td (an ) Tj ET Q q 0 0 0 rg BT 284.14 505.05 Td (entity ) Tj ET Q q 0 0 0 rg BT 309.81 505.05 Td (to ) Tj ET Q q 0 0 0 rg BT 320.50 505.05 Td (maximize ) Tj ET Q q 0 0 0 rg BT 362.83 505.05 Td (the ) Tj ET Q q 0 0 0 rg BT 377.95 505.05 Td (use ) Tj ET Q q 0 0 0 rg BT 394.19 505.05 Td (of ) Tj ET Q q 0 0 0 rg BT 405.42 505.05 Td (observable ) Tj ET Q q 0 0 0 rg BT 451.65 505.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 479.00 505.05 Td (when ) Tj ET Q q 0 0 0 rg BT 503.56 505.05 Td (measuring ) Tj ET Q q 0 0 0 rg BT 548.13 505.05 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.05 Td (value. ) Tj ET Q q 0 0 0 rg BT 76.47 493.05 Td (The ) Tj ET Q q 0 0 0 rg BT 94.52 493.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 133.12 493.05 Td (describes ) Tj ET Q q 0 0 0 rg BT 172.82 493.05 Td (the ) Tj ET Q q 0 0 0 rg BT 187.54 493.05 Td (following ) Tj ET Q q 0 0 0 rg BT 228.93 493.05 Td (three ) Tj ET Q q 0 0 0 rg BT 251.41 493.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 277.24 493.05 Td (of ) Tj ET Q q 0 0 0 rg BT 288.07 493.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 315.01 493.05 Td (that ) Tj ET Q q 0 0 0 rg BT 332.51 493.05 Td (may ) Tj ET Q q 0 0 0 rg BT 352.23 493.05 Td (be ) Tj ET Q q 0 0 0 rg BT 364.17 493.05 Td (used ) Tj ET Q q 0 0 0 rg BT 385.00 493.05 Td (in ) Tj ET Q q 0 0 0 rg BT 395.27 493.05 Td (the ) Tj ET Q q 0 0 0 rg BT 409.99 493.05 Td (methodology ) Tj ET Q q 0 0 0 rg BT 465.26 493.05 Td (to ) Tj ET Q q 0 0 0 rg BT 475.54 493.05 Td (measure ) Tj ET Q q 0 0 0 rg BT 511.36 493.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 527.73 493.05 Td (value:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 86 476.7169921875 m 116.263671875 476.7169921875 l s q 0 0 0 rg BT 86.00 478.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.26 478.05 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 478.05 Td ( ) Tj ET Q q 0 0 0 rg BT 118.76 478.05 Td ( ) Tj ET Q q 0 0 0 rg BT 131.26 478.05 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 163.20 478.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 189.58 478.05 Td (available ) Tj ET Q q 0 0 0 rg BT 228.17 478.05 Td (in ) Tj ET Q q 0 0 0 rg BT 238.45 478.05 Td (active ) Tj ET Q q 0 0 0 rg BT 264.82 478.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 298.97 478.05 Td (for ) Tj ET Q q 0 0 0 rg BT 313.13 478.05 Td (identical ) Tj ET Q q 0 0 0 rg BT 350.06 478.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 400.34 478.05 Td (as ) Tj ET Q q 0 0 0 rg BT 411.17 478.05 Td (of ) Tj ET Q q 0 0 0 rg BT 422.00 478.05 Td (the ) Tj ET Q q 0 0 0 rg BT 436.71 478.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 475.87 478.05 Td (date;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 463.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 86 461.7169921875 m 116.2529296875 461.7169921875 l s q 0 0 0 rg BT 86.00 463.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.25 463.05 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.25 463.05 Td ( ) Tj ET Q q 0 0 0 rg BT 118.74 463.05 Td ( ) Tj ET Q q 0 0 0 rg BT 131.23 463.05 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 158.72 463.05 Td (other ) Tj ET Q q 0 0 0 rg BT 181.76 463.05 Td (than ) Tj ET Q q 0 0 0 rg BT 201.46 463.05 Td (quoted ) Tj ET Q q 0 0 0 rg BT 231.17 463.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 257.54 463.05 Td (in ) Tj ET Q q 0 0 0 rg BT 267.80 463.05 Td (active ) Tj ET Q q 0 0 0 rg BT 294.16 463.05 Td (markets, ) Tj ET Q q 0 0 0 rg BT 330.81 463.05 Td (which ) Tj ET Q q 0 0 0 rg BT 357.74 463.05 Td (are ) Tj ET Q q 0 0 0 rg BT 372.43 463.05 Td (either ) Tj ET Q q 0 0 0 rg BT 397.69 463.05 Td (directly ) Tj ET Q q 0 0 0 rg BT 430.72 463.05 Td (or ) Tj ET Q q 0 0 0 rg BT 441.54 463.05 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 482.35 463.05 Td (observable ) Tj ET Q q 0 0 0 rg BT 528.15 463.05 Td (as ) Tj ET Q q 0 0 0 rg BT 538.97 463.05 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 463.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 451.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 125.16 451.05 Td (date; ) Tj ET Q q 0 0 0 rg BT 147.09 451.05 Td (and,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 436.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 86 434.7169921875 m 115.974609375 434.7169921875 l s q 0 0 0 rg BT 86.00 436.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.97 436.05 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.97 436.05 Td ( ) Tj ET Q q 0 0 0 rg BT 118.19 436.05 Td ( ) Tj ET Q q 0 0 0 rg BT 130.40 436.05 Td (Unobservable ) Tj ET Q q 0 0 0 rg BT 188.14 436.05 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 217.30 436.05 Td (which ) Tj ET Q q 0 0 0 rg BT 243.95 436.05 Td (are ) Tj ET Q q 0 0 0 rg BT 258.37 436.05 Td (to ) Tj ET Q q 0 0 0 rg BT 268.36 436.05 Td (be ) Tj ET Q q 0 0 0 rg BT 280.01 436.05 Td (used ) Tj ET Q q 0 0 0 rg BT 300.55 436.05 Td (in ) Tj ET Q q 0 0 0 rg BT 310.54 436.05 Td (situations ) Tj ET Q q 0 0 0 rg BT 351.09 436.05 Td (where ) Tj ET Q q 0 0 0 rg BT 377.73 436.05 Td (there ) Tj ET Q q 0 0 0 rg BT 399.92 436.05 Td (is ) Tj ET Q q 0 0 0 rg BT 408.80 436.05 Td (little ) Tj ET Q q 0 0 0 rg BT 429.34 436.05 Td (or ) Tj ET Q q 0 0 0 rg BT 439.88 436.05 Td (no ) Tj ET Q q 0 0 0 rg BT 452.10 436.05 Td (market ) Tj ET Q q 0 0 0 rg BT 482.07 436.05 Td (activity ) Tj ET Q q 0 0 0 rg BT 514.27 436.05 Td (for ) Tj ET Q q 0 0 0 rg BT 528.14 436.05 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 436.05 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.05 Td (or ) Tj ET Q q 0 0 0 rg BT 96.26 424.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 129.30 424.05 Td (and ) Tj ET Q q 0 0 0 rg BT 145.67 424.05 Td (wherein ) Tj ET Q q 0 0 0 rg BT 179.81 424.05 Td (the ) Tj ET Q q 0 0 0 rg BT 193.96 424.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 232.54 424.05 Td (entity ) Tj ET Q q 0 0 0 rg BT 257.25 424.05 Td (makes ) Tj ET Q q 0 0 0 rg BT 284.73 424.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 323.87 424.05 Td (and ) Tj ET Q q 0 0 0 rg BT 340.24 424.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 391.62 424.05 Td (related ) Tj ET Q q 0 0 0 rg BT 420.75 424.05 Td (to ) Tj ET Q q 0 0 0 rg BT 430.46 424.05 Td (the ) Tj ET Q q 0 0 0 rg BT 444.61 424.05 Td (pricing ) Tj ET Q q 0 0 0 rg BT 474.86 424.05 Td (of ) Tj ET Q q 0 0 0 rg BT 485.13 424.05 Td (the ) Tj ET Q q 0 0 0 rg BT 499.27 424.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 520.64 424.05 Td (or ) Tj ET Q q 0 0 0 rg BT 530.90 424.05 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.05 Td (including ) Tj ET Q q 0 0 0 rg BT 126.27 412.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 178.22 412.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 219.04 412.05 Td (risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 397.05 Td ( ) Tj ET Q q 0 0 0 rg BT 88.50 397.05 Td ( ) Tj ET Q q 0 0 0 rg BT 91.00 397.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 382.05 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 382.05 Td ( ) Tj ET Q q 0 0 0 rg BT 95.17 382.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 132.65 382.05 Td (instrument) Tj ET Q q 0 0 0 rg BT 178.21 382.05 Td (s ) Tj ET Q q 0 0 0 rg BT 184.60 382.05 Td (level ) Tj ET Q q 0 0 0 rg BT 206.53 382.05 Td (within ) Tj ET Q q 0 0 0 rg BT 234.59 382.05 Td (the ) Tj ET Q q 0 0 0 rg BT 249.31 382.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 265.69 382.05 Td (value ) Tj ET Q q 0 0 0 rg BT 289.84 382.05 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 330.10 382.05 Td (is ) Tj ET Q q 0 0 0 rg BT 339.27 382.05 Td (based ) Tj ET Q q 0 0 0 rg BT 364.54 382.05 Td (on ) Tj ET Q q 0 0 0 rg BT 377.04 382.05 Td (the ) Tj ET Q q 0 0 0 rg BT 391.76 382.05 Td (lowest ) Tj ET Q q 0 0 0 rg BT 420.37 382.05 Td (level ) Tj ET Q q 0 0 0 rg BT 442.31 382.05 Td (of ) Tj ET Q q 0 0 0 rg BT 453.14 382.05 Td (any ) Tj ET Q q 0 0 0 rg BT 470.08 382.05 Td (input ) Tj ET Q q 0 0 0 rg BT 493.14 382.05 Td (that ) Tj ET Q q 0 0 0 rg BT 510.63 382.05 Td (is ) Tj ET Q q 0 0 0 rg BT 519.80 382.05 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.05 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 370.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 370.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.37 370.05 Td (value ) Tj ET Q q 0 0 0 rg BT 115.53 370.05 Td (measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 348.05 Td (As ) Tj ET Q q 0 0 0 rg BT 99.28 348.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.77 348.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 168.02 348.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.02 348.05 Td ( ) Tj ET Q q 0 0 0 rg BT 190.19 348.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.79 348.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.79 348.05 Td ( ) Tj ET Q q 0 0 0 rg BT 228.95 348.05 Td (the ) Tj ET Q q 0 0 0 rg BT 243.33 348.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.39 348.05 Td (has ) Tj ET Q q 0 0 0 rg BT 299.88 348.05 Td (the ) Tj ET Q q 0 0 0 rg BT 314.26 348.05 Td (following ) Tj ET Q q 0 0 0 rg BT 355.31 348.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.46 348.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 441.29 348.05 Td (to ) Tj ET Q q 0 0 0 rg BT 451.23 348.05 Td (which ) Tj ET Q q 0 0 0 rg BT 477.83 348.05 Td (it ) Tj ET Q q 0 0 0 rg BT 485.55 348.05 Td (had ) Tj ET Q q 0 0 0 rg BT 502.16 348.05 Td (to ) Tj ET Q q 0 0 0 rg BT 512.10 348.05 Td (consider ) Tj ET Q q 0 0 0 rg BT 548.14 348.05 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.05 Td (values ) Tj ET Q q 0 0 0 rg BT 78.05 336.05 Td (and ) Tj ET Q q 0 0 0 rg BT 94.99 336.05 Td (had ) Tj ET Q q 0 0 0 rg BT 111.92 336.05 Td (to ) Tj ET Q q 0 0 0 rg BT 122.20 336.05 Td (make ) Tj ET Q q 0 0 0 rg BT 146.36 336.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 162.73 336.05 Td (assessments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 324.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 324.05 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 131.83 324.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 182.10 324.05 Td (for ) Tj ET Q q 0 0 0 rg BT 196.26 324.05 Td (which ) Tj ET Q q 0 0 0 rg BT 223.20 324.05 Td (the ) Tj ET Q q 0 0 0 rg BT 237.91 324.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.29 324.05 Td (values ) Tj ET Q q 0 0 0 rg BT 282.34 324.05 Td (are ) Tj ET Q q 0 0 0 rg BT 297.04 324.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 337.86 324.05 Td (as ) Tj ET Q q 0 0 0 rg BT 348.69 324.05 Td (a ) Tj ET Q q 0 0 0 rg BT 355.63 324.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 380.89 324.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 388.39 324.05 Td (instrument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 312.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 312.05 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 132.85 312.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 166.35 312.05 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 202.08 312.05 Td (business ) Tj ET Q q 0 0 0 rg BT 238.38 312.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 284.67 312.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 340.96 312.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 380.58 312.05 Td (for ) Tj ET Q q 0 0 0 rg BT 394.65 312.05 Td (which ) Tj ET Q q 0 0 0 rg BT 421.50 312.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.79 312.05 Td (values ) Tj ET Q q 0 0 0 rg BT 465.75 312.05 Td (are ) Tj ET Q q 0 0 0 rg BT 480.37 312.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 521.09 312.05 Td (as ) Tj ET Q q 0 0 0 rg BT 531.84 312.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 557.01 312.05 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 300.05 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 139.09 300.05 Td (These ) Tj ET Q q 0 0 0 rg BT 167.19 300.05 Td (contingent ) Tj ET Q q 0 0 0 rg BT 213.63 300.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 271.73 300.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 313.17 300.05 Td (were ) Tj ET Q q 0 0 0 rg BT 336.83 300.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 376.03 300.05 Td (at ) Tj ET Q q 0 0 0 rg BT 387.48 300.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 405.58 300.05 Td (value ) Tj ET Q q 0 0 0 rg BT 431.47 300.05 Td (on ) Tj ET Q q 0 0 0 rg BT 445.69 300.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.14 300.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 510.25 300.05 Td (date ) Tj ET Q q 0 0 0 rg BT 531.13 300.05 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 300.05 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 288.05 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 135.00 288.05 Td (periodically ) Tj ET Q q 0 0 0 rg BT 185.67 288.05 Td (based ) Tj ET Q q 0 0 0 rg BT 211.36 288.05 Td (on ) Tj ET Q q 0 0 0 rg BT 224.27 288.05 Td (the ) Tj ET Q q 0 0 0 rg BT 239.40 288.05 Td (then ) Tj ET Q q 0 0 0 rg BT 259.54 288.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 296.33 288.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 313.12 288.05 Td (value ) Tj ET Q q 0 0 0 rg BT 337.69 288.05 Td (and ) Tj ET Q q 0 0 0 rg BT 355.05 288.05 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 391.29 288.05 Td (if ) Tj ET Q q 0 0 0 rg BT 400.31 288.05 Td (necessary) Tj ET Q q 0 0 0 rg BT 438.53 288.05 Td (. ) Tj ET Q q 0 0 0 rg BT 443.73 288.05 Td (The ) Tj ET Q q 0 0 0 rg BT 462.20 288.05 Td (increases ) Tj ET Q q 0 0 0 rg BT 501.76 288.05 Td (or ) Tj ET Q q 0 0 0 rg BT 513.00 288.05 Td (decreases ) Tj ET Q q 0 0 0 rg BT 554.22 288.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 276.05 Td (the ) Tj ET Q q 0 0 0 rg BT 101.16 276.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.99 276.05 Td (value ) Tj ET Q q 0 0 0 rg BT 142.59 276.05 Td (of ) Tj ET Q q 0 0 0 rg BT 153.86 276.05 Td (contingent ) Tj ET Q q 0 0 0 rg BT 199.02 276.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 255.84 276.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 289.88 276.05 Td (can ) Tj ET Q q 0 0 0 rg BT 306.70 276.05 Td (result ) Tj ET Q q 0 0 0 rg BT 331.86 276.05 Td (from ) Tj ET Q q 0 0 0 rg BT 354.25 276.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 389.40 276.05 Td (in ) Tj ET Q q 0 0 0 rg BT 400.12 276.05 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 446.94 276.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 481.53 276.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 507.80 276.05 Td (or ) Tj ET Q q 0 0 0 rg BT 519.08 276.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 276.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 264.05 Td (assumed ) Tj ET Q q 0 0 0 rg BT 123.26 264.05 Td (discount ) Tj ET Q q 0 0 0 rg BT 159.98 264.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 192.24 264.05 Td (and ) Tj ET Q q 0 0 0 rg BT 209.51 264.05 Td (rates. ) Tj ET Q q 0 0 0 rg BT 233.09 264.05 Td (As ) Tj ET Q q 0 0 0 rg BT 247.03 264.05 Td (the ) Tj ET Q q 0 0 0 rg BT 262.07 264.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 278.77 264.05 Td (value ) Tj ET Q q 0 0 0 rg BT 303.25 264.05 Td (measure ) Tj ET Q q 0 0 0 rg BT 339.39 264.05 Td (is ) Tj ET Q q 0 0 0 rg BT 348.89 264.05 Td (based ) Tj ET Q q 0 0 0 rg BT 374.49 264.05 Td (on ) Tj ET Q q 0 0 0 rg BT 387.31 264.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 432.35 264.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 459.62 264.05 Td (that ) Tj ET Q q 0 0 0 rg BT 477.45 264.05 Td (are ) Tj ET Q q 0 0 0 rg BT 492.48 264.05 Td (not ) Tj ET Q q 0 0 0 rg BT 508.08 264.05 Td (observable ) Tj ET Q q 0 0 0 rg BT 554.22 264.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 252.05 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 252.05 Td (market, ) Tj ET Q q 0 0 0 rg BT 133.48 252.05 Td (they ) Tj ET Q q 0 0 0 rg BT 153.20 252.05 Td (are ) Tj ET Q q 0 0 0 rg BT 167.90 252.05 Td (categorized ) Tj ET Q q 0 0 0 rg BT 216.48 252.05 Td (as ) Tj ET Q q 0 0 0 rg BT 227.31 252.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 252.58 252.05 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 225.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 111.58 225.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.37 225.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 198.84 225.05 Td (not ) Tj ET Q q 0 0 0 rg BT 214.43 225.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 255.55 225.05 Td (at ) Tj ET Q q 0 0 0 rg BT 265.58 225.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.27 225.05 Td (value ) Tj ET Q q 0 0 0 rg BT 306.73 225.05 Td (on ) Tj ET Q q 0 0 0 rg BT 319.54 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 334.56 225.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 381.95 225.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 435.30 225.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 468.65 225.05 Td (sheets ) Tj ET Q q 0 0 0 rg BT 495.89 225.05 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 225.05 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 213.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.07 213.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.07 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 111.38 213.05 Td (but ) Tj ET Q q 0 0 0 rg BT 126.47 213.05 Td (which ) Tj ET Q q 0 0 0 rg BT 153.22 213.05 Td (require ) Tj ET Q q 0 0 0 rg BT 183.85 213.05 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 226.71 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 213.05 Td (their ) Tj ET Q q 0 0 0 rg BT 257.99 213.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 274.18 213.05 Td (values ) Tj ET Q q 0 0 0 rg BT 302.04 213.05 Td (include: ) Tj ET Q q 0 0 0 rg BT 336.57 213.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.65 213.05 Td (and ) Tj ET Q q 0 0 0 rg BT 373.40 213.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.49 213.05 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 443.84 213.05 Td (accounts ) Tj ET Q q 0 0 0 rg BT 481.14 213.05 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 527.03 213.05 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 84.05 201.05 Td (and ) Tj ET Q q 0 0 0 rg BT 101.45 201.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 135.49 201.05 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 177.05 201.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 211.09 201.05 Td (payroll ) Tj ET Q q 0 0 0 rg BT 242.37 201.05 Td (and ) Tj ET Q q 0 0 0 rg BT 259.77 201.05 Td (related ) Tj ET Q q 0 0 0 rg BT 289.93 201.05 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 327.04 201.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 356.65 201.05 Td (lease ) Tj ET Q q 0 0 0 rg BT 379.59 201.05 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 429.50 201.05 Td (and ) Tj ET Q q 0 0 0 rg BT 446.89 201.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 467.07 201.05 Td (under ) Tj ET Q q 0 0 0 rg BT 492.79 201.05 Td (the ) Tj ET Q q 0 0 0 rg BT 507.97 201.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 533.69 201.05 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.05 Td (with ) Tj ET Q q 0 0 0 rg BT 70.25 189.05 Td (Regions ) Tj ET Q q 0 0 0 rg BT 105.50 189.05 Td (Bank. ) Tj ET Q q 0 0 0 rg BT 131.41 189.05 Td (The ) Tj ET Q q 0 0 0 rg BT 149.43 189.05 Td (estimated ) Tj ET Q q 0 0 0 rg BT 190.22 189.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 206.57 189.05 Td (value ) Tj ET Q q 0 0 0 rg BT 230.70 189.05 Td (of ) Tj ET Q q 0 0 0 rg BT 241.50 189.05 Td (such ) Tj ET Q q 0 0 0 rg BT 262.30 189.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 311.44 189.05 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.13 189.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 379.69 189.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.69 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 402.16 189.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.07 189.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.07 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 441.55 189.05 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 487.34 189.05 Td (approximates ) Tj ET Q q 0 0 0 rg BT 543.68 189.05 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.82 177.05 Td (value ) Tj ET Q q 0 0 0 rg BT 109.97 177.05 Td (as ) Tj ET Q q 0 0 0 rg BT 120.80 177.05 Td (reported ) Tj ET Q q 0 0 0 rg BT 156.62 177.05 Td (on ) Tj ET Q q 0 0 0 rg BT 169.12 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 183.83 177.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 236.88 177.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 269.91 177.05 Td (sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 162.05 Td (Additional ) Tj ET Q q 0 0 0 rg BT 130.92 162.05 Td (information ) Tj ET Q q 0 0 0 rg BT 180.29 162.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 220.75 162.05 Td (the ) Tj ET Q q 0 0 0 rg BT 235.12 162.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 281.85 162.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 307.33 162.05 Td (and ) Tj ET Q q 0 0 0 rg BT 323.92 162.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 363.29 162.05 Td (that ) Tj ET Q q 0 0 0 rg BT 380.44 162.05 Td (are ) Tj ET Q q 0 0 0 rg BT 394.79 162.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 435.26 162.05 Td (at ) Tj ET Q q 0 0 0 rg BT 444.63 162.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 460.66 162.05 Td (value ) Tj ET Q q 0 0 0 rg BT 484.46 162.05 Td (on ) Tj ET Q q 0 0 0 rg BT 496.61 162.05 Td (a ) Tj ET Q q 0 0 0 rg BT 503.20 162.05 Td (recurring ) Tj ET Q q 0 0 0 rg BT 542.00 162.05 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.05 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 150.05 Td (presented ) Tj ET Q q 0 0 0 rg BT 99.99 150.05 Td (in ) Tj ET Q q 0 0 0 rg BT 110.26 150.05 Td (the ) Tj ET Q q 0 0 0 rg BT 124.98 150.05 Td (following ) Tj ET Q q 0 0 0 rg BT 166.37 150.05 Td (tables:) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 644.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 644.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 644.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 644.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 644.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 644.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 614.50 180.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 614.50 7.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 614.50 71.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 614.50 72.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 614.50 70.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 614.50 72.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 545.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 545.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 545.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 545.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 545.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 545.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 515.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 515.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 515.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 515.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 515.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 515.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 475.50 180.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 475.50 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 475.50 71.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 475.50 72.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 475.50 70.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 475.50 72.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 436.50 472.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 733.5 m 327.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 733.5 m 399.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 733.5 m 469.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 733.5 m 541.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 733.5 m 327.5 733.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 659.5 m 327.5 659.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 659.5 m 399.5 659.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 659.5 m 469.5 659.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 659.5 m 541.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 569.5 m 399.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 569.5 m 469.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 569.5 m 541.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 569.5 m 327.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 546.5 m 327.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 544.5 m 327.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 569.5 m 399.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 546.5 m 399.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 544.5 m 399.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 569.5 m 469.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 546.5 m 469.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 544.5 m 469.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 569.5 m 541.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 546.5 m 541.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 544.5 m 541.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 475.5 m 399.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 475.5 m 469.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 475.5 m 541.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 475.5 m 327.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 452.5 m 327.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 450.5 m 327.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 475.5 m 399.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 452.5 m 399.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 450.5 m 399.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 475.5 m 469.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 452.5 m 469.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 450.5 m 469.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 475.5 m 541.5 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 452.5 m 541.5 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 450.5 m 541.5 450.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.70 738.18 Td (Fair Values at Reporting Date Using*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.30 664.18 Td (Descriptions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.10 684.18 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.40 674.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 664.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.85 724.18 Td (Quoted Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.25 714.18 Td (in Active) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.40 704.18 Td (Markets for) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.10 694.18 Td (Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.75 684.18 Td (Assets or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 674.18 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.25 664.18 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.90 704.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.30 694.18 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.55 684.18 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.10 674.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.25 664.18 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.90 694.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.55 684.18 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.10 674.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.25 664.18 Td (\(Level 3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.50 649.18 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 632.61259765625 m 98.6650390625 632.61259765625 l s q 0 0 0 rg BT 72.00 634.18 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 617.8333984375 m 186.8388671875 617.8333984375 l s q 0 0 0 rg BT 72.00 619.17 Td (Available-for-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 604.17 Td (Commercial bank certificates of deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 594.17 Td (\($925 thousand is recorded in the long) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 584.17 Td (term asset section of the consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 574.17 Td (balance sheets in "Other ) Tj ET Q q 0 0 0 rg BT 171.05 574.17 Td (Assets"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 574.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 574.17 Td (4,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 574.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 574.17 Td (4,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 574.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 574.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 574.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 574.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 550.18 Td (Total assets measured at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 550.17 Td (4,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 550.17 Td (4,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 550.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 550.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 550.17 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 518.61259765625 m 114.783203125 518.61259765625 l s q 0 0 0 rg BT 72.00 520.18 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 503.8333984375 m 120.8720703125 503.8333984375 l s q 0 0 0 rg BT 72.00 505.17 Td (Derivatives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.17 Td (Contingent accrued earn-out) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 480.17 Td (acquisition consideration \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 480.17 Td (8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 480.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 480.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 480.17 Td (8,510) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 456.18 Td (Total liabilities measured at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 456.17 Td (8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 456.17 Td (8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 426.17 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 85.89 426.17 Td (The ) Tj ET Q q 0 0 0 rg BT 104.25 426.17 Td (income ) Tj ET Q q 0 0 0 rg BT 136.59 426.17 Td (valuation ) Tj ET Q q 0 0 0 rg BT 176.71 426.17 Td (approach ) Tj ET Q q 0 0 0 rg BT 216.26 426.17 Td (is ) Tj ET Q q 0 0 0 rg BT 225.84 426.17 Td (applied ) Tj ET Q q 0 0 0 rg BT 258.18 426.17 Td (and ) Tj ET Q q 0 0 0 rg BT 275.52 426.17 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 426.17 Td (valuation ) Tj ET Q q 0 0 0 rg BT 330.76 426.17 Td (inputs ) Tj ET Q q 0 0 0 rg BT 358.12 426.17 Td (include ) Tj ET Q q 0 0 0 rg BT 390.46 426.17 Td (the ) Tj ET Q q 0 0 0 rg BT 405.58 426.17 Td (contingent ) Tj ET Q q 0 0 0 rg BT 450.70 426.17 Td (payment ) Tj ET Q q 0 0 0 rg BT 488.04 426.17 Td (arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 416.17 Td (terms, ) Tj ET Q q 0 0 0 rg BT 99.22 416.17 Td (projected ) Tj ET Q q 0 0 0 rg BT 138.92 416.17 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.19 416.17 Td (flows, ) Tj ET Q q 0 0 0 rg BT 186.41 416.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.89 416.17 Td (of ) Tj ET Q q 0 0 0 rg BT 214.72 416.17 Td (return, ) Tj ET Q q 0 0 0 rg BT 243.60 416.17 Td (and ) Tj ET Q q 0 0 0 rg BT 260.54 416.17 Td (probability ) Tj ET Q q 0 0 0 rg BT 306.92 416.17 Td (assessments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.17 Td (* ) Tj ET Q q 0 0 0 rg BT 79.50 401.17 Td (During ) Tj ET Q q 0 0 0 rg BT 110.33 401.17 Td (the ) Tj ET Q q 0 0 0 rg BT 125.05 401.17 Td (year ) Tj ET Q q 0 0 0 rg BT 144.75 401.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 171.13 401.17 Td (December ) Tj ET Q q 0 0 0 rg BT 214.71 401.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 229.71 401.17 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.21 401.17 Td (there ) Tj ET Q q 0 0 0 rg BT 274.70 401.17 Td (were ) Tj ET Q q 0 0 0 rg BT 296.63 401.17 Td (no ) Tj ET Q q 0 0 0 rg BT 309.13 401.17 Td (transfers ) Tj ET Q q 0 0 0 rg BT 346.06 401.17 Td (between ) Tj ET Q q 0 0 0 rg BT 381.87 401.17 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.25 401.17 Td (value ) Tj ET Q q 0 0 0 rg BT 422.41 401.17 Td (Levels ) Tj ET Q q 0 0 0 rg BT 451.56 401.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 461.56 401.17 Td (2 ) Tj ET Q q 0 0 0 rg BT 469.06 401.17 Td (or ) Tj ET Q q 0 0 0 rg BT 479.89 401.17 Td (3.) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 264.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 264.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 264.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 264.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 264.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 264.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 234.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 234.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 234.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 234.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 234.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 234.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 195.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 195.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 195.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 195.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 195.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 195.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 165.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 165.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 165.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 165.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 165.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 165.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 125.50 180.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 125.50 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 125.50 71.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 125.50 72.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 125.50 70.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 125.50 72.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 86.50 472.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 353.5 m 327.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 353.5 m 399.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 353.5 m 469.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 353.5 m 541.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 353.5 m 327.5 353.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 279.5 m 327.5 279.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 279.5 m 399.5 279.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 279.5 m 469.5 279.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 279.5 m 541.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 219.5 m 327.5 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 196.5 m 327.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 194.5 m 327.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 219.5 m 399.5 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 196.5 m 399.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 194.5 m 399.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 219.5 m 469.5 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 196.5 m 469.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 194.5 m 469.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 219.5 m 541.5 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 196.5 m 541.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 194.5 m 541.5 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 125.5 m 327.5 125.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 102.5 m 327.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 100.5 m 327.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 125.5 m 399.5 125.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 102.5 m 399.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 100.5 m 399.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 125.5 m 469.5 125.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 102.5 m 469.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 100.5 m 469.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 125.5 m 541.5 125.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 102.5 m 541.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 100.5 m 541.5 100.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.70 358.18 Td (Fair Values at Reporting Date Using*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.30 284.18 Td (Descriptions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.10 304.18 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.40 294.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 284.18 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.85 344.18 Td (Quoted Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.25 334.18 Td (in Active) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.40 324.18 Td (Markets for) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.10 314.18 Td (Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.75 304.18 Td (Assets or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 294.18 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.25 284.18 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.90 324.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.30 314.18 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.55 304.18 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.10 294.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.25 284.18 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.90 314.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.55 304.18 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.10 294.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.25 284.18 Td (\(Level 3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.50 269.18 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 252.61259765625005 m 98.6650390625 252.61259765625005 l s q 0 0 0 rg BT 72.00 254.18 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 237.83339843750002 m 186.8388671875 237.83339843750002 l s q 0 0 0 rg BT 72.00 239.17 Td (Available-for-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 224.17 Td (Commercial bank certificates of deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 224.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 224.17 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 224.17 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 224.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 224.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 200.18 Td (Total assets measured at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 200.17 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 200.17 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 200.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 200.17 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 168.61259765625005 m 114.783203125 168.61259765625005 l s q 0 0 0 rg BT 72.00 170.18 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 153.83339843750002 m 120.8720703125 153.83339843750002 l s q 0 0 0 rg BT 72.00 155.17 Td (Derivatives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 140.17 Td (Contingent accrued earn-out) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 130.17 Td (acquisition consideration \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 130.17 Td (4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 130.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 130.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 130.17 Td (4,277) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 106.18 Td (Total liabilities measured at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 106.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 106.17 Td (4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 106.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 106.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 106.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 106.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 106.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 106.17 Td (4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 76.17 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 85.89 76.17 Td (The ) Tj ET Q q 0 0 0 rg BT 104.25 76.17 Td (income ) Tj ET Q q 0 0 0 rg BT 136.59 76.17 Td (valuation ) Tj ET Q q 0 0 0 rg BT 176.71 76.17 Td (approach ) Tj ET Q q 0 0 0 rg BT 216.26 76.17 Td (is ) Tj ET Q q 0 0 0 rg BT 225.84 76.17 Td (applied ) Tj ET Q q 0 0 0 rg BT 258.18 76.17 Td (and ) Tj ET Q q 0 0 0 rg BT 275.52 76.17 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 76.17 Td (valuation ) Tj ET Q q 0 0 0 rg BT 330.76 76.17 Td (inputs ) Tj ET Q q 0 0 0 rg BT 358.12 76.17 Td (include ) Tj ET Q q 0 0 0 rg BT 390.46 76.17 Td (the ) Tj ET Q q 0 0 0 rg BT 405.58 76.17 Td (contingent ) Tj ET Q q 0 0 0 rg BT 450.70 76.17 Td (payment ) Tj ET Q q 0 0 0 rg BT 488.04 76.17 Td (arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 66.17 Td (terms, ) Tj ET Q q 0 0 0 rg BT 99.22 66.17 Td (projected ) Tj ET Q q 0 0 0 rg BT 138.92 66.17 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.19 66.17 Td (flows, ) Tj ET Q q 0 0 0 rg BT 186.41 66.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.89 66.17 Td (of ) Tj ET Q q 0 0 0 rg BT 214.72 66.17 Td (return, ) Tj ET Q q 0 0 0 rg BT 243.60 66.17 Td (and ) Tj ET Q q 0 0 0 rg BT 260.54 66.17 Td (probability ) Tj ET Q q 0 0 0 rg BT 306.92 66.17 Td (assessments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 51.17 Td (* ) Tj ET Q q 0 0 0 rg BT 79.50 51.17 Td (During ) Tj ET Q q 0 0 0 rg BT 110.33 51.17 Td (the ) Tj ET Q q 0 0 0 rg BT 125.05 51.17 Td (year ) Tj ET Q q 0 0 0 rg BT 144.75 51.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 171.13 51.17 Td (December ) Tj ET Q q 0 0 0 rg BT 214.71 51.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 229.71 51.17 Td (2015 ) Tj ET Q q 0 0 0 rg BT 252.21 51.17 Td (there ) Tj ET Q q 0 0 0 rg BT 274.70 51.17 Td (were ) Tj ET Q q 0 0 0 rg BT 296.63 51.17 Td (no ) Tj ET Q q 0 0 0 rg BT 309.13 51.17 Td (transfers ) Tj ET Q q 0 0 0 rg BT 346.06 51.17 Td (between ) Tj ET Q q 0 0 0 rg BT 381.87 51.17 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.25 51.17 Td (value ) Tj ET Q q 0 0 0 rg BT 422.41 51.17 Td (Levels ) Tj ET Q q 0 0 0 rg BT 451.56 51.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 461.56 51.17 Td (2 ) Tj ET Q q 0 0 0 rg BT 469.06 51.17 Td (or ) Tj ET Q q 0 0 0 rg BT 479.89 51.17 Td (3.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.77 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.54 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.32 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.09 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.86 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.63 727.10 Td (For ) Tj ET Q q 0 0 0 rg BT 119.30 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.29 727.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 181.64 727.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 207.74 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.95 727.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 264.94 727.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 306.03 727.10 Td (at ) Tj ET Q q 0 0 0 rg BT 316.02 727.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 332.67 727.10 Td (value ) Tj ET Q q 0 0 0 rg BT 357.10 727.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.87 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.08 727.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 416.50 727.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 439.27 727.10 Td (using ) Tj ET Q q 0 0 0 rg BT 463.71 727.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 508.70 727.10 Td (unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 76.58 715.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 104.81 715.10 Td (3\), ) Tj ET Q q 0 0 0 rg BT 117.77 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.12 715.10 Td (following ) Tj ET Q q 0 0 0 rg BT 173.14 715.10 Td (table ) Tj ET Q q 0 0 0 rg BT 194.71 715.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 231.28 715.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.85 715.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 294.96 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.42 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.77 715.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 361.90 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.47 715.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 407.82 715.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 444.38 715.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.17 715.10 Td (each ) Tj ET Q q 0 0 0 rg BT 478.62 715.10 Td (category ) Tj ET Q q 0 0 0 rg BT 515.17 715.10 Td (therein, ) Tj ET Q q 0 0 0 rg BT 547.57 715.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.61 703.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.44 703.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 110.83 703.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 157.19 703.10 Td (during ) Tj ET Q q 0 0 0 rg BT 185.80 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.52 703.10 Td (year) Tj ET Q q 0 0 0 rg BT 217.17 703.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 540.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 540.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 540.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 510.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 510.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 510.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 470.60 208.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 470.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 470.60 93.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 470.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 470.60 93.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 420.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 420.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 420.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 390.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 390.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 390.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 390.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 390.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 360.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 360.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 360.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 330.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 330.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 330.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 251.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 251.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 251.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 251.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 251.60 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 221.60 402.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 104.5 619.6 m 312.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 619.6 m 316.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 619.6 m 409.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 619.6 m 413.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 619.6 m 506.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 104.5 619.6 m 312.5 619.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 104.5 564.6 m 312.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 619.6 m 409.5 619.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 564.6 m 409.5 564.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 564.6 m 413.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 619.6 m 506.5 619.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 564.6 m 506.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 345.6 m 409.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 331.6 m 409.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 329.6 m 409.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 345.6 m 413.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 331.6 m 413.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 329.6 m 413.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 345.6 m 506.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 331.6 m 506.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 329.6 m 506.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 252.60000000000002 m 409.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 250.60000000000002 m 409.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 252.60000000000002 m 413.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 250.60000000000002 m 413.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 252.60000000000002 m 506.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 250.60000000000002 m 506.5 250.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.55 624.28 Td (Fair Value Measurements Using Significant Unobservable Inputs \(Level 3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.25 579.28 Td (Contingent Liability for Accrued Earn-out) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.00 569.28 Td (Acquisition Consideration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.10 579.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 569.28 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.10 579.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 569.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.55 554.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 530.27 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 530.27 Td (4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 530.27 Td (5,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 500.27 Td (Total remeasurement adjustments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 475.27 Td ( \(Gains\) or losses included in earnings **) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 475.32 Td (\(1,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 475.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 475.32 Td (\(1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 475.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 450.27 Td ( Reductions recorded against goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 450.32 Td (\(664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 450.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 450.32 Td (\(2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 450.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 425.27 Td ( Foreign currency translation adjustments ***) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 425.32 Td (\(208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 425.32 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 395.27 Td (Acquisitions and settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 380.27 Td ( Business acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 380.27 Td (6,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 380.27 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 365.27 Td ( Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 365.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 365.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 335.27 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 335.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 335.27 Td (8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 335.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 335.27 Td (4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 296.27 Td (The amount of total \(gains\) or losses for the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 286.27 Td (included in earnings or changes to net assets,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 276.27 Td (attributable to changes in unrealized \(gains\) or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 266.27 Td (losses relating to assets or liabilities still held at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 256.27 Td (year-end.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 256.32 Td (\(624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 256.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 256.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 256.32 Td (\(1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 256.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 226.27 Td (** recorded as a component of reported general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 211.27 Td (*** recorded as a component of other comprehensive income within stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (Quantitative Information about Level 3 Fair V) Tj ET Q q 0 0 0 rg BT 234.98 171.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 284.88 171.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 154.70 Td (The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.70 Td (liabilities designated as Level 3 are as follows:) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 696.50 176.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 696.50 5.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 696.50 67.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 696.50 6.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 696.50 105.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 696.50 6.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 696.50 113.00 -51.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 696.5 m 314.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 696.5 m 425.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 696.5 m 544.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 696.5 m 314.5 696.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 739.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 739.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.55 701.18 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 701.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 725.18 Td (FairValueat) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.40 713.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.50 701.18 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 701.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 711.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.60 701.18 Td (ValuationTechnique) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 701.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.40 725.18 Td (Significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.05 713.18 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.50 701.18 Td (Input) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 662.17 Td (Contingentacquisition consideration:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 650.17 Td (\(Qatarlyst and ) Tj ET Q q 0 0 0 rg BT 128.24 650.17 Td (Wdev acquisition\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 650.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.75 650.17 Td ($8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 650.17 Td (Discountedcashflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 680.17 Td (Expected future annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 670.17 Td (revenue streams and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 660.17 Td (probability of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 650.17 Td (achievement) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 552.10 176.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 552.10 5.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 552.10 67.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 552.10 6.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 552.10 105.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 552.10 6.00 -51.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 552.10 113.00 -51.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 552.1 m 314.5 552.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 552.1 m 425.5 552.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 552.1 m 544.5 552.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 552.1 m 314.5 552.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 594.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 594.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.55 556.78 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 556.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 580.78 Td (FairValueat) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.40 568.78 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.50 556.78 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 556.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 566.78 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.60 556.78 Td (ValuationTechnique) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 556.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.40 580.78 Td (Significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.05 568.78 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.50 556.78 Td (Input) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 529.77 Td (Contingentacquisition consideration:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 517.77 Td (\(Qatarlyst, ) Tj ET Q q 0 0 0 rg BT 113.80 517.77 Td (V) Tj ET Q q 0 0 0 rg BT 119.92 517.77 Td (ertex, PB Systems, and ) Tj ET Q q 0 0 0 rg BT 214.73 517.77 Td (V) Tj ET Q q 0 0 0 rg BT 221.35 517.77 Td (ia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 505.77 Td (Media acquisitions\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 505.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.75 505.77 Td ($4,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 505.77 Td (Discountedcashflow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 535.77 Td (Expected future annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 525.77 Td (revenue streams and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 515.77 Td (probability of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 505.77 Td (achievement) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 475.30 Td (Sensitivity to Changes in Significant Unobservable Inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 458.95 Td (As ) Tj ET Q q 0 0 0 rg BT 87.87 458.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 129.94 458.95 Td (in ) Tj ET Q q 0 0 0 rg BT 141.48 458.95 Td (the ) Tj ET Q q 0 0 0 rg BT 157.45 458.95 Td (table ) Tj ET Q q 0 0 0 rg BT 180.64 458.95 Td (above, ) Tj ET Q q 0 0 0 rg BT 210.78 458.95 Td (the ) Tj ET Q q 0 0 0 rg BT 226.75 458.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 272.72 458.95 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 329.79 458.95 Td (inputs ) Tj ET Q q 0 0 0 rg BT 358.00 458.95 Td (used ) Tj ET Q q 0 0 0 rg BT 380.08 458.95 Td (in ) Tj ET Q q 0 0 0 rg BT 391.62 458.95 Td (the ) Tj ET Q q 0 0 0 rg BT 407.59 458.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 425.22 458.95 Td (value ) Tj ET Q q 0 0 0 rg BT 450.64 458.95 Td (measurement ) Tj ET Q q 0 0 0 rg BT 507.70 458.95 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 458.95 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.95 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.85 446.95 Td (related ) Tj ET Q q 0 0 0 rg BT 137.02 446.95 Td (to ) Tj ET Q q 0 0 0 rg BT 147.78 446.95 Td (business ) Tj ET Q q 0 0 0 rg BT 184.64 446.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 235.39 446.95 Td (are ) Tj ET Q q 0 0 0 rg BT 250.58 446.95 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 289.09 446.95 Td (of ) Tj ET Q q 0 0 0 rg BT 300.39 446.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 338.90 446.95 Td (future ) Tj ET Q q 0 0 0 rg BT 365.75 446.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 395.38 446.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 433.89 446.95 Td (as ) Tj ET Q q 0 0 0 rg BT 445.20 446.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 489.27 446.95 Td (by ) Tj ET Q q 0 0 0 rg BT 502.24 446.95 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 446.95 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.95 Td (management ) Tj ET Q q 0 0 0 rg BT 103.24 434.95 Td (and ) Tj ET Q q 0 0 0 rg BT 119.83 434.95 Td (the ) Tj ET Q q 0 0 0 rg BT 134.20 434.95 Td (probability ) Tj ET Q q 0 0 0 rg BT 180.23 434.95 Td (of ) Tj ET Q q 0 0 0 rg BT 190.71 434.95 Td (achievement ) Tj ET Q q 0 0 0 rg BT 243.39 434.95 Td (of ) Tj ET Q q 0 0 0 rg BT 253.87 434.95 Td (those ) Tj ET Q q 0 0 0 rg BT 277.13 434.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 310.93 434.95 Td (forecasts. ) Tj ET Q q 0 0 0 rg BT 350.96 434.95 Td (The ) Tj ET Q q 0 0 0 rg BT 368.66 434.95 Td (discount ) Tj ET Q q 0 0 0 rg BT 404.69 434.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 421.83 434.95 Td (used ) Tj ET Q q 0 0 0 rg BT 442.31 434.95 Td (in ) Tj ET Q q 0 0 0 rg BT 452.24 434.95 Td (these ) Tj ET Q q 0 0 0 rg BT 474.94 434.95 Td (calculations ) Tj ET Q q 0 0 0 rg BT 524.85 434.95 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.67 434.95 Td (2.88%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 434.95 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.95 Td (Significant ) Tj ET Q q 0 0 0 rg BT 96.07 422.95 Td (increases ) Tj ET Q q 0 0 0 rg BT 134.90 422.95 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 182.05 422.95 Td (in ) Tj ET Q q 0 0 0 rg BT 192.01 422.95 Td (these ) Tj ET Q q 0 0 0 rg BT 214.74 422.95 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 270.24 422.95 Td (inputs ) Tj ET Q q 0 0 0 rg BT 296.88 422.95 Td (in ) Tj ET Q q 0 0 0 rg BT 306.84 422.95 Td (isolation ) Tj ET Q q 0 0 0 rg BT 343.47 422.95 Td (would ) Tj ET Q q 0 0 0 rg BT 370.65 422.95 Td (likely ) Tj ET Q q 0 0 0 rg BT 395.61 422.95 Td (result ) Tj ET Q q 0 0 0 rg BT 420.01 422.95 Td (in ) Tj ET Q q 0 0 0 rg BT 429.98 422.95 Td (a ) Tj ET Q q 0 0 0 rg BT 436.60 422.95 Td (significantly ) Tj ET Q q 0 0 0 rg BT 488.78 422.95 Td (\(lower\) ) Tj ET Q q 0 0 0 rg BT 520.39 422.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 548.12 422.95 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.95 Td (value ) Tj ET Q q 0 0 0 rg BT 74.16 410.95 Td (measurement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 388.95 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 137.83 388.95 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 191.11 388.95 Td (and ) Tj ET Q q 0 0 0 rg BT 209.41 388.95 Td (Deferr) Tj ET Q q 0 0 0 rg BT 237.53 388.95 Td (ed ) Tj ET Q q 0 0 0 rg BT 249.70 388.95 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.36 388.95 Td (The ) Tj ET Q q 0 0 0 rg BT 314.08 388.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.14 388.95 Td (derives ) Tj ET Q q 0 0 0 rg BT 386.19 388.95 Td (its ) Tj ET Q q 0 0 0 rg BT 397.81 388.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.52 388.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 474.90 388.95 Td (from ) Tj ET Q q 0 0 0 rg BT 496.51 388.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 547.56 388.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.90 Td (support ) Tj ET Q q 0 0 0 rg BT 82.72 376.90 Td (services, ) Tj ET Q q 0 0 0 rg BT 120.15 376.90 Td (which ) Tj ET Q q 0 0 0 rg BT 147.30 376.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 183.35 376.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 217.71 376.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 259.30 376.90 Td (from ) Tj ET Q q 0 0 0 rg BT 281.46 376.90 Td (subscription ) Tj ET Q q 0 0 0 rg BT 333.06 376.90 Td (and ) Tj ET Q q 0 0 0 rg BT 350.22 376.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 396.81 376.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 415.63 376.90 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 458.89 376.90 Td (to ) Tj ET Q q 0 0 0 rg BT 469.39 376.90 Td (services ) Tj ET Q q 0 0 0 rg BT 504.32 376.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 544.24 376.90 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.90 Td (our ) Tj ET Q q 0 0 0 rg BT 65.43 364.90 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 109.17 364.90 Td (or ) Tj ET Q q 0 0 0 rg BT 119.60 364.90 Td (from ) Tj ET Q q 0 0 0 rg BT 141.14 364.90 Td (our ) Tj ET Q q 0 0 0 rg BT 156.57 364.90 Td (application ) Tj ET Q q 0 0 0 rg BT 203.09 364.90 Td (service ) Tj ET Q q 0 0 0 rg BT 233.51 364.90 Td (provider ) Tj ET Q q 0 0 0 rg BT 269.48 364.90 Td (\(ASP\) ) Tj ET Q q 0 0 0 rg BT 305.46 364.90 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 348.39 364.90 Td (software ) Tj ET Q q 0 0 0 rg BT 384.92 364.90 Td (development ) Tj ET Q q 0 0 0 rg BT 438.67 364.90 Td (projects ) Tj ET Q q 0 0 0 rg BT 472.42 364.90 Td (and ) Tj ET Q q 0 0 0 rg BT 488.96 364.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 532.15 364.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 550.35 364.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.90 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 97.53 352.90 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 166.16 352.90 Td (training, ) Tj ET Q q 0 0 0 rg BT 203.13 352.90 Td (and ) Tj ET Q q 0 0 0 rg BT 220.93 352.90 Td (project ) Tj ET Q q 0 0 0 rg BT 252.06 352.90 Td (management ) Tj ET Q q 0 0 0 rg BT 306.52 352.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 345.43 352.90 Td (to ) Tj ET Q q 0 0 0 rg BT 356.57 352.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 400.49 352.90 Td (using ) Tj ET Q q 0 0 0 rg BT 425.52 352.90 Td (our ) Tj ET Q q 0 0 0 rg BT 442.22 352.90 Td (systems, ) Tj ET Q q 0 0 0 rg BT 479.75 352.90 Td (and ) Tj ET Q q 0 0 0 rg BT 497.56 352.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 515.92 352.90 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.90 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.68 340.90 Td (\("RCS"\). ) Tj ET Q q 0 0 0 rg BT 127.47 340.90 Td (Sales ) Tj ET Q q 0 0 0 rg BT 151.14 340.90 Td (and ) Tj ET Q q 0 0 0 rg BT 168.13 340.90 Td (value-added ) Tj ET Q q 0 0 0 rg BT 219.56 340.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 242.67 340.90 Td (are ) Tj ET Q q 0 0 0 rg BT 257.43 340.90 Td (not ) Tj ET Q q 0 0 0 rg BT 272.77 340.90 Td (included ) Tj ET Q q 0 0 0 rg BT 309.77 340.90 Td (in ) Tj ET Q q 0 0 0 rg BT 320.11 340.90 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 360.71 340.90 Td (but ) Tj ET Q q 0 0 0 rg BT 376.04 340.90 Td (rather ) Tj ET Q q 0 0 0 rg BT 401.92 340.90 Td (are ) Tj ET Q q 0 0 0 rg BT 416.69 340.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 454.23 340.90 Td (as ) Tj ET Q q 0 0 0 rg BT 465.12 340.90 Td (a ) Tj ET Q q 0 0 0 rg BT 472.12 340.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 505.79 340.90 Td (until ) Tj ET Q q 0 0 0 rg BT 526.68 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 340.90 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.90 Td (assessed ) Tj ET Q q 0 0 0 rg BT 86.38 328.90 Td (are ) Tj ET Q q 0 0 0 rg BT 101.09 328.90 Td (remitted ) Tj ET Q q 0 0 0 rg BT 136.91 328.90 Td (to ) Tj ET Q q 0 0 0 rg BT 147.19 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 161.90 328.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 204.94 328.90 Td (taxing ) Tj ET Q q 0 0 0 rg BT 232.43 328.90 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 306.90 Td (The ) Tj ET Q q 0 0 0 rg BT 117.91 306.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.16 306.90 Td (follows ) Tj ET Q q 0 0 0 rg BT 193.52 306.90 Td (the ) Tj ET Q q 0 0 0 rg BT 209.09 306.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 244.66 306.90 Td (technical ) Tj ET Q q 0 0 0 rg BT 284.11 306.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 331.34 306.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 370.79 306.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 412.47 306.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 447.48 306.90 Td (recognition ) Tj ET Q q 0 0 0 rg BT 496.38 306.90 Td (as ) Tj ET Q q 0 0 0 rg BT 508.07 306.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 536.43 306.90 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 306.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.73 294.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 137.34 294.90 Td (Standards ) Tj ET Q q 0 0 0 rg BT 178.73 294.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 205.13 294.90 Td (\("F) Tj ET Q q 0 0 0 rg BT 217.36 294.90 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 246.18 294.90 Td (and ) Tj ET Q q 0 0 0 rg BT 262.57 294.90 Td (the ) Tj ET Q q 0 0 0 rg BT 276.74 294.90 Td (Securities ) Tj ET Q q 0 0 0 rg BT 318.12 294.90 Td (and ) Tj ET Q q 0 0 0 rg BT 334.52 294.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 375.89 294.90 Td (Commission ) Tj ET Q q 0 0 0 rg BT 428.41 294.90 Td (\("SEC"\). ) Tj ET Q q 0 0 0 rg BT 465.89 294.90 Td (The ) Tj ET Q q 0 0 0 rg BT 483.39 294.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.23 294.90 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.31 282.90 Td (earned ) Tj ET Q q 0 0 0 rg BT 113.62 282.90 Td (and ) Tj ET Q q 0 0 0 rg BT 130.72 282.90 Td (realizable ) Tj ET Q q 0 0 0 rg BT 172.25 282.90 Td (when: ) Tj ET Q q 0 0 0 rg BT 199.35 282.90 Td (\(a\)persuasive ) Tj ET Q q 0 0 0 rg BT 257.82 282.90 Td (evidence ) Tj ET Q q 0 0 0 rg BT 296.02 282.90 Td (of ) Tj ET Q q 0 0 0 rg BT 307.01 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.90 282.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 344.00 282.90 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 396.63 282.90 Td (exists, ) Tj ET Q q 0 0 0 rg BT 424.58 282.90 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 453.62 282.90 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 506.26 282.90 Td (fee ) Tj ET Q q 0 0 0 rg BT 521.13 282.90 Td (is ) Tj ET Q q 0 0 0 rg BT 530.46 282.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 553.67 282.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.95 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 106.13 270.95 Td (\(c\)service ) Tj ET Q q 0 0 0 rg BT 149.47 270.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 183.66 270.95 Td (or ) Tj ET Q q 0 0 0 rg BT 193.42 270.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.38 270.95 Td (has ) Tj ET Q q 0 0 0 rg BT 260.14 270.95 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 299.04 270.95 Td (\(d\)customer ) Tj ET Q q 0 0 0 rg BT 351.29 270.95 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 396.56 270.95 Td (has ) Tj ET Q q 0 0 0 rg BT 411.32 270.95 Td (been ) Tj ET Q q 0 0 0 rg BT 431.63 270.95 Td (received ) Tj ET Q q 0 0 0 rg BT 466.92 270.95 Td (or ) Tj ET Q q 0 0 0 rg BT 476.68 270.95 Td (is ) Tj ET Q q 0 0 0 rg BT 484.78 270.95 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 529.53 270.95 Td (assured, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.95 Td (if ) Tj ET Q q 0 0 0 rg BT 58.22 258.95 Td (contractually ) Tj ET Q q 0 0 0 rg BT 112.52 258.95 Td (required, ) Tj ET Q q 0 0 0 rg BT 150.45 258.95 Td (and ) Tj ET Q q 0 0 0 rg BT 167.00 258.95 Td (\(e\)collectability ) Tj ET Q q 0 0 0 rg BT 234.91 258.95 Td (of ) Tj ET Q q 0 0 0 rg BT 245.35 258.95 Td (the ) Tj ET Q q 0 0 0 rg BT 259.67 258.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 311.75 258.95 Td (fee ) Tj ET Q q 0 0 0 rg BT 326.07 258.95 Td (is ) Tj ET Q q 0 0 0 rg BT 334.85 258.95 Td (probable. ) Tj ET Q q 0 0 0 rg BT 374.29 258.95 Td (The ) Tj ET Q q 0 0 0 rg BT 391.95 258.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.94 258.95 Td (typically ) Tj ET Q q 0 0 0 rg BT 470.04 258.95 Td (uses ) Tj ET Q q 0 0 0 rg BT 489.37 258.95 Td (signed ) Tj ET Q q 0 0 0 rg BT 517.59 258.95 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 100.20 246.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 137.91 246.95 Td (orders, ) Tj ET Q q 0 0 0 rg BT 167.57 246.95 Td (or ) Tj ET Q q 0 0 0 rg BT 178.07 246.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.45 246.95 Td (of ) Tj ET Q q 0 0 0 rg BT 232.95 246.95 Td (work ) Tj ET Q q 0 0 0 rg BT 255.67 246.95 Td (as ) Tj ET Q q 0 0 0 rg BT 266.17 246.95 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 310.55 246.95 Td (evidence ) Tj ET Q q 0 0 0 rg BT 348.25 246.95 Td (of ) Tj ET Q q 0 0 0 rg BT 358.75 246.95 Td (a ) Tj ET Q q 0 0 0 rg BT 365.35 246.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 386.96 246.95 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 441.45 246.95 Td (W) Tj ET Q q 0 0 0 rg BT 450.08 246.95 Td (e ) Tj ET Q q 0 0 0 rg BT 456.69 246.95 Td (apply ) Tj ET Q q 0 0 0 rg BT 481.08 246.95 Td (the ) Tj ET Q q 0 0 0 rg BT 495.46 246.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 539.30 246.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 246.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.95 Td (relevant ) Tj ET Q q 0 0 0 rg BT 86.25 234.95 Td (F) Tj ET Q q 0 0 0 rg BT 91.07 234.95 Td (ASB ) Tj ET Q q 0 0 0 rg BT 114.56 234.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 162.48 234.95 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 232.62 234.95 Td (related ) Tj ET Q q 0 0 0 rg BT 263.87 234.95 Td (to ) Tj ET Q q 0 0 0 rg BT 275.69 234.95 Td (all ) Tj ET Q q 0 0 0 rg BT 289.73 234.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 341.54 234.95 Td (involving ) Tj ET Q q 0 0 0 rg BT 383.92 234.95 Td (the ) Tj ET Q q 0 0 0 rg BT 400.18 234.95 Td (license ) Tj ET Q q 0 0 0 rg BT 431.99 234.95 Td (of ) Tj ET Q q 0 0 0 rg BT 444.36 234.95 Td (software ) Tj ET Q q 0 0 0 rg BT 482.84 234.95 Td (where ) Tj ET Q q 0 0 0 rg BT 511.31 234.95 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 234.95 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.95 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 100.16 222.95 Td (are ) Tj ET Q q 0 0 0 rg BT 114.21 222.95 Td (considered ) Tj ET Q q 0 0 0 rg BT 159.37 222.95 Td (more ) Tj ET Q q 0 0 0 rg BT 181.76 222.95 Td (than ) Tj ET Q q 0 0 0 rg BT 200.82 222.95 Td (inconsequential ) Tj ET Q q 0 0 0 rg BT 265.42 222.95 Td (to ) Tj ET Q q 0 0 0 rg BT 275.05 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 289.11 222.95 Td (other ) Tj ET Q q 0 0 0 rg BT 311.50 222.95 Td (elements ) Tj ET Q q 0 0 0 rg BT 348.89 222.95 Td (in ) Tj ET Q q 0 0 0 rg BT 358.51 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 372.57 222.95 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 426.89 222.95 Td (For ) Tj ET Q q 0 0 0 rg BT 442.62 222.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 480.56 222.95 Td (that ) Tj ET Q q 0 0 0 rg BT 497.40 222.95 Td (contain ) Tj ET Q q 0 0 0 rg BT 528.68 222.95 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.95 Td (deliverables, ) Tj ET Q q 0 0 0 rg BT 104.02 210.95 Td (we ) Tj ET Q q 0 0 0 rg BT 118.90 210.95 Td (analyze ) Tj ET Q q 0 0 0 rg BT 152.65 210.95 Td (the ) Tj ET Q q 0 0 0 rg BT 168.08 210.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 202.94 210.95 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 260.01 210.95 Td (in ) Tj ET Q q 0 0 0 rg BT 271.01 210.95 Td (accordance ) Tj ET Q q 0 0 0 rg BT 319.18 210.95 Td (with ) Tj ET Q q 0 0 0 rg BT 340.17 210.95 Td (the ) Tj ET Q q 0 0 0 rg BT 355.61 210.95 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 404.35 210.95 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 458.10 210.95 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 499.91 210.95 Td (which ) Tj ET Q q 0 0 0 rg BT 527.56 210.95 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.95 Td (criteria ) Tj ET Q q 0 0 0 rg BT 80.31 198.95 Td (governing ) Tj ET Q q 0 0 0 rg BT 122.87 198.95 Td (how ) Tj ET Q q 0 0 0 rg BT 142.09 198.95 Td (to ) Tj ET Q q 0 0 0 rg BT 151.88 198.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 193.86 198.95 Td (whether ) Tj ET Q q 0 0 0 rg BT 228.07 198.95 Td (goods ) Tj ET Q q 0 0 0 rg BT 253.97 198.95 Td (or ) Tj ET Q q 0 0 0 rg BT 264.30 198.95 Td (services ) Tj ET Q q 0 0 0 rg BT 298.51 198.95 Td (that ) Tj ET Q q 0 0 0 rg BT 315.51 198.95 Td (are ) Tj ET Q q 0 0 0 rg BT 329.72 198.95 Td (delivered ) Tj ET Q q 0 0 0 rg BT 368.93 198.95 Td (separately ) Tj ET Q q 0 0 0 rg BT 411.47 198.95 Td (in ) Tj ET Q q 0 0 0 rg BT 421.25 198.95 Td (a ) Tj ET Q q 0 0 0 rg BT 427.69 198.95 Td (bundled ) Tj ET Q q 0 0 0 rg BT 461.91 198.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 483.36 198.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 535.33 198.95 Td (should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.95 Td (be ) Tj ET Q q 0 0 0 rg BT 61.74 186.95 Td (considered ) Tj ET Q q 0 0 0 rg BT 107.35 186.95 Td (as ) Tj ET Q q 0 0 0 rg BT 117.98 186.95 Td (separate ) Tj ET Q q 0 0 0 rg BT 153.04 186.95 Td (units ) Tj ET Q q 0 0 0 rg BT 174.79 186.95 Td (of ) Tj ET Q q 0 0 0 rg BT 185.42 186.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 231.59 186.95 Td (for ) Tj ET Q q 0 0 0 rg BT 245.55 186.95 Td (the ) Tj ET Q q 0 0 0 rg BT 260.06 186.95 Td (purpose ) Tj ET Q q 0 0 0 rg BT 294.02 186.95 Td (of ) Tj ET Q q 0 0 0 rg BT 304.65 186.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 338.60 186.95 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 388.94 186.95 Td (Deliverables ) Tj ET Q q 0 0 0 rg BT 441.77 186.95 Td (are ) Tj ET Q q 0 0 0 rg BT 456.28 186.95 Td (accounted ) Tj ET Q q 0 0 0 rg BT 499.11 186.95 Td (for ) Tj ET Q q 0 0 0 rg BT 513.07 186.95 Td (separately ) Tj ET Q q 0 0 0 rg BT 555.90 186.95 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.95 Td (they ) Tj ET Q q 0 0 0 rg BT 69.53 174.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 91.28 174.95 Td (all ) Tj ET Q q 0 0 0 rg BT 103.60 174.95 Td (of ) Tj ET Q q 0 0 0 rg BT 114.24 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 128.78 174.95 Td (following ) Tj ET Q q 0 0 0 rg BT 169.98 174.95 Td (criteria: ) Tj ET Q q 0 0 0 rg BT 203.39 174.95 Td (a\) ) Tj ET Q q 0 0 0 rg BT 213.47 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 228.01 174.95 Td (delivered ) Tj ET Q q 0 0 0 rg BT 267.52 174.95 Td (item ) Tj ET Q q 0 0 0 rg BT 287.61 174.95 Td (has ) Tj ET Q q 0 0 0 rg BT 303.26 174.95 Td (value ) Tj ET Q q 0 0 0 rg BT 327.23 174.95 Td (to ) Tj ET Q q 0 0 0 rg BT 337.33 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 351.86 174.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 390.83 174.95 Td (on ) Tj ET Q q 0 0 0 rg BT 403.15 174.95 Td (a ) Tj ET Q q 0 0 0 rg BT 409.91 174.95 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 458.32 174.95 Td (basis; ) Tj ET Q q 0 0 0 rg BT 483.41 174.95 Td (b\) ) Tj ET Q q 0 0 0 rg BT 494.06 174.95 Td (there ) Tj ET Q q 0 0 0 rg BT 516.36 174.95 Td (is ) Tj ET Q q 0 0 0 rg BT 525.35 174.95 Td (objective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.95 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 162.95 Td (reliable ) Tj ET Q q 0 0 0 rg BT 98.66 162.95 Td (evidence ) Tj ET Q q 0 0 0 rg BT 136.31 162.95 Td (of ) Tj ET Q q 0 0 0 rg BT 146.75 162.95 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 162.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 177.08 162.95 Td (value ) Tj ET Q q 0 0 0 rg BT 200.86 162.95 Td (for ) Tj ET Q q 0 0 0 rg BT 214.64 162.95 Td (all ) Tj ET Q q 0 0 0 rg BT 226.75 162.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 278.84 162.95 Td (deliverables; ) Tj ET Q q 0 0 0 rg BT 332.04 162.95 Td (and ) Tj ET Q q 0 0 0 rg BT 348.60 162.95 Td (c\) ) Tj ET Q q 0 0 0 rg BT 358.49 162.95 Td (if ) Tj ET Q q 0 0 0 rg BT 366.71 162.95 Td (the ) Tj ET Q q 0 0 0 rg BT 381.05 162.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 433.14 162.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 468.58 162.95 Td (a ) Tj ET Q q 0 0 0 rg BT 475.14 162.95 Td (general ) Tj ET Q q 0 0 0 rg BT 506.68 162.95 Td (right ) Tj ET Q q 0 0 0 rg BT 527.69 162.95 Td (of ) Tj ET Q q 0 0 0 rg BT 538.13 162.95 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.95 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.77 150.95 Td (to ) Tj ET Q q 0 0 0 rg BT 93.34 150.95 Td (the ) Tj ET Q q 0 0 0 rg BT 108.35 150.95 Td (delivered ) Tj ET Q q 0 0 0 rg BT 148.34 150.95 Td (items, ) Tj ET Q q 0 0 0 rg BT 175.30 150.95 Td (the ) Tj ET Q q 0 0 0 rg BT 190.30 150.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 225.86 150.95 Td (or ) Tj ET Q q 0 0 0 rg BT 236.98 150.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 290.29 150.95 Td (of ) Tj ET Q q 0 0 0 rg BT 301.41 150.95 Td (the ) Tj ET Q q 0 0 0 rg BT 316.42 150.95 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 366.41 150.95 Td (items ) Tj ET Q q 0 0 0 rg BT 390.87 150.95 Td (is ) Tj ET Q q 0 0 0 rg BT 400.33 150.95 Td (probable ) Tj ET Q q 0 0 0 rg BT 438.10 150.95 Td (and ) Tj ET Q q 0 0 0 rg BT 455.33 150.95 Td (substantially ) Tj ET Q q 0 0 0 rg BT 508.67 150.95 Td (controlled ) Tj ET Q q 0 0 0 rg BT 552.01 150.95 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.95 Td (the ) Tj ET Q q 0 0 0 rg BT 64.20 138.95 Td (Company) Tj ET Q q 0 0 0 rg BT 102.44 138.95 Td (. ) Tj ET Q q 0 0 0 rg BT 106.92 138.95 Td (Under ) Tj ET Q q 0 0 0 rg BT 133.90 138.95 Td (the ) Tj ET Q q 0 0 0 rg BT 148.10 138.95 Td (relevant ) Tj ET Q q 0 0 0 rg BT 182.28 138.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.14 138.95 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 268.72 138.95 Td (when ) Tj ET Q q 0 0 0 rg BT 292.36 138.95 Td (multiple-deliverables ) Tj ET Q q 0 0 0 rg BT 379.31 138.95 Td (included ) Tj ET Q q 0 0 0 rg BT 415.73 138.95 Td (in ) Tj ET Q q 0 0 0 rg BT 425.49 138.95 Td (an ) Tj ET Q q 0 0 0 rg BT 436.92 138.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 488.87 138.95 Td (are ) Tj ET Q q 0 0 0 rg BT 503.06 138.95 Td (to ) Tj ET Q q 0 0 0 rg BT 512.82 138.95 Td (be ) Tj ET Q q 0 0 0 rg BT 524.25 138.95 Td (separated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.95 Td (into ) Tj ET Q q 0 0 0 rg BT 68.13 126.95 Td (dif) Tj ET Q q 0 0 0 rg BT 79.06 126.95 Td (ferent ) Tj ET Q q 0 0 0 rg BT 104.95 126.95 Td (units ) Tj ET Q q 0 0 0 rg BT 126.97 126.95 Td (of ) Tj ET Q q 0 0 0 rg BT 137.87 126.95 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 186.82 126.95 Td (the ) Tj ET Q q 0 0 0 rg BT 201.61 126.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 254.15 126.95 Td (consideration ) Tj ET Q q 0 0 0 rg BT 310.60 126.95 Td (is ) Tj ET Q q 0 0 0 rg BT 319.84 126.95 Td (allocated ) Tj ET Q q 0 0 0 rg BT 358.50 126.95 Td (to ) Tj ET Q q 0 0 0 rg BT 368.85 126.95 Td (the ) Tj ET Q q 0 0 0 rg BT 383.64 126.95 Td (identified ) Tj ET Q q 0 0 0 rg BT 424.54 126.95 Td (separate ) Tj ET Q q 0 0 0 rg BT 459.86 126.95 Td (units ) Tj ET Q q 0 0 0 rg BT 481.88 126.95 Td (of ) Tj ET Q q 0 0 0 rg BT 492.79 126.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 539.23 126.95 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.95 Td (on ) Tj ET Q q 0 0 0 rg BT 62.37 114.95 Td (their ) Tj ET Q q 0 0 0 rg BT 83.06 114.95 Td (relative ) Tj ET Q q 0 0 0 rg BT 115.40 114.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 131.65 114.95 Td (values. ) Tj ET Q q 0 0 0 rg BT 161.89 114.95 Td (W) Tj ET Q q 0 0 0 rg BT 170.52 114.95 Td (e ) Tj ET Q q 0 0 0 rg BT 177.33 114.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 219.68 114.95 Td (the ) Tj ET Q q 0 0 0 rg BT 234.26 114.95 Td (relative ) Tj ET Q q 0 0 0 rg BT 266.60 114.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 295.63 114.95 Td (price ) Tj ET Q q 0 0 0 rg BT 317.99 114.95 Td (for ) Tj ET Q q 0 0 0 rg BT 332.01 114.95 Td (a ) Tj ET Q q 0 0 0 rg BT 338.82 114.95 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 385.60 114.95 Td (based ) Tj ET Q q 0 0 0 rg BT 410.73 114.95 Td (on ) Tj ET Q q 0 0 0 rg BT 423.10 114.95 Td (vendor) Tj ET Q q 0 0 0 rg BT 450.67 114.95 Td (-specific ) Tj ET Q q 0 0 0 rg BT 487.46 114.95 Td (objective ) Tj ET Q q 0 0 0 rg BT 526.47 114.95 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.95 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 102.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 89.72 102.95 Td (price ) Tj ET Q q 0 0 0 rg BT 112.06 102.95 Td (\(VSOE\), ) Tj ET Q q 0 0 0 rg BT 158.57 102.95 Td (if ) Tj ET Q q 0 0 0 rg BT 167.04 102.95 Td (available, ) Tj ET Q q 0 0 0 rg BT 207.99 102.95 Td (or ) Tj ET Q q 0 0 0 rg BT 218.68 102.95 Td (third-party ) Tj ET Q q 0 0 0 rg BT 263.81 102.95 Td (evidence ) Tj ET Q q 0 0 0 rg BT 301.70 102.95 Td (\("TPE"\) ) Tj ET Q q 0 0 0 rg BT 336.67 102.95 Td (in ) Tj ET Q q 0 0 0 rg BT 346.80 102.95 Td (the ) Tj ET Q q 0 0 0 rg BT 361.38 102.95 Td (alternative ) Tj ET Q q 0 0 0 rg BT 405.94 102.95 Td (if ) Tj ET Q q 0 0 0 rg BT 414.41 102.95 Td (available, ) Tj ET Q q 0 0 0 rg BT 455.36 102.95 Td (or ) Tj ET Q q 0 0 0 rg BT 466.05 102.95 Td (finally ) Tj ET Q q 0 0 0 rg BT 494.51 102.95 Td (our ) Tj ET Q q 0 0 0 rg BT 510.21 102.95 Td (best ) Tj ET Q q 0 0 0 rg BT 528.67 102.95 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.95 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 90.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 90.00 90.95 Td (price ) Tj ET Q q 0 0 0 rg BT 112.48 90.95 Td (\(BESP\), ) Tj ET Q q 0 0 0 rg BT 156.92 90.95 Td (if ) Tj ET Q q 0 0 0 rg BT 165.35 90.95 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 193.96 90.95 Td (or ) Tj ET Q q 0 0 0 rg BT 204.61 90.95 Td (TPE ) Tj ET Q q 0 0 0 rg BT 224.89 90.95 Td (is ) Tj ET Q q 0 0 0 rg BT 234.06 90.95 Td (not ) Tj ET Q q 0 0 0 rg BT 249.34 90.95 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 68.95 Td (The ) Tj ET Q q 0 0 0 rg BT 116.31 68.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.96 68.95 Td (begins ) Tj ET Q q 0 0 0 rg BT 184.84 68.95 Td (to ) Tj ET Q q 0 0 0 rg BT 194.38 68.95 Td (recognize ) Tj ET Q q 0 0 0 rg BT 235.01 68.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 268.42 68.95 Td (from ) Tj ET Q q 0 0 0 rg BT 289.62 68.95 Td (license ) Tj ET Q q 0 0 0 rg BT 319.15 68.95 Td (fees ) Tj ET Q q 0 0 0 rg BT 337.02 68.95 Td (for ) Tj ET Q q 0 0 0 rg BT 350.44 68.95 Td (its ) Tj ET Q q 0 0 0 rg BT 361.65 68.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 401.17 68.95 Td (\(SAAS\) ) Tj ET Q q 0 0 0 rg BT 435.16 68.95 Td (and ) Tj ET Q q 0 0 0 rg BT 450.98 68.95 Td (ASP) Tj ET Q q 0 0 0 rg BT 468.95 68.95 Td ( ) Tj ET Q q 0 0 0 rg BT 470.72 68.95 Td (products ) Tj ET Q q 0 0 0 rg BT 506.92 68.95 Td (upon ) Tj ET Q q 0 0 0 rg BT 528.69 68.95 Td (granting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.91 56.95 Td (access ) Tj ET Q q 0 0 0 rg BT 118.70 56.95 Td (to ) Tj ET Q q 0 0 0 rg BT 129.73 56.95 Td (the ) Tj ET Q q 0 0 0 rg BT 145.21 56.95 Td (respective ) Tj ET Q q 0 0 0 rg BT 188.99 56.95 Td (processing ) Tj ET Q q 0 0 0 rg BT 235.01 56.95 Td (platform. ) Tj ET Q q 0 0 0 rg BT 274.97 56.95 Td (T) Tj ET Q q 0 0 0 rg BT 280.72 56.95 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 325.07 56.95 Td (services ) Tj ET Q q 0 0 0 rg BT 360.53 56.95 Td (fee ) Tj ET Q q 0 0 0 rg BT 376.00 56.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 410.90 56.95 Td (for ) Tj ET Q q 0 0 0 rg BT 425.81 56.95 Td (this ) Tj ET Q q 0 0 0 rg BT 443.51 56.95 Td (use ) Tj ET Q q 0 0 0 rg BT 460.10 56.95 Td (of ) Tj ET Q q 0 0 0 rg BT 471.68 56.95 Td (our ) Tj ET Q q 0 0 0 rg BT 488.27 56.95 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 533.17 56.95 Td (or ) Tj ET Q q 0 0 0 rg BT 544.03 56.95 Td (ASP) Tj ET Q q 0 0 0 rg BT 562.01 56.95 Td ( ) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 91.62 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.59 742.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 148.75 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.89 742.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 226.95 742.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 252.46 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.19 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.16 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 320.66 742.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 346.73 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.81 742.10 Td (arrears. ) Tj ET Q q 0 0 0 rg BT 390.80 742.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 432.97 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 455.71 742.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 477.91 742.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 537.57 742.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (include ) Tj ET Q q 0 0 0 rg BT 81.75 730.10 Td (data ) Tj ET Q q 0 0 0 rg BT 100.72 730.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 123.59 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.34 730.10 Td (call ) Tj ET Q q 0 0 0 rg BT 157.09 730.10 Td (center ) Tj ET Q q 0 0 0 rg BT 183.83 730.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 220.86 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.61 730.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 278.24 730.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 320.53 730.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 355.05 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.80 730.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 406.88 730.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 443.91 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.43 730.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.61 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.26 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.79 730.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.51 718.10 Td (performed. ) Tj ET Q q 0 0 0 rg BT 110.95 718.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 152.13 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 173.86 718.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 195.06 718.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 239.03 718.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 295.19 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.69 718.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 355.86 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.48 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.00 718.10 Td (services ) Tj ET Q q 0 0 0 rg BT 415.51 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.01 718.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 469.51 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.81 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.55 718.10 Td (time ) Tj ET Q q 0 0 0 rg BT 508.62 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.36 718.10 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.79 706.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 107.06 706.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 125.44 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.39 706.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 171.13 706.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 227.27 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.77 706.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 287.92 706.10 Td (over ) Tj ET Q q 0 0 0 rg BT 307.97 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 706.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 359.20 706.10 Td (service ) Tj ET Q q 0 0 0 rg BT 389.80 706.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 420.13 706.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 457.40 706.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 489.68 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.40 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.90 706.10 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 694.10 Td (third ) Tj ET Q q 0 0 0 rg BT 81.47 694.10 Td (party ) Tj ET Q q 0 0 0 rg BT 104.14 694.10 Td (software ) Tj ET Q q 0 0 0 rg BT 140.69 694.10 Td (products ) Tj ET Q q 0 0 0 rg BT 177.26 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.16 694.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 233.16 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.06 694.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 274.63 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.08 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.43 694.10 Td (Company) Tj ET Q q 0 0 0 rg BT 341.09 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.11 694.10 Td (software ) Tj ET Q q 0 0 0 rg BT 383.66 694.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 417.44 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 426.24 694.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.23 694.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.35 694.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 529.24 694.10 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.41 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.26 682.10 Td (Company) Tj ET Q q 0 0 0 rg BT 126.93 682.10 Td (s ) Tj ET Q q 0 0 0 rg BT 133.45 682.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 168.85 682.10 Td (software ) Tj ET Q q 0 0 0 rg BT 205.92 682.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 245.49 682.10 Td (Fees ) Tj ET Q q 0 0 0 rg BT 266.45 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 280.75 682.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 316.98 682.10 Td (data ) Tj ET Q q 0 0 0 rg BT 336.27 682.10 Td (conversion, ) Tj ET Q q 0 0 0 rg BT 385.29 682.10 Td (installation, ) Tj ET Q q 0 0 0 rg BT 434.86 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.93 682.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 496.23 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 531.07 682.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 549.80 682.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.62 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.71 670.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.12 670.10 Td (when ) Tj ET Q q 0 0 0 rg BT 166.54 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.52 670.10 Td (services ) Tj ET Q q 0 0 0 rg BT 216.49 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.46 670.10 Td (performed. ) Tj ET Q q 0 0 0 rg BT 278.36 670.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 320.00 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.42 670.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 387.71 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.91 670.10 Td (support ) Tj ET Q q 0 0 0 rg BT 437.67 670.10 Td (services ) Tj ET Q q 0 0 0 rg BT 472.64 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.61 670.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 534.23 670.10 Td (ratably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.27 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.99 658.10 Td (term ) Tj ET Q q 0 0 0 rg BT 105.81 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.64 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.36 658.10 Td (support ) Tj ET Q q 0 0 0 rg BT 163.86 658.10 Td (agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 636.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 137.77 636.10 Td (development ) Tj ET Q q 0 0 0 rg BT 192.10 636.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 248.64 636.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 289.65 636.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 334.54 636.10 Td (customization, ) Tj ET Q q 0 0 0 rg BT 395.81 636.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 449.59 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.59 636.10 Td (production ) Tj ET Q q 0 0 0 rg BT 506.59 636.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.48 636.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.82 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 75.75 624.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 123.87 624.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.81 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.19 624.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 208.88 624.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 248.12 624.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 295.15 624.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 334.41 624.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 362.56 624.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.72 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.10 624.10 Td (F) Tj ET Q q 0 0 0 rg BT 395.92 624.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 418.53 624.10 Td (using ) Tj ET Q q 0 0 0 rg BT 443.36 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.73 624.10 Td (percentage-of-completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 85.07 612.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.39 612.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.05 612.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 190.57 612.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 224.99 612.10 Td (using ) Tj ET Q q 0 0 0 rg BT 249.43 612.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 284.97 612.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 321.06 612.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 347.70 612.10 Td (hours ) Tj ET Q q 0 0 0 rg BT 372.69 612.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 405.46 612.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.56 612.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.77 612.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 469.84 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.95 612.10 Td (total ) Tj ET Q q 0 0 0 rg BT 501.49 612.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 539.80 612.10 Td (hours ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.09 600.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 135.24 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 600.10 Td (project ) Tj ET Q q 0 0 0 rg BT 180.22 600.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 232.70 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.63 600.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 280.46 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.18 600.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 340.98 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.25 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.97 600.10 Td (total ) Tj ET Q q 0 0 0 rg BT 386.25 600.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 438.72 600.10 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 578.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 136.86 578.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 170.83 578.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 206.49 578.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 247.14 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.80 578.10 Td (billings ) Tj ET Q q 0 0 0 rg BT 290.13 578.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.46 578.10 Td (have ) Tj ET Q q 0 0 0 rg BT 328.66 578.10 Td (been ) Tj ET Q q 0 0 0 rg BT 349.87 578.10 Td (received ) Tj ET Q q 0 0 0 rg BT 386.06 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.72 578.10 Td (made ) Tj ET Q q 0 0 0 rg BT 420.70 578.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 442.47 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.58 578.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 505.43 578.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 524.70 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 578.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 77.12 566.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 98.42 566.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 145.26 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.23 566.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.96 566.10 Td (pertain ) Tj ET Q q 0 0 0 rg BT 235.25 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.56 566.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 300.61 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.57 566.10 Td (support ) Tj ET Q q 0 0 0 rg BT 352.10 566.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 374.22 566.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 401.08 566.10 Td (setup ) Tj ET Q q 0 0 0 rg BT 425.71 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.57 566.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 486.64 566.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 506.26 566.10 Td (under ) Tj ET Q q 0 0 0 rg BT 532.55 566.10 Td (hosting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 100.09 554.10 Td (software ) Tj ET Q q 0 0 0 rg BT 136.58 554.10 Td (license ) Tj ET Q q 0 0 0 rg BT 166.41 554.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 184.57 554.10 Td (received ) Tj ET Q q 0 0 0 rg BT 220.50 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.34 554.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 265.15 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.54 554.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 310.37 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.87 554.10 Td (acceptance, ) Tj ET Q q 0 0 0 rg BT 375.28 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.78 554.10 Td (software ) Tj ET Q q 0 0 0 rg BT 428.27 554.10 Td (development ) Tj ET Q q 0 0 0 rg BT 481.98 554.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 500.14 554.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 519.42 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.26 554.10 Td (advance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.26 542.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 109.18 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.55 542.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 158.67 542.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.45 542.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.92 542.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 247.35 542.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.25 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.18 542.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 542.10 Td ($6.9 ) Tj ET Q q 0 0 0 rg BT 316.98 542.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.87 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.80 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.06 542.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.30 542.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 430.88 542.10 Td (were ) Tj ET Q q 0 0 0 rg BT 453.24 542.10 Td (included ) Tj ET Q q 0 0 0 rg BT 490.60 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.31 542.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 527.01 542.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 93.58 530.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.30 530.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.88 530.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.88 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.38 530.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.32 530.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.32 530.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.32 530.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 273.98 530.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 508.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 140.84 508.10 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 189.33 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.86 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.06 508.10 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 269.89 508.10 Td (for) Tj ET Q q 0 0 0 rg BT 282.48 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.88 508.10 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 325.09 508.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 366.94 508.10 Td (Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.03 508.10 Td (Reported ) Tj ET Q q 0 0 0 rg BT 462.08 508.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 499.47 508.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 542.95 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.68 508.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.51 496.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.51 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.94 496.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.80 496.10 Td ($51.8 ) Tj ET Q q 0 0 0 rg BT 191.72 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.62 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.04 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.80 496.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 259.21 496.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 307.61 496.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 334.36 496.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.00 496.10 Td (invoice ) Tj ET Q q 0 0 0 rg BT 377.87 496.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 404.07 496.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 441.38 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.24 496.10 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 485.17 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.06 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.49 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.25 496.10 Td (unbilled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 99.04 484.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 118.66 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.07 484.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.58 484.10 Td ($2.83 ) Tj ET Q q 0 0 0 rg BT 166.15 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.04 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.11 484.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 241.51 484.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 286.11 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.85 484.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 339.80 484.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 378.86 484.10 Td (receivable\). ) Tj ET Q q 0 0 0 rg BT 429.84 484.10 Td (Reported ) Tj ET Q q 0 0 0 rg BT 470.57 484.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 509.63 484.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 554.78 484.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.51 472.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.51 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.94 472.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.80 472.10 Td ($36.7 ) Tj ET Q q 0 0 0 rg BT 191.72 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.62 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.04 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.80 472.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 259.21 472.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 307.61 472.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 334.36 472.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.00 472.10 Td (invoice ) Tj ET Q q 0 0 0 rg BT 377.87 472.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 404.07 472.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 441.38 472.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.24 472.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 485.17 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.06 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.49 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.25 472.10 Td (unbilled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 98.25 460.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 117.07 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.68 460.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.40 460.10 Td ($3.39 ) Tj ET Q q 0 0 0 rg BT 162.18 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.07 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.34 460.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 235.94 460.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 279.75 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.69 460.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 331.86 460.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 370.12 460.10 Td (receivable\). ) Tj ET Q q 0 0 0 rg BT 420.07 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 438.89 460.10 Td (unbilled ) Tj ET Q q 0 0 0 rg BT 474.94 460.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 523.19 460.10 Td (pertain ) Tj ET Q q 0 0 0 rg BT 554.23 460.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.98 448.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 131.63 448.10 Td (service ) Tj ET Q q 0 0 0 rg BT 162.71 448.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 217.69 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.90 448.10 Td (system ) Tj ET Q q 0 0 0 rg BT 265.45 448.10 Td (development ) Tj ET Q q 0 0 0 rg BT 319.88 448.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 354.31 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.74 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.95 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.94 448.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 439.83 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.93 448.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 479.82 448.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.26 448.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 507.03 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.58 448.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (milestones. ) Tj ET Q q 0 0 0 rg BT 96.49 436.10 Td (The ) Tj ET Q q 0 0 0 rg BT 113.36 436.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.56 436.10 Td (adheres ) Tj ET Q q 0 0 0 rg BT 185.41 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.51 436.10 Td (suc) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 207.84 443.03 356.66 -9.09 re f /GS0 gs q 0 0 0 rg BT 207.84 436.10 Td (h ) Tj ET Q q 0 0 0 rg BT 214.15 436.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 267.67 436.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 292.31 436.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 344.15 436.10 Td (milestones ) Tj ET Q q 0 0 0 rg BT 388.23 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.99 436.10 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 452.51 436.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 477.71 436.10 Td (invoices ) Tj ET Q q 0 0 0 rg BT 512.36 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.45 436.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 431.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.48 424.10 Td (per ) Tj ET Q q 0 0 0 rg BT 75.39 424.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 109.74 424.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 138.00 424.10 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 181.05 424.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 220.96 424.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 264.19 424.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.54 424.10 Td (written ) Tj ET Q q 0 0 0 rg BT 309.01 424.10 Td (of) Tj ET Q q 0 0 0 rg BT 317.16 424.10 Td (f ) Tj ET Q q 0 0 0 rg BT 322.64 424.10 Td (against ) Tj ET Q q 0 0 0 rg BT 353.11 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.47 424.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 410.15 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.96 424.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 459.99 424.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 497.12 424.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 540.34 424.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 419.03 180.79 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 412.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.83 412.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.52 412.10 Td (exhausted ) Tj ET Q q 0 0 0 rg BT 163.87 412.10 Td (all ) Tj ET Q q 0 0 0 rg BT 176.23 412.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 221.35 412.10 Td (co) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.79 412.10 Td (llection ) Tj ET Q q 0 0 0 rg BT 263.14 412.10 Td (ef) Tj ET Q q 0 0 0 rg BT 270.73 412.10 Td (forts. ) Tj ET Q q 0 0 0 rg BT 293.92 412.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 348.49 412.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 396.94 412.10 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 433.73 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.31 412.10 Td (aging ) Tj ET Q q 0 0 0 rg BT 472.89 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.58 412.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 520.93 412.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 400.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 106.84 400.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 123.87 400.10 Td (debts, ) Tj ET Q q 0 0 0 rg BT 150.08 400.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 182.10 400.10 Td (fs, ) Tj ET Q q 0 0 0 rg BT 194.42 400.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 233.67 400.10 Td (concentrations, ) Tj ET Q q 0 0 0 rg BT 297.08 400.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 336.33 400.10 Td (credit-worthiness, ) Tj ET Q q 0 0 0 rg BT 410.85 400.10 Td (current ) Tj ET Q q 0 0 0 rg BT 441.76 400.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 483.23 400.10 Td (trends, ) Tj ET Q q 0 0 0 rg BT 512.76 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.79 400.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.09 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.74 388.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 117.71 388.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 155.46 388.10 Td (patterns ) Tj ET Q q 0 0 0 rg BT 190.43 388.10 Td (when ) Tj ET Q q 0 0 0 rg BT 215.41 388.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 260.37 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.90 388.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 316.97 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.62 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.15 388.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 388.00 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.97 388.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 440.18 388.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 478.48 388.10 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 525.37 388.10 Td (Bad ) Tj ET Q q 0 0 0 rg BT 544.79 388.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.71 376.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.76 376.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 122.76 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.65 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 376.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 176.65 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.54 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.54 376.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.48 376.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 247.48 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.37 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.87 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.03 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.75 376.10 Td (year ) Tj ET Q q 0 0 0 rg BT 327.46 376.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.83 376.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 412.42 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.42 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.42 376.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.42 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.42 376.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.36 376.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.36 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.36 376.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 552.02 376.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 354.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 125.52 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.04 354.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 175.22 354.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 185.58 354.10 Td (ovided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.92 354.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 249.34 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.86 354.10 Td (services ) Tj ET Q q 0 0 0 rg BT 296.26 354.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 334.99 354.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 365.96 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.48 354.10 Td (data ) Tj ET Q q 0 0 0 rg BT 397.32 354.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 443.28 354.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 468.97 354.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 508.81 354.10 Td (support ) Tj ET Q q 0 0 0 rg BT 542.00 354.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (including ) Tj ET Q q 0 0 0 rg BT 91.28 342.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 133.66 342.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 157.16 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.44 342.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 206.93 342.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.76 342.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 271.69 342.10 Td (databases, ) Tj ET Q q 0 0 0 rg BT 316.01 342.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 339.51 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.79 342.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.84 342.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 425.00 342.10 Td (call ) Tj ET Q q 0 0 0 rg BT 442.93 342.10 Td (center ) Tj ET Q q 0 0 0 rg BT 470.86 342.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 506.86 342.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 547.56 342.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (software ) Tj ET Q q 0 0 0 rg BT 88.43 330.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 124.63 330.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 169.73 330.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.50 330.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 239.38 330.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 286.14 330.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 321.81 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.25 330.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 388.39 330.10 Td (telecommunication ) Tj ET Q q 0 0 0 rg BT 469.03 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.47 330.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 529.23 330.10 Td (network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 86.62 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.96 318.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 147.62 318.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.53 318.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 212.53 318.10 Td (with ) Tj ET Q q 0 0 0 rg BT 232.22 318.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 268.56 318.10 Td (where ) Tj ET Q q 0 0 0 rg BT 294.89 318.10 Td (these ) Tj ET Q q 0 0 0 rg BT 317.35 318.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 356.47 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.59 318.10 Td (performed. ) Tj ET Q q 0 0 0 rg BT 416.64 318.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 470.19 318.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 504.31 318.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.89 318.10 Td (not ) Tj ET Q q 0 0 0 rg BT 527.57 318.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 306.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 82.78 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.61 306.10 Td (services ) Tj ET Q q 0 0 0 rg BT 128.32 306.10 Td (provided.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 284.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 150.48 284.10 Td (Softwar) Tj ET Q q 0 0 0 rg BT 184.18 284.10 Td (e ) Tj ET Q q 0 0 0 rg BT 191.21 284.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 249.90 284.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.24 284.10 Td (In ) Tj ET Q q 0 0 0 rg BT 294.16 284.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 341.71 284.10 Td (with ) Tj ET Q q 0 0 0 rg BT 362.08 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.89 284.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 411.68 284.10 Td (F) Tj ET Q q 0 0 0 rg BT 416.50 284.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 438.55 284.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 485.01 284.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 523.70 284.10 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.35 272.10 Td (development ) Tj ET Q q 0 0 0 rg BT 122.13 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.60 272.10 Td (software ) Tj ET Q q 0 0 0 rg BT 173.16 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.07 272.10 Td (be ) Tj ET Q q 0 0 0 rg BT 198.64 272.10 Td (sold, ) Tj ET Q q 0 0 0 rg BT 221.95 272.10 Td (leased, ) Tj ET Q q 0 0 0 rg BT 253.56 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.03 272.10 Td (marketed, ) Tj ET Q q 0 0 0 rg BT 309.86 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.21 272.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.23 272.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 409.47 272.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.93 272.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.06 272.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.53 272.10 Td (they ) Tj ET Q q 0 0 0 rg BT 489.88 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.22 272.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 543.66 272.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 106.22 260.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 148.56 260.10 Td (has ) Tj ET Q q 0 0 0 rg BT 164.25 260.10 Td (been ) Tj ET Q q 0 0 0 rg BT 185.47 260.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 234.76 260.10 Td (at ) Tj ET Q q 0 0 0 rg BT 244.33 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.12 260.10 Td (after ) Tj ET Q q 0 0 0 rg BT 281.79 260.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.58 260.10 Td (time ) Tj ET Q q 0 0 0 rg BT 328.71 260.10 Td (those ) Tj ET Q q 0 0 0 rg BT 352.17 260.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 374.52 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.08 260.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 434.74 260.10 Td (until ) Tj ET Q q 0 0 0 rg BT 455.42 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.99 260.10 Td (product ) Tj ET Q q 0 0 0 rg BT 502.89 260.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.92 260.10 Td (available ) Tj ET Q q 0 0 0 rg BT 550.36 260.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (general ) Tj ET Q q 0 0 0 rg BT 81.82 248.10 Td (release ) Tj ET Q q 0 0 0 rg BT 111.97 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.15 248.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 167.59 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.99 248.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 194.62 248.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 230.33 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.51 248.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 275.66 248.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.39 248.10 Td (software ) Tj ET Q q 0 0 0 rg BT 328.21 248.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 367.55 248.10 Td (after ) Tj ET Q q 0 0 0 rg BT 388.26 248.10 Td (general ) Tj ET Q q 0 0 0 rg BT 420.08 248.10 Td (market ) Tj ET Q q 0 0 0 rg BT 450.24 248.10 Td (release ) Tj ET Q q 0 0 0 rg BT 480.40 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.12 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.74 248.10 Td (services ) Tj ET Q q 0 0 0 rg BT 540.34 248.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.53 236.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 105.78 236.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.77 236.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 156.29 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.91 236.10 Td (period ) Tj ET Q q 0 0 0 rg BT 211.78 236.10 Td (they ) Tj ET Q q 0 0 0 rg BT 232.31 236.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.83 236.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 286.72 236.10 Td (The ) Tj ET Q q 0 0 0 rg BT 305.58 236.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 341.66 236.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 377.18 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.15 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.69 236.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 461.54 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.18 236.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 518.71 236.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.93 224.10 Td (development ) Tj ET Q q 0 0 0 rg BT 141.08 224.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 163.58 224.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.75 224.10 Td (included ) Tj ET Q q 0 0 0 rg BT 209.68 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.96 224.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.46 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.29 224.10 Td (services ) Tj ET Q q 0 0 0 rg BT 288.00 224.10 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 198.90 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 128.50 198.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.23 198.90 Td (Indefinite-Lived ) Tj ET Q q 0 0 0 rg BT 221.29 198.90 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 268.00 198.90 Td (Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.27 198.90 Td (- ) Tj ET Q q 0 0 0 rg BT 305.20 198.90 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 346.59 198.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 390.73 198.90 Td (the ) Tj ET Q q 0 0 0 rg BT 406.55 198.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 426.27 198.90 Td (in ) Tj ET Q q 0 0 0 rg BT 437.65 198.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 467.36 198.90 Td (of ) Tj ET Q q 0 0 0 rg BT 479.29 198.90 Td (the ) Tj ET Q q 0 0 0 rg BT 495.12 198.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 512.60 198.90 Td (value ) Tj ET Q q 0 0 0 rg BT 537.86 198.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 198.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.90 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 97.93 186.90 Td (net ) Tj ET Q q 0 0 0 rg BT 112.54 186.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 138.26 186.90 Td (from ) Tj ET Q q 0 0 0 rg BT 160.09 186.90 Td (the ) Tj ET Q q 0 0 0 rg BT 174.70 186.90 Td (businesses ) Tj ET Q q 0 0 0 rg BT 219.32 186.90 Td (that ) Tj ET Q q 0 0 0 rg BT 236.70 186.90 Td (we ) Tj ET Q q 0 0 0 rg BT 250.76 186.90 Td (acquire. ) Tj ET Q q 0 0 0 rg BT 285.07 186.90 Td (In ) Tj ET Q q 0 0 0 rg BT 295.80 186.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 343.15 186.90 Td (with ) Tj ET Q q 0 0 0 rg BT 363.32 186.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.93 186.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 412.52 186.90 Td (F) Tj ET Q q 0 0 0 rg BT 417.34 186.90 Td (ASB ) Tj ET Q q 0 0 0 rg BT 439.19 186.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 485.45 186.90 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 526.44 186.90 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.90 Td (is ) Tj ET Q q 0 0 0 rg BT 58.99 174.90 Td (tested ) Tj ET Q q 0 0 0 rg BT 84.63 174.90 Td (for ) Tj ET Q q 0 0 0 rg BT 98.61 174.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 147.02 174.90 Td (at ) Tj ET Q q 0 0 0 rg BT 156.56 174.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.09 174.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 210.06 174.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 227.93 174.90 Td (level ) Tj ET Q q 0 0 0 rg BT 249.69 174.90 Td (on ) Tj ET Q q 0 0 0 rg BT 262.00 174.90 Td (an ) Tj ET Q q 0 0 0 rg BT 273.76 174.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 302.73 174.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 325.05 174.90 Td (or ) Tj ET Q q 0 0 0 rg BT 335.69 174.90 Td (on ) Tj ET Q q 0 0 0 rg BT 348.01 174.90 Td (an ) Tj ET Q q 0 0 0 rg BT 359.77 174.90 Td (interim ) Tj ET Q q 0 0 0 rg BT 390.96 174.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 413.28 174.90 Td (if ) Tj ET Q q 0 0 0 rg BT 421.71 174.90 Td (an ) Tj ET Q q 0 0 0 rg BT 433.46 174.90 Td (event ) Tj ET Q q 0 0 0 rg BT 457.43 174.90 Td (occurred ) Tj ET Q q 0 0 0 rg BT 494.73 174.90 Td (or ) Tj ET Q q 0 0 0 rg BT 505.37 174.90 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.90 Td (change ) Tj ET Q q 0 0 0 rg BT 80.80 162.90 Td (that ) Tj ET Q q 0 0 0 rg BT 98.27 162.90 Td (would ) Tj ET Q q 0 0 0 rg BT 125.76 162.90 Td (indicate ) Tj ET Q q 0 0 0 rg BT 159.89 162.90 Td (that ) Tj ET Q q 0 0 0 rg BT 177.37 162.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.72 162.90 Td (value ) Tj ET Q q 0 0 0 rg BT 217.86 162.90 Td (of ) Tj ET Q q 0 0 0 rg BT 228.67 162.90 Td (a ) Tj ET Q q 0 0 0 rg BT 235.59 162.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 274.73 162.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 292.77 162.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 334.67 162.90 Td (below ) Tj ET Q q 0 0 0 rg BT 361.59 162.90 Td (its ) Tj ET Q q 0 0 0 rg BT 373.52 162.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 409.31 162.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 435.95 162.90 Td (Potential ) Tj ET Q q 0 0 0 rg BT 473.98 162.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.57 162.90 Td (indicators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.90 Td (include ) Tj ET Q q 0 0 0 rg BT 83.51 150.90 Td (a ) Tj ET Q q 0 0 0 rg BT 92.03 150.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 138.32 150.90 Td (change ) Tj ET Q q 0 0 0 rg BT 170.71 150.90 Td (in ) Tj ET Q q 0 0 0 rg BT 182.56 150.90 Td (the ) Tj ET Q q 0 0 0 rg BT 198.86 150.90 Td (business ) Tj ET Q q 0 0 0 rg BT 236.83 150.90 Td (climate, ) Tj ET Q q 0 0 0 rg BT 272.83 150.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 296.34 150.90 Td (factors, ) Tj ET Q q 0 0 0 rg BT 330.13 150.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 371.97 150.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 426.57 150.90 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 472.58 150.90 Td (competition,customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.90 Td (retentionand ) Tj ET Q q 0 0 0 rg BT 106.04 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 121.81 138.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 140.92 138.90 Td (or ) Tj ET Q q 0 0 0 rg BT 152.81 138.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 200.26 138.90 Td (of ) Tj ET Q q 0 0 0 rg BT 212.15 138.90 Td (a ) Tj ET Q q 0 0 0 rg BT 220.15 138.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.92 138.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 298.37 138.90 Td (of ) Tj ET Q q 0 0 0 rg BT 310.25 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 326.03 138.90 Td (business. ) Tj ET Q q 0 0 0 rg BT 365.98 138.90 Td ( ) Tj ET Q q 0 0 0 rg BT 369.28 138.90 Td (The ) Tj ET Q q 0 0 0 rg BT 388.39 138.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 430.83 138.90 Td (applies ) Tj ET Q q 0 0 0 rg BT 462.72 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 478.49 138.90 Td (technical ) Tj ET Q q 0 0 0 rg BT 518.14 138.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 564.51 138.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.19 126.90 Td (concerning ) Tj ET Q q 0 0 0 rg BT 134.72 126.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 172.37 126.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 220.57 126.90 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 264.32 126.90 Td (whereby ) Tj ET Q q 0 0 0 rg BT 300.85 126.90 Td (the ) Tj ET Q q 0 0 0 rg BT 315.17 126.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.15 126.90 Td (first ) Tj ET Q q 0 0 0 rg BT 374.36 126.90 Td (assesses ) Tj ET Q q 0 0 0 rg BT 409.23 126.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 438.54 126.90 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 482.84 126.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 512.15 126.90 Td (to ) Tj ET Q q 0 0 0 rg BT 522.03 126.90 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 85.13 114.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.27 114.90 Td (existence ) Tj ET Q q 0 0 0 rg BT 140.39 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 151.64 114.90 Td (events ) Tj ET Q q 0 0 0 rg BT 180.11 114.90 Td (or ) Tj ET Q q 0 0 0 rg BT 191.36 114.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 250.92 114.90 Td (would ) Tj ET Q q 0 0 0 rg BT 278.84 114.90 Td (indicate ) Tj ET Q q 0 0 0 rg BT 313.42 114.90 Td (that ) Tj ET Q q 0 0 0 rg BT 331.33 114.90 Td (it ) Tj ET Q q 0 0 0 rg BT 339.81 114.90 Td (is ) Tj ET Q q 0 0 0 rg BT 349.40 114.90 Td (more ) Tj ET Q q 0 0 0 rg BT 372.87 114.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 398.57 114.90 Td (than ) Tj ET Q q 0 0 0 rg BT 418.70 114.90 Td (not ) Tj ET Q q 0 0 0 rg BT 434.40 114.90 Td (that ) Tj ET Q q 0 0 0 rg BT 452.32 114.90 Td (the ) Tj ET Q q 0 0 0 rg BT 467.46 114.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 484.26 114.90 Td (value ) Tj ET Q q 0 0 0 rg BT 508.83 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 520.08 114.90 Td (any ) Tj ET Q q 0 0 0 rg BT 537.44 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 548.70 114.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.85 102.90 Td (units ) Tj ET Q q 0 0 0 rg BT 110.49 102.90 Td (was ) Tj ET Q q 0 0 0 rg BT 128.23 102.90 Td (less ) Tj ET Q q 0 0 0 rg BT 145.42 102.90 Td (than ) Tj ET Q q 0 0 0 rg BT 164.83 102.90 Td (its ) Tj ET Q q 0 0 0 rg BT 176.47 102.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 211.98 102.90 Td (amount. ) Tj ET Q q 0 0 0 rg BT 246.66 102.90 Td (If ) Tj ET Q q 0 0 0 rg BT 255.51 102.90 Td (after ) Tj ET Q q 0 0 0 rg BT 276.02 102.90 Td (assessing ) Tj ET Q q 0 0 0 rg BT 315.43 102.90 Td (the ) Tj ET Q q 0 0 0 rg BT 329.84 102.90 Td (totality ) Tj ET Q q 0 0 0 rg BT 360.36 102.90 Td (of ) Tj ET Q q 0 0 0 rg BT 370.88 102.90 Td (events ) Tj ET Q q 0 0 0 rg BT 398.62 102.90 Td (and ) Tj ET Q q 0 0 0 rg BT 415.25 102.90 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 476.58 102.90 Td (we ) Tj ET Q q 0 0 0 rg BT 490.44 102.90 Td (were ) Tj ET Q q 0 0 0 rg BT 512.06 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 522.03 102.90 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.90 Td (that ) Tj ET Q q 0 0 0 rg BT 67.85 90.90 Td (it ) Tj ET Q q 0 0 0 rg BT 76.25 90.90 Td (is ) Tj ET Q q 0 0 0 rg BT 85.78 90.90 Td (more ) Tj ET Q q 0 0 0 rg BT 109.17 90.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 134.80 90.90 Td (than ) Tj ET Q q 0 0 0 rg BT 154.87 90.90 Td (not ) Tj ET Q q 0 0 0 rg BT 170.50 90.90 Td (that ) Tj ET Q q 0 0 0 rg BT 188.34 90.90 Td (the ) Tj ET Q q 0 0 0 rg BT 203.41 90.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 220.14 90.90 Td (value ) Tj ET Q q 0 0 0 rg BT 244.65 90.90 Td (of ) Tj ET Q q 0 0 0 rg BT 255.83 90.90 Td (a ) Tj ET Q q 0 0 0 rg BT 263.12 90.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 302.63 90.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 321.04 90.90 Td (is ) Tj ET Q q 0 0 0 rg BT 330.56 90.90 Td (less ) Tj ET Q q 0 0 0 rg BT 348.41 90.90 Td (than ) Tj ET Q q 0 0 0 rg BT 368.48 90.90 Td (its ) Tj ET Q q 0 0 0 rg BT 380.78 90.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 416.94 90.90 Td (amount, ) Tj ET Q q 0 0 0 rg BT 452.29 90.90 Td (then ) Tj ET Q q 0 0 0 rg BT 472.36 90.90 Td (we ) Tj ET Q q 0 0 0 rg BT 486.87 90.90 Td (would ) Tj ET Q q 0 0 0 rg BT 514.72 90.90 Td (perform ) Tj ET Q q 0 0 0 rg BT 549.78 90.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.90 Td (two-step ) Tj ET Q q 0 0 0 rg BT 86.94 78.90 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 136.65 78.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 185.24 78.90 Td (testing ) Tj ET Q q 0 0 0 rg BT 214.41 78.90 Td (described ) Tj ET Q q 0 0 0 rg BT 255.22 78.90 Td (further ) Tj ET Q q 0 0 0 rg BT 284.93 78.90 Td (below) Tj ET Q q 0 0 0 rg BT 308.72 78.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.90 Td () Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.93 742.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 169.06 742.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 205.88 742.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 255.47 742.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 284.52 742.10 Td (process ) Tj ET Q q 0 0 0 rg BT 316.89 742.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 353.16 742.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 398.31 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.91 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.95 742.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 469.89 742.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 505.58 742.10 Td (values ) Tj ET Q q 0 0 0 rg BT 533.51 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 742.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.28 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.90 730.10 Td (values; ) Tj ET Q q 0 0 0 rg BT 137.98 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.38 730.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 193.11 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.73 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 232.14 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.21 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.29 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 295.69 730.10 Td (units ) Tj ET Q q 0 0 0 rg BT 316.89 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.64 730.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 365.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.34 730.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 424.41 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.93 730.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 464.01 730.10 Td (method ) Tj ET Q q 0 0 0 rg BT 495.75 730.10 Td (using ) Tj ET Q q 0 0 0 rg BT 519.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 730.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.24 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.15 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 111.61 718.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.51 718.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.31 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.67 718.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 214.97 718.10 Td (If ) Tj ET Q q 0 0 0 rg BT 224.21 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.01 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.47 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 279.71 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.63 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.65 718.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 336.88 718.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 355.02 718.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 389.25 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 401.28 718.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 437.18 718.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 463.92 718.10 Td (then ) Tj ET Q q 0 0 0 rg BT 483.72 718.10 Td (no ) Tj ET Q q 0 0 0 rg BT 496.30 718.10 Td (further ) Tj ET Q q 0 0 0 rg BT 526.09 718.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 555.34 718.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 88.19 706.10 Td (However) Tj ET Q q 0 0 0 rg BT 124.44 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.32 706.10 Td (if ) Tj ET Q q 0 0 0 rg BT 137.80 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.62 706.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 183.65 706.10 Td (unit) Tj ET Q q 0 0 0 rg BT 201.99 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 208.26 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 224.51 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 248.54 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 270.35 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.50 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 292.32 706.10 Td (less ) Tj ET Q q 0 0 0 rg BT 309.70 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 329.29 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 341.11 706.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 376.81 706.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 403.34 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.38 706.10 Td (would ) Tj ET Q q 0 0 0 rg BT 444.75 706.10 Td (then ) Tj ET Q q 0 0 0 rg BT 464.35 706.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 506.70 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.30 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.67 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 694.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.06 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 131.08 694.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 145.89 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 154.87 694.10 Td (any) Tj ET Q q 0 0 0 rg BT 168.66 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.03 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.34 694.10 Td (would ) Tj ET Q q 0 0 0 rg BT 229.21 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.52 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 289.48 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.34 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.43 694.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 358.62 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.14 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.35 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 694.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 448.96 694.10 Td (unit) Tj ET Q q 0 0 0 rg BT 467.29 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 474.06 694.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 512.49 694.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 552.55 694.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 83.73 682.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 110.84 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 119.48 682.10 Td (e ) Tj ET Q q 0 0 0 rg BT 127.09 682.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 162.48 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.99 682.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 208.83 682.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 247.56 682.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 296.84 682.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 341.67 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.29 682.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 389.14 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.65 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.16 682.10 Td (September ) Tj ET Q q 0 0 0 rg BT 458.10 682.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 471.28 682.10 Td (each ) Tj ET Q q 0 0 0 rg BT 492.78 682.10 Td (year) Tj ET Q q 0 0 0 rg BT 509.43 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.11 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.62 682.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 549.80 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.64 670.10 Td (residing ) Tj ET Q q 0 0 0 rg BT 123.94 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.80 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.10 670.10 Td (Broker ) Tj ET Q q 0 0 0 rg BT 180.95 670.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 217.37 670.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 257.11 670.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 275.75 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.27 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.57 670.10 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 339.97 670.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 376.39 670.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 416.13 670.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 437.27 670.10 Td (were ) Tj ET Q q 0 0 0 rg BT 459.78 670.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 501.17 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 670.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (based ) Tj ET Q q 0 0 0 rg BT 76.14 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.52 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 102.33 658.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 150.14 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.85 658.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.42 658.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 238.00 658.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 271.08 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.90 658.10 Td (were ) Tj ET Q q 0 0 0 rg BT 311.70 658.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 360.05 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.21 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.36 658.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.61 658.10 Td (been ) Tj ET Q q 0 0 0 rg BT 431.86 658.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 475.78 658.10 Td (In ) Tj ET Q q 0 0 0 rg BT 487.48 658.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.85 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 658.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (residing ) Tj ET Q q 0 0 0 rg BT 84.20 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.95 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.15 646.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 149.55 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.53 646.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 190.17 646.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 207.70 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.12 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.31 646.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 258.63 646.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 308.93 646.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 348.70 646.10 Td (\("RCS"\) ) Tj ET Q q 0 0 0 rg BT 384.40 646.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 423.04 646.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 440.57 646.10 Td (were ) Tj ET Q q 0 0 0 rg BT 461.98 646.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 502.27 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 646.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (using ) Tj ET Q q 0 0 0 rg BT 74.41 634.10 Td (step-one ) Tj ET Q q 0 0 0 rg BT 111.03 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.11 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.07 634.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 187.02 634.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 216.42 634.10 Td (process ) Tj ET Q q 0 0 0 rg BT 249.16 634.10 Td (described ) Tj ET Q q 0 0 0 rg BT 290.22 634.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 319.14 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 337.43 634.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.05 634.10 Td (value ) Tj ET Q q 0 0 0 rg BT 378.45 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.52 634.10 Td (both ) Tj ET Q q 0 0 0 rg BT 410.04 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.12 634.10 Td (these ) Tj ET Q q 0 0 0 rg BT 444.41 634.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.80 634.10 Td (units ) Tj ET Q q 0 0 0 rg BT 506.00 634.10 Td (were ) Tj ET Q q 0 0 0 rg BT 528.17 634.10 Td (found ) Tj ET Q q 0 0 0 rg BT 554.24 634.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.43 622.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 91.18 622.10 Td (than ) Tj ET Q q 0 0 0 rg BT 110.40 622.10 Td (their ) Tj ET Q q 0 0 0 rg BT 130.72 622.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 166.03 622.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 192.18 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.62 622.10 Td (thusly ) Tj ET Q q 0 0 0 rg BT 235.06 622.10 Td (there ) Tj ET Q q 0 0 0 rg BT 257.04 622.10 Td (was ) Tj ET Q q 0 0 0 rg BT 274.59 622.10 Td (no ) Tj ET Q q 0 0 0 rg BT 286.59 622.10 Td (need ) Tj ET Q q 0 0 0 rg BT 307.46 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.23 622.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 350.88 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.65 622.10 Td (step-two, ) Tj ET Q q 0 0 0 rg BT 399.58 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.91 622.10 Td (there ) Tj ET Q q 0 0 0 rg BT 431.89 622.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.44 622.10 Td (no ) Tj ET Q q 0 0 0 rg BT 461.44 622.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 509.53 622.10 Td (indicated.In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 84.37 610.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 117.08 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.14 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.64 610.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 165.26 610.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 216.86 610.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 257.93 610.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 297.86 610.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 319.20 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 331.93 610.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 369.09 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.25 610.10 Td (value ) Tj ET Q q 0 0 0 rg BT 411.18 610.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.02 610.10 Td ($130.0 ) Tj ET Q q 0 0 0 rg BT 460.80 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.69 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.97 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 520.69 610.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 610.10 Td ($36.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.61 598.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.66 598.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.99 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.20 598.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 153.02 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.06 598.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.23 598.10 Td ($93.2 ) Tj ET Q q 0 0 0 rg BT 201.45 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.34 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.05 598.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 269.09 598.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 295.96 598.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 315.34 598.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 367.50 598.10 Td (used ) Tj ET Q q 0 0 0 rg BT 388.55 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.05 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.98 598.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.57 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 454.95 598.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 513.20 598.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.35 598.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.74 586.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 116.17 586.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 138.14 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.56 586.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.89 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.99 586.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.86 586.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.19 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.28 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.82 586.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 252.80 586.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.88 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.30 586.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.63 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.55 586.10 Td (As ) Tj ET Q q 0 0 0 rg BT 319.75 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.18 586.10 Td (September ) Tj ET Q q 0 0 0 rg BT 377.04 586.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 392.63 586.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 415.73 586.10 Td (there ) Tj ET Q q 0 0 0 rg BT 438.81 586.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 586.10 Td ($68.3 ) Tj ET Q q 0 0 0 rg BT 483.05 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.94 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.03 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.46 586.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 86.88 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.11 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.77 574.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 133.12 574.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 172.22 574.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 192.18 574.10 Td (A) Tj ET Q q 0 0 0 rg BT 198.85 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.29 574.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.95 574.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 286.16 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.38 574.10 Td (future ) Tj ET Q q 0 0 0 rg BT 322.71 574.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.69 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.79 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.46 574.10 Td (RCS ) Tj ET Q q 0 0 0 rg BT 410.80 574.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 449.90 574.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 467.91 574.10 Td (would ) Tj ET Q q 0 0 0 rg BT 495.35 574.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 539.45 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 547.03 574.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.18 562.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.02 562.10 Td (value ) Tj ET Q q 0 0 0 rg BT 103.64 562.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 161.14 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.77 562.10 Td (this ) Tj ET Q q 0 0 0 rg BT 191.18 562.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 208.70 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.10 562.10 Td (may ) Tj ET Q q 0 0 0 rg BT 244.29 562.10 Td (result ) Tj ET Q q 0 0 0 rg BT 268.47 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.21 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.61 562.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 337.68 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.42 562.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 384.94 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.34 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.74 562.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 466.92 562.10 Td (char) Tj ET Q q 0 0 0 rg BT 483.94 562.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 495.35 562.10 Td (against ) Tj ET Q q 0 0 0 rg BT 525.63 562.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 564.51 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.73 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.34 550.10 Td (years ) Tj ET Q q 0 0 0 rg BT 118.84 550.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.12 550.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.60 550.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.50 550.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 228.40 550.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 253.30 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.14 550.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 295.03 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.09 550.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.93 550.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.93 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.33 550.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 386.83 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.56 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 414.39 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.12 550.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 469.18 550.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 487.13 550.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 525.09 550.10 Td (balances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 526.10 Td (Projections ) Tj ET Q q 0 0 0 rg BT 133.63 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.59 526.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.99 526.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 189.85 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 204.69 526.10 Td (based ) Tj ET Q q 0 0 0 rg BT 230.09 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.72 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.69 526.10 Td (views ) Tj ET Q q 0 0 0 rg BT 284.65 526.10 Td (ofrevenuegrowth ) Tj ET Q q 0 0 0 rg BT 360.59 526.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 384.60 526.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.00 526.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 450.13 526.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 496.63 526.10 Td (future ) Tj ET Q q 0 0 0 rg BT 523.14 526.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 97.07 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 514.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 160.64 514.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 197.43 514.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 219.22 514.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 252.10 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.79 514.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 283.20 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.54 514.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 340.66 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.90 514.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 386.46 514.10 Td (values ) Tj ET Q q 0 0 0 rg BT 414.92 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.27 514.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 468.49 514.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 499.24 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.88 514.10 Td (e ) Tj ET Q q 0 0 0 rg BT 515.22 514.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.00 514.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.78 502.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 105.44 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 120.09 502.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 162.54 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 182.76 502.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 234.66 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.10 502.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 303.41 502.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 352.50 502.10 Td (would ) Tj ET Q q 0 0 0 rg BT 379.95 502.10 Td (use ) Tj ET Q q 0 0 0 rg BT 395.73 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.96 502.10 Td (their ) Tj ET Q q 0 0 0 rg BT 426.73 502.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 466.39 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.17 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 493.49 502.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 519.92 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 537.91 502.10 Td (use ) Tj ET Q q 0 0 0 rg BT 553.69 502.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 490.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 85.94 490.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.84 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.87 490.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 186.01 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.37 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.39 490.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 253.29 490.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 298.31 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 317.77 490.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 341.68 490.10 Td (\(e.g.,revenuegrowth ) Tj ET Q q 0 0 0 rg BT 428.62 490.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 451.69 490.10 Td (future ) Tj ET Q q 0 0 0 rg BT 477.27 490.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 517.83 490.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.66 478.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 110.80 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.01 478.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 167.99 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.09 478.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 215.18 478.10 Td (values\) ) Tj ET Q q 0 0 0 rg BT 246.83 478.10 Td (when ) Tj ET Q q 0 0 0 rg BT 271.26 478.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 322.35 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.34 478.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 353.99 478.10 Td (value ) Tj ET Q q 0 0 0 rg BT 378.41 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.51 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.61 478.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 445.04 478.10 Td (units ) Tj ET Q q 0 0 0 rg BT 467.25 478.10 Td (could ) Tj ET Q q 0 0 0 rg BT 492.24 478.10 Td (result ) Tj ET Q q 0 0 0 rg BT 517.23 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.78 478.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 478.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (values ) Tj ET Q q 0 0 0 rg BT 78.05 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.00 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 114.72 466.10 Td (result ) Tj ET Q q 0 0 0 rg BT 139.44 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.72 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.67 466.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 194.73 466.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.33 466.10 Td (char) Tj ET Q q 0 0 0 rg BT 260.36 466.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 274.25 466.10 Td (As ) Tj ET Q q 0 0 0 rg BT 287.87 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.81 466.10 Td (practice, ) Tj ET Q q 0 0 0 rg BT 331.45 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.18 466.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.57 466.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 418.40 466.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 456.46 466.10 Td (any ) Tj ET Q q 0 0 0 rg BT 473.40 466.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 512.56 466.10 Td (units ) Tj ET Q q 0 0 0 rg BT 534.52 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 552.02 466.10 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 454.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.66 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.59 454.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 146.08 454.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 174.13 454.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 190.51 454.10 Td (value ) Tj ET Q q 0 0 0 rg BT 214.66 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.94 454.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 253.54 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.37 454.10 Td (their ) Tj ET Q q 0 0 0 rg BT 285.20 454.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 321.01 454.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 432.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.13 432.10 Td (following ) Tj ET Q q 0 0 0 rg BT 156.59 432.10 Td (table ) Tj ET Q q 0 0 0 rg BT 177.60 432.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 226.95 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.74 432.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 290.09 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.45 432.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 336.58 432.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 373.14 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.50 432.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 427.95 432.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.30 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.10 432.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 510.45 432.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.02 432.10 Td (occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.61 420.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.61 420.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.11 420.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.05 420.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.05 420.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 395.60 340.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 395.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 395.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 395.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 395.60 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 355.60 340.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 355.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 355.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 355.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 355.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 324.60 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 324.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 324.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 294.60 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 294.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 294.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 264.60 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 264.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 264.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 234.60 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 234.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 234.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 56.5 395.6 m 396.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 395.6 m 475.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 395.6 m 554.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 324.6 m 554.5 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 310.6 m 554.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 308.6 m 554.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 234.60000000000002 m 554.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 220.60000000000002 m 554.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 218.60000000000002 m 554.5 218.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.10 400.28 Td (Company acquired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.45 400.28 Td (Date acquired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.05 400.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 385.27 Td (PB Systems, Inc. and PB Systems Private Limited \(together being "PB Systems"\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 375.27 Td (final purchase allocation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.05 375.27 Td (June 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 375.27 Td (4,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 360.27 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 107.04 360.27 Td (JV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.90 360.27 Td (July 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 360.27 Td (20,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 344.27 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 88.44 344.27 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 108.71 344.27 Td (d.b.a ) Tj ET Q q 0 0 0 rg BT 130.65 344.27 Td (Hope ) Tj ET Q q 0 0 0 rg BT 154.81 344.27 Td (Health ) Tj ET Q q 0 0 0 rg BT 183.97 344.27 Td (\("Hope"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 344.27 Td (November 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 344.27 Td (1,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 329.27 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 85.38 329.27 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 123.99 329.27 Td (em ) Tj ET Q q 0 0 0 rg BT 138.52 329.27 Td (T) Tj ET Q q 0 0 0 rg BT 143.93 329.27 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 190.30 329.27 Td (SA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 329.27 Td (November 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 329.27 Td (13,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.70 314.27 Td (Total changes to goodwill during 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 314.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 314.27 Td (40,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 284.27 Td (CurePet, Inc. \("CurePet"\); see Note 18, "Investment in Joint Venture") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.70 284.27 Td (January 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.80 284.32 Td (\(1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 269.27 Td (DCM Group Inc. \(d.b.a. i3 Software\) \("i3"\); final purchase allocation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.70 269.27 Td (December 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.80 269.32 Td (\(2,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 269.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 254.27 Td (Via Media Health Communications Private Limited \("Via Media Health"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.20 254.27 Td (March 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 254.27 Td (2,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 239.27 Td (PB Systems, Inc. and PB Systems Private Limited \(together being "PB Systems"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.05 239.27 Td (June 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 239.27 Td (6,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.70 224.27 Td (Total changes to goodwill during 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 224.27 Td (4,986) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 742.10 Td (Changes in the carrying amount of goodwill for the years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.53 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.12 742.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.56 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.56 742.10 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 692.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 692.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 692.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 662.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 662.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 662.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 622.60 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 622.60 78.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 707.6 m 480.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 707.6 m 562.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 692.6 m 480.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 692.6 m 484.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 692.6 m 562.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 692.6 m 480.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 692.6 m 484.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 692.6 m 562.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 607.6 m 480.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 607.6 m 484.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 607.6 m 562.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 607.6 m 480.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 593.6 m 480.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 591.6 m 480.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 607.6 m 484.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 593.6 m 484.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 591.6 m 484.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 607.6 m 562.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 593.6 m 562.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 591.6 m 562.5 591.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.90 722.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 712.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.90 722.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 712.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.55 697.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 682.27 Td (Beginning Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 682.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 682.27 Td (402,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 682.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 682.27 Td (402,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 667.27 Td (Additions for current year acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 667.27 Td (35,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 667.27 Td (8,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 652.27 Td (Purchase accounting adjustments for prior year acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 652.27 Td (4,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 652.32 Td (\(2,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 652.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.27 Td (Contributed portions of CurePet investment to Joint Venture, ; see Note 18,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.27 Td ("Investment in Joint Venture") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 627.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 627.32 Td (\(1,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.27 Td (Foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 612.32 Td (\(940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 612.32 Td (\(4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.27 Td (Ending Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 597.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 597.27 Td (441,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 597.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 597.27 Td (402,259) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 571.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.70 571.10 Td (Company) Tj ET Q q 0 0 0 rg BT 160.37 571.10 Td (s ) Tj ET Q q 0 0 0 rg BT 168.41 571.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 234.21 571.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.69 571.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.06 571.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 323.30 571.10 Td (with ) Tj ET Q q 0 0 0 rg BT 345.23 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.61 571.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 404.08 571.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 422.11 571.10 Td (value ) Tj ET Q q 0 0 0 rg BT 447.92 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.40 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.77 571.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 525.35 571.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 103.36 559.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 137.28 559.10 Td (with ) Tj ET Q q 0 0 0 rg BT 157.32 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.79 559.10 Td (property ) Tj ET Q q 0 0 0 rg BT 207.93 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.62 559.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 259.64 559.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 300.22 559.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 332.45 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.99 559.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 380.90 559.10 Td (using ) Tj ET Q q 0 0 0 rg BT 404.83 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.41 559.10 Td (property ) Tj ET Q q 0 0 0 rg BT 456.55 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.24 559.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 508.27 559.10 Td (\("P&C"\) ) Tj ET Q q 0 0 0 rg BT 545.36 559.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.37 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.42 547.10 Td (with ) Tj ET Q q 0 0 0 rg BT 127.81 547.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 157.62 547.10 Td (lar) Tj ET Q q 0 0 0 rg BT 167.99 547.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 180.04 547.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 220.41 547.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 263.56 547.10 Td (using ) Tj ET Q q 0 0 0 rg BT 287.85 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.79 547.10 Td (client ) Tj ET Q q 0 0 0 rg BT 328.61 547.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 378.44 547.10 Td (management ) Tj ET Q q 0 0 0 rg BT 432.14 547.10 Td (\(CRM\) ) Tj ET Q q 0 0 0 rg BT 472.52 547.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 509.57 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.96 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 547.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 79.92 535.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 103.45 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.76 535.10 Td (these ) Tj ET Q q 0 0 0 rg BT 138.83 535.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 185.69 535.10 Td (business ) Tj ET Q q 0 0 0 rg BT 223.11 535.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 274.41 535.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 296.83 535.10 Td (had ) Tj ET Q q 0 0 0 rg BT 314.80 535.10 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 366.09 535.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 414.04 535.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 468.68 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.99 535.10 Td (these ) Tj ET Q q 0 0 0 rg BT 514.06 535.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 547.57 535.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 89.70 523.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 120.12 523.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.62 523.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 175.66 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.82 523.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 232.85 523.10 Td (at ) Tj ET Q q 0 0 0 rg BT 242.02 523.10 Td (little ) Tj ET Q q 0 0 0 rg BT 262.30 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.58 523.10 Td (no ) Tj ET Q q 0 0 0 rg BT 284.53 523.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 305.09 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.48 523.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 342.32 523.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 373.15 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.88 523.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 419.27 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.00 523.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 455.38 523.10 Td (these ) Tj ET Q q 0 0 0 rg BT 477.87 523.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 515.92 523.10 Td (indefinitely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.53 511.10 Td (has ) Tj ET Q q 0 0 0 rg BT 83.94 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.25 511.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 127.89 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.75 511.10 Td (do ) Tj ET Q q 0 0 0 rg BT 151.84 511.10 Td (so. ) Tj ET Q q 0 0 0 rg BT 166.10 511.10 Td (The ) Tj ET Q q 0 0 0 rg BT 184.73 511.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 232.24 511.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 279.76 511.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 325.63 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.93 511.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 364.03 511.10 Td (data ) Tj ET Q q 0 0 0 rg BT 383.77 511.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 424.61 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.14 511.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 467.46 511.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 504.98 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.06 511.10 Td (is ) Tj ET Q q 0 0 0 rg BT 532.82 511.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.24 511.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 81.44 499.10 Td (services ) Tj ET Q q 0 0 0 rg BT 117.31 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.76 499.10 Td (these ) Tj ET Q q 0 0 0 rg BT 152.98 499.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 186.63 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.74 499.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 246.17 499.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 278.44 499.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 308.77 499.10 Td (feasibly ) Tj ET Q q 0 0 0 rg BT 344.10 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.21 499.10 Td (ef) Tj ET Q q 0 0 0 rg BT 364.79 499.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 403.45 499.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 440.98 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.43 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.32 499.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 517.51 499.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 547.56 499.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 98.46 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.93 487.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.96 487.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.44 487.10 Td (forthcoming ) Tj ET Q q 0 0 0 rg BT 205.13 487.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.83 487.10 Td (these ) Tj ET Q q 0 0 0 rg BT 247.63 487.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 289.43 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.90 487.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 339.69 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.72 487.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 384.41 487.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 429.86 487.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.53 487.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.57 487.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 454.38 487.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 483.95 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.99 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.46 487.10 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.29 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.47 475.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 117.75 475.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 136.53 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.71 475.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.56 475.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 239.83 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.01 475.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 293.50 475.10 Td (use ) Tj ET Q q 0 0 0 rg BT 309.79 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.09 475.10 Td (these ) Tj ET Q q 0 0 0 rg BT 344.59 475.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 387.54 475.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 416.33 475.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 456.51 475.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 502.77 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.51 475.10 Td (renewing ) Tj ET Q q 0 0 0 rg BT 553.67 475.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 92.12 463.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 122.58 463.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 181.63 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.76 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.66 463.10 Td (ef) Tj ET Q q 0 0 0 rg BT 221.25 463.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 242.82 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.84 463.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 306.79 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.92 463.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 367.70 463.10 Td (that ) Tj ET Q q 0 0 0 rg BT 385.38 463.10 Td (there ) Tj ET Q q 0 0 0 rg BT 408.06 463.10 Td (were ) Tj ET Q q 0 0 0 rg BT 430.17 463.10 Td (no ) Tj ET Q q 0 0 0 rg BT 442.86 463.10 Td (indications ) Tj ET Q q 0 0 0 rg BT 489.43 463.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.56 463.10 Td (these ) Tj ET Q q 0 0 0 rg BT 534.79 463.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.77 451.10 Td (suggest ) Tj ET Q q 0 0 0 rg BT 93.76 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.74 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.95 451.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 165.47 451.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 192.90 451.10 Td (life ) Tj ET Q q 0 0 0 rg BT 209.21 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.53 451.10 Td (these ) Tj ET Q q 0 0 0 rg BT 244.07 451.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 283.72 451.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 337.81 451.10 Td (would ) Tj ET Q q 0 0 0 rg BT 365.80 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.23 451.10 Td (finite. ) Tj ET Q q 0 0 0 rg BT 404.60 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 423.14 451.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.02 451.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 509.10 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.09 451.10 Td (no ) Tj ET Q q 0 0 0 rg BT 540.08 451.10 Td (legal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (regulatory) Tj ET Q q 0 0 0 rg BT 90.44 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.49 439.10 Td (contractual, ) Tj ET Q q 0 0 0 rg BT 142.96 439.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.83 439.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 201.59 439.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 230.34 439.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 260.22 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.98 439.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 299.97 439.10 Td (life ) Tj ET Q q 0 0 0 rg BT 314.84 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.72 439.10 Td (these ) Tj ET Q q 0 0 0 rg BT 346.81 439.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 388.35 439.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 413.22 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.21 439.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 466.84 439.10 Td (their ) Tj ET Q q 0 0 0 rg BT 486.71 439.10 Td (life ) Tj ET Q q 0 0 0 rg BT 501.58 439.10 Td (was ) Tj ET Q q 0 0 0 rg BT 518.68 439.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.53 427.10 Td (indefinite, ) Tj ET Q q 0 0 0 rg BT 114.51 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.11 427.10 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 180.47 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.84 427.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.89 427.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 268.03 427.10 Td (these ) Tj ET Q q 0 0 0 rg BT 290.74 427.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 329.55 427.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 382.81 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.75 427.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 422.67 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.05 427.10 Td (same ) Tj ET Q q 0 0 0 rg BT 459.75 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 473.57 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.94 427.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 535.63 427.10 Td (future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.60 415.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.53 415.10 Td (values ) Tj ET Q q 0 0 0 rg BT 114.13 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.51 415.10 Td (these ) Tj ET Q q 0 0 0 rg BT 149.11 415.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 213.80 415.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 256.85 415.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.23 415.10 Td (were ) Tj ET Q q 0 0 0 rg BT 305.71 415.10 Td (based ) Tj ET Q q 0 0 0 rg BT 331.53 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.58 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.85 415.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 395.12 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.50 415.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 452.88 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.70 415.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 495.08 415.10 Td (\(DCF\) ) Tj ET Q q 0 0 0 rg BT 533.12 415.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 89.48 403.10 Td (out ) Tj ET Q q 0 0 0 rg BT 105.64 403.10 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 135.12 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.29 403.10 Td (twenty ) Tj ET Q q 0 0 0 rg BT 176.89 403.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 203.87 403.10 Td (In ) Tj ET Q q 0 0 0 rg BT 215.59 403.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.97 403.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 299.00 403.10 Td (does ) Tj ET Q q 0 0 0 rg BT 320.71 403.10 Td (not ) Tj ET Q q 0 0 0 rg BT 336.88 403.10 Td (imply ) Tj ET Q q 0 0 0 rg BT 363.60 403.10 Td (an ) Tj ET Q q 0 0 0 rg BT 376.42 403.10 Td (infinite ) Tj ET Q q 0 0 0 rg BT 408.69 403.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 427.90 403.10 Td (but ) Tj ET Q q 0 0 0 rg BT 444.06 403.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 470.76 403.10 Td (means ) Tj ET Q q 0 0 0 rg BT 499.69 403.10 Td (that ) Tj ET Q q 0 0 0 rg BT 518.07 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.68 403.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 90.46 391.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 145.37 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 161.38 391.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 200.71 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.30 391.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 242.76 391.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 276.00 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.02 391.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 341.35 391.10 Td (time ) Tj ET Q q 0 0 0 rg BT 362.92 391.10 Td (horizon, ) Tj ET Q q 0 0 0 rg BT 399.78 391.10 Td (we ) Tj ET Q q 0 0 0 rg BT 415.24 391.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 449.03 391.10 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 478.93 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.52 391.10 Td (twenty ) Tj ET Q q 0 0 0 rg BT 521.54 391.10 Td (year ) Tj ET Q q 0 0 0 rg BT 542.55 391.10 Td (DCF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (projections, ) Tj ET Q q 0 0 0 rg BT 100.13 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.65 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.06 379.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 167.46 379.10 Td (models ) Tj ET Q q 0 0 0 rg BT 199.54 379.10 Td (that ) Tj ET Q q 0 0 0 rg BT 217.73 379.10 Td (were ) Tj ET Q q 0 0 0 rg BT 240.35 379.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 272.98 379.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 310.04 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.68 379.10 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 346.96 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.93 379.10 Td (twenty ) Tj ET Q q 0 0 0 rg BT 388.34 379.10 Td (year ) Tj ET Q q 0 0 0 rg BT 408.74 379.10 Td (time ) Tj ET Q q 0 0 0 rg BT 429.71 379.10 Td (frame ) Tj ET Q q 0 0 0 rg BT 456.21 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.19 379.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.82 379.10 Td (an ) Tj ET Q q 0 0 0 rg BT 492.45 379.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 533.96 379.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 113.50 367.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 154.79 367.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.41 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 192.92 367.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.00 367.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 250.78 367.10 Td (but ) Tj ET Q q 0 0 0 rg BT 264.85 367.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 289.47 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.97 367.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 327.60 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.56 367.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 387.95 367.10 Td (annually) Tj ET Q q 0 0 0 rg BT 421.74 367.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.44 367.10 Td (W) Tj ET Q q 0 0 0 rg BT 434.08 367.10 Td (e ) Tj ET Q q 0 0 0 rg BT 439.82 367.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 473.32 367.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.95 367.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 515.91 367.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 79.16 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.99 355.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 154.13 355.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 196.62 355.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.44 355.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.27 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.10 355.10 Td (September30th ) Tj ET Q q 0 0 0 rg BT 309.64 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.46 355.10 Td (each ) Tj ET Q q 0 0 0 rg BT 341.27 355.10 Td (year) Tj ET Q q 0 0 0 rg BT 357.93 355.10 Td (. ) Tj ET Q q 0 0 0 rg BT 362.93 355.10 Td (During ) Tj ET Q q 0 0 0 rg BT 393.75 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.47 355.10 Td (years ) Tj ET Q q 0 0 0 rg BT 432.06 355.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.44 355.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 517.02 355.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.02 355.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 355.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.05 343.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.05 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.17 343.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.44 343.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.49 343.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.49 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.11 343.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 188.71 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.10 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.93 343.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 251.52 343.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 288.56 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.50 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.45 343.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 379.71 343.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 422.31 343.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 450.57 343.10 Td (W) Tj ET Q q 0 0 0 rg BT 459.20 343.10 Td (e ) Tj ET Q q 0 0 0 rg BT 466.26 343.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 501.08 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.91 343.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (test ) Tj ET Q q 0 0 0 rg BT 66.84 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.45 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.72 331.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 162.32 331.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 205.26 331.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 231.54 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.49 331.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 290.20 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.37 331.10 Td (asset) Tj ET Q q 0 0 0 rg BT 327.58 331.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.42 331.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 351.25 331.10 Td (value ) Tj ET Q q 0 0 0 rg BT 375.85 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.58 331.10 Td (its ) Tj ET Q q 0 0 0 rg BT 398.98 331.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 435.24 331.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 461.70 331.10 Td (An ) Tj ET Q q 0 0 0 rg BT 476.87 331.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 525.92 331.10 Td (char) Tj ET Q q 0 0 0 rg BT 542.94 331.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 555.33 331.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 319.10 Td (if ) Tj ET Q q 0 0 0 rg BT 104.97 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.69 319.10 Td (asset) Tj ET Q q 0 0 0 rg BT 141.90 319.10 Td (s ) Tj ET Q q 0 0 0 rg BT 148.30 319.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 189.12 319.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.49 319.10 Td (value ) Tj ET Q q 0 0 0 rg BT 229.65 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.82 319.10 Td (less ) Tj ET Q q 0 0 0 rg BT 256.32 319.10 Td (than ) Tj ET Q q 0 0 0 rg BT 276.04 319.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.98 319.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 323.80 319.10 Td (value. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 297.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 114.93 297.10 Td (chased ) Tj ET Q q 0 0 0 rg BT 146.17 297.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 191.91 297.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.58 297.10 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 272.03 297.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 314.37 297.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.06 297.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 379.06 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.63 297.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.31 297.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 450.54 297.10 Td (value ) Tj ET Q q 0 0 0 rg BT 474.55 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.23 297.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 522.01 297.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.21 285.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.53 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.62 285.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 154.72 285.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.60 285.10 Td (we ) Tj ET Q q 0 0 0 rg BT 185.14 285.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 216.44 285.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.10 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.19 285.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 259.85 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.17 285.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 306.93 285.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 345.46 285.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.12 285.10 Td (which ) Tj ET Q q 0 0 0 rg BT 381.44 285.10 Td (we ) Tj ET Q q 0 0 0 rg BT 394.97 285.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 428.64 285.10 Td (These ) Tj ET Q q 0 0 0 rg BT 454.40 285.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 496.81 285.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 538.68 285.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (include ) Tj ET Q q 0 0 0 rg BT 82.77 273.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 122.75 273.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 179.69 273.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 224.11 273.10 Td (technology) Tj ET Q q 0 0 0 rg BT 267.90 273.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.73 273.10 Td (informational ) Tj ET Q q 0 0 0 rg BT 331.49 273.10 Td (databases, ) Tj ET Q q 0 0 0 rg BT 375.64 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.41 273.10 Td (trademarks. ) Tj ET Q q 0 0 0 rg BT 443.42 273.10 Td (W) Tj ET Q q 0 0 0 rg BT 452.06 273.10 Td (e ) Tj ET Q q 0 0 0 rg BT 459.83 273.10 Td (amortize ) Tj ET Q q 0 0 0 rg BT 498.14 273.10 Td (these ) Tj ET Q q 0 0 0 rg BT 522.02 273.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 261.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.33 261.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.27 261.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 146.09 261.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 168.59 261.10 Td (over ) Tj ET Q q 0 0 0 rg BT 188.86 261.10 Td (their ) Tj ET Q q 0 0 0 rg BT 209.68 261.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 250.50 261.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 277.44 261.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 301.33 261.10 Td (as ) Tj ET Q q 0 0 0 rg BT 312.16 261.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 223.60 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 223.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 195.60 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 195.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.60 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 167.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 223.60000000000002 m 500.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 223.60000000000002 m 556.5 223.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 241.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.35 241.28 Td (Life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 227.33 Td (Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 227.33 Td (\(yrs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 214.17 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 214.17 Td (7-20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 200.17 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 200.17 Td (3-12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 186.17 Td (Trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 186.17 Td (3-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 172.17 Td (Non-compete agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 172.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.17 Td (Database) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 158.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 720.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 93.04 720.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.87 720.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.70 720.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.53 720.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 199.12 720.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.12 720.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.62 720.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.55 720.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.14 720.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 720.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.14 720.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.85 720.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.68 720.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 642.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 642.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 642.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 614.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 614.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 614.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 586.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 586.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 558.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 558.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 530.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 530.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.60 371.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 502.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 502.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 502.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 670.6 m 488.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 670.6 m 562.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 656.6 m 488.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 656.6 m 492.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 656.6 m 562.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 558.6 m 488.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 558.6 m 562.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 530.6 m 488.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 530.6 m 562.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 517.6 m 488.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 515.6 m 488.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 517.6 m 562.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 515.6 m 562.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 475.6 m 488.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 473.6 m 488.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 475.6 m 562.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 473.6 m 562.5 473.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.40 699.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.50 675.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 675.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 661.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.50 661.28 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.17 Td (Finite-lived intangible assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 647.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 647.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.17 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 633.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 633.17 Td (71,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 633.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 633.17 Td (76,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.17 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 619.17 Td (16,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 619.17 Td (15,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.17 Td (Trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 605.17 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 605.17 Td (2,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td (Non-compete agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 591.17 Td (764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 591.17 Td (743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.17 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 577.17 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 577.17 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td (Database) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 563.17 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 563.17 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Total intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 549.17 Td (91,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 549.17 Td (95,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (Accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 535.22 Td (\(49,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 535.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 535.22 Td (\(43,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 535.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.17 Td (Finite-lived intangibles, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 521.17 Td (41,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 521.17 Td (51,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.17 Td (Indefinite-lived intangibles:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 493.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 493.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.17 Td (Customer/territorial relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 479.17 Td (30,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 479.17 Td (30,887) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 441.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 132.72 441.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.47 441.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.80 441.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.86 441.10 Td (The ) Tj ET Q q 0 0 0 rg BT 186.62 441.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.72 441.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 259.94 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.37 441.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 296.03 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.68 441.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 346.01 441.10 Td (method ) Tj ET Q q 0 0 0 rg BT 378.22 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.77 441.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 434.86 441.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.73 441.10 Td (income ) Tj ET Q q 0 0 0 rg BT 480.38 441.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 503.15 441.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 539.80 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 441.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 88.58 429.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 127.71 429.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 155.74 429.10 Td (by ) Tj ET Q q 0 0 0 rg BT 168.77 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.03 429.10 Td (F) Tj ET Q q 0 0 0 rg BT 188.85 429.10 Td (ASB. ) Tj ET Q q 0 0 0 rg BT 213.83 429.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 252.40 429.10 Td (income ) Tj ET Q q 0 0 0 rg BT 284.86 429.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 308.44 429.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.69 429.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 361.70 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.51 429.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 401.08 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.33 429.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 431.58 429.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 489.59 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 502.62 429.10 Td (future ) Tj ET Q q 0 0 0 rg BT 529.54 429.10 Td (years ) Tj ET Q q 0 0 0 rg BT 553.67 429.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 417.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 97.43 417.10 Td (between ) Tj ET Q q 0 0 0 rg BT 133.94 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.35 417.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.76 417.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 187.96 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.48 417.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 226.01 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.64 417.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 286.55 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.18 417.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 345.14 417.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 363.90 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.53 417.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 396.94 417.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.90 417.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 446.63 417.10 Td (forwards, ) Tj ET Q q 0 0 0 rg BT 487.87 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.50 417.10 Td (their ) Tj ET Q q 0 0 0 rg BT 527.02 417.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.83 405.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 126.89 405.10 Td (at ) Tj ET Q q 0 0 0 rg BT 137.28 405.10 Td (each ) Tj ET Q q 0 0 0 rg BT 158.77 405.10 Td (period ) Tj ET Q q 0 0 0 rg BT 187.49 405.10 Td (end ) Tj ET Q q 0 0 0 rg BT 205.10 405.10 Td (using ) Tj ET Q q 0 0 0 rg BT 229.94 405.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 263.64 405.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 279.03 405.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 301.08 405.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 339.79 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.74 405.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 376.13 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.08 405.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 419.13 405.10 Td (income ) Tj ET Q q 0 0 0 rg BT 451.73 405.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.68 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.07 405.10 Td (years ) Tj ET Q q 0 0 0 rg BT 502.34 405.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.30 405.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.91 405.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.14 393.10 Td (dif) Tj ET Q q 0 0 0 rg BT 104.07 393.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 139.42 393.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.68 393.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 191.26 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.09 393.10 Td (be ) Tj ET Q q 0 0 0 rg BT 212.57 393.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 254.04 393.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.41 393.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 295.07 393.10 Td (In ) Tj ET Q q 0 0 0 rg BT 305.44 393.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 344.71 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.98 393.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 408.78 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.16 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 393.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 468.78 393.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.04 393.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 510.92 393.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 90.75 381.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 125.95 381.10 Td (it ) Tj ET Q q 0 0 0 rg BT 134.49 381.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.14 381.10 Td (more ) Tj ET Q q 0 0 0 rg BT 167.67 381.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 193.43 381.10 Td (than ) Tj ET Q q 0 0 0 rg BT 213.63 381.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.40 381.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.38 381.10 Td (some ) Tj ET Q q 0 0 0 rg BT 271.47 381.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 303.34 381.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.66 381.10 Td (all ) Tj ET Q q 0 0 0 rg BT 327.64 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.95 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.15 381.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 390.44 381.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 405.65 381.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 431.96 381.10 Td (will ) Tj ET Q q 0 0 0 rg BT 450.50 381.10 Td (not ) Tj ET Q q 0 0 0 rg BT 466.26 381.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.69 381.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 515.15 381.10 Td (A) Tj ET Q q 0 0 0 rg BT 521.82 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.81 381.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.52 369.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.17 369.10 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 140.63 369.10 Td (if ) Tj ET Q q 0 0 0 rg BT 148.73 369.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 186.94 369.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.43 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.07 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.27 369.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 250.15 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.46 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.66 369.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 309.95 369.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 324.16 369.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.47 369.10 Td (that ) Tj ET Q q 0 0 0 rg BT 366.45 369.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.64 369.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.41 369.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 432.92 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.69 369.10 Td (be ) Tj ET Q q 0 0 0 rg BT 454.11 369.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 487.73 369.10 Td (based ) Tj ET Q q 0 0 0 rg BT 512.49 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.47 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 369.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.15 357.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 101.17 357.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 132.86 357.10 Td (income ) Tj ET Q q 0 0 0 rg BT 165.11 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.37 357.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 229.62 357.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.09 357.10 Td (future ) Tj ET Q q 0 0 0 rg BT 270.79 357.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 302.48 357.10 Td (income ) Tj ET Q q 0 0 0 rg BT 334.73 357.10 Td (over ) Tj ET Q q 0 0 0 rg BT 355.31 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.34 357.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 402.60 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.19 357.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.45 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.48 357.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 499.39 357.10 Td (dif) Tj ET Q q 0 0 0 rg BT 510.32 357.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 546.44 357.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 345.10 Td (deductible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 323.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.49 323.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.32 323.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 189.26 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.41 323.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 247.02 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.30 323.10 Td (F) Tj ET Q q 0 0 0 rg BT 262.12 323.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 283.51 323.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 329.32 323.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 367.36 323.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.30 323.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 425.11 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.71 323.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 477.85 323.10 Td (income ) Tj ET Q q 0 0 0 rg BT 509.23 323.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.39 323.10 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.19 311.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 104.94 311.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 135.47 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.55 311.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 177.64 311.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 215.93 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.24 311.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 272.54 311.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.40 311.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 326.67 311.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 377.20 311.10 Td (\(Step ) Tj ET Q q 0 0 0 rg BT 404.39 311.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 418.81 311.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 446.56 311.10 Td (when ) Tj ET Q q 0 0 0 rg BT 469.87 311.10 Td (an ) Tj ET Q q 0 0 0 rg BT 480.95 311.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 522.02 311.10 Td (concludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.88 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.20 299.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.30 299.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 127.91 299.10 Td (based ) Tj ET Q q 0 0 0 rg BT 153.56 299.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 180.33 299.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.22 299.10 Td (its ) Tj ET Q q 0 0 0 rg BT 205.55 299.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 244.52 299.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 272.40 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.95 299.10 Td (more ) Tj ET Q q 0 0 0 rg BT 305.38 299.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 331.04 299.10 Td (than ) Tj ET Q q 0 0 0 rg BT 351.14 299.10 Td (not ) Tj ET Q q 0 0 0 rg BT 366.80 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.46 299.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.78 299.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 429.88 299.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 452.77 299.10 Td (examination. ) Tj ET Q q 0 0 0 rg BT 507.58 299.10 Td (Measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (\(Step ) Tj ET Q q 0 0 0 rg BT 77.67 287.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 92.56 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.35 287.10 Td (only ) Tj ET Q q 0 0 0 rg BT 121.26 287.10 Td (addressed ) Tj ET Q q 0 0 0 rg BT 162.81 287.10 Td (if ) Tj ET Q q 0 0 0 rg BT 171.04 287.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 190.94 287.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 198.06 287.10 Td (has ) Tj ET Q q 0 0 0 rg BT 213.52 287.10 Td (been ) Tj ET Q q 0 0 0 rg BT 234.52 287.10 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 272.46 287.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 299.58 287.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 319.48 287.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 329.10 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.44 287.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.78 287.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 387.67 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 396.46 287.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 436.90 287.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.24 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.58 287.10 Td (lar) Tj ET Q q 0 0 0 rg BT 470.95 287.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 489.18 287.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 521.30 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.75 287.10 Td (benefit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 98.20 275.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.41 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.07 275.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 166.71 275.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 213.81 275.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 237.03 275.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.24 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.13 275.10 Td (more ) Tj ET Q q 0 0 0 rg BT 288.89 275.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 314.88 275.10 Td (than ) Tj ET Q q 0 0 0 rg BT 335.32 275.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.31 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.31 275.10 Td (be ) Tj ET Q q 0 0 0 rg BT 374.96 275.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 409.82 275.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 433.04 275.10 Td (final ) Tj ET Q q 0 0 0 rg BT 454.58 275.10 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 500.68 275.10 Td (As ) Tj ET Q q 0 0 0 rg BT 515.01 275.10 Td (used ) Tj ET Q q 0 0 0 rg BT 536.56 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.56 275.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (context, ) Tj ET Q q 0 0 0 rg BT 84.43 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.15 263.10 Td (term ) Tj ET Q q 0 0 0 rg BT 119.98 263.10 Td (more ) Tj ET Q q 0 0 0 rg BT 147.46 263.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 172.73 263.10 Td (than ) Tj ET Q q 0 0 0 rg BT 192.45 263.10 Td (not ) Tj ET Q q 0 0 0 rg BT 212.17 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 221.34 263.10 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 267.15 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.43 263.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 301.58 263.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.08 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 263.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 376.85 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.68 263.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 434.03 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.20 263.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 473.45 263.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.17 263.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.50 263.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 241.10 Td (For) Tj ET Q q 0 0 0 rg BT 114.37 241.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 134.05 241.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 155.53 241.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 176.73 241.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.66 241.10 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.00 241.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.45 241.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 295.89 241.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 332.77 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 346.33 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.45 241.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 406.93 241.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 437.71 241.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 486.83 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.51 241.10 Td (India, ) Tj ET Q q 0 0 0 rg BT 521.46 241.10 Td (Singapore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.97 229.10 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 93.93 229.10 Td (is ) Tj ET Q q 0 0 0 rg BT 103.13 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.88 229.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 138.19 229.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 164.04 229.10 Td (because ) Tj ET Q q 0 0 0 rg BT 198.22 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.96 229.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 259.91 229.10 Td (property ) Tj ET Q q 0 0 0 rg BT 296.32 229.10 Td (research ) Tj ET Q q 0 0 0 rg BT 332.15 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.12 229.10 Td (development ) Tj ET Q q 0 0 0 rg BT 403.30 229.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 441.92 229.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 480.00 229.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.53 229.10 Td (its ) Tj ET Q q 0 0 0 rg BT 504.50 229.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 547.58 229.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 76.34 217.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 127.96 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.30 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.42 217.10 Td (product ) Tj ET Q q 0 0 0 rg BT 190.87 217.10 Td (development ) Tj ET Q q 0 0 0 rg BT 244.43 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.77 217.10 Td (information ) Tj ET Q q 0 0 0 rg BT 309.88 217.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 356.22 217.10 Td (enabled ) Tj ET Q q 0 0 0 rg BT 389.22 217.10 Td (services ) Tj ET Q q 0 0 0 rg BT 423.33 217.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 461.33 217.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.89 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.01 217.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 529.23 217.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 88.05 205.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.55 205.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.50 205.10 Td (India ) Tj ET Q q 0 0 0 rg BT 135.54 205.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 176.00 205.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.00 205.10 Td (both ) Tj ET Q q 0 0 0 rg BT 201.28 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.56 205.10 Td (support ) Tj ET Q q 0 0 0 rg BT 244.06 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.89 205.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 281.97 205.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 322.23 205.10 Td (divisions ) Tj ET Q q 0 0 0 rg BT 360.85 205.10 Td (across ) Tj ET Q q 0 0 0 rg BT 388.34 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.06 205.10 Td (world, ) Tj ET Q q 0 0 0 rg BT 431.39 205.10 Td (are ) Tj ET Q q 0 0 0 rg BT 446.09 205.10 Td (transacted ) Tj ET Q q 0 0 0 rg BT 489.13 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.40 205.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 519.69 205.10 Td (dollars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 183.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.93 183.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 131.85 183.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 168.21 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.92 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.52 183.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 237.48 183.10 Td (other ) Tj ET Q q 0 0 0 rg BT 259.40 183.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 289.66 183.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 338.26 183.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.31 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.91 183.10 Td (local ) Tj ET Q q 0 0 0 rg BT 380.72 183.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 417.08 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.79 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.39 183.10 Td (country ) Tj ET Q q 0 0 0 rg BT 472.32 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.47 183.10 Td (which ) Tj ET Q q 0 0 0 rg BT 507.29 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.89 183.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (operates. ) Tj ET Q q 0 0 0 rg BT 88.85 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.67 171.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.27 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.99 171.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 192.48 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.08 171.10 Td (these ) Tj ET Q q 0 0 0 rg BT 227.90 171.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 260.05 171.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 310.54 171.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.02 171.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 368.16 171.10 Td (into ) Tj ET Q q 0 0 0 rg BT 386.99 171.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 408.05 171.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 438.54 171.10 Td (at ) Tj ET Q q 0 0 0 rg BT 449.03 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.52 171.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 486.67 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.27 171.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.30 171.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 171.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.06 159.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 106.13 159.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 131.70 159.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 164.21 159.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.18 159.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 215.91 159.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 253.42 159.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.16 159.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 309.55 159.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.30 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.04 159.10 Td (average ) Tj ET Q q 0 0 0 rg BT 367.65 159.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 407.93 159.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.33 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.64 159.10 Td (ef) Tj ET Q q 0 0 0 rg BT 447.22 159.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 464.74 159.10 Td (during ) Tj ET Q q 0 0 0 rg BT 493.37 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.11 159.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 538.69 159.10 Td (Gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.38 147.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 94.20 147.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 132.14 147.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.51 147.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 199.66 147.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 250.37 147.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.52 147.10 Td (included ) Tj ET Q q 0 0 0 rg BT 302.89 147.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.15 147.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.53 147.10 Td (component ) Tj ET Q q 0 0 0 rg BT 368.90 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.17 147.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 433.63 147.10 Td (other ) Tj ET Q q 0 0 0 rg BT 457.11 147.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 520.58 147.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 539.08 147.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 147.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 111.82 135.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 165.87 135.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 199.91 135.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 230.36 135.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 264.97 135.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 306.24 135.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 353.62 135.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 378.23 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.18 135.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 423.58 135.10 Td (that ) Tj ET Q q 0 0 0 rg BT 442.08 135.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.80 135.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 491.29 135.10 Td (from ) Tj ET Q q 0 0 0 rg BT 514.24 135.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 104.15 123.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.43 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.37 123.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 158.84 123.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.89 123.10 Td (than ) Tj ET Q q 0 0 0 rg BT 201.61 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.32 123.10 Td (subsidiary's ) Tj ET Q q 0 0 0 rg BT 265.63 123.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 308.67 123.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 346.14 123.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.85 123.10 Td (included ) Tj ET Q q 0 0 0 rg BT 397.78 123.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.06 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.78 123.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 480.82 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.65 123.10 Td (net ) Tj ET Q q 0 0 0 rg BT 506.36 123.10 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 101.10 Td (Advertising) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 101.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.04 101.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 179.90 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.43 101.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 233.61 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.25 101.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 271.76 101.10 Td (direct-response ) Tj ET Q q 0 0 0 rg BT 334.15 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.46 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.55 101.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 409.73 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 428.81 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.45 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.76 101.10 Td (business ) Tj ET Q q 0 0 0 rg BT 479.96 101.10 Td (services ) Tj ET Q q 0 0 0 rg BT 513.48 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.12 101.10 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 85.00 89.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 131.12 89.10 Td (education ) Tj ET Q q 0 0 0 rg BT 173.34 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.47 89.10 Td (physicians, ) Tj ET Q q 0 0 0 rg BT 232.53 89.10 Td (dentists ) Tj ET Q q 0 0 0 rg BT 266.44 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.23 89.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 328.65 89.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 387.27 89.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 435.05 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 458.40 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.96 89.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 514.51 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.19 89.10 Td (incurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 99.35 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.48 77.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 163.04 77.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.95 77.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 192.59 77.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.48 77.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 77.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 245.74 77.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.63 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.26 77.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.83 77.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 315.46 77.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.36 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.49 77.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 77.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.40 77.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.03 77.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.03 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.16 77.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.73 77.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.73 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.36 77.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 492.02 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 496.65 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.22 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.56 77.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.44 65.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 82.55 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.65 65.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 142.86 65.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 181.62 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.06 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.95 65.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 267.92 65.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 323.36 65.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 369.91 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.90 65.10 Td (Income. ) Tj ET Q q 0 0 0 rg BT 416.05 65.10 Td (In ) Tj ET Q q 0 0 0 rg BT 427.05 65.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 449.71 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.82 65.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 489.48 65.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 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517.58 53.10 Td (advertising ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.55 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 118.19 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.52 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.40 742.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 191.60 742.10 Td (education ) Tj ET Q q 0 0 0 rg BT 234.02 742.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 272.28 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.27 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 322.70 742.10 Td (been ) Tj 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Tj ET Q q 0 0 0 rg BT 435.51 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 468.11 730.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 501.82 730.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.42 730.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.07 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (twenty-four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.21 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.92 718.10 Td (months ) Tj ET Q q 0 0 0 rg BT 132.08 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 157.56 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 170.27 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.20 718.10 Td (type ) Tj ET Q q 0 0 0 rg BT 205.13 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.17 718.10 Td (product ) Tj ET Q q 0 0 0 rg BT 249.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.35 718.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 303.72 718.10 Td (purchased. ) Tj ET Q q 0 0 0 rg BT 349.47 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 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BT 308.12 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.49 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.64 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 378.01 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.73 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.21 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 443.47 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 469.73 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.11 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 510.60 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.87 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 694.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.07 694.10 Td (sheet.) 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q 0 0 0 rg BT 244.20 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.09 566.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 297.29 566.10 Td (life ) Tj ET Q q 0 0 0 rg BT 313.29 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.29 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 566.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 399.07 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.07 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 566.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 468.18 566.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 490.84 566.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 514.34 566.10 Td (Repairs ) Tj ET Q q 0 0 0 rg BT 547.56 566.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 103.90 554.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.48 554.10 Td (char) Tj ET Q q 0 0 0 rg BT 136.50 554.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 154.31 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.46 554.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 201.04 554.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.74 554.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 249.43 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.24 554.10 Td (major ) Tj ET Q q 0 0 0 rg BT 293.94 554.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 354.52 554.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.89 554.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 402.92 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.50 554.10 Td (life ) Tj ET Q q 0 0 0 rg BT 435.20 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.90 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.49 554.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 485.30 554.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.88 554.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 547.56 554.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 98.23 542.10 Td (over ) Tj ET Q q 0 0 0 rg BT 118.14 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.51 542.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 170.19 542.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 212.88 542.10 Td (life ) Tj ET Q q 0 0 0 rg BT 228.35 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.83 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.20 542.10 Td (related ) Tj ET Q q 0 0 0 rg BT 282.55 542.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 306.64 542.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 332.11 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.70 542.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 374.74 542.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 411.88 542.10 Td (from ) Tj ET Q q 0 0 0 rg BT 433.47 542.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 455.06 542.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.54 542.10 Td (retirements ) Tj ET Q q 0 0 0 rg BT 512.67 542.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.02 542.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.20 530.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 99.89 530.10 Td (at ) Tj ET Q q 0 0 0 rg BT 109.98 530.10 Td (which ) Tj ET Q q 0 0 0 rg BT 137.29 530.10 Td (time ) Tj ET Q q 0 0 0 rg BT 157.94 530.10 Td (related ) Tj ET Q q 0 0 0 rg BT 188.02 530.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 210.89 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.20 530.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 281.60 530.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 333.90 530.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.98 530.10 Td (removed ) Tj ET Q q 0 0 0 rg BT 386.84 530.10 Td (from ) Tj ET Q q 0 0 0 rg BT 409.15 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.24 530.10 Td (Company) Tj ET Q q 0 0 0 rg BT 465.90 530.10 Td (s ) Tj ET Q q 0 0 0 rg BT 472.67 530.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 513.03 530.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 538.68 530.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.52 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.39 518.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 146.26 518.10 Td (are ) Tj ET Q q 0 0 0 rg BT 160.57 518.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 197.64 518.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.95 518.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 222.93 518.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 249.02 518.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.67 518.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 307.08 518.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 333.62 518.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 354.60 518.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 386.13 518.10 Td (by ) Tj ET Q q 0 0 0 rg BT 398.23 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.54 518.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.52 518.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.28 518.10 Td (property ) Tj ET Q q 0 0 0 rg BT 503.25 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.79 518.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 506.10 Td (as ) Tj ET Q q 0 0 0 rg BT 75.54 506.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.60 426.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 468.60 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.60 426.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 440.60 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.60 426.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 412.60 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.60 426.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 383.60 86.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 468.6 m 476.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 468.6 m 562.5 468.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.35 486.28 Td (Life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 472.33 Td (Asset Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 472.33 Td (\(yrs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 459.17 Td (Buildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 459.17 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.17 Td (Building Improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 445.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.17 Td (Computer equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 431.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.17 Td (Furniture, fixtures and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 417.17 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.17 Td (Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 403.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.27 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.60 388.27 Td (Unlimited life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.27 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 373.27 Td (Life of the lease) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 347.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.77 347.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 143.13 347.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 325.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.47 325.10 Td (following ) Tj ET Q q 0 0 0 rg BT 146.27 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.86 325.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.22 325.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 203.35 325.10 Td (brief ) Tj ET Q q 0 0 0 rg BT 225.15 325.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 269.74 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.99 325.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 316.11 325.10 Td (released ) Tj ET Q q 0 0 0 rg BT 351.78 325.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 398.57 325.10 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 467.58 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 485.50 325.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.63 325.10 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 539.09 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 325.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 313.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.06 313.10 Td (business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 289.10 Td (On ) Tj ET Q q 0 0 0 rg BT 101.26 289.10 Td (October ) Tj ET Q q 0 0 0 rg BT 136.51 289.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 152.05 289.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.09 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.35 289.10 Td (F) Tj ET Q q 0 0 0 rg BT 195.17 289.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 217.66 289.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 245.03 289.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 268.08 289.10 Td (2016-16, ) Tj ET Q q 0 0 0 rg BT 306.73 289.10 Td (T) Tj ET Q q 0 0 0 rg BT 312.14 289.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 332.95 289.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 341.69 289.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 361.95 289.10 Td (740\): ) Tj ET Q q 0 0 0 rg BT 386.10 289.10 Td (Intra-Entity ) Tj ET Q q 0 0 0 rg BT 435.57 289.10 Td (T) Tj ET Q q 0 0 0 rg BT 441.33 289.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 476.02 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.72 289.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 515.87 289.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 541.46 289.10 Td (Than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (Inventory) Tj ET Q q 0 0 0 rg BT 88.23 277.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.96 277.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 125.74 277.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 152.59 277.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.82 277.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 192.61 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.06 277.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 254.83 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.39 277.10 Td (current ) Tj ET Q q 0 0 0 rg BT 295.93 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.60 277.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 348.14 277.10 Td (income ) Tj ET Q q 0 0 0 rg BT 379.80 277.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 402.58 277.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.47 277.10 Td (an ) Tj ET Q q 0 0 0 rg BT 428.14 277.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 474.80 277.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 496.47 277.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 529.24 277.10 Td (until ) Tj ET Q q 0 0 0 rg BT 549.80 277.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.07 265.10 Td (has ) Tj ET Q q 0 0 0 rg BT 86.03 265.10 Td (been ) Tj ET Q q 0 0 0 rg BT 106.54 265.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 124.84 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.25 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 145.32 265.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 175.83 265.10 Td (party) Tj ET Q q 0 0 0 rg BT 195.73 265.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.75 265.10 Td (This ) Tj ET Q q 0 0 0 rg BT 219.15 265.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 265.23 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.86 265.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 324.03 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.33 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.40 265.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 383.91 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.31 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.16 265.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 444.34 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.30 265.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 516.46 265.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.34 253.10 Td (current ) Tj ET Q q 0 0 0 rg BT 92.67 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.12 253.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 146.44 253.10 Td (income ) Tj ET Q q 0 0 0 rg BT 178.88 253.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 202.44 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.23 253.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 239.35 253.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.64 253.10 Td (The ) Tj ET Q q 0 0 0 rg BT 263.20 253.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 316.75 253.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 355.86 253.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.21 253.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 391.22 253.10 Td (2016-16 ) Tj ET Q q 0 0 0 rg BT 427.57 253.10 Td (require ) Tj ET Q q 0 0 0 rg BT 458.89 253.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.34 253.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 497.13 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.92 253.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 549.79 253.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.24 241.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.26 241.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 155.03 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.17 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 178.41 241.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 225.64 241.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 258.98 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.11 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 282.35 241.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 304.59 241.10 Td (other ) Tj ET Q q 0 0 0 rg BT 327.94 241.10 Td (than ) Tj ET Q q 0 0 0 rg BT 347.96 241.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 389.09 241.10 Td (when ) Tj ET Q q 0 0 0 rg BT 413.55 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.57 241.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 461.91 241.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 493.11 241.10 Td (The ) Tj ET Q q 0 0 0 rg BT 511.46 241.10 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 89.76 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.52 229.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 145.94 229.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.15 229.10 Td (an ) Tj ET Q q 0 0 0 rg BT 172.14 229.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 219.12 229.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 252.20 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.08 229.10 Td (an ) Tj ET Q q 0 0 0 rg BT 275.07 229.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 297.06 229.10 Td (other ) Tj ET Q q 0 0 0 rg BT 320.15 229.10 Td (than ) Tj ET Q q 0 0 0 rg BT 339.92 229.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 377.59 229.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.46 229.10 Td (T) Tj ET Q q 0 0 0 rg BT 387.87 229.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 402.64 229.10 Td (common ) Tj ET Q q 0 0 0 rg BT 440.18 229.10 Td (examples ) Tj ET Q q 0 0 0 rg BT 480.49 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.37 229.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.25 229.10 Td (included ) Tj ET Q q 0 0 0 rg BT 554.23 229.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 217.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 90.49 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.57 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.53 217.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 169.83 217.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.78 217.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 231.96 217.10 Td (property) Tj ET Q q 0 0 0 rg BT 265.19 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.44 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.63 217.10 Td (property) Tj ET Q q 0 0 0 rg BT 320.85 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.10 217.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 348.85 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.04 217.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 413.30 217.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.60 217.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 484.89 217.10 Td (do ) Tj ET Q q 0 0 0 rg BT 497.64 217.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.17 217.10 Td (include ) Tj ET Q q 0 0 0 rg BT 545.35 217.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 94.08 205.10 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 152.60 205.10 Td (however) Tj ET Q q 0 0 0 rg BT 186.63 205.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.67 205.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 227.87 205.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 271.95 205.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 327.69 205.10 Td (might ) Tj ET Q q 0 0 0 rg BT 354.56 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 367.54 205.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 412.16 205.10 Td (when ) Tj ET Q q 0 0 0 rg BT 437.36 205.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 484.77 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.96 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.72 205.10 Td (current ) Tj ET Q q 0 0 0 rg BT 547.57 205.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.20 193.10 Td (income ) Tj ET Q q 0 0 0 rg BT 116.53 193.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 138.98 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.53 193.10 Td (an ) Tj ET Q q 0 0 0 rg BT 163.87 193.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 210.20 193.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 242.63 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.86 193.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.19 193.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.53 193.10 Td (other ) Tj ET Q q 0 0 0 rg BT 307.97 193.10 Td (than ) Tj ET Q q 0 0 0 rg BT 327.08 193.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 364.76 193.10 Td (. ) Tj ET Q q 0 0 0 rg BT 369.02 193.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.46 193.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 438.90 193.10 Td (align ) Tj ET Q q 0 0 0 rg BT 460.80 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.91 193.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 522.35 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.58 193.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.05 181.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 122.85 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.34 181.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 184.60 181.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 221.85 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.01 181.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 259.17 181.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.55 181.10 Td (than ) Tj ET Q q 0 0 0 rg BT 302.59 181.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 343.75 181.10 Td (with ) Tj ET Q q 0 0 0 rg BT 364.35 181.10 Td (International ) Tj ET Q q 0 0 0 rg BT 418.27 181.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 458.31 181.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 501.13 181.10 Td (Standards. ) Tj ET Q q 0 0 0 rg BT 545.90 181.10 Td (IAS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 65.33 169.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 97.94 169.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.35 169.10 Td (axes, ) Tj ET Q q 0 0 0 rg BT 126.44 169.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 161.48 169.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 209.84 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.00 169.10 Td (current ) Tj ET Q q 0 0 0 rg BT 252.14 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.41 169.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 305.54 169.10 Td (income ) Tj ET Q q 0 0 0 rg BT 337.80 169.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 361.18 169.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 399.00 169.10 Td (from ) Tj ET Q q 0 0 0 rg BT 421.27 169.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.53 169.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 480.79 169.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 514.15 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.31 169.10 Td (any ) Tj ET Q q 0 0 0 rg BT 542.57 169.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 94.16 157.10 Td (inventory\) ) Tj ET Q q 0 0 0 rg BT 138.88 157.10 Td (when ) Tj ET Q q 0 0 0 rg BT 163.60 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.88 157.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 212.48 157.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 243.91 157.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.52 157.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 316.12 157.10 Td (are ) Tj ET Q q 0 0 0 rg BT 331.39 157.10 Td (ef) Tj ET Q q 0 0 0 rg BT 338.98 157.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 369.24 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.96 157.10 Td (public ) Tj ET Q q 0 0 0 rg BT 412.02 157.10 Td (business ) Tj ET Q q 0 0 0 rg BT 448.97 157.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 480.91 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.63 157.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.35 157.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 82.90 145.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 126.35 145.10 Td (after ) Tj ET Q q 0 0 0 rg BT 148.12 145.10 Td (December ) Tj ET Q q 0 0 0 rg BT 192.66 145.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 208.62 145.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 234.58 145.10 Td (including ) Tj ET Q q 0 0 0 rg BT 275.81 145.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 308.14 145.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 348.26 145.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 381.15 145.10 Td (within ) Tj ET Q q 0 0 0 rg BT 410.17 145.10 Td (those ) Tj ET Q q 0 0 0 rg BT 434.73 145.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.84 145.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 504.96 145.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 540.35 145.10 Td (Early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 87.85 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 97.38 133.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 138.55 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.07 133.10 Td (all ) Tj ET Q q 0 0 0 rg BT 165.92 133.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 197.66 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.30 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.37 133.10 Td (first ) Tj ET Q q 0 0 0 rg BT 242.33 133.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 274.07 133.10 Td (period ) Tj ET Q q 0 0 0 rg BT 302.48 133.10 Td (if ) Tj ET Q q 0 0 0 rg BT 311.44 133.10 Td (an ) Tj ET Q q 0 0 0 rg BT 323.74 133.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 349.37 133.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 376.11 133.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 407.85 133.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.69 133.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 493.05 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 511.45 133.10 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (should ) Tj ET Q q 0 0 0 rg BT 78.96 121.10 Td (be ) Tj ET Q q 0 0 0 rg BT 90.69 121.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 122.42 121.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.71 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.44 121.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 179.83 121.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 233.77 121.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 256.06 121.10 Td (through ) Tj ET Q q 0 0 0 rg BT 289.46 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.19 121.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 351.53 121.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 368.81 121.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 414.98 121.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 447.82 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.89 121.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 492.38 121.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 528.55 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 539.17 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 121.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.39 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.12 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 109.10 Td (period ) Tj ET Q q 0 0 0 rg BT 145.68 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.41 109.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 196.13 109.10 Td (The ) Tj ET Q q 0 0 0 rg BT 214.08 109.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.37 109.10 Td (has ) Tj ET Q q 0 0 0 rg BT 271.09 109.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 285.71 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.89 109.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 322.73 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.35 109.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 366.96 109.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.35 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 109.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 436.36 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.09 109.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.41 109.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 485.81 109.10 Td (will ) Tj ET Q q 0 0 0 rg BT 503.77 109.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.04 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 537.44 109.10 Td (Ebix's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 97.10 Td (income ) Tj ET Q q 0 0 0 rg BT 134.98 97.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 175.80 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.73 97.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 225.77 97.10 Td (sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 73.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.63 73.10 Td (August ) Tj ET Q q 0 0 0 rg BT 128.47 73.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 151.43 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 73.10 Td (F) Tj ET Q q 0 0 0 rg BT 171.41 73.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 193.82 73.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.12 73.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 244.07 73.10 Td (2016-15, ) Tj ET Q q 0 0 0 rg BT 282.86 73.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 325.80 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.08 73.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 360.03 73.10 Td (Flows ) Tj ET Q q 0 0 0 rg BT 387.44 73.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 396.18 73.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 416.35 73.10 Td (230\): ) Tj ET Q q 0 0 0 rg BT 440.41 73.10 Td (Classification ) Tj ET Q q 0 0 0 rg BT 498.35 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.63 73.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 542.01 73.10 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.70 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 87.34 58.70 Td (and ) Tj ET Q q 0 0 0 rg BT 104.69 58.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.60 58.70 Td (Payments. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 171.89 58.70 Td (T) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.22 58.70 Td (he ) Tj ET Q q 0 0 0 rg BT 191.57 58.70 Td (F) Tj ET Q q 0 0 0 rg BT 196.39 58.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 218.75 58.70 Td (has ) Tj ET Q q 0 0 0 rg BT 234.98 58.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 262.89 58.70 Td (this ) Tj ET Q q 0 0 0 rg BT 280.25 58.70 Td (amendment ) Tj ET Q q 0 0 0 rg BT 329.81 58.70 Td (to ) Tj ET Q q 0 0 0 rg BT 340.49 58.70 Td (address ) Tj ET Q q 0 0 0 rg BT 373.39 58.70 Td (diversity ) Tj ET Q q 0 0 0 rg BT 411.29 58.70 Td (in ) Tj ET Q q 0 0 0 rg BT 421.98 58.70 Td (how ) Tj ET Q q 0 0 0 rg BT 442.11 58.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.22 58.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.89 58.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 526.90 58.70 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 58.70 Td (cash ) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 91.00 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 105.89 742.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 146.88 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.00 742.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 204.44 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.89 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.79 742.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 270.78 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.79 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 302.24 742.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 329.44 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 347.67 742.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 400.88 742.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 434.11 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 472.88 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.56 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.45 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 542.02 742.10 Td (eight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.59 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.86 730.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 124.69 730.10 Td (issues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 713.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 107.94 713.10 Td (Prepayment ) Tj ET Q q 0 0 0 rg BT 158.20 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.03 713.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 190.97 713.10 Td (Extinguishment ) Tj ET Q q 0 0 0 rg BT 256.80 713.10 Td (Costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 696.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 696.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 130.20 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.97 696.10 Td (Zero-Coupon ) Tj ET Q q 0 0 0 rg BT 195.28 696.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 216.16 696.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 264.81 696.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.57 696.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 298.78 696.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 319.65 696.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 368.30 696.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.52 696.10 Td (Coupon ) Tj ET Q q 0 0 0 rg BT 420.62 696.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 452.04 696.10 Td (Rates ) Tj ET Q q 0 0 0 rg BT 475.59 696.10 Td (That ) Tj ET Q q 0 0 0 rg BT 495.04 696.10 Td (Are ) Tj ET Q q 0 0 0 rg BT 511.46 696.10 Td (Insignificant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.28 684.10 Td (Relation ) Tj ET Q q 0 0 0 rg BT 132.66 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.94 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.66 684.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 166.91 684.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 196.62 684.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 229.10 684.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 249.93 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.76 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.47 684.10 Td (Borrowing; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 667.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 667.10 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 132.94 667.10 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 191.55 667.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 232.93 667.10 Td (Made ) Tj ET Q q 0 0 0 rg BT 258.20 667.10 Td (after ) Tj ET Q q 0 0 0 rg BT 279.02 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.96 667.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 324.02 667.10 Td (Combination;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 650.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 124.60 650.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.54 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 650.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 206.52 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.35 650.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 258.72 650.10 Td (Claims;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 633.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 633.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 124.60 633.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.54 633.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 633.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 206.52 633.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.35 633.10 Td (Corporate-Owned ) Tj ET Q q 0 0 0 rg BT 292.05 633.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 311.21 633.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 352.57 633.10 Td (Policies, ) Tj ET Q q 0 0 0 rg BT 389.24 633.10 Td (including ) Tj ET Q q 0 0 0 rg BT 429.51 633.10 Td (Bank-Owned;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (Life ) Tj ET Q q 0 0 0 rg BT 105.16 616.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 146.52 616.10 Td (Policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 599.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 599.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 140.73 599.10 Td (Received ) Tj ET Q q 0 0 0 rg BT 180.43 599.10 Td (from ) Tj ET Q q 0 0 0 rg BT 202.37 599.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 231.53 599.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 265.14 599.10 Td (Investees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 582.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 582.10 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 129.59 582.10 Td (Interests ) Tj ET Q q 0 0 0 rg BT 165.97 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.24 582.10 Td (Securitization ) Tj ET Q q 0 0 0 rg BT 234.10 582.10 Td (T) Tj ET Q q 0 0 0 rg BT 239.86 582.10 Td (ransactions; ) Tj ET Q q 0 0 0 rg BT 290.12 582.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 565.10 Td (Separately ) Tj ET Q q 0 0 0 rg BT 130.70 565.10 Td (Identifiable ) Tj ET Q q 0 0 0 rg BT 179.29 565.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 201.79 565.10 Td (Flows ) Tj ET Q q 0 0 0 rg BT 228.74 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.13 565.10 Td (Application ) Tj ET Q q 0 0 0 rg BT 294.84 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.67 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.39 565.10 Td (Predominance ) Tj ET Q q 0 0 0 rg BT 380.09 565.10 Td (Principle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 536.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.39 536.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 155.78 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.83 536.10 Td (ef) Tj ET Q q 0 0 0 rg BT 177.42 536.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 206.46 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.97 536.10 Td (public ) Tj ET Q q 0 0 0 rg BT 246.81 536.10 Td (business ) Tj ET Q q 0 0 0 rg BT 282.55 536.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 313.27 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.78 536.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 350.28 536.10 Td (years ) Tj ET Q q 0 0 0 rg BT 373.22 536.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 415.06 536.10 Td (after ) Tj ET Q q 0 0 0 rg BT 435.22 536.10 Td (December ) Tj ET Q q 0 0 0 rg BT 478.15 536.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 492.49 536.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 516.84 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.12 536.10 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 83.09 524.10 Td (within ) Tj ET Q q 0 0 0 rg BT 112.30 524.10 Td (those ) Tj ET Q q 0 0 0 rg BT 137.07 524.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 162.38 524.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 189.37 524.10 Td (The ) Tj ET Q q 0 0 0 rg BT 208.57 524.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 262.77 524.10 Td (should ) Tj ET Q q 0 0 0 rg BT 293.09 524.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.18 524.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 339.27 524.10 Td (using ) Tj ET Q q 0 0 0 rg BT 364.60 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.69 524.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 427.99 524.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 469.41 524.10 Td (method ) Tj ET Q q 0 0 0 rg BT 503.06 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.50 524.10 Td (each ) Tj ET Q q 0 0 0 rg BT 536.47 524.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 93.27 512.10 Td (If ) Tj ET Q q 0 0 0 rg BT 102.38 512.10 Td (it ) Tj ET Q q 0 0 0 rg BT 110.39 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.51 512.10 Td (impracticable ) Tj ET Q q 0 0 0 rg BT 176.38 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.61 512.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 211.28 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.95 512.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 278.94 512.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 340.82 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.93 512.10 Td (some ) Tj ET Q q 0 0 0 rg BT 378.49 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.27 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 512.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 432.79 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.46 512.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 500.45 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.56 512.10 Td (those ) Tj ET Q q 0 0 0 rg BT 538.12 512.10 Td (issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.45 500.10 Td (be ) Tj ET Q q 0 0 0 rg BT 89.34 500.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 121.23 500.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 177.55 500.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.12 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.79 500.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 245.11 500.10 Td (date ) Tj ET Q q 0 0 0 rg BT 264.22 500.10 Td (practicable. ) Tj ET Q q 0 0 0 rg BT 312.85 500.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.85 500.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.19 500.10 Td (has ) Tj ET Q q 0 0 0 rg BT 387.98 500.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 402.65 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.88 500.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 439.77 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.44 500.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 484.11 500.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.55 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.22 500.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 553.67 500.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 488.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 88.90 488.10 Td (will ) Tj ET Q q 0 0 0 rg BT 106.96 488.10 Td (have ) Tj ET Q q 0 0 0 rg BT 128.33 488.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.83 488.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 167.92 488.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.96 488.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 261.78 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.61 488.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.88 488.10 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 464.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.22 464.10 Td (March ) Tj ET Q q 0 0 0 rg BT 126.21 464.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.10 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.20 464.10 Td (F) Tj ET Q q 0 0 0 rg BT 169.02 464.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 191.37 464.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 218.62 464.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 241.51 464.10 Td (2016-09, ) Tj ET Q q 0 0 0 rg BT 280.23 464.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 345.33 464.10 Td (- ) Tj ET Q q 0 0 0 rg BT 351.55 464.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 377.22 464.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 437.88 464.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 446.62 464.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 466.73 464.10 Td (718\). ) Tj ET Q q 0 0 0 rg BT 494.68 464.10 Td (This ) Tj ET Q q 0 0 0 rg BT 515.35 464.10 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 91.31 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.38 452.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 159.45 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.97 452.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 222.03 452.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 258.32 452.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 310.45 452.10 Td (including ) Tj ET Q q 0 0 0 rg BT 350.08 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.16 452.10 Td (income ) Tj ET Q q 0 0 0 rg BT 395.46 452.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 409.54 452.10 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 468.88 452.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 523.50 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.69 452.10 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.81 440.10 Td (either ) Tj ET Q q 0 0 0 rg BT 86.06 440.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 113.54 440.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.35 440.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 166.55 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.47 440.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 238.71 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.20 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.90 440.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 306.70 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.51 440.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.76 440.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 364.97 440.10 Td (Several ) Tj ET Q q 0 0 0 rg BT 397.44 440.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 428.80 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.61 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.31 440.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 500.66 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.81 440.10 Td (share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 87.05 428.10 Td (award ) Tj ET Q q 0 0 0 rg BT 114.10 428.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 164.48 428.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.31 428.10 Td (simplified, ) Tj ET Q q 0 0 0 rg BT 224.98 428.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 268.15 428.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 281.87 428.10 Td (income ) Tj ET Q q 0 0 0 rg BT 313.93 428.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.76 428.10 Td (consequences; ) Tj ET Q q 0 0 0 rg BT 389.14 428.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 403.42 428.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 458.79 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.74 428.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 500.68 428.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.63 428.10 Td (either ) Tj ET Q q 0 0 0 rg BT 537.02 428.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.92 416.10 Td (liabilities; ) Tj ET Q q 0 0 0 rg BT 103.50 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.52 416.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 134.20 416.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 189.55 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.13 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.94 416.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 257.84 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.76 416.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.11 416.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 316.23 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 334.36 416.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 387.49 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.85 416.10 Td (this ) Tj ET Q q 0 0 0 rg BT 414.32 416.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 436.91 416.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.70 416.10 Td (ef) Tj ET Q q 0 0 0 rg BT 459.29 416.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 489.08 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 503.32 416.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 532.56 416.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.73 404.10 Td (after ) Tj ET Q q 0 0 0 rg BT 113.79 404.10 Td (December ) Tj ET Q q 0 0 0 rg BT 157.61 404.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 172.85 404.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 198.09 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.27 404.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 246.89 404.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.07 404.10 Td (within ) Tj ET Q q 0 0 0 rg BT 307.36 404.10 Td (those ) Tj ET Q q 0 0 0 rg BT 331.21 404.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 360.61 404.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 395.09 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 413.37 404.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 455.00 404.10 Td (will ) Tj ET Q q 0 0 0 rg BT 473.29 404.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 497.65 404.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 520.39 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.91 404.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 75.00 392.10 Td (but ) Tj ET Q q 0 0 0 rg BT 90.28 392.10 Td (has ) Tj ET Q q 0 0 0 rg BT 106.11 392.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.39 392.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 142.77 392.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 179.16 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.87 392.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 223.58 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 235.53 392.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 273.03 392.10 Td (will ) Tj ET Q q 0 0 0 rg BT 291.08 392.10 Td (have ) Tj ET Q q 0 0 0 rg BT 312.46 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.96 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.68 392.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 386.76 392.10 Td (results ) Tj ET Q q 0 0 0 rg BT 415.37 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.20 392.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 470.35 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.18 392.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 518.66 392.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 368.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.38 368.10 Td (March ) Tj ET Q q 0 0 0 rg BT 126.54 368.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.59 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.86 368.10 Td (F) Tj ET Q q 0 0 0 rg BT 169.68 368.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 192.18 368.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 219.56 368.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 269.27 368.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 311.76 368.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 343.69 368.10 Td (\("ASU"\) ) Tj ET Q q 0 0 0 rg BT 381.58 368.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 399.35 368.10 Td (2016-08, ) Tj ET Q q 0 0 0 rg BT 438.23 368.10 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 480.35 368.10 Td (from ) Tj ET Q q 0 0 0 rg BT 502.85 368.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 544.23 368.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 95.28 356.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 104.02 356.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.74 356.10 Td (606\): ) Tj ET Q q 0 0 0 rg BT 147.34 356.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 185.95 356.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 213.45 356.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 240.39 356.10 Td (Considerations ) Tj ET Q q 0 0 0 rg BT 302.88 356.10 Td (\(Reporting ) Tj ET Q q 0 0 0 rg BT 348.71 356.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 386.19 356.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 412.03 356.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 440.08 356.10 Td (Net\)". ) Tj ET Q q 0 0 0 rg BT 466.75 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.79 356.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 537.84 356.10 Td (relate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 344.10 Td (when ) Tj ET Q q 0 0 0 rg BT 83.54 344.10 Td (another ) Tj ET Q q 0 0 0 rg BT 115.57 344.10 Td (party) Tj ET Q q 0 0 0 rg BT 135.47 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.02 344.10 Td (along ) Tj ET Q q 0 0 0 rg BT 164.29 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 184.12 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.38 344.10 Td (Company) Tj ET Q q 0 0 0 rg BT 236.62 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 241.17 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.89 344.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 286.93 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.76 344.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 337.70 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.19 344.10 Td (good ) Tj ET Q q 0 0 0 rg BT 366.24 344.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.62 344.10 Td (service ) Tj ET Q q 0 0 0 rg BT 406.98 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.81 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.30 344.10 Td (customer) Tj ET Q q 0 0 0 rg BT 459.40 344.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.80 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 469.21 344.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 488.48 344.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 505.53 344.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 542.56 344.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 91.05 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.55 332.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 157.05 332.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 191.97 332.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.13 332.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 229.63 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 332.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 282.83 332.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 317.76 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.70 332.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 360.40 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.45 332.10 Td (its ) Tj ET Q q 0 0 0 rg BT 383.62 332.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 418.56 332.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.95 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.45 332.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 471.72 332.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.44 332.10 Td (good ) Tj ET Q q 0 0 0 rg BT 512.16 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.21 332.10 Td (service ) Tj ET Q q 0 0 0 rg BT 554.24 332.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 320.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 103.74 320.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 124.21 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.86 320.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 164.07 320.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.17 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.04 320.10 Td (principal\) ) Tj ET Q q 0 0 0 rg BT 221.34 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.10 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.31 320.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 274.72 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.81 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.46 320.10 Td (good ) Tj ET Q q 0 0 0 rg BT 325.89 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.66 320.10 Td (service ) Tj ET Q q 0 0 0 rg BT 367.40 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.61 320.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.48 320.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 427.46 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.67 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.32 320.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 491.41 320.10 Td (by ) Tj ET Q q 0 0 0 rg BT 503.84 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.49 320.10 Td (other ) Tj ET Q q 0 0 0 rg BT 541.46 320.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 70.21 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.59 308.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 109.53 308.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.37 308.10 Td (an ) Tj ET Q q 0 0 0 rg BT 129.97 308.10 Td (agent\). ) Tj ET Q q 0 0 0 rg BT 159.47 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.18 308.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 229.89 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.26 308.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 280.86 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.80 308.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 326.29 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.68 308.10 Td (operability ) Tj ET Q q 0 0 0 rg BT 386.16 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.77 308.10 Td (understandability ) Tj ET Q q 0 0 0 rg BT 474.36 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.86 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.24 308.10 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.59 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.09 296.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 139.14 296.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 167.19 296.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 191.34 296.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 251.61 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.11 296.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 305.48 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.20 296.10 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 272.10 Td (> ) Tj ET Q q 0 0 0 rg BT 93.59 272.10 Td (An ) Tj ET Q q 0 0 0 rg BT 108.31 272.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 133.58 272.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 179.96 272.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 214.66 272.10 Td (it ) Tj ET Q q 0 0 0 rg BT 222.72 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.89 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.83 272.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 276.87 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.70 272.10 Td (an ) Tj ET Q q 0 0 0 rg BT 299.64 272.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 323.79 272.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.95 272.10 Td (each ) Tj ET Q q 0 0 0 rg BT 358.77 272.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 397.36 272.10 Td (good ) Tj ET Q q 0 0 0 rg BT 419.86 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.69 272.10 Td (service ) Tj ET Q q 0 0 0 rg BT 461.51 272.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 501.22 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.50 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.44 272.10 Td (customer) Tj ET Q q 0 0 0 rg BT 554.54 272.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.88 260.10 Td (> ) Tj ET Q q 0 0 0 rg BT 96.77 260.10 Td (An ) Tj ET Q q 0 0 0 rg BT 111.88 260.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 137.54 260.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 184.29 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.40 260.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 227.27 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.48 260.10 Td (each ) Tj ET Q q 0 0 0 rg BT 259.68 260.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 298.66 260.10 Td (good ) Tj ET Q q 0 0 0 rg BT 321.54 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.76 260.10 Td (service ) Tj ET Q q 0 0 0 rg BT 363.96 260.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 387.11 260.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 422.20 260.10 Td (it ) Tj ET Q q 0 0 0 rg BT 430.65 260.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.20 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.52 260.10 Td (good, ) Tj ET Q q 0 0 0 rg BT 472.91 260.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 506.61 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.82 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.15 260.10 Td (right ) Tj ET Q q 0 0 0 rg BT 546.92 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.58 260.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 248.10 Td (good ) Tj ET Q q 0 0 0 rg BT 108.50 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.33 248.10 Td (service\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 236.10 Td (> ) Tj ET Q q 0 0 0 rg BT 93.37 236.10 Td (When ) Tj ET Q q 0 0 0 rg BT 119.10 236.10 Td (another ) Tj ET Q q 0 0 0 rg BT 150.95 236.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 175.58 236.10 Td (is ) Tj ET Q q 0 0 0 rg BT 184.11 236.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 220.97 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.61 236.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 271.35 236.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 297.11 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.30 236.10 Td (services ) Tj ET Q q 0 0 0 rg BT 341.36 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.00 236.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.30 236.10 Td (customer) Tj ET Q q 0 0 0 rg BT 393.56 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.92 236.10 Td (an ) Tj ET Q q 0 0 0 rg BT 409.22 236.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 433.85 236.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.70 236.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.23 236.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.53 236.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 502.94 236.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 533.68 236.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 224.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 99.55 224.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 113.10 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.98 224.10 Td (good ) Tj ET Q q 0 0 0 rg BT 142.43 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.21 224.10 Td (another ) Tj ET Q q 0 0 0 rg BT 185.64 224.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 207.52 224.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.41 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.07 224.10 Td (other ) Tj ET Q q 0 0 0 rg BT 267.06 224.10 Td (party ) Tj ET Q q 0 0 0 rg BT 290.06 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.50 224.10 Td (it ) Tj ET Q q 0 0 0 rg BT 315.50 224.10 Td (then ) Tj ET Q q 0 0 0 rg BT 335.17 224.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 372.04 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.93 224.10 Td (customer; ) Tj ET Q q 0 0 0 rg BT 438.81 224.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 452.91 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.80 224.10 Td (right ) Tj ET Q q 0 0 0 rg BT 481.13 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.36 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.24 224.10 Td (service ) Tj ET Q q 0 0 0 rg BT 529.00 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.44 224.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 212.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.47 212.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 141.14 212.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.17 212.10 Td (another ) Tj ET Q q 0 0 0 rg BT 185.19 212.10 Td (party) Tj ET Q q 0 0 0 rg BT 205.09 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.62 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.09 212.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 259.23 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.47 212.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 298.28 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.52 212.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 340.11 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.91 212.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 374.71 212.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.73 212.10 Td (party ) Tj ET Q q 0 0 0 rg BT 414.31 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.12 212.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 456.70 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.94 212.10 Td (service ) Tj ET Q q 0 0 0 rg BT 501.29 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.10 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.34 212.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 200.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.89 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 200.10 Td (entity) Tj ET Q q 0 0 0 rg BT 137.54 200.10 Td (s ) Tj ET Q q 0 0 0 rg BT 143.32 200.10 Td (behalf; ) Tj ET Q q 0 0 0 rg BT 172.97 200.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.19 200.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 196.17 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.49 200.10 Td (good ) Tj ET Q q 0 0 0 rg BT 224.38 200.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.60 200.10 Td (service ) Tj ET Q q 0 0 0 rg BT 264.80 200.10 Td (from ) Tj ET Q q 0 0 0 rg BT 286.12 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.23 200.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.66 200.10 Td (party ) Tj ET Q q 0 0 0 rg BT 345.09 200.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.97 200.10 Td (it ) Tj ET Q q 0 0 0 rg BT 369.42 200.10 Td (combines ) Tj ET Q q 0 0 0 rg BT 409.63 200.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.29 200.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.73 200.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 477.50 200.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.72 200.10 Td (services ) Tj ET Q q 0 0 0 rg BT 521.81 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.48 200.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 188.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 139.31 188.10 Td (good ) Tj ET Q q 0 0 0 rg BT 161.81 188.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.64 188.10 Td (service ) Tj ET Q q 0 0 0 rg BT 203.46 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.73 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.45 188.10 Td (customer) Tj ET Q q 0 0 0 rg BT 264.55 188.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 176.10 Td (> ) Tj ET Q q 0 0 0 rg BT 94.93 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.02 176.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 149.23 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.10 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.86 176.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 219.84 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.16 176.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 274.68 176.10 Td (606-10-55-39 ) Tj ET Q q 0 0 0 rg BT 333.22 176.10 Td (is ) Tj ET Q q 0 0 0 rg BT 343.43 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.76 176.10 Td (support ) Tj ET Q q 0 0 0 rg BT 388.30 176.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.18 176.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 425.39 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.72 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.48 176.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 500.46 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.34 176.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 546.45 176.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 164.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.18 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.59 164.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 189.20 164.10 Td (606-10-55-39A) Tj ET Q q 0 0 0 rg BT 250.86 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.50 164.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 280.23 164.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.86 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.71 164.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 351.78 164.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.63 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 381.71 164.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.89 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.86 164.10 Td (less ) Tj ET Q q 0 0 0 rg BT 430.49 164.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 464.33 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.74 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.60 164.10 Td (control ) Tj ET Q q 0 0 0 rg BT 517.56 164.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.37 152.10 Td (that ) Tj ET Q q 0 0 0 rg BT 121.30 152.10 Td (one ) Tj ET Q q 0 0 0 rg BT 138.67 152.10 Td (or ) Tj ET Q q 0 0 0 rg BT 149.93 152.10 Td (more ) Tj ET Q q 0 0 0 rg BT 173.41 152.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 215.78 152.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.92 152.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.29 152.10 Td (more ) Tj ET Q q 0 0 0 rg BT 271.77 152.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.04 152.10 Td (less ) Tj ET Q q 0 0 0 rg BT 300.97 152.10 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 346.11 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.82 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.97 152.10 Td (control ) Tj ET Q q 0 0 0 rg BT 403.22 152.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 453.09 152.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 497.68 152.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.61 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.76 152.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 547.57 152.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 140.10 Td (circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 116.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.63 116.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.34 116.10 Td (date ) Tj ET Q q 0 0 0 rg BT 124.49 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.43 116.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 181.70 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.53 116.10 Td (these ) Tj ET Q q 0 0 0 rg BT 215.58 116.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 268.62 116.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.79 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.51 116.10 Td (same ) Tj ET Q q 0 0 0 rg BT 315.56 116.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.39 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.10 116.10 Td (ef) Tj ET Q q 0 0 0 rg BT 348.69 116.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 378.39 116.10 Td (date ) Tj ET Q q 0 0 0 rg BT 397.55 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.49 116.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 454.76 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.04 116.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 487.54 116.10 Td (2014-09, ) Tj ET Q q 0 0 0 rg BT 525.87 116.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 104.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 112.76 104.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.04 104.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 178.32 104.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 187.06 104.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 206.78 104.10 Td (606\). ) Tj ET Q q 0 0 0 rg BT 230.11 104.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 258.16 104.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 289.55 104.10 Td (should ) Tj ET Q q 0 0 0 rg BT 318.72 104.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 343.43 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.15 104.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 411.19 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.92 104.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 443.42 104.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 479.25 104.10 Td (for ) Tj ET Q q 0 0 0 rg BT 493.41 104.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 522.57 104.10 Td (reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.74 92.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 124.03 92.10 Td (after ) Tj ET Q q 0 0 0 rg BT 144.64 92.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.02 92.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 202.82 92.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 227.62 92.10 Td (including ) Tj ET Q q 0 0 0 rg BT 267.69 92.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 298.87 92.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 337.82 92.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 369.56 92.10 Td (therein ) Tj ET Q q 0 0 0 rg BT 399.62 92.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 419.96 92.10 Td (January ) Tj ET Q q 0 0 0 rg BT 453.36 92.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 463.15 92.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 487.95 92.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.91 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.65 92.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 544.80 92.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (entity\). ) Tj ET Q q 0 0 0 rg BT 81.12 80.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.39 80.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.99 80.10 Td (will ) Tj ET Q q 0 0 0 rg BT 159.27 80.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 184.20 80.10 Td (this ) Tj ET Q q 0 0 0 rg BT 201.37 80.10 Td (new ) Tj ET Q q 0 0 0 rg BT 220.74 80.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 259.55 80.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 306.14 80.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 344.95 80.10 Td (at ) Tj ET Q q 0 0 0 rg BT 354.88 80.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.60 80.10 Td (time ) Tj ET Q q 0 0 0 rg BT 393.09 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.24 80.10 Td (does ) Tj ET Q q 0 0 0 rg BT 431.29 80.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.79 80.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 475.60 80.10 Td (its ) Tj ET Q q 0 0 0 rg BT 487.76 80.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 525.48 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.97 80.10 Td (have ) Tj ET Q q 0 0 0 rg BT 557.56 80.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.26 68.10 Td (ef) Tj ET Q q 0 0 0 rg BT 92.85 68.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 110.33 68.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.83 68.10 Td (its ) Tj ET Q q 0 0 0 rg BT 134.78 68.10 Td (result ) Tj ET Q q 0 0 0 rg BT 159.50 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.33 68.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 214.48 68.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.31 68.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.79 68.10 Td (position. ) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.10 742.10 Td (March ) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 145.73 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.71 742.10 Td (F) Tj ET Q q 0 0 0 rg BT 164.53 742.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 185.75 742.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 212.13 742.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 233.90 742.10 Td (2016-07 ) Tj ET Q q 0 0 0 rg BT 269.00 742.10 Td ("Investments ) Tj ET Q q 0 0 0 rg BT 323.17 742.10 Td (- ) Tj ET Q q 0 0 0 rg BT 328.27 742.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 356.70 742.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 389.57 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.78 742.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 426.86 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 432.98 742.10 Td (entures ) Tj ET Q q 0 0 0 rg BT 463.62 742.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 472.36 742.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 491.35 742.10 Td (323\): ) Tj ET Q q 0 0 0 rg BT 514.22 742.10 Td (Simplifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 70.87 730.10 Td (ransition ) Tj ET Q q 0 0 0 rg BT 108.98 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.88 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.21 730.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 164.99 730.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 199.22 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.98 730.10 Td (Accounting". ) Tj ET Q q 0 0 0 rg BT 266.11 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 284.77 730.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 338.43 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 346.02 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 364.12 730.10 Td (all ) Tj ET Q q 0 0 0 rg BT 377.24 730.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 409.24 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.35 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 449.34 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.90 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 508.90 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.01 730.10 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 88.18 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.48 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.33 718.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 144.97 718.10 Td (method ) Tj ET Q q 0 0 0 rg BT 177.60 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.57 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 235.08 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.05 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.12 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 277.98 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 301.02 718.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.42 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.83 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.69 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 383.76 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.73 718.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 439.03 718.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.10 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.07 718.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 511.35 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.32 718.10 Td (influence. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.34 706.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 119.68 706.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 158.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.70 706.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 222.81 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 239.60 706.10 Td (when ) Tj ET Q q 0 0 0 rg BT 263.06 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 274.29 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.97 706.10 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 356.20 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.66 706.10 Td (use ) Tj ET Q q 0 0 0 rg BT 384.79 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.91 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.93 706.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 435.72 706.10 Td (method ) Tj ET Q q 0 0 0 rg BT 467.51 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.64 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.87 706.10 Td (result ) Tj ET Q q 0 0 0 rg BT 507.89 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.01 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.25 706.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.85 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.13 694.10 Td (level ) Tj ET Q q 0 0 0 rg BT 95.63 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.03 694.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 149.75 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.25 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.65 694.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 220.36 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.76 694.10 Td (influence, ) Tj ET Q q 0 0 0 rg BT 272.53 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.03 694.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 318.32 694.10 Td (must ) Tj ET Q q 0 0 0 rg BT 339.83 694.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 365.79 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.07 694.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 428.52 694.10 Td (results ) Tj ET Q q 0 0 0 rg BT 456.69 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.09 694.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 513.31 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.82 694.10 Td (retained) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 87.47 682.10 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 141.58 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.17 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.20 682.10 Td (step-by-step ) Tj ET Q q 0 0 0 rg BT 215.66 682.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 239.25 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.17 682.10 Td (if ) Tj ET Q q 0 0 0 rg BT 260.87 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.67 682.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 305.26 682.10 Td (method ) Tj ET Q q 0 0 0 rg BT 338.84 682.10 Td (had ) Tj ET Q q 0 0 0 rg BT 356.87 682.10 Td (been ) Tj ET Q q 0 0 0 rg BT 379.34 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.70 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 398.29 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 416.87 682.10 Td (during ) Tj ET Q q 0 0 0 rg BT 446.56 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 460.15 682.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 498.17 682.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 531.20 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 95.77 670.10 Td (had ) Tj ET Q q 0 0 0 rg BT 112.10 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 132.87 670.10 Td (held. ) Tj ET Q q 0 0 0 rg BT 154.34 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.77 670.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 224.20 670.10 Td (require ) Tj ET Q q 0 0 0 rg BT 254.41 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.29 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.40 670.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 312.29 670.10 Td (method ) Tj ET Q q 0 0 0 rg BT 344.17 670.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 378.28 670.10 Td (add ) Tj ET Q q 0 0 0 rg BT 394.60 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.71 670.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 426.71 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.93 670.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 476.58 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.69 670.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 532.57 670.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.21 658.10 Td (investee ) Tj ET Q q 0 0 0 rg BT 110.58 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.96 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.79 658.10 Td (current ) Tj ET Q q 0 0 0 rg BT 166.71 658.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 189.31 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.25 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.07 658.10 Td (investor) Tj ET Q q 0 0 0 rg BT 247.66 658.10 Td () Tj ET Q q 0 0 0 rg BT 250.44 658.10 Td (s ) Tj ET Q q 0 0 0 rg BT 256.94 658.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 301.76 658.10 Td (held ) Tj ET Q q 0 0 0 rg BT 321.58 658.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.63 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.67 658.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 395.49 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.32 658.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.92 658.10 Td (method ) Tj ET Q q 0 0 0 rg BT 470.52 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.46 658.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 527.93 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 538.87 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (date ) Tj ET Q q 0 0 0 rg BT 70.77 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.09 646.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 135.09 646.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 174.18 646.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 213.84 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.61 646.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 258.72 646.10 Td (method ) Tj ET Q q 0 0 0 rg BT 292.82 646.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 343.01 646.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 389.03 646.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 413.15 646.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 458.36 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.13 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 646.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 519.57 646.10 Td (method ) Tj ET Q q 0 0 0 rg BT 553.67 646.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 98.69 634.10 Td (no ) Tj ET Q q 0 0 0 rg BT 111.01 634.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 156.08 634.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 202.28 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.92 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 634.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.66 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.65 634.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 320.61 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.48 634.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 391.34 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.87 634.10 Td (ef) Tj ET Q q 0 0 0 rg BT 413.45 634.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 442.97 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.95 634.10 Td (all ) Tj ET Q q 0 0 0 rg BT 469.27 634.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 500.47 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.44 634.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 538.42 634.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.06 622.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 96.56 622.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 127.62 622.10 Td (within ) Tj ET Q q 0 0 0 rg BT 154.80 622.10 Td (those ) Tj ET Q q 0 0 0 rg BT 177.52 622.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 200.80 622.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 226.02 622.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 267.63 622.10 Td (after ) Tj ET Q q 0 0 0 rg BT 287.57 622.10 Td (December ) Tj ET Q q 0 0 0 rg BT 330.27 622.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 344.39 622.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 368.40 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.56 622.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 437.73 622.10 Td (should ) Tj ET Q q 0 0 0 rg BT 466.02 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.07 622.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.13 622.10 Td (prospectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.99 610.10 Td (their ) Tj ET Q q 0 0 0 rg BT 94.30 610.10 Td (ef) Tj ET Q q 0 0 0 rg BT 101.89 610.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 132.08 610.10 Td (date ) Tj ET Q q 0 0 0 rg BT 151.72 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.49 610.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 202.12 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.88 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 610.10 Td (level ) Tj ET Q q 0 0 0 rg BT 250.51 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.83 610.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 306.47 610.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.89 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.21 610.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 379.84 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.16 610.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 431.35 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.33 610.10 Td (result ) Tj ET Q q 0 0 0 rg BT 474.54 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.30 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.51 610.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 538.49 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 78.00 598.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 113.50 598.10 Td (Earlier ) Tj ET Q q 0 0 0 rg BT 143.71 598.10 Td (application ) Tj ET Q q 0 0 0 rg BT 191.14 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.81 598.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 244.42 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.97 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.86 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.42 598.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 348.65 598.10 Td (this ) Tj ET Q q 0 0 0 rg BT 366.10 598.10 Td (new ) Tj ET Q q 0 0 0 rg BT 385.76 598.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 424.86 598.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 463.95 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.74 598.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 500.24 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.68 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 534.02 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 549.80 598.10 Td (yet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.48 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 586.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 141.91 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.74 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.69 586.10 Td (adoption.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.91 562.10 Td (F) Tj ET Q q 0 0 0 rg BT 108.73 562.10 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 136.23 562.10 Td (new ) Tj ET Q q 0 0 0 rg BT 155.26 562.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 185.94 562.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 221.66 562.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 244.02 562.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 279.71 562.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 309.28 562.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 318.02 562.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 337.60 562.10 Td (842\) ) Tj ET Q q 0 0 0 rg BT 358.29 562.10 Td (was ) Tj ET Q q 0 0 0 rg BT 376.20 562.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 403.56 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.93 562.10 Td (February ) Tj ET Q q 0 0 0 rg BT 454.39 562.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 469.25 562.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 491.61 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.41 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.44 562.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 554.23 562.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 86.16 550.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.97 550.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 163.46 550.10 Td (about ) Tj ET Q q 0 0 0 rg BT 188.51 550.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 219.66 550.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 272.55 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.31 550.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 313.15 550.10 Td (af) Tj ET Q q 0 0 0 rg BT 320.73 550.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 342.44 550.10 Td (all ) Tj ET Q q 0 0 0 rg BT 355.27 550.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 400.86 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.14 550.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.51 550.10 Td (or) Tj ET Q q 0 0 0 rg BT 449.66 550.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 498.04 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 515.86 550.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 538.68 550.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.15 538.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.29 538.10 Td (real ) Tj ET Q q 0 0 0 rg BT 100.09 538.10 Td (estate, ) Tj ET Q q 0 0 0 rg BT 128.17 538.10 Td (airplanes, ) Tj ET Q q 0 0 0 rg BT 169.58 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.84 538.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 247.97 538.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 295.29 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.03 538.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 335.85 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.23 538.10 Td (require ) Tj ET Q q 0 0 0 rg BT 385.36 538.10 Td (or) Tj ET Q q 0 0 0 rg BT 393.51 538.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 441.87 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 459.68 538.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 482.48 538.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.63 538.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 543.08 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.67 538.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 93.05 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.90 526.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 145.84 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.91 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.20 526.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 207.81 526.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 231.43 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.72 526.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 273.12 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.63 526.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.93 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.66 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.95 526.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 386.80 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.31 526.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 451.83 526.10 Td (created ) Tj ET Q q 0 0 0 rg BT 483.77 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.84 526.10 Td (those ) Tj ET Q q 0 0 0 rg BT 521.02 526.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 549.80 526.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 514.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 103.20 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.28 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.46 514.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 158.41 514.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 206.25 514.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 245.20 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.38 514.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 285.88 514.10 Td (users ) Tj ET Q q 0 0 0 rg BT 309.83 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.57 514.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.95 514.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 405.57 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.75 514.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 464.03 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.65 514.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 515.55 514.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 547.56 514.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 98.39 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.13 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.30 502.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 156.93 502.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 187.55 502.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.40 502.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 239.94 502.10 Td (These ) Tj ET Q q 0 0 0 rg BT 267.22 502.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 315.07 502.10 Td (include ) Tj ET Q q 0 0 0 rg BT 347.91 502.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 393.52 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.37 502.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 461.98 502.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 517.59 502.10 Td (concerning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.36 490.10 Td (information ) Tj ET Q q 0 0 0 rg BT 141.95 490.10 Td (about ) Tj ET Q q 0 0 0 rg BT 166.54 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.13 490.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 217.40 490.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 254.75 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.90 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.49 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.84 490.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 363.93 490.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 391.30 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.89 490.10 Td (new ) Tj ET Q q 0 0 0 rg BT 424.92 490.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 465.89 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.70 490.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 498.95 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.89 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.70 490.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.26 478.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 99.60 478.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.41 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.33 478.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.03 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.17 478.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 217.53 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.79 478.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 258.26 478.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 281.95 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.76 478.10 Td (more ) Tj ET Q q 0 0 0 rg BT 313.79 478.10 Td (than ) Tj ET Q q 0 0 0 rg BT 332.49 478.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 343.97 478.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 377.40 478.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 421.11 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.37 478.10 Td (current ) Tj ET Q q 0 0 0 rg BT 470.16 478.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 496.28 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 500.26 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.96 478.10 Td (recognition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 107.35 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.33 466.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 173.74 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.61 466.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 221.25 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.23 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.53 466.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 280.29 466.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 309.05 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.03 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.01 466.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 357.53 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.07 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.05 466.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 400.47 466.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.22 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 456.31 466.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 486.73 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.27 466.10 Td (its ) Tj ET Q q 0 0 0 rg BT 509.26 466.10 Td (classification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.51 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.12 454.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 98.72 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.23 454.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 149.17 454.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 173.83 454.10 Td (However) Tj ET Q q 0 0 0 rg BT 210.08 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.76 454.10 Td (unlike ) Tj ET Q q 0 0 0 rg BT 241.93 454.10 Td (current ) Tj ET Q q 0 0 0 rg BT 272.42 454.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 299.28 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.46 454.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.07 454.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 362.45 454.10 Td (only ) Tj ET Q q 0 0 0 rg BT 382.41 454.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 411.24 454.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 437.29 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.25 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.86 454.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.90 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.08 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 454.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 73.00 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.66 442.10 Td (new ) Tj ET Q q 0 0 0 rg BT 106.23 442.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 128.69 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.70 442.10 Td (require ) Tj ET Q q 0 0 0 rg BT 177.46 442.10 Td (both ) Tj ET Q q 0 0 0 rg BT 197.69 442.10 Td (types ) Tj ET Q q 0 0 0 rg BT 221.25 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.03 442.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 258.36 442.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 276.35 442.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.57 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.46 442.10 Td (capital\) ) Tj ET Q q 0 0 0 rg BT 365.89 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.11 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.00 442.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 434.32 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.77 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 442.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 494.42 442.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 519.73 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 537.73 442.10 Td (F) Tj ET Q q 0 0 0 rg BT 542.55 442.10 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 76.26 430.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 122.51 430.10 Td (model ) Tj ET Q q 0 0 0 rg BT 149.89 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.82 430.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.64 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.79 430.10 Td (account ) Tj ET Q q 0 0 0 rg BT 248.27 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.31 430.10 Td (both ) Tj ET Q q 0 0 0 rg BT 282.47 430.10 Td (types ) Tj ET Q q 0 0 0 rg BT 305.96 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.67 430.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 345.25 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 363.18 430.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 392.21 430.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 414.58 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.51 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.33 430.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 487.25 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.29 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.44 430.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 418.10 Td (same ) Tj ET Q q 0 0 0 rg BT 87.57 418.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 119.96 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 130.69 418.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 159.74 418.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 186.02 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.63 418.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 243.56 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.63 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.80 418.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 316.87 418.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 342.98 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.71 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.66 418.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 405.83 418.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.21 418.10 Td (will ) Tj ET Q q 0 0 0 rg BT 446.17 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.01 418.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 500.95 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.01 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.19 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.03 418.10 Td (manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 79.75 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.51 406.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.26 406.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 155.11 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.86 406.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 213.51 406.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 239.62 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.10 406.10 Td (except ) Tj ET Q q 0 0 0 rg BT 272.18 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.15 406.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 318.90 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.44 406.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 377.28 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.70 406.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 405.66 406.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 438.75 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.17 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 461.59 406.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 483.55 406.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 504.97 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.61 406.10 Td (all ) Tj ET Q q 0 0 0 rg BT 530.59 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 406.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 78.57 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.49 394.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 127.18 394.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 163.43 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 181.35 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 193.16 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 200.75 394.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 230.32 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.35 394.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 280.58 394.10 Td (year) Tj ET Q q 0 0 0 rg BT 297.58 394.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 317.72 394.10 Td (public ) Tj ET Q q 0 0 0 rg BT 345.08 394.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 390.21 394.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 432.58 394.10 Td (after ) Tj ET Q q 0 0 0 rg BT 453.26 394.10 Td (December ) Tj ET Q q 0 0 0 rg BT 496.71 394.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 511.58 394.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 536.45 394.10 Td (Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 94.18 382.10 Td (will ) Tj ET Q q 0 0 0 rg BT 111.15 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.00 382.10 Td (required ) Tj ET Q q 0 0 0 rg BT 156.73 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.92 382.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 189.55 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.18 382.10 Td (new ) Tj ET Q q 0 0 0 rg BT 221.25 382.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 250.99 382.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 286.28 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.36 382.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 322.43 382.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 347.44 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.29 382.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 393.59 382.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.44 382.10 Td (within ) Tj ET Q q 0 0 0 rg BT 451.41 382.10 Td (those ) Tj ET Q q 0 0 0 rg BT 473.93 382.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 497.00 382.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 522.01 382.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (after ) Tj ET Q q 0 0 0 rg BT 70.44 370.10 Td (December ) Tj ET Q q 0 0 0 rg BT 113.65 370.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 128.28 370.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 152.91 370.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 176.69 370.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 213.81 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 231.49 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.06 370.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 283.50 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.29 370.10 Td (all ) Tj ET Q q 0 0 0 rg BT 309.41 370.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 354.30 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.87 370.10 Td (or) Tj ET Q q 0 0 0 rg BT 379.02 370.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 426.68 370.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 448.81 370.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 484.81 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.27 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.61 370.10 Td (standard. ) Tj ET Q q 0 0 0 rg BT 548.12 370.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 86.49 358.10 Td (year) Tj ET Q q 0 0 0 rg BT 103.49 358.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 123.88 358.10 Td (public ) Tj ET Q q 0 0 0 rg BT 151.50 358.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 199.39 358.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.46 358.10 Td (means ) Tj ET Q q 0 0 0 rg BT 244.63 358.10 Td (an ) Tj ET Q q 0 0 0 rg BT 256.69 358.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 294.31 358.10 Td (date ) Tj ET Q q 0 0 0 rg BT 313.59 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.55 358.10 Td (January ) Tj ET Q q 0 0 0 rg BT 358.27 358.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 368.39 358.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 391.02 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.08 358.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 462.34 358.10 Td (application ) Tj ET Q q 0 0 0 rg BT 509.39 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.80 358.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 78.38 346.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 108.41 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.23 346.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 158.49 346.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.85 346.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.44 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.48 346.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 280.86 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.68 346.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 324.56 346.10 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 359.03 346.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.19 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.01 346.10 Td (lar) Tj ET Q q 0 0 0 rg BT 398.37 346.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 411.19 346.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 449.57 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.27 346.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 488.53 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.12 346.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 530.27 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.43 346.10 Td (see ) Tj ET Q q 0 0 0 rg BT 557.57 346.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.04 334.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.62 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.22 334.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 170.58 334.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 192.95 334.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 218.10 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.37 334.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 275.91 334.10 Td (See ) Tj ET Q q 0 0 0 rg BT 292.17 334.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 313.44 334.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 320.26 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.75 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.79 334.10 Td (Company) Tj ET Q q 0 0 0 rg BT 389.46 334.10 Td (s ) Tj ET Q q 0 0 0 rg BT 395.17 334.10 Td (current ) Tj ET Q q 0 0 0 rg BT 425.31 334.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 447.12 334.10 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 505.75 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 334.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 322.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.76 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.04 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.76 322.10 Td (process ) Tj ET Q q 0 0 0 rg BT 155.25 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 322.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 210.23 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.95 322.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 254.66 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.15 322.10 Td (this ) Tj ET Q q 0 0 0 rg BT 289.10 322.10 Td (new ) Tj ET Q q 0 0 0 rg BT 308.26 322.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 338.54 322.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 361.04 322.10 Td (will ) Tj ET Q q 0 0 0 rg BT 379.10 322.10 Td (have ) Tj ET Q q 0 0 0 rg BT 400.47 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.97 322.10 Td (its ) Tj ET Q q 0 0 0 rg BT 424.92 322.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.40 322.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 300.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.28 300.10 Td (November ) Tj ET Q q 0 0 0 rg BT 127.93 300.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 152.87 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.54 300.10 Td (F) Tj ET Q q 0 0 0 rg BT 172.35 300.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 194.25 300.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.16 300.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 270.26 300.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 312.14 300.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 343.46 300.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 360.63 300.10 Td (2015-17,Balance ) Tj ET Q q 0 0 0 rg BT 433.61 300.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 458.27 300.10 Td (Classification ) Tj ET Q q 0 0 0 rg BT 515.71 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 300.10 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 288.10 Td (axes,or ) Tj ET Q q 0 0 0 rg BT 89.13 288.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 112.50 288.10 Td (2015-17. ) Tj ET Q q 0 0 0 rg BT 151.45 288.10 Td (This ) Tj ET Q q 0 0 0 rg BT 172.59 288.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 222.60 288.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 258.17 288.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.53 288.10 Td (all ) Tj ET Q q 0 0 0 rg BT 289.89 288.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 326.56 288.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.14 288.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.83 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.63 288.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 429.71 288.10 Td (along ) Tj ET Q q 0 0 0 rg BT 455.29 288.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.44 288.10 Td (any ) Tj ET Q q 0 0 0 rg BT 494.24 288.10 Td (related ) Tj ET Q q 0 0 0 rg BT 524.80 288.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 95.68 276.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.76 276.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 148.17 276.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.15 276.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 205.11 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.76 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.62 276.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 265.80 276.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 291.49 276.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 314.14 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.57 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.43 276.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 375.95 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.34 276.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 409.00 276.10 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 447.47 276.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 483.42 276.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 506.62 276.10 Td (were ) Tj ET Q q 0 0 0 rg BT 528.69 276.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.93 264.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.52 264.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 111.99 264.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.47 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.06 264.10 Td (net ) Tj ET Q q 0 0 0 rg BT 143.43 264.10 Td (current ) Tj ET Q q 0 0 0 rg BT 173.90 264.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 195.49 264.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.97 264.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 239.23 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.82 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.42 264.10 Td (net ) Tj ET Q q 0 0 0 rg BT 276.78 264.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 322.25 264.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 343.84 264.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.33 264.10 Td (liability) Tj ET Q q 0 0 0 rg BT 384.78 264.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.28 264.10 Td (W) Tj ET Q q 0 0 0 rg BT 397.92 264.10 Td (e ) Tj ET Q q 0 0 0 rg BT 404.51 264.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 438.32 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.69 264.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 496.51 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.52 264.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 528.67 264.10 Td (2015-17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.22 252.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 108.31 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.97 252.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 146.62 252.10 Td (period ) Tj ET Q q 0 0 0 rg BT 174.38 252.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 210.49 252.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.58 252.10 Td (been ) Tj ET Q q 0 0 0 rg BT 252.68 252.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 300.42 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.42 252.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 346.51 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.51 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.94 252.10 Td (current ) Tj ET Q q 0 0 0 rg BT 401.47 252.10 Td (period ) Tj ET Q q 0 0 0 rg BT 429.24 252.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 482.34 252.10 Td (As ) Tj ET Q q 0 0 0 rg BT 495.67 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.21 252.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.52 252.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 75.10 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.92 240.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 134.73 240.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 170.65 240.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 203.78 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.71 240.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.64 240.10 Td (net ) Tj ET Q q 0 0 0 rg BT 245.46 240.10 Td (current ) Tj ET Q q 0 0 0 rg BT 276.37 240.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 312.28 240.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 327.10 240.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 353.03 240.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.86 240.10 Td ($2.1) Tj ET Q q 0 0 0 rg BT 380.99 240.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 388.59 240.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.48 240.10 Td (was ) Tj ET Q q 0 0 0 rg BT 438.13 240.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 486.26 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.64 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 240.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 84.08 228.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 108.17 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.15 228.10 Td (netted ) Tj ET Q q 0 0 0 rg BT 154.13 228.10 Td (against ) Tj ET Q q 0 0 0 rg BT 186.00 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.76 228.10 Td (net ) Tj ET Q q 0 0 0 rg BT 217.52 228.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 260.50 228.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 297.35 228.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.12 228.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 356.12 228.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.21 228.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 413.75 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.85 228.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 448.40 228.10 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 485.27 228.10 Td (did ) Tj ET Q q 0 0 0 rg BT 501.59 228.10 Td (not ) Tj ET Q q 0 0 0 rg BT 517.92 228.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.67 228.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 216.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 216.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 177.75 216.10 Td (results ) Tj ET Q q 0 0 0 rg BT 206.36 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.19 216.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 261.34 216.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.17 216.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.44 216.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 194.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.78 194.10 Td (September ) Tj ET Q q 0 0 0 rg BT 133.50 194.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 158.45 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.62 194.10 Td (F) Tj ET Q q 0 0 0 rg BT 180.44 194.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 204.85 194.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 233.71 194.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 285.31 194.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 329.71 194.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 363.53 194.10 Td (2015-16, ) Tj ET Q q 0 0 0 rg BT 404.32 194.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 448.91 194.10 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 509.98 194.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 518.72 194.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 540.89 194.10 Td (805\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 99.92 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.81 182.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 162.60 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.40 182.10 Td (Measurement-Period ) Tj ET Q q 0 0 0 rg BT 261.93 182.10 Td (Adjustments". ) Tj ET Q q 0 0 0 rg BT 321.20 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.19 182.10 Td (This ) Tj ET Q q 0 0 0 rg BT 342.63 182.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 364.78 182.10 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 406.36 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.71 182.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 466.72 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.52 182.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 530.44 182.10 Td (made ) Tj ET Q q 0 0 0 rg BT 554.23 182.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 97.27 170.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 133.44 170.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 179.57 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.63 170.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.35 170.10 Td (business ) Tj ET Q q 0 0 0 rg BT 232.51 170.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 287.28 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.77 170.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 354.59 170.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 394.08 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.57 170.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 459.16 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.21 170.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 530.91 170.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.21 158.10 Td (those ) Tj ET Q q 0 0 0 rg BT 87.88 158.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 140.70 158.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 161.04 158.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 187.90 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.45 158.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 229.10 158.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 263.86 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.41 158.10 Td (during ) Tj ET Q q 0 0 0 rg BT 310.07 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.84 158.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 380.70 158.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 411.30 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.07 158.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 461.38 158.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 523.35 158.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 549.79 158.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 96.40 146.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 131.70 146.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 176.97 146.10 Td (at ) Tj ET Q q 0 0 0 rg BT 185.59 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.22 146.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 244.51 146.10 Td (date ) Tj ET Q q 0 0 0 rg BT 262.57 146.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.75 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.60 146.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 346.22 146.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 391.51 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.69 146.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 440.05 146.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 465.90 146.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 515.08 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 528.70 146.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.82 134.10 Td (new ) Tj ET Q q 0 0 0 rg BT 92.65 134.10 Td (information ) Tj ET Q q 0 0 0 rg BT 142.02 134.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.85 134.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 187.45 134.10 Td (about ) Tj ET Q q 0 0 0 rg BT 211.83 134.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 232.87 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.47 134.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 308.28 134.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.43 134.10 Td (existed ) Tj ET Q q 0 0 0 rg BT 355.92 134.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.42 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.91 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.29 134.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 437.33 134.10 Td (date ) Tj ET Q q 0 0 0 rg BT 456.15 134.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 475.81 134.10 Td (if ) Tj ET Q q 0 0 0 rg BT 484.08 134.10 Td (known, ) Tj ET Q q 0 0 0 rg BT 515.97 134.10 Td (would ) Tj ET Q q 0 0 0 rg BT 543.13 134.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 122.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 85.10 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.42 122.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 156.82 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.24 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.55 122.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 220.53 122.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 254.73 122.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 301.69 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.11 122.10 Td (would ) Tj ET Q q 0 0 0 rg BT 341.21 122.10 Td (have ) Tj ET Q q 0 0 0 rg BT 363.18 122.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 397.92 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.80 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.11 122.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 472.74 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.17 122.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 527.25 122.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.67 122.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 92.33 110.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.70 110.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 146.28 110.10 Td (also ) Tj ET Q q 0 0 0 rg BT 165.21 110.10 Td (must ) Tj ET Q q 0 0 0 rg BT 187.48 110.10 Td (revise ) Tj ET Q q 0 0 0 rg BT 214.18 110.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 266.42 110.10 Td (information ) Tj ET Q q 0 0 0 rg BT 316.46 110.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.94 110.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 353.20 110.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 385.46 110.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 426.60 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.20 110.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.00 110.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 520.04 110.10 Td (as ) Tj ET Q q 0 0 0 rg BT 531.19 110.10 Td (needed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.75 98.10 Td (revising ) Tj ET Q q 0 0 0 rg BT 125.95 98.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 180.84 98.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 236.86 98.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.16 98.10 Td (other ) Tj ET Q q 0 0 0 rg BT 271.69 98.10 Td (income ) Tj ET Q q 0 0 0 rg BT 304.10 98.10 Td (ef) Tj ET Q q 0 0 0 rg BT 311.69 98.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 333.54 98.10 Td (as ) Tj ET Q q 0 0 0 rg BT 344.85 98.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.27 98.10 Td (result ) Tj ET Q q 0 0 0 rg BT 377.46 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.77 98.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 423.95 98.10 Td (made ) Tj ET Q q 0 0 0 rg BT 448.58 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.34 98.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 507.31 98.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 546.46 98.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 103.58 86.10 Td (require ) Tj ET Q q 0 0 0 rg BT 134.92 86.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.95 86.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.43 86.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 201.21 86.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 243.11 86.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 293.92 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.73 86.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 352.76 86.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 389.68 86.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.71 86.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.95 86.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 464.30 86.10 Td (during ) Tj ET Q q 0 0 0 rg BT 493.44 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.69 86.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.78 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.78 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.23 74.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 141.11 74.10 Td (period ) Tj ET Q q 0 0 0 rg BT 168.89 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.90 74.10 Td (which ) Tj ET Q q 0 0 0 rg BT 205.56 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.01 74.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 266.12 74.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 302.24 74.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.67 74.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 366.22 74.10 Td (The ) Tj ET Q q 0 0 0 rg BT 384.00 74.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 436.77 74.10 Td (require ) Tj ET Q q 0 0 0 rg BT 467.31 74.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.54 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.98 74.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 533.96 74.10 Td (record, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.02 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 62.10 Td (same ) Tj ET Q q 0 0 0 rg BT 97.27 62.10 Td (period) Tj ET Q q 0 0 0 rg BT 125.59 62.10 Td (s ) Tj ET Q q 0 0 0 rg BT 131.72 62.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.95 62.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 215.90 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.36 62.10 Td (ef) Tj ET Q q 0 0 0 rg BT 237.94 62.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.17 62.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.41 62.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 303.53 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.10 62.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 348.55 62.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.57 62.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 412.73 62.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 468.01 62.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.58 62.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.37 62.10 Td (income ) Tj ET Q q 0 0 0 rg BT 533.04 62.10 Td (ef) Tj ET Q q 0 0 0 rg BT 540.63 62.10 Td (fects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 50.10 Td (any) Tj ET Q q 0 0 0 rg BT 72.40 50.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.40 50.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.23 50.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.18 50.10 Td (result ) Tj ET Q q 0 0 0 rg BT 119.90 50.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.73 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.45 50.10 Td (change ) Tj ET Q q 0 0 0 rg BT 176.26 50.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.55 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.26 50.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 248.76 50.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 287.65 50.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 330.68 50.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.51 50.10 Td (if ) Tj ET Q q 0 0 0 rg BT 350.12 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.84 50.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 411.22 50.10 Td (had ) Tj ET Q q 0 0 0 rg BT 428.16 50.10 Td (been ) Tj ET Q q 0 0 0 rg BT 449.54 50.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 493.69 50.10 Td (at ) Tj ET Q q 0 0 0 rg BT 503.41 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 50.10 Td (acquisition ) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 70.81 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 88.14 742.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 140.47 742.10 Td (require ) Tj ET Q q 0 0 0 rg BT 170.57 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 181.79 742.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 206.35 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.91 742.10 Td (present ) Tj ET Q q 0 0 0 rg BT 246.58 742.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 288.89 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.68 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.68 742.10 Td (face ) Tj ET Q q 0 0 0 rg BT 333.11 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.22 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.22 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.44 742.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 428.55 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.66 742.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 472.66 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 742.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 519.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 742.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.10 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 107.37 730.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 144.62 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.67 730.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 214.14 730.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 250.29 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.57 730.10 Td (line ) Tj ET Q q 0 0 0 rg BT 279.84 730.10 Td (item ) Tj ET Q q 0 0 0 rg BT 299.89 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.16 730.10 Td (would ) Tj ET Q q 0 0 0 rg BT 344.43 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 365.59 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 386.74 730.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 423.99 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.04 730.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 470.76 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 509.69 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 541.40 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 96.34 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.58 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.25 718.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 168.71 718.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 205.05 718.10 Td (had ) Tj ET Q q 0 0 0 rg BT 221.95 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 243.28 718.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 289.60 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.39 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.18 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.86 718.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 372.20 718.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 393.63 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.64 718.10 Td (only ) Tj ET Q q 0 0 0 rg BT 431.88 718.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 478.77 718.10 Td (required ) Tj ET Q q 0 0 0 rg BT 514.55 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.22 718.10 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (should ) Tj ET Q q 0 0 0 rg BT 79.35 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 91.47 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.37 706.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 134.04 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.06 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.18 706.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 190.96 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.30 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.20 706.10 Td (change ) Tj ET Q q 0 0 0 rg BT 251.20 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.66 706.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 308.22 706.10 Td (principle. ) Tj ET Q q 0 0 0 rg BT 348.35 706.10 Td (An ) Tj ET Q q 0 0 0 rg BT 363.26 706.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 388.71 706.10 Td (should ) Tj ET Q q 0 0 0 rg BT 418.06 706.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 452.96 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.64 706.10 Td (information ) Tj ET Q q 0 0 0 rg BT 520.54 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.90 706.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 79.52 694.10 Td (period ) Tj ET Q q 0 0 0 rg BT 107.92 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.12 694.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 156.97 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.27 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.91 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.99 694.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 231.73 694.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 264.03 694.10 Td (within ) Tj ET Q q 0 0 0 rg BT 292.45 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.53 694.10 Td (first ) Tj ET Q q 0 0 0 rg BT 326.50 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 356.02 694.10 Td (period ) Tj ET Q q 0 0 0 rg BT 384.42 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 393.39 694.10 Td (there ) Tj ET Q q 0 0 0 rg BT 416.24 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.77 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.07 694.10 Td (measurement-period ) Tj ET Q q 0 0 0 rg BT 518.12 694.10 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.61 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.33 682.10 Td (first ) Tj ET Q q 0 0 0 rg BT 111.93 682.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 141.09 682.10 Td (period ) Tj ET Q q 0 0 0 rg BT 169.14 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.41 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.35 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.07 682.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 255.78 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.48 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 278.07 682.10 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 660.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.07 660.10 Td (November ) Tj ET Q q 0 0 0 rg BT 131.53 660.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 155.77 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.23 660.10 Td (F) Tj ET Q q 0 0 0 rg BT 177.05 660.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 200.75 660.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 229.06 660.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 279.96 660.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 323.64 660.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 356.76 660.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 375.73 660.10 Td (2014-17 ) Tj ET Q q 0 0 0 rg BT 413.30 660.10 Td ("Business ) Tj ET Q q 0 0 0 rg BT 457.19 660.10 Td (Combinations: ) Tj ET Q q 0 0 0 rg BT 520.33 660.10 Td (Pushdown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.29 648.10 Td (- ) Tj ET Q q 0 0 0 rg BT 103.26 648.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.34 648.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 151.53 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.50 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.36 648.10 Td (Emer) Tj ET Q q 0 0 0 rg BT 196.83 648.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 216.25 648.10 Td (Issues ) Tj ET Q q 0 0 0 rg BT 242.22 648.10 Td (T) Tj ET Q q 0 0 0 rg BT 247.63 648.10 Td (ask ) Tj ET Q q 0 0 0 rg BT 262.60 648.10 Td (Force". ) Tj ET Q q 0 0 0 rg BT 293.59 648.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.11 648.10 Td (This ) Tj ET Q q 0 0 0 rg BT 314.53 648.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 360.04 648.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 395.55 648.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 425.52 648.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.94 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.79 648.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 483.19 648.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.81 648.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.61 636.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 109.46 636.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 134.65 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.51 636.10 Td (its ) Tj ET Q q 0 0 0 rg BT 163.38 636.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 213.02 636.10 Td (that ) Tj ET Q q 0 0 0 rg BT 230.44 636.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.07 636.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.93 636.10 Td (business ) Tj ET Q q 0 0 0 rg BT 288.24 636.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 310.66 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.30 636.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 371.58 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.33 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.19 636.10 Td (event ) Tj ET Q q 0 0 0 rg BT 418.27 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.47 636.10 Td (which ) Tj ET Q q 0 0 0 rg BT 455.33 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 467.19 636.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 502.36 636.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 533.67 636.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.28 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.45 624.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 113.82 624.10 Td (entity) Tj ET Q q 0 0 0 rg BT 135.95 624.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.18 624.10 Td (The ) Tj ET Q q 0 0 0 rg BT 159.68 624.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 213.17 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.90 624.10 Td (this ) Tj ET Q q 0 0 0 rg BT 241.30 624.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 288.13 624.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 328.84 624.10 Td (update ) Tj ET Q q 0 0 0 rg BT 358.45 624.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 391.95 624.10 Td (an ) Tj ET Q q 0 0 0 rg BT 404.34 624.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 441.71 624.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 467.44 624.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.16 624.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.55 624.10 Td (option ) Tj ET Q q 0 0 0 rg BT 529.06 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.79 624.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 93.45 612.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 139.66 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.77 612.10 Td (its ) Tj ET Q q 0 0 0 rg BT 161.56 612.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 196.65 612.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.96 612.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.51 612.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 300.85 612.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 347.04 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.71 612.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.48 612.10 Td (event ) Tj ET Q q 0 0 0 rg BT 393.47 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.59 612.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.36 612.10 Td (an ) Tj ET Q q 0 0 0 rg BT 442.14 612.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 477.23 612.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 508.45 612.10 Td (control ) Tj ET Q q 0 0 0 rg BT 539.11 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 612.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.26 600.10 Td (entity) Tj ET Q q 0 0 0 rg BT 108.39 600.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.32 600.10 Td (An ) Tj ET Q q 0 0 0 rg BT 126.39 600.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 162.65 600.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 187.26 600.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.32 600.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 227.04 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.09 600.10 Td (option ) Tj ET Q q 0 0 0 rg BT 268.49 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.11 600.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 302.17 600.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 345.12 600.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 390.83 600.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.45 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.51 600.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 453.01 600.10 Td (period ) Tj ET Q q 0 0 0 rg BT 480.39 600.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.01 600.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.29 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.35 600.10 Td (change-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (in-control ) Tj ET Q q 0 0 0 rg BT 91.93 588.10 Td (event ) Tj ET Q q 0 0 0 rg BT 116.08 588.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 146.63 588.10 Td (An ) Tj ET Q q 0 0 0 rg BT 161.34 588.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.26 588.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 223.53 588.10 Td (should ) Tj ET Q q 0 0 0 rg BT 252.70 588.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 295.18 588.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 329.88 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 588.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 361.53 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.80 588.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 396.51 588.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 440.12 588.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 486.49 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.65 588.10 Td (each ) Tj ET Q q 0 0 0 rg BT 521.46 588.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 123.58 576.10 Td (event ) Tj ET Q q 0 0 0 rg BT 147.74 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.02 576.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.96 576.10 Td (an ) Tj ET Q q 0 0 0 rg BT 196.90 576.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 232.15 576.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 263.54 576.10 Td (control ) Tj ET Q q 0 0 0 rg BT 294.37 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.20 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.92 576.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 356.84 576.10 Td (entity) Tj ET Q q 0 0 0 rg BT 378.97 576.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.97 576.10 Td (If ) Tj ET Q q 0 0 0 rg BT 393.13 576.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 436.74 576.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 483.12 576.10 Td (is ) Tj ET Q q 0 0 0 rg BT 492.29 576.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.57 576.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 539.50 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 576.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.15 564.10 Td (period ) Tj ET Q q 0 0 0 rg BT 117.20 564.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.47 564.10 Td (which ) Tj ET Q q 0 0 0 rg BT 154.41 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.12 564.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 242.69 564.10 Td (event ) Tj ET Q q 0 0 0 rg BT 266.85 564.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 297.94 564.10 Td (an ) Tj ET Q q 0 0 0 rg BT 309.88 564.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 346.80 564.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 372.07 564.10 Td (will ) Tj ET Q q 0 0 0 rg BT 390.12 564.10 Td (have ) Tj ET Q q 0 0 0 rg BT 411.49 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.21 564.10 Td (option ) Tj ET Q q 0 0 0 rg BT 454.26 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.54 564.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 485.90 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.18 564.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 520.89 564.10 Td (pushdown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 97.00 552.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.90 552.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.46 552.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 163.03 552.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 202.81 552.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.48 552.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.38 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.72 552.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 295.27 552.10 Td (entity) Tj ET Q q 0 0 0 rg BT 320.83 552.10 Td (s ) Tj ET Q q 0 0 0 rg BT 327.84 552.10 Td (most ) Tj ET Q q 0 0 0 rg BT 350.42 552.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 377.96 552.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 452.17 552.10 Td (event. ) Tj ET Q q 0 0 0 rg BT 478.76 552.10 Td (An ) Tj ET Q q 0 0 0 rg BT 494.11 552.10 Td (election ) Tj ET Q q 0 0 0 rg BT 528.88 552.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.78 552.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 94.15 540.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.06 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.87 540.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.35 540.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 199.04 540.10 Td (period ) Tj ET Q q 0 0 0 rg BT 227.62 540.10 Td (after ) Tj ET Q q 0 0 0 rg BT 248.97 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.23 540.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 303.92 540.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.50 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.31 540.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.79 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 540.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 460.16 540.10 Td (event ) Tj ET Q q 0 0 0 rg BT 484.85 540.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 522.86 540.10 Td (should ) Tj ET Q q 0 0 0 rg BT 552.57 540.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 96.47 528.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.07 528.10 Td (change ) Tj ET Q q 0 0 0 rg BT 135.54 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.47 528.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 193.50 528.10 Td (principle. ) Tj ET Q q 0 0 0 rg BT 234.70 528.10 Td (If ) Tj ET Q q 0 0 0 rg BT 244.51 528.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 288.78 528.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 335.81 528.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.63 528.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 378.22 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.16 528.10 Td (an ) Tj ET Q q 0 0 0 rg BT 401.75 528.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 445.46 528.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 519.69 528.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 547.01 528.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (election ) Tj ET Q q 0 0 0 rg BT 84.30 516.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.62 516.10 Td (irrevocable. ) Tj ET Q q 0 0 0 rg BT 143.75 516.10 Td (If ) Tj ET Q q 0 0 0 rg BT 153.06 516.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.15 516.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 202.22 516.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 227.65 516.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 253.06 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.93 516.10 Td (option ) Tj ET Q q 0 0 0 rg BT 296.14 516.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.57 516.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 331.44 516.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 375.20 516.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 421.72 516.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.15 516.10 Td (its ) Tj ET Q q 0 0 0 rg BT 444.25 516.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 479.66 516.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 516.10 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.43 504.10 Td (should ) Tj ET Q q 0 0 0 rg BT 87.97 504.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 123.06 504.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.15 504.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.80 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.89 504.10 Td (current ) Tj ET Q q 0 0 0 rg BT 230.07 504.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 269.60 504.10 Td (period ) Tj ET Q q 0 0 0 rg BT 298.02 504.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.89 504.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 348.75 504.10 Td (users ) Tj ET Q q 0 0 0 rg BT 372.17 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.37 504.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 421.23 504.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 466.31 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.96 504.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 513.15 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.23 504.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.82 504.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 553.68 504.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (pushdown ) Tj ET Q q 0 0 0 rg BT 94.50 492.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 144.01 492.10 Td (The ) Tj ET Q q 0 0 0 rg BT 162.94 492.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 216.87 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.03 492.10 Td (this ) Tj ET Q q 0 0 0 rg BT 245.87 492.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 293.13 492.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 334.28 492.10 Td (update ) Tj ET Q q 0 0 0 rg BT 364.32 492.10 Td (were ) Tj ET Q q 0 0 0 rg BT 387.13 492.10 Td (ef) Tj ET Q q 0 0 0 rg BT 394.72 492.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 425.31 492.10 Td (on ) Tj ET Q q 0 0 0 rg BT 438.69 492.10 Td (November ) Tj ET Q q 0 0 0 rg BT 484.29 492.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 500.17 492.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 525.31 492.10 Td (After ) Tj ET Q q 0 0 0 rg BT 549.79 492.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 480.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.64 480.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 107.64 480.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.93 480.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 155.20 480.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 179.82 480.10 Td (can ) Tj ET Q q 0 0 0 rg BT 195.54 480.10 Td (make ) Tj ET Q q 0 0 0 rg BT 219.04 480.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.33 480.10 Td (election ) Tj ET Q q 0 0 0 rg BT 263.83 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.45 480.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 297.52 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 480.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 349.52 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.15 480.10 Td (future ) Tj ET Q q 0 0 0 rg BT 384.87 480.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 457.80 480.10 Td (events ) Tj ET Q q 0 0 0 rg BT 485.19 480.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.37 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.99 480.10 Td (its ) Tj ET Q q 0 0 0 rg BT 516.29 480.10 Td (most ) Tj ET Q q 0 0 0 rg BT 537.58 480.10 Td (recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (change-in-control ) Tj ET Q q 0 0 0 rg BT 123.64 468.10 Td (event. ) Tj ET Q q 0 0 0 rg BT 150.17 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.28 468.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.72 468.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 241.72 468.10 Td (this ) Tj ET Q q 0 0 0 rg BT 258.73 468.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 305.16 468.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 345.49 468.10 Td (update ) Tj ET Q q 0 0 0 rg BT 374.70 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.04 468.10 Td (any ) Tj ET Q q 0 0 0 rg BT 402.04 468.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 445.13 468.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 472.69 468.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.58 468.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 504.47 468.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 527.03 468.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.98 456.10 Td (its ) Tj ET Q q 0 0 0 rg BT 116.93 456.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 153.85 456.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 203.57 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.51 456.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.68 456.10 Td (still ) Tj ET Q q 0 0 0 rg BT 247.18 456.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 291.33 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.05 456.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 335.76 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.59 456.10 Td (its ) Tj ET Q q 0 0 0 rg BT 358.54 456.10 Td (adoption.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 434.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.32 434.10 Td (May ) Tj ET Q q 0 0 0 rg BT 108.14 434.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 132.64 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.35 434.10 Td (F) Tj ET Q q 0 0 0 rg BT 154.17 434.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 178.11 434.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 206.61 434.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 257.76 434.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 301.69 434.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 335.06 434.10 Td (\("ASU"\) ) Tj ET Q q 0 0 0 rg BT 374.38 434.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 393.59 434.10 Td (2014-09, ) Tj ET Q q 0 0 0 rg BT 433.92 434.10 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 477.48 434.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.41 434.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 544.22 434.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (Customers". ) Tj ET Q q 0 0 0 rg BT 101.35 422.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 123.92 422.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 159.81 422.10 Td (af) Tj ET Q q 0 0 0 rg BT 167.40 422.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 188.83 422.10 Td (any ) Tj ET Q q 0 0 0 rg BT 205.83 422.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 231.17 422.10 Td (using ) Tj ET Q q 0 0 0 rg BT 255.40 422.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 275.74 422.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 302.60 422.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.16 422.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.71 422.10 Td (either ) Tj ET Q q 0 0 0 rg BT 348.03 422.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 374.47 422.10 Td (into ) Tj ET Q q 0 0 0 rg BT 392.59 422.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 431.24 422.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.58 422.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 494.69 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.03 422.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 538.12 422.10 Td (goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.55 410.10 Td (services ) Tj ET Q q 0 0 0 rg BT 96.98 410.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.53 410.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 135.63 410.10 Td (into ) Tj ET Q q 0 0 0 rg BT 154.40 410.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 193.72 410.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.60 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.03 410.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 257.79 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.34 410.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 325.87 410.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 352.42 410.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 380.64 410.10 Td (those ) Tj ET Q q 0 0 0 rg BT 404.97 410.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.28 410.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.71 410.10 Td (within ) Tj ET Q q 0 0 0 rg BT 488.49 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.93 410.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 529.91 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 410.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.62 398.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 113.74 398.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 154.90 398.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 193.84 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.02 398.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 227.86 398.10 Td (contracts\). ) Tj ET Q q 0 0 0 rg BT 272.42 398.10 Td (This ) Tj ET Q q 0 0 0 rg BT 292.42 398.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 315.28 398.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.68 398.10 Td (supersede ) Tj ET Q q 0 0 0 rg BT 375.96 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.03 398.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 425.52 398.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 473.91 398.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 528.96 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.38 398.10 Td (T) Tj ET Q q 0 0 0 rg BT 544.79 398.10 Td (opic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (605, ) Tj ET Q q 0 0 0 rg BT 68.78 386.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 105.05 386.10 Td (Recognition, ) Tj ET Q q 0 0 0 rg BT 157.72 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.44 386.10 Td (most ) Tj ET Q q 0 0 0 rg BT 194.17 386.10 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 262.66 386.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 302.45 386.10 Td (This ) Tj ET Q q 0 0 0 rg BT 321.23 386.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 342.51 386.10 Td (also ) Tj ET Q q 0 0 0 rg BT 359.91 386.10 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 404.51 386.10 Td (some ) Tj ET Q q 0 0 0 rg BT 426.90 386.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 444.30 386.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 481.67 386.10 Td (included ) Tj ET Q q 0 0 0 rg BT 517.39 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.46 386.10 Td (Subtopic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (605-35, ) Tj ET Q q 0 0 0 rg BT 83.04 374.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 120.24 374.10 Td (RecognitionConstruction-T) Tj ET Q q 0 0 0 rg BT 239.53 374.10 Td (ype ) Tj ET Q q 0 0 0 rg BT 256.18 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.84 374.10 Td (Production-T) Tj ET Q q 0 0 0 rg BT 325.46 374.10 Td (ype ) Tj ET Q q 0 0 0 rg BT 342.12 374.10 Td (Contracts. ) Tj ET Q q 0 0 0 rg BT 385.16 374.10 Td (In ) Tj ET Q q 0 0 0 rg BT 395.70 374.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 433.19 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.62 374.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 481.50 374.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 535.92 374.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 374.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.26 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.46 362.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 136.39 362.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.43 362.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.71 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.42 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.35 362.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 226.61 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.65 362.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 293.68 362.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.72 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.43 362.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.35 362.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.85 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.34 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.49 362.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 420.41 362.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.90 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.06 362.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 487.43 362.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 510.41 362.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.46 362.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.86 350.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 88.28 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.14 350.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.55 350.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 122.42 350.10 Td (360, ) Tj ET Q q 0 0 0 rg BT 141.56 350.10 Td (Property) Tj ET Q q 0 0 0 rg BT 175.35 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.50 350.10 Td (Plant, ) Tj ET Q q 0 0 0 rg BT 204.20 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.29 350.10 Td (Equipment, ) Tj ET Q q 0 0 0 rg BT 268.32 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.41 350.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 326.05 350.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.02 350.10 Td (within ) Tj ET Q q 0 0 0 rg BT 378.23 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.09 350.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 416.51 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.37 350.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.78 350.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 450.64 350.10 Td (350, ) Tj ET Q q 0 0 0 rg BT 469.79 350.10 Td (IntangiblesGoodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 338.10 Td (Other\) ) Tj ET Q q 0 0 0 rg BT 94.85 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.22 338.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 147.47 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.41 338.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.00 338.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 211.16 338.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.09 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.47 338.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 283.72 338.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.88 338.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 343.58 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.18 338.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 415.64 338.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 458.91 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.28 338.10 Td (constraint ) Tj ET Q q 0 0 0 rg BT 514.87 338.10 Td (on ) Tj ET Q q 0 0 0 rg BT 527.03 338.10 Td (revenue\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.84 326.10 Td (this ) Tj ET Q q 0 0 0 rg BT 75.90 326.10 Td (ASU. ) Tj ET Q q 0 0 0 rg BT 100.47 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.38 326.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.00 326.10 Td (core ) Tj ET Q q 0 0 0 rg BT 139.27 326.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 176.87 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.27 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.55 326.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 239.71 326.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.44 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.50 326.10 Td (an ) Tj ET Q q 0 0 0 rg BT 277.00 326.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 301.84 326.10 Td (should ) Tj ET Q q 0 0 0 rg BT 330.58 326.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 371.50 326.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 405.21 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.06 326.10 Td (depict ) Tj ET Q q 0 0 0 rg BT 441.55 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.83 326.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 488.44 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.83 326.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 538.11 326.10 Td (goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.37 314.10 Td (services ) Tj ET Q q 0 0 0 rg BT 96.62 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.43 314.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 151.02 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.84 314.10 Td (an ) Tj ET Q q 0 0 0 rg BT 174.32 314.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.35 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.39 314.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 257.85 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.11 314.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 330.02 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.83 314.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.31 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.57 314.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 409.38 314.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 442.41 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.23 314.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.70 314.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 498.73 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.55 314.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 550.34 314.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.61 302.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 100.00 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.83 302.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 147.86 302.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.27 302.10 Td (o ) Tj ET Q q 0 0 0 rg BT 160.77 302.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 193.80 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 211.29 302.10 Td (core ) Tj ET Q q 0 0 0 rg BT 231.00 302.10 Td (principle, ) Tj ET Q q 0 0 0 rg BT 271.54 302.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.48 302.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 308.75 302.10 Td (should ) Tj ET Q q 0 0 0 rg BT 337.92 302.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 362.64 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.36 302.10 Td (following ) Tj ET Q q 0 0 0 rg BT 418.75 302.10 Td (steps:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 278.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 278.10 Td (1: ) Tj ET Q q 0 0 0 rg BT 148.06 278.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 182.21 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 278.10 Td (contract\(s\) ) Tj ET Q q 0 0 0 rg BT 242.18 278.10 Td (with ) Tj ET Q q 0 0 0 rg BT 262.46 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.40 278.10 Td (customer) Tj ET Q q 0 0 0 rg BT 305.50 278.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 266.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 266.10 Td (2: ) Tj ET Q q 0 0 0 rg BT 148.06 266.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 182.21 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 266.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 249.95 266.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 296.89 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.17 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.89 266.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 254.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 254.10 Td (3: ) Tj ET Q q 0 0 0 rg BT 148.06 254.10 Td (Determine ) Tj ET Q q 0 0 0 rg BT 192.76 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.48 254.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 253.85 254.10 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 242.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 242.10 Td (4: ) Tj ET Q q 0 0 0 rg BT 147.50 242.10 Td (Allocate ) Tj ET Q q 0 0 0 rg BT 183.88 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.59 242.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 244.97 242.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.45 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.73 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.45 242.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 345.47 242.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 392.41 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.69 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.41 242.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 230.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 137.78 230.10 Td (5: ) Tj ET Q q 0 0 0 rg BT 148.06 230.10 Td (Recognize ) Tj ET Q q 0 0 0 rg BT 192.76 230.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 226.90 230.10 Td (when ) Tj ET Q q 0 0 0 rg BT 251.06 230.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 265.22 230.10 Td (as\) ) Tj ET Q q 0 0 0 rg BT 279.38 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.10 230.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 319.38 230.10 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 354.09 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.03 230.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.05 230.10 Td (obligation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 206.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.39 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.82 206.10 Td (public ) Tj ET Q q 0 0 0 rg BT 124.81 206.10 Td (entity) Tj ET Q q 0 0 0 rg BT 146.94 206.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.43 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.64 206.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 221.18 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.96 206.10 Td (this ) Tj ET Q q 0 0 0 rg BT 248.74 206.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 271.74 206.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.94 206.10 Td (ef) Tj ET Q q 0 0 0 rg BT 294.53 206.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 324.73 206.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.38 206.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 369.03 206.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 408.68 206.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 441.12 206.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 484.11 206.10 Td (after ) Tj ET Q q 0 0 0 rg BT 505.42 206.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.50 206.10 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 194.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 93.34 194.10 Td (including ) Tj ET Q q 0 0 0 rg BT 133.96 194.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 165.69 194.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 197.97 194.10 Td (within ) Tj ET Q q 0 0 0 rg BT 226.37 194.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.21 194.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 283.70 194.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 314.59 194.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 339.09 194.10 Td (application ) Tj ET Q q 0 0 0 rg BT 386.36 194.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.88 194.10 Td (not ) Tj ET Q q 0 0 0 rg BT 411.50 194.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 454.53 194.10 Td (An ) Tj ET Q q 0 0 0 rg BT 469.60 194.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 495.22 194.10 Td (should ) Tj ET Q q 0 0 0 rg BT 524.73 194.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 549.79 194.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 182.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 121.04 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.32 182.10 Td (this ) Tj ET Q q 0 0 0 rg BT 147.72 182.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 170.22 182.10 Td (using ) Tj ET Q q 0 0 0 rg BT 194.39 182.10 Td (one ) Tj ET Q q 0 0 0 rg BT 211.33 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.88 182.10 Td (following ) Tj ET Q q 0 0 0 rg BT 278.26 182.10 Td (two ) Tj ET Q q 0 0 0 rg BT 295.76 182.10 Td (methods:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 158.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 127.50 158.10 Td (Retrospectively ) Tj ET Q q 0 0 0 rg BT 192.76 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.04 158.10 Td (each ) Tj ET Q q 0 0 0 rg BT 223.85 158.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 245.79 158.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 284.95 158.10 Td (period ) Tj ET Q q 0 0 0 rg BT 312.99 158.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 353.81 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.75 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.46 158.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 410.74 158.10 Td (may ) Tj ET Q q 0 0 0 rg BT 430.45 158.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 451.83 158.10 Td (any ) Tj ET Q q 0 0 0 rg BT 468.76 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.59 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.31 158.10 Td (following) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 146.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 158.92 146.10 Td (expedients:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 122.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 122.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.04 122.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 261.14 122.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.08 122.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 298.35 122.10 Td (need ) Tj ET Q q 0 0 0 rg BT 319.73 122.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.00 122.10 Td (restate ) Tj ET Q q 0 0 0 rg BT 363.60 122.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 402.19 122.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.69 122.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 444.40 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.34 122.10 Td (end ) Tj ET Q q 0 0 0 rg BT 478.28 122.10 Td (within ) Tj ET Q q 0 0 0 rg BT 506.34 122.10 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 110.10 Td (same ) Tj ET Q q 0 0 0 rg BT 184.05 110.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.20 110.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 252.36 110.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 98.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 98.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.04 98.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 258.64 98.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.13 98.10 Td (have ) Tj ET Q q 0 0 0 rg BT 297.51 98.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 332.21 98.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 391.08 98.10 Td (an ) Tj ET Q q 0 0 0 rg BT 403.02 98.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 428.29 98.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.01 98.10 Td (use ) Tj ET Q q 0 0 0 rg BT 463.84 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.56 98.10 Td (transaction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 86.10 Td (price ) Tj ET Q q 0 0 0 rg BT 183.49 86.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.20 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.92 86.10 Td (date ) Tj ET Q q 0 0 0 rg BT 227.07 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.79 86.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 276.49 86.10 Td (was ) Tj ET Q q 0 0 0 rg BT 294.54 86.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 338.70 86.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 364.51 86.10 Td (than ) Tj ET Q q 0 0 0 rg BT 384.23 86.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 428.39 86.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 463.09 86.10 Td (consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 74.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 74.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 74.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 74.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.39 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.67 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.38 74.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 274.30 74.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 313.46 74.10 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 62.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.50 62.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.89 62.10 Td (all ) Tj ET Q q 0 0 0 rg BT 188.39 62.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 227.54 62.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 259.48 62.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 300.30 62.10 Td (before ) Tj ET Q q 0 0 0 rg BT 328.33 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.05 62.10 Td (date ) Tj ET Q q 0 0 0 rg BT 362.21 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.04 62.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 398.87 62.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 448.29 62.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.23 62.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 485.51 62.10 Td (need ) Tj ET Q q 0 0 0 rg BT 506.88 62.10 Td (not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 50.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 50.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 50.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 193.22 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.93 50.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 240.43 50.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.98 50.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 312.35 50.10 Td (price ) Tj ET Q q 0 0 0 rg BT 334.83 50.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 373.42 50.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.70 50.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 426.74 50.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 479.76 50.10 Td (obligations) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.44 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.38 742.10 Td (explanation ) Tj ET Q q 0 0 0 rg BT 236.53 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.36 742.10 Td (when ) Tj ET Q q 0 0 0 rg BT 271.52 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.23 742.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 311.51 742.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 343.99 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.27 742.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 395.63 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 413.13 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.62 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.45 742.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 718.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 127.50 718.10 Td (Retrospectively ) Tj ET Q q 0 0 0 rg BT 192.76 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 213.04 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.75 718.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 274.68 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 282.27 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.76 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.59 718.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 344.19 718.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 381.69 718.10 Td (this ) Tj ET Q q 0 0 0 rg BT 398.09 718.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 420.59 718.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 466.95 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 476.67 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.39 718.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.54 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.37 718.10 Td (initial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 706.10 Td (application. ) Tj ET Q q 0 0 0 rg BT 170.76 706.10 Td (If ) Tj ET Q q 0 0 0 rg BT 179.25 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.51 706.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 215.12 706.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 239.71 706.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 706.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 295.59 706.10 Td (method ) Tj ET Q q 0 0 0 rg BT 327.41 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 334.80 706.10 Td (also ) Tj ET Q q 0 0 0 rg BT 352.73 706.10 Td (should ) Tj ET Q q 0 0 0 rg BT 381.23 706.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 413.61 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.65 706.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 469.47 706.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 515.74 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.34 706.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 564.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 569.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 572.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 574.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 577.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 579.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 582.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 584.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 587.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 589.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.00 694.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 151.94 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.43 694.10 Td (include ) Tj ET Q q 0 0 0 rg BT 201.37 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.08 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 235.24 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.07 694.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 271.90 694.10 Td (application ) Tj ET Q q 0 0 0 rg BT 318.83 694.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.32 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.37 670.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 209.86 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.36 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 249.30 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 270.12 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.60 670.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 348.42 670.10 Td (line ) Tj ET Q q 0 0 0 rg BT 365.91 670.10 Td (item ) Tj ET Q q 0 0 0 rg BT 386.19 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.36 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 402.94 670.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 429.87 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.15 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.86 670.10 Td (current ) Tj ET Q q 0 0 0 rg BT 485.68 670.10 Td (reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.00 658.10 Td (period ) Tj ET Q q 0 0 0 rg BT 189.05 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 201.55 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 658.10 Td (application ) Tj ET Q q 0 0 0 rg BT 263.19 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.02 658.10 Td (this ) Tj ET Q q 0 0 0 rg BT 290.42 658.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 312.92 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.75 658.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 365.68 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.96 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 658.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 429.27 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.76 658.10 Td (was ) Tj ET Q q 0 0 0 rg BT 464.81 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.09 658.10 Td (ef) Tj ET Q q 0 0 0 rg BT 482.68 658.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 500.17 658.10 Td (before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.50 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.22 646.10 Td (change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.95 634.10 Td (An ) Tj ET Q q 0 0 0 rg BT 173.67 634.10 Td (explanation ) Tj ET Q q 0 0 0 rg BT 222.82 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.65 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.37 634.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 280.86 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.02 634.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.73 634.10 Td (changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 18.50 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.77 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.75 610.10 Td (related ) Tj ET Q q 0 0 0 rg BT 137.50 610.10 Td (point, ) Tj ET Q q 0 0 0 rg BT 163.10 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.43 610.10 Td (May ) Tj ET Q q 0 0 0 rg BT 194.31 610.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 216.85 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.61 610.10 Td (F) Tj ET Q q 0 0 0 rg BT 236.43 610.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 258.43 610.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 285.42 610.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 307.97 610.10 Td (2016-12, ) Tj ET Q q 0 0 0 rg BT 346.35 610.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 383.88 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 405.86 610.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 446.73 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 467.06 610.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 512.38 610.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 521.12 610.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 540.89 610.10 Td (606\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.70 Td (Narrow-Scope ) Tj ET Q q 0 0 0 rg BT 110.26 595.70 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 169.97 595.70 Td (and ) Tj ET Q q 0 0 0 rg BT 186.36 595.70 Td (Practical ) Tj ET Q q 0 0 0 rg BT 223.29 595.70 Td (Expedients. ) Tj ET Q q 0 0 0 rg BT 272.17 595.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.98 595.70 Td (The ) Tj ET Q q 0 0 0 rg BT 291.47 595.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 343.96 595.70 Td (in ) Tj ET Q q 0 0 0 rg BT 353.69 595.70 Td (this ) Tj ET Q q 0 0 0 rg BT 369.65 595.70 Td (ASU ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 391.61 595.70 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.61 595.70 Td (o ) Tj ET Q q 0 0 0 rg BT 404.56 595.70 Td (not ) Tj ET Q q 0 0 0 rg BT 419.28 595.70 Td (change ) Tj ET Q q 0 0 0 rg BT 449.55 595.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.71 595.70 Td (core ) Tj ET Q q 0 0 0 rg BT 482.87 595.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 516.46 595.70 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.70 Td (principle ) Tj ET Q q 0 0 0 rg BT 88.12 583.70 Td (in ) Tj ET Q q 0 0 0 rg BT 98.29 583.70 Td (T) Tj ET Q q 0 0 0 rg BT 103.70 583.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.50 583.70 Td (606. ) Tj ET Q q 0 0 0 rg BT 143.39 583.70 Td (The ) Tj ET Q q 0 0 0 rg BT 161.51 583.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 214.63 583.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 247.76 583.70 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 289.21 583.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 327.88 583.70 Td (in ) Tj ET Q q 0 0 0 rg BT 338.24 583.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.02 583.70 Td (narrow ) Tj ET Q q 0 0 0 rg BT 398.91 583.70 Td (areas ) Tj ET Q q 0 0 0 rg BT 422.03 583.70 Td (and ) Tj ET Q q 0 0 0 rg BT 439.05 583.70 Td (add ) Tj ET Q q 0 0 0 rg BT 456.06 583.70 Td (some ) Tj ET Q q 0 0 0 rg BT 479.75 583.70 Td (practical ) Tj ET Q q 0 0 0 rg BT 516.75 583.70 Td (expedients. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.70 Td (These ) Tj ET Q q 0 0 0 rg BT 76.49 571.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 129.64 571.70 Td (are ) Tj ET Q q 0 0 0 rg BT 144.46 571.70 Td (ef) Tj ET Q q 0 0 0 rg BT 152.04 571.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 181.86 571.70 Td (at ) Tj ET Q q 0 0 0 rg BT 191.68 571.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.51 571.70 Td (same ) Tj ET Q q 0 0 0 rg BT 229.67 571.70 Td (date ) Tj ET Q q 0 0 0 rg BT 248.93 571.70 Td (that ) Tj ET Q q 0 0 0 rg BT 266.35 571.70 Td (T) Tj ET Q q 0 0 0 rg BT 271.76 571.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 291.58 571.70 Td (606 ) Tj ET Q q 0 0 0 rg BT 309.19 571.70 Td (is ) Tj ET Q q 0 0 0 rg BT 318.47 571.70 Td (ef) Tj ET Q q 0 0 0 rg BT 326.06 571.70 Td (fective. ) Tj ET Q q 0 0 0 rg BT 358.19 571.70 Td (T) Tj ET Q q 0 0 0 rg BT 363.60 571.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 383.42 571.70 Td (606 ) Tj ET Q q 0 0 0 rg BT 401.03 571.70 Td (is ) Tj ET Q q 0 0 0 rg BT 410.31 571.70 Td (ef) Tj ET Q q 0 0 0 rg BT 417.90 571.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 447.71 571.70 Td (for ) Tj ET Q q 0 0 0 rg BT 461.98 571.70 Td (public ) Tj ET Q q 0 0 0 rg BT 489.59 571.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 521.08 571.70 Td (for ) Tj ET Q q 0 0 0 rg BT 535.35 571.70 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.94 559.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 122.65 559.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 165.93 559.70 Td (after ) Tj ET Q q 0 0 0 rg BT 187.53 559.70 Td (December ) Tj ET Q q 0 0 0 rg BT 231.89 559.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 247.67 559.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 273.45 559.70 Td (including ) Tj ET Q q 0 0 0 rg BT 314.50 559.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 346.67 559.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.60 559.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 419.32 559.70 Td (therein ) Tj ET Q q 0 0 0 rg BT 450.36 559.70 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 471.69 559.70 Td (January ) Tj ET Q q 0 0 0 rg BT 506.07 559.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 516.85 559.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 542.63 559.70 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 559.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.70 Td (calendar ) Tj ET Q q 0 0 0 rg BT 86.36 547.70 Td (year ) Tj ET Q q 0 0 0 rg BT 106.07 547.70 Td (entity\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.70 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 93.44 530.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.64 530.70 Td (Collectability ) Tj ET Q q 0 0 0 rg BT 169.73 530.70 Td (Criterion ) Tj ET Q q 0 0 0 rg BT 212.58 530.70 Td (in ) Tj ET Q q 0 0 0 rg BT 223.80 530.70 Td (Paragraph ) Tj ET Q q 0 0 0 rg BT 272.78 530.70 Td (606-10-25-1\(e\) ) Tj ET Q q 0 0 0 rg BT 336.74 530.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.10 530.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 406.86 530.70 Td (for) Tj ET Q q 0 0 0 rg BT 419.45 530.70 Td ( ) Tj ET Q q 0 0 0 rg BT 422.32 530.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 467.20 530.70 Td (That ) Tj ET Q q 0 0 0 rg BT 490.64 530.70 Td (Do ) Tj ET Q q 0 0 0 rg BT 505.73 530.70 Td (Not ) Tj ET Q q 0 0 0 rg BT 524.15 530.70 Td (Meet ) Tj ET Q q 0 0 0 rg BT 548.67 530.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 518.70 Td (Criteria ) Tj ET Q q 0 0 0 rg BT 86.99 518.70 Td (for) Tj ET Q q 0 0 0 rg BT 99.58 518.70 Td ( ) Tj ET Q q 0 0 0 rg BT 102.15 518.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 123.61 518.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 131.18 518.70 Td (\(Applying ) Tj ET Q q 0 0 0 rg BT 176.55 518.70 Td (Paragraph ) Tj ET Q q 0 0 0 rg BT 225.22 518.70 Td (606-10-25-7\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 518.70 Td ( ) Tj ET Q q 0 0 0 rg BT 283.43 518.70 Td (The ) Tj ET Q q 0 0 0 rg BT 301.54 518.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 354.66 518.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 383.32 518.70 Td (the ) Tj ET Q q 0 0 0 rg BT 398.11 518.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 437.33 518.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.23 518.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.01 518.70 Td (collectability ) Tj ET Q q 0 0 0 rg BT 517.79 518.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 554.23 518.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 70.35 506.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 80.24 506.70 Td (The ) Tj ET Q q 0 0 0 rg BT 98.36 506.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 137.59 506.70 Td (of ) Tj ET Q q 0 0 0 rg BT 148.49 506.70 Td (this ) Tj ET Q q 0 0 0 rg BT 165.52 506.70 Td (assessment ) Tj ET Q q 0 0 0 rg BT 212.53 506.70 Td (is ) Tj ET Q q 0 0 0 rg BT 221.77 506.70 Td (to ) Tj ET Q q 0 0 0 rg BT 232.13 506.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 274.68 506.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 309.46 506.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.25 506.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 359.03 506.70 Td (is ) Tj ET Q q 0 0 0 rg BT 368.28 506.70 Td (valid ) Tj ET Q q 0 0 0 rg BT 390.85 506.70 Td (and ) Tj ET Q q 0 0 0 rg BT 407.86 506.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 450.97 506.70 Td (a ) Tj ET Q q 0 0 0 rg BT 457.98 506.70 Td (substantive ) Tj ET Q q 0 0 0 rg BT 505.55 506.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 552.00 506.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 63.93 494.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 85.64 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 95.69 494.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 129.61 494.70 Td (a ) Tj ET Q q 0 0 0 rg BT 135.76 494.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 174.13 494.70 Td (has ) Tj ET Q q 0 0 0 rg BT 189.17 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.11 494.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 230.37 494.70 Td (and ) Tj ET Q q 0 0 0 rg BT 246.52 494.70 Td (intention ) Tj ET Q q 0 0 0 rg BT 283.79 494.70 Td (to ) Tj ET Q q 0 0 0 rg BT 293.28 494.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 309.43 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 494.70 Td (promised ) Tj ET Q q 0 0 0 rg BT 362.29 494.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 417.88 494.70 Td (in ) Tj ET Q q 0 0 0 rg BT 427.37 494.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.84 494.70 Td (for ) Tj ET Q q 0 0 0 rg BT 480.21 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 494.15 494.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 519.75 494.70 Td (or ) Tj ET Q q 0 0 0 rg BT 529.79 494.70 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.70 Td (that ) Tj ET Q q 0 0 0 rg BT 66.68 482.70 Td (will ) Tj ET Q q 0 0 0 rg BT 83.92 482.70 Td (be ) Tj ET Q q 0 0 0 rg BT 95.05 482.70 Td (transferred ) Tj ET Q q 0 0 0 rg BT 140.04 482.70 Td (to ) Tj ET Q q 0 0 0 rg BT 149.50 482.70 Td (the ) Tj ET Q q 0 0 0 rg BT 163.41 482.70 Td (customer) Tj ET Q q 0 0 0 rg BT 199.51 482.70 Td (. ) Tj ET Q q 0 0 0 rg BT 203.57 482.70 Td (The ) Tj ET Q q 0 0 0 rg BT 220.81 482.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 273.04 482.70 Td (also ) Tj ET Q q 0 0 0 rg BT 290.83 482.70 Td (add ) Tj ET Q q 0 0 0 rg BT 306.95 482.70 Td (a ) Tj ET Q q 0 0 0 rg BT 313.08 482.70 Td (new ) Tj ET Q q 0 0 0 rg BT 331.43 482.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 366.98 482.70 Td (to ) Tj ET Q q 0 0 0 rg BT 376.45 482.70 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 418.11 482.70 Td (606-10-25-7 ) Tj ET Q q 0 0 0 rg BT 469.79 482.70 Td (to ) Tj ET Q q 0 0 0 rg BT 479.25 482.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 507.03 482.70 Td (when ) Tj ET Q q 0 0 0 rg BT 530.38 482.70 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.70 Td (would ) Tj ET Q q 0 0 0 rg BT 77.43 470.70 Td (be ) Tj ET Q q 0 0 0 rg BT 89.31 470.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 135.60 470.70 Td (for ) Tj ET Q q 0 0 0 rg BT 149.70 470.70 Td (a ) Tj ET Q q 0 0 0 rg BT 156.57 470.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 191.21 470.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.64 470.70 Td (fails ) Tj ET Q q 0 0 0 rg BT 228.29 470.70 Td (to ) Tj ET Q q 0 0 0 rg BT 238.50 470.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 260.37 470.70 Td (the ) Tj ET Q q 0 0 0 rg BT 275.02 470.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 305.76 470.70 Td (in ) Tj ET Q q 0 0 0 rg BT 315.97 470.70 Td (Step ) Tj ET Q q 0 0 0 rg BT 336.19 470.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 345.94 470.70 Td (That ) Tj ET Q q 0 0 0 rg BT 366.70 470.70 Td (criterion ) Tj ET Q q 0 0 0 rg BT 403.01 470.70 Td (allows ) Tj ET Q q 0 0 0 rg BT 431.55 470.70 Td (an ) Tj ET Q q 0 0 0 rg BT 443.43 470.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 468.63 470.70 Td (to ) Tj ET Q q 0 0 0 rg BT 478.85 470.70 Td (recognize ) Tj ET Q q 0 0 0 rg BT 520.14 470.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 554.22 470.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.65 458.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 99.08 458.70 Td (of ) Tj ET Q q 0 0 0 rg BT 110.84 458.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 168.14 458.70 Td (received ) Tj ET Q q 0 0 0 rg BT 205.44 458.70 Td (when ) Tj ET Q q 0 0 0 rg BT 230.53 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 246.18 458.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 272.39 458.70 Td (has ) Tj ET Q q 0 0 0 rg BT 289.15 458.70 Td (transferred ) Tj ET Q q 0 0 0 rg BT 335.89 458.70 Td (control ) Tj ET Q q 0 0 0 rg BT 367.65 458.70 Td (of ) Tj ET Q q 0 0 0 rg BT 379.41 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 395.06 458.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 422.38 458.70 Td (or ) Tj ET Q q 0 0 0 rg BT 434.15 458.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 472.29 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.93 458.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 514.14 458.70 Td (has ) Tj ET Q q 0 0 0 rg BT 530.90 458.70 Td (stopped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.70 Td (transferring ) Tj ET Q q 0 0 0 rg BT 98.85 446.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 124.95 446.70 Td (or ) Tj ET Q q 0 0 0 rg BT 135.48 446.70 Td (services ) Tj ET Q q 0 0 0 rg BT 169.89 446.70 Td (\(if ) Tj ET Q q 0 0 0 rg BT 181.54 446.70 Td (applicable\) ) Tj ET Q q 0 0 0 rg BT 228.16 446.70 Td (and ) Tj ET Q q 0 0 0 rg BT 244.80 446.70 Td (has ) Tj ET Q q 0 0 0 rg BT 260.34 446.70 Td (no ) Tj ET Q q 0 0 0 rg BT 272.54 446.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 315.30 446.70 Td (under ) Tj ET Q q 0 0 0 rg BT 340.27 446.70 Td (the ) Tj ET Q q 0 0 0 rg BT 354.69 446.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 389.10 446.70 Td (to ) Tj ET Q q 0 0 0 rg BT 399.08 446.70 Td (transfer ) Tj ET Q q 0 0 0 rg BT 431.82 446.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 474.02 446.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 500.11 446.70 Td (or ) Tj ET Q q 0 0 0 rg BT 510.65 446.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 547.56 446.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 434.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 121.09 434.70 Td (received ) Tj ET Q q 0 0 0 rg BT 157.45 434.70 Td (from ) Tj ET Q q 0 0 0 rg BT 179.39 434.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 434.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 233.26 434.70 Td (is ) Tj ET Q q 0 0 0 rg BT 242.43 434.70 Td (nonrefundable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 417.70 Td (esentation ) Tj ET Q q 0 0 0 rg BT 106.89 417.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.42 417.70 Td (Sales ) Tj ET Q q 0 0 0 rg BT 143.05 417.70 Td (T) Tj ET Q q 0 0 0 rg BT 148.80 417.70 Td (axes ) Tj ET Q q 0 0 0 rg BT 170.33 417.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.65 417.70 Td (Other) Tj ET Q q 0 0 0 rg BT 215.02 417.70 Td ( ) Tj ET Q q 0 0 0 rg BT 218.21 417.70 Td (Similar) Tj ET Q q 0 0 0 rg BT 249.70 417.70 Td ( ) Tj ET Q q 0 0 0 rg BT 252.66 417.70 Td (T) Tj ET Q q 0 0 0 rg BT 258.41 417.70 Td (axes ) Tj ET Q q 0 0 0 rg BT 279.94 417.70 Td (Collected ) Tj ET Q q 0 0 0 rg BT 323.12 417.70 Td (fr) Tj ET Q q 0 0 0 rg BT 330.71 417.70 Td (om ) Tj ET Q q 0 0 0 rg BT 347.23 417.70 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.34 417.70 Td (. ) Tj ET Q q 0 0 0 rg BT 398.80 417.70 Td (The ) Tj ET Q q 0 0 0 rg BT 417.54 417.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 471.28 417.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 500.58 417.70 Td (an ) Tj ET Q q 0 0 0 rg BT 513.22 417.70 Td (entity) Tj ET Q q 0 0 0 rg BT 535.34 417.70 Td (, ) Tj ET Q q 0 0 0 rg BT 541.04 417.70 Td (as ) Tj ET Q q 0 0 0 rg BT 552.56 417.70 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.74 405.70 Td (policy ) Tj ET Q q 0 0 0 rg BT 122.60 405.70 Td (election, ) Tj ET Q q 0 0 0 rg BT 158.61 405.70 Td (to ) Tj ET Q q 0 0 0 rg BT 168.26 405.70 Td (exclude ) Tj ET Q q 0 0 0 rg BT 201.22 405.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 236.97 405.70 Td (collected ) Tj ET Q q 0 0 0 rg BT 274.92 405.70 Td (from ) Tj ET Q q 0 0 0 rg BT 296.23 405.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 338.64 405.70 Td (for ) Tj ET Q q 0 0 0 rg BT 352.16 405.70 Td (all ) Tj ET Q q 0 0 0 rg BT 364.02 405.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.33 405.70 Td (\(and ) Tj ET Q q 0 0 0 rg BT 404.96 405.70 Td (other ) Tj ET Q q 0 0 0 rg BT 427.37 405.70 Td (similar\) ) Tj ET Q q 0 0 0 rg BT 460.34 405.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 482.75 405.70 Td (from ) Tj ET Q q 0 0 0 rg BT 504.06 405.70 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 405.70 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.70 Td (price. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.70 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 89.78 376.70 Td (Consideration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.84 376.70 Td ( ) Tj ET Q q 0 0 0 rg BT 155.72 376.70 Td (The ) Tj ET Q q 0 0 0 rg BT 174.37 376.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 228.02 376.70 Td (specify ) Tj ET Q q 0 0 0 rg BT 260.00 376.70 Td (that ) Tj ET Q q 0 0 0 rg BT 278.10 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 293.42 376.70 Td (measurement ) Tj ET Q q 0 0 0 rg BT 349.84 376.70 Td (date ) Tj ET Q q 0 0 0 rg BT 369.60 376.70 Td (for ) Tj ET Q q 0 0 0 rg BT 384.36 376.70 Td (noncash ) Tj ET Q q 0 0 0 rg BT 420.23 376.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 477.21 376.70 Td (is ) Tj ET Q q 0 0 0 rg BT 486.98 376.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 522.29 376.70 Td (inception. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 364.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 120.46 364.70 Td (also ) Tj ET Q q 0 0 0 rg BT 138.76 364.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 167.04 364.70 Td (that ) Tj ET Q q 0 0 0 rg BT 184.22 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 198.62 364.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 233.01 364.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 289.07 364.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 327.35 364.70 Td (applies ) Tj ET Q q 0 0 0 rg BT 357.86 364.70 Td (only ) Tj ET Q q 0 0 0 rg BT 377.83 364.70 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 364.70 Td (variability ) Tj ET Q q 0 0 0 rg BT 431.08 364.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 468.26 364.70 Td (from ) Tj ET Q q 0 0 0 rg BT 489.88 364.70 Td (reasons ) Tj ET Q q 0 0 0 rg BT 522.06 364.70 Td (other ) Tj ET Q q 0 0 0 rg BT 544.79 364.70 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 352.70 Td (form ) Tj ET Q q 0 0 0 rg BT 86.66 352.70 Td (of ) Tj ET Q q 0 0 0 rg BT 97.49 352.70 Td (the ) Tj ET Q q 0 0 0 rg BT 112.20 352.70 Td (consideration. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.70 Td (Contract ) Tj ET Q q 0 0 0 rg BT 89.73 335.70 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 150.02 335.70 Td (at ) Tj ET Q q 0 0 0 rg BT 159.66 335.70 Td (T) Tj ET Q q 0 0 0 rg BT 165.59 335.70 Td (ransition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.43 335.70 Td ( ) Tj ET Q q 0 0 0 rg BT 207.74 335.70 Td (The ) Tj ET Q q 0 0 0 rg BT 224.69 335.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 276.64 335.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 308.60 335.70 Td (a ) Tj ET Q q 0 0 0 rg BT 314.45 335.70 Td (practical ) Tj ET Q q 0 0 0 rg BT 350.27 335.70 Td (expedient ) Tj ET Q q 0 0 0 rg BT 390.55 335.70 Td (that ) Tj ET Q q 0 0 0 rg BT 406.96 335.70 Td (permits ) Tj ET Q q 0 0 0 rg BT 438.36 335.70 Td (an ) Tj ET Q q 0 0 0 rg BT 449.21 335.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 473.39 335.70 Td (to ) Tj ET Q q 0 0 0 rg BT 482.58 335.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 509.52 335.70 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 335.70 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.70 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 323.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 76.04 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 87.83 323.70 Td (all ) Tj ET Q q 0 0 0 rg BT 101.29 323.70 Td (modifications ) Tj ET Q q 0 0 0 rg BT 159.75 323.70 Td (that ) Tj ET Q q 0 0 0 rg BT 178.21 323.70 Td (occur ) Tj ET Q q 0 0 0 rg BT 203.88 323.70 Td (before ) Tj ET Q q 0 0 0 rg BT 232.88 323.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.56 323.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 292.02 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.81 323.70 Td (the ) Tj ET Q q 0 0 0 rg BT 319.49 323.70 Td (earliest ) Tj ET Q q 0 0 0 rg BT 351.83 323.70 Td (period ) Tj ET Q q 0 0 0 rg BT 380.84 323.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 422.62 323.70 Td (when ) Tj ET Q q 0 0 0 rg BT 447.75 323.70 Td (identifying ) Tj ET Q q 0 0 0 rg BT 495.09 323.70 Td (the ) Tj ET Q q 0 0 0 rg BT 510.77 323.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 547.56 323.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.70 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 96.43 311.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 150.06 311.70 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 200.11 311.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 251.54 311.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.87 311.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 313.85 311.70 Td (price, ) Tj ET Q q 0 0 0 rg BT 339.44 311.70 Td (and ) Tj ET Q q 0 0 0 rg BT 356.99 311.70 Td (allocating ) Tj ET Q q 0 0 0 rg BT 399.52 311.70 Td (the ) Tj ET Q q 0 0 0 rg BT 414.85 311.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 461.83 311.70 Td (price ) Tj ET Q q 0 0 0 rg BT 484.92 311.70 Td (to ) Tj ET Q q 0 0 0 rg BT 495.81 311.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.13 311.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 547.57 311.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.70 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 95.83 299.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.85 299.70 Td (obligations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.70 Td (Completed ) Tj ET Q q 0 0 0 rg BT 99.39 282.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 144.32 282.70 Td (at ) Tj ET Q q 0 0 0 rg BT 155.18 282.70 Td (T) Tj ET Q q 0 0 0 rg BT 161.11 282.70 Td (ransition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.45 282.70 Td (. ) Tj ET Q q 0 0 0 rg BT 204.48 282.70 Td (The ) Tj ET Q q 0 0 0 rg BT 222.75 282.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 276.02 282.70 Td (clarify ) Tj ET Q q 0 0 0 rg BT 304.84 282.70 Td (that ) Tj ET Q q 0 0 0 rg BT 322.56 282.70 Td (a ) Tj ET Q q 0 0 0 rg BT 329.73 282.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 374.10 282.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 409.03 282.70 Td (for ) Tj ET Q q 0 0 0 rg BT 423.42 282.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 461.69 282.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.75 282.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 513.25 282.70 Td (is ) Tj ET Q q 0 0 0 rg BT 522.65 282.70 Td (a ) Tj ET Q q 0 0 0 rg BT 529.81 282.70 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.70 Td (for ) Tj ET Q q 0 0 0 rg BT 65.35 270.70 Td (which ) Tj ET Q q 0 0 0 rg BT 93.47 270.70 Td (all ) Tj ET Q q 0 0 0 rg BT 107.15 270.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 122.50 270.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 176.74 270.70 Td (all\) ) Tj ET Q q 0 0 0 rg BT 193.75 270.70 Td (of ) Tj ET Q q 0 0 0 rg BT 205.77 270.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.67 270.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 257.00 270.70 Td (was ) Tj ET Q q 0 0 0 rg BT 276.24 270.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 323.79 270.70 Td (under ) Tj ET Q q 0 0 0 rg BT 350.24 270.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 380.02 270.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 406.88 270.70 Td ( ) Tj ET Q q 0 0 0 rg BT 410.57 270.70 Td (before ) Tj ET Q q 0 0 0 rg BT 439.79 270.70 Td (the ) Tj ET Q q 0 0 0 rg BT 455.69 270.70 Td (date ) Tj ET Q q 0 0 0 rg BT 476.04 270.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 270.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 515.07 270.70 Td (application. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 99.15 258.70 Td (for ) Tj ET Q q 0 0 0 rg BT 113.31 258.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 151.35 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 258.70 Td (a ) Tj ET Q q 0 0 0 rg BT 169.12 258.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 203.82 258.70 Td (that ) Tj ET Q q 0 0 0 rg BT 221.32 258.70 Td (do ) Tj ET Q q 0 0 0 rg BT 233.82 258.70 Td (not ) Tj ET Q q 0 0 0 rg BT 249.09 258.70 Td (af) Tj ET Q q 0 0 0 rg BT 256.68 258.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.17 258.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 308.31 258.70 Td (under ) Tj ET Q q 0 0 0 rg BT 333.58 258.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 362.17 258.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 389.03 258.70 Td ( ) Tj ET Q q 0 0 0 rg BT 391.52 258.70 Td (are ) Tj ET Q q 0 0 0 rg BT 406.23 258.70 Td (irrelevant ) Tj ET Q q 0 0 0 rg BT 447.04 258.70 Td (to ) Tj ET Q q 0 0 0 rg BT 457.32 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 472.03 258.70 Td (assessment ) Tj ET Q q 0 0 0 rg BT 518.97 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 529.80 258.70 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.70 Td (a ) Tj ET Q q 0 0 0 rg BT 56.90 246.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 91.57 246.70 Td (is ) Tj ET Q q 0 0 0 rg BT 100.71 246.70 Td (complete. ) Tj ET Q q 0 0 0 rg BT 142.32 246.70 Td (In ) Tj ET Q q 0 0 0 rg BT 153.12 246.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 190.86 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 205.54 246.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 258.55 246.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 287.12 246.70 Td (an ) Tj ET Q q 0 0 0 rg BT 299.02 246.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 324.26 246.70 Td (to ) Tj ET Q q 0 0 0 rg BT 334.51 246.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 359.19 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.87 246.70 Td (modified ) Tj ET Q q 0 0 0 rg BT 412.44 246.70 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 466.55 246.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 506.79 246.70 Td (method ) Tj ET Q q 0 0 0 rg BT 539.25 246.70 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.70 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 234.70 Td (all ) Tj ET Q q 0 0 0 rg BT 72.77 234.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 111.37 234.70 Td (or ) Tj ET Q q 0 0 0 rg BT 122.20 234.70 Td (only ) Tj ET Q q 0 0 0 rg BT 142.48 234.70 Td (to ) Tj ET Q q 0 0 0 rg BT 152.75 234.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 191.35 234.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.84 234.70 Td (are ) Tj ET Q q 0 0 0 rg BT 223.55 234.70 Td (not ) Tj ET Q q 0 0 0 rg BT 238.83 234.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 282.98 234.70 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 217.70 Td (Also ) Tj ET Q q 0 0 0 rg BT 107.85 217.70 Td (in ) Tj ET Q q 0 0 0 rg BT 117.94 217.70 Td (April ) Tj ET Q q 0 0 0 rg BT 142.01 217.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 164.98 217.70 Td (the ) Tj ET Q q 0 0 0 rg BT 180.16 217.70 Td (F) Tj ET Q q 0 0 0 rg BT 184.97 217.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 207.39 217.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.70 217.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 257.67 217.70 Td (2016-10, ) Tj ET Q q 0 0 0 rg BT 296.46 217.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 334.41 217.70 Td (from ) Tj ET Q q 0 0 0 rg BT 356.81 217.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 398.10 217.70 Td (with ) Tj ET Q q 0 0 0 rg BT 418.84 217.70 Td (Customers ) Tj ET Q q 0 0 0 rg BT 464.58 217.70 Td (\(T) Tj ET Q q 0 0 0 rg BT 473.32 217.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 493.50 217.70 Td (606\): ) Tj ET Q q 0 0 0 rg BT 517.57 217.70 Td (Identifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 105.29 205.70 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 156.17 205.70 Td (and ) Tj ET Q q 0 0 0 rg BT 174.82 205.70 Td (Licensing. ) Tj ET Q q 0 0 0 rg BT 220.66 205.70 Td (This ) Tj ET Q q 0 0 0 rg BT 242.65 205.70 Td (amendment ) Tj ET Q q 0 0 0 rg BT 293.51 205.70 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 329.92 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.35 205.70 Td (following ) Tj ET Q q 0 0 0 rg BT 389.45 205.70 Td (two ) Tj ET Q q 0 0 0 rg BT 408.66 205.70 Td (aspects ) Tj ET Q q 0 0 0 rg BT 441.74 205.70 Td (of ) Tj ET Q q 0 0 0 rg BT 453.98 205.70 Td (T) Tj ET Q q 0 0 0 rg BT 459.39 205.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 480.82 205.70 Td (606: ) Tj ET Q q 0 0 0 rg BT 502.81 205.70 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 518.11 205.70 Td (identifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.64 193.70 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 151.97 193.70 Td (and ) Tj ET Q q 0 0 0 rg BT 168.53 193.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 182.30 193.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.63 193.70 Td (licensing ) Tj ET Q q 0 0 0 rg BT 234.85 193.70 Td (implementation ) Tj ET Q q 0 0 0 rg BT 299.73 193.70 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 340.28 193.70 Td (The ) Tj ET Q q 0 0 0 rg BT 357.94 193.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 410.60 193.70 Td (do ) Tj ET Q q 0 0 0 rg BT 422.71 193.70 Td (not ) Tj ET Q q 0 0 0 rg BT 437.61 193.70 Td (change ) Tj ET Q q 0 0 0 rg BT 468.04 193.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.37 193.70 Td (core ) Tj ET Q q 0 0 0 rg BT 501.69 193.70 Td (principle ) Tj ET Q q 0 0 0 rg BT 539.34 193.70 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 193.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.65 181.70 Td (in ) Tj ET Q q 0 0 0 rg BT 98.80 181.70 Td (T) Tj ET Q q 0 0 0 rg BT 104.21 181.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 123.99 181.70 Td (606. ) Tj ET Q q 0 0 0 rg BT 143.86 181.70 Td (The ) Tj ET Q q 0 0 0 rg BT 161.96 181.70 Td (ef) Tj ET Q q 0 0 0 rg BT 169.55 181.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 199.31 181.70 Td (date ) Tj ET Q q 0 0 0 rg BT 218.52 181.70 Td (and ) Tj ET Q q 0 0 0 rg BT 235.52 181.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 275.85 181.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 330.61 181.70 Td (for ) Tj ET Q q 0 0 0 rg BT 344.83 181.70 Td (the ) Tj ET Q q 0 0 0 rg BT 359.60 181.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 412.70 181.70 Td (are ) Tj ET Q q 0 0 0 rg BT 427.47 181.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.24 181.70 Td (same ) Tj ET Q q 0 0 0 rg BT 465.35 181.70 Td (as ) Tj ET Q q 0 0 0 rg BT 476.23 181.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.01 181.70 Td (ef) Tj ET Q q 0 0 0 rg BT 498.60 181.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 528.36 181.70 Td (date ) Tj ET Q q 0 0 0 rg BT 547.57 181.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 90.62 169.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 145.67 169.70 Td (in ) Tj ET Q q 0 0 0 rg BT 156.08 169.70 Td (T) Tj ET Q q 0 0 0 rg BT 161.50 169.70 Td (opic ) Tj ET Q q 0 0 0 rg BT 181.56 169.70 Td (606. ) Tj ET Q q 0 0 0 rg BT 201.90 169.70 Td (Public ) Tj ET Q q 0 0 0 rg BT 230.31 169.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 262.03 169.70 Td (should ) Tj ET Q q 0 0 0 rg BT 291.55 169.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 316.61 169.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 169.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 385.06 169.70 Td (for ) Tj ET Q q 0 0 0 rg BT 399.57 169.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 429.07 169.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.57 169.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.85 169.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 543.69 169.70 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.70 Td (December ) Tj ET Q q 0 0 0 rg BT 93.00 157.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 107.41 157.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 131.82 157.70 Td (including ) Tj ET Q q 0 0 0 rg BT 171.50 157.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 202.30 157.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 240.86 157.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 272.21 157.70 Td (therein ) Tj ET Q q 0 0 0 rg BT 301.89 157.70 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 321.85 157.70 Td (January ) Tj ET Q q 0 0 0 rg BT 354.86 157.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 364.27 157.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 388.68 157.70 Td (for ) Tj ET Q q 0 0 0 rg BT 402.25 157.70 Td (a ) Tj ET Q q 0 0 0 rg BT 408.60 157.70 Td (calendar ) Tj ET Q q 0 0 0 rg BT 444.38 157.70 Td (year ) Tj ET Q q 0 0 0 rg BT 463.50 157.70 Td (entity\). ) Tj ET Q q 0 0 0 rg BT 494.01 157.70 Td (Early ) Tj ET Q q 0 0 0 rg BT 517.58 157.70 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.70 Td (for ) Tj ET Q q 0 0 0 rg BT 63.69 145.70 Td (public ) Tj ET Q q 0 0 0 rg BT 90.72 145.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 121.64 145.70 Td (is ) Tj ET Q q 0 0 0 rg BT 130.34 145.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 170.69 145.70 Td (only ) Tj ET Q q 0 0 0 rg BT 190.50 145.70 Td (as ) Tj ET Q q 0 0 0 rg BT 200.86 145.70 Td (of ) Tj ET Q q 0 0 0 rg BT 211.23 145.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 239.92 145.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 278.60 145.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 310.07 145.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 352.10 145.70 Td (after ) Tj ET Q q 0 0 0 rg BT 372.45 145.70 Td (December ) Tj ET Q q 0 0 0 rg BT 415.57 145.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 430.10 145.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 454.63 145.70 Td (including ) Tj ET Q q 0 0 0 rg BT 494.44 145.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 525.35 145.70 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.94 133.70 Td (within ) Tj ET Q q 0 0 0 rg BT 110.00 133.70 Td (that ) Tj ET Q q 0 0 0 rg BT 127.49 133.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 166.65 133.70 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 116.70 Td (Identifying ) Tj ET Q q 0 0 0 rg BT 153.73 116.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 211.75 116.70 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 99.70 Td (Before ) Tj ET Q q 0 0 0 rg BT 142.94 99.70 Td (an ) Tj ET Q q 0 0 0 rg BT 155.11 99.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 180.62 99.70 Td (can ) Tj ET Q q 0 0 0 rg BT 197.23 99.70 Td (identify ) Tj ET Q q 0 0 0 rg BT 231.07 99.70 Td (its ) Tj ET Q q 0 0 0 rg BT 243.25 99.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 296.51 99.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 343.69 99.70 Td (in ) Tj ET Q q 0 0 0 rg BT 354.20 99.70 Td (a ) Tj ET Q q 0 0 0 rg BT 361.37 99.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 396.31 99.70 Td (with ) Tj ET Q q 0 0 0 rg BT 416.82 99.70 Td (a ) Tj ET Q q 0 0 0 rg BT 424.00 99.70 Td (customer) Tj ET Q q 0 0 0 rg BT 460.25 99.70 Td (, ) Tj ET Q q 0 0 0 rg BT 465.49 99.70 Td (the ) Tj ET Q q 0 0 0 rg BT 480.44 99.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 505.94 99.70 Td (first ) Tj ET Q q 0 0 0 rg BT 524.79 99.70 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 87.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.22 87.70 Td (promised ) Tj ET Q q 0 0 0 rg BT 180.93 87.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 207.33 87.70 Td (or ) Tj ET Q q 0 0 0 rg BT 218.16 87.70 Td (services ) Tj ET Q q 0 0 0 rg BT 252.86 87.70 Td (in ) Tj ET Q q 0 0 0 rg BT 263.14 87.70 Td (the ) Tj ET Q q 0 0 0 rg BT 277.86 87.70 Td (contract. ) Tj ET Q q 0 0 0 rg BT 314.88 87.70 Td (The ) Tj ET Q q 0 0 0 rg BT 332.93 87.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 385.97 87.70 Td (add ) Tj ET Q q 0 0 0 rg BT 402.91 87.70 Td (the ) Tj ET Q q 0 0 0 rg BT 417.62 87.70 Td (following ) Tj ET Q q 0 0 0 rg BT 459.01 87.70 Td (guidance: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 70.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.47 70.70 Td (An ) Tj ET Q q 0 0 0 rg BT 137.22 70.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 162.52 70.70 Td (is ) Tj ET Q q 0 0 0 rg BT 171.72 70.70 Td (not ) Tj ET Q q 0 0 0 rg BT 187.03 70.70 Td (required ) Tj ET Q q 0 0 0 rg BT 222.88 70.70 Td (to ) Tj ET Q q 0 0 0 rg BT 233.18 70.70 Td (assess ) Tj ET Q q 0 0 0 rg BT 260.16 70.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 294.89 70.70 Td (promised ) Tj ET Q q 0 0 0 rg BT 334.64 70.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 361.06 70.70 Td (or ) Tj ET Q q 0 0 0 rg BT 371.92 70.70 Td (services ) Tj ET Q q 0 0 0 rg BT 406.66 70.70 Td (are ) Tj ET Q q 0 0 0 rg BT 421.39 70.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 474.44 70.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.42 70.70 Td (if ) Tj ET Q q 0 0 0 rg BT 530.05 70.70 Td (they ) Tj ET Q q 0 0 0 rg BT 549.80 70.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 58.70 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 172.32 58.70 Td (in ) Tj ET Q q 0 0 0 rg BT 182.59 58.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.31 58.70 Td (context ) Tj ET Q q 0 0 0 rg BT 229.24 58.70 Td (of ) Tj ET Q q 0 0 0 rg BT 240.07 58.70 Td (the ) Tj ET Q q 0 0 0 rg BT 254.79 58.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 289.49 58.70 Td (with ) Tj ET Q q 0 0 0 rg BT 309.77 58.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.49 58.70 Td (customer) Tj ET Q q 0 0 0 rg BT 360.59 58.70 Td (. ) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 742.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.95 742.10 Td (An ) Tj ET Q q 0 0 0 rg BT 138.31 742.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 164.23 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.04 742.10 Td (permitted, ) Tj ET Q q 0 0 0 rg BT 218.00 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.47 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 242.06 742.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 289.07 742.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 317.21 742.10 Td (election, ) Tj ET Q q 0 0 0 rg BT 354.50 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.42 742.10 Td (account ) Tj ET Q q 0 0 0 rg BT 399.66 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.46 742.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 452.05 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.63 742.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 507.77 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 547.01 742.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 730.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 150.91 730.10 Td (after ) Tj ET Q q 0 0 0 rg BT 171.42 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.84 730.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 224.69 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 240.22 730.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 276.85 730.10 Td (control ) Tj ET Q q 0 0 0 rg BT 307.37 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.90 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.54 730.10 Td (good ) Tj ET Q q 0 0 0 rg BT 346.74 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.27 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.91 730.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 401.09 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.07 730.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 436.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.46 730.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 484.87 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.85 730.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 527.59 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 730.10 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 718.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 152.32 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 172.03 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.86 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 194.80 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 237.29 718.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 277.01 718.10 Td (service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.41 701.10 Td (o ) Tj ET Q q 0 0 0 rg BT 126.34 701.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 160.38 701.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 213.84 701.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 261.22 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.93 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.30 701.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 316.94 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 329.31 701.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 355.02 701.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 395.16 701.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 430.30 701.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 470.45 701.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 497.28 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.65 701.10 Td (services ) Tj ET Q q 0 0 0 rg BT 549.79 701.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 689.10 Td (distinct. ) Tj ET Q q 0 0 0 rg BT 160.46 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.19 689.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 230.90 689.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 266.41 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.80 689.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 319.07 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.25 689.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 370.65 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.04 689.10 Td (promises ) Tj ET Q q 0 0 0 rg BT 423.32 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.71 689.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 480.42 689.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 528.13 689.10 Td (criterion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 677.10 Td (by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 660.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 123.24 660.10 Td (Better ) Tj ET Q q 0 0 0 rg BT 150.42 660.10 Td (articulating ) Tj ET Q q 0 0 0 rg BT 198.70 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.65 660.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 251.94 660.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.34 660.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 317.40 660.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 352.35 660.10 Td (promises ) Tj ET Q q 0 0 0 rg BT 391.20 660.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.72 660.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 435.00 660.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 461.63 660.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.70 660.10 Td (services ) Tj ET Q q 0 0 0 rg BT 507.65 660.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.17 660.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.35 660.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 648.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.60 648.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 185.02 648.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 233.44 648.10 Td (by ) Tj ET Q q 0 0 0 rg BT 246.33 648.10 Td (emphasizing ) Tj ET Q q 0 0 0 rg BT 299.76 648.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.64 648.10 Td (an ) Tj ET Q q 0 0 0 rg BT 329.97 648.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 355.63 648.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 402.39 648.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 437.49 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.59 648.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 480.46 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.68 648.10 Td (its ) Tj ET Q q 0 0 0 rg BT 504.02 648.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 539.12 648.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 648.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 636.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 161.29 636.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.55 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.91 636.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 214.04 636.10 Td (each ) Tj ET Q q 0 0 0 rg BT 234.94 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.86 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.67 636.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 287.14 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.06 636.10 Td (services ) Tj ET Q q 0 0 0 rg BT 332.86 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.78 636.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 378.57 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.38 636.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 428.18 636.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.44 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.80 636.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 480.93 636.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.96 636.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 529.98 636.10 Td (item ) Tj ET Q q 0 0 0 rg BT 550.34 636.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 624.10 Td (items\) ) Tj ET Q q 0 0 0 rg BT 154.00 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.27 624.10 Td (which ) Tj ET Q q 0 0 0 rg BT 191.21 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.93 624.10 Td (promised ) Tj ET Q q 0 0 0 rg BT 245.65 624.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 272.04 624.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 300.08 624.10 Td (services ) Tj ET Q q 0 0 0 rg BT 334.79 624.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.50 624.10 Td (inputs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 607.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.93 607.10 Td (Revising ) Tj ET Q q 0 0 0 rg BT 160.92 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.56 607.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.19 607.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.83 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.70 607.10 Td (examples ) Tj ET Q q 0 0 0 rg BT 291.89 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.10 607.10 Td (align ) Tj ET Q q 0 0 0 rg BT 324.52 607.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.73 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.37 607.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 400.13 607.10 Td (articulation ) Tj ET Q q 0 0 0 rg BT 448.10 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.85 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.50 607.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 516.46 607.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 595.10 Td (principle.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.00 578.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 156.62 578.10 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 227.45 578.10 Td (Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 561.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.41 561.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 137.13 561.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 153.64 561.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 188.47 561.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 252.74 561.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 290.34 561.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.85 561.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 351.67 561.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 385.39 561.10 Td (an ) Tj ET Q q 0 0 0 rg BT 396.33 561.10 Td (entity) Tj ET Q q 0 0 0 rg BT 421.88 561.10 Td (s ) Tj ET Q q 0 0 0 rg BT 427.28 561.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 461.01 561.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.29 561.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 492.34 561.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.29 561.10 Td (license ) Tj ET Q q 0 0 0 rg BT 527.56 561.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.55 549.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 172.82 549.10 Td (with ) Tj ET Q q 0 0 0 rg BT 193.22 549.10 Td (either ) Tj ET Q q 0 0 0 rg BT 218.59 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.65 549.10 Td (right ) Tj ET Q q 0 0 0 rg BT 247.15 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.54 549.10 Td (use ) Tj ET Q q 0 0 0 rg BT 273.49 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.32 549.10 Td (entity) Tj ET Q q 0 0 0 rg BT 313.87 549.10 Td (s ) Tj ET Q q 0 0 0 rg BT 320.38 549.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 367.42 549.10 Td (property ) Tj ET Q q 0 0 0 rg BT 403.91 549.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 434.29 549.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.58 549.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 479.52 549.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.35 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.40 549.10 Td (point ) Tj ET Q q 0 0 0 rg BT 519.57 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.96 549.10 Td (time\) ) Tj ET Q q 0 0 0 rg BT 553.68 549.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 537.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.26 537.10 Td (right ) Tj ET Q q 0 0 0 rg BT 154.48 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.58 537.10 Td (access ) Tj ET Q q 0 0 0 rg BT 192.44 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 537.10 Td (entity) Tj ET Q q 0 0 0 rg BT 232.54 537.10 Td (s ) Tj ET Q q 0 0 0 rg BT 238.75 537.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 285.50 537.10 Td (property ) Tj ET Q q 0 0 0 rg BT 321.71 537.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 351.80 537.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.80 537.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 396.45 537.10 Td (over ) Tj ET Q q 0 0 0 rg BT 416.54 537.10 Td (time\). ) Tj ET Q q 0 0 0 rg BT 442.30 537.10 Td (The ) Tj ET Q q 0 0 0 rg BT 460.18 537.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 513.04 537.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.58 537.10 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.23 525.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 173.51 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.68 525.10 Td (operability ) Tj ET Q q 0 0 0 rg BT 234.96 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.35 525.10 Td (understandability ) Tj ET Q q 0 0 0 rg BT 324.73 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.02 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.19 525.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 390.25 525.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 455.96 525.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 495.01 525.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.96 525.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 549.79 525.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 513.10 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 496.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 123.79 496.10 Td (An ) Tj ET Q q 0 0 0 rg BT 140.23 496.10 Td (entity) Tj ET Q q 0 0 0 rg BT 165.79 496.10 Td (s ) Tj ET Q q 0 0 0 rg BT 173.90 496.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 210.34 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.34 496.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 247.11 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.77 496.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 296.64 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.30 496.10 Td (license ) Tj ET Q q 0 0 0 rg BT 337.29 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.29 496.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 397.93 496.10 Td (property ) Tj ET Q q 0 0 0 rg BT 436.03 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.25 496.10 Td (has ) Tj ET Q q 0 0 0 rg BT 472.80 496.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 519.23 496.10 Td (standalone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 484.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 180.18 484.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 203.03 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.83 484.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 245.96 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.32 484.10 Td (process ) Tj ET Q q 0 0 0 rg BT 288.90 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.92 484.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 344.87 484.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 379.66 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.68 484.10 Td (function ) Tj ET Q q 0 0 0 rg BT 422.59 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.50 484.10 Td (task, ) Tj ET Q q 0 0 0 rg BT 454.69 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.60 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.62 484.10 Td (played ) Tj ET Q q 0 0 0 rg BT 506.86 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.77 484.10 Td (aired\) ) Tj ET Q q 0 0 0 rg BT 543.67 484.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 472.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.78 472.10 Td (include ) Tj ET Q q 0 0 0 rg BT 173.71 472.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 218.99 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.82 472.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 280.09 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.58 472.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 344.51 472.10 Td (property ) Tj ET Q q 0 0 0 rg BT 380.88 472.10 Td (during ) Tj ET Q q 0 0 0 rg BT 409.49 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.21 472.10 Td (license ) Tj ET Q q 0 0 0 rg BT 454.47 472.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 455.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 122.24 455.10 Td (An ) Tj ET Q q 0 0 0 rg BT 136.69 455.10 Td (entity) Tj ET Q q 0 0 0 rg BT 162.25 455.10 Td (s ) Tj ET Q q 0 0 0 rg BT 168.37 455.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 202.82 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.83 455.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 235.61 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.28 455.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 281.17 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.84 455.10 Td (license ) Tj ET Q q 0 0 0 rg BT 317.84 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.85 455.10 Td (symbolic ) Tj ET Q q 0 0 0 rg BT 366.75 455.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 413.40 455.10 Td (property ) Tj ET Q q 0 0 0 rg BT 449.51 455.10 Td (\(that ) Tj ET Q q 0 0 0 rg BT 470.07 455.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 481.48 455.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 528.13 455.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.79 443.10 Td (does ) Tj ET Q q 0 0 0 rg BT 166.41 443.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.48 443.10 Td (have ) Tj ET Q q 0 0 0 rg BT 204.64 443.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 250.15 443.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 296.20 443.10 Td (functionality\) ) Tj ET Q q 0 0 0 rg BT 353.92 443.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.54 443.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 436.61 443.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.23 443.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 499.29 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.57 443.10 Td (intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 431.10 Td (property ) Tj ET Q q 0 0 0 rg BT 162.88 431.10 Td (during ) Tj ET Q q 0 0 0 rg BT 191.49 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.20 431.10 Td (license ) Tj ET Q q 0 0 0 rg BT 236.47 431.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 414.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 122.41 414.10 Td (An ) Tj ET Q q 0 0 0 rg BT 137.09 414.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 162.31 414.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 202.54 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.21 414.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 244.65 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.43 414.10 Td (its ) Tj ET Q q 0 0 0 rg BT 267.33 414.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 302.00 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.23 414.10 Td (granting ) Tj ET Q q 0 0 0 rg BT 348.01 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.90 414.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 387.62 414.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 430.61 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.40 414.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 476.06 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.73 414.10 Td (license ) Tj ET Q q 0 0 0 rg BT 520.94 414.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.07 414.10 Td (distinct, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.40 402.10 Td (order ) Tj ET Q q 0 0 0 rg BT 159.63 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.53 402.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 193.87 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 402.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.89 402.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 269.11 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.86 402.10 Td (T) Tj ET Q q 0 0 0 rg BT 284.27 402.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 303.61 402.10 Td (606 ) Tj ET Q q 0 0 0 rg BT 320.74 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.64 402.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.20 402.10 Td (single ) Tj ET Q q 0 0 0 rg BT 363.22 402.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 415.86 402.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 458.54 402.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.66 402.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 511.11 402.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.68 402.10 Td (license ) Tj ET Q q 0 0 0 rg BT 547.57 402.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 390.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.69 390.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 174.23 390.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.20 390.10 Td (services ) Tj ET Q q 0 0 0 rg BT 218.05 390.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 230.81 390.10 Td (particular) Tj ET Q q 0 0 0 rg BT 268.72 390.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.86 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.72 390.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 324.46 390.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.11 390.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 386.07 390.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 419.92 390.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.00 390.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 478.17 390.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 520.37 390.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.68 390.10 Td (satisfied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 378.10 Td (over ) Tj ET Q q 0 0 0 rg BT 145.80 378.10 Td (time ) Tj ET Q q 0 0 0 rg BT 165.11 378.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.97 378.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.72 378.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.69 378.10 Td (point ) Tj ET Q q 0 0 0 rg BT 211.78 378.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.09 378.10 Td (time ) Tj ET Q q 0 0 0 rg BT 240.39 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.36 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.11 378.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 307.74 378.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.27 378.10 Td (how ) Tj ET Q q 0 0 0 rg BT 338.03 378.10 Td (best ) Tj ET Q q 0 0 0 rg BT 355.67 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.98 378.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 399.82 378.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 435.24 378.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 464.54 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.29 378.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 516.47 378.10 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.33 363.70 Td (a ) Tj ET Q q 0 0 0 rg BT 144.27 363.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 197.29 363.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 240.34 363.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 276.17 363.70 Td (over ) Tj ET Q q 0 0 0 rg BT 296.44 363.70 Td (time\).) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 320.04 363.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 341.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.95 341.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.75 341.70 Td (plans ) Tj ET Q q 0 0 0 rg BT 156.77 341.70 Td (to ) Tj ET Q q 0 0 0 rg BT 167.45 341.70 Td (adopt ) Tj ET Q q 0 0 0 rg BT 192.58 341.70 Td (these ) Tj ET Q q 0 0 0 rg BT 216.03 341.70 Td (new ) Tj ET Q q 0 0 0 rg BT 235.60 341.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 270.15 341.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 318.60 341.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 365.38 341.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 402.17 341.70 Td (ef) Tj ET Q q 0 0 0 rg BT 409.75 341.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 439.86 341.70 Td (January ) Tj ET Q q 0 0 0 rg BT 473.87 341.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 484.28 341.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 507.19 341.70 Td (and ) Tj ET Q q 0 0 0 rg BT 524.53 341.70 Td (it ) Tj ET Q q 0 0 0 rg BT 533.00 341.70 Td (has ) Tj ET Q q 0 0 0 rg BT 549.23 341.70 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.70 Td (presently ) Tj ET Q q 0 0 0 rg BT 90.19 329.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 138.70 329.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.44 329.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 185.19 329.70 Td (that ) Tj ET Q q 0 0 0 rg BT 203.71 329.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.46 329.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 257.98 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 269.06 329.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 292.60 329.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 310.85 329.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 347.71 329.70 Td (will ) Tj ET Q q 0 0 0 rg BT 366.80 329.70 Td (have ) Tj ET Q q 0 0 0 rg BT 389.21 329.70 Td (on ) Tj ET Q q 0 0 0 rg BT 402.74 329.70 Td (its ) Tj ET Q q 0 0 0 rg BT 415.71 329.70 Td (income ) Tj ET Q q 0 0 0 rg BT 448.68 329.70 Td (statement, ) Tj ET Q q 0 0 0 rg BT 493.03 329.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 527.09 329.70 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 553.67 329.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 91.27 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 102.55 317.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.26 317.70 Td (flows. ) Tj ET Q q 0 0 0 rg BT 150.93 317.70 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 206.37 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.53 317.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.37 317.70 Td (has ) Tj ET Q q 0 0 0 rg BT 279.65 317.70 Td (not ) Tj ET Q q 0 0 0 rg BT 295.37 317.70 Td (yet ) Tj ET Q q 0 0 0 rg BT 310.54 317.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 358.47 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.63 317.70 Td (method ) Tj ET Q q 0 0 0 rg BT 406.57 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 417.85 317.70 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 472.44 317.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 510.38 317.70 Td (it ) Tj ET Q q 0 0 0 rg BT 518.89 317.70 Td (will ) Tj ET Q q 0 0 0 rg BT 537.39 317.70 Td (use ) Tj ET Q q 0 0 0 rg BT 553.67 317.70 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.70 Td (described ) Tj ET Q q 0 0 0 rg BT 90.71 305.70 Td (in ) Tj ET Q q 0 0 0 rg BT 100.89 305.70 Td (paragraphs ) Tj ET Q q 0 0 0 rg BT 147.15 305.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 154.55 305.70 Td (and ) Tj ET Q q 0 0 0 rg BT 171.38 305.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 178.78 305.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 231.16 305.70 Td (above. ) Tj ET Q q 0 0 0 rg BT 259.93 305.70 Td (Subsequently ) Tj ET Q q 0 0 0 rg BT 316.22 305.70 Td (in ) Tj ET Q q 0 0 0 rg BT 325.86 305.70 Td (August ) Tj ET Q q 0 0 0 rg BT 357.15 305.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 379.55 305.70 Td (the ) Tj ET Q q 0 0 0 rg BT 394.16 305.70 Td (F) Tj ET Q q 0 0 0 rg BT 398.98 305.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 420.83 305.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 447.70 305.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 470.10 305.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 487.22 305.70 Td (2015-14 ) Tj ET Q q 0 0 0 rg BT 522.94 305.70 Td ("Revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.70 Td (from ) Tj ET Q q 0 0 0 rg BT 71.60 293.70 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 112.09 293.70 Td (with ) Tj ET Q q 0 0 0 rg BT 132.03 293.70 Td (Customers: ) Tj ET Q q 0 0 0 rg BT 179.75 293.70 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 215.22 293.70 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.71 293.70 Td (Effective ) Tj ET Q q 0 0 0 rg BT 262.85 293.70 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.29 293.70 Td (", ) Tj ET Q q 0 0 0 rg BT 291.04 293.70 Td (to ) Tj ET Q q 0 0 0 rg BT 300.98 293.70 Td (defer ) Tj ET Q q 0 0 0 rg BT 323.68 293.70 Td (the ) Tj ET Q q 0 0 0 rg BT 338.06 293.70 Td (ef) Tj ET Q q 0 0 0 rg BT 345.64 293.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 375.01 293.70 Td (date ) Tj ET Q q 0 0 0 rg BT 393.83 293.70 Td (of ) Tj ET Q q 0 0 0 rg BT 403.84 293.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 426.01 293.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 442.90 293.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 478.39 293.70 Td (for ) Tj ET Q q 0 0 0 rg BT 492.21 293.70 Td (all ) Tj ET Q q 0 0 0 rg BT 504.37 293.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 535.42 293.70 Td (by ) Tj ET Q q 0 0 0 rg BT 547.58 293.70 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.70 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 281.70 Td (. ) Tj ET Q q 0 0 0 rg BT 71.08 281.70 Td (Accordingly ) Tj ET Q q 0 0 0 rg BT 123.55 281.70 Td (public ) Tj ET Q q 0 0 0 rg BT 151.02 281.70 Td (business ) Tj ET Q q 0 0 0 rg BT 187.38 281.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 218.74 281.70 Td (should ) Tj ET Q q 0 0 0 rg BT 247.89 281.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 272.58 281.70 Td (the ) Tj ET Q q 0 0 0 rg BT 287.27 281.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 325.84 281.70 Td (of ) Tj ET Q q 0 0 0 rg BT 336.10 281.70 Td (ASU ) Tj ET Q q 0 0 0 rg BT 358.58 281.70 Td (No. ) Tj ET Q q 0 0 0 rg BT 375.78 281.70 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 411.58 281.70 Td (to ) Tj ET Q q 0 0 0 rg BT 421.84 281.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 450.97 281.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 490.10 281.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 522.01 281.70 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (after ) Tj ET Q q 0 0 0 rg BT 70.82 269.70 Td (December ) Tj ET Q q 0 0 0 rg BT 114.40 269.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 129.40 269.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 154.40 269.70 Td (including ) Tj ET Q q 0 0 0 rg BT 194.67 269.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 226.05 269.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 265.21 269.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.15 269.70 Td (within ) Tj ET Q q 0 0 0 rg BT 325.21 269.70 Td (that ) Tj ET Q q 0 0 0 rg BT 342.70 269.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 371.86 269.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 411.01 269.70 Td (period.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 730.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 82.49 730.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 123.89 730.25 Td (per) Tj ET Q q 0 0 0 rg BT 138.15 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.65 730.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 161.03 730.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 696.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.97 696.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 139.94 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.81 696.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 187.00 696.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 223.30 696.25 Td (per ) Tj ET Q q 0 0 0 rg BT 238.50 696.25 Td (share ) Tj ET Q q 0 0 0 rg BT 262.02 696.25 Td (\(EPS\), ) Tj ET Q q 0 0 0 rg BT 299.71 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.58 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.22 696.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 354.19 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.05 696.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 401.25 696.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 440.33 696.25 Td (average ) Tj ET Q q 0 0 0 rg BT 473.84 696.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.25 696.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 550.34 696.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 684.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 94.43 684.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.26 684.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 146.08 684.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.36 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.07 684.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 231.88 684.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 287.16 684.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 333.54 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.37 684.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 376.86 684.25 Td (are ) Tj ET Q q 0 0 0 rg BT 391.56 684.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 420.18 684.25 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 614.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 614.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 614.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 586.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 586.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 586.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 650.75 m 416.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 650.75 m 420.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 650.75 m 476.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 650.75 m 480.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 650.75 m 536.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 614.75 m 356.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 614.75 m 416.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 614.75 m 476.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 614.75 m 536.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 614.75 m 476.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 614.75 m 536.5 614.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.75 664.48 Td (For) Tj ET Q q 0 0 0 rg BT 423.12 664.48 Td ( the year) Tj ET Q q 0 0 0 rg BT 460.14 664.48 Td ( ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.90 654.48 Td (December) Tj ET Q q 0 0 0 rg BT 462.02 654.48 Td ( 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.35 641.48 Td (\(In thousands, except per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.95 631.48 Td (amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 618.48 Td (Earnings per share:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 618.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 618.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 618.48 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.32 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 605.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 605.32 Td (2.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 605.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 605.32 Td (2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 605.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 605.32 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.32 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 591.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 591.32 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 591.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 591.32 Td (2.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 591.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 591.32 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.32 Td (Basic weighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 577.32 Td (32,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 577.32 Td (34,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 577.32 Td (37,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.32 Td (Diluted weighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 563.32 Td (32,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 563.32 Td (34,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 563.32 Td (38,040) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 537.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 122.78 537.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 141.57 537.25 Td (is ) Tj ET Q q 0 0 0 rg BT 149.80 537.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 173.01 537.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.35 537.25 Td (net ) Tj ET Q q 0 0 0 rg BT 196.13 537.25 Td (income ) Tj ET Q q 0 0 0 rg BT 227.12 537.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 274.22 537.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.56 537.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 306.50 537.25 Td (Inc ) Tj ET Q q 0 0 0 rg BT 320.83 537.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 352.39 537.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.95 537.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.73 537.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 415.94 537.25 Td (average ) Tj ET Q q 0 0 0 rg BT 448.58 537.25 Td (number ) Tj ET Q q 0 0 0 rg BT 480.69 537.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.58 537.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.13 537.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.02 537.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.37 525.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 122.30 525.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.22 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.70 525.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 181.01 525.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 213.27 525.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 232.77 525.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 255.58 525.25 Td (into ) Tj ET Q q 0 0 0 rg BT 273.40 525.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 329.53 525.25 Td (common ) Tj ET Q q 0 0 0 rg BT 366.79 525.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 390.16 525.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 437.97 525.25 Td (which ) Tj ET Q q 0 0 0 rg BT 464.67 525.25 Td (for ) Tj ET Q q 0 0 0 rg BT 478.59 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.07 525.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.22 525.25 Td (consist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 513.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 85.15 513.25 Td (options ) Tj ET Q q 0 0 0 rg BT 117.46 513.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.76 513.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 174.82 513.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 201.08 513.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.11 513.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 223.53 513.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 254.70 513.25 Td (to ) Tj ET Q q 0 0 0 rg BT 265.34 513.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 289.31 513.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 324.11 513.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 354.74 513.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 374.83 513.25 Td (is ) Tj ET Q q 0 0 0 rg BT 384.36 513.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 427.75 513.25 Td (as ) Tj ET Q q 0 0 0 rg BT 438.93 513.25 Td (if ) Tj ET Q q 0 0 0 rg BT 447.90 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.97 513.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.72 513.25 Td (had ) Tj ET Q q 0 0 0 rg BT 522.02 513.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.25 Td (common ) Tj ET Q q 0 0 0 rg BT 88.03 501.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.18 501.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 161.88 501.25 Td (from ) Tj ET Q q 0 0 0 rg BT 184.36 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.62 501.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 242.65 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.02 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.27 501.25 Td (year ) Tj ET Q q 0 0 0 rg BT 289.52 501.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.89 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.14 501.25 Td (date ) Tj ET Q q 0 0 0 rg BT 335.84 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.21 501.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 370.79 501.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.16 501.25 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 421.58 501.25 Td (net ) Tj ET Q q 0 0 0 rg BT 436.83 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.20 501.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 485.68 501.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 537.02 501.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.25 Td (using ) Tj ET Q q 0 0 0 rg BT 73.99 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.52 489.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 123.05 489.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 146.48 489.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 181.29 489.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 213.60 489.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 233.15 489.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.14 489.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 266.11 489.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.21 489.25 Td (net ) Tj ET Q q 0 0 0 rg BT 290.75 489.25 Td (income ) Tj ET Q q 0 0 0 rg BT 322.50 489.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 370.35 489.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.45 489.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 404.16 489.25 Td (Inc ) Tj ET Q q 0 0 0 rg BT 419.24 489.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 451.56 489.25 Td (by ) Tj ET Q q 0 0 0 rg BT 463.87 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.41 489.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 520.16 489.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 539.15 489.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 489.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 89.80 477.25 Td (average ) Tj ET Q q 0 0 0 rg BT 124.03 477.25 Td (number ) Tj ET Q q 0 0 0 rg BT 157.72 477.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.20 477.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.34 477.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 247.15 477.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.73 477.25 Td (common ) Tj ET Q q 0 0 0 rg BT 302.87 477.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.13 477.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 377.62 477.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.77 477.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 450.00 477.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 477.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.64 477.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.64 477.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.29 477.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.87 477.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.87 477.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.02 477.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.35 465.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.56 465.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.99 465.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.20 465.25 Td (, ) Tj ET Q q 0 0 0 rg BT 117.62 465.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.99 465.25 Td (135,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.49 465.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.41 465.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 216.11 465.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 251.25 465.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 279.17 465.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.87 465.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 331.11 465.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.82 465.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 365.85 465.25 Td (options ) Tj ET Q q 0 0 0 rg BT 398.23 465.25 Td (which ) Tj ET Q q 0 0 0 rg BT 425.59 465.25 Td (could ) Tj ET Q q 0 0 0 rg BT 450.73 465.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 476.43 465.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 496.59 465.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.30 465.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.44 465.25 Td (future ) Tj ET Q q 0 0 0 rg BT 549.24 465.25 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.10 453.25 Td (were ) Tj ET Q q 0 0 0 rg BT 99.19 453.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 137.95 453.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.05 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.93 453.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 205.37 453.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 225.27 453.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 271.80 453.25 Td (because ) Tj ET Q q 0 0 0 rg BT 306.11 453.25 Td (presently ) Tj ET Q q 0 0 0 rg BT 345.42 453.25 Td (their ) Tj ET Q q 0 0 0 rg BT 366.41 453.25 Td (ef) Tj ET Q q 0 0 0 rg BT 374.00 453.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 391.65 453.25 Td (is ) Tj ET Q q 0 0 0 rg BT 400.98 453.25 Td (anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 455.02 453.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 487.68 453.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.34 453.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 441.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 112.19 441.25 Td (as ) Tj ET Q q 0 0 0 rg BT 123.02 441.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 155.52 441.25 Td (for ) Tj ET Q q 0 0 0 rg BT 169.68 441.25 Td (each ) Tj ET Q q 0 0 0 rg BT 190.49 441.25 Td (year ) Tj ET Q q 0 0 0 rg BT 210.20 441.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.92 441.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 298.50 441.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 441.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 441.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 441.25 Td (, ) Tj ET Q q 0 0 0 rg BT 348.50 441.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.44 441.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.44 441.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 367.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 367.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 367.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 367.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 367.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 367.75 56.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 353.75 306.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 356.50 353.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 360.50 353.75 56.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 416.50 353.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 420.50 353.75 56.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 476.50 353.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 480.50 353.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 339.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 339.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 339.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 339.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 339.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 339.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 395.75 m 416.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 395.75 m 420.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 395.75 m 476.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 395.75 m 480.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 395.75 m 536.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 381.75 m 416.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 381.75 m 476.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 381.75 m 536.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 367.75 m 416.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 476.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 367.75 m 536.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 367.75 m 416.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 476.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 367.75 m 536.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 339.75 m 416.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 339.75 m 476.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 339.75 m 536.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 339.75 m 416.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 326.75 m 416.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 324.75 m 416.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 339.75 m 476.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 326.75 m 476.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 324.75 m 476.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 339.75 m 536.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 326.75 m 536.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 324.75 m 536.5 324.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.75 409.48 Td (For) Tj ET Q q 0 0 0 rg BT 423.12 409.48 Td ( the year) Tj ET Q q 0 0 0 rg BT 460.14 409.48 Td ( ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.90 399.48 Td (December) Tj ET Q q 0 0 0 rg BT 462.02 399.48 Td ( 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.55 386.43 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 372.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 372.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 372.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.32 Td (Basic weighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 358.32 Td (32,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 358.32 Td (34,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 358.32 Td (37,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.32 Td (Incremental shares for common stock equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 344.32 Td (260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 344.32 Td (233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 344.32 Td (231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 330.32 Td (Diluted shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 330.32 Td (32,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 330.32 Td (34,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 330.32 Td (38,040) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 290.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 82.49 290.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 121.12 290.25 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 268.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.72 268.25 Td (Company) Tj ET Q q 0 0 0 rg BT 158.38 268.25 Td (s ) Tj ET Q q 0 0 0 rg BT 164.45 268.25 Td (business ) Tj ET Q q 0 0 0 rg BT 200.51 268.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 250.46 268.25 Td (are ) Tj ET Q q 0 0 0 rg BT 264.84 268.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 307.54 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.38 268.25 Td (under ) Tj ET Q q 0 0 0 rg BT 346.32 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.71 268.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 398.42 268.25 Td (method ) Tj ET Q q 0 0 0 rg BT 430.59 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.09 268.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 487.13 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.09 268.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.22 268.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 256.25 Td (F) Tj ET Q q 0 0 0 rg BT 68.60 256.25 Td (ASB) Tj ET Q q 0 0 0 rg BT 90.83 256.25 Td (s ) Tj ET Q q 0 0 0 rg BT 96.28 256.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.71 256.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 179.37 256.25 Td (on ) Tj ET Q q 0 0 0 rg BT 190.93 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.70 256.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 250.13 256.25 Td (for ) Tj ET Q q 0 0 0 rg BT 263.35 256.25 Td (business ) Tj ET Q q 0 0 0 rg BT 298.81 256.25 Td (combinations. ) Tj ET Q q 0 0 0 rg BT 356.40 256.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 405.74 256.25 Td (, ) Tj ET Q q 0 0 0 rg BT 409.80 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.58 256.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 479.01 256.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 497.79 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 509.35 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 256.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.91 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.37 244.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 122.84 244.25 Td (it ) Tj ET Q q 0 0 0 rg BT 130.65 244.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 172.32 244.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.24 244.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 219.58 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.60 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.07 244.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 278.53 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.21 244.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 337.45 244.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 363.03 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.71 244.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 419.18 244.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 455.85 244.25 Td (based ) Tj ET Q q 0 0 0 rg BT 480.86 244.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 503.11 244.25 Td (their ) Tj ET Q q 0 0 0 rg BT 523.69 244.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.24 232.25 Td (values ) Tj ET Q q 0 0 0 rg BT 94.15 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 104.84 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.53 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.11 232.25 Td (date ) Tj ET Q q 0 0 0 rg BT 149.13 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.82 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.40 232.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 222.97 232.25 Td (The ) Tj ET Q q 0 0 0 rg BT 240.88 232.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 269.34 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.04 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.62 232.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 332.52 232.25 Td (price ) Tj ET Q q 0 0 0 rg BT 354.86 232.25 Td (over ) Tj ET Q q 0 0 0 rg BT 374.99 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.57 232.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 430.26 232.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.50 232.25 Td (values ) Tj ET Q q 0 0 0 rg BT 474.40 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.10 232.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.79 232.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 547.58 232.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 90.48 220.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 128.19 220.25 Td (is ) Tj ET Q q 0 0 0 rg BT 138.12 220.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 176.36 220.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.96 220.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 229.28 220.25 Td (Recognized ) Tj ET Q q 0 0 0 rg BT 279.75 220.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 318.57 220.25 Td (pertains ) Tj ET Q q 0 0 0 rg BT 353.49 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.54 220.25 Td (part ) Tj ET Q q 0 0 0 rg BT 383.35 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.39 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.88 220.25 Td (value ) Tj ET Q q 0 0 0 rg BT 434.80 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.39 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.87 220.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 500.67 220.25 Td (syner) Tj ET Q q 0 0 0 rg BT 522.15 220.25 Td (gies ) Tj ET Q q 0 0 0 rg BT 541.53 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 220.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.49 208.25 Td (from ) Tj ET Q q 0 0 0 rg BT 104.42 208.25 Td (combining ) Tj ET Q q 0 0 0 rg BT 149.70 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.41 208.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.57 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.40 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.12 208.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 278.84 208.25 Td (we ) Tj ET Q q 0 0 0 rg BT 293.00 208.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 324.92 208.25 Td (including ) Tj ET Q q 0 0 0 rg BT 365.20 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.91 208.25 Td (value ) Tj ET Q q 0 0 0 rg BT 404.07 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.90 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.61 208.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 466.54 208.25 Td (workforce.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.14 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.27 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.41 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.54 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.53 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.21 184.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 160.93 184.25 Td (practice ) Tj ET Q q 0 0 0 rg BT 194.70 184.25 Td (is ) Tj ET Q q 0 0 0 rg BT 203.51 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.42 184.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 265.55 184.25 Td (tightly ) Tj ET Q q 0 0 0 rg BT 293.79 184.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 330.91 184.25 Td (all ) Tj ET Q q 0 0 0 rg BT 343.04 184.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 382.40 184.25 Td (including ) Tj ET Q q 0 0 0 rg BT 422.31 184.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 480.80 184.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 502.38 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.95 184.25 Td (marketing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (administration, ) Tj ET Q q 0 0 0 rg BT 112.58 172.25 Td (product ) Tj ET Q q 0 0 0 rg BT 145.43 172.25 Td (development ) Tj ET Q q 0 0 0 rg BT 199.39 172.25 Td (after ) Tj ET Q q 0 0 0 rg BT 220.02 172.25 Td (a ) Tj ET Q q 0 0 0 rg BT 226.77 172.25 Td (business ) Tj ET Q q 0 0 0 rg BT 262.97 172.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 309.16 172.25 Td (is ) Tj ET Q q 0 0 0 rg BT 318.14 172.25 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 378.49 172.25 Td (so ) Tj ET Q q 0 0 0 rg BT 389.69 172.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.33 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.42 172.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 438.83 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.13 172.25 Td (syner) Tj ET Q q 0 0 0 rg BT 477.61 172.25 Td (gistic ) Tj ET Q q 0 0 0 rg BT 501.59 172.25 Td (ef) Tj ET Q q 0 0 0 rg BT 509.17 172.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 549.79 172.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (maximized ) Tj ET Q q 0 0 0 rg BT 96.09 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.19 160.25 Td (redundancies ) Tj ET Q q 0 0 0 rg BT 166.61 160.25 Td (eliminated, ) Tj ET Q q 0 0 0 rg BT 212.98 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.08 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.52 160.25 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 268.51 160.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 304.03 160.25 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 356.24 160.25 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 413.18 160.25 Td (Furthermore ) Tj ET Q q 0 0 0 rg BT 464.83 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.71 160.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.26 160.25 Td (centralizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.00 148.25 Td (key ) Tj ET Q q 0 0 0 rg BT 95.24 148.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 134.26 148.25 Td (such ) Tj ET Q q 0 0 0 rg BT 154.38 148.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.51 148.25 Td (information ) Tj ET Q q 0 0 0 rg BT 213.53 148.25 Td (technology) Tj ET Q q 0 0 0 rg BT 257.31 148.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.61 148.25 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 306.45 148.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 330.19 148.25 Td (human ) Tj ET Q q 0 0 0 rg BT 359.20 148.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 401.26 148.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 434.99 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.22 148.25 Td (other ) Tj ET Q q 0 0 0 rg BT 473.57 148.25 Td (general ) Tj ET Q q 0 0 0 rg BT 504.79 148.25 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 89.88 136.25 Td (after ) Tj ET Q q 0 0 0 rg BT 110.85 136.25 Td (an ) Tj ET Q q 0 0 0 rg BT 122.95 136.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 172.00 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.44 136.25 Td (order ) Tj ET Q q 0 0 0 rg BT 206.20 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.30 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.74 136.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 266.39 136.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 295.69 136.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 314.46 136.25 Td (ef) Tj ET Q q 0 0 0 rg BT 322.05 136.25 Td (ficiencies. ) Tj ET Q q 0 0 0 rg BT 365.52 136.25 Td (By ) Tj ET Q q 0 0 0 rg BT 379.85 136.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 421.39 136.25 Td (this ) Tj ET Q q 0 0 0 rg BT 438.50 136.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 484.48 136.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 518.79 136.25 Td (it ) Tj ET Q q 0 0 0 rg BT 527.01 136.25 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 79.92 124.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 116.50 124.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 131.99 124.25 Td (feasible ) Tj ET Q q 0 0 0 rg BT 165.25 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.18 124.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 218.42 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.02 124.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 277.71 124.25 Td (track ) Tj ET Q q 0 0 0 rg BT 299.86 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.46 124.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 350.83 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.21 124.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 401.24 124.25 Td (from ) Tj ET Q q 0 0 0 rg BT 422.84 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.22 124.25 Td (business ) Tj ET Q q 0 0 0 rg BT 473.27 124.25 Td (combinations ) Tj ET Q q 0 0 0 rg BT 529.31 124.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.13 124.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 88.03 112.25 Td (after ) Tj ET Q q 0 0 0 rg BT 108.85 112.25 Td (they ) Tj ET Q q 0 0 0 rg BT 128.56 112.25 Td (have ) Tj ET Q q 0 0 0 rg BT 149.94 112.25 Td (been ) Tj ET Q q 0 0 0 rg BT 171.32 112.25 Td (acquired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.93 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.87 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.80 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.74 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.03 88.25 Td (A) Tj ET Q q 0 0 0 rg BT 106.70 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.63 88.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 154.78 88.25 Td (component ) Tj ET Q q 0 0 0 rg BT 202.14 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.41 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.56 88.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 267.03 88.25 Td (price ) Tj ET Q q 0 0 0 rg BT 289.95 88.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 346.76 88.25 Td (for ) Tj ET Q q 0 0 0 rg BT 361.35 88.25 Td (many ) Tj ET Q q 0 0 0 rg BT 386.50 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.77 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.92 88.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 460.44 88.25 Td (business ) Tj ET Q q 0 0 0 rg BT 497.26 88.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 547.97 88.25 Td (is ) Tj ET Q q 0 0 0 rg BT 557.57 88.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 88.13 76.25 Td (future ) Tj ET Q q 0 0 0 rg BT 115.16 76.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.07 76.25 Td (earnout ) Tj ET Q q 0 0 0 rg BT 169.20 76.25 Td (based ) Tj ET Q q 0 0 0 rg BT 195.11 76.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.26 76.25 Td (reaching ) Tj ET Q q 0 0 0 rg BT 245.83 76.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.17 76.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 315.41 76.25 Td (future ) Tj ET Q q 0 0 0 rg BT 342.43 76.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 377.22 76.25 Td (tar) Tj ET Q q 0 0 0 rg BT 387.59 76.25 Td (gets. ) Tj ET Q q 0 0 0 rg BT 409.11 76.25 Td (The ) Tj ET Q q 0 0 0 rg BT 427.81 76.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 453.17 76.25 Td (for ) Tj ET Q q 0 0 0 rg BT 467.97 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.33 76.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 528.69 76.25 Td (earn-out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 91.53 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.51 64.25 Td (most ) Tj ET Q q 0 0 0 rg BT 125.16 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.69 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.11 64.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 199.90 64.25 Td (business ) Tj ET Q q 0 0 0 rg BT 236.99 64.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 287.97 64.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 326.16 64.25 Td (address ) Tj ET Q q 0 0 0 rg BT 359.36 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.78 64.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 401.63 64.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.83 64.25 Td (recognizable ) Tj ET Q q 0 0 0 rg BT 459.12 64.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 497.86 64.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 536.59 64.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 64.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.62 52.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 111.59 52.25 Td (over ) Tj ET Q q 0 0 0 rg BT 131.56 52.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.19 52.25 Td (one, ) Tj ET Q q 0 0 0 rg BT 157.33 52.25 Td (two, ) Tj ET Q q 0 0 0 rg BT 177.03 52.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 204.77 52.25 Td (three ) Tj ET Q q 0 0 0 rg BT 226.95 52.25 Td (year ) Tj ET Q q 0 0 0 rg BT 246.36 52.25 Td (period ) Tj ET Q q 0 0 0 rg BT 274.10 52.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 320.74 52.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.71 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.13 52.25 Td (ef) Tj ET Q q 0 0 0 rg BT 352.71 52.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 382.11 52.25 Td (date ) Tj ET Q q 0 0 0 rg BT 400.97 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.49 52.25 Td (their ) Tj ET Q q 0 0 0 rg BT 432.02 52.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 478.10 52.25 Td (by ) Tj ET Q q 0 0 0 rg BT 490.29 52.25 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 513.72 52.25 Td (These ) Tj ET Q q 0 0 0 rg BT 539.79 52.25 Td (terms ) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 87.48 742.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 124.96 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.88 742.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 173.26 742.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 212.97 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 247.10 742.10 Td (tar) Tj ET Q q 0 0 0 rg BT 257.46 742.10 Td (get ) Tj ET Q q 0 0 0 rg BT 272.17 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 292.43 742.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 345.45 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.26 742.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 394.29 742.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 440.64 742.10 Td (over ) Tj ET Q q 0 0 0 rg BT 460.89 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.38 742.10 Td (tar) Tj ET Q q 0 0 0 rg BT 488.74 742.10 Td (get ) Tj ET Q q 0 0 0 rg BT 503.44 742.10 Td (being ) Tj ET Q q 0 0 0 rg BT 528.15 742.10 Td (awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.91 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.27 730.10 Td (form ) Tj ET Q q 0 0 0 rg BT 95.84 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.30 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.88 730.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 151.11 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.01 730.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 206.46 730.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 245.38 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 263.06 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.08 730.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 334.54 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 357.22 730.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 381.58 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.49 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 403.07 730.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 449.07 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.65 730.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 523.32 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.79 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.14 730.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.99 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.65 718.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 132.19 718.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 168.84 718.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 209.39 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.38 718.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 268.25 718.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 313.80 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.46 718.10 Td (part ) Tj ET Q q 0 0 0 rg BT 344.34 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.55 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.08 718.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 442.63 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.40 718.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 499.27 718.10 Td (price ) Tj ET Q q 0 0 0 rg BT 522.58 718.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 85.34 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.58 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.38 706.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 174.17 706.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 211.17 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.08 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.10 706.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 296.22 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.35 706.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.81 706.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 401.15 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 424.28 706.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 461.85 706.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 508.88 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.79 706.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.96 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.04 694.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 137.09 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.84 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 162.03 694.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 217.55 694.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 252.50 694.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 283.24 694.10 Td (As ) Tj ET Q q 0 0 0 rg BT 297.10 694.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 338.17 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.70 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 371.99 694.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 396.94 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.47 694.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 429.65 694.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 439.89 694.10 Td (these ) Tj ET Q q 0 0 0 rg BT 463.18 694.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 508.14 694.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.47 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.92 682.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 141.15 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 150.61 682.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.74 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 190.64 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.89 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.35 682.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 263.48 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 282.39 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.07 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.53 682.10 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 361.86 682.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 400.21 682.10 Td (based ) Tj ET Q q 0 0 0 rg BT 425.22 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.47 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.94 682.10 Td (then ) Tj ET Q q 0 0 0 rg BT 471.40 682.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 507.53 682.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.66 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 547.56 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.08 670.10 Td (if ) Tj ET Q q 0 0 0 rg BT 92.94 670.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 131.16 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.41 670.10 Td (During ) Tj ET Q q 0 0 0 rg BT 165.49 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 185.56 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.64 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.61 670.10 Td (years ) Tj ET Q q 0 0 0 rg BT 232.46 670.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 261.43 670.10 Td (December ) Tj ET Q q 0 0 0 rg BT 304.26 670.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.51 670.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.51 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.77 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.77 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.52 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.71 670.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.71 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.96 670.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 452.62 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.87 670.10 Td (these ) Tj ET Q q 0 0 0 rg BT 479.17 670.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 519.79 670.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 84.52 658.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 121.27 658.10 Td (business ) Tj ET Q q 0 0 0 rg BT 158.60 658.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 205.92 658.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 263.23 658.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 306.39 658.10 Td (were ) Tj ET Q q 0 0 0 rg BT 329.25 658.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 364.34 658.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.77 658.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 398.71 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.54 658.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 454.48 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.37 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.81 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.68 658.10 Td ($10.2 ) Tj ET Q q 0 0 0 rg BT 530.62 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.43 646.10 Td (due ) Tj ET Q q 0 0 0 rg BT 119.13 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.18 646.10 Td (remeasurements ) Tj ET Q q 0 0 0 rg BT 196.42 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.01 646.10 Td (based ) Tj ET Q q 0 0 0 rg BT 232.05 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.32 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.80 646.10 Td (then ) Tj ET Q q 0 0 0 rg BT 278.28 646.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 314.43 646.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.58 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 354.50 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.21 646.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 405.68 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.73 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.21 646.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 462.47 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.18 646.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 507.56 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.15 646.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.74 634.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 109.25 634.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 136.81 634.10 Td (These ) Tj ET Q q 0 0 0 rg BT 162.55 634.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 206.07 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.71 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.79 634.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 273.87 634.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 306.81 634.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 341.99 634.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 381.08 634.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 414.59 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.24 634.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 483.31 634.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 522.94 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.58 634.10 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.89 622.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 126.55 622.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 165.10 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.88 622.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 211.65 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.10 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.76 622.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 293.99 622.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 340.32 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.10 622.10 Td (Income. ) Tj ET Q q 0 0 0 rg BT 386.04 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.95 622.10 Td (As ) Tj ET Q q 0 0 0 rg BT 401.51 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 622.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 470.83 622.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.83 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.78 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.45 622.10 Td (total ) Tj ET Q q 0 0 0 rg BT 530.67 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 622.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 94.97 610.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 134.94 610.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.25 610.10 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 173.50 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.39 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 207.65 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.73 610.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.93 610.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 266.18 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.08 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.83 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 307.26 610.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 343.33 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.86 610.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 396.05 610.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 438.52 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.72 610.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 475.97 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.86 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.62 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.04 610.10 Td (included ) Tj ET Q q 0 0 0 rg BT 554.23 610.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.60 598.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.11 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.17 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.68 598.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 191.55 598.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 246.61 598.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 281.10 598.10 Td (Sheet. ) Tj ET Q q 0 0 0 rg BT 307.60 598.10 Td (As ) Tj ET Q q 0 0 0 rg BT 321.00 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.61 598.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 389.99 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.99 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.27 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.78 598.10 Td (total ) Tj ET Q q 0 0 0 rg BT 446.84 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.46 598.10 Td (these ) Tj ET Q q 0 0 0 rg BT 480.29 598.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 524.79 598.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.23 586.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 88.42 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.31 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.99 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.01 586.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.13 586.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 178.31 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.89 586.10 Td (was ) Tj ET Q q 0 0 0 rg BT 228.12 586.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 264.12 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.58 586.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 316.70 586.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 359.10 586.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.22 586.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 396.40 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.29 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.98 586.10 Td (was ) Tj ET Q q 0 0 0 rg BT 446.21 586.10 Td (included ) Tj ET Q q 0 0 0 rg BT 483.33 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.79 586.10 Td (current ) Tj ET Q q 0 0 0 rg BT 524.79 586.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 574.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 122.08 574.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 177.35 574.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 212.05 574.10 Td (Sheet.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 538.53505859375 m 123.2568359375 538.53505859375 l s q 0 0 0 rg BT 50.00 540.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.13 540.10 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 518.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 113.59 518.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 152.86 518.10 Td (em ) Tj ET Q q 0 0 0 rg BT 168.03 518.10 Td (T) Tj ET Q q 0 0 0 rg BT 173.79 518.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 221.94 518.10 Td (SA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.72 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.31 518.10 Td (- ) Tj ET Q q 0 0 0 rg BT 243.24 518.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 252.50 518.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 282.29 518.10 Td (November ) Tj ET Q q 0 0 0 rg BT 327.09 518.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 337.19 518.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 359.78 518.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 381.26 518.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 418.09 518.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 444.56 518.10 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 483.27 518.10 Td (em ) Tj ET Q q 0 0 0 rg BT 497.89 518.10 Td (T) Tj ET Q q 0 0 0 rg BT 503.30 518.10 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 549.77 518.10 Td (SA) Tj ET Q q 0 0 0 rg BT 562.00 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (\("Wdev"\), ) Tj ET Q q 0 0 0 rg BT 94.01 506.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.25 506.10 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 140.71 506.10 Td (company ) Tj ET Q q 0 0 0 rg BT 180.18 506.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.98 506.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 235.22 506.10 Td (IT) Tj ET Q q 0 0 0 rg BT 244.48 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.29 506.10 Td (services ) Tj ET Q q 0 0 0 rg BT 282.30 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.55 506.10 Td (software ) Tj ET Q q 0 0 0 rg BT 336.79 506.10 Td (development ) Tj ET Q q 0 0 0 rg BT 391.25 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.71 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.74 506.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 444.03 506.10 Td (American ) Tj ET Q q 0 0 0 rg BT 486.26 506.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 527.38 506.10 Td (industry) Tj ET Q q 0 0 0 rg BT 559.51 506.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 72.29 494.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 110.12 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.27 494.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 140.55 494.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.62 494.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 188.46 494.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.63 494.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 266.91 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.09 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.71 494.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 327.11 494.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.84 494.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 364.74 494.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.64 494.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.54 494.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 419.61 494.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 455.79 494.10 Td (future ) Tj ET Q q 0 0 0 rg BT 483.07 494.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 528.69 494.10 Td (earn-out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.82 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.64 482.10 Td (up ) Tj ET Q q 0 0 0 rg BT 114.13 482.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.39 482.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 149.38 482.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.28 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.77 482.10 Td (based ) Tj ET Q q 0 0 0 rg BT 206.03 482.10 Td (on ) Tj ET Q q 0 0 0 rg BT 218.52 482.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 247.65 482.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 285.68 482.10 Td (over ) Tj ET Q q 0 0 0 rg BT 305.94 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.64 482.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.57 482.10 Td (thirty-eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.56 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.05 482.10 Td (month ) Tj ET Q q 0 0 0 rg BT 443.10 482.10 Td (period ) Tj ET Q q 0 0 0 rg BT 471.14 482.10 Td (following ) Tj ET Q q 0 0 0 rg BT 512.51 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.22 482.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 482.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (date ) Tj ET Q q 0 0 0 rg BT 68.71 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.10 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.38 470.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.82 470.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 161.38 470.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.27 470.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.33 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.72 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.00 470.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 248.50 470.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 268.33 470.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 324.26 470.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.99 470.10 Td (being ) Tj ET Q q 0 0 0 rg BT 357.26 470.10 Td (held ) Tj ET Q q 0 0 0 rg BT 376.54 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.38 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 397.88 470.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 428.25 470.10 Td (account ) Tj ET Q q 0 0 0 rg BT 461.41 470.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.13 470.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.40 470.10 Td (thirty-eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.39 470.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.45 470.10 Td (month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.87 458.10 Td (following ) Tj ET Q q 0 0 0 rg BT 119.08 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.62 458.10 Td (ef) Tj ET Q q 0 0 0 rg BT 141.20 458.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 170.73 458.10 Td (date ) Tj ET Q q 0 0 0 rg BT 189.70 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.36 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.90 458.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 261.10 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.20 458.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 299.62 458.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.94 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.47 458.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 368.22 458.10 Td (business ) Tj ET Q q 0 0 0 rg BT 404.43 458.10 Td (achieves ) Tj ET Q q 0 0 0 rg BT 441.18 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.72 458.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 496.93 458.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 535.35 458.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (net ) Tj ET Q q 0 0 0 rg BT 65.14 446.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 99.71 446.10 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 142.35 446.10 Td (which ) Tj ET Q q 0 0 0 rg BT 169.71 446.10 Td (if ) Tj ET Q q 0 0 0 rg BT 178.75 446.10 Td (not ) Tj ET Q q 0 0 0 rg BT 194.45 446.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 232.90 446.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.38 446.10 Td (result ) Tj ET Q q 0 0 0 rg BT 276.52 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.23 446.10 Td (said ) Tj ET Q q 0 0 0 rg BT 306.26 446.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 331.40 446.10 Td (being ) Tj ET Q q 0 0 0 rg BT 356.54 446.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 392.78 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.49 446.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 427.59 446.10 Td (The ) Tj ET Q q 0 0 0 rg BT 446.06 446.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 486.19 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.55 446.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.02 446.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 92.13 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.49 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.22 434.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 147.79 434.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.38 434.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 228.73 434.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 278.09 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.23 434.10 Td (will ) Tj ET Q q 0 0 0 rg BT 313.48 434.10 Td (be ) Tj ET Q q 0 0 0 rg BT 325.63 434.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 363.31 434.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.34 434.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 395.93 434.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.96 434.10 Td (practicable ) Tj ET Q q 0 0 0 rg BT 453.52 434.10 Td (but ) Tj ET Q q 0 0 0 rg BT 469.00 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.48 434.10 Td (no ) Tj ET Q q 0 0 0 rg BT 492.18 434.10 Td (event ) Tj ET Q q 0 0 0 rg BT 516.54 434.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 544.79 434.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (one ) Tj ET Q q 0 0 0 rg BT 66.94 422.10 Td (year) Tj ET Q q 0 0 0 rg BT 83.59 422.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 136.74 400.10 Td (JV) Tj ET Q q 0 0 0 rg BT 148.78 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.62 400.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.95 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.79 400.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 165.05 400.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.10 400.10 Td (July ) Tj ET Q q 0 0 0 rg BT 212.61 400.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 221.95 400.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 243.79 400.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 264.52 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.80 400.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 299.87 400.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 327.82 400.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 365.20 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.48 400.10 Td (Call ) Tj ET Q q 0 0 0 rg BT 389.99 400.10 Td (Notice ) Tj ET Q q 0 0 0 rg BT 418.48 400.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 464.47 400.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 500.74 400.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 521.47 400.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.20 388.10 Td (common ) Tj ET Q q 0 0 0 rg BT 129.41 388.10 Td (units ) Tj ET Q q 0 0 0 rg BT 151.07 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.06 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.48 388.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 223.24 388.10 Td (JV) Tj ET Q q 0 0 0 rg BT 234.17 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.38 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.03 388.10 Td (IHC ) Tj ET Q q 0 0 0 rg BT 277.46 388.10 Td (constituting ) Tj ET Q q 0 0 0 rg BT 326.89 388.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 355.20 388.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 386.83 388.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.16 388.10 Td (1) Tj ET Q q 0 0 0 rg BT 394.79 388.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.12 388.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 413.66 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.21 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.63 388.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 486.39 388.10 Td (JV) Tj ET Q q 0 0 0 rg BT 497.32 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.53 388.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 388.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 533.11 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 71.71 376.10 Td (which ) Tj ET Q q 0 0 0 rg BT 100.09 376.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 135.69 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.42 376.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 170.25 376.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 204.75 376.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.13 376.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 260.94 376.10 Td (fifty-one ) Tj ET Q q 0 0 0 rg BT 299.86 376.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 333.23 376.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.56 376.10 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.89 376.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 362.17 376.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 409.99 376.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.93 376.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 472.31 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.03 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.19 376.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 549.68 376.10 Td (JV) Tj ET Q q 0 0 0 rg BT 559.50 376.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Previously) Tj ET Q q 0 0 0 rg BT 92.13 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 96.46 364.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.05 364.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 133.08 364.10 Td (September ) Tj ET Q q 0 0 0 rg BT 177.67 364.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 187.00 364.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 208.83 364.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 229.54 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.81 364.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 303.16 364.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 341.66 364.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 391.81 364.10 Td (\("IHC"\) ) Tj ET Q q 0 0 0 rg BT 425.69 364.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 456.39 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.66 364.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 482.82 364.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 514.64 364.10 Td (named ) Tj ET Q q 0 0 0 rg BT 543.12 364.10 Td (Ebix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 80.11 352.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 122.98 352.10 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 165.61 352.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 187.94 352.10 Td (\("EbixHealth ) Tj ET Q q 0 0 0 rg BT 244.35 352.10 Td (JV"\). ) Tj ET Q q 0 0 0 rg BT 268.83 352.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 291.17 352.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.84 352.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 332.79 352.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.68 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.13 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.02 352.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 432.02 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.91 352.10 Td (license ) Tj ET Q q 0 0 0 rg BT 471.12 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.35 352.10 Td (use ) Tj ET Q q 0 0 0 rg BT 499.14 352.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 529.79 352.10 Td (CurePet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.95 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.92 340.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 138.11 340.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 167.30 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 179.82 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.56 340.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 242.63 340.10 Td (JV) Tj ET Q q 0 0 0 rg BT 253.56 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.09 340.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.83 340.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 285.86 340.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.75 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 319.78 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.96 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 345.94 340.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.79 340.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.12 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.65 340.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 444.61 340.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.57 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.87 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.61 340.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 549.68 340.10 Td (JV) Tj ET Q q 0 0 0 rg BT 559.51 340.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 328.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 107.83 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.81 328.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 162.89 328.10 Td (price ) Tj ET Q q 0 0 0 rg BT 185.41 328.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 227.38 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.58 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.33 328.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 304.41 328.10 Td (JV) Tj ET Q q 0 0 0 rg BT 315.34 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.88 328.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 364.30 328.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 398.49 328.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 447.68 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.66 328.10 Td (will ) Tj ET Q q 0 0 0 rg BT 482.75 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.73 328.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 532.25 328.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.23 328.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (June ) Tj ET Q q 0 0 0 rg BT 70.83 316.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 85.83 316.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 294.10 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 116.20 294.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 134.17 294.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.09 294.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 148.35 294.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 177.13 294.10 Td (November ) Tj ET Q q 0 0 0 rg BT 220.92 294.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 230.01 294.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 251.59 294.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 272.06 294.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 308.07 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.87 294.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.79 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.70 294.10 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 385.23 294.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 404.58 294.10 Td (d.b.a ) Tj ET Q q 0 0 0 rg BT 425.61 294.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 448.85 294.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 477.09 294.10 Td (\("Hope"\), ) Tj ET Q q 0 0 0 rg BT 517.66 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.68 294.10 Td (Michigan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 98.12 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.59 282.10 Td (publisher ) Tj ET Q q 0 0 0 rg BT 153.83 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.19 282.10 Td (health ) Tj ET Q q 0 0 0 rg BT 190.65 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.12 282.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 243.58 282.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 288.39 282.10 Td (education ) Tj ET Q q 0 0 0 rg BT 329.29 282.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 368.25 282.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 389.17 282.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 425.62 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.86 282.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 465.22 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.69 282.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 528.14 282.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 270.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 84.97 270.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.13 270.10 Td ($1.72 ) Tj ET Q q 0 0 0 rg BT 124.12 270.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.01 270.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 270.10 Td (The ) Tj ET Q q 0 0 0 rg BT 175.86 270.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 215.56 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.49 270.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 270.52 270.10 Td (price ) Tj ET Q q 0 0 0 rg BT 293.00 270.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 334.92 270.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.07 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.78 270.10 Td (Hope ) Tj ET Q q 0 0 0 rg BT 387.93 270.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 434.30 270.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 468.45 270.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 517.59 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.52 270.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 270.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 87.48 258.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 109.42 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.70 258.10 Td (June ) Tj ET Q q 0 0 0 rg BT 140.53 258.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 155.53 258.10 Td (2017.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 234.53505859375002 m 123.2568359375 234.53505859375002 l s q 0 0 0 rg BT 50.00 236.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.13 236.10 Td (Acquisitions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 214.10 Td (V) Tj ET Q q 0 0 0 rg BT 78.62 214.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 89.83 214.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 119.37 214.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 151.14 214.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.91 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 176.89 214.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.21 214.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.82 214.10 Td (V) Tj ET Q q 0 0 0 rg BT 263.44 214.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 274.09 214.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 303.07 214.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 333.16 214.10 Td (Communications ) Tj ET Q q 0 0 0 rg BT 404.92 214.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 436.68 214.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 471.78 214.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 485.81 214.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 496.46 214.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 525.44 214.10 Td (Health"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 202.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.02 202.10 Td (March ) Tj ET Q q 0 0 0 rg BT 115.34 202.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 125.07 202.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 149.63 202.10 Td (V) Tj ET Q q 0 0 0 rg BT 156.25 202.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 165.69 202.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 193.47 202.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 222.35 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.24 202.10 Td (one ) Tj ET Q q 0 0 0 rg BT 247.91 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.46 202.10 Td (India) Tj ET Q q 0 0 0 rg BT 281.79 202.10 Td (s ) Tj ET Q q 0 0 0 rg BT 287.90 202.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 319.56 202.10 Td (health ) Tj ET Q q 0 0 0 rg BT 346.22 202.10 Td (content ) Tj ET Q q 0 0 0 rg BT 377.88 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.55 202.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 458.98 202.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 506.47 202.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 527.58 202.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.62 190.10 Td (ia ) Tj ET Q q 0 0 0 rg BT 66.50 190.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 94.71 190.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 124.04 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.36 190.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 170.46 190.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.90 190.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 247.43 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.88 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.76 190.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.42 190.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.42 190.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 336.58 190.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.47 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.64 190.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 389.97 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.08 190.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 432.52 190.10 Td (future ) Tj ET Q q 0 0 0 rg BT 459.06 190.10 Td (one ) Tj ET Q q 0 0 0 rg BT 476.16 190.10 Td (time ) Tj ET Q q 0 0 0 rg BT 496.60 190.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 541.48 190.10 Td (earn- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (out ) Tj ET Q q 0 0 0 rg BT 65.39 178.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 102.43 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.36 178.10 Td (up ) Tj ET Q q 0 0 0 rg BT 125.97 178.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.36 178.10 Td ($372 ) Tj ET Q q 0 0 0 rg BT 158.96 178.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.07 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.68 178.10 Td (based ) Tj ET Q q 0 0 0 rg BT 223.06 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.66 178.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 264.92 178.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 303.06 178.10 Td (over ) Tj ET Q q 0 0 0 rg BT 323.44 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.26 178.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 385.31 178.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 414.57 178.10 Td (month ) Tj ET Q q 0 0 0 rg BT 442.73 178.10 Td (period ) Tj ET Q q 0 0 0 rg BT 470.89 178.10 Td (following ) Tj ET Q q 0 0 0 rg BT 512.38 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.21 178.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.79 178.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (date ) Tj ET Q q 0 0 0 rg BT 68.43 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.53 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.52 166.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 140.68 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.89 166.10 Td (an ) Tj ET Q q 0 0 0 rg BT 168.10 166.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 209.87 166.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 244.42 166.10 Td (one ) Tj ET Q q 0 0 0 rg BT 260.63 166.10 Td (time ) Tj ET Q q 0 0 0 rg BT 280.18 166.10 Td (future ) Tj ET Q q 0 0 0 rg BT 305.83 166.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 358.13 166.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 383.79 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.90 166.10 Td (up ) Tj ET Q q 0 0 0 rg BT 405.67 166.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.22 166.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 434.50 166.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.39 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.16 166.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 508.59 166.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 530.37 166.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.58 154.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 114.48 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.51 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.98 154.10 Td (business ) Tj ET Q q 0 0 0 rg BT 175.12 154.10 Td (over ) Tj ET Q q 0 0 0 rg BT 195.15 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.62 154.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.31 154.10 Td (twenty-four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.52 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.77 154.10 Td (month ) Tj ET Q q 0 0 0 rg BT 333.58 154.10 Td (period ) Tj ET Q q 0 0 0 rg BT 361.38 154.10 Td (following ) Tj ET Q q 0 0 0 rg BT 402.52 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.99 154.10 Td (ef) Tj ET Q q 0 0 0 rg BT 424.58 154.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 454.03 154.10 Td (date ) Tj ET Q q 0 0 0 rg BT 472.94 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.53 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.00 154.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 546.47 154.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.56 142.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 134.76 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.10 142.10 Td (this ) Tj ET Q q 0 0 0 rg BT 166.22 142.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 212.77 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.44 142.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.43 142.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 286.60 142.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.17 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.17 142.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.90 142.10 Td ($383 ) Tj ET Q q 0 0 0 rg BT 392.57 142.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.68 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.35 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.35 142.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 485.02 142.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 511.02 142.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 554.23 142.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.19 130.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 145.32 130.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.29 130.10 Td ($101 ) Tj ET Q q 0 0 0 rg BT 184.82 130.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.93 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.46 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.32 130.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 276.84 130.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 302.70 130.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 345.77 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.08 130.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 393.04 130.10 Td (technology) Tj ET Q q 0 0 0 rg BT 436.82 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.67 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.75 130.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.17 130.10 Td (has ) Tj ET Q q 0 0 0 rg BT 517.03 130.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.21 118.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 98.59 118.10 Td (value ) Tj ET Q q 0 0 0 rg BT 122.74 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.57 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.29 118.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 193.00 118.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 228.82 118.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 285.19 118.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.24 118.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.45 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.95 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.78 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.61 118.10 Td (December ) Tj ET Q q 0 0 0 rg BT 388.19 118.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 403.19 118.10 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 96.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 88.25 96.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 124.00 96.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 96.10 Td (The ) Tj ET Q q 0 0 0 rg BT 148.83 96.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.69 96.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 228.09 96.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 243.29 96.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 282.10 96.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 300.35 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.76 96.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 332.96 96.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 369.28 96.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 400.58 96.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 435.21 96.10 Td (\(together ) Tj ET Q q 0 0 0 rg BT 474.28 96.10 Td (being ) Tj ET Q q 0 0 0 rg BT 499.47 96.10 Td ("PB ) Tj ET Q q 0 0 0 rg BT 518.75 96.10 Td (Systems"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 84.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.06 84.10 Td (June ) Tj ET Q q 0 0 0 rg BT 107.67 84.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 117.44 84.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 142.22 84.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 156.72 84.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 192.34 84.10 Td (develops ) Tj ET Q q 0 0 0 rg BT 230.16 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.87 84.10 Td (implements ) Tj ET Q q 0 0 0 rg BT 295.81 84.10 Td (software ) Tj ET Q q 0 0 0 rg BT 332.51 84.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 370.90 84.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.84 84.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 425.43 84.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 456.30 84.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 477.47 84.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 514.16 84.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 528.67 84.10 Td (Systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.62 72.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 97.02 72.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.75 72.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 174.58 72.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.32 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 72.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.46 72.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.75 72.10 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 270.21 72.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.10 72.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.57 72.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 324.20 72.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 359.94 72.10 Td (future ) Tj ET Q q 0 0 0 rg BT 386.77 72.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 431.95 72.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 468.23 72.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 509.51 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.80 72.10 Td (up ) Tj ET Q q 0 0 0 rg BT 533.76 72.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.50 72.10 Td ($8.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 60.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.59 60.10 Td (based ) Tj ET Q q 0 0 0 rg BT 107.07 60.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.77 60.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 149.12 60.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 187.36 60.10 Td (over ) Tj ET Q q 0 0 0 rg BT 207.83 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.75 60.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.89 60.10 Td (twenty-four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.09 60.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.80 60.10 Td (month ) Tj ET Q q 0 0 0 rg BT 348.06 60.10 Td (period ) Tj ET Q q 0 0 0 rg BT 376.31 60.10 Td (following ) Tj ET Q q 0 0 0 rg BT 417.90 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.81 60.10 Td (ef) Tj ET Q q 0 0 0 rg BT 440.40 60.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 470.31 60.10 Td (date ) Tj ET Q q 0 0 0 rg BT 489.67 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.70 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.62 60.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.62 48.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.59 48.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 141.77 48.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 184.38 48.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.12 48.10 Td (this ) Tj ET Q q 0 0 0 rg BT 214.64 48.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 260.60 48.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.68 48.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.07 48.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 332.65 48.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.54 48.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.61 48.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.02 48.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 414.15 48.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.67 48.10 Td ($10.3 ) Tj ET Q q 0 0 0 rg BT 455.25 48.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.14 48.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.21 48.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.62 48.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 538.69 48.10 Td (assets ) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 93.85 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.93 742.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 144.89 742.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 201.80 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 213.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.95 742.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 276.84 742.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 301.81 742.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 325.67 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.63 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.16 742.10 Td (year ) Tj ET Q q 0 0 0 rg BT 376.67 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 403.85 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 448.24 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.04 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 489.85 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.37 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 90.73 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 109.24 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.97 730.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 165.70 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.65 730.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 222.70 730.10 Td (price ) Tj ET Q q 0 0 0 rg BT 246.20 730.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 289.15 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.32 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.05 730.10 Td (PB ) Tj ET Q q 0 0 0 rg BT 335.80 730.10 Td (Systems ) Tj ET Q q 0 0 0 rg BT 372.65 730.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 420.05 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 439.12 730.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 489.28 730.10 Td (because ) Tj ET Q q 0 0 0 rg BT 524.44 730.10 Td (all ) Tj ET Q q 0 0 0 rg BT 537.95 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 100.64 718.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 142.93 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.13 718.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 197.54 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.18 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 230.48 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 255.56 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.31 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.95 718.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 320.80 718.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 360.88 718.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 411.52 718.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 454.93 718.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 477.79 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.66 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 512.96 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 538.04 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (revenue-based ) Tj ET Q q 0 0 0 rg BT 109.73 706.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 145.02 706.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 189.22 706.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 222.31 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 239.84 706.10 Td (still ) Tj ET Q q 0 0 0 rg BT 256.83 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.59 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 706.10 Td (process ) Tj ET Q q 0 0 0 rg BT 312.76 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.08 706.10 Td (being ) Tj ET Q q 0 0 0 rg BT 347.28 706.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 387.57 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.55 706.10 Td (management ) Tj ET Q q 0 0 0 rg BT 452.62 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.04 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 706.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 529.80 706.10 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.10 694.10 Td (firms. ) Tj ET Q q 0 0 0 rg BT 114.47 694.10 Td (This ) Tj ET Q q 0 0 0 rg BT 134.14 694.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 177.68 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 195.12 694.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 238.66 694.10 Td (during ) Tj ET Q q 0 0 0 rg BT 266.66 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.77 694.10 Td (second ) Tj ET Q q 0 0 0 rg BT 310.43 694.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 340.63 694.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 366.40 694.10 Td (June ) Tj ET Q q 0 0 0 rg BT 386.62 694.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 401.02 694.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 422.91 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.24 694.10 Td (based ) Tj ET Q q 0 0 0 rg BT 463.90 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.79 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 492.13 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.23 694.10 Td (final ) Tj ET Q q 0 0 0 rg BT 526.45 694.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.42 682.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 108.38 682.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 133.69 682.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 176.21 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.97 682.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 224.60 682.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 277.68 682.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 314.63 682.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.04 682.10 Td ($1) Tj ET Q q 0 0 0 rg BT 345.67 682.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 360.15 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.04 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.02 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.43 682.10 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 426.91 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 460.28 682.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 507.94 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.27 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 529.80 682.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.91 670.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 100.47 670.10 Td (were ) Tj ET Q q 0 0 0 rg BT 121.81 670.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.16 670.10 Td ($\(8.2\) ) Tj ET Q q 0 0 0 rg BT 154.24 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.13 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.04 670.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 224.71 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.40 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.53 670.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 287.10 670.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 336.22 670.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 378.13 670.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 401.98 670.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.33 670.10 Td ($\(3.2\) ) Tj ET Q q 0 0 0 rg BT 434.40 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.29 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.20 670.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 504.88 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.57 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 670.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.15 658.10 Td (liability) Tj ET Q q 0 0 0 rg BT 95.61 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 101.05 658.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.42 658.10 Td ($\(664\) ) Tj ET Q q 0 0 0 rg BT 138.02 658.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.13 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.06 658.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 217.76 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.48 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.63 658.10 Td (revenue-based ) Tj ET Q q 0 0 0 rg BT 304.31 658.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 340.56 658.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 385.71 658.10 Td (liability) Tj ET Q q 0 0 0 rg BT 416.17 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 421.60 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.98 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.35 658.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 506.50 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.87 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 532.02 658.10 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 69.49 646.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.38 646.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 135.12 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.89 646.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 184.80 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.34 646.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.22 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 258.54 646.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 305.51 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.50 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.71 646.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 352.58 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 376.22 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.55 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.75 646.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 444.96 646.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 480.27 646.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 536.13 646.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.79 646.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 634.10 Td (December ) Tj ET Q q 0 0 0 rg BT 115.24 634.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 130.24 634.10 Td (2016. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 610.53505859375 m 123.2568359375 610.53505859375 l s q 0 0 0 rg BT 50.00 612.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 72.13 612.10 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 588.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 122.68 588.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.81 588.10 Td (On ) Tj ET Q q 0 0 0 rg BT 143.83 588.10 Td (January ) Tj ET Q q 0 0 0 rg BT 177.73 588.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 193.03 588.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 218.32 588.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 240.01 588.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 277.23 588.10 Td (CurePet. ) Tj ET Q q 0 0 0 rg BT 314.75 588.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 349.76 588.10 Td (was ) Tj ET Q q 0 0 0 rg BT 368.11 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.35 588.10 Td (developmental-stage ) Tj ET Q q 0 0 0 rg BT 460.89 588.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 503.11 588.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.90 588.10 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.32 576.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 103.53 576.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 144.17 576.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.05 576.10 Td (connects ) Tj ET Q q 0 0 0 rg BT 199.92 576.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 215.02 576.10 Td (owners, ) Tj ET Q q 0 0 0 rg BT 249.29 576.10 Td (referring ) Tj ET Q q 0 0 0 rg BT 287.15 576.10 Td (veterinarians, ) Tj ET Q q 0 0 0 rg BT 344.17 576.10 Td (animal ) Tj ET Q q 0 0 0 rg BT 374.27 576.10 Td (hospitals, ) Tj ET Q q 0 0 0 rg BT 415.21 576.10 Td (academic ) Tj ET Q q 0 0 0 rg BT 455.85 576.10 Td (institutes, ) Tj ET Q q 0 0 0 rg BT 497.35 576.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.67 576.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 553.67 576.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 83.88 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.56 564.10 Td (general ) Tj ET Q q 0 0 0 rg BT 132.21 564.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 146.67 564.10 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 184.18 564.10 Td (while ) Tj ET Q q 0 0 0 rg BT 208.63 564.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 249.75 564.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.42 564.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 278.09 564.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 308.09 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.65 564.10 Td (services ) Tj ET Q q 0 0 0 rg BT 353.10 564.10 Td (related ) Tj ET Q q 0 0 0 rg BT 382.53 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.54 564.10 Td (pet ) Tj ET Q q 0 0 0 rg BT 406.99 564.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 447.54 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.56 564.10 Td (each ) Tj ET Q q 0 0 0 rg BT 478.11 564.10 Td (constituent ) Tj ET Q q 0 0 0 rg BT 524.22 564.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 83.70 552.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 139.35 552.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 180.83 552.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 214.54 552.10 Td (records, ) Tj ET Q q 0 0 0 rg BT 248.53 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.03 552.10 Td (billing. ) Tj ET Q q 0 0 0 rg BT 295.70 552.10 Td (Previously ) Tj ET Q q 0 0 0 rg BT 340.54 552.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 361.49 552.10 Td (had ) Tj ET Q q 0 0 0 rg BT 377.99 552.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.49 552.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 404.05 552.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.94 552.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.00 552.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 471.50 552.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 517.45 552.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.29 552.10 Td (CurePet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 70.94 540.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 107.41 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.67 540.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 146.48 540.10 Td (business ) Tj ET Q q 0 0 0 rg BT 182.42 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.80 540.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 227.07 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.89 540.10 Td (an ) Tj ET Q q 0 0 0 rg BT 248.38 540.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 269.87 540.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 307.45 540.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 351.14 540.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.97 540.10 Td (total ) Tj ET Q q 0 0 0 rg BT 390.79 540.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 428.38 540.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 484.30 540.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.56 540.10 Td ($6.35 ) Tj ET Q q 0 0 0 rg BT 533.11 540.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.23 528.10 Td (included ) Tj ET Q q 0 0 0 rg BT 114.45 528.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.67 528.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 157.24 528.10 Td (future ) Tj ET Q q 0 0 0 rg BT 183.91 528.10 Td (one ) Tj ET Q q 0 0 0 rg BT 201.13 528.10 Td (time ) Tj ET Q q 0 0 0 rg BT 221.69 528.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 266.69 528.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 299.47 528.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.69 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.81 528.10 Td (up ) Tj ET Q q 0 0 0 rg BT 360.60 528.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.16 528.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 391.45 528.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.34 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.13 528.10 Td (based ) Tj ET Q q 0 0 0 rg BT 448.69 528.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.47 528.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 490.91 528.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 529.23 528.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 528.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.36 516.10 Td (thirty-six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.02 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.94 516.10 Td (month ) Tj ET Q q 0 0 0 rg BT 165.41 516.10 Td (period ) Tj ET Q q 0 0 0 rg BT 193.88 516.10 Td (following ) Tj ET Q q 0 0 0 rg BT 235.68 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.82 516.10 Td (ef) Tj ET Q q 0 0 0 rg BT 258.40 516.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 288.52 516.10 Td (date ) Tj ET Q q 0 0 0 rg BT 308.10 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.34 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.48 516.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 383.57 516.10 Td (This ) Tj ET Q q 0 0 0 rg BT 404.26 516.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 449.39 516.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 482.29 516.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 516.32 516.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.91 516.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.02 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.50 504.10 Td (have ) Tj ET Q q 0 0 0 rg BT 123.07 504.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.21 504.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 146.79 504.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.14 504.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.17 504.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.38 504.10 Td (. ) Tj ET Q q 0 0 0 rg BT 203.98 504.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 249.45 504.10 Td (required ) Tj ET Q q 0 0 0 rg BT 285.47 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.94 504.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 362.51 504.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.54 504.10 Td ($1.35 ) Tj ET Q q 0 0 0 rg BT 398.74 504.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.63 504.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.33 504.10 Td (was ) Tj ET Q q 0 0 0 rg BT 448.58 504.10 Td (of) Tj ET Q q 0 0 0 rg BT 456.73 504.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 473.87 504.10 Td (against ) Tj ET Q q 0 0 0 rg BT 504.89 504.10 Td (open ) Tj ET Q q 0 0 0 rg BT 527.03 504.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 94.03 492.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 131.40 492.10 Td (due ) Tj ET Q q 0 0 0 rg BT 148.78 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.51 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 492.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.50 492.10 Td (from ) Tj ET Q q 0 0 0 rg BT 238.89 492.10 Td (CurePet, ) Tj ET Q q 0 0 0 rg BT 276.55 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.94 492.10 Td (no ) Tj ET Q q 0 0 0 rg BT 306.88 492.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 333.70 492.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.42 492.10 Td (outlay ) Tj ET Q q 0 0 0 rg BT 382.36 492.10 Td (was ) Tj ET Q q 0 0 0 rg BT 400.86 492.10 Td (made ) Tj ET Q q 0 0 0 rg BT 425.46 492.10 Td (by ) Tj ET Q q 0 0 0 rg BT 438.41 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.57 492.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 475.41 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.01 492.10 Td (full ) Tj ET Q q 0 0 0 rg BT 506.85 492.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 553.67 492.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (CurePet. ) Tj ET Q q 0 0 0 rg BT 87.35 480.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 108.87 480.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 157.05 480.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 186.88 480.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 222.30 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.26 480.10 Td (its ) Tj ET Q q 0 0 0 rg BT 245.34 480.10 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 280.20 480.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 329.21 480.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 358.50 480.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.14 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.99 480.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 434.16 480.10 Td (JV) Tj ET Q q 0 0 0 rg BT 445.10 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.73 480.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.58 480.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 477.71 480.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.61 480.10 Td (; ) Tj ET Q q 0 0 0 rg BT 512.02 480.10 Td (see ) Tj ET Q q 0 0 0 rg BT 527.42 480.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 549.49 480.10 Td (18, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td ("Investment ) Tj ET Q q 0 0 0 rg BT 101.02 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.29 468.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 133.06 468.10 Td (V) Tj ET Q q 0 0 0 rg BT 139.17 468.10 Td (enture".) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 444.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 135.82 444.10 Td (Magic) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.93 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.42 444.10 Td (-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 166.75 444.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.24 444.10 Td (On ) Tj ET Q q 0 0 0 rg BT 181.95 444.10 Td (May ) Tj ET Q q 0 0 0 rg BT 201.77 444.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 215.75 444.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 239.74 444.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 260.12 444.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 296.03 444.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 343.05 444.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 370.09 444.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 399.90 444.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 433.05 444.10 Td (\("HealthCare ) Tj ET Q q 0 0 0 rg BT 487.48 444.10 Td (Magic"\), ) Tj ET Q q 0 0 0 rg BT 524.43 444.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.35 444.10 Td (medical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 87.05 432.10 Td (service ) Tj ET Q q 0 0 0 rg BT 117.98 432.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.37 432.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.42 432.10 Td (online ) Tj ET Q q 0 0 0 rg BT 178.02 432.10 Td (network ) Tj ET Q q 0 0 0 rg BT 213.40 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.34 432.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.71 432.10 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 313.42 432.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 352.14 432.10 Td (General ) Tj ET Q q 0 0 0 rg BT 386.40 432.10 Td (Physicians ) Tj ET Q q 0 0 0 rg BT 431.79 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.83 432.10 Td (Sur) Tj ET Q q 0 0 0 rg BT 462.55 432.10 Td (geons ) Tj ET Q q 0 0 0 rg BT 488.49 432.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 517.20 432.10 Td (across ) Tj ET Q q 0 0 0 rg BT 544.80 432.10 Td (fifty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (specialties ) Tj ET Q q 0 0 0 rg BT 95.18 420.10 Td (including ) Tj ET Q q 0 0 0 rg BT 136.48 420.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 182.20 420.10 Td (medicine. ) Tj ET Q q 0 0 0 rg BT 224.63 420.10 Td (The ) Tj ET Q q 0 0 0 rg BT 243.70 420.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.12 420.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 324.07 420.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 373.13 420.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 402.20 420.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.39 420.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 459.78 420.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.08 420.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 538.48 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 420.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.58 408.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.49 408.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 110.57 408.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.46 408.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.04 408.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 159.30 408.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.32 408.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 199.68 408.10 Td (future ) Tj ET Q q 0 0 0 rg BT 225.14 408.10 Td (one ) Tj ET Q q 0 0 0 rg BT 241.16 408.10 Td (time ) Tj ET Q q 0 0 0 rg BT 260.51 408.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 304.31 408.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 335.87 408.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 371.89 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.80 408.10 Td (up ) Tj ET Q q 0 0 0 rg BT 393.38 408.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.74 408.10 Td ($12.36 ) Tj ET Q q 0 0 0 rg BT 431.83 408.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.72 408.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.30 408.10 Td (based ) Tj ET Q q 0 0 0 rg BT 486.65 408.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.23 408.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 526.46 408.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (over ) Tj ET Q q 0 0 0 rg BT 70.25 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.95 396.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.87 396.10 Td (twenty-four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.08 396.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.56 396.10 Td (month ) Tj ET Q q 0 0 0 rg BT 209.60 396.10 Td (period ) Tj ET Q q 0 0 0 rg BT 237.63 396.10 Td (following ) Tj ET Q q 0 0 0 rg BT 279.00 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.70 396.10 Td (ef) Tj ET Q q 0 0 0 rg BT 301.29 396.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 330.97 396.10 Td (date ) Tj ET Q q 0 0 0 rg BT 350.11 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.93 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.63 396.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 424.31 396.10 Td (This ) Tj ET Q q 0 0 0 rg BT 444.57 396.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 489.27 396.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 521.73 396.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 555.33 396.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.09 384.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 128.41 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.19 384.10 Td (have ) Tj ET Q q 0 0 0 rg BT 159.06 384.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 384.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.71 384.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.71 384.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.58 384.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 226.59 384.10 Td (The ) Tj ET Q q 0 0 0 rg BT 244.14 384.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.02 384.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 314.79 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.00 384.10 Td (HealthCare ) Tj ET Q q 0 0 0 rg BT 376.53 384.10 Td (Magic ) Tj ET Q q 0 0 0 rg BT 404.08 384.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 449.96 384.10 Td (from ) Tj ET Q q 0 0 0 rg BT 471.40 384.10 Td (available ) Tj ET Q q 0 0 0 rg BT 509.48 384.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 529.25 384.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.58 372.10 Td (hand. ) Tj ET Q q 0 0 0 rg BT 86.91 372.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.04 372.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.51 372.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 189.62 372.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.86 372.10 Td (this ) Tj ET Q q 0 0 0 rg BT 220.89 372.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 267.35 372.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.93 372.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.83 372.10 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 340.91 372.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.38 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.29 372.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.93 372.10 Td ($452 ) Tj ET Q q 0 0 0 rg BT 446.51 372.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.62 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.20 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.11 372.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 538.68 372.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 94.24 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.73 360.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 146.08 360.10 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.39 360.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 227.09 360.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.20 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.90 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.94 360.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 322.63 360.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.66 360.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 393.91 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.39 360.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 443.51 360.10 Td (technology) Tj ET Q q 0 0 0 rg BT 487.30 360.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 360.10 Td ($59 ) Tj ET Q q 0 0 0 rg BT 512.20 360.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.31 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 552.01 360.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 93.37 348.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.09 348.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 164.01 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.18 348.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 222.98 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.81 348.10 Td (tradenames, ) Tj ET Q q 0 0 0 rg BT 292.22 348.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.04 348.10 Td ($226 ) Tj ET Q q 0 0 0 rg BT 333.43 348.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.54 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.92 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.63 348.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 428.01 348.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.72 348.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 498.65 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.81 348.10 Td (non-compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 312.10 Td (V) Tj ET Q q 0 0 0 rg BT 91.56 312.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 114.15 312.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.51 312.10 Td (On) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.74 312.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.77 312.10 Td (November ) Tj ET Q q 0 0 0 rg BT 178.02 312.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 187.56 312.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 212.09 312.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 233.02 312.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 269.33 312.10 Td (V) Tj ET Q q 0 0 0 rg BT 275.44 312.10 Td (ertex, ) Tj ET Q q 0 0 0 rg BT 299.97 312.10 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 353.09 312.10 Td (\("V) Tj ET Q q 0 0 0 rg BT 366.61 312.10 Td (ertex"\), ) Tj ET Q q 0 0 0 rg BT 398.55 312.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.37 312.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.84 312.10 Td (ef) Tj ET Q q 0 0 0 rg BT 437.43 312.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 466.67 312.10 Td (date ) Tj ET Q q 0 0 0 rg BT 485.36 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.73 312.10 Td (October ) Tj ET Q q 0 0 0 rg BT 529.97 312.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 539.51 312.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 564.51 312.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.74 300.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.14 300.10 Td (share ) Tj ET Q q 0 0 0 rg BT 92.21 300.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 130.71 300.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 175.31 300.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.94 300.10 Td (total ) Tj ET Q q 0 0 0 rg BT 210.67 300.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.41 300.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 269.91 300.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 326.74 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.49 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.67 300.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.63 300.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.92 300.10 Td ($27.25 ) Tj ET Q q 0 0 0 rg BT 427.38 300.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.27 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.24 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.64 300.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.04 300.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 519.79 300.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 81.69 288.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.73 288.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 103.44 288.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.33 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.03 288.10 Td (based ) Tj ET Q q 0 0 0 rg BT 158.51 288.10 Td (on ) Tj ET Q q 0 0 0 rg BT 170.21 288.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 198.57 288.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 235.81 288.10 Td (over ) Tj ET Q q 0 0 0 rg BT 255.29 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.21 288.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 315.35 288.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 364.27 288.10 Td (month ) Tj ET Q q 0 0 0 rg BT 391.53 288.10 Td (period ) Tj ET Q q 0 0 0 rg BT 418.78 288.10 Td (following ) Tj ET Q q 0 0 0 rg BT 459.38 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.30 288.10 Td (date ) Tj ET Q q 0 0 0 rg BT 491.66 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.70 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.62 288.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 276.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 79.08 276.10 Td (is ) Tj ET Q q 0 0 0 rg BT 88.72 276.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.14 276.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 143.54 276.10 Td (software ) Tj ET Q q 0 0 0 rg BT 180.94 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.36 276.10 Td (services ) Tj ET Q q 0 0 0 rg BT 233.54 276.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 253.74 276.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 287.81 276.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 328.00 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.98 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.17 276.10 Td (life ) Tj ET Q q 0 0 0 rg BT 372.48 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.89 276.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 422.87 276.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 464.16 276.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 515.99 276.10 Td (since ) Tj ET Q q 0 0 0 rg BT 539.52 276.10 Td (1991. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 71.24 264.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 108.02 264.10 Td (all ) Tj ET Q q 0 0 0 rg BT 120.37 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.06 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.63 264.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 194.65 264.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.65 264.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 247.12 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.63 264.10 Td (V) Tj ET Q q 0 0 0 rg BT 263.74 264.10 Td (ertex ) Tj ET Q q 0 0 0 rg BT 286.08 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.88 264.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 333.00 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.57 264.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 385.47 264.10 Td (using ) Tj ET Q q 0 0 0 rg BT 409.49 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.28 264.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 434.20 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.88 264.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 477.78 264.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 497.90 264.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 533.01 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.81 264.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.14 252.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 95.60 252.10 Td (line ) Tj ET Q q 0 0 0 rg BT 112.29 252.10 Td (available ) Tj ET Q q 0 0 0 rg BT 150.07 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.55 252.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 182.51 252.10 Td (The ) Tj ET Q q 0 0 0 rg BT 199.75 252.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.34 252.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 282.57 252.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.92 252.10 Td (this ) Tj ET Q q 0 0 0 rg BT 312.07 252.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 357.65 252.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.34 252.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.35 252.10 Td ($27.7 ) Tj ET Q q 0 0 0 rg BT 433.55 252.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.44 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.14 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.17 252.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.92 252.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 533.12 252.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 240.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 102.14 240.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.38 240.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 169.83 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.52 240.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 218.08 240.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 273.59 240.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.94 240.10 Td ($235 ) Tj ET Q q 0 0 0 rg BT 311.85 240.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.96 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.87 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.11 240.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 402.01 240.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 427.25 240.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 469.70 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.38 240.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 515.72 240.10 Td (technology) Tj ET Q q 0 0 0 rg BT 559.50 240.10 Td (. ) Tj ET Q q 0 0 0 rg BT 564.50 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 569.50 240.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 228.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 228.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.26 228.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 172.74 228.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.24 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.96 228.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 221.33 228.10 Td (value ) Tj ET Q q 0 0 0 rg BT 245.49 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.32 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 228.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 315.75 228.10 Td (earn-out ) Tj ET Q q 0 0 0 rg BT 351.56 228.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 407.93 228.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 228.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.31 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.81 228.10 Td (as ) Tj ET Q q 0 0 0 rg BT 447.64 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.47 228.10 Td (December ) Tj ET Q q 0 0 0 rg BT 502.06 228.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.06 228.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 206.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 126.71 206.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.86 206.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 141.12 206.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 170.14 206.10 Td (December ) Tj ET Q q 0 0 0 rg BT 213.05 206.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 222.37 206.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 246.69 206.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 267.39 206.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 303.64 206.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 343.23 206.10 Td (Publishing, ) Tj ET Q q 0 0 0 rg BT 390.34 206.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 411.04 206.10 Td (\("Oakstone"\) ) Tj ET Q q 0 0 0 rg BT 465.46 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.05 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.31 206.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 532.57 206.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.34 194.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 132.78 194.10 Td (for ) Tj ET Q q 0 0 0 rg BT 147.24 194.10 Td (total ) Tj ET Q q 0 0 0 rg BT 167.82 194.10 Td (net ) Tj ET Q q 0 0 0 rg BT 182.84 194.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.41 194.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 260.08 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.66 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.68 194.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.48 194.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.61 194.10 Td ($23.72 ) Tj ET Q q 0 0 0 rg BT 359.91 194.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.60 194.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.93 194.10 Td ($31.37 ) Tj ET Q q 0 0 0 rg BT 425.24 194.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.13 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.93 194.10 Td (less ) Tj ET Q q 0 0 0 rg BT 474.73 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.97 194.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 513.66 194.10 Td (net ) Tj ET Q q 0 0 0 rg BT 528.68 194.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.94 182.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 125.12 182.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.74 182.10 Td ($7.65 ) Tj ET Q q 0 0 0 rg BT 160.53 182.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.42 182.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 197.54 182.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 237.60 182.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.56 182.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 278.29 182.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 314.46 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.08 182.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 370.14 182.10 Td (education, ) Tj ET Q q 0 0 0 rg BT 413.81 182.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 464.40 182.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 503.35 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 517.30 182.10 Td (physicians, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (dentists ) Tj ET Q q 0 0 0 rg BT 84.16 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.20 170.10 Td (allied ) Tj ET Q q 0 0 0 rg BT 128.01 170.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 172.70 170.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 231.57 170.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.50 170.10 Td (well ) Tj ET Q q 0 0 0 rg BT 264.32 170.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.25 170.10 Td (wellness ) Tj ET Q q 0 0 0 rg BT 314.29 170.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 355.65 170.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.92 170.10 Td (various ) Tj ET Q q 0 0 0 rg BT 403.96 170.10 Td (or) Tj ET Q q 0 0 0 rg BT 412.11 170.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 463.75 170.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 486.24 170.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 524.27 170.10 Td (all ) Tj ET Q q 0 0 0 rg BT 537.87 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 170.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.12 158.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 151.00 158.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 186.78 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.56 158.10 Td (Oakstone ) Tj ET Q q 0 0 0 rg BT 237.79 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.68 158.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 284.90 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.57 158.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 337.56 158.10 Td (using ) Tj ET Q q 0 0 0 rg BT 361.68 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.57 158.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 386.58 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.36 158.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 430.36 158.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.58 158.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 485.79 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.68 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.35 158.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.24 158.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (line ) Tj ET Q q 0 0 0 rg BT 66.37 146.10 Td (available ) Tj ET Q q 0 0 0 rg BT 103.83 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.98 146.10 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 135.64 146.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.56 146.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.82 146.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 234.73 146.10 Td (for ) Tj ET Q q 0 0 0 rg BT 247.76 146.10 Td (this ) Tj ET Q q 0 0 0 rg BT 263.59 146.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 308.84 146.10 Td (by ) Tj ET Q q 0 0 0 rg BT 320.21 146.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.90 146.10 Td ($28.8 ) Tj ET Q q 0 0 0 rg BT 383.78 146.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.67 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.04 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.75 146.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.18 146.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 482.05 146.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.94 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.31 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.02 146.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.98 134.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 117.17 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.60 134.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 164.90 134.10 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.16 134.10 Td ($501 ) Tj ET Q q 0 0 0 rg BT 241.81 134.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.91 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.56 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.54 134.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 331.18 134.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.16 134.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 398.35 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.78 134.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 443.85 134.10 Td (technology) Tj ET Q q 0 0 0 rg BT 487.64 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.79 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.88 134.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.96 134.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 533.11 134.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.81 122.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 119.95 122.10 Td (liability) Tj ET Q q 0 0 0 rg BT 150.41 122.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 100.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 95.96 100.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.46 100.10 Td (On ) Tj ET Q q 0 0 0 rg BT 115.86 100.10 Td (December ) Tj ET Q q 0 0 0 rg BT 159.13 100.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 168.80 100.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 193.48 100.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 214.54 100.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 251.15 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.54 100.10 Td (DCM ) Tj ET Q q 0 0 0 rg BT 290.50 100.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 318.23 100.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 335.68 100.10 Td (\(d.b.a. ) Tj ET Q q 0 0 0 rg BT 363.12 100.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 373.08 100.10 Td (Software\) ) Tj ET Q q 0 0 0 rg BT 414.69 100.10 Td (\("i3"\) ) Tj ET Q q 0 0 0 rg BT 439.47 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.42 100.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.04 100.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 482.66 100.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 520.37 100.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.64 88.10 Td (total ) Tj ET Q q 0 0 0 rg BT 85.38 88.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 106.13 88.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 162.97 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.73 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.92 88.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 221.89 88.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.20 88.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 246.17 88.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.06 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.04 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.45 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.86 88.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 338.62 88.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 383.80 88.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 416.77 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.07 88.10 Td (up ) Tj ET Q q 0 0 0 rg BT 441.05 88.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 88.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 464.77 88.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.67 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.64 88.10 Td (based ) Tj ET Q q 0 0 0 rg BT 522.38 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 535.36 88.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.71 76.10 Td (over ) Tj ET Q q 0 0 0 rg BT 107.65 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.05 76.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 168.66 76.10 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 218.04 76.10 Td (month ) Tj ET Q q 0 0 0 rg BT 245.77 76.10 Td (period ) Tj ET Q q 0 0 0 rg BT 273.49 76.10 Td (following ) Tj ET Q q 0 0 0 rg BT 314.55 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.94 76.10 Td (date ) Tj ET Q q 0 0 0 rg BT 347.77 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.28 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.67 76.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 421.23 76.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 431.18 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.02 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.63 76.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 482.69 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.19 76.10 Td (software ) Tj ET Q q 0 0 0 rg BT 529.79 76.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.82 64.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 105.32 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.48 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.08 64.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 170.78 64.10 Td (industry) Tj ET Q q 0 0 0 rg BT 202.91 64.10 Td (. ) Tj ET Q q 0 0 0 rg BT 207.79 64.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 229.06 64.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 265.86 64.10 Td (all ) Tj ET Q q 0 0 0 rg BT 278.24 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.55 64.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.26 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.97 64.10 Td (i3 ) Tj ET Q q 0 0 0 rg BT 350.13 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.95 64.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 397.10 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.70 64.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 449.62 64.10 Td (using ) Tj ET Q q 0 0 0 rg BT 473.67 64.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 506.60 64.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.75 64.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 564.51 64.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.76 52.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.87 52.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 151.61 52.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.49 52.10 Td (this ) Tj ET Q q 0 0 0 rg BT 182.15 52.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 228.25 52.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.47 52.10 Td (recording ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 52.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 300.71 52.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.61 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.82 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.37 52.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.64 52.10 Td ($310 ) Tj ET Q q 0 0 0 rg BT 404.86 52.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.96 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.18 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.73 52.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 495.93 52.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.48 52.10 Td (pertaining ) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.59 742.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 98.06 742.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 153.48 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.73 742.10 Td ($48 ) Tj ET Q q 0 0 0 rg BT 186.55 742.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.47 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.61 742.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 276.42 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 301.56 742.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 343.92 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.51 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 389.75 742.10 Td (technology) Tj ET Q q 0 0 0 rg BT 433.53 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.71 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 455.07 742.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 499.10 742.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 530.90 742.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 730.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.76 730.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 138.58 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.86 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 170.24 730.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.18 730.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.38 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.88 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 213.26 730.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 708.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.44 708.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.23 708.10 Td (table ) Tj ET Q q 0 0 0 rg BT 165.56 708.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 215.21 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.33 708.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 245.10 708.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.65 708.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.88 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 708.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 348.76 708.10 Td (transferred, ) Tj ET Q q 0 0 0 rg BT 396.46 708.10 Td (net ) Tj ET Q q 0 0 0 rg BT 410.57 708.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 435.80 708.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 472.12 708.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.45 708.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 527.57 708.10 Td (assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 696.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 696.10 Td (result ) Tj ET Q q 0 0 0 rg BT 92.49 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.32 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.03 696.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 168.31 696.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.80 696.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 223.28 696.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.88 696.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.88 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.38 696.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.32 696.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.32 696.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 633.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 633.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 633.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 603.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 603.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 573.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 573.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 543.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 543.60 63.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 453.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 453.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 423.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 423.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 423.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 423.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 394.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 394.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 394.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 364.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 364.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 334.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 334.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 304.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 304.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.60 346.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 274.60 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 274.60 63.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 274.60 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 274.60 66.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 270.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 270.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 270.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 270.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.60 346.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 255.60 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 255.60 63.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 255.60 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 255.60 66.00 -4.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 648.6 m 463.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 648.6 m 467.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 648.6 m 533.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 633.6 m 396.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 648.6 m 463.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 633.6 m 463.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 648.6 m 467.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 648.6 m 533.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 633.6 m 533.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 558.6 m 463.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 543.6 m 463.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 558.6 m 533.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 543.6 m 533.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 483.6 m 463.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 468.6 m 463.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 483.6 m 533.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 468.6 m 533.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 453.6 m 463.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 439.6 m 463.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 437.6 m 463.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 453.6 m 533.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 439.6 m 533.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 437.6 m 533.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 289.6 m 463.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 289.6 m 533.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 255.60000000000002 m 463.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 255.60000000000002 m 533.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 251.60000000000002 m 463.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 237.60000000000002 m 463.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 235.60000000000002 m 463.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 251.60000000000002 m 533.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 237.60000000000002 m 533.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 235.60000000000002 m 533.5 235.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.40 653.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 638.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.50 638.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 638.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 623.28 Td (Fair value of total consideration transferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.27 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 608.27 Td (10,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 608.27 Td (13,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.27 Td (Equity instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 593.27 Td (2,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.27 Td (Contingent earn-out consideration arrangement \(net\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 578.27 Td (5,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 578.27 Td (516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.27 Td (Previous cash and other consideration in investment of EbixHealth JV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 563.27 Td (8,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.27 Td (Total consideration transferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 548.27 Td (27,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 548.27 Td (13,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 518.28 Td (Fair value of equity components recorded \(not part of consideration\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.27 Td (Gain on previously carried 40% equity interest in the EbixHealth JV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 503.27 Td (1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 503.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.27 Td (Recognition of noncontrolling interest of EbixHealth JV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 488.27 Td (11,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 488.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 473.27 Td (Total equity components recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 473.27 Td (12,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 443.27 Td (Total consideration transferred and equity components recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 443.27 Td (39,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 443.27 Td (13,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 414.28 Td (Fair value of assets acquired and liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.27 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 399.27 Td (2,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 399.27 Td (905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.27 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 384.27 Td (8,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.27 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 369.27 Td (6,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 369.27 Td (3,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.27 Td (Property, plant, and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 354.27 Td (842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 354.27 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.27 Td (Other long term assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 339.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 339.27 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.27 Td (Intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 324.32 Td (\(3,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 324.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 324.27 Td (10,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.27 Td (Deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 309.27 Td (1,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.80 309.32 Td (\(4,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.27 Td (Current and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 294.32 Td (\(16,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.80 294.32 Td (\(4,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.27 Td (Net assets acquired, excludes goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.30 279.32 Td (\(160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 279.27 Td (7,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 260.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 260.27 Td (40,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 260.27 Td (6,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 241.27 Td (Total net assets acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 241.27 Td (39,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 241.27 Td (13,896) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 215.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.50 215.10 Td (following ) Tj ET Q q 0 0 0 rg BT 146.34 215.10 Td (table ) Tj ET Q q 0 0 0 rg BT 168.73 215.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 219.45 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.62 215.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 278.10 215.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 319.38 215.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 362.32 215.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 388.61 215.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 425.99 215.10 Td (as ) Tj ET Q q 0 0 0 rg BT 437.27 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.66 215.10 Td (result ) Tj ET Q q 0 0 0 rg BT 469.83 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.12 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.29 215.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 547.02 215.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 87.48 203.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.08 203.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.08 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.58 203.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 203.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 203.10 Td (:) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.50 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 661.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 661.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 661.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 661.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 661.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 661.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 661.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 661.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.50 235.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 633.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 633.50 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 633.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 633.50 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 633.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 633.50 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 633.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 633.50 56.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 734.5 m 345.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 734.5 m 349.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 734.5 m 405.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 734.5 m 409.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 734.5 m 465.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 734.5 m 469.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 734.5 m 525.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 734.5 m 345.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 720.5 m 345.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 720.5 m 349.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 720.5 m 405.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 734.5 m 465.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 720.5 m 465.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 720.5 m 469.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 720.5 m 525.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 720.5 m 345.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 720.5 m 349.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 720.5 m 405.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 684.5 m 285.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 684.5 m 345.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 684.5 m 405.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 684.5 m 465.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 684.5 m 525.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 608.5 m 345.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 595.5 m 345.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 593.5 m 345.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 608.5 m 405.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 595.5 m 405.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 593.5 m 405.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 608.5 m 465.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 595.5 m 465.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 593.5 m 465.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 608.5 m 525.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 595.5 m 525.5 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 593.5 m 525.5 593.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 739.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.90 739.18 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 725.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.00 725.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.00 725.18 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.70 711.23 Td (W) Tj ET Q q 0 0 0 rg BT 366.15 711.23 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.60 701.23 Td (A) Tj ET Q q 0 0 0 rg BT 366.08 701.23 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.70 711.23 Td (W) Tj ET Q q 0 0 0 rg BT 486.15 711.23 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.60 701.23 Td (A) Tj ET Q q 0 0 0 rg BT 486.08 701.23 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 688.23 Td (Intangible asset category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.70 688.23 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.50 688.23 Td (Useful Life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.70 688.23 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.50 688.23 Td (Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.17 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 311.15 675.23 Td (\(in) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 294.20 665.23 Td (thousands\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 357.40 666.18 Td (\(in years\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 431.15 675.23 Td (\(in) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 414.20 665.23 Td (thousands\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 477.40 666.18 Td (\(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 652.07 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 652.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 652.07 Td (3,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 652.07 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 652.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 652.07 Td (10,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 652.07 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.07 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 638.07 Td (1,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 638.07 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 638.07 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 638.07 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (Purchase accounting adjustments for prior year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.17 Td (acquisition \(PB Systems\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 613.22 Td (\(8,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 613.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 613.17 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 613.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 613.17 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 599.07 Td (Total acquired intangible assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.00 599.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.80 599.23 Td (\(3,184) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 599.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 599.18 Td (8.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 599.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 599.18 Td (10,836) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 599.18 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 571.00 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 128.81 571.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 170.49 571.00 Td (future ) Tj ET Q q 0 0 0 rg BT 197.18 571.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 250.54 571.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 285.56 571.00 Td (for ) Tj ET Q q 0 0 0 rg BT 300.04 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.07 571.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 357.88 571.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.03 571.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 421.82 571.00 Td (as ) Tj ET Q q 0 0 0 rg BT 432.97 571.00 Td (part ) Tj ET Q q 0 0 0 rg BT 451.33 571.00 Td (of ) Tj ET Q q 0 0 0 rg BT 462.48 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.51 571.00 Td (business ) Tj ET Q q 0 0 0 rg BT 514.22 571.00 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.00 Td (described ) Tj ET Q q 0 0 0 rg BT 90.82 559.00 Td (above ) Tj ET Q q 0 0 0 rg BT 117.19 559.00 Td (and ) Tj ET Q q 0 0 0 rg BT 134.13 559.00 Td (all ) Tj ET Q q 0 0 0 rg BT 146.63 559.00 Td (other ) Tj ET Q q 0 0 0 rg BT 169.67 559.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 191.61 559.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 241.88 559.00 Td (is ) Tj ET Q q 0 0 0 rg BT 251.05 559.00 Td (as ) Tj ET Q q 0 0 0 rg BT 261.88 559.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.50 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 534.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 506.50 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 506.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.50 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 478.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.50 450.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 450.50 56.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.50 450.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 445.50 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 534.5 m 500.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 534.5 m 556.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 450.5 m 556.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 450.5 m 556.5 450.5 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 539.18 Td (Estimated Amortization Expenses \(in thousands\):) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.00 539.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.07 Td (For the year ending December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 525.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 525.07 Td (7,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.07 Td (For the year ending December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 511.07 Td (6,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.07 Td (For the year ending December31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 497.07 Td (6,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.07 Td (For the year ending December31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 483.07 Td (5,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.07 Td (For the year ending December31, 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 469.07 Td (5,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 455.07 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 455.07 Td (11,165) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 447.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 553.00 447.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 436.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 436.07 Td (41,336) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 410.00 Td (The ) Tj ET Q q 0 0 0 rg BT 118.18 410.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.70 410.00 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.31 410.00 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 220.45 410.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.34 410.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.47 410.00 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 276.61 410.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 410.00 Td (, ) Tj ET Q q 0 0 0 rg BT 311.63 410.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.71 410.00 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 350.84 410.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.70 398.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.70 398.00 Td (, ) Tj ET Q q 0 0 0 rg BT 347.70 398.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 395.36 398.00 Td (.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 296.00 Td (The ) Tj ET Q q 0 0 0 rg BT 104.72 296.00 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 151.76 296.00 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 194.38 296.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 210.88 296.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 237.94 296.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.10 296.00 Td (information ) Tj ET Q q 0 0 0 rg BT 326.49 296.00 Td (pertains ) Tj ET Q q 0 0 0 rg BT 361.32 296.00 Td (to ) Tj ET Q q 0 0 0 rg BT 372.28 296.00 Td (all ) Tj ET Q q 0 0 0 rg BT 385.45 296.00 Td (of ) Tj ET Q q 0 0 0 rg BT 396.96 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 412.35 296.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 460.11 296.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 511.06 296.00 Td (made ) Tj ET Q q 0 0 0 rg BT 535.89 296.00 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.93 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 90.31 284.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 115.74 284.00 Td (which ) Tj ET Q q 0 0 0 rg BT 143.11 284.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 179.37 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.52 284.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 241.34 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.39 284.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 279.20 284.00 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 318.24 284.00 Td (em ) Tj ET Q q 0 0 0 rg BT 333.18 284.00 Td (T) Tj ET Q q 0 0 0 rg BT 338.59 284.00 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 385.39 284.00 Td (SA, ) Tj ET Q q 0 0 0 rg BT 403.61 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 418.76 284.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 465.58 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 476.84 284.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.10 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 514.37 284.00 Td (IHAC, ) Tj ET Q q 0 0 0 rg BT 544.24 284.00 Td (Inc., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (d.b.a ) Tj ET Q q 0 0 0 rg BT 73.48 272.00 Td (Hope ) Tj ET Q q 0 0 0 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(Holdings ) Tj ET Q q 0 0 0 rg BT 147.50 260.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 198.48 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 208.91 260.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 234.06 260.00 Td (and ) Tj ET Q q 0 0 0 rg BT 251.15 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.02 260.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 316.45 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 327.24 260.00 Td (V) Tj ET Q q 0 0 0 rg BT 333.86 260.00 Td (ia ) Tj ET Q q 0 0 0 rg BT 343.73 260.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 371.93 260.00 Td (Health ) Tj ET Q q 0 0 0 rg BT 401.24 260.00 Td (and ) Tj ET Q q 0 0 0 rg BT 418.33 260.00 Td (PB ) Tj ET Q q 0 0 0 rg BT 433.21 260.00 Td (Systems ) Tj ET Q q 0 0 0 rg BT 469.21 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.64 260.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 502.29 260.00 Td (as ) Tj ET Q q 0 0 0 rg BT 513.27 260.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 554.24 260.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 248.00 Td (table ) Tj ET Q q 0 0 0 rg BT 85.47 248.00 Td (below) Tj ET Q q 0 0 0 rg BT 109.26 248.00 Td (, ) Tj ET Q q 0 0 0 rg BT 113.66 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 130.01 248.00 Td (is ) Tj ET Q q 0 0 0 rg BT 138.59 248.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 176.04 248.00 Td (for ) Tj ET Q q 0 0 0 rg BT 189.61 248.00 Td (informational ) Tj ET Q q 0 0 0 rg BT 245.95 248.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 283.41 248.00 Td (only ) Tj ET Q q 0 0 0 rg BT 303.10 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 319.44 248.00 Td (does ) Tj ET Q q 0 0 0 rg BT 339.68 248.00 Td (not ) Tj ET Q q 0 0 0 rg BT 354.37 248.00 Td (project ) Tj ET Q q 0 0 0 rg BT 384.04 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.16 248.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 444.65 248.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 482.09 248.00 Td (results ) Tj ET Q q 0 0 0 rg BT 510.11 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 248.00 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.00 Td 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224.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 469.53 224.00 Td (The ) Tj ET Q q 0 0 0 rg BT 487.36 224.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 509.65 224.00 Td (and ) Tj ET Q q 0 0 0 rg BT 526.38 224.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 548.67 224.00 Td (pro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 77.76 212.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.62 212.00 Td (information ) Tj ET Q q 0 0 0 rg BT 167.72 212.00 Td (below ) Tj ET Q q 0 0 0 rg BT 196.04 212.00 Td (assumes ) Tj ET Q q 0 0 0 rg BT 233.25 212.00 Td (that ) Tj ET Q q 0 0 0 rg BT 252.13 212.00 Td (all ) Tj ET Q q 0 0 0 rg BT 266.01 212.00 Td (such ) Tj ET Q q 0 0 0 rg BT 288.22 212.00 Td (business ) Tj ET Q q 0 0 0 rg BT 326.00 212.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 377.66 212.00 Td (were ) Tj ET Q q 0 0 0 rg BT 400.97 212.00 Td (made ) Tj ET Q q 0 0 0 rg BT 426.51 212.00 Td (on ) Tj ET Q q 0 0 0 rg BT 440.39 212.00 Td (January ) Tj ET Q q 0 0 0 rg BT 475.37 212.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 486.76 212.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 513.14 212.00 Td (whereas ) Tj ET Q q 0 0 0 rg BT 549.78 212.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.93 200.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 132.60 200.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.93 200.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.50 200.00 Td (for ) Tj ET Q q 0 0 0 rg BT 228.51 200.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 250.86 200.00 Td (only ) Tj ET Q q 0 0 0 rg BT 270.99 200.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 306.67 200.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.24 200.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 361.36 200.00 Td (results ) Tj ET Q q 0 0 0 rg BT 389.82 200.00 Td (from ) Tj ET Q q 0 0 0 rg BT 411.61 200.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.18 200.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 470.75 200.00 Td (since ) Tj ET Q q 0 0 0 rg BT 493.65 200.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.22 200.00 Td (ef) Tj ET Q q 0 0 0 rg BT 515.81 200.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 545.36 200.00 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (that ) Tj ET Q q 0 0 0 rg BT 67.98 188.00 Td (they ) Tj ET Q q 0 0 0 rg BT 88.18 188.00 Td (were ) Tj ET Q q 0 0 0 rg BT 110.60 188.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 148.00 188.00 Td (by ) Tj ET Q q 0 0 0 rg BT 160.99 188.00 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 185.36 188.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.78 188.00 Td (thusly ) Tj ET Q q 0 0 0 rg BT 230.22 188.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 266.53 188.00 Td (only ) Tj ET Q q 0 0 0 rg BT 287.29 188.00 Td (two ) Tj ET Q q 0 0 0 rg BT 305.27 188.00 Td (months ) Tj ET Q q 0 0 0 rg BT 337.71 188.00 Td (of ) Tj ET Q q 0 0 0 rg BT 349.02 188.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.79 188.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 378.65 188.00 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 417.75 188.00 Td (em ) Tj ET Q q 0 0 0 rg BT 432.73 188.00 Td (T) Tj ET Q q 0 0 0 rg BT 438.14 188.00 Td 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 687.5 m 406.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 687.5 m 462.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 687.5 m 466.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 687.5 m 525.5 687.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.40 739.23 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.00 729.23 Td (Reported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 719.23 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.60 730.18 Td (Pr) Tj ET Q q 0 0 0 rg BT 359.97 730.18 Td (o Forma) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 720.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.40 739.23 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 729.23 Td (Reported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 719.23 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.10 730.18 Td (Pr) Tj ET Q q 0 0 0 rg BT 482.47 730.18 Td (o Forma) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.50 720.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 706.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.00 706.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.95 706.18 Td (\(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 706.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.45 706.18 Td (\(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.60 692.18 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 678.07 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 678.07 Td (298,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 678.07 Td (315,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 678.07 Td (265,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 678.07 Td (295,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.07 Td (Net income attributable to Ebix, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 664.07 Td (93,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 664.07 Td (95,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 664.07 Td (79,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 664.07 Td (84,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.07 Td (Basic EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 650.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 650.07 Td (2.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 650.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 650.07 Td (2.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 650.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 650.07 Td (2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 650.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 650.07 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.07 Td (Diluted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 636.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 636.07 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 636.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 636.07 Td (2.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 636.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 636.07 Td (2.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 636.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 636.07 Td (2.42) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 610.00 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 610.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.00 Td (In ) Tj ET Q q 0 0 0 rg BT 97.05 598.00 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 598.00 Td (above ) Tj ET Q q 0 0 0 rg BT 138.58 598.00 Td (table, ) Tj ET Q q 0 0 0 rg BT 163.24 598.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.17 598.00 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 220.33 598.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 236.38 598.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 262.97 598.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.34 598.00 Td (for ) Tj ET Q q 0 0 0 rg BT 311.72 598.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.65 598.00 Td (year ) Tj ET Q q 0 0 0 rg BT 346.58 598.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.18 598.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 431.98 598.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.98 598.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.70 598.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 495.17 598.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.89 598.00 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 533.11 598.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.00 Td (from ) Tj ET Q q 0 0 0 rg BT 71.29 586.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.36 586.00 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 126.65 586.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 141.83 586.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 167.56 586.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 201.06 586.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.57 586.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.57 586.00 Td ( ) Tj ET Q q 0 0 0 rg BT 236.43 586.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.61 586.00 Td ($295.3 ) Tj ET Q q 0 0 0 rg BT 275.96 586.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.85 586.00 Td ( ) Tj ET Q q 0 0 0 rg BT 306.71 586.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.34 586.00 Td ($315.8 ) Tj ET Q q 0 0 0 rg BT 345.69 586.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.58 586.00 Td ( ) Tj ET Q q 0 0 0 rg BT 376.44 586.00 Td (, ) Tj ET Q q 0 0 0 rg BT 380.79 586.00 Td ( ) Tj ET Q q 0 0 0 rg BT 382.64 586.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 433.92 586.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.21 586.00 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.04 586.00 Td ( ) Tj ET Q q 0 0 0 rg BT 462.89 586.00 Td (increase, ) Tj ET Q q 0 0 0 rg BT 500.00 586.00 Td (with ) Tj ET Q q 0 0 0 rg BT 519.63 586.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 586.00 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 574.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 100.48 574.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 121.83 574.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 162.61 574.00 Td (af) Tj ET Q q 0 0 0 rg BT 170.20 574.00 Td (fecting ) Tj ET Q q 0 0 0 rg BT 200.44 574.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 236.22 574.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.23 574.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.71 574.00 Td (\($3.3\) ) Tj ET Q q 0 0 0 rg BT 313.34 574.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.23 574.00 Td (. ) Tj ET Q q 0 0 0 rg BT 347.02 574.00 Td (The ) Tj ET Q q 0 0 0 rg BT 365.04 574.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 400.83 574.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 434.95 574.00 Td (in ) Tj ET Q q 0 0 0 rg BT 445.20 574.00 Td (the ) Tj ET Q q 0 0 0 rg BT 459.89 574.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 492.35 574.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.16 574.00 Td ($298.3 ) Tj ET Q q 0 0 0 rg BT 533.13 574.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.00 Td (for ) Tj ET Q q 0 0 0 rg BT 64.28 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.12 562.00 Td (year ) Tj ET Q q 0 0 0 rg BT 98.95 562.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.45 562.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 184.16 562.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.16 562.00 Td ( ) Tj ET Q q 0 0 0 rg BT 206.78 562.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 247.15 562.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.78 562.00 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 284.90 562.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.79 562.00 Td ( ) Tj ET Q q 0 0 0 rg BT 316.41 562.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.36 562.00 Td (12.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.19 562.00 Td ( ) Tj ET Q q 0 0 0 rg BT 355.82 562.00 Td (from ) Tj ET Q q 0 0 0 rg BT 377.88 562.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.71 562.00 Td ($265.5 ) Tj ET Q q 0 0 0 rg BT 422.84 562.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 451.73 562.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.35 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 465.30 562.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 501.24 562.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 535.51 562.00 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 562.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.00 Td (year ) Tj ET Q q 0 0 0 rg BT 69.88 550.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.43 550.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.19 550.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.19 550.00 Td (. ) Tj ET Q q 0 0 0 rg BT 180.17 550.00 Td (The ) Tj ET Q q 0 0 0 rg BT 198.40 550.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 223.28 550.00 Td (for ) Tj ET Q q 0 0 0 rg BT 237.61 550.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.50 550.00 Td (dif) Tj ET Q q 0 0 0 rg BT 263.43 550.00 Td (ference ) Tj ET Q q 0 0 0 rg BT 295.52 550.00 Td (between ) Tj ET Q q 0 0 0 rg BT 331.51 550.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.40 550.00 Td (12.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.23 550.00 Td ( ) Tj ET Q q 0 0 0 rg BT 374.91 550.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.34 550.00 Td (in ) Tj ET Q q 0 0 0 rg BT 420.79 550.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 456.78 550.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 479.45 550.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 513.77 550.00 Td (versus ) Tj ET Q q 0 0 0 rg BT 542.00 550.00 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.00 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.33 538.00 Td (as ) Tj ET Q q 0 0 0 rg BT 96.84 538.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 138.44 538.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.40 538.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.80 538.00 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.63 538.00 Td ( ) Tj ET Q q 0 0 0 rg BT 185.81 538.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 220.74 538.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.70 538.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.88 538.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 268.39 538.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 294.45 538.00 Td (versus ) Tj ET Q q 0 0 0 rg BT 322.18 538.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.36 538.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 359.87 538.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 385.93 538.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 419.75 538.00 Td (is ) Tj ET Q q 0 0 0 rg BT 428.60 538.00 Td (due ) Tj ET Q q 0 0 0 rg BT 445.22 538.00 Td (to ) Tj ET Q q 0 0 0 rg BT 455.18 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.58 538.00 Td (ef) Tj ET Q q 0 0 0 rg BT 477.16 538.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 494.33 538.00 Td (of ) Tj ET Q q 0 0 0 rg BT 504.84 538.00 Td (combining ) Tj ET Q q 0 0 0 rg BT 549.79 538.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.67 526.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 128.99 526.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 162.65 526.00 Td (from ) Tj ET Q q 0 0 0 rg BT 185.76 526.00 Td (those ) Tj ET Q q 0 0 0 rg BT 210.55 526.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 256.44 526.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 294.54 526.00 Td (during ) Tj ET Q q 0 0 0 rg BT 324.33 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.22 526.00 Td (years ) Tj ET Q q 0 0 0 rg BT 365.00 526.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 388.67 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 406.79 526.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 432.96 526.00 Td (specifically ) Tj ET Q q 0 0 0 rg BT 482.46 526.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 510.01 526.00 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 549.80 526.00 Td (em ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 514.00 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 101.39 514.00 Td (SA, ) Tj ET Q q 0 0 0 rg BT 118.78 514.00 Td (Hope ) Tj ET Q q 0 0 0 rg BT 142.55 514.00 Td (Health ) Tj ET Q q 0 0 0 rg BT 171.31 514.00 Td (\("Hope"\), ) Tj ET Q q 0 0 0 rg BT 212.40 514.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 233.39 514.00 Td (Health ) Tj ET Q q 0 0 0 rg BT 262.16 514.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 303.69 514.00 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 344.96 514.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 365.96 514.00 Td (Joint ) Tj ET Q q 0 0 0 rg BT 387.36 514.00 Td (V) Tj ET Q q 0 0 0 rg BT 393.47 514.00 Td (enture, ) Tj ET Q q 0 0 0 rg BT 422.91 514.00 Td (V) Tj ET Q q 0 0 0 rg BT 429.53 514.00 Td (ia ) Tj ET Q q 0 0 0 rg BT 438.86 514.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 466.51 514.00 Td (Health, ) Tj ET Q q 0 0 0 rg BT 497.77 514.00 Td (and ) Tj ET Q q 0 0 0 rg BT 514.32 514.00 Td (PB ) Tj ET Q q 0 0 0 rg BT 528.66 514.00 Td (Systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.00 Td (with ) Tj ET Q q 0 0 0 rg BT 70.47 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.38 502.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 132.65 502.00 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 183.11 502.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 229.76 502.00 Td (The ) Tj ET Q q 0 0 0 rg BT 248.00 502.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 270.70 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 287.83 502.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 310.52 502.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 326.54 502.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 353.11 502.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.79 502.00 Td (information ) Tj ET Q q 0 0 0 rg BT 440.69 502.00 Td (assumes ) Tj ET Q q 0 0 0 rg BT 476.71 502.00 Td (that ) Tj ET Q q 0 0 0 rg BT 494.40 502.00 Td (all ) Tj ET Q q 0 0 0 rg BT 507.09 502.00 Td (such ) Tj ET Q q 0 0 0 rg BT 528.11 502.00 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 101.13 490.00 Td (were ) Tj ET Q q 0 0 0 rg BT 123.91 490.00 Td (made ) Tj ET Q q 0 0 0 rg BT 148.92 490.00 Td (on ) Tj ET Q q 0 0 0 rg BT 162.27 490.00 Td (January ) Tj ET Q q 0 0 0 rg BT 196.72 490.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 207.58 490.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 233.43 490.00 Td (whereas ) Tj ET Q q 0 0 0 rg BT 269.54 490.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.11 490.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 333.05 490.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 369.72 490.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.05 490.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 453.62 490.00 Td (for ) Tj ET Q q 0 0 0 rg BT 468.63 490.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 491.98 490.00 Td (only ) Tj ET Q q 0 0 0 rg BT 513.11 490.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 549.79 490.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.06 478.00 Td (results ) Tj ET Q q 0 0 0 rg BT 118.47 478.00 Td (from ) Tj ET Q q 0 0 0 rg BT 140.20 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.72 478.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 199.24 478.00 Td (since ) Tj ET Q q 0 0 0 rg BT 222.08 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 236.59 478.00 Td (ef) Tj ET Q q 0 0 0 rg BT 244.18 478.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 273.68 478.00 Td (date ) Tj ET Q q 0 0 0 rg BT 292.63 478.00 Td (that ) Tj ET Q q 0 0 0 rg BT 309.93 478.00 Td (they ) Tj ET Q q 0 0 0 rg BT 329.44 478.00 Td (were ) Tj ET Q q 0 0 0 rg BT 351.17 478.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 387.89 478.00 Td (by ) Tj ET Q q 0 0 0 rg BT 400.19 478.00 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 423.87 478.00 Td (and ) Tj ET Q q 0 0 0 rg BT 440.61 478.00 Td (thus ) Tj ET Q q 0 0 0 rg BT 459.57 478.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 495.20 478.00 Td (only ) Tj ET Q q 0 0 0 rg BT 515.27 478.00 Td (two ) Tj ET Q q 0 0 0 rg BT 532.57 478.00 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.26 466.00 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 88.29 466.00 Td (Solucoes ) Tj ET Q q 0 0 0 rg BT 127.55 466.00 Td (em ) Tj ET Q q 0 0 0 rg BT 142.69 466.00 Td (T) Tj ET Q q 0 0 0 rg BT 148.10 466.00 Td (echnologia ) Tj ET Q q 0 0 0 rg BT 195.13 466.00 Td (SA, ) Tj ET Q q 0 0 0 rg BT 213.57 466.00 Td (two ) Tj ET Q q 0 0 0 rg BT 231.72 466.00 Td (months ) Tj ET Q q 0 0 0 rg BT 264.32 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.81 466.00 Td (Hope, ) Tj ET Q q 0 0 0 rg BT 303.12 466.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.72 466.00 Td (six ) Tj ET Q q 0 0 0 rg BT 335.54 466.00 Td (months ) Tj ET Q q 0 0 0 rg BT 368.14 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 379.63 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 466.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 417.04 466.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 470.74 466.00 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 492.78 466.00 Td (Health ) Tj ET Q q 0 0 0 rg BT 522.59 466.00 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.00 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 91.67 454.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 113.06 454.00 Td (Joint ) Tj ET Q q 0 0 0 rg BT 134.82 454.00 Td (V) Tj ET Q q 0 0 0 rg BT 140.94 454.00 Td (enture.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 432.00 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 432.00 Td (above ) Tj ET Q q 0 0 0 rg BT 130.42 432.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 146.25 432.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 172.63 432.00 Td (analysis ) Tj ET Q q 0 0 0 rg BT 207.35 432.00 Td (is ) Tj ET Q q 0 0 0 rg BT 216.52 432.00 Td (based ) Tj ET Q q 0 0 0 rg BT 241.79 432.00 Td (on ) Tj ET Q q 0 0 0 rg BT 254.29 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.00 432.00 Td (following ) Tj ET Q q 0 0 0 rg BT 310.39 432.00 Td (premises:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 410.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 410.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 157.83 410.00 Td (and ) Tj ET Q q 0 0 0 rg BT 175.10 410.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 197.93 410.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 214.09 410.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 240.79 410.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.27 410.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 311.42 410.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.13 410.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.60 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 383.76 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.81 410.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 436.06 410.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 467.77 410.00 Td (before ) Tj ET Q q 0 0 0 rg BT 496.14 410.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 542.85 410.00 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 398.00 Td (as ) Tj ET Q q 0 0 0 rg BT 146.79 398.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 183.57 398.00 Td (by ) Tj ET Q q 0 0 0 rg BT 197.03 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.71 398.00 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 244.21 398.00 Td (as ) Tj ET Q q 0 0 0 rg BT 256.00 398.00 Td (well ) Tj ET Q q 0 0 0 rg BT 276.68 398.00 Td (as ) Tj ET Q q 0 0 0 rg BT 288.47 398.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 315.81 398.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.91 398.00 Td (of ) Tj ET Q q 0 0 0 rg BT 362.70 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 398.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 416.27 398.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 448.61 398.00 Td (after ) Tj ET Q q 0 0 0 rg BT 470.39 398.00 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 520.23 398.00 Td (Growth ) Tj ET Q q 0 0 0 rg BT 554.24 398.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 386.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 172.50 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 182.79 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 196.97 386.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.35 386.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 264.19 386.00 Td (after ) Tj ET Q q 0 0 0 rg BT 284.47 386.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 330.31 386.00 Td (date ) Tj ET Q q 0 0 0 rg BT 348.93 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 363.09 386.00 Td (only ) Tj ET Q q 0 0 0 rg BT 382.83 386.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 419.76 386.00 Td (for ) Tj ET Q q 0 0 0 rg BT 433.38 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.56 386.00 Td (period ) Tj ET Q q 0 0 0 rg BT 475.07 386.00 Td (after ) Tj ET Q q 0 0 0 rg BT 495.34 386.00 Td (their ) Tj ET Q q 0 0 0 rg BT 515.63 386.00 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 374.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 374.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 171.55 374.00 Td (billed ) Tj ET Q q 0 0 0 rg BT 195.88 374.00 Td (to ) Tj ET Q q 0 0 0 rg BT 205.22 374.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 238.45 374.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 266.12 374.00 Td (from ) Tj ET Q q 0 0 0 rg BT 287.12 374.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 374.00 Td (cross ) Tj ET Q q 0 0 0 rg BT 323.01 374.00 Td (selling ) Tj ET Q q 0 0 0 rg BT 351.24 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 374.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 397.12 374.00 Td (products ) Tj ET Q q 0 0 0 rg BT 433.12 374.00 Td (has ) Tj ET Q q 0 0 0 rg BT 448.01 374.00 Td (been ) Tj ET Q q 0 0 0 rg BT 468.45 374.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 504.45 374.00 Td (to ) Tj ET Q q 0 0 0 rg BT 513.79 374.00 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 374.00 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 362.00 Td (section ) Tj ET Q q 0 0 0 rg BT 165.83 362.00 Td (of ) Tj ET Q q 0 0 0 rg BT 176.66 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 192.49 362.00 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 350.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 350.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 154.57 350.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 188.57 350.00 Td (products ) Tj ET Q q 0 0 0 rg BT 225.36 350.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 244.37 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 254.49 350.00 Td (new ) Tj ET Q q 0 0 0 rg BT 273.50 350.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 316.39 350.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 353.15 350.00 Td (through ) Tj ET Q q 0 0 0 rg BT 386.61 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 401.17 350.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 447.39 350.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 486.39 350.00 Td (base, ) Tj ET Q q 0 0 0 rg BT 509.00 350.00 Td (has ) Tj ET Q q 0 0 0 rg BT 524.68 350.00 Td (also ) Tj ET Q q 0 0 0 rg BT 543.13 350.00 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 338.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 171.94 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 182.22 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 196.93 338.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.86 338.00 Td (section ) Tj ET Q q 0 0 0 rg BT 264.68 338.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.51 338.00 Td (our ) Tj ET Q q 0 0 0 rg BT 291.34 338.00 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 326.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 326.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 157.73 326.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 173.80 326.00 Td (forma ) Tj ET Q q 0 0 0 rg BT 200.41 326.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 238.68 326.00 Td (include ) Tj ET Q q 0 0 0 rg BT 270.85 326.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 309.12 326.00 Td (from ) Tj ET Q q 0 0 0 rg BT 331.29 326.00 Td (some ) Tj ET Q q 0 0 0 rg BT 355.14 326.00 Td (product ) Tj ET Q q 0 0 0 rg BT 388.42 326.00 Td (lines ) Tj ET Q q 0 0 0 rg BT 410.04 326.00 Td (whose ) Tj ET Q q 0 0 0 rg BT 438.33 326.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 456.61 326.00 Td (was ) Tj ET Q q 0 0 0 rg BT 474.89 326.00 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 528.73 326.00 Td (after ) Tj ET Q q 0 0 0 rg BT 549.78 326.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 314.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 182.08 314.00 Td (date ) Tj ET Q q 0 0 0 rg BT 201.92 314.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.56 314.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.29 314.00 Td (from ) Tj ET Q q 0 0 0 rg BT 280.92 314.00 Td (some ) Tj ET Q q 0 0 0 rg BT 305.22 314.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 348.96 314.00 Td (whose ) Tj ET Q q 0 0 0 rg BT 377.71 314.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.99 314.00 Td (were ) Tj ET Q q 0 0 0 rg BT 439.61 314.00 Td (discontinued. ) Tj ET Q q 0 0 0 rg BT 496.18 314.00 Td (This ) Tj ET Q q 0 0 0 rg BT 517.15 314.00 Td (is ) Tj ET Q q 0 0 0 rg BT 527.02 314.00 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 302.00 Td (done ) Tj ET Q q 0 0 0 rg BT 156.94 302.00 Td (for ) Tj ET Q q 0 0 0 rg BT 171.10 302.00 Td (ef) Tj ET Q q 0 0 0 rg BT 178.69 302.00 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 213.39 302.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 241.44 302.00 Td (competitive ) Tj ET Q q 0 0 0 rg BT 291.14 302.00 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 290.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 290.00 Td (The ) Tj ET Q q 0 0 0 rg BT 153.26 290.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 183.18 290.00 Td (from ) Tj ET Q q 0 0 0 rg BT 205.32 290.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 255.25 290.00 Td (of ) Tj ET Q q 0 0 0 rg BT 266.28 290.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.21 290.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 321.67 290.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 343.26 290.00 Td (for ) Tj ET Q q 0 0 0 rg BT 357.63 290.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.55 290.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 404.14 290.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 447.93 290.00 Td (in ) Tj ET Q q 0 0 0 rg BT 458.42 290.00 Td (the ) Tj ET Q q 0 0 0 rg BT 473.35 290.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 512.71 290.00 Td (in ) Tj ET Q q 0 0 0 rg BT 523.20 290.00 Td (which ) Tj ET Q q 0 0 0 rg BT 550.34 290.00 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 278.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 169.03 278.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 213.07 278.00 Td (also ) Tj ET Q q 0 0 0 rg BT 231.55 278.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 267.25 278.00 Td (af) Tj ET Q q 0 0 0 rg BT 274.84 278.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 301.64 278.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 337.33 278.00 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 377.75 278.00 Td (During ) Tj ET Q q 0 0 0 rg BT 408.46 278.00 Td (each ) Tj ET Q q 0 0 0 rg BT 429.15 278.00 Td (of ) Tj ET Q q 0 0 0 rg BT 439.86 278.00 Td (the ) Tj ET Q q 0 0 0 rg BT 454.45 278.00 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.93 278.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.93 278.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.81 278.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.81 278.00 Td ( ) Tj ET Q q 0 0 0 rg BT 525.19 278.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 278.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 266.00 Td (the ) Tj ET Q q 0 0 0 rg BT 149.33 266.00 Td (change ) Tj ET Q q 0 0 0 rg BT 179.76 266.00 Td (in ) Tj ET Q q 0 0 0 rg BT 189.65 266.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 220.64 266.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 257.73 266.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 297.60 266.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 318.59 266.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 360.12 266.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 395.55 266.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.21 266.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 488.09 266.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.74 266.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.85 266.00 Td ($\(3.3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 254.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.89 254.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.89 254.00 Td ($\(10.7\) ) Tj ET Q q 0 0 0 rg BT 200.55 254.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.44 254.00 Td (, ) Tj ET Q q 0 0 0 rg BT 234.44 254.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.38 254.00 Td ($\(3.2\) ) Tj ET Q q 0 0 0 rg BT 278.04 254.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.93 254.00 Td (, ) Tj ET Q q 0 0 0 rg BT 311.93 254.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 359.59 254.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 218.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 218.00 Td (5. ) Tj ET Q q 0 0 0 rg BT 82.49 218.00 Td (Commer) Tj ET Q q 0 0 0 rg BT 120.07 218.00 Td (cial ) Tj ET Q q 0 0 0 rg BT 137.56 218.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 162.86 218.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 208.14 218.00 Td (Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 201.00 Td (On ) Tj ET Q q 0 0 0 rg BT 102.23 201.00 Td (June ) Tj ET Q q 0 0 0 rg BT 124.56 201.00 Td (17, ) Tj ET Q q 0 0 0 rg BT 141.07 201.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 167.58 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.80 201.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.69 201.00 Td (and ) Tj ET Q q 0 0 0 rg BT 245.13 201.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.34 201.00 Td (of ) Tj ET Q q 0 0 0 rg BT 288.68 201.00 Td (its ) Tj ET Q q 0 0 0 rg BT 302.13 201.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 353.36 201.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 386.79 201.00 Td (into ) Tj ET Q q 0 0 0 rg BT 406.35 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 422.57 201.00 Td (Second ) Tj ET Q q 0 0 0 rg BT 455.13 201.00 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 508.57 201.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 528.12 201.00 Td (Second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (Amendment\) ) Tj ET Q q 0 0 0 rg BT 110.11 189.00 Td (to ) Tj ET Q q 0 0 0 rg BT 120.81 189.00 Td (the ) Tj ET Q q 0 0 0 rg BT 135.94 189.00 Td (Regions ) Tj ET Q q 0 0 0 rg BT 171.63 189.00 Td (Secured ) Tj ET Q q 0 0 0 rg BT 206.75 189.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.65 189.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 268.12 189.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 282.69 189.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 315.59 189.00 Td (below\), ) Tj ET Q q 0 0 0 rg BT 348.77 189.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 372.69 189.00 Td (August ) Tj ET Q q 0 0 0 rg BT 404.50 189.00 Td (5, ) Tj ET Q q 0 0 0 rg BT 414.91 189.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.32 189.00 Td (among ) Tj ET Q q 0 0 0 rg BT 470.45 189.00 Td (the ) Tj ET Q q 0 0 0 rg BT 485.58 189.00 Td (Company) Tj ET Q q 0 0 0 rg BT 523.82 189.00 Td (, ) Tj ET Q q 0 0 0 rg BT 529.23 189.00 Td (Regions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 72.73 177.00 Td (as ) Tj ET Q q 0 0 0 rg BT 82.32 177.00 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 143.92 177.00 Td (and ) Tj ET Q q 0 0 0 rg BT 159.98 177.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 200.67 177.00 Td (Agent ) Tj ET Q q 0 0 0 rg BT 226.73 177.00 Td (\("Regions"\), ) Tj ET Q q 0 0 0 rg BT 278.45 177.00 Td (Regions ) Tj ET Q q 0 0 0 rg BT 312.84 177.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 343.34 177.00 Td (Markets, ) Tj ET Q q 0 0 0 rg BT 380.23 177.00 Td (PNC ) Tj ET Q q 0 0 0 rg BT 401.30 177.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 431.80 177.00 Td (Markets, ) Tj ET Q q 0 0 0 rg BT 468.68 177.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 491.69 177.00 Td (and ) Tj ET Q q 0 0 0 rg BT 507.63 177.00 Td (TD ) Tj ET Q q 0 0 0 rg BT 522.58 177.00 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.00 Td (\(USA\) ) Tj ET Q q 0 0 0 rg BT 79.77 165.00 Td (as ) Tj ET Q q 0 0 0 rg BT 91.21 165.00 Td (joint ) Tj ET Q q 0 0 0 rg BT 112.65 165.00 Td (Lead ) Tj ET Q q 0 0 0 rg BT 135.06 165.00 Td (Arrangers ) Tj ET Q q 0 0 0 rg BT 178.15 165.00 Td (for ) Tj ET Q q 0 0 0 rg BT 192.92 165.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.24 165.00 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 249.11 165.00 Td (of ) Tj ET Q q 0 0 0 rg BT 260.55 165.00 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 294.81 165.00 Td (The ) Tj ET Q q 0 0 0 rg BT 313.47 165.00 Td (Second ) Tj ET Q q 0 0 0 rg BT 345.33 165.00 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 397.87 165.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 437.62 165.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.95 165.00 Td (total ) Tj ET Q q 0 0 0 rg BT 473.83 165.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 499.70 165.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 531.13 165.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 165.00 Td ($400 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 153.00 Td ( ) Tj ET Q q 0 0 0 rg BT 81.88 153.00 Td (from ) Tj ET Q q 0 0 0 rg BT 104.31 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.52 153.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 141.95 153.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 174.94 153.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.26 153.00 Td ($240 ) Tj ET Q q 0 0 0 rg BT 209.26 153.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 153.00 Td (, ) Tj ET Q q 0 0 0 rg BT 243.64 153.00 Td (and ) Tj ET Q q 0 0 0 rg BT 261.07 153.00 Td (expands ) Tj ET Q q 0 0 0 rg BT 296.83 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 312.04 153.00 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 357.80 153.00 Td (bank ) Tj ET Q q 0 0 0 rg BT 380.23 153.00 Td (group ) Tj ET Q q 0 0 0 rg BT 406.55 153.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.32 153.00 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.41 153.00 Td ( ) Tj ET Q q 0 0 0 rg BT 446.41 153.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 496.05 153.00 Td (by ) Tj ET Q q 0 0 0 rg BT 509.04 153.00 Td (adding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.25 153.00 Td (seven) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.00 Td (new ) Tj ET Q q 0 0 0 rg BT 68.67 141.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 117.33 141.00 Td (which ) Tj ET Q q 0 0 0 rg BT 143.77 141.00 Td (include ) Tj ET Q q 0 0 0 rg BT 175.22 141.00 Td (PNC ) Tj ET Q q 0 0 0 rg BT 196.68 141.00 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 222.29 141.00 Td (National ) Tj ET Q q 0 0 0 rg BT 258.29 141.00 Td (Association ) Tj ET Q q 0 0 0 rg BT 307.52 141.00 Td (BMO ) Tj ET Q q 0 0 0 rg BT 332.31 141.00 Td (Harris ) Tj ET Q q 0 0 0 rg BT 359.31 141.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 382.42 141.00 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 406.38 141.00 Td (Key ) Tj ET Q q 0 0 0 rg BT 425.04 141.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 448.16 141.00 Td (National ) Tj ET Q q 0 0 0 rg BT 484.16 141.00 Td (Association, ) Tj ET Q q 0 0 0 rg BT 535.88 141.00 Td (HSBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 74.96 129.00 Td (National, ) Tj ET Q q 0 0 0 rg BT 115.75 129.00 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 154.03 129.00 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 181.49 129.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.28 129.00 Td (T) Tj ET Q q 0 0 0 rg BT 202.69 129.00 Td (oronto-Dominion ) Tj ET Q q 0 0 0 rg BT 276.54 129.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 301.50 129.00 Td (\(New ) Tj ET Q q 0 0 0 rg BT 327.00 129.00 Td (Y) Tj ET Q q 0 0 0 rg BT 333.22 129.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 350.40 129.00 Td (Branch\), ) Tj ET Q q 0 0 0 rg BT 388.96 129.00 Td (and ) Tj ET Q q 0 0 0 rg BT 406.98 129.00 Td (T) Tj ET Q q 0 0 0 rg BT 412.73 129.00 Td (rustmark ) Tj ET Q q 0 0 0 rg BT 452.13 129.00 Td (National ) Tj ET Q q 0 0 0 rg BT 490.42 129.00 Td (Bank. ) Tj ET Q q 0 0 0 rg BT 517.61 129.00 Td (The ) Tj ET Q q 0 0 0 rg BT 537.01 129.00 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.99 117.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 111.22 117.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 143.77 117.00 Td (below\) ) Tj ET Q q 0 0 0 rg BT 174.10 117.00 Td (now ) Tj ET Q q 0 0 0 rg BT 193.89 117.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 228.13 117.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.02 117.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.03 117.00 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.03 117.00 Td (-year ) Tj ET Q q 0 0 0 rg BT 274.13 117.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 315.02 117.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 340.35 117.00 Td (component ) Tj ET Q q 0 0 0 rg BT 387.35 117.00 Td (in ) Tj ET Q q 0 0 0 rg BT 397.69 117.00 Td (the ) Tj ET Q q 0 0 0 rg BT 412.48 117.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.04 117.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.93 117.00 Td ($275 ) Tj ET Q q 0 0 0 rg BT 478.50 117.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.39 117.00 Td (, ) Tj ET Q q 0 0 0 rg BT 512.46 117.00 Td (and ) Tj ET Q q 0 0 0 rg BT 529.46 117.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.46 117.00 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.46 117.00 Td (-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.00 Td (term ) Tj ET Q q 0 0 0 rg BT 70.80 105.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 90.49 105.00 Td (component ) Tj ET Q q 0 0 0 rg BT 137.40 105.00 Td (in ) Tj ET Q q 0 0 0 rg BT 147.65 105.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.34 105.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.80 105.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.61 105.00 Td ($125 ) Tj ET Q q 0 0 0 rg BT 228.08 105.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.97 105.00 Td (, ) Tj ET Q q 0 0 0 rg BT 261.95 105.00 Td (with ) Tj ET Q q 0 0 0 rg BT 282.20 105.00 Td (repayments ) Tj ET Q q 0 0 0 rg BT 330.76 105.00 Td (due ) Tj ET Q q 0 0 0 rg BT 347.68 105.00 Td (in ) Tj ET Q q 0 0 0 rg BT 357.93 105.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.62 105.00 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.09 105.00 Td ($3.13 ) Tj ET Q q 0 0 0 rg BT 430.06 105.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.95 105.00 Td ( ) Tj ET Q q 0 0 0 rg BT 461.42 105.00 Td (due ) Tj ET Q q 0 0 0 rg BT 478.33 105.00 Td (each ) Tj ET Q q 0 0 0 rg BT 499.12 105.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 527.04 105.00 Td (, ) Tj ET Q q 0 0 0 rg BT 532.01 105.00 Td (starting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.00 Td (September ) Tj ET Q q 0 0 0 rg BT 96.04 93.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 111.82 93.00 Td (2016. ) Tj ET Q q 0 0 0 rg BT 137.36 93.00 Td (The ) Tj ET Q q 0 0 0 rg BT 156.18 93.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 183.73 93.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 231.43 93.00 Td (also ) Tj ET Q q 0 0 0 rg BT 250.81 93.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 287.41 93.00 Td (an ) Tj ET Q q 0 0 0 rg BT 300.13 93.00 Td (accordion ) Tj ET Q q 0 0 0 rg BT 342.83 93.00 Td (feature, ) Tj ET Q q 0 0 0 rg BT 376.36 93.00 Td (which ) Tj ET Q q 0 0 0 rg BT 404.07 93.00 Td (if ) Tj ET Q q 0 0 0 rg BT 413.46 93.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 454.49 93.00 Td (and ) Tj ET Q q 0 0 0 rg BT 472.20 93.00 Td (approved ) Tj ET Q q 0 0 0 rg BT 512.69 93.00 Td (by ) Tj ET Q q 0 0 0 rg BT 525.96 93.00 Td (all ) Tj ET Q q 0 0 0 rg BT 539.24 93.00 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.00 Td (parties, ) Tj ET Q q 0 0 0 rg BT 81.54 81.00 Td (would ) Tj ET Q q 0 0 0 rg BT 108.92 81.00 Td (expand ) Tj ET Q q 0 0 0 rg BT 140.19 81.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.79 81.00 Td (total ) Tj ET Q q 0 0 0 rg BT 174.94 81.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 218.99 81.00 Td (capacity ) Tj ET Q q 0 0 0 rg BT 254.68 81.00 Td (under ) Tj ET Q q 0 0 0 rg BT 279.84 81.00 Td (the ) Tj ET Q q 0 0 0 rg 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 52.00 Td ( ) Tj ET Q q 0 0 0 rg BT 88.50 52.00 Td ( ) Tj ET Q q 0 0 0 rg BT 91.00 52.00 Td ( ) Tj ET Q q 0 0 0 rg BT 93.50 52.00 Td ( ) Tj ET Q endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 127.96 742.10 Td (October ) Tj ET Q q 0 0 0 rg BT 165.67 742.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 183.67 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 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515.76 564.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 564.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 564.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.41 552.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 96.93 552.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 127.88 552.10 Td (an ) Tj ET Q q 0 0 0 rg BT 140.51 552.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.14 552.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 191.32 552.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.85 552.10 Td (2.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.68 552.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.14 552.10 Td (This ) Tj ET Q q 0 0 0 rg BT 260.12 552.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 293.85 552.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.71 552.10 Td (included ) Tj ET Q q 0 0 0 rg BT 341.34 552.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.32 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.73 552.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 410.36 552.10 Td 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q 0 0 0 rg BT 446.53 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.00 540.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.91 540.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.48 540.10 Td ($168.0 ) Tj ET Q q 0 0 0 rg BT 533.12 540.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.95 528.10 Td ($226.46 ) Tj ET Q q 0 0 0 rg BT 99.96 528.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.85 528.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.86 528.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 180.52 528.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.53 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.47 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.20 528.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 252.36 528.10 Td (average ) Tj ET Q q 0 0 0 rg BT 284.96 528.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 315.90 528.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 332.39 528.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.45 528.10 Td (2.72%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.28 528.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.96 528.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 528.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 448.06 528.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.06 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.57 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.29 528.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 531.47 528.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 516.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 118.04 516.10 Td (line ) Tj ET Q q 0 0 0 rg BT 135.54 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.37 516.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 171.63 516.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.68 516.10 Td ($206.5 ) Tj ET Q q 0 0 0 rg BT 219.68 516.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.57 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.07 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.01 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.73 516.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 313.55 516.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 343.80 516.10 Td (an ) Tj ET Q q 0 0 0 rg BT 355.74 516.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.68 516.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 405.16 516.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.99 516.10 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.82 516.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 486.10 Td (At ) Tj ET Q q 0 0 0 rg BT 98.02 486.10 Td (December ) Tj ET Q q 0 0 0 rg BT 141.12 486.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.64 486.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.16 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 486.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 243.07 486.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 275.62 486.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.64 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 486.10 Td (term ) Tj ET Q q 0 0 0 rg BT 322.22 486.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.46 486.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.03 486.10 Td ($1) Tj ET Q q 0 0 0 rg BT 368.65 486.10 Td (18.8 ) Tj ET Q q 0 0 0 rg BT 388.17 486.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.06 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.08 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.43 486.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.89 486.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 480.40 486.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.31 486.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.00 486.10 Td (due ) Tj ET Q q 0 0 0 rg BT 536.46 486.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 474.10 Td (next ) Tj ET Q q 0 0 0 rg BT 83.52 474.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 112.22 474.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 146.06 474.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.89 474.10 Td (term ) Tj ET Q q 0 0 0 rg BT 186.25 474.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 205.51 474.10 Td (also ) Tj ET Q q 0 0 0 rg BT 223.67 474.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 253.46 474.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.95 474.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 296.42 474.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.45 474.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.82 474.10 Td (2.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 474.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.05 474.10 Td (The ) Tj ET Q q 0 0 0 rg BT 376.64 474.10 Td (current ) Tj ET Q q 0 0 0 rg BT 407.00 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.48 474.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 464.96 474.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 499.78 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.15 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.41 474.10 Td (term ) Tj ET Q q 0 0 0 rg BT 544.78 474.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.04 462.10 Td (included ) Tj ET Q q 0 0 0 rg BT 100.31 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.92 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.97 462.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 166.33 462.10 Td (current ) Tj ET Q q 0 0 0 rg BT 196.48 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.75 462.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 254.02 462.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 288.06 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.23 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.28 462.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 358.55 462.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 413.15 462.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 447.19 462.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 477.63 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.68 462.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.40 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 462.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.93 450.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 96.93 450.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.82 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.32 450.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.26 450.10 Td ($106.3 ) Tj ET Q q 0 0 0 rg BT 175.26 450.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.65 450.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 257.46 450.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.18 450.10 Td (December ) Tj ET Q q 0 0 0 rg BT 310.76 450.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 325.76 450.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 414.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 82.49 414.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 145.53 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.16 414.10 Td (Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 392.10 Td (- ) Tj ET Q q 0 0 0 rg BT 115.81 392.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 159.40 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.09 392.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 234.88 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 247.35 392.10 Td (May ) Tj ET Q q 0 0 0 rg BT 268.16 392.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 278.13 392.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 300.61 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.42 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.11 392.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 373.16 392.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 414.51 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.32 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.23 392.10 Td (mer) Tj ET Q q 0 0 0 rg BT 447.60 392.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 462.84 392.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 506.96 392.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.21 392.10 Td (af) Tj ET Q q 0 0 0 rg BT 534.80 392.10 Td (filiates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.24 380.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 101.36 380.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 127.60 380.10 Td (& ) Tj ET Q q 0 0 0 rg BT 138.29 380.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 157.86 380.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 187.43 380.10 Td (putative ) Tj ET Q q 0 0 0 rg BT 222.55 380.10 Td (class ) Tj ET Q q 0 0 0 rg BT 244.89 380.10 Td (action ) Tj ET Q q 0 0 0 rg BT 272.23 380.10 Td (complaints ) Tj ET Q q 0 0 0 rg BT 319.02 380.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 368.58 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.71 380.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 423.27 380.10 Td (mer) Tj ET Q q 0 0 0 rg BT 438.64 380.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 454.32 380.10 Td (were ) Tj ET Q q 0 0 0 rg BT 476.65 380.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 497.89 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.57 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.70 380.10 Td (Delaware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 75.72 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.99 368.10 Td (Chancery) Tj ET Q q 0 0 0 rg BT 124.66 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.89 368.10 Td (These ) Tj ET Q q 0 0 0 rg BT 156.71 368.10 Td (complaints ) Tj ET Q q 0 0 0 rg BT 203.53 368.10 Td (name ) Tj ET Q q 0 0 0 rg BT 228.13 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.40 368.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 287.88 368.10 Td (some ) Tj ET Q q 0 0 0 rg BT 311.93 368.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 364.86 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.13 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.29 368.10 Td (Company) Tj ET Q q 0 0 0 rg BT 429.53 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.97 368.10 Td (its ) Tj ET Q q 0 0 0 rg BT 447.36 368.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 487.79 368.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 527.95 368.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 554.22 368.10 Td (& ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 66.74 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.75 356.10 Td (af) Tj ET Q q 0 0 0 rg BT 91.34 356.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 122.23 356.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 156.18 356.10 Td (On ) Tj ET Q q 0 0 0 rg BT 170.97 356.10 Td (June ) Tj ET Q q 0 0 0 rg BT 191.87 356.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 206.94 356.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 232.01 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.80 356.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 276.02 356.10 Td (complaints ) Tj ET Q q 0 0 0 rg BT 322.47 356.10 Td (were ) Tj ET Q q 0 0 0 rg BT 344.47 356.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 397.58 356.10 Td (by ) Tj ET Q q 0 0 0 rg BT 410.15 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.94 356.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 465.81 356.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 491.16 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.06 356.10 Td (Chancery) Tj ET Q q 0 0 0 rg BT 539.73 356.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.80 356.10 Td (now ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (captioned ) Tj ET Q q 0 0 0 rg BT 91.05 344.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.57 344.10 Td (re ) Tj ET Q q 0 0 0 rg BT 111.52 344.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 135.08 344.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 152.53 344.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 203.04 344.10 Td (Litigation, ) Tj ET Q q 0 0 0 rg BT 247.16 344.10 Td (CA) Tj ET Q q 0 0 0 rg BT 260.50 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.68 344.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 279.59 344.10 Td (8526-VCS. ) Tj ET Q q 0 0 0 rg BT 327.05 344.10 Td (On ) Tj ET Q q 0 0 0 rg BT 341.45 344.10 Td (June ) Tj ET Q q 0 0 0 rg BT 361.97 344.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 376.65 344.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 401.33 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.73 344.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 456.80 344.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 502.29 344.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.47 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.87 344.10 Td (mer) Tj ET Q q 0 0 0 rg BT 549.23 344.10 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.37 332.10 Td (had ) Tj ET Q q 0 0 0 rg BT 109.53 332.10 Td (been ) Tj ET Q q 0 0 0 rg BT 130.13 332.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 174.62 332.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 210.78 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.28 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.32 332.10 Td (T) Tj ET Q q 0 0 0 rg BT 231.73 332.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 276.78 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.94 332.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 337.05 332.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 383.20 332.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 406.58 332.10 Td (June ) Tj ET Q q 0 0 0 rg BT 426.64 332.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 440.86 332.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 464.71 332.10 Td (After ) Tj ET Q q 0 0 0 rg BT 487.53 332.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 534.79 332.10 Td (moved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.30 320.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 92.83 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.58 320.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.64 320.10 Td (proceeding, ) Tj ET Q q 0 0 0 rg BT 210.09 320.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 232.60 320.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 261.86 320.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 271.60 320.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 310.22 320.10 Td (their ) Tj ET Q q 0 0 0 rg BT 331.07 320.10 Td (operative ) Tj ET Q q 0 0 0 rg BT 370.80 320.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 413.31 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.61 320.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 444.46 320.10 Td (their ) Tj ET Q q 0 0 0 rg BT 465.31 320.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 493.94 320.10 Td (against ) Tj ET Q q 0 0 0 rg BT 524.79 320.10 Td (Goldman ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 76.01 308.10 Td (& ) Tj ET Q q 0 0 0 rg BT 86.47 308.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 103.33 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.45 308.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 144.79 308.10 Td (their ) Tj ET Q q 0 0 0 rg BT 165.80 308.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 211.80 308.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.49 308.10 Td (an ) Tj ET Q q 0 0 0 rg BT 236.02 308.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 285.36 308.10 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 313.02 308.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 360.12 308.10 Td (\(ABA\) ) Tj ET Q q 0 0 0 rg BT 399.46 308.10 Td (between ) Tj ET Q q 0 0 0 rg BT 435.46 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.36 308.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.93 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.05 308.10 Td (Robin ) Tj ET Q q 0 0 0 rg BT 536.18 308.10 Td (Raina. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.42 296.10 Td (September ) Tj ET Q q 0 0 0 rg BT 109.37 296.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 124.07 296.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 148.76 296.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 196.49 296.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 225.90 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.87 296.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 268.08 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.00 296.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 323.08 296.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 378.04 296.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 424.96 296.10 Td (On ) Tj ET Q q 0 0 0 rg BT 439.37 296.10 Td (July ) Tj ET Q q 0 0 0 rg BT 458.24 296.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 472.93 296.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 497.63 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.04 296.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 537.01 296.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.34 284.10 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 121.88 284.10 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 157.55 284.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.44 284.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 208.31 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.98 284.10 Td (lar) Tj ET Q q 0 0 0 rg BT 229.34 284.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 241.67 284.10 Td (part ) Tj ET Q q 0 0 0 rg BT 260.11 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.22 284.10 Td (Company) Tj ET Q q 0 0 0 rg BT 316.88 284.10 Td (s ) Tj ET Q q 0 0 0 rg BT 323.66 284.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 356.00 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.67 284.10 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 401.79 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.12 284.10 Td (narrowed ) Tj ET Q q 0 0 0 rg BT 459.77 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.87 284.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 518.30 284.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 549.80 284.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (September ) Tj ET Q q 0 0 0 rg BT 94.84 272.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 109.42 272.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 134.00 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.29 272.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 173.15 272.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 204.65 272.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.16 272.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 241.56 272.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 299.19 272.10 Td (its ) Tj ET Q q 0 0 0 rg BT 310.71 272.10 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 369.45 272.10 Td (Opinion. ) Tj ET Q q 0 0 0 rg BT 406.80 272.10 Td (On ) Tj ET Q q 0 0 0 rg BT 421.10 272.10 Td (January ) Tj ET Q q 0 0 0 rg BT 454.28 272.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 468.85 272.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 493.43 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.73 272.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 532.58 272.10 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.04 260.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 87.97 260.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 132.23 260.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 161.49 260.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 171.32 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.70 260.10 Td (file ) Tj ET Q q 0 0 0 rg BT 197.63 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.67 260.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 236.14 260.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 277.62 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.66 260.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 354.48 260.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 401.81 260.10 Td (On ) Tj ET Q q 0 0 0 rg BT 416.63 260.10 Td (February ) Tj ET Q q 0 0 0 rg BT 455.33 260.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 470.44 260.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 495.54 260.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 543.68 260.10 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.37 248.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 87.75 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.47 248.10 Td (Dismiss ) Tj ET Q q 0 0 0 rg BT 131.63 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.78 248.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 176.73 248.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 217.54 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.91 248.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 293.05 248.10 Td (Complaint, ) Tj ET Q q 0 0 0 rg BT 339.71 248.10 Td (which ) Tj ET Q q 0 0 0 rg BT 366.08 248.10 Td (was ) Tj ET Q q 0 0 0 rg BT 383.57 248.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 415.49 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.20 248.10 Td (part ) Tj ET Q q 0 0 0 rg BT 442.68 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.05 248.10 Td (denied ) Tj ET Q q 0 0 0 rg BT 487.64 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.35 248.10 Td (part ) Tj ET Q q 0 0 0 rg BT 514.83 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.54 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.92 248.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 65.00 236.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.51 236.10 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 146.67 236.10 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 181.95 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.90 236.10 Td (Order) Tj ET Q q 0 0 0 rg BT 221.67 236.10 Td (. ) Tj ET Q q 0 0 0 rg BT 226.67 236.10 Td (On ) Tj ET Q q 0 0 0 rg BT 241.40 236.10 Td (October ) Tj ET Q q 0 0 0 rg BT 276.11 236.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 291.11 236.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 316.12 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.84 236.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 356.12 236.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 388.05 236.10 Td (an ) Tj ET Q q 0 0 0 rg BT 400.00 236.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 425.82 236.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 469.99 236.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 492.48 236.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 521.74 236.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 531.46 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.75 236.10 Td (file ) Tj ET Q q 0 0 0 rg BT 557.58 236.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 224.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 84.08 224.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 107.87 224.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 148.77 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.23 224.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 224.47 224.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 247.71 224.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 276.95 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.41 224.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 337.63 224.10 Td (Complaint, ) Tj ET Q q 0 0 0 rg BT 384.38 224.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.84 224.10 Td (made ) Tj ET Q q 0 0 0 rg BT 434.51 224.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 476.52 224.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 504.65 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.11 224.10 Td (added ) Tj ET Q q 0 0 0 rg BT 547.01 224.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.65 212.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.64 212.10 Td (defendants. ) Tj ET Q q 0 0 0 rg BT 147.12 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.59 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 167.61 212.10 Td (V) Tj ET Q q 0 0 0 rg BT 173.72 212.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 202.29 212.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 226.58 212.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 268.12 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.22 212.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 345.10 212.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 368.85 212.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 398.73 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.83 212.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 460.69 212.10 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 505.58 212.10 Td (was ) Tj ET Q q 0 0 0 rg BT 523.79 212.10 Td (then ) Tj ET Q q 0 0 0 rg BT 543.67 212.10 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.57 200.10 Td (October ) Tj ET Q q 0 0 0 rg BT 95.34 200.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 109.41 200.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 133.37 200.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.48 200.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 178.16 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.93 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.83 200.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 236.18 200.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 247.19 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.19 200.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 293.64 200.10 Td (class ) Tj ET Q q 0 0 0 rg BT 314.65 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.65 200.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 372.20 200.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 395.98 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.21 200.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 437.43 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.33 200.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 484.99 200.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 504.34 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 517.56 200.10 Td (improperly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 101.02 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.77 188.10 Td (ABA) Tj ET Q q 0 0 0 rg BT 136.33 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.58 188.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.17 188.10 Td (an ) Tj ET Q q 0 0 0 rg BT 163.86 188.10 Td (unreasonable ) Tj ET Q q 0 0 0 rg BT 219.86 188.10 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 275.86 188.10 Td (device; ) Tj ET Q q 0 0 0 rg BT 307.99 188.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 323.46 188.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.15 188.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 373.28 188.10 Td (class ) Tj ET Q q 0 0 0 rg BT 395.97 188.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 421.43 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.34 188.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 466.24 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.82 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.29 188.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 532.64 188.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 553.67 188.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 92.24 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.70 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.61 176.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 167.85 176.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.31 176.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 217.32 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.79 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.69 176.10 Td (Company) Tj ET Q q 0 0 0 rg BT 282.36 176.10 Td (s ) Tj ET Q q 0 0 0 rg BT 287.94 176.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 309.63 176.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 335.21 176.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 376.89 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.02 176.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 414.71 176.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 439.17 176.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 478.07 176.10 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 500.31 176.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 517.00 176.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.13 176.10 Td (purported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.81 164.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 117.86 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.35 164.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 161.83 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.00 164.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 211.92 164.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 232.53 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.15 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.20 164.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.92 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.53 164.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 343.91 164.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 383.39 164.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 441.77 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.38 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.65 164.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 501.35 164.10 Td (under ) Tj ET Q q 0 0 0 rg BT 526.96 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 164.10 Td (2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.39 152.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 113.20 152.10 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 135.36 152.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 151.41 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.46 152.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 197.94 152.10 Td (class ) Tj ET Q q 0 0 0 rg BT 218.99 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.04 152.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 276.63 152.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 300.45 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.72 152.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 341.97 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.91 152.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 389.61 152.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 409.00 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.61 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.00 152.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 456.60 152.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.41 152.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 511.46 152.10 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.36 140.10 Td (December ) Tj ET Q q 0 0 0 rg BT 103.80 140.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 117.66 140.10 Td (2014; ) Tj ET Q q 0 0 0 rg BT 141.80 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.16 140.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 156.18 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.97 140.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 202.21 140.10 Td (class ) Tj ET Q q 0 0 0 rg BT 223.01 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.80 140.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 280.14 140.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 303.71 140.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 335.62 140.10 Td (invalidation ) Tj ET Q q 0 0 0 rg BT 384.75 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.44 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.01 140.10 Td (December ) Tj ET Q q 0 0 0 rg BT 450.45 140.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 464.31 140.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 485.67 140.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 511.47 140.10 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.97 128.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 115.48 128.10 Td (law; ) Tj ET Q q 0 0 0 rg BT 134.90 128.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 151.55 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.19 128.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 199.27 128.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 223.69 128.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.55 128.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 266.40 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.94 128.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 315.24 128.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 335.22 128.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.08 128.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.07 128.10 Td (duly ) Tj ET Q q 0 0 0 rg BT 384.05 128.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 421.25 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.19 128.10 Td (ABA) Tj ET Q q 0 0 0 rg BT 455.75 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.95 128.10 Td (at ) Tj ET Q q 0 0 0 rg BT 467.37 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.79 128.10 Td (July ) Tj ET Q q 0 0 0 rg BT 500.67 128.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 515.37 128.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 537.58 128.10 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 86.74 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.20 116.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 135.77 116.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 182.77 116.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 205.89 116.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 255.68 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.48 116.10 Td (ABA; ) Tj ET Q q 0 0 0 rg BT 295.39 116.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 314.64 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.10 116.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 362.00 116.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 386.24 116.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.93 116.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 428.60 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.95 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.19 116.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 491.31 116.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 511.12 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.47 116.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.97 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.39 104.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 127.13 104.10 Td (with ) Tj ET Q q 0 0 0 rg BT 147.11 104.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 177.62 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.59 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.52 104.10 Td (ABA, ) Tj ET Q q 0 0 0 rg BT 227.33 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.96 104.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 276.71 104.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 323.87 104.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 347.16 104.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 397.13 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.06 104.10 Td (ABA; ) Tj ET Q q 0 0 0 rg BT 437.15 104.10 Td (\(viii\) ) Tj ET Q q 0 0 0 rg BT 459.34 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.97 104.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 507.04 104.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 531.45 104.10 Td (seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (invalidation ) Tj ET Q q 0 0 0 rg BT 100.20 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.97 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.62 92.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 148.06 92.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 198.82 92.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 237.08 92.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 259.51 92.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 303.61 92.10 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 357.98 92.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 380.41 92.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 405.63 92.10 Td (Split ) Tj ET Q q 0 0 0 rg BT 426.96 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.83 92.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 490.71 92.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 530.90 92.10 Td (actions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 69.92 80.10 Td (\(ix\) ) Tj ET Q q 0 0 0 rg BT 87.35 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.77 80.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 136.63 80.10 Td (class ) Tj ET Q q 0 0 0 rg BT 159.06 80.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 184.25 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.90 80.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 228.53 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.84 80.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 278.92 80.10 Td (duty) Tj ET Q q 0 0 0 rg BT 296.05 80.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.53 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.96 80.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 352.49 80.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 400.45 80.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 424.52 80.10 Td (invalidating ) Tj ET Q q 0 0 0 rg BT 475.28 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 80.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 513.46 80.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 536.45 80.10 Td (Bonus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 70.24 68.10 Td (because ) Tj ET Q q 0 0 0 rg BT 104.35 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.14 68.10 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 162.03 68.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 208.93 68.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.17 68.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 259.94 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.18 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.32 68.10 Td (ABA. ) Tj ET Q q 0 0 0 rg BT 310.39 68.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 332.84 68.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 362.10 68.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 371.78 68.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 392.01 68.10 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 439.44 68.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 463.00 68.10 Td (with ) Tj ET Q q 0 0 0 rg BT 483.24 68.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 514.01 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.39 68.10 Td (ABA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.70 56.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 89.18 56.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 115.44 56.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 156.12 56.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 179.88 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.58 56.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 219.06 56.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 246.43 56.10 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 292.40 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.88 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 56.10 Td (bylaw ) Tj ET Q q 0 0 0 rg BT 339.50 56.10 Td (amendments, ) Tj ET Q q 0 0 0 rg BT 396.02 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.71 56.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 435.20 56.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 487.00 56.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 526.31 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 56.10 Td (2008 ) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 94.29 742.10 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 148.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.81 742.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 186.50 742.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 211.96 742.10 Td (Split, ) Tj ET Q q 0 0 0 rg BT 236.04 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.17 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.07 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 290.75 742.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 313.44 742.10 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 341.69 742.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 364.65 742.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 387.32 742.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 416.58 742.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 426.49 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 445.29 742.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 465.74 742.10 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 524.52 742.10 Td (damages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 84.16 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.82 730.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 140.06 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.28 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 160.61 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.27 730.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 201.99 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 216.44 730.10 Td (October ) Tj ET Q q 0 0 0 rg BT 250.87 730.10 Td (31. ) Tj ET Q q 0 0 0 rg BT 265.59 730.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 290.31 730.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 312.52 730.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 341.78 730.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 351.23 730.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 371.78 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.44 730.10 Td (Motion ) Tj ET Q q 0 0 0 rg BT 410.11 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.99 730.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 447.89 730.10 Td (Certification. ) Tj ET Q q 0 0 0 rg BT 503.15 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.37 730.10 Td (On ) Tj ET Q q 0 0 0 rg BT 519.81 730.10 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 59.38 718.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 83.75 718.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 105.61 718.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 134.88 718.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 143.98 718.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 173.07 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.61 718.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 214.02 718.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 253.12 718.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 292.77 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.64 718.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 334.85 718.10 Td (\(ii\), ) Tj ET Q q 0 0 0 rg BT 351.45 718.10 Td (\(iii\), ) Tj ET Q q 0 0 0 rg BT 370.82 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.13 718.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 403.45 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.66 718.10 Td (described ) Tj ET Q q 0 0 0 rg BT 453.85 718.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 482.10 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.84 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 501.27 718.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 538.13 718.10 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.94 706.10 Td (defendants ) Tj ET Q q 0 0 0 rg BT 104.87 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.27 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.98 706.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 151.45 706.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 191.94 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.00 706.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 266.82 706.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 289.75 706.10 Td (Action ) Tj ET Q q 0 0 0 rg BT 318.58 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.63 706.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 378.45 706.10 Td (Complaint ) Tj ET Q q 0 0 0 rg BT 422.28 706.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 451.11 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.51 706.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 492.13 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 503.74 706.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 533.69 706.10 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 74.15 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.48 694.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 133.80 694.10 Td (Defendants ) Tj ET Q q 0 0 0 rg BT 181.12 694.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 210.12 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.67 694.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 251.47 694.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 281.58 694.10 Td (\(v\), ) Tj ET Q q 0 0 0 rg BT 297.52 694.10 Td (\(vi\), ) Tj ET Q q 0 0 0 rg BT 316.24 694.10 Td (\(vii\), ) Tj ET Q q 0 0 0 rg BT 337.74 694.10 Td (\(viii\), ) Tj ET Q q 0 0 0 rg BT 362.02 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.24 694.10 Td (\(ix\) ) Tj ET Q q 0 0 0 rg BT 394.46 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 404.57 694.10 Td (described ) Tj ET Q q 0 0 0 rg BT 444.67 694.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 472.82 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.04 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 509.70 694.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 529.81 694.10 Td (answers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.84 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.11 682.10 Td (other ) Tj ET Q q 0 0 0 rg BT 96.72 682.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 124.88 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.71 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.84 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 154.95 682.10 Td (erified ) Tj ET Q q 0 0 0 rg BT 182.96 682.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 206.78 682.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 247.71 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.21 682.10 Td (Supplemented ) Tj ET Q q 0 0 0 rg BT 323.48 682.10 Td (Complaint. ) Tj ET Q q 0 0 0 rg BT 370.26 682.10 Td (Briefing ) Tj ET Q q 0 0 0 rg BT 405.64 682.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 446.58 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.30 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.57 682.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 508.85 682.10 Td (motions ) Tj ET Q q 0 0 0 rg BT 543.13 682.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 86.66 670.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 101.37 670.10 Td (set ) Tj ET Q q 0 0 0 rg BT 114.98 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.92 670.10 Td (discovery ) Tj ET Q q 0 0 0 rg BT 173.30 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.47 670.10 Td (on-going. ) Tj ET Q q 0 0 0 rg BT 223.39 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 241.44 670.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 282.83 670.10 Td (denies ) Tj ET Q q 0 0 0 rg BT 310.87 670.10 Td (any ) Tj ET Q q 0 0 0 rg BT 327.81 670.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 361.42 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.36 670.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 409.75 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.02 670.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 449.73 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.45 670.10 Td (action ) Tj ET Q q 0 0 0 rg BT 491.38 670.10 Td (vigorously) Tj ET Q q 0 0 0 rg BT 533.51 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 636.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.78 636.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.90 636.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.80 636.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 195.02 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.03 636.10 Td (various ) Tj ET Q q 0 0 0 rg BT 238.70 636.10 Td (other ) Tj ET Q q 0 0 0 rg BT 262.48 636.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 291.82 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.49 636.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 332.15 636.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 363.71 636.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 394.16 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.17 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.62 636.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 457.72 636.10 Td (course ) Tj ET Q q 0 0 0 rg BT 487.05 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.62 636.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 538.24 636.10 Td (In ) Tj ET Q q 0 0 0 rg BT 549.80 636.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 82.89 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.55 624.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 149.47 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.01 624.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 199.11 624.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 224.22 624.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 270.44 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.11 624.10 Td (these ) Tj ET Q q 0 0 0 rg BT 303.98 624.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 335.75 624.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.63 624.10 Td (not ) Tj ET Q q 0 0 0 rg BT 368.74 624.10 Td (have ) Tj ET Q q 0 0 0 rg BT 389.95 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.72 624.10 Td (material ) Tj ET Q q 0 0 0 rg BT 431.81 624.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 464.68 624.10 Td (ef) Tj ET Q q 0 0 0 rg BT 472.26 624.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 489.58 624.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.91 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 624.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 624.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 612.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 612.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 177.75 612.10 Td (results ) Tj ET Q q 0 0 0 rg BT 206.36 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.19 612.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 261.34 612.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.17 612.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 305.42 612.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 590.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 102.24 590.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.78 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.12 590.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.81 590.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 262.48 590.10 Td (of) Tj ET Q q 0 0 0 rg BT 270.63 590.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 289.42 590.10 Td (space ) Tj ET Q q 0 0 0 rg BT 315.42 590.10 Td (under ) Tj ET Q q 0 0 0 rg BT 341.99 590.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 406.30 590.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 447.86 590.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 475.54 590.10 Td (with ) Tj ET Q q 0 0 0 rg BT 497.11 590.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 541.45 590.10 Td (dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 82.91 578.10 Td (through ) Tj ET Q q 0 0 0 rg BT 116.39 578.10 Td (2029, ) Tj ET Q q 0 0 0 rg BT 141.25 578.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.40 578.10 Td (various ) Tj ET Q q 0 0 0 rg BT 193.20 578.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 227.21 578.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 261.53 578.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 292.77 578.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 319.02 578.10 Td (range ) Tj ET Q q 0 0 0 rg BT 343.59 578.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.39 578.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.38 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.74 578.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.89 578.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.44 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.80 578.10 Td (years ) Tj ET Q q 0 0 0 rg BT 439.27 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.07 578.10 Td (are ) Tj ET Q q 0 0 0 rg BT 470.64 578.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 510.22 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.25 578.10 Td (computer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 97.03 566.10 Td (There ) Tj ET Q q 0 0 0 rg BT 122.85 566.10 Td (were ) Tj ET Q q 0 0 0 rg BT 144.78 566.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 180.61 566.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.44 566.10 Td (under ) Tj ET Q q 0 0 0 rg BT 231.70 566.10 Td (various ) Tj ET Q q 0 0 0 rg BT 263.64 566.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 306.69 566.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 335.84 566.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 362.22 566.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.94 566.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.52 566.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.52 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.02 566.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.96 566.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.96 566.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 544.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 158.52 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.04 544.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 214.78 544.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 244.29 544.10 Td (under ) Tj ET Q q 0 0 0 rg BT 269.91 544.10 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 336.06 544.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 365.29 544.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.36 544.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 435.16 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.45 544.10 Td (future ) Tj ET Q q 0 0 0 rg BT 479.18 544.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 517.57 544.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 532.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.24 532.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.74 532.10 Td (were ) Tj ET Q q 0 0 0 rg BT 174.67 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 185.50 532.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 463.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 463.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 463.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 463.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 463.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 435.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 435.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 435.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 435.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 435.60 48.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 379.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 379.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 379.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 379.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 379.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 351.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 351.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 351.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 351.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 351.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 323.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 323.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 323.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 323.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 323.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 295.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 295.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 295.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 295.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 295.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 295.60 62.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 477.6 m 309.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 477.6 m 361.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 477.6 m 413.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 477.6 m 467.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 477.6 m 474.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 477.6 m 536.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 379.6 m 361.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 379.6 m 413.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 379.6 m 467.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 379.6 m 536.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 379.6 m 361.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 365.6 m 361.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 379.6 m 413.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 365.6 m 413.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 365.6 m 467.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 379.6 m 536.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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q 0 0 0 rg BT 330.10 426.17 Td (12,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 426.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 426.17 Td (2,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 426.17 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 412.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.10 412.17 Td (12,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 412.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 412.17 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 412.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.10 398.17 Td (222,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 398.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 398.17 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 398.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 384.17 Td 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264.46 260.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 309.71 260.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.08 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.90 260.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 392.71 260.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 419.62 260.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.32 260.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.32 260.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.87 260.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.87 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.41 260.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.89 260.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.89 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.93 260.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.52 260.10 Td ($6.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 248.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 248.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 103.89 248.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.78 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.28 248.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 248.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 172.22 248.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.11 248.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 253.77 248.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 226.10 Td (Sublease ) Tj ET Q q 0 0 0 rg BT 110.55 226.10 Td (income ) Tj ET Q q 0 0 0 rg BT 142.48 226.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 226.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 226.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.64 226.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.64 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.14 226.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 226.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 204.10 Td (Self ) Tj ET Q q 0 0 0 rg BT 90.67 204.10 Td (Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.45 204.10 Td (For ) Tj ET Q q 0 0 0 rg BT 159.40 204.10 Td (many ) Tj ET Q q 0 0 0 rg BT 183.67 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.06 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 204.10 Td (Company) Tj ET Q q 0 0 0 rg BT 250.00 204.10 Td (s ) Tj ET Q q 0 0 0 rg BT 255.95 204.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 275.79 204.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 320.62 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.89 204.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.83 204.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.56 204.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 422.71 204.10 Td (self-insured ) Tj ET Q q 0 0 0 rg BT 471.98 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.70 204.10 Td (its ) Tj ET Q q 0 0 0 rg BT 497.20 204.10 Td (health ) Tj ET Q q 0 0 0 rg BT 523.70 204.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (program ) Tj ET Q q 0 0 0 rg BT 86.70 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.96 192.10 Td (has ) Tj ET Q q 0 0 0 rg BT 120.12 192.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.38 192.10 Td (stop ) Tj ET Q q 0 0 0 rg BT 146.88 192.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.26 192.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 193.08 192.10 Td (that ) Tj ET Q q 0 0 0 rg BT 210.90 192.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 236.51 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.55 192.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 294.93 192.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 328.86 192.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.47 192.10 Td ($120 ) Tj ET Q q 0 0 0 rg BT 362.29 192.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.40 192.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.22 192.10 Td (per ) Tj ET Q q 0 0 0 rg BT 416.82 192.10 Td (person ) Tj ET Q q 0 0 0 rg BT 446.30 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.56 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.61 192.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 520.29 192.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 554.23 192.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.33 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.17 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.33 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.38 180.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 140.75 180.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 169.69 180.10 Td (based ) Tj ET Q q 0 0 0 rg BT 195.30 180.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 218.13 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.19 180.10 Td (number ) Tj ET Q q 0 0 0 rg BT 266.57 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.73 180.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 327.22 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.50 180.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 384.54 180.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 415.36 180.10 Td (As ) Tj ET Q q 0 0 0 rg BT 429.31 180.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.47 180.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.39 180.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.39 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.23 180.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 180.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 180.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.27 168.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 98.32 168.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 132.45 168.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.50 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.77 168.10 Td (Company) Tj ET Q q 0 0 0 rg BT 202.44 168.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.38 168.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 262.97 168.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 296.56 168.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 320.16 168.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.87 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.14 168.10 Td (self-insured ) Tj ET Q q 0 0 0 rg BT 400.40 168.10 Td (component ) Tj ET Q q 0 0 0 rg BT 447.88 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.26 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.53 168.10 Td (Company) Tj ET Q q 0 0 0 rg BT 516.20 168.10 Td (s ) Tj ET Q q 0 0 0 rg BT 523.14 168.10 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (health ) Tj ET Q q 0 0 0 rg BT 76.96 156.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 117.81 156.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.89 156.10 Td ($346 ) Tj ET Q q 0 0 0 rg BT 158.42 156.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.53 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.06 156.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.03 156.10 Td ($276 ) Tj ET Q q 0 0 0 rg BT 236.56 156.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.67 156.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.70 156.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 325.36 156.10 Td (. ) Tj ET Q q 0 0 0 rg BT 330.21 156.10 Td (The ) Tj ET Q q 0 0 0 rg BT 348.29 156.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 391.37 156.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 428.89 156.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 469.74 156.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 516.70 156.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 550.34 156.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 144.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 93.87 144.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 128.57 144.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 159.12 144.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.06 144.10 Td (ends ) Tj ET Q q 0 0 0 rg BT 206.89 144.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.17 144.10 Td (September ) Tj ET Q q 0 0 0 rg BT 262.43 144.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 287.43 144.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.60 144.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 316.60 144.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.49 144.10 Td (.) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 730.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 82.49 730.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 102.87 730.25 Td (e-based ) Tj ET Q q 0 0 0 rg BT 137.59 730.25 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 708.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 124.35 708.25 Td (Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.25 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 185.25 708.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.59 708.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 262.03 708.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.15 708.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 332.14 708.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 365.81 708.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 408.36 708.25 Td (with ) Tj ET Q q 0 0 0 rg BT 427.59 708.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 450.15 708.25 Td (options ) Tj ET Q q 0 0 0 rg BT 481.06 708.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 507.51 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.74 708.25 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 91.85 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.44 696.25 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 171.68 696.25 Td (based ) Tj ET Q q 0 0 0 rg BT 196.59 696.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.74 696.25 Td (their ) Tj ET Q q 0 0 0 rg BT 229.21 696.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 245.23 696.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 271.53 696.25 Td (which ) Tj ET Q q 0 0 0 rg BT 298.12 696.25 Td (is ) Tj ET Q q 0 0 0 rg BT 306.93 696.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 349.61 696.25 Td (using ) Tj ET Q q 0 0 0 rg BT 373.42 696.25 Td (an ) Tj ET Q q 0 0 0 rg BT 385.01 696.25 Td (option ) Tj ET Q q 0 0 0 rg BT 412.71 696.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 443.18 696.25 Td (model, ) Tj ET Q q 0 0 0 rg BT 472.82 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.41 696.25 Td (is ) Tj ET Q q 0 0 0 rg BT 498.22 696.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 544.23 696.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.60 684.25 Td (service ) Tj ET Q q 0 0 0 rg BT 95.30 684.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 125.73 684.25 Td (which ) Tj ET Q q 0 0 0 rg BT 152.56 684.25 Td (is ) Tj ET Q q 0 0 0 rg BT 161.61 684.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 192.89 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.49 684.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 238.76 684.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 268.67 684.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 684.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 339.52 684.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.52 684.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.41 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.01 684.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 420.28 684.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.10 684.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.54 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 453.93 684.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 481.31 684.25 Td (based ) Tj ET Q q 0 0 0 rg BT 506.46 684.25 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.88 672.25 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.10 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.26 672.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 109.53 672.25 Td (options ) Tj ET Q q 0 0 0 rg BT 141.14 672.25 Td (were ) Tj ET Q q 0 0 0 rg BT 162.73 672.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 194.88 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.82 672.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 249.75 672.25 Td (or ) Tj ET Q q 0 0 0 rg BT 260.24 672.25 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 323.50 672.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.77 672.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.77 672.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.43 672.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.43 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.59 672.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.19 672.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.19 672.25 Td (; ) Tj ET Q q 0 0 0 rg BT 440.13 672.25 Td (however) Tj ET Q q 0 0 0 rg BT 474.16 672.25 Td (, ) Tj ET Q q 0 0 0 rg BT 478.82 672.25 Td (options ) Tj ET Q q 0 0 0 rg BT 510.43 672.25 Td (were ) Tj ET Q q 0 0 0 rg BT 532.02 672.25 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.82 660.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 99.07 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.89 660.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.93 660.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.93 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.97 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.45 660.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 173.99 660.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 198.81 660.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 256.39 660.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 290.64 660.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.01 660.25 Td ($340 ) Tj ET Q q 0 0 0 rg BT 323.05 660.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.16 660.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.70 660.25 Td ($294 ) Tj ET Q q 0 0 0 rg BT 385.74 660.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.85 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 423.89 660.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.37 660.25 Td ($305 ) Tj ET Q q 0 0 0 rg BT 462.41 660.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.52 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 500.56 660.25 Td (was ) Tj ET Q q 0 0 0 rg BT 518.15 660.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.61 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.33 648.25 Td (years ) Tj ET Q q 0 0 0 rg BT 116.92 648.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 146.64 648.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.22 648.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.22 648.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 648.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 648.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.72 648.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.66 648.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.66 648.25 Td (, ) Tj ET Q q 0 0 0 rg BT 294.66 648.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 342.32 648.25 Td (, ) Tj ET Q q 0 0 0 rg BT 347.32 648.25 Td (on ) Tj ET Q q 0 0 0 rg BT 359.82 648.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 408.99 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.93 648.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 463.97 648.25 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 626.25 Td (The ) Tj ET Q q 0 0 0 rg BT 116.64 626.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 132.61 626.25 Td (value ) Tj ET Q q 0 0 0 rg BT 156.36 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.78 626.25 Td (options ) Tj ET Q q 0 0 0 rg BT 198.33 626.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 230.41 626.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.61 626.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.61 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.70 626.25 Td (is ) Tj ET Q q 0 0 0 rg BT 289.46 626.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 329.88 626.25 Td (on ) Tj ET Q q 0 0 0 rg BT 341.97 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.28 626.25 Td (date ) Tj ET Q q 0 0 0 rg BT 375.03 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.46 626.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 408.10 626.25 Td (using ) Tj ET Q q 0 0 0 rg BT 431.86 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.17 626.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 506.03 626.25 Td (option ) Tj ET Q q 0 0 0 rg BT 533.68 626.25 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 78.71 614.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.57 614.25 Td (following ) Tj ET Q q 0 0 0 rg BT 135.77 614.25 Td (table ) Tj ET Q q 0 0 0 rg BT 156.52 614.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 191.16 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.69 614.25 Td (weighted- ) Tj ET Q q 0 0 0 rg BT 245.99 614.25 Td (average ) Tj ET Q q 0 0 0 rg BT 278.39 614.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 329.15 614.25 Td (used ) Tj ET Q q 0 0 0 rg BT 348.79 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.88 614.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 400.86 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.39 614.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 429.58 614.25 Td (values ) Tj ET Q q 0 0 0 rg BT 456.44 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.19 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.72 614.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 522.03 614.25 Td (weighted-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.58 602.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 99.96 602.25 Td (value ) Tj ET Q q 0 0 0 rg BT 124.12 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.95 602.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 158.55 602.25 Td (options ) Tj ET Q q 0 0 0 rg BT 190.50 602.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 222.99 602.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.27 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.98 602.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.92 602.25 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 557.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 557.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 557.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 529.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 529.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 529.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 501.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 501.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 501.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 557.75 m 420.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 557.75 m 489.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 557.75 m 558.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 557.75 m 420.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 557.75 m 489.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 557.75 m 558.5 557.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.40 582.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.40 572.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 562.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.40 582.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.40 572.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.50 562.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 582.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.40 572.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.50 562.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.32 Td (Weighted average fair values of stock options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 548.32 Td (19.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 548.32 Td (7.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 548.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.32 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 534.32 Td (55.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 534.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 534.32 Td (55.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 534.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 534.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 534.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.32 Td (Expected dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 520.32 Td (.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 520.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 520.32 Td (1.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 520.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 520.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 520.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.32 Td (Weighted average risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 506.32 Td (1.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 506.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 506.32 Td (1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 506.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 506.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 506.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.32 Td (Expected life of stock options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.50 492.32 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 492.32 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 492.32 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 105.67 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.17 454.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 147.89 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.72 454.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 182.33 454.25 Td (option ) Tj ET Q q 0 0 0 rg BT 210.38 454.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 242.87 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.03 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.75 454.25 Td (years ) Tj ET Q q 0 0 0 rg BT 295.35 454.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 321.72 454.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.31 454.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.31 454.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.31 454.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.31 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.81 454.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.75 454.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.75 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.25 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 476.42 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 487.25 454.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 356.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 356.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 356.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 356.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 328.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 328.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 300.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.75 212.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 272.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 272.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 272.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 272.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 272.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 272.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 272.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 243.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 243.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 243.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 243.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 243.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 215.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 215.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 215.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 215.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 215.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 215.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 215.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 187.75 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 187.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 187.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 187.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 187.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 187.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 187.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 187.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 379.75 m 318.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 379.75 m 378.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 379.75 m 442.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 379.75 m 502.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 300.75 m 318.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 287.75 m 318.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 285.75 m 318.5 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 243.75 m 318.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 230.75 m 318.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 228.75 m 318.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 187.75 m 318.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 174.75 m 318.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 172.75 m 318.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 160.75 m 318.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 158.75 m 318.5 158.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.60 384.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 414.43 Td (W) Tj ET Q q 0 0 0 rg BT 339.15 414.43 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.60 404.43 Td (A) Tj ET Q q 0 0 0 rg BT 339.08 404.43 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 394.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 352.37 394.43 Td (cise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.85 384.43 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.70 434.43 Td (W) Tj ET Q q 0 0 0 rg BT 401.15 434.43 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.60 424.43 Td (A) Tj ET Q q 0 0 0 rg BT 401.08 424.43 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 414.43 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 404.43 Td (Contractual) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 394.43 Td (T) Tj ET Q q 0 0 0 rg BT 406.25 394.43 Td (erm ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.70 384.43 Td (\(Y) Tj ET Q q 0 0 0 rg BT 406.14 384.43 Td (ears\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 404.43 Td (Aggr) Tj ET Q q 0 0 0 rg BT 473.63 404.43 Td (egate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 394.43 Td (Intrinsic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.95 384.43 Td (V) Tj ET Q q 0 0 0 rg BT 468.25 384.43 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 361.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 370.48 Td (\(in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 360.48 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.32 Td (Outstanding at January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 347.32 Td (792,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 347.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 347.32 Td (8.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 347.32 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 347.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 347.32 Td (5,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 333.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 333.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.32 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.80 319.37 Td (\(450,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 319.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 319.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 319.32 Td (1.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.32 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.80 305.37 Td (\(135,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 305.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 305.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 305.32 Td (17.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.32 Td (Outstanding at December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 291.32 Td (207,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 291.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 291.32 Td (16.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 291.32 Td (1.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 291.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 291.32 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 277.32 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 277.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 277.32 Td (22.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.42 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.80 262.47 Td (\(109,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 262.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 262.42 Td (20.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 248.32 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 248.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 234.32 Td (Outstanding at December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 234.32 Td (139,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 234.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 234.32 Td (15.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 234.32 Td (2.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 234.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 234.32 Td (2,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 220.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 220.32 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 220.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 220.32 Td (49.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 206.32 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.80 206.37 Td (\(72,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 206.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 206.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 206.32 Td (11.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.32 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 192.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 178.32 Td (Outstanding at December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 178.32 Td (109,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 178.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 178.32 Td (30.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 178.32 Td (3.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 178.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 178.32 Td (2,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.32 Td (Exercisable at December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 164.32 Td (34,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 164.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 164.32 Td (18.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 164.32 Td (2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 164.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 164.32 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 138.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.22 138.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 158.76 138.25 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 194.21 138.25 Td (value ) Tj ET Q q 0 0 0 rg BT 218.54 138.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.87 138.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.66 138.25 Td (options ) Tj ET Q q 0 0 0 rg BT 288.78 138.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 338.12 138.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.23 138.25 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 402.88 138.25 Td (is ) Tj ET Q q 0 0 0 rg BT 412.22 138.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 444.88 138.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.89 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.78 138.25 Td (dif) Tj ET Q q 0 0 0 rg BT 481.71 138.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 513.79 138.25 Td (between ) Tj ET Q q 0 0 0 rg BT 549.79 138.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.68 126.25 Td (value ) Tj ET Q q 0 0 0 rg BT 105.25 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.50 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.63 126.25 Td (Company) Tj ET Q q 0 0 0 rg BT 173.30 126.25 Td (s ) Tj ET Q q 0 0 0 rg BT 180.10 126.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 204.13 126.25 Td (as ) Tj ET Q q 0 0 0 rg BT 215.38 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.62 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.76 126.25 Td (end ) Tj ET Q q 0 0 0 rg BT 259.11 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.36 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.49 126.25 Td (period ) Tj ET Q q 0 0 0 rg BT 313.95 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.31 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.44 126.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 382.11 126.25 Td (price ) Tj ET Q q 0 0 0 rg BT 405.02 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.26 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.40 126.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 455.42 126.25 Td (options. ) Tj ET Q q 0 0 0 rg BT 490.07 126.25 Td (The ) Tj ET Q q 0 0 0 rg BT 508.54 126.25 Td (total ) Tj ET Q q 0 0 0 rg BT 529.23 126.25 Td (intrinsic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.16 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.99 114.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 108.59 114.25 Td (options ) Tj ET Q q 0 0 0 rg BT 140.54 114.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 180.80 114.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.40 114.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.40 114.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.40 114.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.40 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.90 114.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.84 114.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.84 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.34 114.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.39 114.25 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 334.39 114.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.29 114.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.29 114.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 388.29 114.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.18 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 422.18 114.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.12 114.25 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 459.12 114.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.01 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 493.01 114.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 540.67 114.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 92.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 121.32 92.25 Td (received ) Tj ET Q q 0 0 0 rg BT 157.50 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 168.15 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.68 92.25 Td (value ) Tj ET Q q 0 0 0 rg BT 206.66 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.30 92.25 Td (stocks ) Tj ET Q q 0 0 0 rg BT 244.62 92.25 Td (canceled ) Tj ET Q q 0 0 0 rg BT 281.91 92.25 Td (from ) Tj ET Q q 0 0 0 rg BT 303.67 92.25 Td (option ) Tj ET Q q 0 0 0 rg BT 331.54 92.25 Td (exercises ) Tj ET Q q 0 0 0 rg BT 370.51 92.25 Td (under ) Tj ET Q q 0 0 0 rg BT 395.59 92.25 Td (all ) Tj ET Q q 0 0 0 rg BT 407.91 92.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 457.42 92.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 494.18 92.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 550.36 92.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 80.25 Td (years ) Tj ET Q q 0 0 0 rg BT 88.32 80.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.69 80.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.28 80.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.28 80.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.28 80.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.28 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.78 80.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.71 80.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.71 80.25 Td (, ) Tj ET Q q 0 0 0 rg BT 262.71 80.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.77 80.25 Td ($824 ) Tj ET Q q 0 0 0 rg BT 303.27 80.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.38 80.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.38 80.25 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 364.38 80.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.27 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.77 80.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.71 80.25 Td ($788 ) Tj ET Q q 0 0 0 rg BT 435.21 80.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.31 80.25 Td (, ) Tj ET Q q 0 0 0 rg BT 476.31 80.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 523.97 80.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 58.25 Td (A) Tj ET Q q 0 0 0 rg BT 105.67 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.96 58.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 147.46 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.08 58.25 Td (non-vested ) Tj ET Q q 0 0 0 rg BT 204.24 58.25 Td (options ) Tj ET Q q 0 0 0 rg BT 235.98 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.70 58.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 287.19 58.25 Td (for ) Tj ET Q q 0 0 0 rg BT 301.14 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.64 58.25 Td (years ) Tj ET Q q 0 0 0 rg BT 339.03 58.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.19 58.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.56 58.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.56 58.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.35 58.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.35 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 470.64 58.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.36 58.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.36 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.65 58.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.60 58.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.22 58.25 Td (follows:) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 681.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 681.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 681.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 681.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 653.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 653.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 653.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 653.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 625.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 625.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 625.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 625.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 597.50 212.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 597.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 597.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 597.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 568.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 568.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 568.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 568.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 540.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 540.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 540.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 540.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 141.50 512.50 212.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 512.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 512.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 512.50 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 704.5 m 409.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 704.5 m 469.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 625.5 m 409.5 625.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 612.5 m 409.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 610.5 m 409.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 568.5 m 409.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 555.5 m 409.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 553.5 m 409.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 512.5 m 409.5 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 499.5 m 409.5 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 497.5 m 409.5 497.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.45 729.18 Td (Non-Vested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.85 719.18 Td (Number of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.60 709.18 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.70 739.18 Td (W) Tj ET Q q 0 0 0 rg BT 430.15 739.18 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.60 729.18 Td (A) Tj ET Q q 0 0 0 rg BT 430.08 729.18 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.00 719.18 Td (Exer) Tj ET Q q 0 0 0 rg BT 443.37 719.18 Td (cise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.85 709.18 Td (Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 686.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 686.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 686.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 672.07 Td (Non-vested balance at January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 672.07 Td (112,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 672.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 672.07 Td (17.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 658.07 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 658.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 658.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 658.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 644.07 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 644.12 Td (\(45,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 644.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 644.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 644.07 Td (18.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 630.07 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 630.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 630.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 630.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 616.07 Td (Non-vested balance at December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 616.07 Td (67,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 616.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 616.07 Td (16.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 602.07 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 602.07 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 602.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 602.07 Td (22.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 587.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 587.22 Td (\(33,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 587.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 587.17 Td (17.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 573.07 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 573.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 573.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 573.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 559.07 Td (Non-vested balance at December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 559.07 Td (75,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 559.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 559.07 Td (19.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 545.07 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 545.07 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 545.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 545.07 Td (49.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 531.07 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 531.12 Td (\(43,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 531.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 531.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 531.07 Td (18.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 517.07 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 517.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 517.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 517.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 503.07 Td (Non-vested balance at December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 503.07 Td (74,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 503.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 503.07 Td (36.35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 465.00 Td (The following table summarizes information about stock options outstanding by price range as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.13 465.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.72 465.00 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 379.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 379.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 379.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 379.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 379.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 379.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 379.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 379.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 379.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 379.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 379.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 349.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 349.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 349.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 349.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 349.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 349.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 349.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 349.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 349.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 349.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 349.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 319.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 319.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 319.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 319.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 319.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 319.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 319.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 319.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 319.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 319.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 319.50 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 434.5 m 211 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 434.5 m 271 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 434.5 m 275 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 434.5 m 339 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339 434.5 m 343 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 434.5 m 398 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 434.5 m 458 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 434.5 m 462 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 434.5 m 518 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 319.5 m 271 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 305.5 m 271 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 303.5 m 271 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 319.5 m 339 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 305.5 m 339 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 303.5 m 339 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 319.5 m 398 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 305.5 m 398 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 303.5 m 398 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 319.5 m 458 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 305.5 m 458 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 303.5 m 458 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 319.5 m 518 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 305.5 m 518 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 303.5 m 518 303.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.10 439.18 Td (Options Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 439.18 Td (Options Exercisable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.00 394.18 Td (Exercise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.95 384.18 Td (Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.80 394.18 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.80 384.18 Td (Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.55 424.18 Td (Weighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.10 414.18 Td (Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.15 404.18 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 394.18 Td (Contractual) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.35 384.18 Td (Life \(Years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.05 414.18 Td (Weighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.60 404.18 Td (Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.00 394.18 Td (Exercise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.85 384.18 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.35 394.18 Td (Number of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.10 384.18 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.55 414.18 Td (Weighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.10 404.18 Td (Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 394.18 Td (Exercise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.35 384.18 Td (Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 369.17 Td ($14.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 369.17 Td (28,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 369.17 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 369.17 Td (3.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 369.17 Td (16,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 369.17 Td (7.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 354.17 Td ($21.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 354.17 Td (33,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 354.17 Td (0.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 354.17 Td (6.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 354.17 Td (15,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 354.17 Td (9.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 339.17 Td ($28.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 339.17 Td (6,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 339.17 Td (0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 339.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 339.17 Td (1.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 339.17 Td (2,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 339.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 339.17 Td (2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 324.17 Td ($49.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 324.17 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 324.17 Td (1.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 324.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 324.17 Td (18.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 324.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 324.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 324.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 309.17 Td (109,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 309.17 Td (3.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 309.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 309.17 Td (30.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 309.17 Td (34,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 309.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 309.17 Td (18.70) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 261.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 146.25 261.00 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.15 261.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 218.53 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 229.70 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 245.30 261.00 Td (Company) Tj ET Q q 0 0 0 rg BT 286.96 261.00 Td (s ) Tj ET Q q 0 0 0 rg BT 294.24 261.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 334.83 261.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.32 261.00 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 410.74 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.35 261.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 466.93 261.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 491.43 261.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 524.80 261.00 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.00 Td (vests ) Tj ET Q q 0 0 0 rg BT 72.61 249.00 Td (as ) Tj ET Q q 0 0 0 rg BT 83.55 249.00 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.94 249.00 Td (one ) Tj ET Q q 0 0 0 rg BT 135.98 249.00 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.87 249.00 Td ( ) Tj ET Q q 0 0 0 rg BT 157.48 249.00 Td (after ) Tj ET Q q 0 0 0 rg BT 178.40 249.00 Td (one ) Tj ET Q q 0 0 0 rg BT 195.45 249.00 Td (year) Tj ET Q q 0 0 0 rg BT 212.26 249.00 Td (, ) Tj ET Q q 0 0 0 rg BT 217.37 249.00 Td (and ) Tj ET Q q 0 0 0 rg BT 234.41 249.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.24 249.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 292.39 249.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.78 249.00 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.77 249.00 Td ( ) Tj ET Q q 0 0 0 rg BT 325.38 249.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 349.64 249.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 388.35 249.00 Td (installments. ) Tj ET Q q 0 0 0 rg BT 441.60 249.00 Td (The ) Tj ET Q q 0 0 0 rg BT 459.75 249.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 499.56 249.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.28 249.00 Td (also ) Tj ET Q q 0 0 0 rg BT 542.00 249.00 Td (vests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.00 Td (with ) Tj ET Q q 0 0 0 rg BT 70.06 237.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 100.66 237.00 Td (to ) Tj ET Q q 0 0 0 rg BT 110.72 237.00 Td (any ) Tj ET Q q 0 0 0 rg BT 127.44 237.00 Td (unvested ) Tj ET Q q 0 0 0 rg BT 165.27 237.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.54 237.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 214.83 237.00 Td (the ) Tj ET Q q 0 0 0 rg BT 229.33 237.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 272.70 237.00 Td (employee) Tj ET Q q 0 0 0 rg BT 314.35 237.00 Td (s ) Tj ET Q q 0 0 0 rg BT 320.52 237.00 Td (death, ) Tj ET Q q 0 0 0 rg BT 346.96 237.00 Td (disability ) Tj ET Q q 0 0 0 rg BT 386.46 237.00 Td (or ) Tj ET Q q 0 0 0 rg BT 397.08 237.00 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 442.95 237.00 Td (the ) Tj ET Q q 0 0 0 rg BT 457.45 237.00 Td (Company) Tj ET Q q 0 0 0 rg BT 499.11 237.00 Td (s ) Tj ET Q q 0 0 0 rg BT 505.29 237.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 553.67 237.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 65.07 225.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 106.80 225.00 Td (other ) Tj ET Q q 0 0 0 rg BT 130.20 225.00 Td (than ) Tj ET Q q 0 0 0 rg BT 150.27 225.00 Td (for ) Tj ET Q q 0 0 0 rg BT 164.78 225.00 Td (cause, ) Tj ET Q q 0 0 0 rg BT 192.34 225.00 Td (or ) Tj ET Q q 0 0 0 rg BT 203.53 225.00 Td (for ) Tj ET Q q 0 0 0 rg BT 218.04 225.00 Td (a ) Tj ET Q q 0 0 0 rg BT 225.33 225.00 Td (change ) Tj ET Q q 0 0 0 rg BT 256.50 225.00 Td (in ) Tj ET Q q 0 0 0 rg BT 267.14 225.00 Td (control ) Tj ET Q q 0 0 0 rg BT 298.32 225.00 Td (of ) Tj ET Q q 0 0 0 rg BT 309.50 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.57 225.00 Td (Company) Tj ET Q q 0 0 0 rg BT 362.81 225.00 Td (. ) Tj ET Q q 0 0 0 rg BT 367.53 225.00 Td (A) Tj ET Q q 0 0 0 rg BT 374.20 225.00 Td ( ) Tj ET Q q 0 0 0 rg BT 377.06 225.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 417.13 225.00 Td (of ) Tj ET Q q 0 0 0 rg BT 428.31 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.38 225.00 Td (status ) Tj ET Q q 0 0 0 rg BT 469.01 225.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.20 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.27 225.00 Td (Company) Tj ET Q q 0 0 0 rg BT 536.93 225.00 Td (s ) Tj ET Q q 0 0 0 rg BT 543.68 225.00 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.00 Td (vested ) Tj ET Q q 0 0 0 rg BT 78.05 213.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 117.75 213.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 141.36 213.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 164.40 213.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 191.89 213.00 Td (is ) Tj ET Q q 0 0 0 rg BT 201.06 213.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 241.88 213.00 Td (in ) Tj ET Q q 0 0 0 rg BT 252.16 213.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.88 213.00 Td (following ) Tj ET Q q 0 0 0 rg BT 308.26 213.00 Td (table:) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 704.50 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 704.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 704.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 704.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 676.50 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 676.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 676.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 676.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 648.50 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 648.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 648.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 648.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.50 396.00 -14.00 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708.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 269.50 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.33 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.04 708.25 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 621.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 621.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 621.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 621.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 621.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 591.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 591.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 591.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 591.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 591.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 561.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 561.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 561.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 561.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 561.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 531.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 531.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 531.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 531.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 531.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 501.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 501.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 501.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 501.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 501.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 480.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 480.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 480.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 480.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 480.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 651.75 m 415.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 651.75 m 485.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 651.75 m 556.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 576.75 m 415.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 561.75 m 415.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 576.75 m 485.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 561.75 m 485.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 576.75 m 556.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 561.75 m 556.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 501.75 m 415.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 486.75 m 415.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 501.75 m 485.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 486.75 m 485.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 501.75 m 556.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 486.75 m 556.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 486.75 m 415.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 486.75 m 485.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 486.75 m 556.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 480.75 m 415.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 466.75 m 415.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 464.75 m 415.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 480.75 m 485.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 466.75 m 485.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 464.75 m 485.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 480.75 m 556.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 466.75 m 556.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 464.75 m 556.5 464.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.00 656.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 656.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.90 676.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.90 666.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 656.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 641.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.50 641.43 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 626.42 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 611.42 Td (US federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 611.42 Td (1,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 611.42 Td (1,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 611.42 Td (13,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 596.42 Td (US state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 596.42 Td (310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 596.42 Td (191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 596.42 Td (270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 581.42 Td (Non US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 581.42 Td (3,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 581.42 Td (4,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 581.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 566.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 566.42 Td (4,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 566.42 Td (6,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 566.42 Td (13,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 551.42 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 536.42 Td (US federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 536.42 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 536.42 Td (808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 536.42 Td (308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 521.42 Td (US state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 521.42 Td (295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 521.42 Td (720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 521.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 506.42 Td (Non US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 506.47 Td (\(3,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 506.47 Td (\(669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 506.47 Td (\(263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 491.47 Td (\(3,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 491.42 Td (859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 491.42 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 470.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 470.42 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 470.42 Td (7,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 470.42 Td (13,894) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 432.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 131.49 432.25 Td (before ) Tj ET Q q 0 0 0 rg BT 159.52 432.25 Td (income ) Tj ET Q q 0 0 0 rg BT 191.46 432.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 214.50 432.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 250.33 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.04 432.25 Td (following ) Tj ET Q q 0 0 0 rg BT 306.43 432.25 Td (components:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 60.00 372.75 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 372.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 372.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 372.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 372.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 60.00 342.75 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 342.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 342.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 342.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 342.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 387.75 m 410 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 387.75 m 480 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 387.75 m 551 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 342.75 m 410 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 328.75 m 410 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 326.75 m 410 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 342.75 m 480 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 328.75 m 480 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 326.75 m 480 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 342.75 m 551 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 328.75 m 551 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 326.75 m 551 326.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.40 412.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.40 402.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.50 392.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.40 412.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.40 402.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.50 392.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.40 412.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.40 402.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.50 392.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 377.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 377.43 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 362.42 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 362.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.80 362.47 Td (\(80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 362.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 362.42 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.50 362.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 362.42 Td (8,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 347.42 Td (Non US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 347.42 Td (96,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 347.42 Td (85,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 347.42 Td (68,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 332.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 332.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 332.42 Td (95,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 332.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 332.42 Td (86,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.50 332.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 332.42 Td (77,452) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 306.25 Td (A) Tj ET Q q 0 0 0 rg BT 105.67 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.17 306.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 165.65 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.48 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.19 306.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 228.69 306.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 258.94 306.25 Td (income ) Tj ET Q q 0 0 0 rg BT 290.88 306.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.59 306.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 323.08 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.36 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.07 306.25 Td (ef) Tj ET Q q 0 0 0 rg BT 355.66 306.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 385.36 306.25 Td (income ) Tj ET Q q 0 0 0 rg BT 417.30 306.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.01 306.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 449.50 306.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 483.67 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.50 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.21 306.25 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 261.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 231.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 201.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 171.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 141.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 141.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 111.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 111.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 81.75 301.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 81.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 81.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 81.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 81.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 81.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 261.75 m 419.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 261.75 m 488.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 261.75 m 557.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 66.75 m 419.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 66.75 m 488.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 66.75 m 557.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 66.75 m 419.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 66.75 m 488.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 66.75 m 557.5 66.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.40 286.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.40 276.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.50 266.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.40 286.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.40 276.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.50 266.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.40 286.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.40 276.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.50 266.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 251.42 Td (Statutory US federal income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 251.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 251.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 251.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 251.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 251.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 251.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 236.42 Td (US state income taxes, net of federal benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 236.42 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 236.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 236.42 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 236.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 236.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 236.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 221.42 Td (Non-US tax rate differential) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 221.42 Td (\(22.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 221.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 221.42 Td (\(2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 221.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 221.42 Td (\(4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 221.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 206.42 Td (Tax holidays) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 206.42 Td (\(14.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 206.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.45 206.42 Td (\(23.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 206.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 206.42 Td (\(12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 206.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 191.42 Td (Passive income exemption) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 191.42 Td (\(1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 191.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 191.42 Td (\(2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 191.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 191.42 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 191.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 176.42 Td (Acquisition contingent earnout liability adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 176.42 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 176.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 176.42 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 176.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 176.42 Td (\(4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 176.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 161.42 Td (Foreign enhanced R&D deductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 161.42 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 161.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 161.42 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 161.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 161.42 Td (\(1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 161.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 146.42 Td (Nondeductible items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 146.42 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 146.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 146.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 146.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 146.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 146.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 131.42 Td (Effect of valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 131.42 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 131.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 131.42 Td (\(2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 131.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 131.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 131.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 116.42 Td (Release of deferred tax liability on intangibles transferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 116.42 Td (\(3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 116.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 116.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 116.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 116.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 116.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 101.42 Td (Prior year true-ups) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 101.42 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 101.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 101.42 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 101.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 101.42 Td (\(4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 101.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 86.42 Td (Uncertain tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 86.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 86.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 86.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 86.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 86.42 Td (12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 86.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 71.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 71.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 71.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 71.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 71.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 71.42 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 71.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 56.42 Td (Effective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 56.42 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 56.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 56.42 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 56.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 56.42 Td (17.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 56.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.73 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.31 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.19 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.08 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 187.74 742.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 229.83 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.29 742.10 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.12 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.79 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.24 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 299.42 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 341.52 742.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.97 742.10 Td (8.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.80 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.47 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.93 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 421.10 742.10 Td (lar) Tj ET Q q 0 0 0 rg BT 431.47 742.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 451.36 742.10 Td (due ) Tj ET Q q 0 0 0 rg BT 468.47 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.93 742.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 519.36 742.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.24 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 730.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 109.43 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.26 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.09 730.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 167.47 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 199.40 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.68 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.38 730.10 Td (US ) Tj ET Q q 0 0 0 rg BT 254.66 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.60 730.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 305.21 730.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 357.16 730.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 389.64 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.92 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 420.19 730.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 447.68 730.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 708.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 143.20 708.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.00 708.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 177.53 708.10 Td (we ) Tj ET Q q 0 0 0 rg BT 191.22 708.10 Td (were ) Tj ET Q q 0 0 0 rg BT 212.68 708.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 244.70 708.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.17 708.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.50 708.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.53 708.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 290.78 708.10 Td (holiday ) Tj ET Q q 0 0 0 rg BT 322.80 708.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.49 708.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 365.72 708.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.08 708.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.44 708.10 Td (Indian ) Tj ET Q q 0 0 0 rg BT 419.02 708.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 465.21 708.10 Td (which ) Tj ET Q q 0 0 0 rg BT 491.68 708.10 Td (was ) Tj ET Q q 0 0 0 rg BT 509.26 708.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.07 708.10 Td (ef) Tj ET Q q 0 0 0 rg BT 526.65 708.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 543.67 708.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (March ) Tj ET Q q 0 0 0 rg BT 78.15 696.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 92.70 696.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 114.74 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.23 696.10 Td (March ) Tj ET Q q 0 0 0 rg BT 159.38 696.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 173.93 696.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 195.97 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.68 696.10 Td (some ) Tj ET Q q 0 0 0 rg BT 232.84 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.22 696.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.60 696.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 296.75 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.23 696.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 353.61 696.10 Td (until ) Tj ET Q q 0 0 0 rg BT 373.99 696.10 Td (March ) Tj ET Q q 0 0 0 rg BT 402.14 696.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 416.69 696.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 438.74 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 452.44 696.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.04 696.10 Td (locations. ) Tj ET Q q 0 0 0 rg BT 515.54 696.10 Td (When ) Tj ET Q q 0 0 0 rg BT 541.47 696.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.03 684.10 Td (holidays ) Tj ET Q q 0 0 0 rg BT 101.73 684.10 Td (expire, ) Tj ET Q q 0 0 0 rg BT 132.03 684.10 Td (these ) Tj ET Q q 0 0 0 rg BT 155.39 684.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 194.31 684.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.22 684.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.55 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.36 684.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 281.05 684.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.52 684.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.77 684.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.58 684.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.12 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.94 684.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 395.35 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.96 684.10 Td (The ) Tj ET Q q 0 0 0 rg BT 416.32 684.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 446.35 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.49 684.10 Td (this ) Tj ET Q q 0 0 0 rg BT 474.75 684.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.79 684.10 Td (holiday ) Tj ET Q q 0 0 0 rg BT 522.59 684.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 672.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 99.44 672.10 Td (income ) Tj ET Q q 0 0 0 rg BT 131.38 672.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.09 672.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.80 672.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.30 672.10 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 218.30 672.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.19 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.69 672.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.63 672.10 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 291.63 672.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.52 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.02 672.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.18 672.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 359.68 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.62 672.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 401.62 672.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 449.28 672.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.99 650.10 Td (Company) Tj ET Q q 0 0 0 rg BT 160.65 650.10 Td (s ) Tj ET Q q 0 0 0 rg BT 168.49 650.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 222.97 650.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 269.68 650.10 Td (ef) Tj ET Q q 0 0 0 rg BT 277.27 650.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 308.42 650.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 324.58 650.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.50 650.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.12 650.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 395.82 650.10 Td (low ) Tj ET Q q 0 0 0 rg BT 414.76 650.10 Td (because ) Tj ET Q q 0 0 0 rg BT 450.35 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.62 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.78 650.10 Td (ef) Tj ET Q q 0 0 0 rg BT 486.37 650.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 505.29 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.57 650.10 Td (conducting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.40 638.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.24 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.21 638.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.59 638.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 208.66 638.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 262.79 638.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 311.06 638.10 Td (India, ) Tj ET Q q 0 0 0 rg BT 336.30 638.10 Td (Dubai, ) Tj ET Q q 0 0 0 rg BT 365.42 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.05 638.10 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 427.28 638.10 Td (where ) Tj ET Q q 0 0 0 rg BT 453.89 638.10 Td (we ) Tj ET Q q 0 0 0 rg BT 467.74 638.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.80 638.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.21 638.10 Td (holidays ) Tj ET Q q 0 0 0 rg BT 539.28 638.10 Td (or ) Tj ET Q q 0 0 0 rg BT 549.80 638.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (concessions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 604.10 Td (Deferred tax assets and liabilities are comprised of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 533.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 533.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 533.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 533.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 533.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 533.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 533.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 533.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 503.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 503.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 503.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 503.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 503.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 503.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 503.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 473.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 413.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 413.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 413.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 413.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 413.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 413.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 413.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 413.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 563.6 m 355.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 563.6 m 424.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 563.6 m 493.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 563.6 m 562.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 548.6 m 355.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 548.6 m 424.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 548.6 m 493.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 548.6 m 562.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 428.6 m 355.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 428.6 m 424.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 428.6 m 493.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 428.6 m 562.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 398.6 m 355.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 384.6 m 355.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 382.6 m 355.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 398.6 m 424.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 384.6 m 424.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 382.6 m 424.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 398.6 m 493.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 384.6 m 493.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 382.6 m 493.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 398.6 m 562.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 384.6 m 562.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 382.6 m 562.5 382.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.65 583.28 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 583.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.90 568.28 Td (Deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.90 568.28 Td (Deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 553.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.10 553.28 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 553.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.10 553.28 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.00 538.28 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 523.27 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 523.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 523.27 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.27 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 508.27 Td (1,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 508.27 Td (937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.27 Td (Accruals and prepaids) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 493.27 Td (842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 493.27 Td (1,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.27 Td (Bad debts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 478.27 Td (859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 478.27 Td (961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.27 Td (Acquired intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 463.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 463.27 Td (22,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 463.27 Td (26,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.27 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 448.27 Td (19,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 448.27 Td (23,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.27 Td (Tax credit carryforwards \(primarily MAT in India\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 433.27 Td (35,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 433.27 Td (30,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 418.27 Td (57,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 418.27 Td (22,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 418.27 Td (57,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 418.27 Td (26,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 403.32 Td (\(3,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 403.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 403.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 403.32 Td (\(5,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 403.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 403.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.27 Td (Total deferred taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 388.27 Td (54,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 388.27 Td (22,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 388.27 Td (51,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 388.27 Td (26,952) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 362.10 Td (Amounts recognized in the consolidated balance sheets:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 324.60 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 324.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 324.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 324.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 296.60 396.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 296.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 296.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 296.60 53.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 338.6 m 502.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 338.6 m 559.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 296.6 m 502.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 296.6 m 559.5 296.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 342.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.50 342.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 329.28 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 315.17 Td (Non-current deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 315.17 Td (31,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 315.17 Td (24,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 301.17 Td (ASU 2013-11 reclass, described below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 301.22 Td (\(341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 301.22 Td (\(341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.17 Td (Net deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 287.17 Td (31,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 287.17 Td (23,732) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 247.90 Td (The ) Tj ET Q q 0 0 0 rg BT 117.05 247.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.26 247.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 198.80 247.90 Td (changed ) Tj ET Q q 0 0 0 rg BT 234.11 247.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.12 247.90 Td (\($2.2\) ) Tj ET Q q 0 0 0 rg BT 272.28 247.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.17 247.90 Td ( ) Tj ET Q q 0 0 0 rg BT 303.17 247.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.61 247.90 Td ($\(1.9\) ) Tj ET Q q 0 0 0 rg BT 345.77 247.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.67 247.90 Td ( ) Tj ET Q q 0 0 0 rg BT 376.67 247.90 Td (during ) Tj ET Q q 0 0 0 rg BT 404.78 247.90 Td (the ) Tj ET Q q 0 0 0 rg BT 419.00 247.90 Td (years ) Tj ET Q q 0 0 0 rg BT 442.10 247.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.98 247.90 Td (December ) Tj ET Q q 0 0 0 rg BT 511.06 247.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.56 247.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 547.57 247.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.96 235.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.62 235.90 Td (. ) Tj ET Q q 0 0 0 rg BT 127.41 235.90 Td (The ) Tj ET Q q 0 0 0 rg BT 145.42 235.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.77 235.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 224.20 235.90 Td (a ) Tj ET Q q 0 0 0 rg BT 231.10 235.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 270.78 235.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 313.77 235.90 Td (and ) Tj ET Q q 0 0 0 rg BT 330.67 235.90 Td (of) Tj ET Q q 0 0 0 rg BT 338.82 235.90 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 371.28 235.90 Td (NOL) Tj ET Q q 0 0 0 rg BT 391.46 235.90 Td ( ) Tj ET Q q 0 0 0 rg BT 393.92 235.90 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 452.47 235.90 Td (for ) Tj ET Q q 0 0 0 rg BT 466.59 235.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 496.25 235.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.59 235.90 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 75.39 223.90 Td (during ) Tj ET Q q 0 0 0 rg BT 102.99 223.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 124.48 223.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.42 223.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 164.41 223.90 Td (where ) Tj ET Q q 0 0 0 rg BT 190.33 223.90 Td (an ) Tj ET Q q 0 0 0 rg BT 201.26 223.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 233.31 223.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 272.02 223.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 314.04 223.90 Td (had ) Tj ET Q q 0 0 0 rg BT 329.98 223.90 Td (been ) Tj ET Q q 0 0 0 rg BT 350.35 223.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 394.06 223.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 439.41 223.90 Td (in ) Tj ET Q q 0 0 0 rg BT 448.69 223.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 469.62 223.90 Td (years. ) Tj ET Q q 0 0 0 rg BT 494.71 223.90 Td ( ) Tj ET Q q 0 0 0 rg BT 496.10 223.90 Td (The ) Tj ET Q q 0 0 0 rg BT 513.14 223.90 Td (presentation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.90 Td (above ) Tj ET Q q 0 0 0 rg BT 75.68 211.90 Td (has ) Tj ET Q q 0 0 0 rg BT 90.81 211.90 Td (been ) Tj ET Q q 0 0 0 rg BT 111.49 211.90 Td (modified ) Tj ET Q q 0 0 0 rg BT 149.39 211.90 Td (to ) Tj ET Q q 0 0 0 rg BT 158.97 211.90 Td (correctly ) Tj ET Q q 0 0 0 rg BT 196.31 211.90 Td (show ) Tj ET Q q 0 0 0 rg BT 219.22 211.90 Td (the ) Tj ET Q q 0 0 0 rg BT 233.24 211.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 272.26 211.90 Td (allowances ) Tj ET Q q 0 0 0 rg BT 318.48 211.90 Td (that ) Tj ET Q q 0 0 0 rg BT 335.28 211.90 Td (should ) Tj ET Q q 0 0 0 rg BT 363.75 211.90 Td (have ) Tj ET Q q 0 0 0 rg BT 384.43 211.90 Td (been ) Tj ET Q q 0 0 0 rg BT 405.11 211.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 441.88 211.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.13 211.90 Td (to ) Tj ET Q q 0 0 0 rg BT 467.71 211.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 490.62 211.90 Td (up ) Tj ET Q q 0 0 0 rg BT 502.42 211.90 Td (the ) Tj ET Q q 0 0 0 rg BT 516.44 211.90 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 211.90 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.81 199.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.52 199.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.35 199.90 Td (for ) Tj ET Q q 0 0 0 rg BT 140.51 199.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 173.56 199.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 213.28 199.90 Td (allowances ) Tj ET Q q 0 0 0 rg BT 260.20 199.90 Td (that ) Tj ET Q q 0 0 0 rg BT 277.70 199.90 Td (were ) Tj ET Q q 0 0 0 rg BT 299.62 199.90 Td (inherited ) Tj ET Q q 0 0 0 rg BT 337.67 199.90 Td (through ) Tj ET Q q 0 0 0 rg BT 371.27 199.90 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 177.90 Td (In ) Tj ET Q q 0 0 0 rg BT 111.13 177.90 Td (November ) Tj ET Q q 0 0 0 rg BT 156.64 177.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 182.44 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 197.96 177.90 Td (F) Tj ET Q q 0 0 0 rg BT 202.78 177.90 Td (ASB ) Tj ET Q q 0 0 0 rg BT 225.54 177.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 253.11 177.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 303.07 177.90 Td (Standards ) Tj ET Q q 0 0 0 rg BT 345.81 177.90 Td (Update ) Tj ET Q q 0 0 0 rg BT 377.99 177.90 Td (No. ) Tj ET Q q 0 0 0 rg BT 396.01 177.90 Td (2015-17,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.34 177.90 Td (Balance ) Tj ET Q q 0 0 0 rg BT 470.41 177.90 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 495.37 177.90 Td (Classification ) Tj ET Q q 0 0 0 rg BT 554.23 177.90 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 165.90 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 165.90 Td (ed ) Tj ET Q q 0 0 0 rg BT 89.23 165.90 Td (T) Tj ET Q q 0 0 0 rg BT 93.87 165.90 Td (axes,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.64 165.90 Td (or ) Tj ET Q q 0 0 0 rg BT 127.69 165.90 Td (ASU ) Tj ET Q q 0 0 0 rg BT 151.20 165.90 Td (2015-17. ) Tj ET Q q 0 0 0 rg BT 190.27 165.90 Td (This ) Tj ET Q q 0 0 0 rg BT 211.55 165.90 Td (amendment ) Tj ET Q q 0 0 0 rg BT 261.69 165.90 Td (requires ) Tj ET Q q 0 0 0 rg BT 297.40 165.90 Td (that ) Tj ET Q q 0 0 0 rg BT 315.89 165.90 Td (all ) Tj ET Q q 0 0 0 rg BT 329.38 165.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 366.19 165.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.90 165.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.73 165.90 Td (and ) Tj ET Q q 0 0 0 rg BT 426.67 165.90 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 469.88 165.90 Td (along ) Tj ET Q q 0 0 0 rg BT 495.59 165.90 Td (with ) Tj ET Q q 0 0 0 rg BT 516.87 165.90 Td (any ) Tj ET Q q 0 0 0 rg BT 534.81 165.90 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.65 153.90 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 135.12 153.90 Td (be ) Tj ET Q q 0 0 0 rg BT 147.00 153.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 187.20 153.90 Td (as ) Tj ET Q q 0 0 0 rg BT 197.97 153.90 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 243.73 153.90 Td (on ) Tj ET Q q 0 0 0 rg BT 256.16 153.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.82 153.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 303.79 153.90 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 329.28 153.90 Td (Prior ) Tj ET Q q 0 0 0 rg BT 351.72 153.90 Td (to ) Tj ET Q q 0 0 0 rg BT 361.93 153.90 Td (the ) Tj ET Q q 0 0 0 rg BT 376.59 153.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 412.91 153.90 Td (of ) Tj ET Q q 0 0 0 rg BT 423.14 153.90 Td (ASU ) Tj ET Q q 0 0 0 rg BT 445.58 153.90 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 483.85 153.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 519.59 153.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 542.58 153.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.90 Td (required ) Tj ET Q q 0 0 0 rg BT 85.47 141.90 Td (to ) Tj ET Q q 0 0 0 rg BT 95.40 141.90 Td (be ) Tj ET Q q 0 0 0 rg BT 106.99 141.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 147.46 141.90 Td (as ) Tj ET Q q 0 0 0 rg BT 157.94 141.90 Td (a ) Tj ET Q q 0 0 0 rg BT 164.54 141.90 Td (net ) Tj ET Q q 0 0 0 rg BT 178.91 141.90 Td (current ) Tj ET Q q 0 0 0 rg BT 209.38 141.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 230.97 141.90 Td (or ) Tj ET Q q 0 0 0 rg BT 241.45 141.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 274.71 141.90 Td (and ) Tj ET Q q 0 0 0 rg BT 291.30 141.90 Td (a ) Tj ET Q q 0 0 0 rg BT 297.90 141.90 Td (net ) Tj ET Q q 0 0 0 rg BT 312.27 141.90 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 357.73 141.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 379.33 141.90 Td (or ) Tj ET Q q 0 0 0 rg BT 389.81 141.90 Td (liability) Tj ET Q q 0 0 0 rg BT 420.27 141.90 Td (. ) Tj ET Q q 0 0 0 rg BT 424.77 141.90 Td (W) Tj ET Q q 0 0 0 rg BT 433.40 141.90 Td (e ) Tj ET Q q 0 0 0 rg BT 440.00 141.90 Td (adopted ) Tj ET Q q 0 0 0 rg BT 473.80 141.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.17 141.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 532.00 141.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.01 141.90 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.90 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 85.83 129.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 108.33 129.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 144.71 129.90 Td (and ) Tj ET Q q 0 0 0 rg BT 161.65 129.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 183.58 129.90 Td (period ) Tj ET Q q 0 0 0 rg BT 211.63 129.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.02 129.90 Td (have ) Tj ET Q q 0 0 0 rg BT 269.39 129.90 Td (been ) Tj ET Q q 0 0 0 rg BT 290.77 129.90 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 338.80 129.90 Td (to ) Tj ET Q q 0 0 0 rg BT 349.08 129.90 Td (conform ) Tj ET Q q 0 0 0 rg BT 385.46 129.90 Td (to ) Tj ET Q q 0 0 0 rg BT 395.74 129.90 Td (the ) Tj ET Q q 0 0 0 rg BT 410.45 129.90 Td (current ) Tj ET Q q 0 0 0 rg BT 441.27 129.90 Td (period ) Tj ET Q q 0 0 0 rg BT 469.32 129.90 Td (presentation.) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 720.10 Td (W) Tj ET Q q 0 0 0 rg BT 108.14 720.10 Td (e ) Tj ET Q q 0 0 0 rg BT 115.08 720.10 Td (have ) Tj ET Q q 0 0 0 rg BT 136.45 720.10 Td (US ) Tj ET Q q 0 0 0 rg BT 151.74 720.10 Td (Federal, ) Tj ET Q q 0 0 0 rg BT 186.72 720.10 Td (state ) Tj ET Q q 0 0 0 rg BT 207.55 720.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.49 720.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 255.86 720.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 296.13 720.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 322.52 720.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.46 720.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 364.72 720.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 423.30 720.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.13 720.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 638.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 638.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 638.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 608.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 608.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 608.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 608.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 608.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 578.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 578.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 578.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 578.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 578.60 77.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 653.6 m 405 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 653.6 m 487 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 638.6 m 405 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 638.6 m 410 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 638.6 m 487 638.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.90 678.28 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.90 668.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 658.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.90 678.28 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.90 668.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 658.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 643.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 643.28 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 628.27 Td (US Federal loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 628.27 Td (47,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 628.27 Td (41,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 613.27 Td (US state loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 613.27 Td (15,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 613.27 Td (24,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 598.27 Td (Foreign loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 598.27 Td (25,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 598.27 Td (38,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 568.27 Td (US Federal credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 568.27 Td (1,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 568.27 Td (1,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 553.27 Td (Foreign credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 553.27 Td (34,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 553.27 Td (29,462) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.01 527.10 Td (US ) Tj ET Q q 0 0 0 rg BT 131.75 527.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 161.47 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.87 527.10 Td (state ) Tj ET Q q 0 0 0 rg BT 198.16 527.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 237.88 527.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 255.41 527.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 313.45 527.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 340.39 527.10 Td (at ) Tj ET Q q 0 0 0 rg BT 349.57 527.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 382.08 527.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 404.59 527.10 Td (through ) Tj ET Q q 0 0 0 rg BT 437.66 527.10 Td (2035. ) Tj ET Q q 0 0 0 rg BT 462.12 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.94 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.45 527.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 511.17 527.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 539.78 527.10 Td (begin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 515.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 86.92 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.77 515.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 121.20 515.10 Td (W) Tj ET Q q 0 0 0 rg BT 129.84 515.10 Td (e ) Tj ET Q q 0 0 0 rg BT 136.36 515.10 Td (also ) Tj ET Q q 0 0 0 rg BT 154.54 515.10 Td (have ) Tj ET Q q 0 0 0 rg BT 175.50 515.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 208.69 515.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 226.33 515.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 284.48 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.89 515.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.73 515.10 Td ($25.8 ) Tj ET Q q 0 0 0 rg BT 379.31 515.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.20 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.27 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.68 515.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.09 515.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 489.25 515.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.25 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.83 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.12 515.10 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.43 503.10 Td (may ) Tj ET Q q 0 0 0 rg BT 105.48 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.74 503.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 146.33 503.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 179.81 503.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 225.26 503.10 Td (. ) Tj ET Q q 0 0 0 rg BT 229.59 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.01 503.10 Td (As ) Tj ET Q q 0 0 0 rg BT 243.96 503.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 282.44 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.05 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.09 503.10 Td (table ) Tj ET Q q 0 0 0 rg BT 327.36 503.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 355.56 503.10 Td (we ) Tj ET Q q 0 0 0 rg BT 369.05 503.10 Td (have ) Tj ET Q q 0 0 0 rg BT 389.76 503.10 Td (established ) Tj ET Q q 0 0 0 rg BT 436.02 503.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 475.07 503.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 521.32 503.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.81 503.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 83.89 491.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.42 491.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 142.76 491.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 201.61 491.10 Td (due ) Tj ET Q q 0 0 0 rg BT 218.82 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.38 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.37 491.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 292.12 491.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 329.89 491.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.10 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.31 491.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 378.74 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.84 491.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 427.06 491.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 472.60 491.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 504.25 491.10 Td (income ) Tj ET Q q 0 0 0 rg BT 536.46 491.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.64 479.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 108.15 479.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.79 479.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 177.15 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.40 479.10 Td (W) Tj ET Q q 0 0 0 rg BT 188.04 479.10 Td (e ) Tj ET Q q 0 0 0 rg BT 194.90 479.10 Td (may ) Tj ET Q q 0 0 0 rg BT 214.54 479.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 250.30 479.10 Td (release ) Tj ET Q q 0 0 0 rg BT 280.47 479.10 Td (these ) Tj ET Q q 0 0 0 rg BT 303.44 479.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 343.08 479.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 392.42 479.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 440.93 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.13 479.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.89 479.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 483.75 479.10 Td (entity) Tj ET Q q 0 0 0 rg BT 505.88 479.10 Td (, ) Tj ET Q q 0 0 0 rg BT 510.80 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.00 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.64 479.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 455.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.29 455.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.93 455.10 Td (has ) Tj ET Q q 0 0 0 rg BT 162.01 455.10 Td (not ) Tj ET Q q 0 0 0 rg BT 177.53 455.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 224.14 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.33 455.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 267.38 455.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 287.92 455.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.88 455.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 336.74 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.92 455.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.77 455.10 Td (income ) Tj ET Q q 0 0 0 rg BT 429.95 455.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 444.91 455.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 479.87 455.10 Td (for ) Tj ET Q q 0 0 0 rg BT 494.28 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.24 455.10 Td (undistributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 85.51 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.46 443.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.54 443.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 137.05 443.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 185.89 443.10 Td (which ) Tj ET Q q 0 0 0 rg BT 211.96 443.10 Td (we ) Tj ET Q q 0 0 0 rg BT 225.25 443.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 260.75 443.10 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 308.48 443.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 343.43 443.10 Td (because ) Tj ET Q q 0 0 0 rg BT 376.71 443.10 Td (those ) Tj ET Q q 0 0 0 rg BT 399.44 443.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 429.95 443.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 465.45 443.10 Td (will ) Tj ET Q q 0 0 0 rg BT 482.64 443.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 512.03 443.10 Td (permanently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 92.63 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.94 431.10 Td (those ) Tj ET Q q 0 0 0 rg BT 124.58 431.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 173.34 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.65 431.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 202.51 431.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 236.83 431.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 280.02 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.99 431.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 328.35 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.89 431.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 353.65 431.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 401.29 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.16 431.10 Td (those ) Tj ET Q q 0 0 0 rg BT 433.80 431.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 469.21 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.53 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.28 431.10 Td (form ) Tj ET Q q 0 0 0 rg BT 513.25 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.12 431.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.39 419.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 103.83 419.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.55 419.10 Td (would ) Tj ET Q q 0 0 0 rg BT 144.62 419.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.12 419.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 186.50 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.34 419.10 Td (income ) Tj ET Q q 0 0 0 rg BT 227.84 419.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 250.45 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.95 419.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 317.35 419.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 339.95 419.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 373.11 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.95 419.10 Td (various ) Tj ET Q q 0 0 0 rg BT 414.45 419.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 468.46 419.10 Td (which ) Tj ET Q q 0 0 0 rg BT 494.96 419.10 Td (could ) Tj ET Q q 0 0 0 rg BT 519.24 419.10 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.16 407.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 98.21 407.10 Td (of) Tj ET Q q 0 0 0 rg BT 106.36 407.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 123.52 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 136.25 407.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 167.85 407.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.79 407.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 214.07 407.10 Td (At ) Tj ET Q q 0 0 0 rg BT 226.79 407.10 Td (December ) Tj ET Q q 0 0 0 rg BT 270.60 407.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 285.82 407.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 308.55 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.49 407.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 370.64 407.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 403.36 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.42 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.36 407.10 Td (Company) Tj ET Q q 0 0 0 rg BT 471.02 407.10 Td (s ) Tj ET Q q 0 0 0 rg BT 477.64 407.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 533.14 407.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.38 395.10 Td (was ) Tj ET Q q 0 0 0 rg BT 104.43 395.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.69 395.10 Td ($450.7 ) Tj ET Q q 0 0 0 rg BT 194.69 395.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.58 395.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.55 373.10 Td (following ) Tj ET Q q 0 0 0 rg BT 158.93 373.10 Td (table ) Tj ET Q q 0 0 0 rg BT 180.87 373.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 231.13 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.85 373.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 278.34 373.10 Td (related ) Tj ET Q q 0 0 0 rg BT 308.04 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.32 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.15 373.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 390.51 373.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 405.23 373.10 Td (benefits:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 294.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 294.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 294.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 294.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 294.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 266.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 266.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 266.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 266.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 266.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 266.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 238.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 238.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 238.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 238.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 238.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 238.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 294.6 m 360.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 294.6 m 364.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 294.6 m 429.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 294.6 m 433.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 294.6 m 498.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 238.60000000000002 m 360.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 238.60000000000002 m 364.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 238.60000000000002 m 429.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 238.60000000000002 m 433.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 238.60000000000002 m 498.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 238.60000000000002 m 360.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 225.60000000000002 m 360.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 223.60000000000002 m 360.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 238.60000000000002 m 364.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 225.60000000000002 m 364.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 223.60000000000002 m 364.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 238.60000000000002 m 429.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 225.60000000000002 m 429.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 223.60000000000002 m 429.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 238.60000000000002 m 433.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 225.60000000000002 m 433.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 223.60000000000002 m 433.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 238.60000000000002 m 498.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 225.60000000000002 m 498.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 223.60000000000002 m 498.5 223.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.40 324.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.50 314.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.40 324.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.50 314.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 324.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 314.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.05 299.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 285.17 Td (Beginning Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 285.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 285.17 Td (3,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 285.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 285.17 Td (3,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 285.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 285.17 Td (12,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.17 Td (Additions for tax positions related to current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 271.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 271.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 271.17 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 257.17 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 257.17 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 257.17 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 257.17 Td (9,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 243.17 Td (Reductions for tax position of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 243.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 243.22 Td (\(77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 243.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 243.22 Td (\(19,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 243.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 229.17 Td (Ending Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 229.17 Td (3,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 229.17 Td (3,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 229.17 Td (3,020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.06 191.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.96 191.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 205.73 191.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 238.18 191.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 272.28 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.73 191.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 328.29 191.10 Td (related ) Tj ET Q q 0 0 0 rg BT 358.51 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.30 191.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 426.18 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.41 191.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 476.08 191.10 Td (as ) Tj ET Q q 0 0 0 rg BT 487.43 191.10 Td (part ) Tj ET Q q 0 0 0 rg BT 505.99 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.33 191.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.78 191.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 86.84 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.98 179.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 121.10 179.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 157.12 179.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 179.25 179.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 222.48 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.95 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.52 179.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.88 179.10 Td (return ) Tj ET Q q 0 0 0 rg BT 279.89 179.10 Td (position ) Tj ET Q q 0 0 0 rg BT 314.25 179.10 Td (is ) Tj ET Q q 0 0 0 rg BT 323.05 179.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 362.95 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.42 179.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.99 179.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 441.83 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.49 179.10 Td (As ) Tj ET Q q 0 0 0 rg BT 456.74 179.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.21 179.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.43 179.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.43 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 564.50 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.00 179.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 73.54 167.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.84 167.10 Td ($771 ) Tj ET Q q 0 0 0 rg BT 158.38 167.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.49 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.03 167.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.01 167.10 Td ($738 ) Tj ET Q q 0 0 0 rg BT 239.55 167.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 167.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.69 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.23 167.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 332.90 167.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.94 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.81 167.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 392.67 167.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 425.64 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.62 167.10 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 484.94 167.10 Td (These ) Tj ET Q q 0 0 0 rg BT 512.36 167.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 549.79 167.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.51 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.37 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.66 155.10 Td (December ) Tj ET Q q 0 0 0 rg BT 153.82 155.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 168.40 155.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 190.48 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.99 155.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 229.07 155.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 265.57 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.43 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.72 155.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 331.23 155.10 Td (table ) Tj ET Q q 0 0 0 rg BT 352.74 155.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.14 155.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 382.72 155.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.61 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.69 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.77 155.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.29 155.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 451.86 155.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.75 155.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.33 155.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 532.99 155.10 Td (, ) Tj ET Q q 0 0 0 rg BT 537.57 155.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 143.10 Td (included ) Tj ET Q q 0 0 0 rg BT 96.10 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.38 143.10 Td (other ) Tj ET Q q 0 0 0 rg BT 129.43 143.10 Td (long ) Tj ET Q q 0 0 0 rg BT 149.71 143.10 Td (term ) Tj ET Q q 0 0 0 rg BT 170.53 143.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 210.25 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.53 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.24 143.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 296.05 143.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 351.33 143.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 386.03 143.10 Td (Sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 121.10 Td (W) Tj ET Q q 0 0 0 rg BT 108.14 121.10 Td (e ) Tj ET Q q 0 0 0 rg BT 114.91 121.10 Td (file ) Tj ET Q q 0 0 0 rg BT 130.57 121.10 Td (income ) Tj ET Q q 0 0 0 rg BT 162.34 121.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.90 121.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 207.00 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.12 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.67 121.10 Td (US ) Tj ET Q q 0 0 0 rg BT 246.79 121.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 279.38 121.10 Td (many ) Tj ET Q q 0 0 0 rg BT 303.93 121.10 Td (US ) Tj ET Q q 0 0 0 rg BT 319.05 121.10 Td (state ) Tj ET Q q 0 0 0 rg BT 339.71 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.49 121.10 Td (local ) Tj ET Q q 0 0 0 rg BT 378.26 121.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 432.54 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.31 121.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 478.85 121.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 510.07 121.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 564.51 121.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 109.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.83 109.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.45 109.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 140.75 109.10 Td (resolved ) Tj ET Q q 0 0 0 rg BT 177.38 109.10 Td (all ) Tj ET Q q 0 0 0 rg BT 190.12 109.10 Td (US ) Tj ET Q q 0 0 0 rg BT 205.65 109.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.16 109.10 Td (income ) Tj ET Q q 0 0 0 rg BT 268.34 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.31 109.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 315.49 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.90 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 344.86 109.10 Td (years ) Tj ET Q q 0 0 0 rg BT 368.71 109.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 390.90 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.43 109.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 426.67 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.42 109.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 447.72 109.10 Td (state ) Tj ET Q q 0 0 0 rg BT 468.80 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.99 109.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 517.61 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 532.58 109.10 Td (matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 97.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 99.98 97.10 Td (open ) Tj ET Q q 0 0 0 rg BT 121.92 97.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.86 97.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 166.36 97.10 Td (forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 75.10 Td (On ) Tj ET Q q 0 0 0 rg BT 113.29 75.10 Td (January ) Tj ET Q q 0 0 0 rg BT 145.95 75.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 155.02 75.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 179.09 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.87 75.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.32 75.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 265.97 75.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.98 75.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 313.54 75.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.88 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.67 75.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 379.33 75.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 415.88 75.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 447.43 75.10 Td (with ) Tj ET Q q 0 0 0 rg BT 466.78 75.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 496.66 75.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.00 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 75.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.96 63.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 112.70 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.77 63.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 145.44 63.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.07 63.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 182.57 63.10 Td (income ) Tj ET Q q 0 0 0 rg BT 214.75 63.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 229.71 63.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 260.22 63.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.62 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.58 63.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 321.20 63.10 Td (years ) Tj ET Q q 0 0 0 rg BT 345.04 63.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 367.78 63.10 Td (through ) Tj ET Q q 0 0 0 rg BT 401.63 63.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 426.68 63.10 Td (The ) Tj ET Q q 0 0 0 rg BT 444.97 63.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 492.15 63.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 526.55 63.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.07 63.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.25 63.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.81 51.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.52 51.10 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 122.39 51.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.29 51.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.16 51.10 Td (including ) Tj ET Q q 0 0 0 rg BT 196.31 51.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.12 51.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.83 51.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 258.71 51.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.60 51.10 Td (. ) Tj ET Q q 0 0 0 rg BT 292.48 51.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.68 51.10 Td (This ) Tj ET Q q 0 0 0 rg BT 314.84 51.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 357.21 51.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 392.91 51.10 Td (all ) Tj ET Q q 0 0 0 rg BT 405.28 51.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 431.55 51.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.59 51.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.18 51.10 Td (years ) Tj ET Q q 0 0 0 rg BT 483.66 51.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 506.04 51.10 Td (through ) Tj ET Q q 0 0 0 rg BT 539.52 51.10 Td (2012. ) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.78 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.31 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.25 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.92 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.25 742.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 218.78 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.66 742.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 268.11 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 288.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.99 742.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 321.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.23 742.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 363.10 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.33 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 385.22 742.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 407.67 742.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 437.87 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 452.53 742.10 Td (return, ) Tj ET Q q 0 0 0 rg BT 481.35 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 508.24 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 542.34 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 552.56 742.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.49 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 112.76 730.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 149.69 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 730.10 Td ($320 ) Tj ET Q q 0 0 0 rg BT 183.02 730.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.13 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 708.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.90 708.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.63 708.10 Td (has ) Tj ET Q q 0 0 0 rg BT 178.81 708.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 212.10 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.16 708.10 Td (new ) Tj ET Q q 0 0 0 rg BT 248.67 708.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 294.19 708.10 Td (under ) Tj ET Q q 0 0 0 rg BT 319.96 708.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 370.46 708.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 413.75 708.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 446.48 708.10 Td (2013-1) Tj ET Q q 0 0 0 rg BT 474.44 708.10 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.79 708.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 495.42 708.10 Td (esentation ) Tj ET Q q 0 0 0 rg BT 540.37 708.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.00 708.10 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Unr) Tj ET Q q 0 0 0 rg BT 65.74 696.10 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 108.46 696.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.10 696.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 125.27 696.10 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 156.32 696.10 Td (When ) Tj ET Q q 0 0 0 rg BT 181.81 696.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.54 696.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 206.16 696.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 249.99 696.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 271.07 696.10 Td (Carryforwar) Tj ET Q q 0 0 0 rg BT 321.82 696.10 Td (d, ) Tj ET Q q 0 0 0 rg BT 331.85 696.10 Td (A) Tj ET Q q 0 0 0 rg BT 337.78 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.51 696.10 Td (Similar ) Tj ET Q q 0 0 0 rg BT 372.68 696.10 Td (T) Tj ET Q q 0 0 0 rg BT 377.33 696.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 389.49 696.10 Td (Loss, ) Tj ET Q q 0 0 0 rg BT 413.07 696.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.69 696.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.42 696.10 Td (T) Tj ET Q q 0 0 0 rg BT 437.06 696.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 449.23 696.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 459.42 696.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 477.14 696.10 Td (Carryforwar) Tj ET Q q 0 0 0 rg BT 527.89 696.10 Td (d ) Tj ET Q q 0 0 0 rg BT 535.62 696.10 Td (Exists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 696.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.03 684.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 82.21 684.10 Td (2013-1) Tj ET Q q 0 0 0 rg BT 110.17 684.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 119.85 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.03 684.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.20 684.10 Td (these ) Tj ET Q q 0 0 0 rg BT 171.93 684.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 218.28 684.10 Td (an ) Tj ET Q q 0 0 0 rg BT 229.90 684.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 285.94 684.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 300.34 684.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 330.28 684.10 Td (is ) Tj ET Q q 0 0 0 rg BT 339.13 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.09 684.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.71 684.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 401.21 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.16 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.56 684.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.72 684.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 507.11 684.10 Td (as ) Tj ET Q q 0 0 0 rg BT 517.62 684.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.24 684.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.79 672.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.24 672.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 101.55 672.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.78 672.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 137.23 672.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.90 672.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.35 672.10 Td (net ) Tj ET Q q 0 0 0 rg BT 171.58 672.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 211.35 672.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 228.93 672.10 Td (carryforward. ) Tj ET Q q 0 0 0 rg BT 285.62 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.49 672.10 Td (The ) Tj ET Q q 0 0 0 rg BT 305.05 672.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 345.94 672.10 Td (has ) Tj ET Q q 0 0 0 rg BT 361.29 672.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 392.73 672.10 Td (this ) Tj ET Q q 0 0 0 rg BT 409.19 672.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 448.98 672.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.43 672.10 Td ($341 ) Tj ET Q q 0 0 0 rg BT 487.44 672.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.55 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.56 672.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 672.10 Td ($341 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 660.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.84 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.90 660.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 156.49 660.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.44 660.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 205.82 660.10 Td (have ) Tj ET Q q 0 0 0 rg BT 227.43 660.10 Td (been ) Tj ET Q q 0 0 0 rg BT 249.03 660.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 281.20 660.10 Td (against ) Tj ET Q q 0 0 0 rg BT 312.25 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.20 660.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 363.23 660.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.18 660.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 404.24 660.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.63 660.10 Td (net ) Tj ET Q q 0 0 0 rg BT 433.57 660.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.07 660.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 492.36 660.10 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 553.67 660.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 648.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.41 648.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.41 648.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 141.91 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.85 648.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 181.35 648.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 229.01 648.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 580.10 Td (9. ) Tj ET Q q 0 0 0 rg BT 82.49 580.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 108.88 580.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 135.92 580.10 Td (chases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 556.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 108.76 556.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 138.01 556.10 Td (August ) Tj ET Q q 0 0 0 rg BT 169.54 556.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 184.67 556.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 207.30 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.15 556.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 269.37 556.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 296.44 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.40 556.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 347.24 556.10 Td (unanimously ) Tj ET Q q 0 0 0 rg BT 401.54 556.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 441.38 556.10 Td (an ) Tj ET Q q 0 0 0 rg BT 453.45 556.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 496.08 556.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 540.91 556.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 94.93 544.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 113.78 544.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.74 544.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 145.37 544.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.26 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.27 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.44 544.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 221.51 544.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 255.34 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.96 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.81 544.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 334.64 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 345.70 544.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 375.10 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.51 544.10 Td (available ) Tj ET Q q 0 0 0 rg BT 432.22 544.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 451.62 544.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 487.67 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.74 544.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 523.14 544.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.08 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.38 532.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 123.04 532.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.88 532.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 203.56 532.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 230.63 532.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 259.91 532.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 318.63 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.93 532.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 373.87 532.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 405.95 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.36 532.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 465.63 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.04 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.34 532.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 537.00 532.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 78.25 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.50 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 101.97 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.67 520.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 146.25 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.51 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.98 520.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 200.46 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.15 520.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 264.73 520.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.97 520.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 346.21 520.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 387.78 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.25 520.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 451.09 520.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 501.54 520.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 524.24 520.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 508.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.23 484.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 164.50 484.10 Td (share ) Tj ET Q q 0 0 0 rg BT 188.29 484.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 234.28 484.10 Td (plan) Tj ET Q q 0 0 0 rg BT 254.27 484.10 Td (s ) Tj ET Q q 0 0 0 rg BT 260.85 484.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 285.76 484.10 Td (have ) Tj ET Q q 0 0 0 rg BT 307.32 484.10 Td (been ) Tj ET Q q 0 0 0 rg BT 328.88 484.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 371.56 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.02 484.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 414.70 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.17 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.07 484.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 471.19 484.10 Td (s ) Tj ET Q q 0 0 0 rg BT 477.77 484.10 Td (Rule10b-18, ) Tj ET Q q 0 0 0 rg BT 532.67 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 484.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.01 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.48 472.10 Td (market ) Tj ET Q q 0 0 0 rg BT 118.93 472.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 162.28 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.40 472.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 221.18 472.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 242.30 472.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 298.56 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.79 472.10 Td (program ) Tj ET Q q 0 0 0 rg BT 351.36 472.10 Td (does ) Tj ET Q q 0 0 0 rg BT 371.37 472.10 Td (not ) Tj ET Q q 0 0 0 rg BT 385.84 472.10 Td (obligate ) Tj ET Q q 0 0 0 rg BT 419.74 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.64 472.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 474.21 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.68 472.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 514.79 472.10 Td (any ) Tj ET Q q 0 0 0 rg BT 530.91 472.10 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (number ) Tj ET Q q 0 0 0 rg BT 83.02 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.82 460.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 121.28 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.19 460.10 Td (may ) Tj ET Q q 0 0 0 rg BT 157.88 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.79 460.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 213.92 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.72 460.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 269.95 460.10 Td (at ) Tj ET Q q 0 0 0 rg BT 279.63 460.10 Td (any ) Tj ET Q q 0 0 0 rg BT 296.54 460.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 318.74 460.10 Td (All ) Tj ET Q q 0 0 0 rg BT 333.99 460.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 375.89 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.57 460.10 Td (made ) Tj ET Q q 0 0 0 rg BT 414.69 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.94 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.63 460.10 Td (open ) Tj ET Q q 0 0 0 rg BT 461.54 460.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 494.10 460.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.85 460.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 531.75 460.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 555.33 460.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.33 448.10 Td (at ) Tj ET Q q 0 0 0 rg BT 96.89 448.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.69 448.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 145.46 448.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 166.42 448.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.10 448.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.10 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.45 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.02 448.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.26 448.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.91 448.10 Td (1,479,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.91 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.26 448.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.60 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.28 448.10 Td (its ) Tj ET Q q 0 0 0 rg BT 418.08 448.10 Td (common ) Tj ET Q q 0 0 0 rg BT 455.43 448.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 478.89 448.10 Td (under ) Tj ET Q q 0 0 0 rg BT 504.00 448.10 Td (these ) Tj ET Q q 0 0 0 rg BT 526.90 448.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 550.36 448.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (total ) Tj ET Q q 0 0 0 rg BT 69.83 436.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 125.77 436.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.16 436.10 Td ($65.3 ) Tj ET Q q 0 0 0 rg BT 160.72 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.61 436.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.17 436.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.56 436.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.56 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.62 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.90 436.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.85 436.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.21 436.10 Td (2,924,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.21 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.27 436.10 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(Company ) Tj ET Q q 0 0 0 rg BT 318.66 424.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.33 424.10 Td (2,146,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.33 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.70 424.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.06 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.76 424.10 Td (its ) Tj ET Q q 0 0 0 rg BT 461.58 424.10 Td (common ) Tj ET Q q 0 0 0 rg BT 498.94 424.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 522.42 424.10 Td (under ) Tj ET Q q 0 0 0 rg BT 547.56 424.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 69.72 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.88 412.10 Td (total ) Tj ET Q q 0 0 0 rg BT 104.15 412.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 160.52 412.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 412.10 Td ($31.9 ) Tj ET Q q 0 0 0 rg BT 196.35 412.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.24 412.10 Td (.) 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520.79 67.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.43 67.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.43 67.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.58 67.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 55.25 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 55.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.66 55.25 Td (.) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 718.10 Td (13. ) Tj ET Q q 0 0 0 rg BT 87.49 718.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 111.67 718.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 144.17 718.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 154.54 718.10 Td (ofit ) Tj ET Q q 0 0 0 rg BT 171.48 718.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 207.88 718.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 229.83 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.27 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.20 718.10 Td (rust) Tj ET Q BT /F1 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Td (for ) Tj ET Q q 0 0 0 rg BT 301.72 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.70 658.10 Td (years ) Tj ET Q q 0 0 0 rg BT 338.56 658.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 367.53 658.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.38 658.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.38 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.64 658.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.64 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.40 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.59 658.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.59 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.85 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 658.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 622.10 Td (14. ) Tj ET Q q 0 0 0 rg BT 87.49 622.10 Td (Geographic ) Tj ET Q q 0 0 0 rg BT 139.99 622.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.43 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.21 598.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 195.41 598.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.07 598.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.51 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.39 598.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 276.81 598.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 313.02 598.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 341.46 598.10 Td (results ) Tj ET Q q 0 0 0 rg BT 370.46 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 385.55 598.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 424.53 598.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 464.06 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.94 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 598.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 539.51 598.10 Td (CEO, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.75 586.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 84.03 586.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.09 586.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 159.72 586.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 187.00 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.63 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.71 586.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.77 586.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 300.59 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.33 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.84 586.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 373.57 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.20 586.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 426.76 586.10 Td (External ) Tj ET Q q 0 0 0 rg BT 462.93 586.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 501.88 586.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 539.72 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 586.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 75.55 574.10 Td (below ) Tj ET Q q 0 0 0 rg BT 102.21 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 123.85 574.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 164.40 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.39 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.05 574.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 221.58 574.10 Td (country ) Tj ET Q q 0 0 0 rg BT 254.35 574.10 Td (based ) Tj ET Q q 0 0 0 rg BT 279.34 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.56 574.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 325.99 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.43 574.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 379.30 574.10 Td (had ) Tj ET Q q 0 0 0 rg BT 395.96 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.62 574.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 427.61 574.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 462.03 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 482.03 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.47 574.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 537.57 574.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.52 562.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 107.03 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.78 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.74 562.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 177.02 562.10 Td (country ) Tj ET Q q 0 0 0 rg BT 210.54 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.17 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.36 562.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 258.88 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.18 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.37 562.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 332.92 562.10 Td (products/services ) Tj ET Q q 0 0 0 rg BT 405.31 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.06 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 438.47 562.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 460.33 562.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 504.41 562.10 Td (located ) Tj ET Q q 0 0 0 rg BT 536.25 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.00 562.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (country) Tj ET Q q 0 0 0 rg BT 79.90 550.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 538.10 Td (During ) Tj ET Q q 0 0 0 rg BT 128.86 538.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 150.38 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.13 538.10 Td (change ) Tj ET Q q 0 0 0 rg BT 193.97 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.28 538.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 233.68 538.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 270.18 538.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 309.47 538.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 329.87 538.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 370.81 538.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 405.32 538.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 448.50 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.47 538.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 487.10 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 538.10 Td (America ) Tj ET Q q 0 0 0 rg BT 524.24 538.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.63 526.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.72 526.10 Td ($\(410\) ) Tj ET Q q 0 0 0 rg BT 128.47 526.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.67 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.21 526.10 Td ($\(300\) ) Tj ET Q q 0 0 0 rg BT 211.96 526.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.07 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.66 526.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 300.32 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 304.91 526.10 Td (India's ) Tj ET Q q 0 0 0 rg BT 333.24 526.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 355.34 526.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 395.19 526.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.82 526.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.67 526.10 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 497.26 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.24 526.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.67 526.10 Td (300%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.55 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 105.88 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.77 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.10 514.10 Td (various ) Tj ET Q q 0 0 0 rg BT 161.66 514.10 Td (new ) Tj ET Q q 0 0 0 rg BT 180.43 514.10 Td (e-governance ) Tj ET Q q 0 0 0 rg BT 236.40 514.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 274.60 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.50 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.05 514.10 Td (number ) Tj ET Q q 0 0 0 rg BT 333.71 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.16 514.10 Td (lar) Tj ET Q q 0 0 0 rg BT 354.52 514.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 366.07 514.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 396.79 514.10 Td (Europe's ) Tj ET Q q 0 0 0 rg BT 433.48 514.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.13 514.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 514.10 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 530.61 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (net ) Tj ET Q q 0 0 0 rg BT 63.82 502.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.76 502.10 Td ($\(2.2\) ) Tj ET Q q 0 0 0 rg BT 99.53 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.42 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.03 502.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 166.05 502.10 Td (due ) Tj ET Q q 0 0 0 rg BT 182.10 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.48 502.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 225.30 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.69 502.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 265.17 502.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 301.75 502.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 341.12 502.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 364.10 502.10 Td (due ) Tj ET Q q 0 0 0 rg BT 380.15 502.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 418.97 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.35 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.18 502.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 482.66 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.70 502.10 Td (commencement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 490.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.53 490.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.24 490.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.17 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.34 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.50 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.84 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.85 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.57 468.10 Td (following ) Tj ET Q q 0 0 0 rg BT 157.62 468.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 199.21 468.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 220.82 468.10 Td (information ) Tj ET Q q 0 0 0 rg BT 270.20 468.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 298.46 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.41 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.79 468.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 369.54 468.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 416.13 468.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 454.40 468.10 Td (\(all ) Tj ET Q q 0 0 0 rg BT 469.90 468.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 505.95 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.90 468.10 Td (thousands\): ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 444.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 444.10 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.60 444.10 Td (December) Tj ET Q q 0 0 0 rg BT 145.73 444.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.23 444.10 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.23 444.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.60 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 399.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.50 399.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 399.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 399.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 399.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 399.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 399.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 399.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 399.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.50 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 548.50 399.60 45.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 399.6 m 169.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 399.6 m 213.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 399.6 m 217.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 399.6 m 262.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 399.6 m 266.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 399.6 m 313.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 399.6 m 367.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 399.6 m 371.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 399.6 m 414.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 399.6 m 418.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 399.6 m 456.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 399.6 m 460.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 399.6 m 500.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 399.6 m 504.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 399.6 m 544.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 544.5 399.6 m 548.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 548.5 399.6 m 593.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 399.6 m 169.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 399.6 m 213.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 399.6 m 217.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 399.6 m 262.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 399.6 m 266.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 399.6 m 313.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 399.6 m 367.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 399.6 m 371.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 399.6 m 414.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 399.6 m 418.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 399.6 m 456.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 399.6 m 460.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 399.6 m 500.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 399.6 m 504.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 399.6 m 544.5 399.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.55 414.28 Td (United) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.20 404.28 Td (States) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.30 404.28 Td (Canada) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.80 414.28 Td (Latin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.15 404.28 Td (America) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 404.28 Td (Australia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.40 404.28 Td (Singapore) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.05 414.28 Td (New) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.95 404.28 Td (Zealand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.60 404.28 Td (India) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.25 404.28 Td (Europe) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.90 404.28 Td (Dubai) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.55 404.28 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 389.27 Td (External) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.10 379.27 Td (213,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 379.27 Td (6,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 379.27 Td (8,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 379.27 Td (31,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 379.27 Td (5,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.10 379.27 Td (1,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 379.27 Td (14,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 379.27 Td (17,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 379.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.10 379.27 Td (298,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.27 Td (Long-lived) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.27 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.10 354.27 Td (385,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 354.27 Td (6,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.10 354.27 Td (23,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 354.27 Td (1,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 354.27 Td (17,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 354.27 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 354.27 Td (83,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 354.27 Td (21,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 354.27 Td (54,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.00 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.10 354.27 Td (593,886) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 326.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 326.10 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.60 326.10 Td (December) Tj ET Q q 0 0 0 rg BT 145.73 326.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.23 326.10 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.23 326.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 282.60 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 282.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.50 282.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 282.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 282.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 282.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 282.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 282.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 282.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 282.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.50 282.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 548.50 282.60 45.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 282.6 m 169.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 282.6 m 213.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 282.6 m 217.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 282.6 m 262.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 282.6 m 266.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 282.6 m 313.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 282.6 m 367.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 282.6 m 371.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 282.6 m 414.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 282.6 m 418.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 282.6 m 456.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 282.6 m 460.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 282.6 m 500.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 282.6 m 504.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 282.6 m 544.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 544.5 282.6 m 548.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 548.5 282.6 m 593.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 282.6 m 169.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 282.6 m 213.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 282.6 m 217.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 282.6 m 262.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 282.6 m 266.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 282.6 m 313.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 282.6 m 367.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 282.6 m 371.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 282.6 m 414.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 282.6 m 418.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 282.6 m 456.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 282.6 m 460.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 282.6 m 500.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 282.6 m 544.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 544.5 282.6 m 548.5 282.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.55 297.28 Td (United) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.20 287.28 Td (States) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.30 287.28 Td (Canada) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.80 297.28 Td (Latin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.15 287.28 Td (America) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 287.28 Td (Australia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.40 287.28 Td (Singapore) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.05 297.28 Td (New) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.95 287.28 Td (Zealand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.60 287.28 Td (India) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.25 287.28 Td (Europe) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.90 287.28 Td (Dubai) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.55 287.28 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.27 Td (External) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.10 262.27 Td (205,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 262.27 Td (4,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 262.27 Td (5,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 262.27 Td (30,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 262.27 Td (5,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.10 262.27 Td (2,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 262.27 Td (3,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.10 262.27 Td (8,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 262.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.10 262.27 Td (265,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.27 Td (Long-lived) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.27 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.10 237.27 Td (374,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 237.27 Td (6,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 237.27 Td (6,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 237.27 Td (199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 237.27 Td (68,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 237.27 Td (221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 237.27 Td (74,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 237.27 Td (28,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 237.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.10 237.27 Td (559,159) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 209.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 209.10 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.60 209.10 Td (December) Tj ET Q q 0 0 0 rg BT 145.73 209.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.23 209.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.23 209.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 165.60 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 165.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.50 165.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 165.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 165.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 165.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 165.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 165.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 165.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 165.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.50 165.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 548.50 165.60 45.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 165.60000000000002 m 169.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 165.60000000000002 m 213.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 165.60000000000002 m 217.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 165.60000000000002 m 262.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 165.60000000000002 m 266.5 165.60000000000002 l s 0 0 0 RG 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 670.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.92 670.10 Td (16.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.75 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.10 670.10 Td (weakening ) Tj ET Q q 0 0 0 rg BT 140.76 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.44 670.10 Td (British ) Tj ET Q q 0 0 0 rg BT 181.02 670.10 Td (Pound ) Tj ET Q q 0 0 0 rg BT 208.93 670.10 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 242.95 670.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 270.85 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.42 670.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 305.55 670.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 333.45 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 360.23 670.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 389.79 670.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 670.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 416.43 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.32 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.67 670.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 484.44 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.56 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.13 670.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 553.69 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 93.60 658.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 121.93 658.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 157.75 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.25 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 168.40 658.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 185.34 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.84 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.56 658.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 265.60 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.43 658.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 318.92 658.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.75 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.68 658.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 407.49 658.10 Td (software ) Tj ET Q q 0 0 0 rg BT 444.42 658.10 Td (development ) Tj ET Q q 0 0 0 rg BT 498.57 658.10 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 610.10 Td (15. ) Tj ET Q q 0 0 0 rg BT 87.49 610.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 122.76 610.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 148.96 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 154.88 610.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.64 586.10 Td (e ) Tj ET Q q 0 0 0 rg BT 114.28 586.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 150.36 586.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 185.34 586.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 208.65 586.10 Td (\("Regions"\) ) Tj ET Q q 0 0 0 rg BT 258.45 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.43 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 280.07 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.71 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 316.12 586.10 Td (party ) Tj ET Q q 0 0 0 rg BT 338.87 586.10 Td (because ) Tj ET Q q 0 0 0 rg BT 372.72 586.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 407.70 586.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 444.34 586.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 484.30 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.28 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.70 586.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 549.79 586.10 Td (via ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.33 574.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 102.98 574.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 153.06 574.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 188.17 574.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 219.38 574.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 244.46 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.13 574.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 277.46 574.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 285.34 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.01 574.10 Td (these ) Tj ET Q q 0 0 0 rg BT 319.45 574.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 375.11 574.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 415.21 574.10 Td (Statements\), ) Tj ET Q q 0 0 0 rg BT 467.81 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.13 574.10 Td (because ) Tj ET Q q 0 0 0 rg BT 519.67 574.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 555.33 574.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (also ) Tj ET Q q 0 0 0 rg BT 69.25 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.83 562.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 116.63 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.55 562.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 155.69 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.05 562.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 213.08 562.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 234.00 562.10 Td (products ) Tj ET Q q 0 0 0 rg BT 271.58 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.16 562.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 327.01 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.15 562.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 372.17 562.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.17 562.10 Td (from ) Tj ET Q q 0 0 0 rg BT 441.76 562.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 477.68 562.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.25 562.10 Td ($280 ) Tj ET Q q 0 0 0 rg BT 523.39 562.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 564.50 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 73.23 550.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.06 550.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.72 550.10 Td ($281 ) Tj ET Q q 0 0 0 rg BT 155.95 550.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.06 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.28 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.17 550.10 Td (each ) Tj ET Q q 0 0 0 rg BT 231.71 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.26 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.70 550.10 Td (years ) Tj ET Q q 0 0 0 rg BT 283.03 550.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 313.47 550.10 Td (December ) Tj ET Q q 0 0 0 rg BT 357.78 550.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.50 550.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 399.23 550.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 424.95 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.62 550.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 468.34 550.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 516.00 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 521.73 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.24 550.10 Td (Accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 93.58 538.10 Td (due ) Tj ET Q q 0 0 0 rg BT 110.52 538.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.46 538.10 Td (Regions ) Tj ET Q q 0 0 0 rg BT 167.73 538.10 Td (were ) Tj ET Q q 0 0 0 rg BT 189.66 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.60 538.10 Td ($161 ) Tj ET Q q 0 0 0 rg BT 229.10 538.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.21 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.71 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 538.10 Td ($210 ) Tj ET Q q 0 0 0 rg BT 307.15 538.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.26 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.76 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 355.47 538.10 Td (December ) Tj ET Q q 0 0 0 rg BT 399.06 538.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 414.06 538.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 436.56 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.50 538.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 478.50 538.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 526.16 538.10 Td (.) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Note 16. Quarterly Financial Information \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 708.25 Td (following ) Tj ET Q q 0 0 0 rg BT 145.43 708.25 Td (is ) Tj ET Q q 0 0 0 rg BT 154.60 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.32 708.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 211.25 708.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 249.85 708.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.33 708.25 Td (information ) Tj ET Q q 0 0 0 rg BT 337.04 708.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.20 708.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.20 708.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.20 708.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.20 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.70 708.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.64 708.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.64 708.25 Td (:) Tj ET Q 0.8 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1 rg /GS0 gs 358.50 632.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 632.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 632.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 632.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 632.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 604.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 604.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 604.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 604.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 604.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 604.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 604.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 604.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 576.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 576.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 576.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 576.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 548.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 548.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 548.75 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1 rg /GS0 gs 492.50 436.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 436.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 408.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 408.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 408.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 408.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 380.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 380.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 380.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 380.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 352.75 235.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 352.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 352.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 352.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 352.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 352.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 352.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 352.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 352.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 674.75 m 354.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 674.75 m 423.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 674.75 m 492.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 674.75 m 561.5 674.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.20 688.48 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.05 678.48 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.20 688.48 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.05 678.48 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.95 688.48 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.05 678.48 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 688.48 Td (Fourth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.05 678.48 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.90 665.43 Td (\(in thousands, except share data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 651.43 Td (Year Ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 637.32 Td (71,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 637.32 Td (72,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 637.32 Td (74,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 637.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 637.32 Td (80,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.32 Td (Gross Profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 623.32 Td (51,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 623.32 Td (51,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 623.32 Td (52,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 623.32 Td (57,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 609.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 609.32 Td (24,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 609.32 Td (23,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 609.32 Td (24,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 609.32 Td (27,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 595.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 595.32 Td (22,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 595.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 595.32 Td (22,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 595.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 595.32 Td (24,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 595.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 595.32 Td (24,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.32 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 567.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 567.32 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 567.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 567.32 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 567.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 567.32 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 567.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 567.32 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 553.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 553.32 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 553.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 553.32 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 553.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 553.32 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 553.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 553.32 Td (0.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 539.43 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 539.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 539.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 539.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 539.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 525.32 Td (63,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 525.32 Td (64,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 525.32 Td (66,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 525.32 Td (70,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.32 Td (Gross Profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 511.32 Td (44,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 511.32 Td (46,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 511.32 Td (49,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 511.32 Td (53,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 497.32 Td (20,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 497.32 Td (20,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 497.32 Td (21,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 497.32 Td (25,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 483.32 Td (18,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 483.32 Td (19,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 483.32 Td (20,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 483.32 Td (21,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.32 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 455.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 455.32 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 455.32 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 455.32 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 455.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 455.32 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 441.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 441.32 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 441.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 441.32 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 441.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 441.32 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 441.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 441.32 Td (0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 427.43 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 427.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 427.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 427.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 427.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 413.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 413.32 Td (51,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 413.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 413.32 Td (51,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 413.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 413.32 Td (50,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 413.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 413.32 Td (60,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.32 Td (Gross Profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 399.32 Td (41,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 399.32 Td (41,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 399.32 Td (40,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 399.32 Td (43,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 385.32 Td (19,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 385.32 Td (17,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 385.32 Td (21,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 385.32 Td (21,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 371.32 Td (15,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 371.32 Td (13,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 371.32 Td (18,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 371.32 Td (16,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.32 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 357.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 357.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 357.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 357.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 343.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 343.32 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 343.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 343.32 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 343.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 343.32 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 343.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 343.32 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 329.32 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 329.32 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 329.32 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 329.32 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 301.25 Td (In some instances the sum of the quarterly basic and diluted net income per share amounts may not agree to the full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (year basic and diluted net income per share amounts reported on the Consolidated Statements of Income because of rounding.) 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279.90 502.25 Td (out ) Tj ET Q q 0 0 0 rg BT 296.21 502.25 Td (IT) Tj ET Q q 0 0 0 rg BT 305.47 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.00 502.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 344.18 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 355.49 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.24 502.25 Td (government ) Tj ET Q q 0 0 0 rg BT 422.53 502.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 449.94 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.80 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.55 502.25 Td (country ) Tj ET Q q 0 0 0 rg BT 511.63 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.49 502.25 Td (India ) Tj ET Q q 0 0 0 rg BT 547.56 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 98.79 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.28 490.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 141.41 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.89 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.81 490.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 232.28 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.31 490.25 Td (e-governance ) Tj ET Q q 0 0 0 rg BT 299.87 490.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 334.23 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.71 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.63 490.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 382.87 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.91 490.25 Td (education ) Tj ET Q q 0 0 0 rg BT 435.48 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.63 490.25 Td (healthcare. ) Tj ET Q q 0 0 0 rg BT 498.91 490.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 520.50 490.25 Td (has ) Tj ET Q q 0 0 0 rg BT 536.54 490.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.68 490.25 Td (51%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 78.47 478.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 111.38 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.63 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.32 478.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 160.12 478.25 Td (venture, ) Tj ET Q q 0 0 0 rg BT 196.08 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.74 478.25 Td (V) Tj ET Q q 0 0 0 rg BT 219.86 478.25 Td (ayam ) Tj ET Q q 0 0 0 rg BT 244.99 478.25 Td (has ) Tj ET Q q 0 0 0 rg BT 261.79 478.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.70 478.25 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.03 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.50 478.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 319.97 478.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 352.88 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.13 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.82 478.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 401.63 478.25 Td (venture. ) Tj ET Q q 0 0 0 rg BT 437.59 478.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 459.95 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 470.09 478.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 492.45 478.25 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 549.80 478.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.21 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.10 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 466.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 141.13 466.25 Td (V) Tj ET Q q 0 0 0 rg BT 147.25 466.25 Td (ayam ) Tj ET Q q 0 0 0 rg BT 171.46 466.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 205.68 466.25 Td (JV) Tj ET Q q 0 0 0 rg BT 216.61 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.17 466.25 Td (into ) Tj ET Q q 0 0 0 rg BT 237.28 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.06 466.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 299.19 466.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.73 466.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 381.50 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.50 466.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 441.59 466.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 480.80 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.39 466.25 Td (V) Tj ET Q q 0 0 0 rg BT 501.50 466.25 Td (ayam ) Tj ET Q q 0 0 0 rg BT 525.72 466.25 Td (minority) Tj ET Q q 0 0 0 rg BT 559.51 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (non-controlling, ) Tj ET Q q 0 0 0 rg BT 117.21 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.15 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.42 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.14 454.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 194.98 454.25 Td (venture's ) Tj ET Q q 0 0 0 rg BT 233.15 454.25 Td (net ) Tj ET Q q 0 0 0 rg BT 247.87 454.25 Td (income ) Tj ET Q q 0 0 0 rg BT 279.80 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.74 454.25 Td (equity) Tj ET Q q 0 0 0 rg BT 321.09 454.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 430.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.87 430.25 Td (September ) Tj ET Q q 0 0 0 rg BT 170.05 430.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 179.97 430.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 202.38 430.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 223.68 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.54 430.25 Td (Independence ) Tj ET Q q 0 0 0 rg BT 298.47 430.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 337.56 430.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 388.30 430.25 Td (\("IHC"\) ) Tj ET Q q 0 0 0 rg BT 422.76 430.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 454.05 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.90 430.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 481.65 430.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 514.05 430.25 Td (named ) Tj ET Q q 0 0 0 rg BT 543.12 430.25 Td (Ebix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Health ) Tj ET Q q 0 0 0 rg BT 78.37 418.25 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 120.36 418.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 140.96 418.25 Td (\("EbixHealth ) Tj ET Q q 0 0 0 rg BT 195.63 418.25 Td (JV"\). ) Tj ET Q q 0 0 0 rg BT 218.24 418.25 Td (This ) Tj ET Q q 0 0 0 rg BT 237.73 418.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 257.77 418.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 289.47 418.25 Td (was ) Tj ET Q q 0 0 0 rg BT 306.73 418.25 Td (established ) Tj ET Q q 0 0 0 rg BT 352.87 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.36 418.25 Td (promote ) Tj ET Q q 0 0 0 rg BT 397.40 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.55 418.25 Td (market ) Tj ET Q q 0 0 0 rg BT 443.02 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 449.17 418.25 Td (best ) Tj ET Q q 0 0 0 rg BT 466.99 418.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 504.23 418.25 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (data ) Tj ET Q q 0 0 0 rg BT 68.91 406.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 108.91 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.83 406.25 Td (health ) Tj ET Q q 0 0 0 rg BT 149.51 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.20 406.25 Td (pet ) Tj ET Q q 0 0 0 rg BT 180.67 406.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 221.24 406.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 242.38 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.96 406.25 Td (business ) Tj ET Q q 0 0 0 rg BT 289.11 406.25 Td (nationally) Tj ET Q q 0 0 0 rg BT 328.45 406.25 Td (. ) Tj ET Q q 0 0 0 rg BT 333.20 406.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 354.34 406.25 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.81 406.25 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 393.56 406.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.45 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.70 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.40 406.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 489.19 406.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.64 406.25 Td (portions ) Tj ET Q q 0 0 0 rg BT 553.68 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.90 394.25 Td (CurePet ) Tj ET Q q 0 0 0 rg BT 96.58 394.25 Td (investment, ) Tj ET Q q 0 0 0 rg BT 145.42 394.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 174.53 394.25 Td (by ) Tj ET Q q 0 0 0 rg BT 186.98 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 394.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 249.65 394.25 Td (JV) Tj ET Q q 0 0 0 rg BT 260.59 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.04 394.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.71 394.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 292.67 394.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.56 394.25 Td (, ) Tj ET Q q 0 0 0 rg BT 326.52 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 340.63 394.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.54 394.25 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.87 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.33 394.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 425.21 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.10 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.34 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.01 394.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 530.01 394.25 Td (JV) Tj ET Q q 0 0 0 rg BT 539.83 394.25 Td (. ) Tj ET Q q 0 0 0 rg BT 544.79 394.25 Td (IHC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 97.10 382.25 Td (all ) Tj ET Q q 0 0 0 rg BT 108.66 382.25 Td (if ) Tj ET Q q 0 0 0 rg BT 116.32 382.25 Td (its ) Tj ET Q q 0 0 0 rg BT 127.33 382.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.88 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.22 382.25 Td (its ) Tj ET Q q 0 0 0 rg BT 174.22 382.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 207.45 382.25 Td (third ) Tj ET Q q 0 0 0 rg BT 227.89 382.25 Td (party ) Tj ET Q q 0 0 0 rg BT 250.00 382.25 Td (administrator ) Tj ET Q q 0 0 0 rg BT 304.88 382.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.09 382.25 Td (\(IHC ) Tj ET Q q 0 0 0 rg BT 370.20 382.25 Td (Health ) Tj ET Q q 0 0 0 rg BT 398.42 382.25 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 440.27 382.25 Td (Inc.\), ) Tj ET Q q 0 0 0 rg BT 462.92 382.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 491.14 382.25 Td (by ) Tj ET Q q 0 0 0 rg BT 502.70 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 382.25 Td (EbixHealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (JV) Tj ET Q q 0 0 0 rg BT 60.93 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 63.47 370.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.23 370.25 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 98.26 370.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.16 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.69 370.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.89 370.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.88 370.25 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.21 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.75 370.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 228.72 370.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 260.69 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.01 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.76 370.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 333.84 370.25 Td (JV) Tj ET Q q 0 0 0 rg BT 344.77 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.31 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.29 370.25 Td (received ) Tj ET Q q 0 0 0 rg BT 400.69 370.25 Td (a ) Tj ET Q q 0 0 0 rg BT 407.67 370.25 Td (special ) Tj ET Q q 0 0 0 rg BT 437.97 370.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 486.62 370.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.49 370.25 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 517.52 370.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.42 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 550.89 370.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.24 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.92 358.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 97.73 358.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 129.18 358.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 174.79 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 190.70 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.61 358.25 Td (all ) Tj ET Q q 0 0 0 rg BT 218.08 358.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 243.44 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.24 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.92 358.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 313.94 358.25 Td (JV) Tj ET Q q 0 0 0 rg BT 323.76 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.73 358.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 371.96 358.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 400.63 358.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 441.52 358.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 481.31 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.56 358.25 Td (former ) Tj ET Q q 0 0 0 rg BT 519.24 358.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 346.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 81.20 346.25 Td (Health ) Tj ET Q q 0 0 0 rg BT 110.69 346.25 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 153.80 346.25 Td (Inc.\) ) Tj ET Q q 0 0 0 rg BT 175.22 346.25 Td (through ) Tj ET Q q 0 0 0 rg BT 209.16 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.20 346.25 Td (period ) Tj ET Q q 0 0 0 rg BT 252.58 346.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 282.62 346.25 Td (December ) Tj ET Q q 0 0 0 rg BT 326.53 346.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.85 346.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 364.68 346.25 Td (will ) Tj ET Q q 0 0 0 rg BT 383.06 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 395.33 346.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 434.24 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.85 346.25 Td (IHC, ) Tj ET Q q 0 0 0 rg BT 467.40 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.66 346.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 504.71 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 514.20 346.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 554.24 346.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 71.53 334.25 Td (any ) Tj ET Q q 0 0 0 rg BT 89.18 334.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 126.25 334.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.23 334.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 168.76 334.25 Td (during ) Tj ET Q q 0 0 0 rg BT 198.08 334.25 Td (this ) Tj ET Q q 0 0 0 rg BT 215.73 334.25 Td (period ) Tj ET Q q 0 0 0 rg BT 244.48 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 256.01 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.66 334.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 284.08 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.06 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.48 334.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 359.23 334.25 Td (JV) Tj ET Q q 0 0 0 rg BT 369.05 334.25 Td (, ) Tj ET Q q 0 0 0 rg BT 374.76 334.25 Td (with ) Tj ET Q q 0 0 0 rg BT 395.74 334.25 Td (any ) Tj ET Q q 0 0 0 rg BT 413.38 334.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 457.13 334.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 490.87 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.40 334.25 Td (said ) Tj ET Q q 0 0 0 rg BT 521.72 334.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 542.14 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 334.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (December ) Tj ET Q q 0 0 0 rg BT 94.24 322.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 109.90 322.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 133.06 322.25 Td (being ) Tj ET Q q 0 0 0 rg BT 158.43 322.25 Td (then ) Tj ET Q q 0 0 0 rg BT 178.81 322.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 221.39 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.33 322.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 281.03 322.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 313.34 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.49 322.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 325.75 322.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 356.11 322.25 Td (July ) Tj ET Q q 0 0 0 rg BT 375.94 322.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 386.60 322.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 409.76 322.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 431.80 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.40 322.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 469.78 322.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 499.05 322.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 537.74 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 545.34 322.25 Td (Call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Notice ) Tj ET Q q 0 0 0 rg BT 78.97 310.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 125.43 310.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 162.17 310.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 183.38 310.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 226.23 310.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 268.53 310.25 Td (common ) Tj ET Q q 0 0 0 rg BT 305.85 310.25 Td (units ) Tj ET Q q 0 0 0 rg BT 327.61 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.70 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.24 310.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 400.09 310.25 Td (JV) Tj ET Q q 0 0 0 rg BT 411.03 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.34 310.25 Td (from ) Tj ET Q q 0 0 0 rg BT 435.10 310.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 454.63 310.25 Td (constituting ) Tj ET Q q 0 0 0 rg BT 504.17 310.25 Td (eleven ) Tj ET Q q 0 0 0 rg BT 532.58 310.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 298.25 Td (1) Tj ET Q q 0 0 0 rg BT 57.96 298.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.29 298.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 77.77 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.25 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.61 298.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 153.31 298.25 Td (JV) Tj ET Q q 0 0 0 rg BT 164.24 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 167.39 298.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.20 298.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 202.85 298.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.74 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.89 298.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.81 298.25 Td (which ) Tj ET Q q 0 0 0 rg BT 283.39 298.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 318.20 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.13 298.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 351.16 298.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 384.87 298.25 Td (an ) Tj ET Q q 0 0 0 rg BT 397.46 298.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 439.47 298.25 Td (fifty-one ) Tj ET Q q 0 0 0 rg BT 477.60 298.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 510.18 298.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.51 298.25 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.84 298.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 538.32 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 298.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 98.96 286.25 Td (JV) Tj ET Q q 0 0 0 rg BT 108.79 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 114.71 286.25 Td (Commensurate ) Tj ET Q q 0 0 0 rg BT 178.67 286.25 Td (with ) Tj ET Q q 0 0 0 rg BT 199.87 286.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 243.28 286.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 271.69 286.25 Td (stake ) Tj ET Q q 0 0 0 rg BT 295.66 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.86 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.50 286.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 344.25 286.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 377.66 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.52 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.38 286.25 Td (new ) Tj ET Q q 0 0 0 rg BT 423.46 286.25 Td (contemporaneous ) Tj ET Q q 0 0 0 rg BT 497.41 286.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 538.04 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 286.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (business ) Tj ET Q q 0 0 0 rg BT 87.56 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.45 274.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.01 274.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 181.32 274.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.43 274.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 210.61 274.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.50 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.17 274.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 264.06 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.73 274.25 Td (its ) Tj ET Q q 0 0 0 rg BT 290.85 274.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 336.74 274.25 Td (carried ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.16 274.25 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.49 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.17 274.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.83 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 451.94 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.39 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.28 274.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 528.49 274.25 Td (JV) Tj ET Q q 0 0 0 rg BT 538.32 274.25 Td (. ) Tj ET Q q 0 0 0 rg BT 544.22 274.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.38 262.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 114.11 262.25 Td (is ) Tj ET Q q 0 0 0 rg BT 122.30 262.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 158.79 262.25 Td (as ) Tj ET Q q 0 0 0 rg BT 168.64 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.59 262.25 Td (component ) Tj ET Q q 0 0 0 rg BT 220.54 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.39 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 252.46 262.25 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 310.07 262.25 Td (income ) Tj ET Q q 0 0 0 rg BT 341.02 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.32 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.05 262.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 423.88 262.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 478.17 262.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 519.68 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.52 262.25 Td (Income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 94.30 250.25 Td (July ) Tj ET Q q 0 0 0 rg BT 113.60 250.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 123.73 250.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 146.37 250.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 167.89 250.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.19 250.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 198.71 250.25 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 255.23 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.08 250.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.37 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.33 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.18 250.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 388.35 250.25 Td (JV) Tj ET Q q 0 0 0 rg BT 399.29 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.92 250.25 Td (into ) Tj ET Q q 0 0 0 rg BT 420.11 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.96 250.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 482.17 250.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 250.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 238.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 109.50 238.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 148.43 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.91 238.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 182.40 238.25 Td (minority) Tj ET Q q 0 0 0 rg BT 216.19 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 220.96 238.25 Td (non-controlling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.94 238.25 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.27 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.54 238.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 340.24 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.28 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.77 238.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 385.37 238.25 Td (venture's ) Tj ET Q q 0 0 0 rg BT 423.31 238.25 Td (net ) Tj ET Q q 0 0 0 rg BT 437.80 238.25 Td (income ) Tj ET Q q 0 0 0 rg BT 469.50 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.21 238.25 Td (equity) Tj ET Q q 0 0 0 rg BT 510.55 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 515.32 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.02 238.25 Td (thereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 91.08 226.25 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 118.42 226.25 Td (net ) Tj ET Q q 0 0 0 rg BT 133.41 226.25 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.17 226.25 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.26 226.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 224.46 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.01 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.99 226.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 298.30 226.25 Td (JV) Tj ET Q q 0 0 0 rg BT 309.23 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 312.00 226.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 340.87 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 351.97 226.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 381.13 226.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 436.38 226.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.47 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.68 226.25 Td (related ) Tj ET Q q 0 0 0 rg BT 484.65 226.25 Td (party) Tj ET Q q 0 0 0 rg BT 504.54 226.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.81 226.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 529.80 226.25 Td (also ) Tj ET Q q 0 0 0 rg BT 548.67 226.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (been ) Tj ET Q q 0 0 0 rg BT 71.26 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.09 214.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 128.80 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.96 214.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.78 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.61 214.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 196.65 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.36 214.25 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 231.14 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.96 214.25 Td (during ) Tj ET Q q 0 0 0 rg BT 276.45 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.05 214.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 320.10 214.25 Td (months ) Tj ET Q q 0 0 0 rg BT 351.93 214.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 381.53 214.25 Td (December ) Tj ET Q q 0 0 0 rg BT 425.00 214.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 439.89 214.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 462.27 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.87 214.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.14 214.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 70.64 202.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.54 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.68 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.16 202.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 148.95 202.25 Td (from ) Tj ET Q q 0 0 0 rg BT 171.53 202.25 Td (IHC, ) Tj ET Q q 0 0 0 rg BT 194.39 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.98 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 223.45 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.93 202.25 Td (December ) Tj ET Q q 0 0 0 rg BT 279.16 202.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 294.80 202.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 317.94 202.25 Td (IHC ) Tj ET Q q 0 0 0 rg BT 338.31 202.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.89 202.25 Td ($125 ) Tj ET Q q 0 0 0 rg BT 379.04 202.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.29 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.77 202.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 467.90 202.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 512.12 202.25 Td (due ) Tj ET Q q 0 0 0 rg BT 529.70 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.63 202.25 Td (Ebix. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (During ) Tj ET Q q 0 0 0 rg BT 79.93 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.74 190.25 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 150.88 190.25 Td (period ) Tj ET Q q 0 0 0 rg BT 178.02 190.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 206.83 190.25 Td (December ) Tj ET Q q 0 0 0 rg BT 249.51 190.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 263.61 190.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 285.20 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.01 190.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 346.15 190.25 Td (JV) Tj ET Q q 0 0 0 rg BT 357.08 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.68 190.25 Td (had ) Tj ET Q q 0 0 0 rg BT 374.71 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 380.75 190.25 Td (net ) Tj ET Q q 0 0 0 rg BT 394.56 190.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 411.72 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.64 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.24 190.25 Td ($956 ) Tj ET Q q 0 0 0 rg BT 444.84 190.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.94 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.04 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.07 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 511.00 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.93 190.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 178.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.50 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.22 178.25 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 150.26 178.25 Td (JV) Tj ET Q q 0 0 0 rg BT 161.19 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.69 178.25 Td (had ) Tj ET Q q 0 0 0 rg BT 180.63 178.25 Td (net ) Tj ET Q q 0 0 0 rg BT 195.35 178.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 222.84 178.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 255.87 178.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.70 178.25 Td ($22.4 ) Tj ET Q q 0 0 0 rg BT 291.70 178.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 178.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 142.25 Td (19. ) Tj ET Q q 0 0 0 rg BT 87.49 142.25 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 138.88 142.25 Td (Softwar) Tj ET Q q 0 0 0 rg BT 172.58 142.25 Td (e ) Tj ET Q q 0 0 0 rg BT 179.52 142.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 238.12 142.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.25 Td (In ) Tj ET Q q 0 0 0 rg BT 97.63 118.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 145.89 118.25 Td (with ) Tj ET Q q 0 0 0 rg BT 166.97 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.49 118.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 217.99 118.25 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 271.83 118.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 319.00 118.25 Td (literature ) Tj ET Q q 0 0 0 rg BT 358.39 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.91 118.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.10 118.25 Td (has ) Tj ET Q q 0 0 0 rg BT 432.73 118.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 479.33 118.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.84 118.25 Td (software ) Tj ET Q q 0 0 0 rg BT 547.57 118.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (product ) Tj ET Q q 0 0 0 rg BT 83.31 106.25 Td (related ) Tj ET Q q 0 0 0 rg BT 113.28 106.25 Td (development ) Tj ET Q q 0 0 0 rg BT 167.70 106.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 190.46 106.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 234.32 106.25 Td (with ) Tj ET Q q 0 0 0 rg BT 254.87 106.25 Td (both ) Tj ET Q q 0 0 0 rg BT 275.41 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.40 106.25 Td (Company) Tj ET Q q 0 0 0 rg BT 332.06 106.25 Td (s ) Tj ET Q q 0 0 0 rg BT 338.72 106.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 384.26 106.25 Td (medical ) Tj ET Q q 0 0 0 rg BT 418.67 106.25 Td (education ) Tj ET Q q 0 0 0 rg BT 460.31 106.25 Td (service ) Tj ET Q q 0 0 0 rg BT 491.39 106.25 Td (of) Tj ET Q q 0 0 0 rg BT 499.54 106.25 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 532.58 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 564.50 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 94.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.09 94.25 Td (development ) Tj ET Q q 0 0 0 rg BT 150.27 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.14 94.25 Td (its ) Tj ET Q q 0 0 0 rg BT 171.12 94.25 Td (property ) Tj ET Q q 0 0 0 rg BT 206.53 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.50 94.25 Td (casualty ) Tj ET Q q 0 0 0 rg BT 256.80 94.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 309.99 94.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 349.83 94.25 Td (data ) Tj ET Q q 0 0 0 rg BT 368.02 94.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 407.31 94.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 443.28 94.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 481.46 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.21 94.25 Td (London ) Tj ET Q q 0 0 0 rg BT 527.86 94.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 564.51 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.42 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.73 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 114.02 82.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 82.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 198.16 82.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.16 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.25 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.56 82.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.54 82.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.93 82.25 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 340.52 82.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.41 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.50 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.92 82.25 Td (such ) Tj ET Q q 0 0 0 rg BT 402.34 82.25 Td (development ) Tj ET Q q 0 0 0 rg BT 456.08 82.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 480.67 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.30 82.25 Td (As ) Tj ET Q q 0 0 0 rg BT 495.51 82.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 82.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.95 70.25 Td (a ) Tj ET Q q 0 0 0 rg BT 80.34 70.25 Td (total ) Tj ET Q q 0 0 0 rg BT 101.07 70.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.35 70.25 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 132.81 70.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.70 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.65 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.94 70.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 219.43 70.25 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 272.36 70.25 Td (development ) Tj ET Q q 0 0 0 rg BT 326.97 70.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 349.92 70.25 Td (are ) Tj ET Q q 0 0 0 rg BT 365.08 70.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 401.35 70.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.30 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.47 70.25 Td (Company) Tj ET Q q 0 0 0 rg BT 471.14 70.25 Td (s ) Tj ET Q q 0 0 0 rg BT 477.98 70.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 531.48 70.25 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 75.62 58.25 Td (During ) Tj ET Q q 0 0 0 rg BT 106.52 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.31 58.25 Td (year ) Tj ET Q q 0 0 0 rg BT 141.09 58.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 167.54 58.25 Td (December ) Tj ET Q q 0 0 0 rg BT 211.20 58.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 226.27 58.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 248.85 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.64 58.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.10 58.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.53 58.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 371.61 58.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.07 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.97 58.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 467.08 58.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.87 58.25 Td (with ) Tj ET Q q 0 0 0 rg BT 522.22 58.25 Td (regards ) Tj ET Q q 0 0 0 rg BT 554.22 58.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.93 46.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 120.61 46.25 Td (software ) Tj ET Q q 0 0 0 rg BT 158.42 46.25 Td (development ) Tj ET Q q 0 0 0 rg BT 213.45 46.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 239.33 46.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.15 46.25 Td (is ) Tj ET Q q 0 0 0 rg BT 277.20 46.25 Td (included ) Tj ET Q q 0 0 0 rg BT 315.02 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.18 46.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 349.56 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.27 46.25 Td (services ) Tj ET Q q 0 0 0 rg BT 396.85 46.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 435.78 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.94 46.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.54 46.25 Td (Company) Tj ET Q q 0 0 0 rg BT 504.20 46.25 Td (s ) Tj ET Q q 0 0 0 rg BT 511.47 46.25 Td (consolidated ) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.78 742.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 126.94 742.10 Td (During ) Tj ET Q q 0 0 0 rg BT 158.62 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 181.96 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 742.10 Td (through ) Tj ET Q q 0 0 0 rg BT 234.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.76 742.10 Td (3rd ) Tj ET Q q 0 0 0 rg BT 266.44 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 298.10 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.77 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 333.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.68 742.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 376.46 742.10 Td (life ) Tj ET Q q 0 0 0 rg BT 393.13 742.10 Td (over ) Tj ET Q q 0 0 0 rg BT 414.24 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.03 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.57 742.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 519.22 742.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 83.55 730.10 Td (education ) Tj ET Q q 0 0 0 rg BT 124.31 730.10 Td (products ) Tj ET Q q 0 0 0 rg BT 160.65 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 182.54 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 203.87 730.10 Td (being ) Tj ET Q q 0 0 0 rg BT 227.98 730.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 269.86 730.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.31 730.10 Td (eighteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.18 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.07 730.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 356.92 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 367.15 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.26 730.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 407.59 730.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.80 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.03 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 469.93 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.04 730.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 536.47 730.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.17 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 87.23 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 110.29 718.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 132.80 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 150.87 718.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 182.26 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.55 718.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 718.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.04 718.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 238.09 718.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 288.93 718.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 344.21 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.16 718.10 Td (additionally ) Tj ET Q q 0 0 0 rg BT 411.44 718.10 Td (now ) Tj ET Q q 0 0 0 rg BT 431.18 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 443.68 718.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 488.97 718.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 523.13 718.10 Td (education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.64 706.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.85 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.26 706.10 Td (being ) Tj ET Q q 0 0 0 rg BT 147.68 706.10 Td (capitalized. ) Tj ET Q q 0 0 0 rg BT 195.53 706.10 Td (This ) Tj ET Q q 0 0 0 rg BT 215.51 706.10 Td (change ) Tj ET Q q 0 0 0 rg BT 246.03 706.10 Td (had ) Tj ET Q q 0 0 0 rg BT 262.67 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.09 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 284.68 706.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 301.87 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.40 706.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 349.59 706.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 385.11 706.10 Td (services ) Tj ET Q q 0 0 0 rg BT 419.52 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.16 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.91 706.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 481.12 706.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.32 706.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 513.02 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.91 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 706.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 96.27 694.10 Td (software ) Tj ET Q q 0 0 0 rg BT 133.66 694.10 Td (development ) Tj ET Q q 0 0 0 rg BT 188.27 694.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 211.23 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.85 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.03 694.10 Td (property ) Tj ET Q q 0 0 0 rg BT 277.87 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.27 694.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 330.99 694.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 385.61 694.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 426.89 694.10 Td (data ) Tj ET Q q 0 0 0 rg BT 446.50 694.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 487.22 694.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 524.61 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.78 694.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 92.48 682.10 Td (over ) Tj ET Q q 0 0 0 rg BT 112.75 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.69 682.10 Td (period ) Tj ET Q q 0 0 0 rg BT 147.73 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.56 682.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.11 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.61 682.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 634.10 Td (20. ) Tj ET Q q 0 0 0 rg BT 87.49 634.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 139.46 634.10 Td (Events) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 608.7669921875 m 91.1083984375 608.7669921875 l s q 0 0 0 rg BT 50.00 610.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.78 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.91 598.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 168.25 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.27 598.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 214.94 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.95 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.63 598.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 284.96 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.97 598.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 342.20 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.22 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.67 598.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 398.34 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.91 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 420.59 598.10 Td (common ) Tj ET Q q 0 0 0 rg BT 457.83 598.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 483.67 598.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 520.34 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.01 598.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 586.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 107.49 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.32 586.10 Td ($0.075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.82 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.32 586.10 Td (per ) Tj ET Q q 0 0 0 rg BT 163.59 586.10 Td (common ) Tj ET Q q 0 0 0 rg BT 201.08 586.10 Td (share ) Tj ET Q q 0 0 0 rg BT 224.68 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.74 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 254.68 586.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 274.39 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.89 586.10 Td (March ) Tj ET Q q 0 0 0 rg BT 315.49 586.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 330.49 586.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 352.99 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.27 586.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 416.31 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.14 586.10 Td (record ) Tj ET Q q 0 0 0 rg BT 455.18 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.68 586.10 Td (February ) Tj ET Q q 0 0 0 rg BT 506.27 586.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 521.27 586.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 560.7669921875 m 176.3720703125 560.7669921875 l s q 0 0 0 rg BT 50.00 562.10 Td (Repurchases ) Tj ET Q q 0 0 0 rg BT 103.04 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.87 562.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 153.59 562.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.12 550.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.10 550.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.10 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.00 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.34 550.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.34 550.10 Td (March1, ) Tj ET Q q 0 0 0 rg BT 283.34 550.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.34 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.24 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.36 550.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 363.14 550.10 Td (has ) Tj ET Q q 0 0 0 rg BT 379.37 550.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 422.81 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 435.15 550.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.04 550.10 Td (594,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.54 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.44 550.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.33 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 550.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 100.24 538.10 Td (common ) Tj ET Q q 0 0 0 rg BT 138.80 538.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 163.48 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.71 538.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 221.15 538.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 278.59 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.94 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.72 538.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 339.29 538.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.19 538.10 Td ($34.17 ) Tj ET Q q 0 0 0 rg BT 382.26 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.44 538.10 Td (All ) Tj ET Q q 0 0 0 rg BT 432.79 538.10 Td (share ) Tj ET Q q 0 0 0 rg BT 457.46 538.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 508.22 538.10 Td (were ) Tj ET Q q 0 0 0 rg BT 531.22 538.10 Td (done ) Tj ET Q q 0 0 0 rg BT 554.23 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.67 526.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.16 526.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 139.76 526.10 Td (10b-18 ) Tj ET Q q 0 0 0 rg BT 170.80 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.84 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 526.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 238.31 526.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 255.46 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.50 526.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 289.21 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.25 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.73 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.66 526.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 356.98 526.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 390.52 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.67 526.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 440.37 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.41 526.10 Td (such ) Tj ET Q q 0 0 0 rg BT 472.45 526.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 525.43 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.58 526.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 94.15 514.10 Td (using ) Tj ET Q q 0 0 0 rg BT 118.32 514.10 Td (available ) Tj ET Q q 0 0 0 rg BT 156.91 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.18 514.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 217.44 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.38 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.64 514.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 296.01 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.94 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.66 514.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 379.74 514.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.00 514.10 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 488.7669921875 m 181.9287109375 488.7669921875 l s q 0 0 0 rg BT 50.00 490.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 89.73 490.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 115.00 490.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 164.15 490.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 95.26 478.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.86 478.10 Td (February ) Tj ET Q q 0 0 0 rg BT 165.36 478.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 176.25 478.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 199.65 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.27 478.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 263.25 478.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 291.08 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.81 478.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 343.42 478.10 Td (unanimously ) Tj ET Q q 0 0 0 rg BT 398.48 478.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 439.09 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 451.92 478.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 495.31 478.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 540.91 478.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 96.77 466.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 117.46 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.26 466.10 Td ($150.0 ) Tj ET Q q 0 0 0 rg BT 160.23 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.12 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.84 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.86 466.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 241.76 466.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 277.44 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.59 466.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 362.25 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 375.16 466.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 406.40 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.65 466.10 Td (available ) Tj ET Q q 0 0 0 rg BT 467.20 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.44 466.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 526.33 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 466.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 93.13 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 107.40 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.88 454.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 172.73 454.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.76 454.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 257.62 454.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 286.88 454.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 318.35 454.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 379.25 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.74 454.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 438.87 454.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 473.13 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.72 454.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 537.19 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 454.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.11 442.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 124.63 442.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 152.15 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.68 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 174.42 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.39 442.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 217.25 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 229.78 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.52 442.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 269.27 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.23 442.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 332.09 442.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 369.60 442.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 412.11 442.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 452.95 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.70 442.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 514.81 442.10 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.94 430.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 112.20 430.10 Td (facility) Tj ET Q q 0 0 0 rg BT 139.87 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 404.7669921875 m 167.490234375 404.7669921875 l s q 0 0 0 rg BT 50.00 406.10 Td (Closure of SEC Investigation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 387.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 387.90 Td (On ) Tj ET Q q 0 0 0 rg BT 100.36 387.90 Td (February ) Tj ET Q q 0 0 0 rg BT 138.60 387.90 Td (3, ) Tj ET Q q 0 0 0 rg BT 148.24 387.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 172.88 387.90 Td (the ) Tj ET Q q 0 0 0 rg BT 187.24 387.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.27 387.90 Td (received ) Tj ET Q q 0 0 0 rg BT 264.27 387.90 Td (a ) Tj ET Q q 0 0 0 rg BT 270.85 387.90 Td (letter ) Tj ET Q q 0 0 0 rg BT 293.54 387.90 Td (from ) Tj ET Q q 0 0 0 rg BT 315.12 387.90 Td (the ) Tj ET Q q 0 0 0 rg BT 329.47 387.90 Td (Staf) Tj ET Q q 0 0 0 rg BT 345.40 387.90 Td (f ) Tj ET Q q 0 0 0 rg BT 350.87 387.90 Td (of ) Tj ET Q q 0 0 0 rg BT 361.34 387.90 Td (the ) Tj ET Q q 0 0 0 rg BT 375.70 387.90 Td (Securities ) Tj ET Q q 0 0 0 rg BT 417.28 387.90 Td (and ) Tj ET Q q 0 0 0 rg BT 433.86 387.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 475.42 387.90 Td (Commission ) Tj ET Q q 0 0 0 rg BT 528.13 387.90 Td (\(SEC\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.90 Td (stating ) Tj ET Q q 0 0 0 rg BT 79.81 375.90 Td (that ) Tj ET Q q 0 0 0 rg BT 97.94 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 113.30 375.90 Td (Staf) Tj ET Q q 0 0 0 rg BT 129.23 375.90 Td (f ) Tj ET Q q 0 0 0 rg BT 135.70 375.90 Td (has ) Tj ET Q q 0 0 0 rg BT 152.18 375.90 Td (concluded ) Tj ET Q q 0 0 0 rg BT 196.41 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.77 375.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 257.13 375.90 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 297.49 375.90 Td (investigation ) Tj ET Q q 0 0 0 rg BT 352.29 375.90 Td (relating ) Tj ET Q q 0 0 0 rg BT 385.97 375.90 Td (to ) Tj ET Q q 0 0 0 rg BT 396.89 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 412.25 375.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.28 375.90 Td (and ) Tj ET Q q 0 0 0 rg BT 471.86 375.90 Td (that ) Tj ET Q q 0 0 0 rg BT 490.00 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.36 375.90 Td (Staf) Tj ET Q q 0 0 0 rg BT 521.29 375.90 Td (f ) Tj ET Q q 0 0 0 rg BT 527.76 375.90 Td (does ) Tj ET Q q 0 0 0 rg BT 549.23 375.90 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.90 Td (intend ) Tj ET Q q 0 0 0 rg BT 77.50 363.90 Td (to ) Tj ET Q q 0 0 0 rg BT 87.77 363.90 Td (recommend ) Tj ET Q q 0 0 0 rg BT 137.48 363.90 Td (any ) Tj ET Q q 0 0 0 rg BT 154.41 363.90 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 206.88 363.90 Td (action ) Tj ET Q q 0 0 0 rg BT 233.82 363.90 Td (by ) Tj ET Q q 0 0 0 rg BT 246.32 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.04 363.90 Td (SEC ) Tj ET Q q 0 0 0 rg BT 281.88 363.90 Td (against ) Tj ET Q q 0 0 0 rg BT 312.70 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 363.90 Td (Company) Tj ET Q q 0 0 0 rg BT 365.65 363.90 Td (.) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9. CHANGES IN ) Tj ET Q q 0 0 0 rg BT 147.50 742.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 261.79 742.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 292.08 742.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 341.89 742.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 388.01 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 459.41 742.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 539.69 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 708.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (Item9A. CONTROLS ) Tj ET Q q 0 0 0 rg BT 147.78 672.25 Td (AND PROCEDURES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.00 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.34 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.01 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.67 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.34 655.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 125.86 655.25 Td (e ) Tj ET Q q 0 0 0 rg BT 132.97 655.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 155.94 655.25 Td (ols ) Tj ET Q q 0 0 0 rg BT 170.28 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.95 655.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 197.57 655.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 224.97 655.25 Td (es:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.63 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.11 655.25 Td (W) Tj ET Q q 0 0 0 rg BT 247.75 655.25 Td (e ) Tj ET Q q 0 0 0 rg BT 254.85 655.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 292.51 655.25 Td (a ) Tj ET Q q 0 0 0 rg BT 299.62 655.25 Td (system ) Tj ET Q q 0 0 0 rg BT 330.06 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.06 655.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 384.28 655.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 419.16 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.27 655.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 482.81 655.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 521.02 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.47 655.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.50 643.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 137.11 643.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.86 643.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.82 643.25 Td (information ) Tj ET Q q 0 0 0 rg BT 219.78 643.25 Td (required ) Tj ET Q q 0 0 0 rg BT 255.84 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.36 643.25 Td (be ) Tj ET Q q 0 0 0 rg BT 278.55 643.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 318.51 643.25 Td (by ) Tj ET Q q 0 0 0 rg BT 331.26 643.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.22 643.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.86 643.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.38 643.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 428.90 643.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.64 643.25 Td (we ) Tj ET Q q 0 0 0 rg BT 461.04 643.25 Td (file ) Tj ET Q q 0 0 0 rg BT 477.12 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.30 643.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 524.27 643.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 643.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.74 631.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 109.14 631.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.78 631.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 159.23 631.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 204.13 631.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 255.97 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.37 631.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 309.66 631.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 353.71 631.25 Td (within ) Tj ET Q q 0 0 0 rg BT 382.23 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.42 631.25 Td (time ) Tj ET Q q 0 0 0 rg BT 418.16 631.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 450.57 631.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 489.63 631.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.38 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 631.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 542.56 631.25 Td (rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 619.25 Td (forms. ) Tj ET Q q 0 0 0 rg BT 94.74 619.25 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 139.74 619.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 174.20 619.25 Td (also ) Tj ET Q q 0 0 0 rg BT 192.54 619.25 Td (are ) Tj ET Q q 0 0 0 rg BT 206.98 619.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 244.76 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.78 619.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 300.33 619.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 327.55 619.25 Td (that ) Tj ET Q q 0 0 0 rg BT 344.78 619.25 Td (such ) Tj ET Q q 0 0 0 rg BT 365.35 619.25 Td (information ) Tj ET Q q 0 0 0 rg BT 414.80 619.25 Td (is ) Tj ET Q q 0 0 0 rg BT 423.70 619.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 476.46 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.14 619.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 554.24 619.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 105.18 607.25 Td (including ) Tj ET Q q 0 0 0 rg BT 144.54 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.35 607.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 182.16 607.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 223.73 607.25 Td (Of) Tj ET Q q 0 0 0 rg BT 234.10 607.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 254.01 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.04 607.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 293.84 607.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 332.65 607.25 Td (Of) Tj ET Q q 0 0 0 rg BT 343.02 607.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 360.93 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 365.02 607.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.95 607.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 424.57 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.94 607.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 457.75 607.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 484.89 607.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 523.70 607.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.12 595.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 133.87 595.25 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 178.45 595.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 212.48 595.25 Td (include ) Tj ET Q q 0 0 0 rg BT 243.72 595.25 Td (components ) Tj ET Q q 0 0 0 rg BT 293.85 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.99 595.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.34 595.25 Td (control ) Tj ET Q q 0 0 0 rg BT 366.48 595.25 Td (over ) Tj ET Q q 0 0 0 rg BT 386.05 595.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.84 595.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 463.81 595.25 Td (which ) Tj ET Q q 0 0 0 rg BT 490.06 595.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 523.54 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.67 595.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 89.95 583.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 134.35 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.75 583.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 175.93 583.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 220.32 583.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 260.82 583.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 300.76 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.61 583.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 355.12 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.08 583.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.69 583.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 439.98 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.04 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.89 583.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 517.06 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.02 583.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.71 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.99 571.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 152.45 571.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.73 571.25 Td (United ) Tj ET Q q 0 0 0 rg BT 202.45 571.25 Td (States ) Tj ET Q q 0 0 0 rg BT 228.83 571.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 268.54 571.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 306.01 571.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 352.38 571.25 Td (principles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 549.20 Td ( ) Tj ET Q q 0 0 0 rg BT 76.74 549.20 Td ( ) Tj ET Q q 0 0 0 rg BT 79.48 549.20 Td ( ) Tj ET Q q 0 0 0 rg BT 82.22 549.20 Td ( ) Tj ET Q q 0 0 0 rg BT 84.96 549.20 Td ( ) Tj ET Q q 0 0 0 rg BT 87.51 549.20 Td (W) Tj ET Q q 0 0 0 rg BT 96.14 549.20 Td (e ) Tj ET Q q 0 0 0 rg BT 103.32 549.20 Td (monitor ) Tj ET Q q 0 0 0 rg BT 137.73 549.20 Td (and ) Tj ET Q q 0 0 0 rg BT 154.91 549.20 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 190.96 549.20 Td (on ) Tj ET Q q 0 0 0 rg BT 203.70 549.20 Td (an ) Tj ET Q q 0 0 0 rg BT 215.88 549.20 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 251.40 549.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 274.14 549.20 Td (our ) Tj ET Q q 0 0 0 rg BT 290.21 549.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 333.50 549.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 368.45 549.20 Td (and ) Tj ET Q q 0 0 0 rg BT 385.63 549.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 432.24 549.20 Td (in ) Tj ET Q q 0 0 0 rg BT 442.76 549.20 Td (order ) Tj ET Q q 0 0 0 rg BT 466.60 549.20 Td (to ) Tj ET Q q 0 0 0 rg BT 477.12 549.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 513.18 549.20 Td (their ) Tj ET Q q 0 0 0 rg BT 534.25 549.20 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.20 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 537.20 Td (fectiveness. ) Tj ET Q q 0 0 0 rg BT 106.94 537.20 Td (In ) Tj ET Q q 0 0 0 rg BT 117.70 537.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.35 537.20 Td (course ) Tj ET Q q 0 0 0 rg BT 160.88 537.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.64 537.20 Td (these ) Tj ET Q q 0 0 0 rg BT 194.62 537.20 Td (evaluations, ) Tj ET Q q 0 0 0 rg BT 245.09 537.20 Td (we ) Tj ET Q q 0 0 0 rg BT 259.18 537.20 Td (modify ) Tj ET Q q 0 0 0 rg BT 290.50 537.20 Td (and ) Tj ET Q q 0 0 0 rg BT 307.37 537.20 Td (refine ) Tj ET Q q 0 0 0 rg BT 333.11 537.20 Td (our ) Tj ET Q q 0 0 0 rg BT 348.88 537.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 381.85 537.20 Td (processes ) Tj ET Q q 0 0 0 rg BT 422.60 537.20 Td (and ) Tj ET Q q 0 0 0 rg BT 439.47 537.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 474.12 537.20 Td (as ) Tj ET Q q 0 0 0 rg BT 484.88 537.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 528.97 537.20 Td (warrant. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 515.15 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 515.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.95 515.15 Td (management, ) Tj ET Q q 0 0 0 rg BT 159.94 515.15 Td (including ) Tj ET Q q 0 0 0 rg BT 200.12 515.15 Td (our ) Tj ET Q q 0 0 0 rg BT 215.85 515.15 Td (Chief ) Tj ET Q q 0 0 0 rg BT 240.47 515.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 282.85 515.15 Td (Of) Tj ET Q q 0 0 0 rg BT 293.22 515.15 Td (ficer ) Tj ET Q q 0 0 0 rg BT 313.94 515.15 Td (and ) Tj ET Q q 0 0 0 rg BT 330.78 515.15 Td (Chief ) Tj ET Q q 0 0 0 rg BT 355.40 515.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 395.01 515.15 Td (Of) Tj ET Q q 0 0 0 rg BT 405.38 515.15 Td (ficer) Tj ET Q q 0 0 0 rg BT 423.29 515.15 Td (, ) Tj ET Q q 0 0 0 rg BT 428.20 515.15 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 468.91 515.15 Td (the ) Tj ET Q q 0 0 0 rg BT 483.53 515.15 Td (ef) Tj ET Q q 0 0 0 rg BT 491.11 515.15 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 537.94 515.15 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 515.15 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.15 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 98.12 503.15 Td (controls ) Tj ET Q q 0 0 0 rg BT 133.47 503.15 Td (and ) Tj ET Q q 0 0 0 rg BT 151.04 503.15 Td (procedures ) Tj ET Q q 0 0 0 rg BT 202.48 503.15 Td (\(as ) Tj ET Q q 0 0 0 rg BT 217.27 503.15 Td (defined ) Tj ET Q q 0 0 0 rg BT 250.39 503.15 Td (in ) Tj ET Q q 0 0 0 rg BT 261.30 503.15 Td (Rule ) Tj ET Q q 0 0 0 rg BT 283.32 503.15 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 325.31 503.15 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 378.99 503.15 Td (under ) Tj ET Q q 0 0 0 rg BT 404.89 503.15 Td (the ) Tj ET Q q 0 0 0 rg BT 420.24 503.15 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 462.10 503.15 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 483.00 503.15 Td (as ) Tj ET Q q 0 0 0 rg BT 494.47 503.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 503.15 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 491.15 Td (. ) Tj ET Q q 0 0 0 rg BT 75.45 491.15 Td (Based ) Tj ET Q q 0 0 0 rg BT 102.84 491.15 Td (on ) Tj ET Q q 0 0 0 rg BT 115.79 491.15 Td (that ) Tj ET Q q 0 0 0 rg BT 133.73 491.15 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 180.83 491.15 Td (management ) Tj ET Q q 0 0 0 rg BT 234.87 491.15 Td (has ) Tj ET Q q 0 0 0 rg BT 251.15 491.15 Td (concluded ) Tj ET Q q 0 0 0 rg BT 295.19 491.15 Td (that ) Tj ET Q q 0 0 0 rg BT 313.13 491.15 Td (our ) Tj ET Q q 0 0 0 rg BT 329.41 491.15 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 372.91 491.15 Td (controls ) Tj ET Q q 0 0 0 rg BT 408.08 491.15 Td (and ) Tj ET Q q 0 0 0 rg BT 425.46 491.15 Td (procedures ) Tj ET Q q 0 0 0 rg BT 472.28 491.15 Td (are ) Tj ET Q q 0 0 0 rg BT 487.44 491.15 Td (ef) Tj ET Q q 0 0 0 rg BT 495.02 491.15 Td (fective ) Tj ET Q q 0 0 0 rg BT 525.18 491.15 Td (to ) Tj ET Q q 0 0 0 rg BT 535.90 491.15 Td (ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.15 Td (that ) Tj ET Q q 0 0 0 rg BT 68.27 479.15 Td (information ) Tj ET Q q 0 0 0 rg BT 118.75 479.15 Td (required ) Tj ET Q q 0 0 0 rg BT 155.33 479.15 Td (to ) Tj ET Q q 0 0 0 rg BT 166.38 479.15 Td (be ) Tj ET Q q 0 0 0 rg BT 179.09 479.15 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 219.58 479.15 Td (in ) Tj ET Q q 0 0 0 rg BT 230.63 479.15 Td (the ) Tj ET Q q 0 0 0 rg BT 246.12 479.15 Td (reports ) Tj ET Q q 0 0 0 rg BT 277.15 479.15 Td (that ) Tj ET Q q 0 0 0 rg BT 295.42 479.15 Td (we ) Tj ET Q q 0 0 0 rg BT 310.35 479.15 Td (file ) Tj ET Q q 0 0 0 rg BT 326.95 479.15 Td (or ) Tj ET Q q 0 0 0 rg BT 338.55 479.15 Td (submit ) Tj ET Q q 0 0 0 rg BT 369.04 479.15 Td (under ) Tj ET Q q 0 0 0 rg BT 395.08 479.15 Td (the ) Tj ET Q q 0 0 0 rg BT 410.57 479.15 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 452.54 479.15 Td (Act ) Tj ET Q q 0 0 0 rg BT 470.25 479.15 Td (is ) Tj ET Q q 0 0 0 rg BT 480.19 479.15 Td (accurately ) Tj ET Q q 0 0 0 rg BT 524.54 479.15 Td (recorded, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.15 Td (processed, ) Tj ET Q q 0 0 0 rg BT 93.93 467.15 Td (summarized ) Tj ET Q q 0 0 0 rg BT 144.81 467.15 Td (and ) Tj ET Q q 0 0 0 rg BT 161.26 467.15 Td (reported ) Tj ET Q q 0 0 0 rg BT 196.58 467.15 Td (within ) Tj ET Q q 0 0 0 rg BT 224.14 467.15 Td (the ) Tj ET Q q 0 0 0 rg BT 238.36 467.15 Td (time ) Tj ET Q q 0 0 0 rg BT 258.14 467.15 Td (periods ) Tj ET Q q 0 0 0 rg BT 289.59 467.15 Td (specified ) Tj ET Q q 0 0 0 rg BT 327.69 467.15 Td (in ) Tj ET Q q 0 0 0 rg BT 337.47 467.15 Td (the ) Tj ET Q q 0 0 0 rg BT 351.69 467.15 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 377.73 467.15 Td (rules ) Tj ET Q q 0 0 0 rg BT 399.18 467.15 Td (and ) Tj ET Q q 0 0 0 rg BT 415.62 467.15 Td (forms, ) Tj ET Q q 0 0 0 rg BT 443.46 467.15 Td (and ) Tj ET Q q 0 0 0 rg BT 459.90 467.15 Td (to ) Tj ET Q q 0 0 0 rg BT 469.69 467.15 Td (ensure ) Tj ET Q q 0 0 0 rg BT 497.79 467.15 Td (that ) Tj ET Q q 0 0 0 rg BT 514.79 467.15 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.15 Td (is ) Tj ET Q q 0 0 0 rg BT 59.98 455.15 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 113.82 455.15 Td (and ) Tj ET Q q 0 0 0 rg BT 131.56 455.15 Td (communicated ) Tj ET Q q 0 0 0 rg BT 193.74 455.15 Td (to ) Tj ET Q q 0 0 0 rg BT 204.83 455.15 Td (our ) Tj ET Q q 0 0 0 rg BT 221.47 455.15 Td (management, ) Tj ET Q q 0 0 0 rg BT 278.37 455.15 Td (including ) Tj ET Q q 0 0 0 rg BT 319.45 455.15 Td (the ) Tj ET Q q 0 0 0 rg BT 334.98 455.15 Td (Chief ) Tj ET Q q 0 0 0 rg BT 360.50 455.15 Td (Executive ) Tj ET Q q 0 0 0 rg BT 403.79 455.15 Td (Of) Tj ET Q q 0 0 0 rg BT 414.16 455.15 Td (ficer ) Tj ET Q q 0 0 0 rg BT 435.79 455.15 Td (and ) Tj ET Q q 0 0 0 rg BT 453.54 455.15 Td (Chief ) Tj ET Q q 0 0 0 rg BT 479.06 455.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 519.58 455.15 Td (Of) Tj ET Q q 0 0 0 rg BT 529.96 455.15 Td (ficer) Tj ET Q q 0 0 0 rg BT 547.87 455.15 Td (, ) Tj ET Q q 0 0 0 rg BT 553.68 455.15 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.15 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 98.03 443.15 Td (to ) Tj ET Q q 0 0 0 rg BT 108.31 443.15 Td (allow ) Tj ET Q q 0 0 0 rg BT 133.03 443.15 Td (timely ) Tj ET Q q 0 0 0 rg BT 161.08 443.15 Td (decisions ) Tj ET Q q 0 0 0 rg BT 200.80 443.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 241.61 443.15 Td (required ) Tj ET Q q 0 0 0 rg BT 277.43 443.15 Td (disclosure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.15 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.15 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 409.15 Td (s ) Tj ET Q q 0 0 0 rg BT 115.45 409.15 Td (Report ) Tj ET Q q 0 0 0 rg BT 147.94 409.15 Td (on ) Tj ET Q q 0 0 0 rg BT 161.00 409.15 Td (Internal ) Tj ET Q q 0 0 0 rg BT 198.50 409.15 Td (Contr) Tj ET Q q 0 0 0 rg BT 223.87 409.15 Td (ol ) Tj ET Q q 0 0 0 rg BT 234.15 409.15 Td (over) Tj ET Q q 0 0 0 rg BT 252.85 409.15 Td ( ) Tj ET Q q 0 0 0 rg BT 255.35 409.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 297.85 409.15 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 392.15 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 392.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 139.95 392.15 Td (is ) Tj ET Q q 0 0 0 rg BT 148.37 392.15 Td (responsible ) Tj ET Q q 0 0 0 rg BT 195.67 392.15 Td (for ) Tj ET Q q 0 0 0 rg BT 209.08 392.15 Td (establishing ) Tj ET Q q 0 0 0 rg BT 258.60 392.15 Td (and ) Tj ET Q q 0 0 0 rg BT 274.79 392.15 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 324.31 392.15 Td (adequate ) Tj ET Q q 0 0 0 rg BT 361.59 392.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 393.88 392.15 Td (control ) Tj ET Q q 0 0 0 rg BT 423.95 392.15 Td (over ) Tj ET Q q 0 0 0 rg BT 443.47 392.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.20 392.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 518.61 392.15 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.02 392.15 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.15 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 380.15 Td (Rule13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 121.16 380.15 Td (under ) Tj ET Q q 0 0 0 rg BT 146.04 380.15 Td (the ) Tj ET Q q 0 0 0 rg BT 160.38 380.15 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 201.45 380.15 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 223.83 380.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 241.50 380.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 274.16 380.15 Td (control ) Tj ET Q q 0 0 0 rg BT 304.60 380.15 Td (system ) Tj ET Q q 0 0 0 rg BT 334.50 380.15 Td (is ) Tj ET Q q 0 0 0 rg BT 343.29 380.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 380.95 380.15 Td (to ) Tj ET Q q 0 0 0 rg BT 390.84 380.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 423.51 380.15 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 468.38 380.15 Td (assurance ) Tj ET Q q 0 0 0 rg BT 509.36 380.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 549.79 380.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.15 Td (reliability ) Tj ET Q q 0 0 0 rg BT 90.90 368.15 Td (of ) Tj ET Q q 0 0 0 rg BT 101.26 368.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.26 368.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.94 368.15 Td (and ) Tj ET Q q 0 0 0 rg BT 193.41 368.15 Td (the ) Tj ET Q q 0 0 0 rg BT 207.65 368.15 Td (preparation ) Tj ET Q q 0 0 0 rg BT 255.21 368.15 Td (of ) Tj ET Q q 0 0 0 rg BT 265.56 368.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.57 368.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 346.81 368.15 Td (for ) Tj ET Q q 0 0 0 rg BT 360.49 368.15 Td (external ) Tj ET Q q 0 0 0 rg BT 394.72 368.15 Td (purposes ) Tj ET Q q 0 0 0 rg BT 432.30 368.15 Td (in ) Tj ET Q q 0 0 0 rg BT 442.10 368.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 489.09 368.15 Td (with ) Tj ET Q q 0 0 0 rg BT 508.89 368.15 Td (United ) Tj ET Q q 0 0 0 rg BT 538.13 368.15 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.15 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.70 356.15 Td (accepted ) Tj ET Q q 0 0 0 rg BT 127.17 356.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 173.54 356.15 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.15 Td (Management's ) Tj ET Q q 0 0 0 rg BT 147.23 334.15 Td (assessment ) Tj ET Q q 0 0 0 rg BT 195.01 334.15 Td (of ) Tj ET Q q 0 0 0 rg BT 206.68 334.15 Td (and ) Tj ET Q q 0 0 0 rg BT 224.46 334.15 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 271.12 334.15 Td (on ) Tj ET Q q 0 0 0 rg BT 284.46 334.15 Td (the ) Tj ET Q q 0 0 0 rg BT 300.02 334.15 Td (ef) Tj ET Q q 0 0 0 rg BT 307.60 334.15 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 355.37 334.15 Td (of ) Tj ET Q q 0 0 0 rg BT 367.04 334.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 400.92 334.15 Td (control ) Tj ET Q q 0 0 0 rg BT 432.58 334.15 Td (over ) Tj ET Q q 0 0 0 rg BT 453.69 334.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.01 334.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 532.00 334.15 Td (is ) Tj ET Q q 0 0 0 rg BT 542.01 334.15 Td (as ) Tj ET Q q 0 0 0 rg BT 553.68 334.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.90 322.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.90 322.15 Td ( ) Tj ET Q q 0 0 0 rg BT 129.72 322.15 Td (did ) Tj ET Q q 0 0 0 rg BT 144.31 322.15 Td (not ) Tj ET Q q 0 0 0 rg BT 158.91 322.15 Td (include ) Tj ET Q q 0 0 0 rg BT 190.16 322.15 Td (an ) Tj ET Q q 0 0 0 rg BT 201.41 322.15 Td (assessment ) Tj ET Q q 0 0 0 rg BT 247.67 322.15 Td (of ) Tj ET Q q 0 0 0 rg BT 257.81 322.15 Td (the ) Tj ET Q q 0 0 0 rg BT 271.85 322.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 304.20 322.15 Td (controls ) Tj ET Q q 0 0 0 rg BT 338.24 322.15 Td (for ) Tj ET Q q 0 0 0 rg BT 351.71 322.15 Td (our ) Tj ET Q q 0 0 0 rg BT 366.86 322.15 Td (operations ) Tj ET Q q 0 0 0 rg BT 410.33 322.15 Td (in ) Tj ET Q q 0 0 0 rg BT 419.80 322.15 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 445.49 322.15 Td (\(acquired ) Tj ET Q q 0 0 0 rg BT 485.06 322.15 Td (in ) Tj ET Q q 0 0 0 rg BT 494.65 322.15 Td (November ) Tj ET Q q 0 0 0 rg BT 538.68 322.15 Td (2016\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.15 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 310.15 Td (the ) Tj ET Q q 0 0 0 rg BT 80.48 310.15 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 127.93 310.15 Td (JV) Tj ET Q q 0 0 0 rg BT 138.86 310.15 Td ( ) Tj ET Q q 0 0 0 rg BT 140.77 310.15 Td (\(which ) Tj ET Q q 0 0 0 rg BT 170.45 310.15 Td (is ) Tj ET Q q 0 0 0 rg BT 179.03 310.15 Td (being ) Tj ET Q q 0 0 0 rg BT 203.16 310.15 Td (fully ) Tj ET Q q 0 0 0 rg BT 223.96 310.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 276.41 310.15 Td (as ) Tj ET Q q 0 0 0 rg BT 286.65 310.15 Td (of ) Tj ET Q q 0 0 0 rg BT 296.89 310.15 Td (July ) Tj ET Q q 0 0 0 rg BT 315.47 310.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 324.88 310.15 Td (2016\) ) Tj ET Q q 0 0 0 rg BT 350.12 310.15 Td ( ) Tj ET Q q 0 0 0 rg BT 352.03 310.15 Td (for ) Tj ET Q q 0 0 0 rg BT 365.60 310.15 Td (which ) Tj ET Q q 0 0 0 rg BT 391.95 310.15 Td (the ) Tj ET Q q 0 0 0 rg BT 406.08 310.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.97 310.15 Td (information ) Tj ET Q q 0 0 0 rg BT 492.09 310.15 Td (for ) Tj ET Q q 0 0 0 rg BT 505.67 310.15 Td (these ) Tj ET Q q 0 0 0 rg BT 528.12 310.15 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.15 Td (units ) Tj ET Q q 0 0 0 rg BT 72.64 298.15 Td (are ) Tj ET Q q 0 0 0 rg BT 88.04 298.15 Td (included ) Tj ET Q q 0 0 0 rg BT 125.67 298.15 Td (in ) Tj ET Q q 0 0 0 rg BT 136.65 298.15 Td (the ) Tj ET Q q 0 0 0 rg BT 152.06 298.15 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 213.56 298.15 Td (2016 ) Tj ET Q q 0 0 0 rg BT 236.76 298.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 290.50 298.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.67 298.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 374.08 298.15 Td (of ) Tj ET Q q 0 0 0 rg BT 385.60 298.15 Td (Ebix. ) Tj ET Q q 0 0 0 rg BT 409.95 298.15 Td (These ) Tj ET Q q 0 0 0 rg BT 437.02 298.15 Td (business ) Tj ET Q q 0 0 0 rg BT 474.11 298.15 Td (units ) Tj ET Q q 0 0 0 rg BT 496.75 298.15 Td (in ) Tj ET Q q 0 0 0 rg BT 507.73 298.15 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 298.15 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.15 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.39 286.15 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 121.53 286.15 Td (of ) Tj ET Q q 0 0 0 rg BT 132.17 286.15 Td (the ) Tj ET Q q 0 0 0 rg BT 146.70 286.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 193.59 286.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.44 286.15 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 282.90 286.15 Td (and ) Tj ET Q q 0 0 0 rg BT 299.64 286.15 Td (7.8% ) Tj ET Q q 0 0 0 rg BT 322.78 286.15 Td (of ) Tj ET Q q 0 0 0 rg BT 333.42 286.15 Td (the ) Tj ET Q q 0 0 0 rg BT 347.95 286.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 394.84 286.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 447.69 286.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.33 286.15 Td (for ) Tj ET Q q 0 0 0 rg BT 487.30 286.15 Td (2016 ) Tj ET Q q 0 0 0 rg BT 509.61 286.15 Td (In ) Tj ET Q q 0 0 0 rg BT 520.25 286.15 Td (making ) Tj ET Q q 0 0 0 rg BT 552.55 286.15 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.15 Td (assessment ) Tj ET Q q 0 0 0 rg BT 97.15 274.15 Td (of ) Tj ET Q q 0 0 0 rg BT 108.18 274.15 Td (the ) Tj ET Q q 0 0 0 rg BT 123.11 274.15 Td (ef) Tj ET Q q 0 0 0 rg BT 130.70 274.15 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 177.83 274.15 Td (of ) Tj ET Q q 0 0 0 rg BT 188.86 274.15 Td (the ) Tj ET Q q 0 0 0 rg BT 203.79 274.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.38 274.15 Td (controls ) Tj ET Q q 0 0 0 rg BT 280.31 274.15 Td (over ) Tj ET Q q 0 0 0 rg BT 300.78 274.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.47 274.15 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 380.33 274.15 Td (management ) Tj ET Q q 0 0 0 rg BT 434.13 274.15 Td (used ) Tj ET Q q 0 0 0 rg BT 455.17 274.15 Td (the ) Tj ET Q q 0 0 0 rg BT 470.09 274.15 Td (criteria ) Tj ET Q q 0 0 0 rg BT 501.11 274.15 Td (set ) Tj ET Q q 0 0 0 rg BT 514.93 274.15 Td (forth ) Tj ET Q q 0 0 0 rg BT 537.07 274.15 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 274.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 74.95 262.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 124.34 262.15 Td (of ) Tj ET Q q 0 0 0 rg BT 137.62 262.15 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 188.13 262.15 Td (Or) Tj ET Q q 0 0 0 rg BT 198.50 262.15 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 249.00 262.15 Td (of ) Tj ET Q q 0 0 0 rg BT 262.28 262.15 Td (the ) Tj ET Q q 0 0 0 rg BT 279.09 262.15 Td (T) Tj ET Q q 0 0 0 rg BT 284.84 262.15 Td (readway ) Tj ET Q q 0 0 0 rg BT 323.66 262.15 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 381.68 262.15 Td (or ) Tj ET Q q 0 0 0 rg BT 394.96 262.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 419.91 262.15 Td (COSO ) Tj ET Q q 0 0 0 rg BT 451.54 262.15 Td (Internal ) Tj ET Q q 0 0 0 rg BT 487.58 262.15 Td (Control-Integrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.15 Td (Framework. ) Tj ET Q q 0 0 0 rg BT 101.00 250.15 Td (Based ) Tj ET Q q 0 0 0 rg BT 127.85 250.15 Td (on ) Tj ET Q q 0 0 0 rg BT 140.25 250.15 Td (our ) Tj ET Q q 0 0 0 rg BT 155.99 250.15 Td (assessment ) Tj ET Q q 0 0 0 rg BT 202.83 250.15 Td (and ) Tj ET Q q 0 0 0 rg BT 219.67 250.15 Td (those ) Tj ET Q q 0 0 0 rg BT 243.19 250.15 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 276.40 250.15 Td (management ) Tj ET Q q 0 0 0 rg BT 329.90 250.15 Td (believes ) Tj ET Q q 0 0 0 rg BT 365.06 250.15 Td (that ) Tj ET Q q 0 0 0 rg BT 382.46 250.15 Td (we ) Tj ET Q q 0 0 0 rg BT 396.53 250.15 Td (maintained ) Tj ET Q q 0 0 0 rg BT 443.36 250.15 Td (ef) Tj ET Q q 0 0 0 rg BT 450.95 250.15 Td (fective ) Tj ET Q q 0 0 0 rg BT 480.56 250.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.50 250.15 Td (control ) Tj ET Q q 0 0 0 rg BT 544.23 250.15 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 238.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.64 238.15 Td (as ) Tj ET Q q 0 0 0 rg BT 137.47 238.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.30 238.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.88 238.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 238.15 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 216.15 Td (The ) Tj ET Q q 0 0 0 rg BT 117.04 216.15 Td (term ) Tj ET Q q 0 0 0 rg BT 137.86 216.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 175.34 216.15 Td (control ) Tj ET Q q 0 0 0 rg BT 206.16 216.15 Td (over ) Tj ET Q q 0 0 0 rg BT 226.42 216.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 263.90 216.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 307.49 216.15 Td (is ) Tj ET Q q 0 0 0 rg BT 316.65 216.15 Td (defined ) Tj ET Q q 0 0 0 rg BT 349.13 216.15 Td (as ) Tj ET Q q 0 0 0 rg BT 359.96 216.15 Td (a ) Tj ET Q q 0 0 0 rg BT 366.89 216.15 Td (process ) Tj ET Q q 0 0 0 rg BT 399.38 216.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 437.42 216.15 Td (by) Tj ET Q q 0 0 0 rg BT 446.77 216.15 Td (, ) Tj ET Q q 0 0 0 rg BT 451.76 216.15 Td (or ) Tj ET Q q 0 0 0 rg BT 462.59 216.15 Td (under ) Tj ET Q q 0 0 0 rg BT 487.85 216.15 Td (the ) Tj ET Q q 0 0 0 rg BT 502.56 216.15 Td (supervision ) Tj ET Q q 0 0 0 rg BT 551.17 216.15 Td (of, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.15 Td (our ) Tj ET Q q 0 0 0 rg BT 66.55 204.15 Td (principal ) Tj ET Q q 0 0 0 rg BT 105.32 204.15 Td (executive ) Tj ET Q q 0 0 0 rg BT 146.85 204.15 Td (and ) Tj ET Q q 0 0 0 rg BT 164.51 204.15 Td (principal ) Tj ET Q q 0 0 0 rg BT 203.27 204.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.47 204.15 Td (of) Tj ET Q q 0 0 0 rg BT 249.62 204.15 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 277.55 204.15 Td (or ) Tj ET Q q 0 0 0 rg BT 289.10 204.15 Td (persons ) Tj ET Q q 0 0 0 rg BT 322.88 204.15 Td (performing ) Tj ET Q q 0 0 0 rg BT 371.08 204.15 Td (similar ) Tj ET Q q 0 0 0 rg BT 402.08 204.15 Td (functions, ) Tj ET Q q 0 0 0 rg BT 445.02 204.15 Td (and ) Tj ET Q q 0 0 0 rg BT 462.68 204.15 Td (ef) Tj ET Q q 0 0 0 rg BT 470.27 204.15 Td (fected ) Tj ET Q q 0 0 0 rg BT 497.91 204.15 Td (by ) Tj ET Q q 0 0 0 rg BT 511.13 204.15 Td (our ) Tj ET Q q 0 0 0 rg BT 527.68 204.15 Td (board ) Tj ET Q q 0 0 0 rg BT 553.67 204.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.15 Td (directors, ) Tj ET Q q 0 0 0 rg BT 89.47 192.15 Td (audit ) Tj ET Q q 0 0 0 rg BT 111.44 192.15 Td (committee, ) Tj ET Q q 0 0 0 rg BT 158.13 192.15 Td (management ) Tj ET Q q 0 0 0 rg BT 211.20 192.15 Td (and ) Tj ET Q q 0 0 0 rg BT 227.61 192.15 Td (other ) Tj ET Q q 0 0 0 rg BT 250.14 192.15 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 293.50 192.15 Td (to ) Tj ET Q q 0 0 0 rg BT 303.26 192.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 335.78 192.15 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 380.52 192.15 Td (assurance ) Tj ET Q q 0 0 0 rg BT 421.36 192.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 461.66 192.15 Td (the ) Tj ET Q q 0 0 0 rg BT 475.86 192.15 Td (reliability ) Tj ET Q q 0 0 0 rg BT 516.71 192.15 Td (of ) Tj ET Q q 0 0 0 rg BT 527.02 192.15 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 90.10 180.15 Td (and ) Tj ET Q q 0 0 0 rg BT 107.98 180.15 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 180.15 Td (preparation ) Tj ET Q q 0 0 0 rg BT 172.62 180.15 Td (of ) Tj ET Q q 0 0 0 rg BT 184.39 180.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.82 180.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 268.47 180.15 Td (for ) Tj ET Q q 0 0 0 rg BT 283.58 180.15 Td (external ) Tj ET Q q 0 0 0 rg BT 319.22 180.15 Td (purposes ) Tj ET Q q 0 0 0 rg BT 358.22 180.15 Td (in ) Tj ET Q q 0 0 0 rg BT 369.44 180.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 417.84 180.15 Td (with ) Tj ET Q q 0 0 0 rg BT 439.07 180.15 Td (generally ) Tj ET Q q 0 0 0 rg BT 479.71 180.15 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.13 180.15 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.15 Td (principles ) Tj ET Q q 0 0 0 rg BT 91.93 168.15 Td (and ) Tj ET Q q 0 0 0 rg BT 108.87 168.15 Td (includes ) Tj ET Q q 0 0 0 rg BT 144.70 168.15 Td (those ) Tj ET Q q 0 0 0 rg BT 168.31 168.15 Td (policies ) Tj ET Q q 0 0 0 rg BT 201.91 168.15 Td (and ) Tj ET Q q 0 0 0 rg BT 218.85 168.15 Td (procedures ) Tj ET Q q 0 0 0 rg BT 265.21 168.15 Td (that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 156.15 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 156.15 Td (Pertain ) Tj ET Q q 0 0 0 rg BT 115.83 156.15 Td (to ) Tj ET Q q 0 0 0 rg BT 125.12 156.15 Td (the ) Tj ET Q q 0 0 0 rg BT 138.84 156.15 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 190.88 156.15 Td (of ) Tj ET Q q 0 0 0 rg BT 200.72 156.15 Td (records ) Tj ET Q q 0 0 0 rg BT 231.65 156.15 Td (that ) Tj ET Q q 0 0 0 rg BT 248.16 156.15 Td (in ) Tj ET Q q 0 0 0 rg BT 257.44 156.15 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 301.70 156.15 Td (detail ) Tj ET Q q 0 0 0 rg BT 325.42 156.15 Td (accurately ) Tj ET Q q 0 0 0 rg BT 368.01 156.15 Td (and ) Tj ET Q q 0 0 0 rg BT 383.96 156.15 Td (fairly ) Tj ET Q q 0 0 0 rg BT 407.12 156.15 Td (reflect ) Tj ET Q q 0 0 0 rg BT 434.16 156.15 Td (our ) Tj ET Q q 0 0 0 rg BT 449.00 156.15 Td (transactions ) Tj ET Q q 0 0 0 rg BT 498.27 156.15 Td (and ) Tj ET Q q 0 0 0 rg BT 514.22 156.15 Td (dispositions 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ET Q q 0 0 0 rg BT 70.76 544.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.73 544.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 148.37 544.10 Td (was ) Tj ET Q q 0 0 0 rg BT 166.91 544.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 214.33 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.09 544.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.08 544.10 Td (material ) Tj ET Q q 0 0 0 rg BT 273.82 544.10 Td (respects. ) Tj ET Q q 0 0 0 rg BT 311.52 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 330.06 544.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 353.04 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.36 544.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 397.89 544.10 Td (control ) Tj ET Q q 0 0 0 rg BT 429.20 544.10 Td (over ) Tj ET Q q 0 0 0 rg BT 449.96 544.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.93 544.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 527.57 544.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 90.97 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.61 532.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 163.46 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.99 532.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 208.73 532.10 Td (control ) Tj ET Q q 0 0 0 rg BT 240.25 532.10 Td (over ) Tj ET Q q 0 0 0 rg BT 261.22 532.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.40 532.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 341.75 532.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 382.17 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.59 532.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 415.79 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.98 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.62 532.10 Td (material ) Tj ET Q q 0 0 0 rg BT 477.57 532.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 519.09 532.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 547.57 532.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 78.62 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.00 520.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 138.61 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.77 520.10 Td (design ) Tj ET Q q 0 0 0 rg BT 180.83 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.22 520.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 236.94 520.10 Td (ef) Tj ET Q q 0 0 0 rg BT 244.52 520.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 290.90 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.18 520.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 333.67 520.10 Td (control ) Tj ET Q q 0 0 0 rg BT 363.95 520.10 Td (based ) Tj ET Q q 0 0 0 rg BT 388.67 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.62 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.79 520.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 450.62 520.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 470.07 520.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 487.57 520.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 509.52 520.10 Td (also ) Tj ET Q q 0 0 0 rg BT 527.58 520.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 96.72 508.10 Td (such ) Tj ET Q q 0 0 0 rg BT 116.78 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.06 508.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 184.66 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.73 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.12 508.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 253.17 508.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 293.77 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.28 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.23 508.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 377.98 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 386.62 508.10 Td (e ) Tj ET Q q 0 0 0 rg BT 392.79 508.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 423.40 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.12 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.19 508.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 476.92 508.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 513.09 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.26 508.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.50 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.66 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.49 496.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.36 478.10 Td (company's ) Tj ET Q q 0 0 0 rg BT 102.40 478.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 134.63 478.10 Td (control ) Tj ET Q q 0 0 0 rg BT 164.64 478.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.10 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.77 478.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.12 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.48 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.60 478.10 Td (process ) Tj ET Q q 0 0 0 rg BT 305.28 478.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 342.52 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.99 478.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.22 478.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 428.67 478.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.22 478.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.23 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 478.10 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.59 466.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.84 466.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.76 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.46 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.94 466.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.74 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.33 466.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 466.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.05 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.98 466.10 Td (external ) Tj ET Q q 0 0 0 rg BT 367.44 466.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.26 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.30 466.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.53 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 486.57 466.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.04 466.10 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.81 454.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 139.26 454.10 Td (A) Tj ET Q q 0 0 0 rg BT 145.93 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.87 454.10 Td (company's ) Tj ET Q q 0 0 0 rg BT 192.17 454.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 224.65 454.10 Td (control ) Tj ET Q q 0 0 0 rg BT 254.92 454.10 Td (over ) Tj ET Q q 0 0 0 rg BT 274.63 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.55 454.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 350.15 454.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 385.42 454.10 Td (those ) Tj ET Q q 0 0 0 rg BT 408.47 454.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 441.51 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.89 454.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.70 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.64 454.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 534.24 454.10 Td (pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.44 442.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 127.18 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.74 442.10 Td (records ) Tj ET Q q 0 0 0 rg BT 169.38 442.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 189.10 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.10 442.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 244.07 442.10 Td (detail, ) Tj ET Q q 0 0 0 rg BT 271.01 442.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.31 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.97 442.10 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.84 442.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.59 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.03 442.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.02 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.68 442.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 513.68 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 442.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.17 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.23 430.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 118.51 430.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 133.01 430.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 166.40 430.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 212.00 430.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 253.71 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.55 430.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 322.16 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.21 430.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 375.03 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.20 430.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 427.91 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.53 430.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 467.48 430.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 515.85 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.03 430.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.08 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 418.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.54 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 174.18 418.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.25 418.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 252.08 418.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.82 418.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 343.62 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.92 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.78 418.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 412.74 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.04 418.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.00 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.19 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.27 418.10 Td (company ) Tj ET Q q 0 0 0 rg BT 549.79 418.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (being ) Tj ET Q q 0 0 0 rg BT 75.45 406.10 Td (made ) Tj ET Q q 0 0 0 rg BT 100.34 406.10 Td (only ) Tj ET Q q 0 0 0 rg BT 121.35 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.36 406.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 180.56 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.57 406.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 261.46 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.02 406.10 Td (management ) Tj ET Q q 0 0 0 rg BT 327.34 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.01 406.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 383.23 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.80 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 406.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 452.92 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.59 406.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 485.48 406.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.26 406.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.70 394.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 132.85 394.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 178.45 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.61 394.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 218.00 394.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 257.48 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.64 394.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 323.68 394.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 372.89 394.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 391.56 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.72 394.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 449.45 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.61 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.67 394.10 Td (company's ) Tj ET Q q 0 0 0 rg BT 520.85 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.01 394.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 382.10 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 382.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.88 382.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 163.36 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.86 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.58 382.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.06 382.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 87.24 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.49 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.85 364.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 149.54 364.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 198.74 364.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 233.20 364.10 Td (control ) Tj ET Q q 0 0 0 rg BT 265.45 364.10 Td (over ) Tj ET Q q 0 0 0 rg BT 287.13 364.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.04 364.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 366.61 364.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.75 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 404.45 364.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 438.35 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.60 364.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 478.40 364.10 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 540.61 364.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 96.31 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.52 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.84 352.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.37 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.58 352.10 Td (ef) Tj ET Q q 0 0 0 rg BT 184.17 352.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.47 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 352.10 Td (future ) Tj ET Q q 0 0 0 rg BT 265.89 352.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.21 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.29 352.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.50 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.16 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.25 352.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.13 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.01 352.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.11 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 452.20 352.10 Td (become ) Tj ET Q q 0 0 0 rg BT 485.18 352.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.37 352.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 340.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.54 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.82 340.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 152.48 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.31 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.81 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.52 340.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.67 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.50 340.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 284.09 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.37 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 340.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.69 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.52 340.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.88 340.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.60 340.10 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.29 322.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 102.12 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.07 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.47 322.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 186.95 322.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 247.03 322.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 276.42 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.60 322.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 321.87 322.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 354.60 322.10 Td (over ) Tj ET Q q 0 0 0 rg BT 374.54 322.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 413.93 322.10 Td (Reporting, ) Tj ET Q q 0 0 0 rg BT 458.61 322.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 517.56 322.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.55 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 79.21 310.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 125.76 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 138.98 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.42 310.10 Td (ef) Tj ET Q q 0 0 0 rg BT 162.01 310.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 209.66 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.21 310.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 254.98 310.10 Td (control ) Tj ET Q q 0 0 0 rg BT 286.52 310.10 Td (over ) Tj ET Q q 0 0 0 rg BT 307.51 310.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.72 310.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 385.60 310.10 Td (did ) Tj ET Q q 0 0 0 rg BT 401.60 310.10 Td (not ) Tj ET Q q 0 0 0 rg BT 417.60 310.10 Td (include ) Tj ET Q q 0 0 0 rg BT 450.25 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.69 310.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 499.46 310.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 534.90 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 310.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.76 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.50 298.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 129.49 298.10 Td (\(acquired ) Tj ET Q q 0 0 0 rg BT 169.35 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.24 298.10 Td (November ) Tj ET Q q 0 0 0 rg BT 223.55 298.10 Td (2016\) ) Tj ET Q q 0 0 0 rg BT 248.99 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.54 298.10 Td (EbixHealth ) Tj ET Q q 0 0 0 rg BT 313.19 298.10 Td (JV) Tj ET Q q 0 0 0 rg BT 324.13 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.23 298.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 356.11 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.89 298.10 Td (being ) Tj ET Q q 0 0 0 rg BT 389.22 298.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 410.21 298.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 462.87 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.30 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.74 298.10 Td (July ) Tj ET Q q 0 0 0 rg BT 502.52 298.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 512.13 298.10 Td (2016\) ) Tj ET Q q 0 0 0 rg BT 537.57 298.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.66 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 99.55 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.78 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.45 286.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.91 286.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 195.90 286.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.34 286.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 276.00 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.79 286.10 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 308.63 286.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 325.35 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.24 286.10 Td (which ) Tj ET Q q 0 0 0 rg BT 367.14 286.10 Td (constituted ) Tj ET Q q 0 0 0 rg BT 412.47 286.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 471.68 286.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 493.97 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.75 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 286.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.73 274.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 140.46 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.31 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.71 274.10 Td (year ) Tj ET Q q 0 0 0 rg BT 188.11 274.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 214.17 274.10 Td (December ) Tj ET Q q 0 0 0 rg BT 257.45 274.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 272.14 274.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 294.32 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.95 274.10 Td (7.8% ) Tj ET Q q 0 0 0 rg BT 333.97 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.49 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.90 274.10 Td (Company) Tj ET Q q 0 0 0 rg BT 400.56 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 406.64 274.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 459.37 274.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 484.89 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.41 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.93 274.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 75.73 262.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.52 262.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 117.74 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.31 262.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 163.08 262.10 Td (control ) Tj ET Q q 0 0 0 rg BT 194.64 262.10 Td (over ) Tj ET Q q 0 0 0 rg BT 215.64 262.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 253.85 262.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 293.74 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.30 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.75 262.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.87 262.10 Td (also ) Tj ET Q q 0 0 0 rg BT 382.21 262.10 Td (did ) Tj ET Q q 0 0 0 rg BT 398.22 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 414.23 262.10 Td (include ) Tj ET Q q 0 0 0 rg BT 446.90 262.10 Td (an ) Tj ET Q q 0 0 0 rg BT 459.57 262.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 504.45 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.02 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 262.10 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (control ) Tj ET Q q 0 0 0 rg BT 80.38 250.10 Td (over ) Tj ET Q q 0 0 0 rg BT 100.20 250.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.23 250.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 175.94 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.66 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.93 250.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 247.63 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.47 250.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 278.41 250.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 301.11 250.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 340.09 250.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 361.03 250.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 395.56 250.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 416.50 250.10 Td (New ) Tj ET Q q 0 0 0 rg BT 437.44 250.10 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 474.05 250.10 Td (Wdev ) Tj ET Q q 0 0 0 rg BT 499.98 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.47 250.10 Td (EbixHealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (JV) Tj ET Q q 0 0 0 rg BT 59.82 238.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.70 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 80.40 220.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 117.83 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.41 220.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 177.67 220.10 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 228.97 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.12 220.10 Td (all ) Tj ET Q q 0 0 0 rg BT 255.48 220.10 Td (material ) Tj ET Q q 0 0 0 rg BT 292.61 220.10 Td (respects, ) Tj ET Q q 0 0 0 rg BT 331.69 220.10 Td (ef) Tj ET Q q 0 0 0 rg BT 339.28 220.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 370.85 220.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 405.76 220.10 Td (control ) Tj ET Q q 0 0 0 rg BT 438.46 220.10 Td (over ) Tj ET Q q 0 0 0 rg BT 460.60 220.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 499.95 220.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 540.97 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.88 208.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 134.17 208.10 Td (based ) Tj ET Q q 0 0 0 rg BT 159.73 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 172.52 208.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 203.62 208.10 Td (established ) Tj ET Q q 0 0 0 rg BT 250.85 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.42 208.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 295.30 208.10 Td (Control-Integrated ) Tj ET Q q 0 0 0 rg BT 372.52 208.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 421.41 208.10 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 450.86 208.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 478.65 208.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.44 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.45 208.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 553.68 208.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 98.06 196.10 Td (Or) Tj ET Q q 0 0 0 rg BT 108.43 196.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 156.47 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.30 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.84 196.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.60 196.10 Td (readway ) Tj ET Q q 0 0 0 rg BT 223.96 196.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 277.03 196.10 Td (\(COSO\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 178.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.52 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.85 178.10 Td (also ) Tj ET Q q 0 0 0 rg BT 105.40 178.10 Td (audited, ) Tj ET Q q 0 0 0 rg BT 139.79 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.01 178.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 197.42 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.65 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.31 178.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 272.53 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.31 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.97 178.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 325.97 178.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.77 178.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 415.87 178.10 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 457.76 178.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 484.64 178.10 Td (\(United ) Tj ET Q q 0 0 0 rg BT 517.64 178.10 Td (States\), ) Tj ET Q q 0 0 0 rg BT 549.80 178.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.94 166.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 135.86 166.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 162.69 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.53 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.14 166.10 Td (related ) Tj ET Q q 0 0 0 rg BT 223.73 166.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 276.67 166.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 321.28 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.00 166.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 366.33 166.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 429.25 166.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 463.58 166.10 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 518.32 166.10 Td (equity) Tj ET Q q 0 0 0 rg BT 542.67 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.56 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 154.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.99 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.54 154.10 Td (Company) Tj ET Q q 0 0 0 rg BT 158.77 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.77 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.71 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.54 154.10 Td (report ) Tj ET Q q 0 0 0 rg BT 222.92 154.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 247.08 154.10 Td (March ) Tj ET Q q 0 0 0 rg BT 275.67 154.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 285.67 154.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 308.17 154.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 350.10 154.10 Td (an ) Tj ET Q q 0 0 0 rg BT 362.04 154.10 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 410.08 154.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (Cherry ) Tj ET Q q 0 0 0 rg BT 80.27 110.10 Td (Bekaert ) Tj ET Q q 0 0 0 rg BT 113.86 110.10 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Atlanta, Geor) Tj ET Q q 0 0 0 rg BT 104.24 88.10 Td (gia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (March1, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 89.17 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.01 742.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 137.51 742.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 162.89 742.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 173.16 742.25 Td (over) Tj ET Q q 0 0 0 rg BT 191.86 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.36 742.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.87 742.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 720.25 Td (There ) Tj ET Q q 0 0 0 rg BT 125.31 720.25 Td (have ) Tj ET Q q 0 0 0 rg BT 147.19 720.25 Td (been ) Tj ET Q q 0 0 0 rg BT 169.06 720.25 Td (no ) Tj ET Q q 0 0 0 rg BT 182.06 720.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 217.26 720.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.04 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 720.25 Td (Company) Tj ET Q q 0 0 0 rg BT 284.92 720.25 Td (s ) Tj ET Q q 0 0 0 rg BT 291.80 720.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 325.34 720.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 360.56 720.25 Td (over ) Tj ET Q q 0 0 0 rg BT 381.32 720.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.30 720.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 458.95 720.25 Td (during ) Tj ET Q q 0 0 0 rg BT 488.06 720.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.27 720.25 Td (last ) Tj ET Q q 0 0 0 rg BT 520.16 720.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 544.81 720.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.80 708.25 Td (have ) Tj ET Q q 0 0 0 rg BT 87.48 708.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 129.81 708.25 Td (af) Tj ET Q q 0 0 0 rg BT 137.40 708.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 166.13 708.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.26 708.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.27 708.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 235.39 708.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 259.96 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.54 708.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 311.88 708.25 Td (af) Tj ET Q q 0 0 0 rg BT 319.47 708.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 338.75 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.77 708.25 Td (Company) Tj ET Q q 0 0 0 rg BT 394.44 708.25 Td (s ) Tj ET Q q 0 0 0 rg BT 400.13 708.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 432.48 708.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 466.49 708.25 Td (over ) Tj ET Q q 0 0 0 rg BT 486.06 708.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.85 708.25 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (Item9B. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 175.92 672.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 650.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 626.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 626.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 626.25 Td (III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (Item10. DIRECT) Tj ET Q q 0 0 0 rg BT 126.21 590.25 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 266.24 590.25 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 340.21 590.25 Td (TE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 566.25 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 139.19 566.25 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 566.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.58 566.25 Td (from ) Tj ET Q q 0 0 0 rg BT 212.12 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 566.25 Td (information ) Tj ET Q q 0 0 0 rg BT 275.76 566.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 566.25 Td (our ) Tj ET Q q 0 0 0 rg BT 301.08 566.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 341.50 566.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 366.94 566.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.36 566.25 Td (for ) Tj ET Q q 0 0 0 rg BT 421.13 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.45 566.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.21 566.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 498.52 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 566.25 Td (stockholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 554.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 554.25 Td (will ) Tj ET Q q 0 0 0 rg BT 109.16 554.25 Td (file ) Tj ET Q q 0 0 0 rg BT 124.98 554.25 Td (within ) Tj ET Q q 0 0 0 rg BT 153.04 554.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 170.54 554.25 Td (days ) Tj ET Q q 0 0 0 rg BT 191.37 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.20 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 554.25 Td (end ) Tj ET Q q 0 0 0 rg BT 233.85 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.68 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 554.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.55 554.25 Td (year ) Tj ET Q q 0 0 0 rg BT 303.26 554.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.54 554.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.48 554.25 Td (this ) Tj ET Q q 0 0 0 rg BT 357.43 554.25 Td (report ) Tj ET Q q 0 0 0 rg BT 383.80 554.25 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 530.25 Td (1. EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 205.38 530.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.00 496.25 Td (EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 352.44 496.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 472.25 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 139.19 472.25 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 472.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.58 472.25 Td (from ) Tj ET Q q 0 0 0 rg BT 212.12 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 472.25 Td (information ) Tj ET Q q 0 0 0 rg BT 275.76 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 472.25 Td (our ) Tj ET Q q 0 0 0 rg BT 301.08 472.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 341.50 472.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 366.94 472.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.36 472.25 Td (for ) Tj ET Q q 0 0 0 rg BT 421.13 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.45 472.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.21 472.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 498.52 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 472.25 Td (stockholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 460.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 460.25 Td (will ) Tj ET Q q 0 0 0 rg BT 109.16 460.25 Td (file ) Tj ET Q q 0 0 0 rg BT 124.98 460.25 Td (within ) Tj ET Q q 0 0 0 rg BT 153.04 460.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 170.54 460.25 Td (days ) Tj ET Q q 0 0 0 rg BT 191.37 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.20 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 460.25 Td (end ) Tj ET Q q 0 0 0 rg BT 233.85 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.68 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 460.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.55 460.25 Td (year ) Tj ET Q q 0 0 0 rg BT 303.26 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.54 460.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.48 460.25 Td (this ) Tj ET Q q 0 0 0 rg BT 357.43 460.25 Td (report ) Tj ET Q q 0 0 0 rg BT 383.80 460.25 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (Item12. SECURITY) Tj ET Q q 0 0 0 rg BT 138.80 424.25 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 202.98 424.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 218.99 424.25 Td ( CER) Tj ET Q q 0 0 0 rg BT 242.26 424.25 Td (T) Tj ET Q q 0 0 0 rg BT 248.18 424.25 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 330.70 424.25 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 379.60 424.25 Td (AND MANAGEMENT) Tj ET Q q 0 0 0 rg BT 479.14 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.09 424.25 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 532.29 424.25 Td (TED ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (ST) Tj ET Q q 0 0 0 rg BT 62.05 412.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 146.59 412.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 388.25 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 139.19 388.25 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 388.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.58 388.25 Td (from ) Tj ET Q q 0 0 0 rg BT 212.12 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 388.25 Td (information ) Tj ET Q q 0 0 0 rg BT 275.76 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 388.25 Td (our ) Tj ET Q q 0 0 0 rg BT 301.08 388.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 341.50 388.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 366.94 388.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.36 388.25 Td (for ) Tj ET Q q 0 0 0 rg BT 421.13 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.45 388.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.21 388.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 498.52 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 388.25 Td (stockholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 376.25 Td (will ) Tj ET Q q 0 0 0 rg BT 109.16 376.25 Td (file ) Tj ET Q q 0 0 0 rg BT 124.98 376.25 Td (within ) Tj ET Q q 0 0 0 rg BT 153.04 376.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 170.54 376.25 Td (days ) Tj ET Q q 0 0 0 rg BT 191.37 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.20 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 376.25 Td (end ) Tj ET Q q 0 0 0 rg BT 233.85 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.68 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 376.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.55 376.25 Td (year ) Tj ET Q q 0 0 0 rg BT 303.26 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.54 376.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.48 376.25 Td (this ) Tj ET Q q 0 0 0 rg BT 357.43 376.25 Td (report ) Tj ET Q q 0 0 0 rg BT 383.80 376.25 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.65 Td (Item13. CER) Tj ET Q q 0 0 0 rg BT 108.25 324.65 Td (T) Tj ET Q q 0 0 0 rg BT 114.18 324.65 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 162.06 324.65 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 218.47 324.65 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 269.67 324.65 Td (TED ) Tj ET Q q 0 0 0 rg BT 292.55 324.65 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 376.46 324.65 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 439.35 324.65 Td (OR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 309.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 297.05 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 139.19 297.05 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 297.05 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.58 297.05 Td (from ) Tj ET Q q 0 0 0 rg BT 212.12 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 297.05 Td (information ) Tj ET Q q 0 0 0 rg BT 275.76 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 297.05 Td (our ) Tj ET Q q 0 0 0 rg BT 301.08 297.05 Td (definitive ) Tj ET Q q 0 0 0 rg BT 341.50 297.05 Td (proxy ) Tj ET Q q 0 0 0 rg BT 366.94 297.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.36 297.05 Td (for ) Tj ET Q q 0 0 0 rg BT 421.13 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.45 297.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.21 297.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 498.52 297.05 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 297.05 Td (stockholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 285.05 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 285.05 Td (will ) Tj ET Q q 0 0 0 rg BT 109.16 285.05 Td (file ) Tj ET Q q 0 0 0 rg BT 124.98 285.05 Td (within ) Tj ET Q q 0 0 0 rg BT 153.04 285.05 Td (120 ) Tj ET Q q 0 0 0 rg BT 170.54 285.05 Td (days ) Tj ET Q q 0 0 0 rg BT 191.37 285.05 Td (of ) Tj ET Q q 0 0 0 rg BT 202.20 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 285.05 Td (end ) Tj ET Q q 0 0 0 rg BT 233.85 285.05 Td (of ) Tj ET Q q 0 0 0 rg BT 244.68 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 285.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.55 285.05 Td (year ) Tj ET Q q 0 0 0 rg BT 303.26 285.05 Td (to ) Tj ET Q q 0 0 0 rg BT 313.54 285.05 Td (which ) Tj ET Q q 0 0 0 rg BT 340.48 285.05 Td (this ) Tj ET Q q 0 0 0 rg BT 357.43 285.05 Td (report ) Tj ET Q q 0 0 0 rg BT 383.80 285.05 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (Item14. PRINCIP) Tj ET Q q 0 0 0 rg BT 128.41 249.05 Td (AL) Tj ET Q q 0 0 0 rg BT 141.75 249.05 Td ( ) Tj ET Q q 0 0 0 rg BT 143.70 249.05 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 193.52 249.05 Td (ANT) Tj ET Q q 0 0 0 rg BT 214.45 249.05 Td ( FEES ) Tj ET Q q 0 0 0 rg BT 243.91 249.05 Td (AND SER) Tj ET Q q 0 0 0 rg BT 287.17 249.05 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 225.05 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 139.19 225.05 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 225.05 Td (reference ) Tj ET Q q 0 0 0 rg BT 190.58 225.05 Td (from ) Tj ET Q q 0 0 0 rg BT 212.12 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 226.44 225.05 Td (information ) Tj ET Q q 0 0 0 rg BT 275.76 225.05 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 225.05 Td (our ) Tj ET Q q 0 0 0 rg BT 301.08 225.05 Td (definitive ) Tj ET Q q 0 0 0 rg BT 341.50 225.05 Td (proxy ) Tj ET Q q 0 0 0 rg BT 366.94 225.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 407.36 225.05 Td (for ) Tj ET Q q 0 0 0 rg BT 421.13 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.45 225.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 464.21 225.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 498.52 225.05 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 225.05 Td (stockholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 213.05 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 213.05 Td (will ) Tj ET Q q 0 0 0 rg BT 109.16 213.05 Td (file ) Tj ET Q q 0 0 0 rg BT 124.98 213.05 Td (within ) Tj ET Q q 0 0 0 rg BT 153.04 213.05 Td (120 ) Tj ET Q q 0 0 0 rg BT 170.54 213.05 Td (days ) Tj ET Q q 0 0 0 rg BT 191.37 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 202.20 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 216.91 213.05 Td (end ) Tj ET Q q 0 0 0 rg BT 233.85 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 244.68 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 213.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.55 213.05 Td (year ) Tj ET Q q 0 0 0 rg BT 303.26 213.05 Td (to ) Tj ET Q q 0 0 0 rg BT 313.54 213.05 Td (which ) Tj ET Q q 0 0 0 rg BT 340.48 213.05 Td (this ) Tj ET Q q 0 0 0 rg BT 357.43 213.05 Td (report ) Tj ET Q q 0 0 0 rg BT 383.80 213.05 Td (relates.) Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 742.25 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item15. EXHIBITS, FINANCIAL) Tj ET Q q 0 0 0 rg BT 196.96 718.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 210.95 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 217.43 718.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 260.59 718.25 Td ( SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 696.25 Td (\(a\)1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.60 696.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 163.98 696.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 674.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.15 674.25 Td (following ) Tj ET Q q 0 0 0 rg BT 182.64 674.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.78 674.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.37 674.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 318.18 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.22 674.25 Td (supplementary ) Tj ET Q q 0 0 0 rg BT 396.70 674.25 Td (data ) Tj ET Q q 0 0 0 rg BT 415.95 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.89 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.71 674.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 483.20 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.24 674.25 Td (its ) Tj ET Q q 0 0 0 rg BT 512.29 674.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 662.25 Td (by ) Tj ET Q q 0 0 0 rg BT 98.32 662.25 Td (PartII, ) Tj ET Q q 0 0 0 rg BT 128.58 662.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 156.91 662.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.62 662.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 192.44 662.25 Td (herewith:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 644.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 644.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 115.72 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.55 644.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 178.47 644.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 223.73 644.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 251.24 644.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 300.39 644.25 Td (Firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 626.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 626.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 141.27 626.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 175.98 626.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 204.58 626.25 Td (as ) Tj ET Q q 0 0 0 rg BT 215.41 626.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.24 626.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 284.83 626.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.83 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.33 626.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.27 626.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 382.85 626.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.85 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.35 626.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 608.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 608.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 142.20 608.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.50 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 608.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 234.66 608.25 Td (for ) Tj ET Q q 0 0 0 rg BT 249.75 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.38 608.25 Td (years ) Tj ET Q q 0 0 0 rg BT 289.91 608.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.21 608.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 376.71 608.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.71 608.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.64 608.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 462.14 608.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.14 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.07 608.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 608.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 596.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 596.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 578.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 578.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 141.68 578.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 188.47 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.71 578.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 265.39 578.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 298.28 578.25 Td (for ) Tj ET Q q 0 0 0 rg BT 312.85 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.98 578.25 Td (years ) Tj ET Q q 0 0 0 rg BT 351.98 578.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.77 578.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.76 578.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.76 578.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.17 578.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 522.17 578.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.17 578.25 Td (, ) Tj ET Q q 0 0 0 rg BT 547.57 578.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 566.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.58 566.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 566.25 Td (.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 663.42 Td (\(Registrant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 653.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 639.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 639.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 639.32 Td (/s/ ROBIN RAINA ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 625.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 625.32 Td (Robin Raina) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 601.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.00 611.31 Td (Chairman of the Boar) Tj ET Q q 0 0 0 rg BT 418.69 611.31 Td (d, Pr) Tj ET Q q 0 0 0 rg BT 438.31 611.31 Td (esident and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.00 601.31 Td (Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.85 601.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 577.42 Td (Principal Executive Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 551.25 Td (March1, ) Tj ET Q q 0 0 0 rg BT 112.75 551.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.75 551.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 529.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 135.54 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.86 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.62 529.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 212.37 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.24 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.00 529.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 276.97 529.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 317.60 529.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 333.58 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.45 529.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 367.49 529.25 Td (this ) Tj ET Q q 0 0 0 rg BT 383.48 529.25 Td (report ) Tj ET Q q 0 0 0 rg BT 408.90 529.25 Td (has ) Tj ET Q q 0 0 0 rg BT 423.77 529.25 Td (been ) Tj ET Q q 0 0 0 rg BT 444.19 529.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 471.84 529.25 Td (below ) Tj ET Q q 0 0 0 rg BT 497.82 529.25 Td (by ) Tj ET Q q 0 0 0 rg BT 509.36 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 529.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 83.05 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 95.55 517.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 123.04 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.87 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.58 517.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 188.85 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.79 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.06 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.78 517.25 Td (capacities ) Tj ET Q q 0 0 0 rg BT 272.70 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.64 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.14 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.86 517.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 339.90 517.25 Td (indicated.) 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BENZ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 378.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 380.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 378.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 380.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 380.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.32 Td (\(Hans U. Benz\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 366.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 366.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 366.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.27 Td (/s/ P) Tj ET Q q 0 0 0 rg BT 69.59 343.27 Td (A) Tj ET Q q 0 0 0 rg BT 75.52 343.27 Td (V) Tj ET Q q 0 0 0 rg BT 81.46 343.27 Td (AN BHALLA) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 339.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 339.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 341.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 327.32 Td (\(Pavan Bhalla\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 327.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 327.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 327.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.27 Td (/s/ NEIL) Tj ET Q q 0 0 0 rg BT 87.35 304.27 Td ( D. ECKER) Tj ET Q q 0 0 0 rg BT 134.25 304.27 Td (T) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 300.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 300.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 302.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.32 Td (\(Neil D. Eckert\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 288.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 288.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 288.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 263.42 Td (/s/ ROLF HERTER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 263.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 261.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 263.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 263.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.32 Td (\(Rolf Herter\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 249.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 249.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 249.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 225.27 Td (/s/ HANS UELI KELLER) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 221.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 221.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 223.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 208.42 Td (\(Hans Ueli Keller\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 184.27 Td (/s/ GEORGE ) Tj ET Q q 0 0 0 rg BT 107.82 184.27 Td (W) Tj ET Q q 0 0 0 rg BT 116.34 184.27 Td (. HEBARD III) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 180.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 182.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 180.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 182.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 182.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.42 Td (\(George W. Hebard III\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 143.27 Td (/s/ JOSEPH R. ) Tj ET Q q 0 0 0 rg BT 114.50 143.27 Td (WRIGHT) Tj ET Q q 0 0 0 rg BT 153.75 143.27 Td (, JR.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 53.00 139.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 141.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 139.87 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 141.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 141.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.42 Td (\(Joseph R. Wright, Jr.\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.30 742.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 742.25 Td ( INDEX) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 705.75 64.00 -36.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 705.75 408.00 -36.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 644.75 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 644.75 408.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 573.75 64.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 573.75 408.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 510.75 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 510.75 408.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 440.75 64.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 440.75 408.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 330.75 64.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 330.75 408.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 210.75 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 210.75 408.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 121.75 64.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 121.75 408.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 71.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 71.75 408.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 83.2 708.86259765625 m 118.7712890625 708.86259765625 l s q 0 0 0 rg BT 83.20 710.43 Td (Exhibits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.75 696.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 694.42 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 180.68 694.42 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 694.42 Td (Incorporation, ) Tj ET Q q 0 0 0 rg BT 250.90 694.42 Td (as ) Tj ET Q q 0 0 0 rg BT 261.71 694.42 Td (amended, ) Tj ET Q q 0 0 0 rg BT 302.79 694.42 Td (of ) Tj ET Q q 0 0 0 rg BT 313.60 694.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 337.47 694.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 355.22 694.42 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 379.36 694.42 Td (as ) Tj ET Q q 0 0 0 rg BT 390.17 694.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 422.10 694.42 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 437.08 694.42 Td (to ) Tj ET Q q 0 0 0 rg BT 447.35 694.42 Td (the ) Tj ET Q q 0 0 0 rg BT 462.04 694.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 508.84 694.42 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 684.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 167.38 684.42 Td (on ) Tj ET Q q 0 0 0 rg BT 181.54 684.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.37 684.42 Td (10-K ) Tj ET Q q 0 0 0 rg BT 232.08 684.42 Td (for ) Tj ET Q q 0 0 0 rg BT 247.90 684.42 Td (the ) Tj ET Q q 0 0 0 rg BT 264.28 684.42 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 290.09 684.42 Td (year ) Tj ET Q q 0 0 0 rg BT 311.46 684.42 Td (ended ) Tj ET Q q 0 0 0 rg BT 339.50 684.42 Td (December ) Tj ET Q q 0 0 0 rg BT 384.74 684.42 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.40 684.42 Td (2009 ) Tj ET Q q 0 0 0 rg BT 425.56 684.42 Td (and ) Tj ET Q q 0 0 0 rg BT 444.16 684.42 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 498.85 684.42 Td (herein ) Tj ET Q q 0 0 0 rg BT 528.00 684.42 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 674.42 Td (reference\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.75 660.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 659.42 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 168.58 659.42 Td (of ) Tj ET Q q 0 0 0 rg BT 179.49 659.42 Td (the ) Tj ET Q q 0 0 0 rg BT 194.29 659.42 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.76 659.42 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 260.00 659.42 Td (as ) Tj ET Q q 0 0 0 rg BT 270.91 659.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 302.94 659.42 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 318.02 659.42 Td (to ) Tj ET Q q 0 0 0 rg BT 328.38 659.42 Td (the ) Tj ET Q q 0 0 0 rg BT 343.18 659.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 390.05 659.42 Td (Annual ) Tj ET Q q 0 0 0 rg BT 421.79 659.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 451.59 659.42 Td (on ) Tj ET Q q 0 0 0 rg BT 464.17 659.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 488.42 659.42 Td (10-K ) Tj ET Q q 0 0 0 rg BT 511.56 659.42 Td (for ) Tj ET Q q 0 0 0 rg BT 525.80 659.42 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 649.42 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 160.16 649.42 Td (year ) Tj ET Q q 0 0 0 rg BT 179.86 649.42 Td (ended ) Tj ET Q q 0 0 0 rg BT 206.24 649.42 Td (December ) Tj ET Q q 0 0 0 rg BT 249.82 649.42 Td (31, ) Tj ET Q q 0 0 0 rg BT 264.82 649.42 Td (2000 ) Tj ET Q q 0 0 0 rg BT 287.32 649.42 Td (and ) Tj ET Q q 0 0 0 rg BT 304.26 649.42 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 357.29 649.42 Td (herein ) Tj ET Q q 0 0 0 rg BT 384.78 649.42 Td (by ) Tj ET Q q 0 0 0 rg BT 397.28 649.42 Td (reference\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.75 635.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 634.42 Td (Amended ) Tj ET Q q 0 0 0 rg BT 177.08 634.42 Td (and ) Tj ET Q q 0 0 0 rg BT 193.71 634.42 Td (Restated ) Tj ET Q q 0 0 0 rg BT 230.35 634.42 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 262.54 634.42 Td (of ) Tj ET Q q 0 0 0 rg BT 273.07 634.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 296.66 634.42 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 316.63 634.42 Td (ef) Tj ET Q q 0 0 0 rg BT 324.30 634.42 Td (fective ) Tj ET Q q 0 0 0 rg BT 353.61 634.42 Td (immediately ) Tj ET Q q 0 0 0 rg BT 405.80 634.42 Td (following ) Tj ET Q q 0 0 0 rg BT 446.88 634.42 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 634.42 Td (Company) Tj ET Q q 0 0 0 rg BT 503.24 634.42 Td (s ) Tj ET Q q 0 0 0 rg BT 508.85 634.42 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 624.42 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 172.60 624.42 Td (of ) Tj ET Q q 0 0 0 rg BT 184.20 624.42 Td (Stockholders, ) Tj ET Q q 0 0 0 rg BT 242.18 624.42 Td (held ) Tj ET Q q 0 0 0 rg BT 262.67 624.42 Td (on ) Tj ET Q q 0 0 0 rg BT 275.94 624.42 Td (January ) Tj ET Q q 0 0 0 rg BT 310.31 624.42 Td (9, ) Tj ET Q q 0 0 0 rg BT 321.08 624.42 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.35 624.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 401.48 624.42 Td (by ) Tj ET Q q 0 0 0 rg BT 414.75 624.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 455.21 624.42 Td (to ) Tj ET Q q 0 0 0 rg BT 466.26 624.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 498.97 624.42 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 514.74 624.42 Td (to ) Tj ET Q q 0 0 0 rg BT 525.79 624.42 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 614.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 183.08 614.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 216.13 614.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 245.84 614.42 Td (on ) Tj ET Q q 0 0 0 rg BT 258.34 614.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 282.51 614.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 300.57 614.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 324.72 614.42 Td (December ) Tj ET Q q 0 0 0 rg BT 368.30 614.42 Td (24, ) Tj ET Q q 0 0 0 rg BT 383.30 614.42 Td (2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.25 600.32 Td (10.1**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 598.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 160.30 598.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 178.49 598.42 Td (1996 ) Tj ET Q q 0 0 0 rg BT 201.41 598.42 Td (Stock ) Tj ET Q q 0 0 0 rg BT 227.10 598.42 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 267.22 598.42 Td (Plan ) Tj ET Q q 0 0 0 rg BT 287.92 598.42 Td (as ) Tj ET Q q 0 0 0 rg BT 299.17 598.42 Td (amended ) Tj ET Q q 0 0 0 rg BT 338.18 598.42 Td (by ) Tj ET Q q 0 0 0 rg BT 351.10 598.42 Td (the ) Tj ET Q q 0 0 0 rg BT 366.23 598.42 Td (first, ) Tj ET Q q 0 0 0 rg BT 387.76 598.42 Td (second, ) Tj ET Q q 0 0 0 rg BT 420.94 598.42 Td (third ) Tj ET Q q 0 0 0 rg BT 442.75 598.42 Td (and ) Tj ET Q q 0 0 0 rg BT 460.10 598.42 Td (fourth ) Tj ET Q q 0 0 0 rg BT 487.46 598.42 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 588.42 Td (thereto ) Tj ET Q q 0 0 0 rg BT 166.67 588.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 223.43 588.42 Td (by ) Tj ET Q q 0 0 0 rg BT 236.34 588.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 276.43 588.42 Td (to ) Tj ET Q q 0 0 0 rg BT 287.11 588.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 319.46 588.42 Td (10.18 ) Tj ET Q q 0 0 0 rg BT 344.86 588.42 Td (to ) Tj ET Q q 0 0 0 rg BT 355.54 588.42 Td (the ) Tj ET Q q 0 0 0 rg BT 370.66 588.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 417.78 588.42 Td (Annual ) Tj ET Q q 0 0 0 rg BT 449.85 588.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 479.97 588.42 Td (on ) Tj ET Q q 0 0 0 rg BT 492.88 588.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 517.45 588.42 Td (10-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 578.42 Td (for ) Tj ET Q q 0 0 0 rg BT 150.16 578.42 Td (the ) Tj ET Q q 0 0 0 rg BT 164.88 578.42 Td (year ) Tj ET Q q 0 0 0 rg BT 184.58 578.42 Td (ended ) Tj ET Q q 0 0 0 rg BT 210.96 578.42 Td (December ) Tj ET Q q 0 0 0 rg BT 254.54 578.42 Td (31, ) Tj ET Q q 0 0 0 rg BT 269.54 578.42 Td (2004\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.25 564.32 Td (10.2**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 561.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 159.86 561.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 177.60 561.42 Td (2010 ) Tj ET Q q 0 0 0 rg BT 200.07 561.42 Td (Stock ) Tj ET Q q 0 0 0 rg BT 225.32 561.42 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 265.00 561.42 Td (Plan ) Tj ET Q q 0 0 0 rg BT 285.25 561.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 341.58 561.42 Td (by ) Tj ET Q q 0 0 0 rg BT 354.05 561.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 393.71 561.42 Td (to ) Tj ET Q q 0 0 0 rg BT 403.69 561.42 Td (Annex ) Tj ET Q q 0 0 0 rg BT 432.28 561.42 Td (A) Tj ET Q q 0 0 0 rg BT 438.95 561.42 Td ( ) Tj ET Q q 0 0 0 rg BT 441.14 561.42 Td (to ) Tj ET Q q 0 0 0 rg BT 451.39 561.42 Td (the ) Tj ET Q q 0 0 0 rg BT 466.08 561.42 Td (Company) Tj ET Q q 0 0 0 rg BT 508.02 561.42 Td (s ) Tj ET Q q 0 0 0 rg BT 514.11 561.42 Td (Proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 551.42 Td (Statement ) Tj ET Q q 0 0 0 rg BT 178.49 551.42 Td (on ) Tj ET Q q 0 0 0 rg BT 190.99 551.42 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 230.15 551.42 Td (14A) Tj ET Q q 0 0 0 rg BT 247.09 551.42 Td ( ) Tj ET Q q 0 0 0 rg BT 249.32 551.42 Td (filed ) Tj ET Q q 0 0 0 rg BT 270.14 551.42 Td (October ) Tj ET Q q 0 0 0 rg BT 304.85 551.42 Td (8, ) Tj ET Q q 0 0 0 rg BT 314.85 551.42 Td (2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.25 537.32 Td (10.3**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 525.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 160.48 525.42 Td (of ) Tj ET Q q 0 0 0 rg BT 171.62 525.42 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 214.96 525.42 Td (Stock ) Tj ET Q q 0 0 0 rg BT 240.21 525.42 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 287.16 525.42 Td (under ) Tj ET Q q 0 0 0 rg BT 312.74 525.42 Td (the ) Tj ET Q q 0 0 0 rg BT 327.76 525.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 375.15 525.42 Td (1996 ) Tj ET Q q 0 0 0 rg BT 397.96 525.42 Td (Stock ) Tj ET Q q 0 0 0 rg BT 423.54 525.42 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 463.55 525.42 Td (Plan ) Tj ET Q q 0 0 0 rg BT 484.14 525.42 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 515.42 Td (by ) Tj ET Q q 0 0 0 rg BT 148.50 515.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 188.18 515.42 Td (to ) Tj ET Q q 0 0 0 rg BT 198.46 515.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 230.40 515.42 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 250.40 515.42 Td (to ) Tj ET Q q 0 0 0 rg BT 260.68 515.42 Td (the ) Tj ET Q q 0 0 0 rg BT 275.40 515.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 322.48 515.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 355.53 515.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 385.24 515.42 Td (on ) Tj ET Q q 0 0 0 rg BT 397.74 515.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 421.91 515.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 439.96 515.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 464.12 515.42 Td (June ) Tj ET Q q 0 0 0 rg BT 484.95 515.42 Td (7, ) Tj ET Q q 0 0 0 rg BT 494.95 515.42 Td (2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 501.32 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 500.42 Td (Share ) Tj ET Q q 0 0 0 rg BT 161.36 500.42 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 199.76 500.42 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 246.50 500.42 Td (made ) Tj ET Q q 0 0 0 rg BT 270.75 500.42 Td (and ) Tj ET Q q 0 0 0 rg BT 287.78 500.42 Td (extended ) Tj ET Q q 0 0 0 rg BT 326.47 500.42 Td (into ) Tj ET Q q 0 0 0 rg BT 344.62 500.42 Td (as ) Tj ET Q q 0 0 0 rg BT 355.55 500.42 Td (of ) Tj ET Q q 0 0 0 rg BT 366.17 500.42 Td (April ) Tj ET Q q 0 0 0 rg BT 389.60 500.42 Td (2, ) Tj ET Q q 0 0 0 rg BT 399.69 500.42 Td (2008 ) Tj ET Q q 0 0 0 rg BT 422.29 500.42 Td (by ) Tj ET Q q 0 0 0 rg BT 434.88 500.42 Td (and ) Tj ET Q q 0 0 0 rg BT 451.92 500.42 Td (among ) Tj ET Q q 0 0 0 rg BT 481.73 500.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 505.71 500.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 523.57 500.42 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 490.42 Td (Rennes ) Tj ET Q q 0 0 0 rg BT 168.05 490.42 Td (Foundation ) Tj ET Q q 0 0 0 rg BT 216.21 490.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 272.68 490.42 Td (by ) Tj ET Q q 0 0 0 rg BT 285.29 490.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 325.08 490.42 Td (to ) Tj ET Q q 0 0 0 rg BT 335.46 490.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 367.51 490.42 Td (10.29 ) Tj ET Q q 0 0 0 rg BT 392.62 490.42 Td (to ) Tj ET Q q 0 0 0 rg BT 403.01 490.42 Td (the ) Tj ET Q q 0 0 0 rg BT 417.83 490.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 465.02 490.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 498.17 490.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 528.00 490.42 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 480.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 160.17 480.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 178.22 480.42 Td (filed ) Tj ET Q q 0 0 0 rg BT 198.77 480.42 Td (April ) Tj ET Q q 0 0 0 rg BT 222.10 480.42 Td (14, ) Tj ET Q q 0 0 0 rg BT 237.10 480.42 Td (2008\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.25 466.32 Td (10.5**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 465.42 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 185.12 465.42 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 212.87 465.42 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 259.48 465.42 Td (by ) Tj ET Q q 0 0 0 rg BT 271.93 465.42 Td (and ) Tj ET Q q 0 0 0 rg BT 288.83 465.42 Td (between ) Tj ET Q q 0 0 0 rg BT 324.60 465.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 348.44 465.42 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 368.67 465.42 Td (and ) Tj ET Q q 0 0 0 rg BT 385.56 465.42 Td (Robin ) Tj ET Q q 0 0 0 rg BT 412.46 465.42 Td (Raina ) Tj ET Q q 0 0 0 rg BT 438.25 465.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 462.36 465.42 Td (as ) Tj ET Q q 0 0 0 rg BT 473.14 465.42 Td (of ) Tj ET Q q 0 0 0 rg BT 483.93 465.42 Td (July ) Tj ET Q q 0 0 0 rg BT 503.06 465.42 Td (15, ) Tj ET Q q 0 0 0 rg BT 518.01 465.42 Td (2009 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 455.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 192.42 455.42 Td (by ) Tj ET Q q 0 0 0 rg BT 204.98 455.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 244.72 455.42 Td (to ) Tj ET Q q 0 0 0 rg BT 255.05 455.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 287.05 455.42 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 307.11 455.42 Td (to ) Tj ET Q q 0 0 0 rg BT 317.45 455.42 Td (the ) Tj ET Q q 0 0 0 rg BT 332.22 455.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 379.36 455.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 412.46 455.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 442.24 455.42 Td (on ) Tj ET Q q 0 0 0 rg BT 454.80 455.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 479.02 455.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 497.13 455.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 521.35 455.42 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 445.42 Td (21, ) Tj ET Q q 0 0 0 rg BT 151.00 445.42 Td (2009\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 431.32 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 430.42 Td (Credit Agreement, dated as of August 5, 2014, entered into by and among Ebix, Inc., as Borrower,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 420.42 Td (certain subsidiaries of the Company from time to time party thereto, as Guarantors, Regions Bank,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 410.42 Td (as Administrative Agent and Collateral Agent, and the lenders from time to time party thereto) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 400.42 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 390.42 Td (August 11, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 376.32 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 375.42 Td (Director Nomination Agreement, dated as of November 26, 2014, by and among Barington) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 365.42 Td (Companies Equity Partners, L.P., a Delaware limited partnership, Barington Companies Investors,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 355.42 Td (LLC, as investment advisor to certain investment accounts, Ancora Advisors, LLC, James A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 345.42 Td (Mitarotonda, Joseph R. Wright, Jr. and Ebix, Inc. \(incorporated by reference to Exhibit 99.1 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 335.42 Td (Company's Current Report on Form 8-K filed December 1, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 321.32 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 320.42 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 187.27 320.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 210.76 320.42 Td (as ) Tj ET Q q 0 0 0 rg BT 220.93 320.42 Td (of ) Tj ET Q q 0 0 0 rg BT 231.09 320.42 Td (March ) Tj ET Q q 0 0 0 rg BT 259.03 320.42 Td (23, ) Tj ET Q q 0 0 0 rg BT 273.36 320.42 Td (2015 ) Tj ET Q q 0 0 0 rg BT 295.20 320.42 Td (to ) Tj ET Q q 0 0 0 rg BT 304.81 320.42 Td (the ) Tj ET Q q 0 0 0 rg BT 318.87 320.42 Td (Director ) Tj ET Q q 0 0 0 rg BT 354.02 320.42 Td (Nomination ) Tj ET Q q 0 0 0 rg BT 403.50 320.42 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 451.98 320.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 475.47 320.42 Td (as ) Tj ET Q q 0 0 0 rg BT 485.64 320.42 Td (of ) Tj ET Q q 0 0 0 rg BT 495.80 320.42 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 310.42 Td (26, ) Tj ET Q q 0 0 0 rg BT 150.95 310.42 Td (2014, ) Tj ET Q q 0 0 0 rg BT 175.89 310.42 Td (by ) Tj ET Q q 0 0 0 rg BT 188.34 310.42 Td (and ) Tj ET Q q 0 0 0 rg BT 205.22 310.42 Td (among ) Tj ET Q q 0 0 0 rg BT 234.89 310.42 Td (Barington ) Tj ET Q q 0 0 0 rg BT 277.33 310.42 Td (Companies ) Tj ET Q q 0 0 0 rg BT 324.77 310.42 Td (Equity ) Tj ET Q q 0 0 0 rg BT 353.88 310.42 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 391.60 310.42 Td (L.P) Tj ET Q q 0 0 0 rg BT 405.21 310.42 Td (., ) Tj ET Q q 0 0 0 rg BT 412.10 310.42 Td (a ) Tj ET Q q 0 0 0 rg BT 418.99 310.42 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 459.74 310.42 Td (limited ) Tj ET Q q 0 0 0 rg BT 490.52 310.42 Td (partnership, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 300.42 Td (Barington ) Tj ET Q q 0 0 0 rg BT 178.69 300.42 Td (Companies ) Tj ET Q q 0 0 0 rg BT 226.38 300.42 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 268.23 300.42 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 292.31 300.42 Td (as ) Tj ET Q q 0 0 0 rg BT 303.34 300.42 Td (investment ) Tj ET Q q 0 0 0 rg BT 349.92 300.42 Td (advisor ) Tj ET Q q 0 0 0 rg BT 382.05 300.42 Td (to ) Tj ET Q q 0 0 0 rg BT 392.52 300.42 Td (certain ) Tj ET Q q 0 0 0 rg BT 422.42 300.42 Td (investment ) Tj ET Q q 0 0 0 rg BT 468.99 300.42 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 508.85 300.42 Td (Ancora ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 290.42 Td (Advisors, ) Tj ET Q q 0 0 0 rg BT 177.80 290.42 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 202.38 290.42 Td (James ) Tj ET Q q 0 0 0 rg BT 229.57 290.42 Td (A. ) Tj ET Q q 0 0 0 rg BT 242.21 290.42 Td (Mitarotonda, ) Tj ET Q q 0 0 0 rg BT 297.33 290.42 Td (Joseph ) Tj ET Q q 0 0 0 rg BT 327.74 290.42 Td (R. ) Tj ET Q q 0 0 0 rg BT 339.95 290.42 Td (W) Tj ET Q q 0 0 0 rg BT 349.10 290.42 Td (right, ) Tj ET Q q 0 0 0 rg BT 373.48 290.42 Td (Jr) Tj ET Q q 0 0 0 rg BT 380.42 290.42 Td (., ) Tj ET Q q 0 0 0 rg BT 388.33 290.42 Td (Geor) Tj ET Q q 0 0 0 rg BT 408.23 290.42 Td (ge ) Tj ET Q q 0 0 0 rg BT 420.63 290.42 Td (W) Tj ET Q q 0 0 0 rg BT 429.52 290.42 Td (. ) Tj ET Q q 0 0 0 rg BT 434.75 290.42 Td (Hebard ) Tj ET Q q 0 0 0 rg BT 467.36 290.42 Td (III ) Tj ET Q q 0 0 0 rg BT 480.54 290.42 Td (and ) Tj ET Q q 0 0 0 rg BT 498.17 290.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 522.74 290.42 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 280.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 192.01 280.42 Td (by ) Tj ET Q q 0 0 0 rg BT 204.16 280.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 243.49 280.42 Td (to ) Tj ET Q q 0 0 0 rg BT 253.42 280.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 285.02 280.42 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 304.67 280.42 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 280.42 Td (the ) Tj ET Q q 0 0 0 rg BT 328.96 280.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 375.69 280.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 408.39 280.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 437.75 280.42 Td (on ) Tj ET Q q 0 0 0 rg BT 449.90 280.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 473.72 280.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 491.43 280.42 Td (filed ) Tj ET Q q 0 0 0 rg BT 511.90 280.42 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 270.42 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.00 270.42 Td (2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 256.32 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 255.42 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 188.04 255.42 Td (No.1 ) Tj ET Q q 0 0 0 rg BT 210.38 255.42 Td (and ) Tj ET Q q 0 0 0 rg BT 227.33 255.42 Td (W) Tj ET Q q 0 0 0 rg BT 236.27 255.42 Td (aiver ) Tj ET Q q 0 0 0 rg BT 258.47 255.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 282.73 255.42 Td (February ) Tj ET Q q 0 0 0 rg BT 321.44 255.42 Td (3, ) Tj ET Q q 0 0 0 rg BT 331.55 255.42 Td (2015 ) Tj ET Q q 0 0 0 rg BT 354.16 255.42 Td (to ) Tj ET Q q 0 0 0 rg BT 364.55 255.42 Td (the ) Tj ET Q q 0 0 0 rg BT 379.38 255.42 Td (Credit ) Tj ET Q q 0 0 0 rg BT 406.68 255.42 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 453.44 255.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 477.70 255.42 Td (as ) Tj ET Q q 0 0 0 rg BT 488.64 255.42 Td (of ) Tj ET Q q 0 0 0 rg BT 499.28 255.42 Td (August ) Tj ET Q q 0 0 0 rg BT 530.51 255.42 Td (5, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 245.42 Td (2014, ) Tj ET Q q 0 0 0 rg BT 161.28 245.42 Td (entered ) Tj ET Q q 0 0 0 rg BT 193.48 245.42 Td (into ) Tj ET Q q 0 0 0 rg BT 211.82 245.42 Td (by ) Tj ET Q q 0 0 0 rg BT 224.59 245.42 Td (and ) Tj ET Q q 0 0 0 rg BT 241.81 245.42 Td (among ) Tj ET Q q 0 0 0 rg BT 271.81 245.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 295.97 245.42 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 316.52 245.42 Td (as ) Tj ET Q q 0 0 0 rg BT 327.63 245.42 Td (Borrower) Tj ET Q q 0 0 0 rg BT 365.75 245.42 Td (, ) Tj ET Q q 0 0 0 rg BT 370.82 245.42 Td (certain ) Tj ET Q q 0 0 0 rg BT 400.80 245.42 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 450.80 245.42 Td (of ) Tj ET Q q 0 0 0 rg BT 461.91 245.42 Td (the ) Tj ET Q q 0 0 0 rg BT 476.90 245.42 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.57 245.42 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 235.42 Td (time ) Tj ET Q q 0 0 0 rg BT 155.47 235.42 Td (to ) Tj ET Q q 0 0 0 rg BT 164.95 235.42 Td (time ) Tj ET Q q 0 0 0 rg BT 184.42 235.42 Td (party ) Tj ET Q q 0 0 0 rg BT 206.67 235.42 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 238.63 235.42 Td (as ) Tj ET Q q 0 0 0 rg BT 248.66 235.42 Td (Guarantors, ) Tj ET Q q 0 0 0 rg BT 297.29 235.42 Td (Regions ) Tj ET Q q 0 0 0 rg BT 331.77 235.42 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 357.07 235.42 Td (as ) Tj ET Q q 0 0 0 rg BT 367.00 235.42 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 428.32 235.42 Td (Agent ) Tj ET Q q 0 0 0 rg BT 454.18 235.42 Td (and ) Tj ET Q q 0 0 0 rg BT 470.32 235.42 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 511.35 235.42 Td (Agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 225.42 Td (and ) Tj ET Q q 0 0 0 rg BT 154.17 225.42 Td (the ) Tj ET Q q 0 0 0 rg BT 170.11 225.42 Td (lenders ) Tj ET Q q 0 0 0 rg BT 202.71 225.42 Td (from ) Tj ET Q q 0 0 0 rg BT 225.88 225.42 Td (time ) Tj ET Q q 0 0 0 rg BT 247.38 225.42 Td (to ) Tj ET Q q 0 0 0 rg BT 258.88 225.42 Td (time ) Tj ET Q q 0 0 0 rg BT 280.39 225.42 Td (party ) Tj ET Q q 0 0 0 rg BT 304.66 225.42 Td (thereto ) Tj ET Q q 0 0 0 rg BT 336.15 225.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 393.74 225.42 Td (by ) Tj ET Q q 0 0 0 rg BT 407.47 225.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 448.38 225.42 Td (to ) Tj ET Q q 0 0 0 rg BT 459.88 225.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 493.05 225.42 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 514.28 225.42 Td (to ) Tj ET Q q 0 0 0 rg BT 525.78 225.42 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 215.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 183.08 215.42 Td (Current ) Tj ET Q q 0 0 0 rg BT 216.13 215.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 245.84 215.42 Td (on ) Tj ET Q q 0 0 0 rg BT 258.34 215.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 282.51 215.42 Td (8-K ) Tj ET Q q 0 0 0 rg BT 300.57 215.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 324.72 215.42 Td (February ) Tj ET Q q 0 0 0 rg BT 363.32 215.42 Td (5, ) Tj ET Q q 0 0 0 rg BT 373.32 215.42 Td (2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.75 201.32 Td (10.10**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 200.42 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 156.43 200.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 173.24 200.42 Td (Chief ) Tj ET Q q 0 0 0 rg BT 197.01 200.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 238.53 200.42 Td (Of) Tj ET Q q 0 0 0 rg BT 248.99 200.42 Td (ficer ) Tj ET Q q 0 0 0 rg BT 268.70 200.42 Td (Annual ) Tj ET Q q 0 0 0 rg BT 299.40 200.42 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 338.15 200.42 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 365.26 200.42 Td (Plan ) Tj ET Q q 0 0 0 rg BT 384.58 200.42 Td (ef) Tj ET Q q 0 0 0 rg BT 392.26 200.42 Td (fective ) Tj ET Q q 0 0 0 rg BT 420.91 200.42 Td (January ) Tj ET Q q 0 0 0 rg BT 453.56 200.42 Td (1, ) Tj ET Q q 0 0 0 rg BT 462.60 200.42 Td (2016 ) Tj ET Q q 0 0 0 rg BT 484.15 200.42 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 190.42 Td (by ) Tj ET Q q 0 0 0 rg BT 149.29 190.42 Td (Reference ) Tj ET Q q 0 0 0 rg BT 193.10 190.42 Td (to ) Tj ET Q q 0 0 0 rg BT 203.72 190.42 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 245.73 190.42 Td (A) Tj ET Q q 0 0 0 rg BT 252.40 190.42 Td ( ) Tj ET Q q 0 0 0 rg BT 255.41 190.42 Td (to ) Tj ET Q q 0 0 0 rg BT 266.48 190.42 Td (the ) Tj ET Q q 0 0 0 rg BT 281.99 190.42 Td (Company) Tj ET Q q 0 0 0 rg BT 323.93 190.42 Td (s ) Tj ET Q q 0 0 0 rg BT 330.84 190.42 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 358.02 190.42 Td (Statement ) Tj ET Q q 0 0 0 rg BT 401.30 190.42 Td (on ) Tj ET Q q 0 0 0 rg BT 414.59 190.42 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 454.54 190.42 Td (14A) Tj ET Q q 0 0 0 rg BT 471.48 190.42 Td ( ) Tj ET Q q 0 0 0 rg BT 474.50 190.42 Td (filed ) Tj ET Q q 0 0 0 rg BT 496.11 190.42 Td (March ) Tj ET Q q 0 0 0 rg BT 525.50 190.42 Td (18, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 180.42 Td (2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.90 166.32 Td (10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 166.32 Td (Amendment No.2 dated June 17, 2016 to the Credit Agreement dated as of August 5, 2014, entered) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 156.32 Td (into by and among Ebix, Inc., as Borrower, certain subsidiaries of the Company from time to time) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 146.32 Td (party thereto, as Guarantors, Regions Bank, as Administrative Agent and Collateral Agent, and the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 136.32 Td (lenders from time to time party thereto \(incorporated by reference to Exhibit 10.1 to the Company's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 126.32 Td (Current Report on Form 8-K filed June 22, 2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 112.32 Td (14.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 111.42 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 160.04 111.42 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 177.96 111.42 Td (Code ) Tj ET Q q 0 0 0 rg BT 201.73 111.42 Td (of ) Tj ET Q q 0 0 0 rg BT 212.71 111.42 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 240.36 111.42 Td (for ) Tj ET Q q 0 0 0 rg BT 254.67 111.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 283.43 111.42 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.30 111.42 Td (Of) Tj ET Q q 0 0 0 rg BT 333.76 111.42 Td (ficers ) Tj ET Q q 0 0 0 rg BT 358.53 111.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 415.05 111.42 Td (by ) Tj ET Q q 0 0 0 rg BT 427.70 111.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 467.54 111.42 Td (to ) Tj ET Q q 0 0 0 rg BT 477.97 111.42 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 510.07 111.42 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 530.22 111.42 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 101.42 Td (the ) Tj ET Q q 0 0 0 rg BT 150.23 101.42 Td (Company's ) Tj ET Q q 0 0 0 rg BT 196.82 101.42 Td (Registration ) Tj ET Q q 0 0 0 rg BT 247.71 101.42 Td (Statement ) Tj ET Q q 0 0 0 rg BT 289.71 101.42 Td (on ) Tj ET Q q 0 0 0 rg BT 301.72 101.42 Td (Form ) Tj ET Q q 0 0 0 rg BT 325.39 101.42 Td (S-1 ) Tj ET Q q 0 0 0 rg BT 341.30 101.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 364.96 101.42 Td (November ) Tj ET Q q 0 0 0 rg BT 409.18 101.42 Td (4, ) Tj ET Q q 0 0 0 rg BT 418.69 101.42 Td (2008\) ) Tj ET Q q 0 0 0 rg BT 444.02 101.42 Td (and ) Tj ET Q q 0 0 0 rg BT 460.47 101.42 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 513.01 101.42 Td (herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 91.42 Td (by ) Tj ET Q q 0 0 0 rg BT 148.50 91.42 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 77.32 Td (21.1*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 76.42 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 187.39 76.42 Td (of ) Tj ET Q q 0 0 0 rg BT 198.22 76.42 Td (the ) Tj ET Q q 0 0 0 rg BT 212.93 76.42 Td (Company) Tj ET Q q 0 0 0 rg BT 251.50 76.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 62.32 Td (23.1*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 61.42 Td (Consent ) Tj ET Q q 0 0 0 rg BT 171.28 61.42 Td (of ) Tj ET Q q 0 0 0 rg BT 182.11 61.42 Td (Cherry ) Tj ET Q q 0 0 0 rg BT 212.38 61.42 Td (Bekaert ) Tj ET Q q 0 0 0 rg BT 245.97 61.42 Td (LLP) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 722.50 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 722.50 408.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 682.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 682.50 408.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 738.07 Td (31.1*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 737.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 189.88 737.17 Td (of ) Tj ET Q q 0 0 0 rg BT 201.55 737.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 227.10 737.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 270.42 737.17 Td (Of) Tj ET Q q 0 0 0 rg BT 280.89 737.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 302.45 737.17 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 340.79 737.17 Td (to ) Tj ET Q q 0 0 0 rg BT 351.91 737.17 Td (Rule ) Tj ET Q q 0 0 0 rg BT 374.13 737.17 Td (13a-14\(a\) ) Tj ET Q q 0 0 0 rg BT 416.34 737.17 Td (\(Section ) Tj ET Q q 0 0 0 rg BT 453.01 737.17 Td (302 ) Tj ET Q q 0 0 0 rg BT 471.35 737.17 Td (of ) Tj ET Q q 0 0 0 rg BT 483.02 737.17 Td (the ) Tj ET Q q 0 0 0 rg BT 498.57 737.17 Td (Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 727.17 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 162.66 727.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 179.33 727.17 Td (of ) Tj ET Q q 0 0 0 rg BT 190.16 727.17 Td (2002\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 713.07 Td (31.2*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 712.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 188.21 712.17 Td (of ) Tj ET Q q 0 0 0 rg BT 198.21 712.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 222.11 712.17 Td (Financial ) Tj ET Q q 0 0 0 rg BT 260.99 712.17 Td (Of) Tj ET Q q 0 0 0 rg BT 271.45 712.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 291.35 712.17 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 328.03 712.17 Td (to ) Tj ET Q q 0 0 0 rg BT 337.48 712.17 Td (Rule ) Tj ET Q q 0 0 0 rg BT 358.04 712.17 Td (13a-14\(a\) ) Tj ET Q q 0 0 0 rg BT 398.58 712.17 Td (\(Section ) Tj ET Q q 0 0 0 rg BT 433.58 712.17 Td (302 ) Tj ET Q q 0 0 0 rg BT 450.25 712.17 Td (of ) Tj ET Q q 0 0 0 rg BT 460.26 712.17 Td (the ) Tj ET Q q 0 0 0 rg BT 474.15 712.17 Td (Sarbanes-Oxley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 702.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 152.94 702.17 Td (of ) Tj ET Q q 0 0 0 rg BT 163.77 702.17 Td (2002\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 688.07 Td (32.1*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 687.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 189.04 687.17 Td (of ) Tj ET Q q 0 0 0 rg BT 199.87 687.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 224.58 687.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 267.06 687.17 Td (Of) Tj ET Q q 0 0 0 rg BT 277.53 687.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 298.25 687.17 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 335.75 687.17 Td (to ) Tj ET Q q 0 0 0 rg BT 346.03 687.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 378.52 687.17 Td (906 ) Tj ET Q q 0 0 0 rg BT 396.02 687.17 Td (of ) Tj ET Q q 0 0 0 rg BT 406.85 687.17 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 687.17 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 487.66 687.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 504.33 687.17 Td (of ) Tj ET Q q 0 0 0 rg BT 515.16 687.17 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.75 673.07 Td (32.2*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 672.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 189.04 672.17 Td (of ) Tj ET Q q 0 0 0 rg BT 199.87 672.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 224.58 672.17 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.30 672.17 Td (Of) Tj ET Q q 0 0 0 rg BT 274.67 672.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 295.48 672.17 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 332.98 672.17 Td (to ) Tj ET Q q 0 0 0 rg BT 343.26 672.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 375.76 672.17 Td (906 ) Tj ET Q q 0 0 0 rg BT 393.26 672.17 Td (of ) Tj ET Q q 0 0 0 rg BT 404.09 672.17 Td (the ) Tj ET Q q 0 0 0 rg BT 418.80 672.17 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 484.62 672.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 501.56 672.17 Td (of ) Tj ET Q q 0 0 0 rg BT 512.39 672.17 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 658.07 Td (101*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 658.07 Td (XBRL) Tj ET Q q 0 0 0 rg BT 162.30 658.07 Td ( ) Tj ET Q q 0 0 0 rg BT 164.54 658.07 Td (\(Extensible ) Tj ET Q q 0 0 0 rg BT 212.32 658.07 Td (Business ) Tj ET Q q 0 0 0 rg BT 250.12 658.07 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 292.35 658.07 Td (Language\) ) Tj ET Q q 0 0 0 rg BT 337.35 658.07 Td (- ) Tj ET Q q 0 0 0 rg BT 342.75 658.07 Td (The ) Tj ET Q q 0 0 0 rg BT 360.54 658.07 Td (following ) Tj ET Q q 0 0 0 rg BT 401.66 658.07 Td (materials ) Tj ET Q q 0 0 0 rg BT 440.55 658.07 Td (from ) Tj ET Q q 0 0 0 rg BT 462.23 658.07 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 485.86 658.07 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 508.56 658.07 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 648.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 165.01 648.07 Td (on ) Tj ET Q q 0 0 0 rg BT 176.81 648.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 200.27 648.07 Td (10-K ) Tj ET Q q 0 0 0 rg BT 222.62 648.07 Td (for ) Tj ET Q q 0 0 0 rg BT 236.07 648.07 Td (the ) Tj ET Q q 0 0 0 rg BT 250.08 648.07 Td (year ) Tj ET Q q 0 0 0 rg BT 269.08 648.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 294.75 648.07 Td (December ) Tj ET Q q 0 0 0 rg BT 337.63 648.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 351.93 648.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 376.22 648.07 Td (formatted ) Tj ET Q q 0 0 0 rg BT 416.89 648.07 Td (in ) Tj ET Q q 0 0 0 rg BT 426.46 648.07 Td (XBRL) Tj ET Q q 0 0 0 rg BT 452.76 648.07 Td ( ) Tj ET Q q 0 0 0 rg BT 454.55 648.07 Td (\(eXtensible ) Tj ET Q q 0 0 0 rg BT 502.44 648.07 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 638.07 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 180.71 638.07 Td (Language\): ) Tj ET Q q 0 0 0 rg BT 230.95 638.07 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 245.10 638.07 Td (the ) Tj ET Q q 0 0 0 rg BT 262.02 638.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 319.51 638.07 Td (Balance ) Tj ET Q q 0 0 0 rg BT 356.42 638.07 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 389.74 638.07 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 406.67 638.07 Td (the ) Tj ET Q q 0 0 0 rg BT 423.59 638.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 481.08 638.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 529.67 638.07 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 628.07 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 184.71 628.07 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 202.04 628.07 Td (the ) Tj ET Q q 0 0 0 rg BT 216.60 628.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 271.71 628.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 317.93 628.07 Td (of ) Tj ET Q q 0 0 0 rg BT 328.59 628.07 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 393.69 628.07 Td (Income ) Tj ET Q q 0 0 0 rg BT 426.01 628.07 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 453.90 628.07 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 470.68 628.07 Td (the ) Tj ET Q q 0 0 0 rg BT 485.23 628.07 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 618.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 185.60 618.07 Td (of ) Tj ET Q q 0 0 0 rg BT 199.66 618.07 Td (Stockholders' ) Tj ET Q q 0 0 0 rg BT 259.40 618.07 Td (Equity ) Tj ET Q q 0 0 0 rg BT 291.78 618.07 Td (and ) Tj ET Q q 0 0 0 rg BT 311.94 618.07 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 380.43 618.07 Td (Income ) Tj ET Q q 0 0 0 rg BT 416.13 618.07 Td (\(Loss\), ) Tj ET Q q 0 0 0 rg BT 449.91 618.07 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 467.29 618.07 Td (the ) Tj ET Q q 0 0 0 rg BT 485.23 618.07 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 608.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 182.03 608.07 Td (of ) Tj ET Q q 0 0 0 rg BT 192.52 608.07 Td (Cash ) Tj ET Q q 0 0 0 rg BT 214.67 608.07 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 243.77 608.07 Td (and ) Tj ET Q q 0 0 0 rg BT 260.37 608.07 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 276.96 608.07 Td (Notes ) Tj ET Q q 0 0 0 rg BT 302.44 608.07 Td (to ) Tj ET Q q 0 0 0 rg BT 312.37 608.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 367.29 608.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 406.66 608.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 452.69 608.07 Td (which ) Tj ET Q q 0 0 0 rg BT 479.28 608.07 Td (were ) Tj ET Q q 0 0 0 rg BT 500.87 608.07 Td (tagged ) Tj ET Q q 0 0 0 rg BT 529.67 608.07 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 598.07 Td (blocks ) Tj ET Q q 0 0 0 rg BT 164.61 598.07 Td (of ) Tj ET Q q 0 0 0 rg BT 175.44 598.07 Td (text.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.00 Td (* ) Tj ET Q q 0 0 0 rg BT 86.00 569.00 Td (Filed ) Tj ET Q q 0 0 0 rg BT 109.06 569.00 Td (herewith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.60 Td (** ) Tj ET Q q 0 0 0 rg BT 86.00 551.60 Td (Indicates management contract or compensatory plan or arrangement.) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.65 742.25 Td (ScheduleII) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.25 720.25 Td (Ebix, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.95 686.25 Td (ScheduleIIV) Tj ET Q q 0 0 0 rg BT 266.88 686.25 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 370.52 686.25 Td (Accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.75 664.25 Td (Y) Tj ET Q q 0 0 0 rg BT 150.86 664.25 Td (ears ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.19 664.25 Td (December) Tj ET Q q 0 0 0 rg BT 242.32 664.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.82 664.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.82 664.25 Td (December) Tj ET Q q 0 0 0 rg BT 327.94 664.25 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.44 664.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.57 664.25 Td (December) Tj ET Q q 0 0 0 rg BT 429.69 664.25 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.19 664.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 642.25 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 119.82 642.25 Td (for ) Tj ET Q q 0 0 0 rg BT 133.98 642.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 170.36 642.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 207.85 642.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 251.43 642.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 265.04 642.25 Td (thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 597.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 597.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 597.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 569.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 569.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 569.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 569.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 569.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 569.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 541.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 541.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 541.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 541.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 541.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 541.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 597.75 m 424.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 597.75 m 493.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 597.75 m 562.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 597.75 m 493.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 597.75 m 562.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 541.75 m 424.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 541.75 m 493.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 541.75 m 562.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 528.75 m 424.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 526.75 m 424.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 528.75 m 493.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 526.75 m 493.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 528.75 m 562.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 526.75 m 562.5 526.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.40 622.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.40 612.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 602.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.40 622.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.40 612.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 602.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.40 622.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 612.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 602.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 588.32 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 588.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 588.32 Td (3,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 588.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 588.32 Td (1,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 588.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 588.32 Td (1,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.32 Td (Provision for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 574.32 Td (1,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 574.32 Td (3,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 574.32 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.32 Td (Write-off of accounts receivable against allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 560.37 Td (\(2,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 560.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 560.37 Td (\(1,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 560.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 560.37 Td (\(1,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 560.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 546.32 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 546.37 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 546.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.32 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 532.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 532.32 Td (2,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 532.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 532.32 Td (3,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 532.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 532.32 Td (1,619) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 494.25 Td (V) Tj ET Q q 0 0 0 rg BT 80.11 494.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 114.83 494.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 157.86 494.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.02 494.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 207.82 494.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 222.54 494.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 248.37 494.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 261.98 494.25 Td (thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 449.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 449.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 449.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 449.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 449.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 449.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 449.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.75 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 421.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 421.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 421.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 421.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 421.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 421.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 449.75 m 424.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 449.75 m 493.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 449.75 m 562.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 449.75 m 493.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 449.75 m 562.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 421.75 m 424.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 421.75 m 493.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 421.75 m 562.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 408.75 m 424.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 406.75 m 424.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 408.75 m 493.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 406.75 m 493.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 408.75 m 562.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 406.75 m 562.5 406.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.40 474.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.40 464.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 454.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.40 474.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.40 464.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 454.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.40 474.43 Td (Year Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 464.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 454.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 440.32 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 440.37 Td (\(5,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 440.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 440.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 440.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.32 Td (Decrease \(increase\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 426.32 Td (2,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 426.37 Td (\(5,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 426.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 426.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 412.32 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 412.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 412.37 Td (\(3,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 412.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 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