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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 52 m 145.5 52 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 48 m 145.5 48 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 52 m 245.5 52 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 48 m 245.5 48 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 52 m 345.5 52 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 48 m 345.5 48 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 52 m 457.5 52 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 48 m 457.5 48 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 52 m 557.5 52 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 48 m 557.5 48 l s BT /F2 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 263.50 740.70 Td (Explanatory Note) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 721.30 Td (The purpose of this amendment to our Interim Report on Form 10-Q for the three months ended March ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 706.90 Td (31, 2012, originally filed with the Securities and Exchange Commission on May 10, 2012, is only to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 692.50 Td (supplement certain disclosures \(as detailed below\). ) Tj ET Q q 0 0 0 rg BT 300.37 692.50 Td (This amendment should be read in conjunction with ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 678.10 Td (the Company's full interim report for the three months ended March 31, 2012 on Form 10-Q. ) Tj ET Q q 0 0 0 rg BT 498.08 678.10 Td (A) Tj ET Q q 0 0 0 rg BT 506.08 678.10 Td ( brief ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 663.70 Td (summary of the additional disclosures provided in this amended filing is as follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 627.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 92.00 627.30 Td (Part I Item 1 Financial Statements and Supplementary Information - Note 3 Business ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 92.00 612.90 Td (Combinations has been revised to include the relevant disclosures and pro forma information ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 92.00 598.50 Td (concerning our acquisition of ) Tj ET Q q 0 0 0 rg BT 235.30 598.50 Td (ADAM in February 201) Tj ET Q q 0 0 0 rg BT 351.17 598.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 365.51 598.50 Td (Also Note 8 Geographic Information ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 92.00 584.10 Td (has been revised to disclose the basis for attributing revenues from external customers to specific ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 92.00 569.70 Td (individual countries. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 543.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 91.00 543.30 Td (Part I Item 2 Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 307.45 543.30 Td (Analysis - Information pertaining to the 201) Tj ET Q q 0 0 0 rg BT 524.29 543.30 Td (1 and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 91.00 528.90 Td (2012 operating revenues from the Company's acquisition of ) Tj ET Q q 0 0 0 rg BT 380.44 528.90 Td (ADAM in February 201) Tj ET Q q 0 0 0 rg BT 496.31 528.90 Td (1 was added ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 91.00 514.50 Td (to the analysis of results for the first quarter of 2012 as compared to the first quarter of 201) Tj ET Q q 0 0 0 rg BT 527.10 514.50 Td (1.) Tj ET Q endstream endobj 7 0 obj <><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 720.10 Td (FORM 10-Q/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.30 698.10 Td (FOR ) Tj ET Q q 0 0 0 rg BT 226.07 698.10 Td (THE QUAR) Tj ET Q q 0 0 0 rg BT 275.75 698.10 Td (TER ENDED ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.51 698.10 Td (MARCH 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.69 698.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 290.4 684.7669921875 m 321.503515625 684.7669921875 l s q 0 0 0 rg BT 290.40 686.10 Td (INDEX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 642.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 614.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 586.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 558.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 544.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 516.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 483.17 Td (Exhibit 31.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 469.17 Td (Exhibit 31.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 455.17 Td (Exhibit 32.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 441.17 Td (Exhibit 32.2) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 654.8333984375 m 221.599609375 654.8333984375 l s q 0 0 1 rg BT 52.00 656.17 Td (P) Tj ET Q q 0 0 1 rg BT 56.64 656.17 Td (AR) Tj ET Q q 0 0 1 rg BT 69.93 656.17 Td (T) Tj ET Q q 0 0 1 rg BT 75.86 656.17 Td ( I FINANCIAL) Tj ET Q q 0 0 1 rg BT 150.21 656.17 Td ( INFORMA) Tj ET Q q 0 0 1 rg BT 197.72 656.17 Td (TION) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58 626.8333984375 m 227.6923828125 626.8333984375 l s q 0 0 1 rg BT 58.00 628.17 Td (Item1. Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 70 598.8333984375 m 340.5078125 598.8333984375 l s q 0 0 1 rg BT 70.00 600.17 Td (Notes to Condensed Consolidated Financial Statements \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 516 598.8333984375 m 521 598.8333984375 l s q 0 0 1 rg BT 516.00 600.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58 570.8333984375 m 447.1162109375 570.8333984375 l s q 0 0 1 rg BT 58.00 572.17 Td (Item2. Management) Tj ET Q q 0 0 1 rg BT 143.81 572.17 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 212.98 572.17 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 516 570.8333984375 m 521 570.8333984375 l s q 0 0 1 rg BT 516.00 572.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 528.8333984375 m 113.1181640625 528.8333984375 l s q 0 0 1 rg BT 52.00 530.17 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 81.45 530.17 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 513.5 528.8333984375 m 523.5 528.8333984375 l s q 0 0 1 rg BT 513.50 530.17 Td (14) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 500.8333984375 m 125.4130859375 500.8333984375 l s q 0 0 1 rg BT 52.00 502.17 Td (EXHIBIT) Tj ET Q q 0 0 1 rg BT 91.81 502.17 Td ( INDEX) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 718.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 718.25 Td (I ) Tj ET Q q 0 0 0 rg BT 84.84 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.34 718.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 153.46 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.96 718.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 204.10 718.25 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (Item1: ) Tj ET Q q 0 0 0 rg BT 83.32 695.25 Td (CONDENSED ) Tj ET Q q 0 0 0 rg BT 148.61 695.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 208.43 695.25 Td (TED ) Tj ET Q q 0 0 0 rg BT 231.49 695.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 287.61 695.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.11 695.25 Td (ST) Tj ET Q q 0 0 0 rg BT 301.60 695.25 Td (A) Tj ET Q q 0 0 0 rg BT 308.08 695.25 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 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407.30 603.25 Td (ganic ) Tj ET Q q 0 0 0 rg BT 432.90 603.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 465.16 603.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 508.54 603.25 Td (as ) Tj ET Q q 0 0 0 rg BT 520.80 603.25 Td (part ) Tj ET Q q 0 0 0 rg BT 540.28 603.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 603.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 591.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.44 591.25 Td (business ) Tj ET Q q 0 0 0 rg BT 150.23 591.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 181.47 591.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.81 591.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 242.26 591.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 273.27 591.25 Td (. ) Tj ET Q q 0 0 0 rg BT 278.67 591.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.37 591.25 Td (The ) Tj ET Q q 0 0 0 rg BT 299.82 591.25 Td (Company' ) Tj ET Q q 0 0 0 rg BT 343.41 591.25 Td (looks ) Tj ET Q q 0 0 0 rg BT 367.98 591.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.67 591.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 410.99 591.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 456.12 591.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.02 591.25 Td (are ) Tj ET Q q 0 0 0 rg BT 489.13 591.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 554.23 591.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 579.25 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 78.30 579.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 113.68 579.25 Td (products ) Tj ET Q q 0 0 0 rg BT 151.83 579.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.99 579.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 208.41 579.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.12 579.25 Td (During ) Tj ET Q q 0 0 0 rg BT 244.17 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.10 579.25 Td (first ) Tj ET Q q 0 0 0 rg BT 279.93 579.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 311.96 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.00 579.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 347.72 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.65 579.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.25 579.25 Td (did ) Tj ET Q q 0 0 0 rg BT 422.75 579.25 Td (not ) Tj ET Q q 0 0 0 rg BT 439.24 579.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 473.49 579.25 Td (any ) Tj ET Q q 0 0 0 rg BT 491.65 579.25 Td (material ) Tj ET Q q 0 0 0 rg BT 528.12 579.25 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 567.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.77 567.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 52.17 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.34 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 56.51 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.68 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 60.85 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 63.02 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 65.19 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 67.36 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.52 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 71.69 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.86 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.03 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.20 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.37 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.54 545.25 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 140.81 545.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 160.20 545.25 Td (by ) Tj ET Q q 0 0 0 rg BT 172.37 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.76 545.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.81 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.64 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.03 545.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 300.42 545.25 Td (it ) Tj ET Q q 0 0 0 rg BT 308.15 545.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 349.74 545.25 Td (is ) Tj ET Q q 0 0 0 rg BT 358.58 545.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 396.84 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.79 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.18 545.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 446.67 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.28 545.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 502.67 545.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 539.26 545.25 Td (based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.65 533.25 Td (their ) Tj ET Q q 0 0 0 rg BT 93.62 533.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 134.58 533.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 151.11 533.25 Td (values ) Tj ET Q q 0 0 0 rg BT 179.30 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 190.28 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.12 533.25 Td (date ) Tj ET Q q 0 0 0 rg BT 235.42 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.40 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.26 533.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 310.10 533.25 Td (The ) Tj ET Q q 0 0 0 rg BT 328.29 533.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 357.04 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.01 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 533.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 421.06 533.25 Td (price ) Tj ET Q q 0 0 0 rg BT 443.69 533.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.11 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.97 533.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 519.94 533.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.46 533.25 Td (values ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.64 521.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 88.29 521.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 126.03 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.78 521.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.31 521.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 222.06 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 232.05 521.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 270.34 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 281.98 521.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 323.35 521.25 Td (Recognized ) Tj ET Q q 0 0 0 rg BT 373.87 521.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 412.74 521.25 Td (pertains ) Tj ET Q q 0 0 0 rg BT 447.71 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.80 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.34 521.25 Td (value ) Tj ET Q q 0 0 0 rg BT 499.31 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.95 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.48 521.25 Td (expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (syner) Tj ET Q q 0 0 0 rg BT 71.48 509.25 Td (gies ) Tj ET Q q 0 0 0 rg BT 89.54 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.27 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.66 509.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 142.59 509.25 Td (from ) Tj ET Q q 0 0 0 rg BT 163.98 509.25 Td (combining ) Tj ET Q q 0 0 0 rg BT 208.71 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.87 509.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 266.48 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.76 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.93 509.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 335.10 509.25 Td (we ) Tj ET Q q 0 0 0 rg BT 348.71 509.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 380.09 509.25 Td (including ) Tj ET Q q 0 0 0 rg BT 419.81 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.98 509.25 Td (value ) Tj ET Q q 0 0 0 rg BT 457.58 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.03 509.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 518.41 509.25 Td (workforce. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 487.25 Td (During ) Tj ET Q q 0 0 0 rg BT 116.45 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.78 487.25 Td (first ) Tj ET Q q 0 0 0 rg BT 149.01 487.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 179.44 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.88 487.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 212.00 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.33 487.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.34 487.25 Td (received ) Tj ET Q q 0 0 0 rg BT 303.32 487.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.87 487.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 358.09 487.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 372.41 487.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.31 487.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 428.29 487.25 Td (with ) Tj ET Q q 0 0 0 rg BT 448.19 487.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.75 487.25 Td (failed ) Tj ET Q q 0 0 0 rg BT 479.63 487.25 Td (business ) Tj ET Q q 0 0 0 rg BT 515.63 487.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 564.52 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 567.02 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 569.52 487.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.91 475.25 Td (this ) Tj ET Q q 0 0 0 rg BT 75.93 475.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 103.04 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.84 475.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.30 475.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 193.85 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.87 475.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 239.21 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.56 475.25 Td (general ) Tj ET Q q 0 0 0 rg BT 279.56 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.58 475.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 354.36 475.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 388.14 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 397.50 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.29 475.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 462.85 475.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 494.42 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.32 475.25 Td ($971 ) Tj ET Q q 0 0 0 rg BT 525.90 475.25 Td (thousand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 67.86 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.51 463.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 123.04 463.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 155.90 463.25 Td (related ) Tj ET Q q 0 0 0 rg BT 185.42 463.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 218.28 463.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.36 463.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.67 463.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 316.31 463.25 Td (by ) Tj ET Q q 0 0 0 rg BT 328.62 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.16 463.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.36 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.12 463.25 Td (a ) Tj ET Q q 0 0 0 rg BT 407.87 463.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 439.07 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.72 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.26 463.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 478.78 463.25 Td (that ) Tj ET Q q 0 0 0 rg BT 496.09 463.25 Td (had ) Tj ET Q q 0 0 0 rg BT 512.85 463.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.94 463.25 Td (be ) Tj ET Q q 0 0 0 rg BT 534.70 463.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 554.23 463.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 451.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.21 451.25 Td (banker\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 429.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.52 429.25 Td (February ) Tj ET Q q 0 0 0 rg BT 138.92 429.25 Td (7, ) Tj ET Q q 0 0 0 rg BT 148.72 429.25 Td (201) Tj ET Q q 0 0 0 rg BT 163.35 429.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 170.65 429.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 191.83 429.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 219.68 429.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.20 429.25 Td (mer) Tj ET Q q 0 0 0 rg BT 249.56 429.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 264.63 429.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.75 429.25 Td (Atlanta, ) Tj ET Q q 0 0 0 rg BT 308.99 429.25 Td (Geor) Tj ET Q q 0 0 0 rg BT 328.80 429.25 Td (gia ) Tj ET Q q 0 0 0 rg BT 343.31 429.25 Td (based ) Tj ET Q q 0 0 0 rg BT 367.88 429.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 400.73 429.25 Td (with ) Tj ET Q q 0 0 0 rg BT 420.81 429.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.55 429.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 457.63 429.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 486.59 429.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 529.99 429.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.62 429.25 Td (Ebix. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.98 417.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.18 417.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 115.38 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.70 417.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.90 417.25 Td (mer) Tj ET Q q 0 0 0 rg BT 155.27 417.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 170.02 417.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 216.15 417.25 Td (all ) Tj ET Q q 0 0 0 rg BT 228.13 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.45 417.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.21 417.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 284.76 417.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 337.28 417.25 Td (received, ) Tj ET Q q 0 0 0 rg BT 375.63 417.25 Td (at ) Tj ET Q q 0 0 0 rg BT 384.83 417.25 Td (a ) Tj ET Q q 0 0 0 rg BT 391.26 417.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 413.79 417.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 453.53 417.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 476.34 417.25 Td (0.3122 ) Tj ET Q q 0 0 0 rg BT 505.83 417.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 532.80 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.12 417.25 Td (Ebix ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.64 405.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.40 405.25 Td (for ) Tj ET Q q 0 0 0 rg BT 125.71 405.25 Td (every ) Tj ET Q q 0 0 0 rg BT 150.57 405.25 Td (share ) Tj ET Q q 0 0 0 rg BT 174.31 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.71 405.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 217.91 405.25 Td (common ) Tj ET Q q 0 0 0 rg BT 255.56 405.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 281.82 405.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 303.35 405.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 331.00 405.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 391.41 405.25 Td (3.65 ) Tj ET Q q 0 0 0 rg BT 411.56 405.25 Td (million ) Tj ET Q q 0 0 0 rg BT 443.10 405.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.74 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.72 405.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 503.25 405.25 Td (common ) Tj ET Q q 0 0 0 rg BT 540.90 405.25 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.40 393.25 Td (a ) Tj ET Q q 0 0 0 rg BT 75.45 393.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 90.95 393.25 Td (value ) Tj ET Q q 0 0 0 rg BT 114.22 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.17 393.25 Td ($87.5 ) Tj ET Q q 0 0 0 rg BT 148.29 393.25 Td (million ) Tj ET Q q 0 0 0 rg BT 178.80 393.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 214.86 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.26 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.09 393.25 Td (mer) Tj ET Q q 0 0 0 rg BT 253.46 393.25 Td (ger) Tj ET Q q 0 0 0 rg BT 265.67 393.25 Td (. ) Tj ET Q q 0 0 0 rg BT 269.79 393.25 Td (In ) Tj ET Q q 0 0 0 rg BT 279.74 393.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 314.13 393.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 334.64 393.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 353.47 393.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 412.85 393.25 Td ($944 ) Tj ET Q q 0 0 0 rg BT 434.47 393.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 472.20 393.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.59 393.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.98 393.25 Td (for ) Tj ET Q q 0 0 0 rg BT 514.26 393.25 Td (unexercised ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 82.49 381.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 105.53 381.25 Td (options. ) Tj ET Q q 0 0 0 rg BT 138.98 381.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 171.46 381.25 Td (was ) Tj ET Q q 0 0 0 rg BT 188.95 381.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.31 381.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 226.68 381.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 262.49 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.75 381.25 Td (health ) Tj ET Q q 0 0 0 rg BT 299.11 381.25 Td (information ) Tj ET Q q 0 0 0 rg BT 348.25 381.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.62 381.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 398.21 381.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 444.57 381.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 482.62 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.33 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.47 381.25 Td (United ) Tj ET Q q 0 0 0 rg BT 535.62 381.25 Td (States. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 69.58 369.25 Td (million ) Tj ET Q q 0 0 0 rg BT 100.55 369.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.50 369.25 Td (ADAM's ) Tj ET Q q 0 0 0 rg BT 148.83 369.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 188.67 369.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 226.29 369.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 272.23 369.25 Td (since ) Tj ET Q q 0 0 0 rg BT 294.86 369.25 Td (February ) Tj ET Q q 0 0 0 rg BT 333.03 369.25 Td (7, ) Tj ET Q q 0 0 0 rg BT 342.61 369.25 Td (201) Tj ET Q q 0 0 0 rg BT 357.24 369.25 Td (1were ) Tj ET Q q 0 0 0 rg BT 383.75 369.25 Td (included ) Tj ET Q q 0 0 0 rg BT 420.26 369.25 Td (in ) Tj ET Q q 0 0 0 rg BT 430.12 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.42 369.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 491.07 369.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 528.69 369.25 Td (reported ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.10 357.25 Td (its ) Tj ET Q q 0 0 0 rg BT 71.88 357.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 116.41 357.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.17 357.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 186.04 357.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 226.68 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.33 357.25 Td (income ) Tj ET Q q 0 0 0 rg BT 269.09 357.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.08 357.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.62 357.25 Td (three ) Tj ET Q q 0 0 0 rg BT 319.93 357.25 Td (months ) Tj ET Q q 0 0 0 rg BT 351.70 357.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 377.90 357.25 Td (March ) Tj ET Q q 0 0 0 rg BT 406.32 357.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.15 357.25 Td (201) Tj ET Q q 0 0 0 rg BT 435.78 357.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 445.60 357.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.92 357.25 Td (Correspondingly ) Tj ET Q q 0 0 0 rg BT 517.47 357.25 Td (included ) Tj ET Q q 0 0 0 rg BT 554.22 357.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 345.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 111.19 345.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 148.93 345.25 Td (as ) Tj ET Q q 0 0 0 rg BT 159.45 345.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 194.97 345.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.94 345.25 Td (its ) Tj ET Q q 0 0 0 rg BT 216.59 345.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 260.99 345.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.63 345.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 330.37 345.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 370.88 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.41 345.25 Td (income ) Tj ET Q q 0 0 0 rg BT 413.04 345.25 Td (for ) Tj ET Q q 0 0 0 rg BT 426.90 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.31 345.25 Td (three ) Tj ET Q q 0 0 0 rg BT 463.50 345.25 Td (months ) Tj ET Q q 0 0 0 rg BT 495.14 345.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.22 345.25 Td (March ) Tj ET Q q 0 0 0 rg BT 549.51 345.25 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 72.77 333.25 Td (is ) Tj ET Q q 0 0 0 rg BT 82.21 333.25 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 102.49 333.25 Td (million ) Tj ET Q q 0 0 0 rg BT 134.15 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.64 333.25 Td (ADAM's ) Tj ET Q q 0 0 0 rg BT 183.66 333.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.20 333.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 261.12 333.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.89 333.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.66 333.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 286.10 333.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.65 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.64 333.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 329.39 333.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.16 333.25 Td (many ) Tj ET Q q 0 0 0 rg BT 372.15 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.64 333.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 415.97 333.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 449.84 333.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 489.83 333.25 Td (were ) Tj ET Q q 0 0 0 rg BT 512.03 333.25 Td (immediately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 321.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 92.06 321.25 Td (into ) Tj ET Q q 0 0 0 rg BT 109.70 321.25 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 136.35 321.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 180.09 321.25 Td (it ) Tj ET Q q 0 0 0 rg BT 187.72 321.25 Td (is ) Tj ET Q q 0 0 0 rg BT 196.47 321.25 Td (impractical ) Tj ET Q q 0 0 0 rg BT 243.53 321.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.39 321.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 296.00 321.25 Td (track ) Tj ET Q q 0 0 0 rg BT 318.06 321.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.58 321.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 368.88 321.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 402.05 321.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 438.00 321.25 Td (from ) Tj ET Q q 0 0 0 rg BT 459.52 321.25 Td (this ) Tj ET Q q 0 0 0 rg BT 476.05 321.25 Td (business ) Tj ET Q q 0 0 0 rg BT 512.02 321.25 Td (combination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (after ) Tj ET Q q 0 0 0 rg BT 71.73 309.25 Td (its ) Tj ET Q q 0 0 0 rg BT 84.60 309.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 131.90 309.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 154.47 309.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.64 309.25 Td (The ) Tj ET Q q 0 0 0 rg BT 176.61 309.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.67 309.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 245.08 309.25 Td (from ) Tj ET Q q 0 0 0 rg BT 267.18 309.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 301.15 309.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 339.56 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.31 309.25 Td (products ) Tj ET Q q 0 0 0 rg BT 389.17 309.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.03 309.25 Td (services ) Tj ET Q q 0 0 0 rg BT 442.65 309.25 Td (is ) Tj ET Q q 0 0 0 rg BT 452.74 309.25 Td (included ) Tj ET Q q 0 0 0 rg BT 490.59 309.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.79 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 309.25 Td (Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 90.94 297.25 Td (division. ) Tj ET Q q 0 0 0 rg BT 127.17 297.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.57 297.25 Td (The ) Tj ET Q q 0 0 0 rg BT 145.63 297.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.03 297.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 228.07 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.25 297.25 Td (this ) Tj ET Q q 0 0 0 rg BT 257.21 297.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 302.60 297.25 Td (by ) Tj ET Q q 0 0 0 rg BT 314.11 297.25 Td (recording ) Tj ET Q q 0 0 0 rg BT 353.94 297.25 Td ($60.1 ) Tj ET Q q 0 0 0 rg BT 377.95 297.25 Td (million ) Tj ET Q q 0 0 0 rg BT 408.35 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.19 297.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 457.76 297.25 Td ($15.4 ) Tj ET Q q 0 0 0 rg BT 481.77 297.25 Td (million ) Tj ET Q q 0 0 0 rg BT 512.17 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.01 297.25 Td (intangible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.97 285.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 119.15 285.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.56 285.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 168.85 285.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 225.09 285.25 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 245.23 285.25 Td (million ) Tj ET Q q 0 0 0 rg BT 276.76 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.72 285.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 330.35 285.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.32 285.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 399.50 285.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.91 285.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 446.97 285.25 Td (technology) Tj ET Q q 0 0 0 rg BT 490.76 285.25 Td (, ) Tj ET Q q 0 0 0 rg BT 495.89 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.97 285.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 533.11 285.25 Td (million ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.85 273.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 103.37 273.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 129.22 273.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 172.29 273.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.59 273.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 219.54 273.25 Td (trademarks. ) Tj ET Q q 0 0 0 rg BT 268.98 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.51 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.03 273.25 Td (During ) Tj ET Q q 0 0 0 rg BT 304.88 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.62 273.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 356.58 273.25 Td (year's ) Tj ET Q q 0 0 0 rg BT 382.01 273.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 412.85 273.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 442.59 273.25 Td (March ) Tj ET Q q 0 0 0 rg BT 471.21 273.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 486.23 273.25 Td (201) Tj ET Q q 0 0 0 rg BT 500.86 273.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 508.39 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 273.25 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.81 261.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 115.51 261.25 Td (nonrecurring ) Tj ET Q q 0 0 0 rg BT 169.65 261.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 208.24 261.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 241.28 261.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 284.87 261.25 Td (with ) Tj ET Q q 0 0 0 rg BT 305.14 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.85 261.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 366.23 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.50 261.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 409.56 261.25 Td (which ) Tj ET Q q 0 0 0 rg BT 436.49 261.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 478.42 261.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.69 261.25 Td ($1.78 ) Tj ET Q q 0 0 0 rg BT 513.69 261.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 547.57 261.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 98.28 249.25 Td (included ) Tj ET Q q 0 0 0 rg BT 134.90 249.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.53 249.25 Td ($1.39 ) Tj ET Q q 0 0 0 rg BT 166.22 249.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 212.29 249.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 246.69 249.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 261.09 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.72 249.25 Td ($400 ) Tj ET Q q 0 0 0 rg BT 299.91 249.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 338.20 249.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 379.26 249.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 420.87 249.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 445.56 249.25 Td (Furthermore ) Tj ET Q q 0 0 0 rg BT 497.73 249.25 Td (as ) Tj ET Q q 0 0 0 rg BT 508.25 249.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.88 249.25 Td (result ) Tj ET Q q 0 0 0 rg BT 539.28 249.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 249.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 65.22 237.25 Td (201) Tj ET Q q 0 0 0 rg BT 79.85 237.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 87.86 237.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 134.74 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.41 237.25 Td (Adam, ) Tj ET Q q 0 0 0 rg BT 175.35 237.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 205.56 237.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 244.10 237.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 267.11 237.25 Td (were ) Tj ET Q q 0 0 0 rg BT 289.54 237.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 335.85 237.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.18 237.25 Td (part ) Tj ET Q q 0 0 0 rg BT 365.73 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.06 237.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 418.12 237.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.91 237.25 Td (These ) Tj ET Q q 0 0 0 rg BT 447.79 237.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 470.79 237.25 Td (were ) Tj ET Q q 0 0 0 rg BT 493.22 237.25 Td ($75 ) Tj ET Q q 0 0 0 rg BT 511.23 237.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 550.34 237.25 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 72.05 225.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 90.76 225.25 Td (related ) Tj ET Q q 0 0 0 rg BT 120.58 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.98 225.25 Td (registering ) Tj ET Q q 0 0 0 rg BT 176.36 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.19 225.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 212.69 225.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.42 225.25 Td (tendered ) Tj ET Q q 0 0 0 rg BT 273.46 225.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.40 225.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 322.56 225.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 381.55 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.60 225.25 Td ($665 ) Tj ET Q q 0 0 0 rg BT 421.22 225.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 459.94 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.89 225.25 Td (of) Tj ET Q q 0 0 0 rg BT 479.04 225.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 499.97 225.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 542.00 225.25 Td (costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.59 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 113.87 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 213.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.31 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 213.25 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 214.40 213.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 266.89 213.25 Td (contracts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.32 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.63 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.95 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.27 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.42 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.28 191.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 145.03 191.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 160.68 191.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 186.87 191.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.17 191.25 Td (information ) Tj ET Q q 0 0 0 rg BT 273.70 191.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 316.56 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.65 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.19 191.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 388.08 191.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 434.28 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.42 191.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 477.29 191.25 Td (as ) Tj ET Q q 0 0 0 rg BT 487.94 191.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 528.57 191.25 Td (below ) Tj ET Q q 0 0 0 rg BT 555.33 191.25 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.62 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.35 179.25 Td (informational ) Tj ET Q q 0 0 0 rg BT 157.85 179.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 195.47 179.25 Td (only ) Tj ET Q q 0 0 0 rg BT 215.32 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.83 179.25 Td (does ) Tj ET Q q 0 0 0 rg BT 252.24 179.25 Td (not ) Tj ET Q q 0 0 0 rg BT 267.09 179.25 Td (project ) Tj ET Q q 0 0 0 rg BT 296.92 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.21 179.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 357.86 179.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 395.47 179.25 Td (results ) Tj ET Q q 0 0 0 rg BT 423.65 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.05 179.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 477.78 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.51 179.25 Td (any ) Tj ET Q q 0 0 0 rg BT 508.02 179.25 Td (future ) Tj ET Q q 0 0 0 rg BT 533.97 179.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 564.51 179.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (No ) Tj ET Q q 0 0 0 rg BT 65.59 167.25 Td (ef) Tj ET Q q 0 0 0 rg BT 73.18 167.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 91.54 167.25 Td (has ) Tj ET Q q 0 0 0 rg BT 108.24 167.25 Td (been ) Tj ET Q q 0 0 0 rg BT 130.49 167.25 Td (given ) Tj ET Q q 0 0 0 rg BT 156.08 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.24 167.25 Td (this ) Tj ET Q q 0 0 0 rg BT 185.06 167.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 201.76 167.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 229.01 167.25 Td (information ) Tj ET Q q 0 0 0 rg BT 279.59 167.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.63 167.25 Td (future ) Tj ET Q q 0 0 0 rg BT 321.88 167.25 Td (syner) Tj ET Q q 0 0 0 rg BT 343.36 167.25 Td (gistic ) Tj ET Q q 0 0 0 rg BT 368.40 167.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 403.42 167.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.79 167.25 Td (may ) Tj ET Q q 0 0 0 rg BT 442.38 167.25 Td (still ) Tj ET Q q 0 0 0 rg BT 460.76 167.25 Td (be ) Tj ET Q q 0 0 0 rg BT 473.57 167.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 508.58 167.25 Td (as ) Tj ET Q q 0 0 0 rg BT 520.29 167.25 Td (a ) Tj ET Q q 0 0 0 rg BT 528.10 167.25 Td (result ) Tj ET Q q 0 0 0 rg BT 553.69 167.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (combining ) Tj ET Q q 0 0 0 rg BT 94.54 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.53 155.25 Td (two ) Tj ET Q q 0 0 0 rg BT 125.29 155.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 169.82 155.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.92 155.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 201.69 155.25 Td (that ) Tj ET Q q 0 0 0 rg BT 218.45 155.25 Td (may ) Tj ET Q q 0 0 0 rg BT 237.44 155.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 251.42 155.25 Td (be ) Tj ET Q q 0 0 0 rg BT 262.63 155.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 297.71 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.26 155.25 Td (integrating ) Tj ET Q q 0 0 0 rg BT 352.34 155.25 Td (their ) Tj ET Q q 0 0 0 rg BT 372.44 155.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 418.36 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.00 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 437.31 155.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 452.41 155.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 478.06 155.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.80 155.25 Td (information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (below ) Tj ET Q q 0 0 0 rg BT 76.41 143.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 111.71 143.25 Td (three ) Tj ET Q q 0 0 0 rg BT 133.66 143.25 Td (months ) Tj ET Q q 0 0 0 rg BT 165.08 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.39 143.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 190.69 143.25 Td (forma ) Tj ET Q q 0 0 0 rg BT 216.54 143.25 Td (results ) Tj ET Q q 0 0 0 rg BT 244.62 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.81 143.25 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 290.34 143.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.64 143.25 Td (if ) Tj ET Q q 0 0 0 rg BT 308.72 143.25 Td (it ) Tj ET Q q 0 0 0 rg BT 316.25 143.25 Td (had ) Tj ET Q q 0 0 0 rg BT 332.66 143.25 Td (been ) Tj ET Q q 0 0 0 rg BT 353.51 143.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 389.91 143.25 Td (on ) Tj ET Q q 0 0 0 rg BT 401.88 143.25 Td (January ) Tj ET Q q 0 0 0 rg BT 434.95 143.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 444.42 143.25 Td (201) Tj ET Q q 0 0 0 rg BT 459.05 143.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 468.52 143.25 Td (whereas ) Tj ET Q q 0 0 0 rg BT 503.25 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 143.25 Td (Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.83 131.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.33 131.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 168.06 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 182.24 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.97 131.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 227.80 131.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 254.20 131.25 Td (March ) Tj ET Q q 0 0 0 rg BT 282.81 131.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 297.83 131.25 Td (201) Tj ET Q q 0 0 0 rg BT 312.46 131.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 319.98 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Td (, ) Tj ET Q q 0 0 0 rg BT 171.85 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.68 638.25 Td (information ) Tj ET Q q 0 0 0 rg BT 236.28 638.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 273.76 638.25 Td (available ) Tj ET Q q 0 0 0 rg BT 311.25 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.42 638.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 375.40 638.25 Td (including ) Tj ET Q q 0 0 0 rg BT 414.56 638.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 458.16 638.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 497.87 638.25 Td (future ) Tj ET Q q 0 0 0 rg BT 523.14 638.25 Td (economic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.35 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.62 626.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.42 626.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 201.52 626.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 238.24 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.51 626.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 284.99 626.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 328.07 626.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 374.75 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.90 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.95 626.25 Td (Company) Tj ET Q q 0 0 0 rg BT 442.61 626.25 Td (s ) Tj ET Q q 0 0 0 rg BT 449.33 626.25 Td (products ) Tj ET Q q 0 0 0 rg BT 486.60 626.25 Td (by ) Tj ET Q q 0 0 0 rg BT 499.42 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.47 626.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 547.56 626.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 614.25 Td (s ) Tj ET Q q 0 0 0 rg BT 110.25 614.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 133.86 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.79 614.25 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 196.33 614.25 Td (In ) Tj ET Q q 0 0 0 rg BT 207.15 614.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 244.92 614.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 274.62 614.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 319.33 614.25 Td (included ) Tj ET Q q 0 0 0 rg BT 356.25 614.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.53 614.25 Td (this ) Tj ET Q q 0 0 0 rg BT 383.47 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.41 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 416.23 614.25 Td (future ) Tj ET Q q 0 0 0 rg BT 442.60 614.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 470.65 614.25 Td (with ) Tj ET Q q 0 0 0 rg BT 490.93 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.64 614.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.57 614.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.74 602.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 144.62 602.25 Td (\(SEC\), ) Tj ET Q q 0 0 0 rg BT 183.31 602.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.41 602.25 Td (press ) Tj ET Q q 0 0 0 rg BT 216.28 602.25 Td (releases, ) Tj ET Q q 0 0 0 rg BT 252.74 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.49 602.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.59 602.25 Td (oral ) Tj ET Q q 0 0 0 rg BT 297.45 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.20 602.25 Td (written ) Tj ET Q q 0 0 0 rg BT 344.85 602.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 389.37 602.25 Td (made ) Tj ET Q q 0 0 0 rg BT 413.34 602.25 Td (by ) Tj ET Q q 0 0 0 rg BT 425.66 602.25 Td (us ) Tj ET Q q 0 0 0 rg BT 436.87 602.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.51 602.25 Td (with ) Tj ET Q q 0 0 0 rg BT 467.61 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 483.25 602.25 Td (approval, ) Tj ET Q q 0 0 0 rg BT 523.06 602.25 Td (which ) Tj ET Q q 0 0 0 rg BT 549.81 602.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.65 590.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 110.73 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.92 590.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 162.00 590.25 Td (fact, ) Tj ET Q q 0 0 0 rg BT 182.36 590.25 Td (are ) Tj ET Q q 0 0 0 rg BT 197.43 590.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 265.84 590.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 313.21 590.25 Td (W) Tj ET Q q 0 0 0 rg BT 321.85 590.25 Td (ords ) Tj ET Q q 0 0 0 rg BT 341.93 590.25 Td (such ) Tj ET Q q 0 0 0 rg BT 363.13 590.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.33 590.25 Td (may) Tj ET Q q 0 0 0 rg BT 395.34 590.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.14 590.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 441.60 590.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 482.52 590.25 Td (would, ) Tj ET Q q 0 0 0 rg BT 521.76 590.25 Td (believe, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (expect, ) Tj ET Q q 0 0 0 rg BT 90.02 578.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 142.81 578.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 190.05 578.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 228.97 578.25 Td (seeks, ) Tj ET Q q 0 0 0 rg BT 264.55 578.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 295.69 578.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 337.37 578.25 Td (continue, ) Tj ET Q q 0 0 0 rg BT 385.73 578.25 Td (predict, ) Tj ET Q q 0 0 0 rg BT 427.42 578.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 456.89 578.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 497.49 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.47 578.25 Td (other ) Tj ET Q q 0 0 0 rg BT 537.56 578.25 Td (words ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.50 566.25 Td (expressions ) Tj ET Q q 0 0 0 rg BT 109.33 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.82 566.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 149.77 566.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 186.37 566.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.74 566.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 237.34 566.25 Td (by ) Tj ET Q q 0 0 0 rg BT 249.51 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.90 566.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.95 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.90 566.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 348.17 566.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 415.87 566.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 462.75 566.25 Td (although ) Tj ET Q q 0 0 0 rg BT 499.92 566.25 Td (not ) Tj ET Q q 0 0 0 rg BT 514.86 566.25 Td (all ) Tj ET Q q 0 0 0 rg BT 527.03 566.25 Td (forward-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 82.65 554.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.96 554.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 158.49 554.25 Td (these ) Tj ET Q q 0 0 0 rg BT 181.13 554.25 Td (identifying ) Tj ET Q q 0 0 0 rg BT 227.11 554.25 Td (words. ) Tj ET Q q 0 0 0 rg BT 256.00 554.25 Td (These ) Tj ET Q q 0 0 0 rg BT 281.97 554.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 349.61 554.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 393.91 554.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.22 554.25 Td (found ) Tj ET Q q 0 0 0 rg BT 433.64 554.25 Td (at ) Tj ET Q q 0 0 0 rg BT 442.96 554.25 Td (various ) Tj ET Q q 0 0 0 rg BT 474.49 554.25 Td (places ) Tj ET Q q 0 0 0 rg BT 501.57 554.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 547.56 554.25 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (report ) Tj ET Q q 0 0 0 rg BT 75.91 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.38 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.18 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.43 542.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 161.79 542.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 214.35 542.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 241.37 542.25 Td (by ) Tj ET Q q 0 0 0 rg BT 253.40 542.25 Td (reference. ) Tj ET Q q 0 0 0 rg BT 294.96 542.25 Td (These ) Tj ET Q q 0 0 0 rg BT 320.87 542.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 365.11 542.25 Td (are ) Tj ET Q q 0 0 0 rg BT 379.35 542.25 Td (based ) Tj ET Q q 0 0 0 rg BT 404.15 542.25 Td (on ) Tj ET Q q 0 0 0 rg BT 416.18 542.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.54 542.25 Td (current ) Tj ET Q q 0 0 0 rg BT 461.88 542.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 513.89 542.25 Td (about ) Tj ET Q q 0 0 0 rg BT 538.14 542.25 Td (future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (events ) Tj ET Q q 0 0 0 rg BT 77.79 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.37 530.25 Td (results ) Tj ET Q q 0 0 0 rg BT 116.72 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.41 530.25 Td (information ) Tj ET Q q 0 0 0 rg BT 182.87 530.25 Td (that ) Tj ET Q q 0 0 0 rg BT 200.11 530.25 Td (is ) Tj ET Q q 0 0 0 rg BT 209.02 530.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 247.36 530.25 Td (available ) Tj ET Q q 0 0 0 rg BT 285.70 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.72 530.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 309.36 530.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 341.60 530.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 395.80 530.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 419.43 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.12 530.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 491.95 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.64 530.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 533.65 530.25 Td (only ) Tj ET Q q 0 0 0 rg BT 553.68 530.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 518.25 Td (date ) Tj ET Q q 0 0 0 rg BT 94.70 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.20 518.25 Td (which ) Tj ET Q q 0 0 0 rg BT 134.14 518.25 Td (such ) Tj ET Q q 0 0 0 rg BT 154.97 518.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 199.68 518.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.39 518.25 Td (made.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.40 496.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.35 496.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 120.63 496.25 Td (results ) Tj ET Q q 0 0 0 rg BT 149.14 496.25 Td (may ) Tj ET Q q 0 0 0 rg BT 168.76 496.25 Td (dif) Tj ET Q q 0 0 0 rg BT 179.68 496.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 193.18 496.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 236.12 496.25 Td (from ) Tj ET Q q 0 0 0 rg BT 257.96 496.25 Td (those ) Tj ET Q q 0 0 0 rg BT 281.47 496.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 323.30 496.25 Td (or ) Tj ET Q q 0 0 0 rg BT 334.03 496.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 366.99 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.17 496.25 Td (these ) Tj ET Q q 0 0 0 rg BT 400.11 496.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 468.05 496.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 515.17 496.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 547.01 496.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.06 484.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 95.10 484.25 Td (such ) Tj ET Q q 0 0 0 rg BT 116.27 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.55 484.25 Td (dif) Tj ET Q q 0 0 0 rg BT 134.47 484.25 Td (ference, ) Tj ET Q q 0 0 0 rg BT 169.23 484.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 204.00 484.25 Td (but ) Tj ET Q q 0 0 0 rg BT 219.61 484.25 Td (are ) Tj ET Q q 0 0 0 rg BT 234.66 484.25 Td (not ) Tj ET Q q 0 0 0 rg BT 250.28 484.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 281.45 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.06 484.25 Td (those ) Tj ET Q q 0 0 0 rg BT 316.01 484.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 357.18 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.45 484.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 415.61 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.23 484.25 Td (PartI, ) Tj ET Q q 0 0 0 rg BT 453.51 484.25 Td (Item1A, ) Tj ET Q q 0 0 0 rg BT 491.89 484.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 517.51 484.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 554.22 484.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.88 472.25 Td (201) Tj ET Q q 0 0 0 rg BT 80.50 472.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 88.05 472.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 112.27 472.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 135.36 472.25 Td (which ) Tj ET Q q 0 0 0 rg BT 162.35 472.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.56 472.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 224.64 472.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.18 472.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 276.91 472.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 306.94 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 317.82 472.25 Td (well ) Tj ET Q q 0 0 0 rg BT 337.58 472.25 Td (as: ) Tj ET Q q 0 0 0 rg BT 351.23 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.00 472.25 Td (willingness ) Tj ET Q q 0 0 0 rg BT 414.10 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.97 472.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 476.39 472.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 517.25 472.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 554.22 472.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (outsource ) Tj ET Q q 0 0 0 rg BT 91.39 460.25 Td (their ) Tj ET Q q 0 0 0 rg BT 112.23 460.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 152.50 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.45 460.25 Td (other ) Tj ET Q q 0 0 0 rg BT 192.51 460.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 237.79 460.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 263.07 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.36 460.25 Td (third ) Tj ET Q q 0 0 0 rg BT 294.76 460.25 Td (parties; ) Tj ET Q q 0 0 0 rg BT 326.71 460.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 357.55 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.50 460.25 Td (other ) Tj ET Q q 0 0 0 rg BT 397.56 460.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 447.28 460.25 Td (pressures ) Tj ET Q q 0 0 0 rg BT 487.00 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.95 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.68 460.25 Td (company) Tj ET Q q 0 0 0 rg BT 558.11 460.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.47 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.16 448.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 106.30 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.54 448.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 153.45 448.25 Td (share ) Tj ET Q q 0 0 0 rg BT 176.46 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.71 448.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.07 448.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.31 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.67 448.25 Td (result ) Tj ET Q q 0 0 0 rg BT 248.80 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.05 448.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 289.29 448.25 Td (by ) Tj ET Q q 0 0 0 rg BT 301.21 448.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 350.33 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.69 448.25 Td (others; ) Tj ET Q q 0 0 0 rg BT 395.82 448.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 429.95 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.64 448.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 478.77 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.46 448.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.14 448.25 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (judgments; ) Tj ET Q q 0 0 0 rg BT 97.88 436.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 133.53 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.74 436.25 Td (or ) Tj ET Q q 0 0 0 rg BT 156.51 436.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 186.04 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.26 436.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 230.69 436.25 Td (with ) Tj ET Q q 0 0 0 rg BT 251.90 436.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 273.67 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.55 436.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 341.92 436.25 Td (including ) Tj ET Q q 0 0 0 rg BT 383.13 436.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 430.44 436.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 474.15 436.25 Td (taxation ) Tj ET Q q 0 0 0 rg BT 509.79 436.25 Td (requirements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 94.58 424.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.28 424.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 128.74 424.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 166.92 424.25 Td (new ) Tj ET Q q 0 0 0 rg BT 187.06 424.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.76 424.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 224.57 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.48 424.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 274.84 424.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 290.53 424.25 Td (interpretations\) ) Tj ET Q q 0 0 0 rg BT 355.10 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.36 424.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 405.94 424.25 Td (or ) Tj ET Q q 0 0 0 rg BT 417.75 424.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 450.10 424.25 Td (jurisdictions; ) Tj ET Q q 0 0 0 rg BT 505.80 424.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 547.03 424.25 Td (rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 99.61 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.45 412.25 Td (other ) Tj ET Q q 0 0 0 rg BT 139.40 412.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 160.69 412.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.18 412.25 Td (with ) Tj ET Q q 0 0 0 rg BT 224.36 412.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 274.53 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.37 412.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 335.43 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.61 412.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 376.88 412.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 415.94 412.25 Td (\(particularly ) Tj ET Q q 0 0 0 rg BT 467.76 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.40 412.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 518.96 412.25 Td (Singapore, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 79.74 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.99 400.25 Td (India ) Tj ET Q q 0 0 0 rg BT 120.35 400.25 Td (wherein ) Tj ET Q q 0 0 0 rg BT 155.37 400.25 Td (we ) Tj ET Q q 0 0 0 rg BT 169.84 400.25 Td (have ) Tj ET Q q 0 0 0 rg BT 191.52 400.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 236.55 400.25 Td (operations\); ) Tj ET Q q 0 0 0 rg BT 287.12 400.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 314.92 400.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 351.89 400.25 Td (including ) Tj ET Q q 0 0 0 rg BT 392.47 400.25 Td (market ) Tj ET Q q 0 0 0 rg BT 423.05 400.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 470.31 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.55 400.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 532.58 400.25 Td (interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.11 388.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 118.95 388.25 Td (which ) Tj ET Q q 0 0 0 rg BT 145.52 388.25 Td (may ) Tj ET Q q 0 0 0 rg BT 164.86 388.25 Td (impede ) Tj ET Q q 0 0 0 rg BT 196.43 388.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.88 388.25 Td (access ) Tj ET Q q 0 0 0 rg BT 239.55 388.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 251.96 388.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.41 388.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 297.29 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.64 388.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 329.88 388.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 342.83 388.25 Td (external ) Tj ET Q q 0 0 0 rg BT 377.16 388.25 Td (financing; ) Tj ET Q q 0 0 0 rg BT 419.83 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.40 388.25 Td (international ) Tj ET Q q 0 0 0 rg BT 489.07 388.25 Td (conflict, ) Tj ET Q q 0 0 0 rg BT 524.24 388.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 84.58 376.25 Td (acts. ) Tj ET Q q 0 0 0 rg BT 105.56 376.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 136.25 376.25 Td (as ) Tj ET Q q 0 0 0 rg BT 147.51 376.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 188.21 376.25 Td (required ) Tj ET Q q 0 0 0 rg BT 224.45 376.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.38 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.53 376.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 283.21 376.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 323.90 376.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 347.66 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.81 376.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 404.62 376.25 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 450.87 376.25 Td (no ) Tj ET Q q 0 0 0 rg BT 463.79 376.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 507.27 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.98 376.25 Td (update ) Tj ET Q q 0 0 0 rg BT 547.57 376.25 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.30 364.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 101.98 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.28 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.03 364.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 156.77 364.25 Td (announce ) Tj ET Q q 0 0 0 rg BT 197.06 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.24 364.25 Td (results ) Tj ET Q q 0 0 0 rg BT 239.32 364.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 252.12 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.42 364.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 296.60 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.35 364.25 Td (any ) Tj ET Q q 0 0 0 rg BT 322.76 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.06 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 364.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 414.75 364.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 458.93 364.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 499.78 364.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 526.73 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.48 364.25 Td (reflect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 352.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 106.92 352.25 Td (developments, ) Tj ET Q q 0 0 0 rg BT 167.47 352.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 203.28 352.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 264.92 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 275.75 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 289.91 352.25 Td (any ) Tj ET Q q 0 0 0 rg BT 306.85 352.25 Td (other ) Tj ET Q q 0 0 0 rg BT 329.90 352.25 Td (reason.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 330.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.68 330.25 Td (important ) Tj ET Q q 0 0 0 rg BT 134.70 330.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 152.84 330.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 183.18 330.25 Td (that ) Tj ET Q q 0 0 0 rg BT 201.32 330.25 Td (could ) Tj ET Q q 0 0 0 rg BT 226.67 330.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 252.02 330.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 279.02 330.25 Td (results ) Tj ET Q q 0 0 0 rg BT 308.27 330.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.19 330.25 Td (dif) Tj ET Q q 0 0 0 rg BT 330.11 330.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 344.35 330.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 388.02 330.25 Td (from ) Tj ET Q q 0 0 0 rg BT 410.60 330.25 Td (those ) Tj ET Q q 0 0 0 rg BT 434.84 330.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.76 330.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.23 330.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 496.46 330.25 Td (forward-looking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.71 318.25 Td (included ) Tj ET Q q 0 0 0 rg BT 131.65 318.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.92 318.25 Td (this ) Tj ET Q q 0 0 0 rg BT 158.87 318.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 183.04 318.25 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 206.09 318.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 240.53 318.25 Td (but ) Tj ET Q q 0 0 0 rg BT 255.81 318.25 Td (are ) Tj ET Q q 0 0 0 rg BT 270.51 318.25 Td (not ) Tj ET Q q 0 0 0 rg BT 285.79 318.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 316.62 318.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 329.40 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.12 318.25 Td (following:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 284.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 284.25 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 131.21 284.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 154.21 284.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 162.77 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.66 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.43 284.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 217.32 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.66 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.43 284.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 292.43 284.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 348.76 284.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 389.53 284.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 439.47 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.47 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.36 284.25 Td (future ) Tj ET Q q 0 0 0 rg BT 501.80 284.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 539.25 284.25 Td (needs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 272.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 125.98 272.25 Td (under ) Tj ET Q q 0 0 0 rg BT 150.40 272.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 193.71 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.80 272.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.66 272.25 Td (Condition, ) Tj ET Q q 0 0 0 rg BT 297.25 272.25 Td (as ) Tj ET Q q 0 0 0 rg BT 307.24 272.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 349.43 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.86 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 373.84 272.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.04 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.47 272.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 445.98 272.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.40 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 486.49 272.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.90 272.25 Td (activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.72 260.25 Td (any ) Tj ET Q q 0 0 0 rg BT 121.43 260.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 157.47 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.53 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.14 260.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 211.18 260.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 241.67 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.28 260.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.54 260.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 332.59 260.25 Td (which ) Tj ET Q q 0 0 0 rg BT 360.31 260.25 Td (could ) Tj ET Q q 0 0 0 rg BT 385.80 260.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 416.84 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.45 260.25 Td (access ) Tj ET Q q 0 0 0 rg BT 462.27 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.32 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.82 260.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 518.75 260.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 553.68 260.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 248.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 129.04 248.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 164.29 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.12 248.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 220.38 248.25 Td (costs;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 236.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 236.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 236.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 110.64 236.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 144.00 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.82 236.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.30 236.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 191.34 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.72 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.98 236.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 250.35 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.17 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.43 236.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 329.92 236.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 387.73 236.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 429.99 236.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 481.41 236.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 547.56 236.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 224.25 Td (Contingencies, ) Tj ET Q q 0 0 0 rg BT 152.80 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.89 224.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 223.63 224.25 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 272.94 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.03 224.25 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 342.11 224.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 405.87 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.30 224.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 452.56 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.54 224.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 504.51 224.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.37 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 224.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 212.25 Td (market ) Tj ET Q q 0 0 0 rg BT 116.26 212.25 Td (value ) Tj ET Q q 0 0 0 rg BT 140.42 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.25 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.08 212.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 192.91 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 203.74 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.46 212.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 253.72 212.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 280.10 212.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 298.71 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.54 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.37 212.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 382.30 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.24 212.25 Td (contingencies;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 200.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 200.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 200.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 108.43 200.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 139.58 200.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 161.85 200.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 169.68 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.85 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.90 200.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 243.17 200.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 269.33 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.94 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.99 200.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 342.27 200.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 397.87 200.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 437.92 200.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 484.63 200.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.80 200.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 539.17 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 200.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 188.25 Td (business ) Tj ET Q q 0 0 0 rg BT 122.27 188.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 172.42 188.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.46 188.25 Td (have ) Tj ET Q q 0 0 0 rg BT 207.72 188.25 Td (made ) Tj ET Q q 0 0 0 rg BT 231.75 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.57 188.25 Td (our ) Tj ET Q q 0 0 0 rg BT 264.28 188.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 292.21 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.37 188.25 Td (ef) Tj ET Q q 0 0 0 rg BT 309.96 188.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 345.66 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.48 188.25 Td (ef) Tj ET Q q 0 0 0 rg BT 370.06 188.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 407.42 188.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 444.78 188.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 481.59 188.25 Td (business ) Tj ET Q q 0 0 0 rg BT 517.86 188.25 Td (operations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.94 176.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.77 176.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 146.82 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.10 176.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 200.68 176.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 236.50 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.21 176.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 267.59 176.25 Td (value ) Tj ET Q q 0 0 0 rg BT 291.75 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.58 176.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 337.29 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.23 176.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 396.72 176.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 425.33 176.25 Td (and,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 164.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 164.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 108.01 164.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 138.75 164.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.61 164.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 210.23 164.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 256.54 164.25 Td (& ) Tj ET Q q 0 0 0 rg BT 266.21 164.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 303.63 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.37 164.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 354.00 164.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 396.43 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.28 164.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 445.15 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.90 164.25 Td (Operation ) Tj ET Q q 0 0 0 rg BT 498.30 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.16 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.80 164.25 Td (analysis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.25 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.40 152.25 Td (three ) Tj ET Q q 0 0 0 rg BT 138.31 152.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 173.88 152.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 202.24 152.25 Td (including ) Tj ET Q q 0 0 0 rg BT 243.94 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.08 152.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 287.88 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 60.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.31 60.25 Td (following ) Tj ET Q q 0 0 0 rg BT 133.96 60.25 Td (information ) Tj ET Q q 0 0 0 rg BT 183.94 60.25 Td (should ) Tj ET Q q 0 0 0 rg BT 213.37 60.25 Td (be ) Tj ET Q q 0 0 0 rg BT 225.57 60.25 Td (read ) Tj ET Q q 0 0 0 rg BT 245.54 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.08 60.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 306.06 60.25 Td (with ) Tj ET Q q 0 0 0 rg BT 326.60 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.58 60.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 383.78 60.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 428.75 60.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 482.06 60.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.80 60.25 Td (statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.57 48.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 106.64 48.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 137.36 48.25 Td (included ) Tj ET Q q 0 0 0 rg BT 174.76 48.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.49 48.25 Td (Part1. ) Tj ET Q q 0 0 0 rg BT 214.56 48.25 Td (Item1 ) Tj ET Q q 0 0 0 rg BT 243.34 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.63 48.25 Td (this ) Tj ET Q q 0 0 0 rg BT 272.04 48.25 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 313.32 48.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 345.99 48.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.39 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.56 48.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 410.96 48.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.46 48.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.40 48.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 547.57 48.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 74.66 742.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 105.97 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.95 742.10 Td (Management) Tj ET Q q 0 0 0 rg BT 178.93 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 186.37 742.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 233.81 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.01 742.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 289.56 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.44 742.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 342.20 742.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 385.75 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.74 742.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 436.73 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.61 742.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 496.03 742.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 538.45 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.50 730.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 129.44 730.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 159.16 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.66 730.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 195.83 730.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 218.88 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.04 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.76 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 267.47 730.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.84 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 352.43 730.10 Td (201) Tj ET Q q 0 0 0 rg BT 367.06 730.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.06 730.10 Td (.) 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684.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.51 684.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.62 684.10 Td (industries. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 71.45 672.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 108.45 672.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.45 672.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 145.78 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.67 672.10 Td (application ) Tj ET Q q 0 0 0 rg BT 203.66 672.10 Td (software ) Tj ET Q q 0 0 0 rg BT 240.65 672.10 Td (products ) Tj ET Q q 0 0 0 rg BT 277.65 672.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.88 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.66 672.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 347.53 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.53 672.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 402.08 672.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 443.53 672.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 476.64 672.10 Td (from ) Tj ET Q q 0 0 0 rg BT 498.64 672.10 Td (data ) Tj ET Q q 0 0 0 rg BT 517.85 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0 0 0 rg BT 493.40 624.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 539.09 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 624.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (world.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.10 590.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 132.97 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.97 590.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.51 590.10 Td (service ) Tj ET Q q 0 0 0 rg BT 218.38 590.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 259.82 590.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 296.81 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.14 590.10 Td (under) Tj ET Q q 0 0 0 rg BT 329.73 590.10 Td (go ) Tj ET Q q 0 0 0 rg BT 342.29 590.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 387.06 590.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 443.49 590.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.38 590.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 482.48 590.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.04 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.81 590.10 Td (need ) Tj ET Q q 0 0 0 rg BT 531.25 590.10 Td (for) Tj ET Q q 0 0 0 rg BT 542.51 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.56 590.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.93 578.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 110.15 578.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 156.19 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.80 578.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 191.07 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.78 578.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 234.83 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.89 578.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 288.05 578.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 329.65 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.37 578.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.63 578.10 Td (services ) Tj ET Q q 0 0 0 rg BT 421.11 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.17 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.89 578.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 490.37 578.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 546.46 578.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 91.66 566.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 126.66 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 148.89 566.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 198.32 566.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 249.97 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.75 566.10 Td (steady ) Tj ET Q q 0 0 0 rg BT 286.65 566.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 322.75 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.87 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.43 566.10 Td (desire ) Tj ET Q q 0 0 0 rg BT 376.66 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.78 566.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 417.77 566.10 Td (paper) Tj ET Q q 0 0 0 rg BT 439.78 566.10 Td (-based ) Tj ET Q q 0 0 0 rg BT 469.22 566.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 510.89 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.68 566.10 Td (improve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 554.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 92.89 554.10 Td (at ) Tj ET Q q 0 0 0 rg BT 103.20 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.51 554.10 Td (back-end ) Tj ET Q q 0 0 0 rg BT 158.25 554.10 Td (side ) Tj ET Q q 0 0 0 rg BT 177.46 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.99 554.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 236.96 554.10 Td (end ) Tj ET Q q 0 0 0 rg BT 254.50 554.10 Td (side. ) Tj ET Q q 0 0 0 rg BT 276.20 554.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 299.30 554.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 356.27 554.10 Td (has ) Tj ET Q q 0 0 0 rg BT 372.70 554.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 410.79 554.10 Td (both ) Tj ET Q q 0 0 0 rg BT 431.67 554.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 473.08 554.10 Td (carriers ) Tj ET Q q 0 0 0 rg BT 506.15 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.68 554.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 83.13 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.71 542.10 Td (is ) Tj ET Q q 0 0 0 rg BT 110.51 542.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 144.20 542.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 187.32 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.68 542.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 235.80 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.72 542.10 Td (which ) Tj ET Q q 0 0 0 rg BT 274.30 542.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 315.75 542.10 Td (products ) Tj ET Q q 0 0 0 rg BT 353.33 542.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.67 542.10 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 417.09 542.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 472.43 542.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 508.33 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 542.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 84.75 530.10 Td (will ) Tj ET Q q 0 0 0 rg BT 102.28 530.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 138.68 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.43 530.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 193.70 530.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 237.88 530.10 Td (change ) Tj ET Q q 0 0 0 rg BT 268.17 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.58 530.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 324.30 530.10 Td (ef) Tj ET Q q 0 0 0 rg BT 331.89 530.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 372.17 530.10 Td (through ) Tj ET Q q 0 0 0 rg BT 405.25 530.10 Td (online ) Tj ET Q q 0 0 0 rg BT 432.21 530.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 478.33 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.63 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.81 530.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 542.56 530.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (paper) Tj ET Q q 0 0 0 rg BT 72.01 518.10 Td (-based ) Tj ET Q q 0 0 0 rg BT 100.18 518.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 140.58 518.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.86 518.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 205.81 518.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 247.32 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.62 518.10 Td (norm ) Tj ET Q q 0 0 0 rg BT 284.80 518.10 Td (across ) Tj ET Q q 0 0 0 rg BT 311.87 518.10 Td (world ) Tj ET Q q 0 0 0 rg BT 337.27 518.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 377.67 518.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 413.90 518.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 450.41 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.27 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.56 518.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 514.95 518.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 549.81 518.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 75.27 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.55 506.10 Td (create ) Tj ET Q q 0 0 0 rg BT 111.91 506.10 Td (new ) Tj ET Q q 0 0 0 rg BT 131.07 506.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 186.35 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.51 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.22 506.10 Td (Company) Tj ET Q q 0 0 0 rg BT 253.46 506.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 440.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 94.96 440.10 Td (strives ) Tj ET Q q 0 0 0 rg BT 123.13 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.98 440.10 Td (work ) Tj ET Q q 0 0 0 rg BT 155.60 440.10 Td (collaboratively ) Tj ET Q q 0 0 0 rg BT 217.65 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.50 440.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 265.67 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.52 440.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 309.24 440.10 Td (innovative ) Tj ET Q q 0 0 0 rg BT 353.52 440.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 400.02 440.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 439.86 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.37 440.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 494.55 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.62 440.10 Td (address ) Tj ET Q q 0 0 0 rg BT 543.68 440.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 84.94 428.10 Td (business ) Tj ET Q q 0 0 0 rg BT 122.67 428.10 Td (challenges. ) Tj ET Q q 0 0 0 rg BT 171.22 428.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 193.95 428.10 Td (combines ) Tj ET Q q 0 0 0 rg BT 236.12 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.18 428.10 Td (newest ) Tj ET Q q 0 0 0 rg BT 283.79 428.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 338.17 428.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.79 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 373.09 428.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 422.47 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.09 428.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 482.10 428.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 517.61 428.10 Td (design ) Tj ET Q q 0 0 0 rg BT 547.56 428.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (integration, ) Tj ET Q q 0 0 0 rg BT 97.67 416.10 Td (information ) Tj ET Q q 0 0 0 rg BT 146.74 416.10 Td (technology) Tj ET Q q 0 0 0 rg BT 190.52 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.87 416.10 Td (business ) Tj ET Q q 0 0 0 rg BT 230.62 416.10 Td (process ) Tj ET Q q 0 0 0 rg BT 262.46 416.10 Td (outsourcing, ) Tj ET Q q 0 0 0 rg BT 314.03 416.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 364.20 416.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 402.98 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.14 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 427.77 416.10 Td (eb ) Tj ET Q q 0 0 0 rg BT 439.06 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.36 416.10 Td (application ) Tj ET Q q 0 0 0 rg BT 501.64 416.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 532.94 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.57 416.10 Td (meet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.80 404.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 107.94 404.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 133.29 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.21 404.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 185.11 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.13 404.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.70 404.10 Td (service ) Tj ET Q q 0 0 0 rg BT 270.60 404.10 Td (or) Tj ET Q q 0 0 0 rg BT 278.75 404.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 329.19 404.10 Td (W) Tj ET Q q 0 0 0 rg BT 337.83 404.10 Td (e ) Tj ET Q q 0 0 0 rg BT 344.85 404.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 381.87 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.23 404.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 423.70 404.10 Td (both ) Tj ET Q q 0 0 0 rg BT 444.06 404.10 Td (through ) Tj ET Q q 0 0 0 rg BT 477.75 404.10 Td (business ) Tj ET Q q 0 0 0 rg BT 514.23 404.10 Td (acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 392.10 Td (or) Tj ET Q q 0 0 0 rg BT 75.09 392.10 Td (ganically) Tj ET Q q 0 0 0 rg BT 111.09 392.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 368.53505859375 m 205.8251953125 368.53505859375 l s q 0 0 0 rg BT 50.00 370.10 Td (Offices ) Tj ET Q q 0 0 0 rg BT 82.49 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.11 370.10 Td (Geographic ) Tj ET Q q 0 0 0 rg BT 153.60 370.10 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 348.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 348.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.32 348.10 Td (has ) Tj ET Q q 0 0 0 rg BT 149.10 348.10 Td (its ) Tj ET Q q 0 0 0 rg BT 160.99 348.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 206.21 348.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 259.74 348.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.42 348.10 Td (Atlanta, ) Tj ET Q q 0 0 0 rg BT 303.80 348.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 323.61 348.10 Td (gia ) Tj ET Q q 0 0 0 rg BT 338.27 348.10 Td (with ) Tj ET Q q 0 0 0 rg BT 358.49 348.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.39 348.10 Td (international ) Tj ET Q q 0 0 0 rg BT 423.37 348.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 467.47 348.10 Td (being ) Tj ET Q q 0 0 0 rg BT 492.13 348.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 530.67 348.10 Td (from ) Tj ET Q q 0 0 0 rg BT 552.56 348.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 93.18 336.10 Td (of) Tj ET Q q 0 0 0 rg BT 101.33 336.10 Td (fices, ) Tj ET Q q 0 0 0 rg BT 125.34 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.41 336.10 Td (it ) Tj ET Q q 0 0 0 rg BT 150.60 336.10 Td (also ) Tj ET Q q 0 0 0 rg BT 169.34 336.10 Td (has ) Tj ET Q q 0 0 0 rg BT 185.31 336.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 224.04 336.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.33 336.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 314.85 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.70 336.10 Td (United ) Tj ET Q q 0 0 0 rg BT 359.55 336.10 Td (States ) Tj ET Q q 0 0 0 rg BT 386.07 336.10 Td (including ) Tj ET Q q 0 0 0 rg BT 426.48 336.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 472.15 336.10 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 506.17 336.10 Td (Pennsylvania, ) Tj ET Q q 0 0 0 rg BT 564.50 336.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 74.51 324.10 Td (V) Tj ET Q q 0 0 0 rg BT 81.13 324.10 Td (ir) Tj ET Q q 0 0 0 rg BT 87.06 324.10 Td (ginia, ) Tj ET Q q 0 0 0 rg BT 112.13 324.10 Td (T) Tj ET Q q 0 0 0 rg BT 117.54 324.10 Td (exas, ) Tj ET Q q 0 0 0 rg BT 140.58 324.10 Td (Ohio, ) Tj ET Q q 0 0 0 rg BT 165.85 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.06 324.10 Td (Connecticut; ) Tj ET Q q 0 0 0 rg BT 236.93 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.14 324.10 Td (international ) Tj ET Q q 0 0 0 rg BT 307.45 324.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 351.88 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.82 324.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 403.75 324.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 433.45 324.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 462.61 324.10 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 490.65 324.10 Td (New ) Tj ET Q q 0 0 0 rg BT 512.31 324.10 Td (Zealand, ) Tj ET Q q 0 0 0 rg BT 549.78 324.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.17 312.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 121.39 312.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 153.33 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.72 312.10 Td (India. ) Tj ET Q q 0 0 0 rg BT 194.71 312.10 Td (In ) Tj ET Q q 0 0 0 rg BT 204.99 312.10 Td (these ) Tj ET Q q 0 0 0 rg BT 227.49 312.10 Td (of) Tj ET Q q 0 0 0 rg BT 235.64 312.10 Td (fices, ) Tj ET Q q 0 0 0 rg BT 258.97 312.10 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 279.80 312.10 Td (employs ) Tj ET Q q 0 0 0 rg BT 315.64 312.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 355.90 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.29 312.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 418.68 312.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 473.39 312.10 Td (who ) Tj ET Q q 0 0 0 rg BT 492.57 312.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 525.06 312.10 Td (products, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.32 300.10 Td (support ) Tj ET Q q 0 0 0 rg BT 119.92 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.97 300.10 Td (consultancy ) Tj ET Q q 0 0 0 rg BT 187.34 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.73 300.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 240.34 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.28 300.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 294.44 300.10 Td (across ) Tj ET Q q 0 0 0 rg BT 322.03 300.10 Td (six ) Tj ET Q q 0 0 0 rg BT 336.31 300.10 Td (continents. ) Tj ET Q q 0 0 0 rg BT 382.34 300.10 Td (The ) Tj ET Q q 0 0 0 rg BT 400.49 300.10 Td (Company) Tj ET Q q 0 0 0 rg BT 442.16 300.10 Td (s ) Tj ET Q q 0 0 0 rg BT 448.66 300.10 Td (product ) Tj ET Q q 0 0 0 rg BT 481.81 300.10 Td (development ) Tj ET Q q 0 0 0 rg BT 536.07 300.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 554.24 300.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (India ) Tj ET Q q 0 0 0 rg BT 71.82 288.10 Td (has ) Tj ET Q q 0 0 0 rg BT 86.42 288.10 Td (been ) Tj ET Q q 0 0 0 rg BT 106.57 288.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 141.71 288.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 165.74 288.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 172.01 288.10 Td (status ) Tj ET Q q 0 0 0 rg BT 196.06 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.66 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.15 288.10 Td (Carnegie ) Tj ET Q q 0 0 0 rg BT 256.51 288.10 Td (Mellon ) Tj ET Q q 0 0 0 rg BT 286.67 288.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 324.04 288.10 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 374.18 288.10 Td (Institute) Tj ET Q q 0 0 0 rg BT 409.74 288.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.90 288.10 Td (Capability ) Tj ET Q q 0 0 0 rg BT 457.83 288.10 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 494.10 288.10 Td (Model ) Tj ET Q q 0 0 0 rg BT 521.48 288.10 Td (Integrated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (\(CMMI\),ISO ) Tj ET Q q 0 0 0 rg BT 108.06 276.10 Td (9001:2000 ) Tj ET Q q 0 0 0 rg BT 153.33 276.10 Td (certification, ) Tj ET Q q 0 0 0 rg BT 206.64 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.58 276.10 Td (ISO ) Tj ET Q q 0 0 0 rg BT 242.19 276.10 Td (2700 ) Tj ET Q q 0 0 0 rg BT 264.69 276.10 Td (security ) Tj ET Q q 0 0 0 rg BT 298.85 276.10 Td (certification.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 252.53505859375002 m 142.2216796875 252.53505859375002 l s q 0 0 0 rg BT 50.00 254.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.61 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.44 254.10 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.22 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.72 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.04 254.10 Td (Thr) Tj ET Q q 0 0 0 rg BT 173.53 254.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 184.91 254.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 220.19 254.10 Td (Ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.48 254.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 269.18 254.10 Td (ch31, ) Tj ET Q q 0 0 0 rg BT 296.68 254.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.68 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.18 254.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.80 254.10 Td (201) Tj ET Q q 0 0 0 rg BT 352.25 254.10 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.25 254.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 232.10 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 210.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.50 210.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.33 210.10 Td (derives ) Tj ET Q q 0 0 0 rg BT 166.16 210.10 Td (its ) Tj ET Q q 0 0 0 rg BT 178.56 210.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 217.05 210.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 257.21 210.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.60 210.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 331.44 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.83 210.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 395.65 210.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 414.70 210.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 458.19 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.92 210.10 Td (services ) Tj ET Q q 0 0 0 rg BT 504.08 210.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 544.23 210.10 Td (over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.63 198.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 111.57 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.19 198.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.92 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.82 198.10 Td (ASP) Tj ET Q q 0 0 0 rg BT 179.79 198.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.09 198.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 227.21 198.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 246.60 198.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.56 198.10 Td (business ) Tj ET Q q 0 0 0 rg BT 298.75 198.10 Td (process ) Tj ET Q q 0 0 0 rg BT 332.03 198.10 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 382.54 198.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 420.54 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.28 198.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 457.67 198.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.63 198.10 Td (software ) Tj ET Q q 0 0 0 rg BT 510.35 198.10 Td (development ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 84.21 186.10 Td (including ) Tj ET Q q 0 0 0 rg BT 124.54 186.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 168.18 186.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 186.84 186.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.05 186.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 247.77 186.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 315.59 186.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 351.74 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.74 186.10 Td (project ) Tj ET Q q 0 0 0 rg BT 399.05 186.10 Td (management ) Tj ET Q q 0 0 0 rg BT 452.70 186.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 490.80 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.13 186.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 544.23 186.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 86.38 174.10 Td (systems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 152.10 Td (Ebix) Tj ET Q q 0 0 0 rg BT 95.67 152.10 Td (s ) Tj ET Q q 0 0 0 rg BT 102.14 152.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 136.36 152.10 Td (streams ) Tj ET Q q 0 0 0 rg BT 169.49 152.10 Td (come ) Tj ET Q q 0 0 0 rg BT 193.72 152.10 Td (from ) Tj ET Q q 0 0 0 rg BT 215.74 152.10 Td (four ) Tj ET Q q 0 0 0 rg BT 234.98 152.10 Td (product ) Tj ET Q q 0 0 0 rg BT 268.11 152.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 308.17 152.10 Td (Presented ) Tj ET Q q 0 0 0 rg BT 349.63 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.99 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.78 152.10 Td (table ) Tj ET Q q 0 0 0 rg BT 396.80 152.10 Td (below ) Tj ET Q q 0 0 0 rg BT 423.81 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 433.06 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.86 152.10 Td (breakout ) Tj ET Q q 0 0 0 rg BT 485.42 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.33 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.24 152.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.36 152.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.82 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.65 140.10 Td (those ) Tj ET Q q 0 0 0 rg BT 105.25 140.10 Td (product ) Tj ET Q q 0 0 0 rg BT 138.30 140.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 175.79 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.95 140.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.66 140.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.65 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.15 140.10 Td (months ) Tj ET Q q 0 0 0 rg BT 259.10 140.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.47 140.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 329.07 140.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.07 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.57 140.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.51 140.10 Td (201) Tj ET Q q 0 0 0 rg BT 383.14 140.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.14 140.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 684.50 267.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 684.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 684.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 684.50 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 684.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.50 267.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 656.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 656.50 56.00 -14.00 re f /GS0 gs 0.8 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/F2 10.00 Tf ET q 0 0 0 rg BT 351.15 675.07 Td (4,754) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 675.07 Td (3,842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.07 Td (Business Process Outsourcing \(BPO\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.15 661.07 Td (3,571) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 661.07 Td (3,619) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 647.07 Td (Carrier Systems) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 647.07 Td (856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 647.07 Td (1,524) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 633.23 Td (Totals) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.00 633.23 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.15 633.23 Td (43,827) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 633.23 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.15 633.23 Td (40,050) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 608.00 Td (During ) Tj ET Q q 0 0 0 rg BT 104.62 608.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.12 608.00 Td (three ) Tj ET Q q 0 0 0 rg BT 141.40 608.00 Td (months ) Tj ET Q q 0 0 0 rg BT 173.13 608.00 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.30 608.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 242.68 608.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.68 608.00 Td ( ) Tj ET Q q 0 0 0 rg BT 264.97 608.00 Td (our ) Tj ET Q q 0 0 0 rg BT 280.59 608.00 Td (total ) Tj ET Q q 0 0 0 rg BT 300.65 608.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 340.70 608.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 378.52 608.00 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.57 608.00 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 438.35 608.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.24 608.00 Td ( ) Tj ET Q q 0 0 0 rg BT 469.53 608.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.15 608.00 Td (9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.48 608.00 Td (, ) Tj ET Q q 0 0 0 rg BT 498.27 608.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.33 608.00 Td ($43.8 ) Tj ET Q q 0 0 0 rg BT 533.12 608.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 608.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 596.00 Td (as ) Tj ET Q q 0 0 0 rg BT 60.95 596.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 103.00 596.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.40 596.00 Td ($40.1 ) Tj ET Q q 0 0 0 rg BT 138.53 596.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.42 596.00 Td ( ) Tj ET Q q 0 0 0 rg BT 170.04 596.00 Td (during ) Tj ET Q q 0 0 0 rg BT 198.77 596.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.61 596.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.72 596.00 Td ( ) Tj ET Q q 0 0 0 rg BT 232.35 596.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 263.28 596.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.24 596.00 Td (201) Tj ET Q q 0 0 0 rg BT 288.87 596.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.87 596.00 Td (. ) Tj ET Q q 0 0 0 rg BT 298.80 596.00 Td (This ) Tj ET Q q 0 0 0 rg BT 319.20 596.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 354.58 596.00 Td (is ) Tj ET Q q 0 0 0 rg BT 363.87 596.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.71 596.00 Td (result ) Tj ET Q q 0 0 0 rg BT 403.55 596.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.51 596.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 445.46 596.00 Td (in ) Tj ET Q q 0 0 0 rg BT 455.86 596.00 Td (our ) Tj ET Q q 0 0 0 rg BT 471.82 596.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 513.86 596.00 Td (channel ) Tj ET Q q 0 0 0 rg BT 547.58 596.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 584.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 76.69 584.00 Td (business ) Tj ET Q q 0 0 0 rg BT 112.85 584.00 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 165.39 584.00 Td ( ) Tj ET Q q 0 0 0 rg BT 167.65 584.00 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 187.42 584.00 Td (million ) Tj ET Q q 0 0 0 rg BT 218.57 584.00 Td (of ) Tj ET Q q 0 0 0 rg BT 229.17 584.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.20 584.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 307.00 584.00 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 349.81 584.00 Td (to ) Tj ET Q q 0 0 0 rg BT 359.85 584.00 Td (our ) Tj ET Q q 0 0 0 rg BT 375.45 584.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 421.60 584.00 Td (of ) Tj ET Q q 0 0 0 rg BT 431.69 584.00 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 464.51 584.00 Td (in ) Tj ET Q q 0 0 0 rg BT 474.56 584.00 Td (201) Tj ET Q q 0 0 0 rg BT 489.19 584.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 496.45 584.00 Td (were ) Tj ET Q q 0 0 0 rg BT 518.15 584.00 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 572.00 Td (since ) Tj ET Q q 0 0 0 rg BT 73.68 572.00 Td (its ) Tj ET Q q 0 0 0 rg BT 86.25 572.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 133.26 572.00 Td (on ) Tj ET Q q 0 0 0 rg BT 146.39 572.00 Td (February ) Tj ET Q q 0 0 0 rg BT 185.62 572.00 Td (7, ) Tj ET Q q 0 0 0 rg BT 196.25 572.00 Td (201) Tj ET Q q 0 0 0 rg BT 210.88 572.00 Td (1were ) Tj ET Q q 0 0 0 rg BT 238.44 572.00 Td (included ) Tj ET Q q 0 0 0 rg BT 276.00 572.00 Td (in ) Tj ET Q q 0 0 0 rg BT 286.91 572.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.25 572.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 349.96 572.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 388.63 572.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 425.07 572.00 Td (in ) Tj ET Q q 0 0 0 rg BT 435.98 572.00 Td (its ) Tj ET Q q 0 0 0 rg BT 448.55 572.00 Td (condensed ) Tj ET Q q 0 0 0 rg BT 493.89 572.00 Td (and ) Tj ET Q q 0 0 0 rg BT 511.46 572.00 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 560.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.14 560.00 Td (of ) Tj ET Q q 0 0 0 rg BT 100.29 560.00 Td (income ) Tj ET Q q 0 0 0 rg BT 131.55 560.00 Td (for ) Tj ET Q q 0 0 0 rg BT 145.03 560.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.07 560.00 Td (three ) Tj ET Q q 0 0 0 rg BT 180.87 560.00 Td (months ) Tj ET Q q 0 0 0 rg BT 212.14 560.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 237.84 560.00 Td (March ) Tj ET Q q 0 0 0 rg BT 265.76 560.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 280.08 560.00 Td (201) Tj ET Q q 0 0 0 rg BT 294.71 560.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 304.03 560.00 Td ( ) Tj ET Q q 0 0 0 rg BT 305.85 560.00 Td (Correspondingly ) Tj ET Q q 0 0 0 rg BT 374.89 560.00 Td (included ) Tj ET Q q 0 0 0 rg BT 411.15 560.00 Td (in ) Tj ET Q q 0 0 0 rg BT 420.75 560.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.79 560.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 481.19 560.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 518.54 560.00 Td (as ) Tj ET Q q 0 0 0 rg BT 528.70 560.00 Td (reported ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 548.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.72 548.00 Td (its ) Tj ET Q q 0 0 0 rg BT 73.10 548.00 Td (condensed ) Tj ET Q q 0 0 0 rg BT 118.24 548.00 Td (and ) Tj ET Q q 0 0 0 rg BT 135.62 548.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 189.10 548.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 230.36 548.00 Td (of ) Tj ET Q q 0 0 0 rg BT 241.62 548.00 Td (income ) Tj ET Q q 0 0 0 rg BT 273.99 548.00 Td (for ) Tj ET Q q 0 0 0 rg BT 288.59 548.00 Td (the ) Tj ET Q q 0 0 0 rg BT 303.75 548.00 Td (three ) Tj ET Q q 0 0 0 rg BT 326.67 548.00 Td (months ) Tj ET Q q 0 0 0 rg BT 359.05 548.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 385.87 548.00 Td (March ) Tj ET Q q 0 0 0 rg BT 414.90 548.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 430.34 548.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 453.28 548.00 Td (is ) Tj ET Q q 0 0 0 rg BT 462.88 548.00 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 483.32 548.00 Td (million ) Tj ET Q q 0 0 0 rg BT 515.15 548.00 Td (of ) Tj ET Q q 0 0 0 rg BT 525.77 548.00 Td (ADAM's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 536.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.24 536.00 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 128.62 536.00 Td (The ) Tj ET Q q 0 0 0 rg BT 147.64 536.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.01 536.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 231.81 536.00 Td (to ) Tj ET Q q 0 0 0 rg BT 243.07 536.00 Td (ef) Tj ET Q q 0 0 0 rg BT 250.66 536.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 289.12 536.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 326.46 536.00 Td (product ) Tj ET Q q 0 0 0 rg BT 360.48 536.00 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 414.51 536.00 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 470.76 536.00 Td (across ) Tj ET Q q 0 0 0 rg BT 499.23 536.00 Td (all ) Tj ET Q q 0 0 0 rg BT 512.71 536.00 Td (channels, ) Tj ET Q q 0 0 0 rg BT 553.67 536.00 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 524.00 Td (facilitated ) Tj ET Q q 0 0 0 rg BT 91.69 524.00 Td (by ) Tj ET Q q 0 0 0 rg BT 103.40 524.00 Td (our ) Tj ET Q q 0 0 0 rg BT 118.44 524.00 Td (business ) Tj ET Q q 0 0 0 rg BT 154.05 524.00 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 205.66 524.00 Td (Also ) Tj ET Q q 0 0 0 rg BT 226.26 524.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 261.29 524.00 Td (ef) Tj ET Q q 0 0 0 rg BT 268.88 524.00 Td (fecting ) Tj ET Q q 0 0 0 rg BT 298.36 524.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 333.39 524.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 370.64 524.00 Td (was ) Tj ET Q q 0 0 0 rg BT 387.90 524.00 Td (the ) Tj ET Q q 0 0 0 rg BT 401.83 524.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 430.76 524.00 Td (from ) Tj ET Q q 0 0 0 rg BT 451.91 524.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 500.83 524.00 Td (in ) Tj ET Q q 0 0 0 rg BT 510.32 524.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 524.00 Td (exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 512.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.44 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 82.33 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.11 512.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 128.55 512.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 172.20 512.00 Td (in ) Tj ET Q q 0 0 0 rg BT 182.54 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.32 512.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 236.54 512.00 Td (in ) Tj ET Q q 0 0 0 rg BT 246.88 512.00 Td (which ) Tj ET Q q 0 0 0 rg BT 273.89 512.00 Td (we ) Tj ET Q q 0 0 0 rg BT 288.11 512.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 322.33 512.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 369.05 512.00 Td ( ) Tj ET Q q 0 0 0 rg BT 371.61 512.00 Td (During ) Tj ET Q q 0 0 0 rg BT 402.50 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.29 512.00 Td (three ) Tj ET Q q 0 0 0 rg BT 439.83 512.00 Td (months ) Tj ET Q q 0 0 0 rg BT 471.85 512.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 498.29 512.00 Td (March ) Tj ET Q q 0 0 0 rg BT 526.95 512.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.01 512.00 Td (2012 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 500.00 Td (and ) Tj ET Q q 0 0 0 rg BT 67.45 500.00 Td (201) Tj ET Q q 0 0 0 rg BT 82.08 500.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 90.08 500.00 Td (the ) Tj ET Q q 0 0 0 rg BT 105.31 500.00 Td (change ) Tj ET Q q 0 0 0 rg BT 136.63 500.00 Td (in ) Tj ET Q q 0 0 0 rg BT 147.42 500.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 179.30 500.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 217.29 500.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 258.05 500.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 279.93 500.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 320.69 500.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 357.02 500.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 410.57 500.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 451.34 500.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 489.88 500.00 Td (by ) Tj ET Q q 0 0 0 rg BT 502.89 500.00 Td ($332 ) Tj ET Q q 0 0 0 rg BT 525.90 500.00 Td (thousand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 488.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 488.00 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 86.94 488.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 120.83 488.00 Td (respectfully) Tj ET Q q 0 0 0 rg BT 167.38 488.00 Td (. ) Tj ET Q q 0 0 0 rg BT 172.38 488.00 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 466.00 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.84 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 81.67 466.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 118.05 466.00 Td (Provided) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 444.00 Td (Costs ) Tj ET Q q 0 0 0 rg BT 102.38 444.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.85 444.00 Td (services ) Tj ET Q q 0 0 0 rg BT 155.21 444.00 Td (provided, ) Tj ET Q q 0 0 0 rg BT 199.40 444.00 Td (which ) Tj ET Q q 0 0 0 rg BT 229.98 444.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 269.46 444.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.60 444.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 342.84 444.00 Td (with ) Tj ET Q q 0 0 0 rg BT 366.77 444.00 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 425.94 444.00 Td (support, ) Tj ET Q q 0 0 0 rg BT 464.58 444.00 Td (call ) Tj ET Q q 0 0 0 rg BT 485.16 444.00 Td (center) Tj ET Q q 0 0 0 rg BT 509.19 444.00 Td (, ) Tj ET Q q 0 0 0 rg BT 517.83 444.00 Td (consulting, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 432.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.93 432.00 Td (and ) Tj ET Q q 0 0 0 rg BT 131.53 432.00 Td (training ) Tj ET Q q 0 0 0 rg BT 164.80 432.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 201.67 432.00 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.59 432.00 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 261.26 432.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.15 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 292.32 432.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.81 432.00 Td (24%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.14 432.00 Td (, ) Tj ET Q q 0 0 0 rg BT 325.81 432.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.41 432.00 Td ($7.3 ) Tj ET Q q 0 0 0 rg BT 367.08 432.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.97 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 398.13 432.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.08 432.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.46 432.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.57 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 440.73 432.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 471.22 432.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.71 432.00 Td (201) Tj ET Q q 0 0 0 rg BT 496.34 432.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.34 432.00 Td ( ) Tj ET Q q 0 0 0 rg BT 503.51 432.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 432.00 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 533.12 432.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 432.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 420.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 420.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.71 420.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.82 420.00 Td ( ) Tj ET Q q 0 0 0 rg BT 93.18 420.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 123.85 420.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.54 420.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.54 420.00 Td (. ) Tj ET Q q 0 0 0 rg BT 159.23 420.00 Td (This ) Tj ET Q q 0 0 0 rg BT 179.37 420.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 214.48 420.00 Td (is ) Tj ET Q q 0 0 0 rg BT 223.51 420.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 263.08 420.00 Td (due ) Tj ET Q q 0 0 0 rg BT 279.87 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 290.01 420.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.36 420.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 371.37 420.00 Td (support ) Tj ET Q q 0 0 0 rg BT 403.73 420.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 428.59 420.00 Td (personnel ) Tj ET Q q 0 0 0 rg BT 469.82 420.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 510.78 420.00 Td (and ) Tj ET Q q 0 0 0 rg BT 527.58 420.00 Td (facilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 408.00 Td (related ) Tj ET Q q 0 0 0 rg BT 79.33 408.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 101.45 408.00 Td (in ) Tj ET Q q 0 0 0 rg BT 111.35 408.00 Td (support ) Tj ET Q q 0 0 0 rg BT 143.48 408.00 Td (of ) Tj ET Q q 0 0 0 rg BT 153.93 408.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.81 408.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 227.58 408.00 Td (streams ) Tj ET Q q 0 0 0 rg BT 260.25 408.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 303.47 408.00 Td (with ) Tj ET Q q 0 0 0 rg BT 323.37 408.00 Td (business ) Tj ET Q q 0 0 0 rg BT 359.38 408.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 409.28 408.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 453.06 408.00 Td (during ) Tj ET Q q 0 0 0 rg BT 481.29 408.00 Td (201) Tj ET Q q 0 0 0 rg BT 495.92 408.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 505.54 408.00 Td (and ) Tj ET Q q 0 0 0 rg BT 522.10 408.00 Td (in ) Tj ET Q q 0 0 0 rg BT 532.01 408.00 Td (support ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 396.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 396.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 106.38 396.00 Td (in ) Tj ET Q q 0 0 0 rg BT 116.66 396.00 Td (our ) Tj ET Q q 0 0 0 rg BT 132.49 396.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 174.41 396.00 Td (channel.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 374.00 Td (Product ) Tj ET Q q 0 0 0 rg BT 85.28 374.00 Td (Development ) Tj ET Q q 0 0 0 rg BT 141.65 374.00 Td (expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 352.00 Td (The ) Tj ET Q q 0 0 0 rg BT 92.33 352.00 Td (Company) Tj ET Q q 0 0 0 rg BT 133.99 352.00 Td (s ) Tj ET Q q 0 0 0 rg BT 140.66 352.00 Td (product ) Tj ET Q q 0 0 0 rg BT 173.99 352.00 Td (development ) Tj ET Q q 0 0 0 rg BT 228.41 352.00 Td (ef) Tj ET Q q 0 0 0 rg BT 236.00 352.00 Td (forts ) Tj ET Q q 0 0 0 rg BT 257.11 352.00 Td (are ) Tj ET Q q 0 0 0 rg BT 272.10 352.00 Td (focused ) Tj ET Q q 0 0 0 rg BT 305.97 352.00 Td (on ) Tj ET Q q 0 0 0 rg BT 318.75 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 333.75 352.00 Td (development ) Tj ET Q q 0 0 0 rg BT 388.17 352.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.28 352.00 Td (new ) Tj ET Q q 0 0 0 rg BT 418.72 352.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.26 352.00 Td (technologies ) Tj ET Q q 0 0 0 rg BT 512.58 352.00 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 352.00 Td (services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.00 Td (for ) Tj ET Q q 0 0 0 rg BT 64.46 340.00 Td (use ) Tj ET Q q 0 0 0 rg BT 80.60 340.00 Td (by ) Tj ET Q q 0 0 0 rg BT 93.40 340.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 134.52 340.00 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 169.79 340.00 Td (brokers ) Tj ET Q q 0 0 0 rg BT 202.59 340.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.83 340.00 Td (agents, ) Tj ET Q q 0 0 0 rg BT 250.68 340.00 Td (and ) Tj ET Q q 0 0 0 rg BT 267.92 340.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.94 340.00 Td (development ) Tj ET Q q 0 0 0 rg BT 337.39 340.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.53 340.00 Td (new ) Tj ET Q q 0 0 0 rg BT 367.99 340.00 Td (data ) Tj ET Q q 0 0 0 rg BT 387.45 340.00 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 431.89 340.00 Td (for ) Tj ET Q q 0 0 0 rg BT 446.36 340.00 Td (use ) Tj ET Q q 0 0 0 rg BT 462.49 340.00 Td (in ) Tj ET Q q 0 0 0 rg BT 473.07 340.00 Td (both ) Tj ET Q q 0 0 0 rg BT 493.65 340.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.67 340.00 Td (domestic ) Tj ET Q q 0 0 0 rg BT 547.58 340.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.00 Td (international ) Tj ET Q q 0 0 0 rg BT 103.00 328.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 143.77 328.00 Td (and ) Tj ET Q q 0 0 0 rg BT 160.67 328.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.11 328.00 Td (services ) Tj ET Q q 0 0 0 rg BT 232.77 328.00 Td (industries. ) Tj ET Q q 0 0 0 rg BT 276.62 328.00 Td (Product ) Tj ET Q q 0 0 0 rg BT 310.18 328.00 Td (development ) Tj ET Q q 0 0 0 rg BT 364.29 328.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 402.85 328.00 Td (decreased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.72 328.00 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 464.68 328.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.57 328.00 Td ( ) Tj ET Q q 0 0 0 rg BT 496.03 328.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.82 328.00 Td (8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.15 328.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.61 328.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.50 328.00 Td ($4.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 81.51 316.00 Td (during ) Tj ET Q q 0 0 0 rg BT 110.24 316.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.08 316.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.19 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 143.81 316.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 174.75 316.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.70 316.00 Td (201) Tj ET Q q 0 0 0 rg BT 200.33 316.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.33 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 207.95 316.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.35 316.00 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 238.47 316.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.36 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 269.98 316.00 Td (during ) Tj ET Q q 0 0 0 rg BT 298.71 316.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.55 316.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.66 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 332.28 316.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.21 316.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.17 316.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.17 316.00 Td (. ) Tj ET Q q 0 0 0 rg BT 399.10 316.00 Td (This ) Tj ET Q q 0 0 0 rg BT 419.50 316.00 Td (modest ) Tj ET Q q 0 0 0 rg BT 451.00 316.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 488.04 316.00 Td (is ) Tj ET Q q 0 0 0 rg BT 497.33 316.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 537.16 316.00 Td (due ) Tj ET Q q 0 0 0 rg BT 554.22 316.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.00 Td (less ) Tj ET Q q 0 0 0 rg BT 67.50 304.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 106.11 304.00 Td (on ) Tj ET Q q 0 0 0 rg BT 118.61 304.00 Td (product ) Tj ET Q q 0 0 0 rg BT 151.66 304.00 Td (development ) Tj ET Q q 0 0 0 rg BT 205.81 304.00 Td (personnel ) Tj ET Q q 0 0 0 rg BT 247.18 304.00 Td (in ) Tj ET Q q 0 0 0 rg BT 257.46 304.00 Td (support ) Tj ET Q q 0 0 0 rg BT 289.96 304.00 Td (of ) Tj ET Q q 0 0 0 rg BT 300.79 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.51 304.00 Td (Carrier ) Tj ET Q q 0 0 0 rg BT 346.32 304.00 Td (Systems ) Tj ET Q q 0 0 0 rg BT 382.16 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 399.10 304.00 Td (BPO ) Tj ET Q q 0 0 0 rg BT 421.05 304.00 Td (channels. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.00 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 282.00 Td (Sales ) Tj ET Q q 0 0 0 rg BT 76.67 282.00 Td (and ) Tj ET Q q 0 0 0 rg BT 94.73 282.00 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 140.57 282.00 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 260.00 Td (Sales ) Tj ET Q q 0 0 0 rg BT 97.62 260.00 Td (and ) Tj ET Q q 0 0 0 rg BT 114.56 260.00 Td (marketing ) Tj ET Q q 0 0 0 rg BT 157.61 260.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 196.22 260.00 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.48 260.00 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 256.49 260.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.38 260.00 Td ( ) Tj ET Q q 0 0 0 rg BT 287.88 260.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.72 260.00 Td (34%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.05 260.00 Td (, ) Tj ET Q q 0 0 0 rg BT 322.06 260.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.00 260.00 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 364.01 260.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.90 260.00 Td ( ) Tj ET Q q 0 0 0 rg BT 395.41 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 405.70 260.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.42 260.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.53 260.00 Td ( ) Tj ET Q q 0 0 0 rg BT 439.04 260.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 469.86 260.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.70 260.00 Td (201) Tj ET Q q 0 0 0 rg BT 495.33 260.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.33 260.00 Td ( ) Tj ET Q q 0 0 0 rg BT 502.83 260.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.12 260.00 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 533.13 260.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 260.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 248.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.37 248.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.18 248.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.29 248.00 Td ( ) Tj ET Q q 0 0 0 rg BT 93.89 248.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 124.80 248.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.72 248.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.72 248.00 Td (. ) Tj ET Q q 0 0 0 rg BT 160.63 248.00 Td (This ) Tj ET Q q 0 0 0 rg BT 181.00 248.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 216.35 248.00 Td (is ) Tj ET Q q 0 0 0 rg BT 225.61 248.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.42 248.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 313.55 248.00 Td (to ) Tj ET Q q 0 0 0 rg BT 323.92 248.00 Td (personnel ) Tj ET Q q 0 0 0 rg BT 365.39 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 382.43 248.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 413.34 248.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 435.93 248.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 479.62 248.00 Td (with ) Tj ET Q q 0 0 0 rg BT 500.00 248.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 542.58 248.00 Td (sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 236.00 Td (personnel ) Tj ET Q q 0 0 0 rg BT 91.38 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 101.66 236.00 Td (support ) Tj ET Q q 0 0 0 rg BT 134.16 236.00 Td (of ) Tj ET Q q 0 0 0 rg BT 144.99 236.00 Td (our ) Tj ET Q q 0 0 0 rg BT 160.82 236.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 202.74 236.00 Td (channels.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 214.00 Td (General ) Tj ET Q q 0 0 0 rg BT 85.83 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 103.52 214.00 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.58 214.00 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 192.00 Td (General ) Tj ET Q q 0 0 0 rg BT 108.72 192.00 Td (and ) Tj ET Q q 0 0 0 rg BT 126.24 192.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 186.52 192.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 225.70 192.00 Td (\(G&A\) ) Tj ET Q q 0 0 0 rg BT 266.54 192.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 309.03 192.00 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.11 192.00 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 337.68 192.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.58 192.00 Td ( ) Tj ET Q q 0 0 0 rg BT 369.65 192.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.06 192.00 Td (17%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.39 192.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.47 192.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.98 192.00 Td ($7.8 ) Tj ET Q q 0 0 0 rg BT 445.56 192.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.45 192.00 Td (in ) Tj ET Q q 0 0 0 rg BT 487.81 192.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.10 192.00 Td (first ) Tj ET Q q 0 0 0 rg BT 522.29 192.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 553.68 192.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 180.00 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 180.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 71.76 180.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.68 180.00 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 101.31 180.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.20 180.00 Td ( ) Tj ET Q q 0 0 0 rg BT 132.34 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 142.25 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 156.61 180.00 Td (first ) Tj ET Q q 0 0 0 rg BT 174.85 180.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 205.30 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 215.77 180.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 240.40 180.00 Td ( ) Tj ET Q q 0 0 0 rg BT 242.54 180.00 Td (Included ) Tj ET Q q 0 0 0 rg BT 279.66 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 289.57 180.00 Td (this ) Tj ET Q q 0 0 0 rg BT 306.15 180.00 Td (quarter's ) Tj ET Q q 0 0 0 rg BT 342.30 180.00 Td (G&A) Tj ET Q q 0 0 0 rg BT 363.97 180.00 Td ( ) Tj ET Q q 0 0 0 rg BT 366.10 180.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.24 180.00 Td (is ) Tj ET Q q 0 0 0 rg BT 397.04 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 411.40 180.00 Td (net ) Tj ET Q q 0 0 0 rg BT 425.75 180.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 455.65 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 465.56 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.91 180.00 Td (approximate ) Tj ET Q q 0 0 0 rg BT 532.03 180.00 Td (amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 168.00 Td ($971 ) Tj ET Q q 0 0 0 rg BT 83.99 168.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 122.93 168.00 Td (related ) Tj ET Q q 0 0 0 rg BT 152.96 168.00 Td (to ) Tj ET Q q 0 0 0 rg BT 163.57 168.00 Td (a ) Tj ET Q q 0 0 0 rg BT 170.83 168.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 219.76 168.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 234.80 168.00 Td (received ) Tj ET Q q 0 0 0 rg BT 271.49 168.00 Td (by ) Tj ET Q q 0 0 0 rg BT 284.32 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 299.37 168.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 341.08 168.00 Td (in ) Tj ET Q q 0 0 0 rg BT 351.69 168.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 398.39 168.00 Td (with ) Tj ET Q q 0 0 0 rg BT 419.00 168.00 Td (a ) Tj ET Q q 0 0 0 rg BT 426.27 168.00 Td (failed ) Tj ET Q q 0 0 0 rg BT 451.86 168.00 Td (business ) Tj ET Q q 0 0 0 rg BT 488.58 168.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 535.30 168.00 Td (\(net ) Tj ET Q q 0 0 0 rg BT 553.67 168.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.11 156.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 128.56 156.00 Td (related ) Tj ET Q q 0 0 0 rg BT 158.66 156.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 192.11 156.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 232.77 156.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.67 156.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 291.89 156.00 Td (by ) Tj ET Q q 0 0 0 rg BT 304.79 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 319.91 156.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.70 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 379.04 156.00 Td (a ) Tj ET Q q 0 0 0 rg BT 386.38 156.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 418.17 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.40 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.52 156.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 459.63 156.00 Td (that ) Tj ET Q q 0 0 0 rg BT 477.52 156.00 Td (had ) Tj ET Q q 0 0 0 rg BT 494.87 156.00 Td (to ) Tj ET Q q 0 0 0 rg BT 505.55 156.00 Td (be ) Tj ET Q q 0 0 0 rg BT 517.89 156.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 538.00 156.00 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 156.00 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 95.94 144.00 Td (banker\). ) Tj ET Q q 0 0 0 rg BT 131.04 144.00 Td (Partially ) Tj ET Q q 0 0 0 rg BT 166.98 144.00 Td (of) Tj ET Q q 0 0 0 rg BT 175.13 144.00 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 207.18 144.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.46 144.00 Td (net ) Tj ET Q q 0 0 0 rg BT 235.74 144.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 265.56 144.00 Td (from ) Tj ET Q q 0 0 0 rg BT 287.06 144.00 Td (the ) Tj ET Q q 0 0 0 rg BT 301.33 144.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 347.28 144.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 395.43 144.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 409.70 144.00 Td (was ) Tj ET Q q 0 0 0 rg BT 427.31 144.00 Td (a ) Tj ET Q q 0 0 0 rg BT 433.81 144.00 Td ($255 ) Tj ET Q q 0 0 0 rg BT 455.87 144.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 494.04 144.00 Td (bad ) Tj ET Q q 0 0 0 rg BT 510.54 144.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 529.81 144.00 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 132.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 78.96 132.00 Td (necessary ) Tj ET Q q 0 0 0 rg BT 120.33 132.00 Td (to ) Tj ET Q q 0 0 0 rg BT 130.61 132.00 Td (adequately ) Tj ET Q q 0 0 0 rg BT 176.42 132.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 211.67 132.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.39 132.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 273.47 132.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 316.50 132.00 Td (for ) Tj ET Q q 0 0 0 rg BT 330.66 132.00 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 367.05 132.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 404.54 132.00 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 450.62 132.00 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 110.00 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 106.41 110.00 Td (and ) Tj ET Q q 0 0 0 rg BT 124.47 110.00 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 180.29 110.00 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 88.00 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 130.14 88.00 Td (and ) Tj ET Q q 0 0 0 rg BT 147.39 88.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 199.63 88.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 238.55 88.00 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.12 88.00 Td ($64 ) Tj ET Q q 0 0 0 rg BT 296.93 88.00 Td (thousand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.04 88.00 Td ( ) Tj ET Q q 0 0 0 rg BT 335.86 88.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.01 88.00 Td (3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.34 88.00 Td (, ) Tj ET Q q 0 0 0 rg BT 365.66 88.00 Td (from ) Tj ET Q q 0 0 0 rg BT 387.91 88.00 Td ($1.88 ) Tj ET Q q 0 0 0 rg BT 413.23 88.00 Td (million ) Tj ET Q q 0 0 0 rg BT 444.94 88.00 Td (in ) Tj ET Q q 0 0 0 rg BT 455.53 88.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.57 88.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.68 88.00 Td ( ) Tj ET Q q 0 0 0 rg BT 489.49 88.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 520.63 88.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.77 88.00 Td (201) Tj ET Q q 0 0 0 rg BT 546.40 88.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.40 88.00 Td ( ) Tj ET Q q 0 0 0 rg BT 554.22 88.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.00 Td ($1.94 ) Tj ET Q q 0 0 0 rg BT 74.99 76.00 Td (million ) Tj ET Q q 0 0 0 rg BT 106.38 76.00 Td (in ) Tj ET Q q 0 0 0 rg BT 116.65 76.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.35 76.00 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.46 76.00 Td ( ) Tj ET Q q 0 0 0 rg BT 149.95 76.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 180.76 76.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.58 76.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.58 76.00 Td (. ) Tj ET Q q 0 0 0 rg BT 216.39 76.00 Td (This ) Tj ET Q q 0 0 0 rg BT 236.66 76.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 271.91 76.00 Td (is ) Tj ET Q q 0 0 0 rg BT 281.07 76.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 320.77 76.00 Td (due ) Tj ET Q q 0 0 0 rg BT 337.71 76.00 Td (to ) Tj ET Q q 0 0 0 rg BT 347.98 76.00 Td ($71 ) Tj ET Q q 0 0 0 rg BT 365.47 76.00 Td (thousand ) Tj ET Q q 0 0 0 rg BT 404.07 76.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.89 76.00 Td ( ) Tj ET Q q 0 0 0 rg BT 417.38 76.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 469.29 76.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 507.88 76.00 Td (in ) Tj ET Q q 0 0 0 rg BT 518.15 76.00 Td (connection ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 64.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 114.99 64.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.49 64.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 181.08 64.00 Td (with ) Tj ET Q q 0 0 0 rg BT 201.36 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 216.08 64.00 Td (expansion ) Tj ET Q q 0 0 0 rg BT 259.13 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 269.96 64.00 Td (our ) Tj ET Q q 0 0 0 rg BT 285.79 64.00 Td (data ) Tj ET Q q 0 0 0 rg BT 304.94 64.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 345.20 64.00 Td (networks ) Tj ET Q q 0 0 0 rg BT 384.36 64.00 Td (and ) Tj ET Q q 0 0 0 rg BT 401.29 64.00 Td (facilities.) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 742.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 55.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 742.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 91.11 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.30 742.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 720.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.74 720.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.81 720.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 178.86 720.10 Td (income ) Tj ET Q q 0 0 0 rg BT 210.49 720.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.89 720.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 259.29 720.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.81 720.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 289.50 720.10 Td (million ) Tj ET Q q 0 0 0 rg BT 320.58 720.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.42 720.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.83 720.10 Td (three ) Tj ET Q q 0 0 0 rg BT 371.00 720.10 Td (months ) Tj ET Q q 0 0 0 rg BT 402.64 720.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.71 720.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 472.00 720.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 720.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.68 720.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.72 720.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.45 720.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 720.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 81.77 708.10 Td (period ) Tj ET Q q 0 0 0 rg BT 110.21 708.10 Td (income ) Tj ET Q q 0 0 0 rg BT 142.54 708.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 157.65 708.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 202.21 708.10 Td (are ) Tj ET Q q 0 0 0 rg BT 217.31 708.10 Td (based ) Tj ET Q q 0 0 0 rg BT 242.97 708.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.86 708.10 Td (an ) Tj ET Q q 0 0 0 rg BT 268.19 708.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 304.40 708.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.63 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.74 708.10 Td (ef) Tj ET Q q 0 0 0 rg BT 338.32 708.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 368.42 708.10 Td (income ) Tj ET Q q 0 0 0 rg BT 400.74 708.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.85 708.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.73 708.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.15 708.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.82 708.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.15 708.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 539.14 708.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 708.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 108.81 696.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 137.08 696.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 166.73 696.10 Td (after ) Tj ET Q q 0 0 0 rg BT 186.65 696.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 233.80 696.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 266.50 696.10 Td (items ) Tj ET Q q 0 0 0 rg BT 289.78 696.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 318.60 696.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 696.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.81 696.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 383.95 696.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 414.43 696.10 Td (period ) Tj ET Q q 0 0 0 rg BT 441.59 696.10 Td (being ) Tj ET Q q 0 0 0 rg BT 465.41 696.10 Td (reported. ) Tj ET Q q 0 0 0 rg BT 502.83 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.32 696.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.48 696.10 Td (calculated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.35 684.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 121.04 684.10 Td (ef) Tj ET Q q 0 0 0 rg BT 128.63 684.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 158.87 684.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 174.12 684.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 192.14 684.10 Td (used ) Tj ET Q q 0 0 0 rg BT 213.51 684.10 Td (by ) Tj ET Q q 0 0 0 rg BT 226.54 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.79 684.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.71 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.53 684.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 337.54 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.79 684.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 384.71 684.10 Td (income ) Tj ET Q q 0 0 0 rg BT 417.18 684.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.43 684.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 473.24 684.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.94 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.19 684.10 Td (first ) Tj ET Q q 0 0 0 rg BT 522.33 684.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 553.68 684.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 73.06 672.10 Td (was ) Tj ET Q q 0 0 0 rg BT 91.68 672.10 Td (12.52% ) Tj ET Q q 0 0 0 rg BT 125.57 672.10 Td (as ) Tj ET Q q 0 0 0 rg BT 136.97 672.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 179.46 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.30 672.10 Td (9.38% ) Tj ET Q q 0 0 0 rg BT 219.19 672.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.92 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.20 672.10 Td (same ) Tj ET Q q 0 0 0 rg BT 272.81 672.10 Td (period ) Tj ET Q q 0 0 0 rg BT 301.42 672.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.26 672.10 Td (201) Tj ET Q q 0 0 0 rg BT 326.89 672.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.89 672.10 Td (. ) Tj ET Q q 0 0 0 rg BT 337.45 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.30 672.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.91 672.10 Td (ef) Tj ET Q q 0 0 0 rg BT 366.50 672.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 396.76 672.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 414.81 672.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 455.63 672.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 495.90 672.10 Td (due ) Tj ET Q q 0 0 0 rg BT 513.41 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 672.10 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 81.37 660.10 Td (income ) Tj ET Q q 0 0 0 rg BT 113.31 660.10 Td (from ) Tj ET Q q 0 0 0 rg BT 135.24 660.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 187.19 660.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.47 660.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 235.51 660.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 250.23 660.10 Td (rates.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 548.53505859375 m 236.2451171875 548.53505859375 l s q 0 0 0 rg BT 50.00 550.10 Td (Dividends, ) Tj ET Q q 0 0 0 rg BT 97.79 550.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 140.31 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.94 550.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 193.11 550.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 223.48 550.10 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 528.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.50 528.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 140.03 528.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 168.54 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.27 528.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 216.08 528.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 261.25 528.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 281.97 528.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 307.15 528.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.54 528.10 Td (its ) Tj ET Q q 0 0 0 rg BT 341.94 528.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 377.67 528.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 418.39 528.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.44 528.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.06 528.10 Td (one ) Tj ET Q q 0 0 0 rg BT 484.45 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.74 528.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.02 528.10 Td (fundamental ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.43 516.10 Td (strengths. ) Tj ET Q q 0 0 0 rg BT 130.49 516.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 149.49 516.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 188.49 516.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 221.93 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.71 516.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 271.05 516.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.71 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 516.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.60 516.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 349.27 516.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 388.27 516.10 Td (by ) Tj ET Q q 0 0 0 rg BT 401.72 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.39 516.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 465.42 516.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.63 516.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 548.68 516.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.85 504.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 134.72 504.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.14 504.10 Td (facility) Tj ET Q q 0 0 0 rg BT 187.81 504.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.96 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.06 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.48 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.57 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.99 504.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 316.19 504.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.84 504.10 Td (hand. ) Tj ET Q q 0 0 0 rg BT 353.44 504.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 372.75 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.18 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.05 504.10 Td (ef) Tj ET Q q 0 0 0 rg BT 405.64 504.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 423.28 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.26 504.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 478.01 504.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.99 504.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 517.76 504.10 Td (dif) Tj ET Q q 0 0 0 rg BT 528.69 504.10 Td (ferences ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 88.33 492.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.11 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.67 492.10 Td (dif) Tj ET Q q 0 0 0 rg BT 137.59 492.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 164.81 492.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 205.91 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.58 492.10 Td (items ) Tj ET Q q 0 0 0 rg BT 242.58 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.58 492.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 273.14 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.91 492.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 338.12 492.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 377.01 492.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 421.46 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.01 492.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 478.11 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.78 492.10 Td (net ) Tj ET Q q 0 0 0 rg BT 505.33 492.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 546.44 492.10 Td (loss ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 108.84 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.04 480.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 167.69 480.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 212.65 480.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 227.62 480.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 274.83 480.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.37 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 480.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 320.89 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.09 480.10 Td (India\), ) Tj ET Q q 0 0 0 rg BT 367.22 480.10 Td (future ) Tj ET Q q 0 0 0 rg BT 393.86 480.10 Td (income ) Tj ET Q q 0 0 0 rg BT 426.05 480.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.03 480.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 476.00 480.10 Td (is ) Tj ET Q q 0 0 0 rg BT 485.43 480.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 523.72 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.26 480.10 Td (exceed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.43 468.10 Td (outlays ) Tj ET Q q 0 0 0 rg BT 101.97 468.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.29 468.10 Td (income ) Tj ET Q q 0 0 0 rg BT 148.38 468.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 173.89 468.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.53 468.10 Td (e ) Tj ET Q q 0 0 0 rg BT 189.63 468.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 217.28 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.71 468.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 255.36 468.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.79 468.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 300.67 468.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 342.19 468.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.85 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.83 468.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 417.65 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.08 468.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 480.73 468.10 Td (with ) Tj ET Q q 0 0 0 rg BT 501.17 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.15 468.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.25 468.10 Td (credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 456.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.89 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.06 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.00 456.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 146.50 456.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 182.10 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.15 456.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 233.87 456.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 260.59 456.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.64 456.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 289.58 456.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 331.57 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.07 456.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 361.12 456.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 389.50 456.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 442.31 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.48 456.10 Td (or) Tj ET Q q 0 0 0 rg BT 466.63 456.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 490.00 456.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 520.06 456.10 Td (initiatives, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.78 444.10 Td (make ) Tj ET Q q 0 0 0 rg BT 85.43 444.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 122.30 444.10 Td (business ) Tj ET Q q 0 0 0 rg BT 159.19 444.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 209.96 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.73 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.95 444.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 277.26 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.69 444.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.67 444.10 Td (services ) Tj ET Q q 0 0 0 rg BT 367.88 444.10 Td (sector) Tj ET Q q 0 0 0 rg BT 391.35 444.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.85 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.28 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.06 444.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 471.36 444.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.35 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.68 444.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.00 444.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.61 432.10 Td (as ) Tj ET Q q 0 0 0 rg BT 84.44 432.10 Td (market ) Tj ET Q q 0 0 0 rg BT 114.70 432.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 158.87 432.10 Td (warrant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 410.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 410.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.71 410.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 127.34 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.75 410.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 163.37 410.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 182.77 410.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 206.63 410.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 247.13 410.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.76 410.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.72 410.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 308.13 410.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.53 410.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 387.76 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.17 410.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 448.80 410.10 Td (with ) Tj ET Q q 0 0 0 rg BT 468.21 410.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.17 410.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 532.00 410.10 Td (lending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 398.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.03 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.33 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.41 398.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 147.06 398.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 182.80 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.99 398.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 234.84 398.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 261.70 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.89 398.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 290.97 398.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 330.60 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.24 398.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 360.43 398.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 388.95 398.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 441.90 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.20 398.10 Td (or) Tj ET Q q 0 0 0 rg BT 466.35 398.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 489.87 398.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 520.06 398.10 Td (initiatives, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.73 386.10 Td (make ) Tj ET Q q 0 0 0 rg BT 83.34 386.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 119.17 386.10 Td (business ) Tj ET Q q 0 0 0 rg BT 155.02 386.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 207.24 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.98 386.10 Td (retire ) Tj ET Q q 0 0 0 rg BT 240.02 386.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 288.64 386.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 344.75 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.15 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.88 386.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 406.17 386.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 451.44 386.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.38 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.66 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.95 386.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.90 386.10 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 374.10 Td (market ) Tj ET Q q 0 0 0 rg BT 91.09 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.03 374.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 148.30 374.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 192.46 374.10 Td (warrant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 350.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.33 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.55 350.10 Td (4th ) Tj ET Q q 0 0 0 rg BT 125.33 350.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.65 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.98 350.10 Td (201) Tj ET Q q 0 0 0 rg BT 180.61 350.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 187.61 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.83 350.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.72 350.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 261.94 350.10 Td (its ) Tj ET Q q 0 0 0 rg BT 273.39 350.10 Td (first ) Tj ET Q q 0 0 0 rg BT 291.50 350.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 329.59 350.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 366.59 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.37 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.59 350.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 422.59 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.92 350.10 Td ($0.04 ) Tj ET Q q 0 0 0 rg BT 457.42 350.10 Td (per ) Tj ET Q q 0 0 0 rg BT 472.19 350.10 Td (common ) Tj ET Q q 0 0 0 rg BT 509.19 350.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 534.79 350.10 Td (paying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 70.31 338.10 Td (million ) Tj ET Q q 0 0 0 rg BT 102.01 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.60 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.63 338.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 169.31 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.90 338.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 212.14 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.73 338.10 Td (this ) Tj ET Q q 0 0 0 rg BT 239.99 338.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 277.79 338.10 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 316.78 338.10 Td (This ) Tj ET Q q 0 0 0 rg BT 337.37 338.10 Td (same ) Tj ET Q q 0 0 0 rg BT 360.73 338.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 399.63 338.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 437.44 338.10 Td (per ) Tj ET Q q 0 0 0 rg BT 453.02 338.10 Td (share ) Tj ET Q q 0 0 0 rg BT 476.93 338.10 Td (was ) Tj ET Q q 0 0 0 rg BT 495.29 338.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 515.32 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.91 338.10 Td (February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 74.62 326.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.45 326.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 129.73 326.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 146.99 326.10 Td (was ) Tj ET Q q 0 0 0 rg BT 164.83 326.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 204.86 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.93 326.10 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 239.71 326.10 Td (ef) Tj ET Q q 0 0 0 rg BT 247.30 326.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 276.78 326.10 Td (with ) Tj ET Q q 0 0 0 rg BT 296.84 326.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 334.12 326.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 370.84 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.90 326.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.62 326.10 Td (made ) Tj ET Q q 0 0 0 rg BT 416.56 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.62 326.10 Td (May ) Tj ET Q q 0 0 0 rg BT 447.23 326.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 472.01 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.13 326.10 Td (The ) Tj ET Q q 0 0 0 rg BT 491.96 326.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.13 326.10 Td (intends ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.31 314.10 Td (use ) Tj ET Q q 0 0 0 rg BT 78.18 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.16 314.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 118.58 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.45 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 143.43 314.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 184.73 314.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.04 314.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 231.80 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.11 314.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 281.08 314.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 312.96 314.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 355.38 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.70 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 379.68 314.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 433.75 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.07 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.82 314.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 509.88 314.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 539.79 314.10 Td (while ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 93.29 302.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 134.36 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.89 302.10 Td (using ) Tj ET Q q 0 0 0 rg BT 169.31 302.10 Td (most ) Tj ET Q q 0 0 0 rg BT 191.51 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.59 302.10 Td (its ) Tj ET Q q 0 0 0 rg BT 214.79 302.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 235.31 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.84 302.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 282.45 302.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 338.52 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.05 302.10 Td (future ) Tj ET Q q 0 0 0 rg BT 375.68 302.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 412.31 302.10 Td (by ) Tj ET Q q 0 0 0 rg BT 425.06 302.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 458.92 302.10 Td (or) Tj ET Q q 0 0 0 rg BT 467.07 302.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 491.48 302.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 522.56 302.10 Td (initiatives ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 290.10 Td (accretive ) Tj ET Q q 0 0 0 rg BT 105.52 290.10 Td (business ) Tj ET Q q 0 0 0 rg BT 141.91 290.10 Td (acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 268.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 268.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.52 268.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.83 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.26 268.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 184.57 268.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.78 268.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 229.44 268.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 267.43 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.87 268.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.64 268.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.85 268.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 376.88 268.10 Td (together ) Tj ET Q q 0 0 0 rg BT 412.09 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.31 268.10 Td (current ) Tj ET Q q 0 0 0 rg BT 463.06 268.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 483.27 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.15 268.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 520.36 268.10 Td (equivalent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.28 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.58 256.10 Td (access ) Tj ET Q q 0 0 0 rg BT 129.98 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.62 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.81 256.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.43 256.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 215.72 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.02 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.10 256.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 274.61 256.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 310.63 256.10 Td (if ) Tj ET Q q 0 0 0 rg BT 318.59 256.10 Td (required ) Tj ET Q q 0 0 0 rg BT 353.77 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.07 256.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 410.52 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.93 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 439.23 256.10 Td (suf) Tj ET Q q 0 0 0 rg BT 451.27 256.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 478.68 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.32 256.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 509.61 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.80 256.10 Td (projected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.81 244.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 124.06 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.76 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.02 244.10 Td (next ) Tj ET Q q 0 0 0 rg BT 171.28 244.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 199.97 244.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 233.97 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.45 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 244.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 312.27 244.10 Td (future ) Tj ET Q q 0 0 0 rg BT 338.19 244.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 376.09 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.63 244.10 Td (although ) Tj ET Q q 0 0 0 rg BT 417.67 244.10 Td (any ) Tj ET Q q 0 0 0 rg BT 434.15 244.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 480.63 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.00 244.10 Td (future ) Tj ET Q q 0 0 0 rg BT 516.92 244.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 536.73 244.10 Td (needs, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.48 232.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 97.92 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.07 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.00 232.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 170.48 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.52 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.45 232.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.82 232.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 260.18 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.67 232.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 305.31 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.35 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.84 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.77 232.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 389.47 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.51 232.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 420.44 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.59 232.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 465.30 232.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 508.28 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.20 232.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.23 232.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 94.98 220.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 139.31 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.02 220.10 Td (In ) Tj ET Q q 0 0 0 rg BT 154.56 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.98 220.10 Td (event ) Tj ET Q q 0 0 0 rg BT 192.84 220.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 235.04 220.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 271.14 220.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 296.11 220.10 Td (arise, ) Tj ET Q q 0 0 0 rg BT 319.70 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.56 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 352.99 220.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 374.07 220.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 398.50 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 420.15 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.79 220.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 478.99 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.53 220.10 Td (sources, ) Tj ET Q q 0 0 0 rg BT 524.22 220.10 Td (including ) Tj ET Q BT /F2 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 65.22 208.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 103.21 208.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 140.09 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.42 208.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 171.64 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.97 208.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 210.97 208.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 254.24 208.10 Td (However) Tj ET Q q 0 0 0 rg BT 290.49 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.99 208.10 Td (there ) Tj ET Q q 0 0 0 rg BT 318.97 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 334.18 208.10 Td (no ) Tj ET Q q 0 0 0 rg BT 347.19 208.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 392.95 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.94 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 432.28 208.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 473.04 208.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 510.47 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 521.80 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 208.10 Td (equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 196.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 113.31 196.10 Td (will ) Tj ET Q q 0 0 0 rg BT 131.36 196.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.30 196.10 Td (available ) Tj ET Q q 0 0 0 rg BT 181.89 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.17 196.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 228.55 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.38 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.88 196.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 276.60 196.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 321.29 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.57 196.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 345.46 196.10 Td (if ) Tj ET Q q 0 0 0 rg BT 354.07 196.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.78 196.10 Td (all.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 174.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 174.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.23 174.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 125.81 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.75 174.10 Td (strategically ) Tj ET Q q 0 0 0 rg BT 186.76 174.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 222.23 174.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.71 174.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 265.41 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.34 174.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 291.38 174.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 333.53 174.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 360.67 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.16 174.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 390.53 174.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 432.94 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.87 174.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 473.90 174.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 507.72 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.20 174.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 545.35 174.10 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.12 162.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 109.91 162.10 Td (from ) Tj ET Q q 0 0 0 rg BT 130.70 162.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 160.94 162.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.07 162.10 Td (order ) Tj ET Q q 0 0 0 rg BT 192.53 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.67 162.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 244.68 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.37 162.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.70 162.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 331.69 162.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.33 162.10 Td (e ) Tj ET Q q 0 0 0 rg BT 346.12 162.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 383.57 162.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 418.24 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.93 162.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 468.18 162.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 524.24 162.10 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.83 150.10 Td (need ) Tj ET Q q 0 0 0 rg BT 86.31 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.58 150.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 143.18 150.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 163.01 150.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.95 150.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.56 150.10 Td (of) Tj ET Q q 0 0 0 rg BT 209.70 150.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 242.58 150.10 Td (when ) Tj ET Q q 0 0 0 rg BT 266.85 150.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 316.12 150.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 353.72 150.10 Td (business ) Tj ET Q q 0 0 0 rg BT 390.22 150.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 443.10 150.10 Td (development ) Tj ET Q q 0 0 0 rg BT 497.36 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.30 150.10 Td (new ) Tj ET Q q 0 0 0 rg BT 527.57 150.10 Td (products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 138.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 98.04 138.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.87 138.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 158.56 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.39 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.22 138.10 Td (common ) Tj ET Q q 0 0 0 rg BT 222.72 138.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 116.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.27 116.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 110.75 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.90 116.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.39 116.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 193.65 116.10 Td (were ) Tj ET Q q 0 0 0 rg BT 214.79 116.10 Td ($37.1 ) Tj ET Q q 0 0 0 rg BT 239.01 116.10 Td (million ) Tj ET Q q 0 0 0 rg BT 269.61 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.77 116.10 Td ($23.7 ) Tj ET Q q 0 0 0 rg BT 309.98 116.10 Td (million ) Tj ET Q q 0 0 0 rg BT 340.59 116.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.52 116.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 392.33 116.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.33 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.05 116.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.20 116.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 488.00 116.10 Td (201) Tj ET Q q 0 0 0 rg BT 502.63 116.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.63 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.85 116.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 116.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.94 104.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.09 104.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 119.02 104.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.02 104.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.34 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.38 104.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.09 104.10 Td (held ) Tj ET Q q 0 0 0 rg BT 221.14 104.10 Td (an ) Tj ET Q q 0 0 0 rg BT 233.40 104.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 276.21 104.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 309.03 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.19 104.10 Td ($730 ) Tj ET Q q 0 0 0 rg BT 343.01 104.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 381.95 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.55 104.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 415.92 104.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 438.18 104.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 473.79 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.94 104.10 Td (more ) Tj ET Q q 0 0 0 rg BT 508.31 104.10 Td (than ) Tj ET Q q 0 0 0 rg BT 528.35 104.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 541.18 104.10 Td (days, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.87 92.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.97 92.10 Td (not ) Tj ET Q q 0 0 0 rg BT 101.18 92.10 Td (included ) Tj ET Q q 0 0 0 rg BT 138.04 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.25 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.90 92.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 198.65 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.84 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.71 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.91 92.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 303.89 92.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 336.31 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.07 92.10 Td ($37.1 ) Tj ET Q q 0 0 0 rg BT 372.00 92.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 405.83 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.26 92.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.24 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.44 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.31 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 483.51 92.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 531.48 92.10 Td (balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.93 80.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 106.29 80.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.90 80.10 Td ($13.4 ) Tj ET Q q 0 0 0 rg BT 144.00 80.10 Td (million ) Tj ET Q q 0 0 0 rg BT 175.50 80.10 Td (since ) Tj ET Q q 0 0 0 rg BT 198.65 80.10 Td (year ) Tj ET Q q 0 0 0 rg BT 218.46 80.10 Td (end ) Tj ET Q q 0 0 0 rg BT 235.50 80.10 Td (201) Tj ET Q q 0 0 0 rg BT 250.13 80.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 260.23 80.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.17 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.21 80.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 303.58 80.10 Td (result ) Tj ET Q q 0 0 0 rg BT 328.40 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.33 80.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 359.70 80.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 401.17 80.10 Td (by ) Tj ET Q q 0 0 0 rg BT 413.77 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.71 80.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 465.09 80.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 505.46 80.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 546.47 80.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 68.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 115.57 68.10 Td (material ) Tj ET Q q 0 0 0 rg BT 150.84 68.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.11 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.06 68.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.33 68.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 252.49 68.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 289.42 68.10 Td (overseas ) Tj ET Q q 0 0 0 rg BT 326.36 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.65 68.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 368.03 68.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 422.48 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.81 68.10 Td (The ) Tj ET Q q 0 0 0 rg BT 442.86 68.10 Td (free ) Tj ET Q q 0 0 0 rg BT 460.91 68.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 481.74 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.58 68.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 512.86 68.10 Td (from ) Tj ET Q q 0 0 0 rg BT 534.80 68.10 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 88.15 56.10 Td (where ) Tj ET Q q 0 0 0 rg BT 114.08 56.10 Td (we ) Tj ET Q q 0 0 0 rg BT 127.24 56.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 146.52 56.10 Td (such ) Tj ET Q q 0 0 0 rg BT 166.35 56.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 202.27 56.10 Td (may ) Tj ET Q q 0 0 0 rg BT 220.99 56.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.92 56.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 261.75 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.03 56.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 318.61 56.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.33 56.10 Td (ef) Tj ET Q q 0 0 0 rg BT 339.92 56.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 360.29 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.23 56.10 Td (other ) Tj ET Q q 0 0 0 rg BT 398.28 56.10 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 446.71 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.21 56.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 502.19 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.91 56.10 Td (repatriation ) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.00 742.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 97.55 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 119.66 742.10 Td (some ) Tj ET Q q 0 0 0 rg BT 143.44 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.45 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.45 742.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 202.00 742.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 251.89 742.10 Td (would ) Tj ET Q q 0 0 0 rg BT 279.56 742.10 Td (result ) Tj ET Q q 0 0 0 rg BT 304.45 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.79 742.10 Td (application ) Tj ET Q q 0 0 0 rg BT 376.89 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.89 742.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 438.90 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 462.12 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 472.01 742.10 Td (source ) Tj ET Q q 0 0 0 rg BT 500.78 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.78 742.10 Td (well ) Tj ET Q q 0 0 0 rg BT 531.67 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 542.67 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 58.52 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.04 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 91.13 730.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 117.42 730.10 Td (level ) Tj ET Q q 0 0 0 rg BT 138.15 730.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 159.46 730.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 187.96 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.60 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.12 730.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 258.51 730.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 296.20 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.41 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.26 730.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 365.55 730.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 387.12 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 406.19 730.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 455.54 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.28 730.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 514.24 730.10 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.88 718.10 Td (held ) Tj ET Q q 0 0 0 rg BT 106.56 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.79 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.58 718.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 171.15 718.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 191.39 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.50 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.40 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.17 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.96 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.75 718.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 331.08 718.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 380.76 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.55 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.34 718.10 Td (May ) Tj ET Q q 0 0 0 rg BT 423.13 718.10 Td (7, ) Tj ET Q q 0 0 0 rg BT 433.08 718.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 455.54 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.67 718.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 505.44 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.68 718.10 Td (table ) Tj ET Q q 0 0 0 rg BT 537.57 718.10 Td (below ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (\(figures ) Tj ET Q q 0 0 0 rg BT 83.60 706.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 137.75 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.03 706.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 38.50 662.60 108.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 146.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 662.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 662.60 40.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 662.60 44.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 662.60 46.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 662.60 50.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 662.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 662.60 40.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 662.60 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 662.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 662.60 45.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 662.6 m 193.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 662.6 m 197.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 662.6 m 237.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 662.6 m 241.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 662.6 m 285.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 662.6 m 289.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 662.6 m 335.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 662.6 m 339.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 662.6 m 389.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 662.6 m 393.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 662.6 m 436.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 662.6 m 440.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 662.6 m 480.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 662.6 m 484.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 662.6 m 523.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 662.6 m 527.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 662.6 m 572.5 662.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.05 677.28 Td (United) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 158.70 667.28 Td (States) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.30 667.28 Td (Canada) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 251.30 677.28 Td (Latin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.65 667.28 Td (America) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.00 667.28 Td (Australia) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.40 667.28 Td (Singapore) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.05 677.28 Td (New) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.95 667.28 Td (Zealand) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.60 667.28 Td (India) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.10 667.28 Td (Sweden) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.55 667.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 41.00 643.27 Td (Cash and ST investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.10 643.27 Td (7,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.65 643.27 Td (979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.15 643.27 Td (1,508) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 643.27 Td (3,123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.65 643.27 Td (871) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 643.27 Td (467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.10 643.27 Td (15,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.65 643.27 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.10 643.27 Td (30,328) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.54 617.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.63 617.10 Td (current ) Tj ET Q q 0 0 0 rg BT 125.48 617.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 146.34 617.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 186.64 617.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.95 617.10 Td (1.55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.45 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.99 617.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.75 617.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 270.38 617.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.38 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.92 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.79 617.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 345.75 617.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.07 617.10 Td (1.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.57 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.11 617.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.86 617.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 444.48 617.10 Td (201) Tj ET Q q 0 0 0 rg BT 459.11 617.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.11 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.65 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.63 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.49 617.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.36 617.10 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (position ) Tj ET Q q 0 0 0 rg BT 84.78 605.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 125.65 605.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.98 605.10 Td ($26.4 ) Tj ET Q q 0 0 0 rg BT 161.03 605.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.92 605.10 Td (million ) Tj ET Q q 0 0 0 rg BT 223.86 605.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.63 605.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 277.28 605.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.28 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.83 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.71 605.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 352.69 605.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.01 605.10 Td ($14.0 ) Tj ET Q q 0 0 0 rg BT 388.06 605.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.96 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.51 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 429.27 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.04 605.10 Td (end ) Tj ET Q q 0 0 0 rg BT 461.03 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.91 605.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.68 605.10 Td (201) Tj ET Q q 0 0 0 rg BT 501.31 605.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.31 605.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.17 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 529.27 605.10 Td (increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.14 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 593.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 122.84 593.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 160.09 593.10 Td (position ) Tj ET Q q 0 0 0 rg BT 195.67 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.70 593.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 246.27 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.85 593.10 Td (result ) Tj ET Q q 0 0 0 rg BT 287.42 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.11 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.69 593.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 358.04 593.10 Td (available ) Tj ET Q q 0 0 0 rg BT 397.48 593.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 418.61 593.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 456.39 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.19 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.76 593.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 530.89 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.02 593.10 Td (trade ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 87.99 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.42 581.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 139.51 581.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 182.01 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.65 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 198.09 581.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 229.96 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.95 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.29 581.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 292.84 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.62 581.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 340.48 581.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 387.91 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.35 581.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 433.35 581.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.12 581.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 479.34 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.78 581.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 546.44 581.10 Td (will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 77.41 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.94 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.14 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.24 569.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 175.98 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.08 569.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 204.72 569.10 Td (its ) Tj ET Q q 0 0 0 rg BT 215.49 569.10 Td (current ) Tj ET Q q 0 0 0 rg BT 245.12 569.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 283.65 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.40 569.10 Td (current ) Tj ET Q q 0 0 0 rg BT 334.03 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 358.68 569.10 Td (including ) Tj ET Q q 0 0 0 rg BT 397.76 569.10 Td (available ) Tj ET Q q 0 0 0 rg BT 435.17 569.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.25 569.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 489.99 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.97 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.50 569.10 Td (foreseeable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (future.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 89.18 533.10 Td (Combinations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 511.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.19 511.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.72 511.10 Td (executes ) Tj ET Q q 0 0 0 rg BT 185.78 511.10 Td (accretive ) Tj ET Q q 0 0 0 rg BT 225.50 511.10 Td (business ) Tj ET Q q 0 0 0 rg BT 263.04 511.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 314.45 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.87 511.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 379.50 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.92 511.10 Td (or) Tj ET Q q 0 0 0 rg BT 409.07 511.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 434.37 511.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 466.34 511.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 509.42 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 521.39 511.10 Td (part ) Tj ET Q q 0 0 0 rg BT 540.58 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 511.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.44 499.10 Td (business ) Tj ET Q q 0 0 0 rg BT 150.23 499.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 181.47 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.81 499.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 242.26 499.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 273.27 499.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.67 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.37 499.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.82 499.10 Td (Company' ) Tj ET Q q 0 0 0 rg BT 343.41 499.10 Td (looks ) Tj ET Q q 0 0 0 rg BT 367.98 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.67 499.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 410.99 499.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 456.12 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 474.02 499.10 Td (are ) Tj ET Q q 0 0 0 rg BT 489.13 499.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 554.23 499.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (Ebix's ) Tj ET Q q 0 0 0 rg BT 78.30 487.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 113.68 487.10 Td (products ) Tj ET Q q 0 0 0 rg BT 151.83 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.99 487.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 208.41 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.12 487.10 Td (During ) Tj ET Q q 0 0 0 rg BT 244.17 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.10 487.10 Td (first ) Tj ET Q q 0 0 0 rg BT 279.93 487.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 311.96 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.00 487.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 347.72 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.65 487.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.25 487.10 Td (did ) Tj ET Q q 0 0 0 rg BT 422.75 487.10 Td (not ) Tj ET Q q 0 0 0 rg BT 439.24 487.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 473.49 487.10 Td (any ) Tj ET Q q 0 0 0 rg BT 491.65 487.10 Td (material ) Tj ET Q q 0 0 0 rg BT 528.12 487.10 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.77 475.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.80 453.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 431.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 103.01 431.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.35 431.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 161.47 431.10 Td (by ) Tj ET Q q 0 0 0 rg BT 174.05 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.95 431.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 230.29 431.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 268.96 431.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.08 431.10 Td ($13.8 ) Tj ET Q q 0 0 0 rg BT 312.16 431.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.05 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.62 431.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.86 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.65 431.10 Td (three ) Tj ET Q q 0 0 0 rg BT 395.20 431.10 Td (month ) Tj ET Q q 0 0 0 rg BT 423.33 431.10 Td (period ) Tj ET Q q 0 0 0 rg BT 451.45 431.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.90 431.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 521.58 431.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.58 431.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 431.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 84.18 419.10 Td (components ) Tj ET Q q 0 0 0 rg BT 135.03 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.88 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.63 419.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.92 419.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 218.99 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 231.51 419.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.69 419.10 Td (during ) Tj ET Q q 0 0 0 rg BT 304.33 419.10 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.30 419.10 Td (three ) Tj ET Q q 0 0 0 rg BT 343.81 419.10 Td (month) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.37 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.89 419.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 403.30 419.10 Td (period ) Tj ET Q q 0 0 0 rg BT 431.37 419.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 471.11 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.96 419.10 Td (net ) Tj ET Q q 0 0 0 rg BT 496.70 419.10 Td (income ) Tj ET Q q 0 0 0 rg BT 528.66 419.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.52 419.10 Td ($15.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.85 407.10 Td (net ) Tj ET Q q 0 0 0 rg BT 102.52 407.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.31 407.10 Td ($661 ) Tj ET Q q 0 0 0 rg BT 139.76 407.10 Td (thousand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.87 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.33 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.12 407.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 233.67 407.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 279.77 407.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 313.10 407.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 352.53 407.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 394.74 407.10 Td (losses, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.59 407.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 447.55 407.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.44 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.90 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.68 407.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 547.56 407.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (amortization, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.66 395.10 Td ($\(5.1\) ) Tj ET Q q 0 0 0 rg BT 132.45 395.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.34 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.97 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.92 395.10 Td (working ) Tj ET Q q 0 0 0 rg BT 210.88 395.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 240.16 395.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 294.98 395.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 334.82 395.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 378.54 395.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.95 395.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 443.23 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.63 395.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 476.24 395.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 513.85 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.92 395.10 Td (accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 92.22 383.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.16 383.10 Td ($548 ) Tj ET Q q 0 0 0 rg BT 131.66 383.10 Td (thousand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.76 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.26 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.09 383.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 219.69 383.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 269.39 383.10 Td (compensation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 361.10 Td (During ) Tj ET Q q 0 0 0 rg BT 105.88 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.64 361.10 Td (three ) Tj ET Q q 0 0 0 rg BT 145.17 361.10 Td (months ) Tj ET Q q 0 0 0 rg BT 178.17 361.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 205.59 361.10 Td (March31,201) Tj ET Q q 0 0 0 rg BT 263.82 361.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 272.37 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.13 361.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.57 361.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 372.98 361.10 Td ($10.3million ) Tj ET Q q 0 0 0 rg BT 430.42 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.29 361.10 Td (net ) Tj ET Q q 0 0 0 rg BT 458.06 361.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 479.37 361.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 501.25 361.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.24 361.10 Td (operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 91.38 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 109.92 349.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 144.58 349.10 Td (components ) Tj ET Q q 0 0 0 rg BT 195.90 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.23 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.44 349.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.21 349.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.76 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 294.75 349.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 339.41 349.10 Td (during ) Tj ET Q q 0 0 0 rg BT 368.51 349.10 Td (this ) Tj ET Q q 0 0 0 rg BT 385.96 349.10 Td (three-month ) Tj ET Q q 0 0 0 rg BT 437.83 349.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 469.71 349.10 Td (period ) Tj ET Q q 0 0 0 rg BT 498.25 349.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 538.47 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 349.10 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.24 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 337.10 Td ($15.2million, ) Tj ET Q q 0 0 0 rg BT 152.58 337.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.60 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.74 337.10 Td ($\(1.7\) ) Tj ET Q q 0 0 0 rg BT 205.70 337.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.40 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.54 337.10 Td (net ) Tj ET Q q 0 0 0 rg BT 263.56 337.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 302.47 337.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 326.38 337.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 373.05 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.86 337.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 428.64 337.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 478.12 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.36 337.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.04 337.10 Td (currency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 92.25 325.10 Td ($1.9million ) Tj ET Q q 0 0 0 rg BT 143.14 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.47 325.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 204.89 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.33 325.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 276.37 325.10 Td ($\(5.6\) ) Tj ET Q q 0 0 0 rg BT 302.53 325.10 Td (million ) Tj ET Q q 0 0 0 rg BT 333.42 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.75 325.10 Td (working ) Tj ET Q q 0 0 0 rg BT 379.08 325.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 407.73 325.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 461.93 325.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 501.14 325.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.23 325.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 91.07 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.14 313.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 124.86 313.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 162.59 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.77 313.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 213.59 313.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 256.05 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.23 313.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 313.72 313.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 363.13 313.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 385.86 313.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 436.07 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.25 313.10 Td ($556 ) Tj ET Q q 0 0 0 rg BT 475.99 313.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 514.84 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.91 313.10 Td (non-cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 110.54 301.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 90.47 279.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 257.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.66 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.65 257.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 160.42 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 182.08 257.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 220.97 257.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 259.29 257.10 Td (during ) Tj ET Q q 0 0 0 rg BT 287.62 257.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.05 257.10 Td (three ) Tj ET Q q 0 0 0 rg BT 324.26 257.10 Td (months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.71 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.93 257.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.03 257.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 425.35 257.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.35 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.57 257.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 477.01 257.10 Td ($306 ) Tj ET Q q 0 0 0 rg BT 499.23 257.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 537.56 257.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 90.14 245.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 130.29 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.55 245.10 Td ($979 ) Tj ET Q q 0 0 0 rg BT 164.48 245.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 203.52 245.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.89 245.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 268.81 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.08 245.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 327.43 245.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 368.12 245.10 Td (\(specifically ) Tj ET Q q 0 0 0 rg BT 420.47 245.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 442.84 245.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 489.63 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.89 245.10 Td (deposit\), ) Tj ET Q q 0 0 0 rg BT 538.54 245.10 Td (net ) Tj ET Q q 0 0 0 rg BT 553.69 245.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 94.69 233.10 Td (less ) Tj ET Q q 0 0 0 rg BT 112.44 233.10 Td ($673 ) Tj ET Q q 0 0 0 rg BT 135.20 233.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 174.07 233.10 Td (used ) Tj ET Q q 0 0 0 rg BT 195.16 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.57 233.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 238.98 233.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 292.83 233.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 336.13 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.67 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.64 233.10 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 417.15 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.24 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.33 233.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 491.52 233.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 532.60 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 233.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.93 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.76 221.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 143.02 221.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 187.73 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.01 221.10 Td (support ) Tj ET Q q 0 0 0 rg BT 230.51 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.34 221.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 290.50 221.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 337.15 221.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 197.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.78 197.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.88 197.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 160.77 197.10 Td (from ) Tj ET Q q 0 0 0 rg BT 182.55 197.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 221.55 197.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 259.99 197.10 Td (during ) Tj ET Q q 0 0 0 rg BT 288.44 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.99 197.10 Td (three ) Tj ET Q q 0 0 0 rg BT 325.32 197.10 Td (months ) Tj ET Q q 0 0 0 rg BT 357.10 197.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 383.32 197.10 Td (March31,201) Tj ET Q q 0 0 0 rg BT 441.55 197.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 448.89 197.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 478.44 197.10 Td ($5.6million ) Tj ET Q q 0 0 0 rg BT 529.67 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.44 197.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.65 185.10 Td (related ) Tj ET Q q 0 0 0 rg BT 119.28 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.49 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.14 185.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 164.07 185.10 Td (million ) Tj ET Q q 0 0 0 rg BT 195.40 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.16 185.10 Td (net ) Tj ET Q q 0 0 0 rg BT 220.81 185.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.01 185.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 277.88 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.75 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.40 185.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 360.72 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.94 185.10 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 403.93 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.14 185.10 Td (February ) Tj ET Q q 0 0 0 rg BT 452.68 185.10 Td (201) Tj ET Q q 0 0 0 rg BT 467.31 185.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 474.74 185.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 492.72 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.48 185.10 Td ($944 ) Tj ET Q q 0 0 0 rg BT 525.91 185.10 Td (thousand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.59 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.63 173.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 107.00 173.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 156.20 173.10 Td (ADAM ) Tj ET Q q 0 0 0 rg BT 190.02 173.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 214.39 173.10 Td (options\). ) Tj ET Q q 0 0 0 rg BT 252.21 173.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 274.37 173.10 Td ($524 ) Tj ET Q q 0 0 0 rg BT 297.63 173.10 Td (thousandwas ) Tj ET Q q 0 0 0 rg BT 355.05 173.10 Td (used ) Tj ET Q q 0 0 0 rg BT 376.64 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.56 173.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.48 173.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 475.83 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.53 173.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 514.29 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 546.45 173.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 88.05 161.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.99 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.70 161.10 Td (net ) Tj ET Q q 0 0 0 rg BT 139.42 161.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 181.91 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.74 161.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 239.66 161.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 279.92 161.10 Td (\(specifically ) Tj ET Q q 0 0 0 rg BT 331.84 161.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 353.78 161.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 400.14 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.97 161.10 Td (deposit\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 95.48 139.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 117.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.36 117.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.61 117.10 Td (three ) Tj ET Q q 0 0 0 rg BT 152.62 117.10 Td (months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.07 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.10 117.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.01 117.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 253.14 117.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.14 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.17 117.10 Td (net ) Tj ET Q q 0 0 0 rg BT 289.42 117.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.21 117.10 Td (used ) Tj ET Q q 0 0 0 rg BT 329.57 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.38 117.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 379.18 117.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 417.31 117.10 Td (was ) Tj ET Q q 0 0 0 rg BT 434.89 117.10 Td ($1.5million. ) Tj ET Q q 0 0 0 rg BT 488.31 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.19 117.10 Td (This ) Tj ET Q q 0 0 0 rg BT 510.00 117.10 Td (net ) Tj ET Q q 0 0 0 rg BT 524.25 117.10 Td (financing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 105.10 Td (outflow ) Tj ET Q q 0 0 0 rg BT 103.88 105.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 143.59 105.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 183.31 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.14 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.85 105.10 Td ($1.46 ) Tj ET Q q 0 0 0 rg BT 233.85 105.10 Td (million ) Tj ET Q q 0 0 0 rg BT 265.24 105.10 Td (used ) Tj ET Q q 0 0 0 rg BT 286.07 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.35 105.10 Td (remit ) Tj ET Q q 0 0 0 rg BT 319.96 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.67 105.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 372.17 105.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 391.88 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.16 105.10 Td (common ) Tj ET Q q 0 0 0 rg BT 439.66 105.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.27 105.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 495.21 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.48 105.10 Td (February) Tj ET Q q 0 0 0 rg BT 540.93 105.10 Td (. ) Tj ET Q q 0 0 0 rg BT 545.93 105.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 81.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.19 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.27 81.10 Td (three ) Tj ET Q q 0 0 0 rg BT 152.12 81.10 Td (months ) Tj ET Q q 0 0 0 rg BT 183.43 81.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.17 81.10 Td (March31,201) Tj ET Q q 0 0 0 rg BT 267.40 81.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 274.26 81.10 Td (net ) Tj ET Q q 0 0 0 rg BT 288.34 81.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.97 81.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.17 81.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.81 81.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 377.43 81.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 415.39 81.10 Td (was ) Tj ET Q q 0 0 0 rg BT 432.81 81.10 Td ($3.9million. ) Tj ET Q q 0 0 0 rg BT 486.06 81.10 Td (During ) Tj ET Q q 0 0 0 rg BT 516.26 81.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.11 81.10 Td (interim ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (period ) Tj ET Q q 0 0 0 rg BT 76.80 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.27 69.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.41 69.10 Td (remitted ) Tj ET Q q 0 0 0 rg BT 164.99 69.10 Td ($1.3million ) Tj ET Q q 0 0 0 rg BT 215.13 69.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.16 69.10 Td (make ) Tj ET Q q 0 0 0 rg BT 247.07 69.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 283.87 69.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 331.22 69.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.47 69.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 375.39 69.10 Td (term ) Tj ET Q q 0 0 0 rg BT 394.97 69.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 413.44 69.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 459.14 69.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 475.94 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.52 69.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 522.31 69.10 Td (received\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td ($2.4million ) Tj ET Q q 0 0 0 rg BT 101.65 57.10 Td (was ) Tj ET Q q 0 0 0 rg BT 119.96 57.10 Td (used ) Tj ET Q q 0 0 0 rg BT 141.05 57.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.58 57.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 190.99 57.10 Td (open ) Tj ET Q q 0 0 0 rg BT 213.19 57.10 Td (market ) Tj ET Q q 0 0 0 rg BT 243.71 57.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 293.66 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.75 57.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.84 57.10 Td (common ) Tj ET Q q 0 0 0 rg BT 358.59 57.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 384.96 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.16 57.10 Td ($258 ) Tj ET Q q 0 0 0 rg BT 424.91 57.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 463.78 57.10 Td (was ) Tj ET Q q 0 0 0 rg BT 482.09 57.10 Td (used ) Tj ET Q q 0 0 0 rg BT 503.18 57.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.71 57.10 Td (service ) Tj ET Q q 0 0 0 rg BT 544.79 57.10 Td (then ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 84.17 45.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 103.88 45.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.82 45.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 149.97 45.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 172.46 45.10 Td (obligations.) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 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 /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 103.05 742.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 127.78 742.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 173.63 742.25 Td (Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.38 718.25 Td (April ) Tj ET Q q 0 0 0 rg BT 124.25 718.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 139.52 718.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 162.29 718.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 183.94 718.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 216.14 718.25 Td (into ) Tj ET Q q 0 0 0 rg BT 234.46 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 241.67 718.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 267.20 718.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 311.60 718.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 353.26 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.69 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 374.89 718.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 397.66 718.25 Td (million ) Tj ET Q q 0 0 0 rg BT 429.32 718.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 462.62 718.25 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 508.16 718.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 533.69 718.25 Td (facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.98 706.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 107.06 706.25 Td (Syndicated ) Tj ET Q q 0 0 0 rg BT 153.92 706.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 181.35 706.25 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 222.10 706.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.31 706.25 Td (Citi ) Tj ET Q q 0 0 0 rg BT 259.75 706.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 285.79 706.25 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 307.66 706.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.42 706.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 378.06 706.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 402.15 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.02 706.25 Td (Citibank, ) Tj ET Q q 0 0 0 rg BT 458.39 706.25 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 482.59 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.23 706.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 507.55 706.25 Td (Far) Tj ET Q q 0 0 0 rg BT 520.70 706.25 Td (go ) Tj ET Q q 0 0 0 rg BT 533.13 706.25 Td (Capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 86.37 694.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 109.97 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.62 694.25 Td (RBS ) Tj ET Q q 0 0 0 rg BT 147.74 694.25 Td (Citizens, ) Tj ET Q q 0 0 0 rg BT 185.22 694.25 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 206.88 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 217.42 694.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 237.97 694.25 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 271.56 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.61 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 291.37 694.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 331.35 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.23 694.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 384.10 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.65 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.30 694.25 Td (four) Tj ET Q q 0 0 0 rg BT 417.76 694.25 Td (-year) Tj ET Q q 0 0 0 rg BT 437.90 694.25 Td (, ) Tj ET Q q 0 0 0 rg BT 442.61 694.25 Td ($45 ) Tj ET Q q 0 0 0 rg BT 459.82 694.25 Td (million ) Tj ET Q q 0 0 0 rg BT 490.93 694.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 523.68 694.25 Td (revolving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 76.26 682.25 Td (facility) Tj ET Q q 0 0 0 rg BT 103.93 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 109.93 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 117.87 682.25 Td ($45 ) Tj ET Q q 0 0 0 rg BT 136.36 682.25 Td (million ) Tj ET Q q 0 0 0 rg BT 168.75 682.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 202.79 682.25 Td (term ) Tj ET Q q 0 0 0 rg BT 224.61 682.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 245.32 682.25 Td (which ) Tj ET Q q 0 0 0 rg BT 273.26 682.25 Td (amortizes ) Tj ET Q q 0 0 0 rg BT 315.63 682.25 Td (over ) Tj ET Q q 0 0 0 rg BT 336.90 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.83 682.25 Td (four ) Tj ET Q q 0 0 0 rg BT 364.99 682.25 Td (year ) Tj ET Q q 0 0 0 rg BT 385.69 682.25 Td (period ) Tj ET Q q 0 0 0 rg BT 414.74 682.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.01 682.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 475.61 682.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 514.65 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.58 682.25 Td (interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.91 670.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 145.14 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 157.73 670.25 Td (June ) Tj ET Q q 0 0 0 rg BT 178.64 670.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 193.73 670.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 216.31 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.34 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.36 670.25 Td (final ) Tj ET Q q 0 0 0 rg BT 261.27 670.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 298.29 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.20 670.25 Td (all ) Tj ET Q q 0 0 0 rg BT 321.78 670.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 364.91 670.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 414.16 670.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 452.28 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.31 670.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 502.97 670.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 534.99 670.25 Td (due ) Tj ET Q q 0 0 0 rg BT 552.02 670.25 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (April ) Tj ET Q q 0 0 0 rg BT 73.77 658.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 88.94 658.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 114.10 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.21 658.25 Td (an ) Tj ET Q q 0 0 0 rg BT 143.31 658.25 Td (accordion ) Tj ET Q q 0 0 0 rg BT 185.40 658.25 Td (feature ) Tj ET Q q 0 0 0 rg BT 215.82 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 233.48 658.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 270.58 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 284.91 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.79 658.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 343.00 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.00 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.88 658.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 394.31 658.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 425.29 658.25 Td (by ) Tj ET Q q 0 0 0 rg BT 437.96 658.25 Td (an ) Tj ET Q q 0 0 0 rg BT 450.06 658.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 492.72 658.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 510.38 658.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 544.24 658.25 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (new ) Tj ET Q q 0 0 0 rg BT 69.85 646.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 93.04 646.25 Td (million ) Tj ET Q q 0 0 0 rg BT 125.12 646.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.08 646.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 182.59 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 203.55 646.25 Td (Citibank, ) Tj ET Q q 0 0 0 rg BT 243.69 646.25 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 268.82 646.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.34 646.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 340.74 646.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 368.08 646.25 Td (replaces ) Tj ET Q q 0 0 0 rg BT 404.03 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.43 646.25 Td (former ) Tj ET Q q 0 0 0 rg BT 449.83 646.25 Td ($55 ) Tj ET Q q 0 0 0 rg BT 468.02 646.25 Td (million ) Tj ET Q q 0 0 0 rg BT 500.10 646.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 531.61 646.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 646.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.28 634.25 Td (had ) Tj ET Q q 0 0 0 rg BT 108.11 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.29 634.25 Td (place ) Tj ET Q q 0 0 0 rg BT 141.77 634.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.95 634.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 185.45 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.64 634.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 234.96 634.25 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 256.80 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.19 634.25 Td () Tj ET Q q 0 0 0 rg BT 261.51 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 279.45 634.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 305.18 634.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.01 634.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 354.38 634.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 397.87 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.04 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.65 634.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 457.25 634.25 Td (Syndicated ) Tj ET Q q 0 0 0 rg BT 504.08 634.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 531.47 634.25 Td (Facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.90 622.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 91.13 622.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 110.03 622.25 Td (1.50% ) Tj ET Q q 0 0 0 rg BT 138.10 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 148.66 622.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 186.98 622.25 Td (1.74%. ) Tj ET Q q 0 0 0 rg BT 217.54 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.78 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.01 622.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 249.23 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.68 622.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 298.12 622.25 Td (Syndicated ) Tj ET Q q 0 0 0 rg BT 344.78 622.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 372.01 622.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 404.79 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 622.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 462.02 622.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.69 622.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 510.90 622.25 Td (that ) Tj ET Q q 0 0 0 rg BT 528.13 622.25 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 622.25 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 610.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 83.96 610.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 128.12 610.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 150.62 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.34 610.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 212.42 610.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 248.78 610.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 269.60 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 278.77 610.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 311.27 610.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 330.44 610.25 Td (2.00%. ) Tj ET Q q 0 0 0 rg BT 361.27 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.77 610.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (On ) Tj ET Q q 0 0 0 rg BT 100.92 586.25 Td (April ) Tj ET Q q 0 0 0 rg BT 125.49 586.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 141.46 586.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 167.42 586.25 Td (Ebix ) Tj ET Q q 0 0 0 rg BT 189.77 586.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 212.13 586.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 232.81 586.25 Td (all ) Tj ET Q q 0 0 0 rg BT 246.27 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.06 586.25 Td (its ) Tj ET Q q 0 0 0 rg BT 270.97 586.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 318.88 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.78 586.25 Td (related ) Tj ET Q q 0 0 0 rg BT 367.45 586.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 387.01 586.25 Td (then ) Tj ET Q q 0 0 0 rg BT 407.69 586.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 457.82 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.07 586.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 493.64 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.67 586.25 Td (America ) Tj ET Q q 0 0 0 rg BT 542.56 586.25 Td (N.A. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (\(BOA\) ) Tj ET Q q 0 0 0 rg BT 88.65 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.09 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 115.42 574.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 157.96 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.74 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.95 574.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 208.51 574.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 254.93 574.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 278.58 574.25 Td (February ) Tj ET Q q 0 0 0 rg BT 316.68 574.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 331.18 574.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 353.18 574.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 366.84 574.25 Td (amended\). ) Tj ET Q q 0 0 0 rg BT 410.76 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.62 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 430.17 574.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 471.03 574.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 503.02 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.35 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 574.25 Td (payment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.17 562.25 Td ($45.14 ) Tj ET Q q 0 0 0 rg BT 96.30 562.25 Td (million ) Tj ET Q q 0 0 0 rg BT 126.81 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.87 562.25 Td (was ) Tj ET Q q 0 0 0 rg BT 160.05 562.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 189.44 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 210.50 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.56 562.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 247.07 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.02 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.86 562.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 308.02 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.97 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.81 562.25 Td (Citi ) Tj ET Q q 0 0 0 rg BT 348.44 562.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 371.17 562.25 Td (led ) Tj ET Q q 0 0 0 rg BT 385.01 562.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 418.84 562.25 Td (Syndicated ) Tj ET Q q 0 0 0 rg BT 464.90 562.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 491.51 562.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 523.69 562.25 Td (discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 102.14 550.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 130.68 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.84 550.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 157.22 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.59 550.25 Td (ef) Tj ET Q q 0 0 0 rg BT 179.18 550.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 208.54 550.25 Td (date ) Tj ET Q q 0 0 0 rg BT 227.35 550.25 Td (this ) Tj ET Q q 0 0 0 rg BT 243.96 550.25 Td (payof) Tj ET Q q 0 0 0 rg BT 266.55 550.25 Td (f, ) Tj ET Q q 0 0 0 rg BT 274.54 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.69 550.25 Td (BOA's ) Tj ET Q q 0 0 0 rg BT 305.66 550.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 358.36 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.30 550.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 397.11 550.25 Td (further ) Tj ET Q q 0 0 0 rg BT 426.48 550.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 451.40 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.34 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.71 550.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.76 550.25 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 564.52 550.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 533.25 Td (Previously ) Tj ET Q q 0 0 0 rg BT 132.56 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 145.51 533.25 Td (April ) Tj ET Q q 0 0 0 rg BT 170.39 533.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 186.68 533.25 Td (201) Tj ET Q q 0 0 0 rg BT 201.30 533.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 210.08 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.08 533.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.75 533.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 301.95 533.25 Td (into ) Tj ET Q q 0 0 0 rg BT 321.29 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.51 533.25 Td (seventh ) Tj ET Q q 0 0 0 rg BT 363.84 533.25 Td (amendment ) Tj ET Q q 0 0 0 rg BT 414.27 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.83 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.05 533.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 460.59 533.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 506.01 533.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 525.34 533.25 Td (Seventh ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (Amendment\) ) Tj ET Q q 0 0 0 rg BT 108.60 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.78 521.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 150.29 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.71 521.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 198.03 521.25 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 218.87 521.25 Td (\("BOA"\), ) Tj ET Q q 0 0 0 rg BT 258.71 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 268.44 521.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 327.04 521.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 352.60 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 378.43 521.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 420.37 521.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 457.86 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.48 521.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 496.21 521.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 520.37 521.25 Td (agreement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 73.51 509.25 Td (February ) Tj ET Q q 0 0 0 rg BT 111.47 509.25 Td (12, ) Tj ET Q q 0 0 0 rg BT 125.83 509.25 Td (2010.) Tj ET Q q 0 0 0 rg BT 153.15 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 170.56 509.25 Td (Seventh ) Tj ET Q q 0 0 0 rg BT 204.22 509.25 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 255.52 509.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 295.13 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 509.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 342.73 509.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 382.91 509.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.54 509.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 437.72 509.25 Td (from ) Tj ET Q q 0 0 0 rg BT 459.02 509.25 Td ($25 ) Tj ET Q q 0 0 0 rg BT 475.87 509.25 Td (million ) Tj ET Q q 0 0 0 rg BT 506.63 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.26 509.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 533.12 509.25 Td (million ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.24 497.25 Td (its ) Tj ET Q q 0 0 0 rg BT 82.14 497.25 Td (term ) Tj ET Q q 0 0 0 rg BT 102.92 497.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 132.60 497.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.51 497.25 Td (April ) Tj ET Q q 0 0 0 rg BT 168.08 497.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 183.04 497.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 207.99 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.89 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.56 497.25 Td ($10million ) Tj ET Q q 0 0 0 rg BT 288.41 497.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 321.41 497.25 Td (term ) Tj ET Q q 0 0 0 rg BT 342.19 497.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 361.87 497.25 Td (was ) Tj ET Q q 0 0 0 rg BT 379.88 497.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 420.09 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.32 497.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 447.78 497.25 Td (million ) Tj ET Q q 0 0 0 rg BT 479.13 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.02 497.25 Td (amortizes ) Tj ET Q q 0 0 0 rg BT 537.35 497.25 Td (over ) Tj ET Q q 0 0 0 rg BT 557.58 497.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (three ) Tj ET Q q 0 0 0 rg BT 72.50 485.25 Td (year ) Tj ET Q q 0 0 0 rg BT 92.22 485.25 Td (period ) Tj ET Q q 0 0 0 rg BT 120.28 485.25 Td (with ) Tj ET Q q 0 0 0 rg BT 140.57 485.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 179.17 485.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 217.23 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.18 485.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.12 485.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 306.96 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 324.47 485.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 375.29 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 387.80 485.25 Td (June ) Tj ET Q q 0 0 0 rg BT 408.65 485.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 423.66 485.25 Td (201) Tj ET Q q 0 0 0 rg BT 438.29 485.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 448.12 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 466.18 485.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 491.45 485.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 516.73 485.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 547.56 485.25 Td (had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.77 473.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 91.29 473.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.05 473.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 140.37 473.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 178.79 473.25 Td (set ) Tj ET Q q 0 0 0 rg BT 192.22 473.25 Td (at ) Tj ET Q q 0 0 0 rg BT 201.77 473.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 234.09 473.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 253.09 473.25 Td (1.50%.) Tj ET Q BT /F2 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 281.42 473.25 Td ( ) Tj ET Q q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 283.75 473.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 285.90 473.25 Td (The ) Tj ET Q q 0 0 0 rg BT 303.78 473.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 344.43 473.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 369.52 473.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 400.17 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 409.16 473.25 Td (used ) Tj ET Q q 0 0 0 rg BT 429.82 473.25 Td (by ) Tj ET Q q 0 0 0 rg BT 442.15 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.69 473.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 497.90 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.01 473.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 528.67 473.25 Td (working ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.20 461.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 131.96 461.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 170.72 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.05 461.25 Td (support ) Tj ET Q q 0 0 0 rg BT 211.61 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.49 461.25 Td (current ) Tj ET Q q 0 0 0 rg BT 251.36 461.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 297.07 461.25 Td (or) Tj ET Q q 0 0 0 rg BT 305.21 461.25 Td (ganic ) Tj ET Q q 0 0 0 rg BT 328.42 461.25 Td (growth, ) Tj ET Q q 0 0 0 rg BT 360.81 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.80 461.25 Td (accretive ) Tj ET Q q 0 0 0 rg BT 414.43 461.25 Td (business ) Tj ET Q q 0 0 0 rg BT 449.87 461.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 501.59 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 518.69 461.25 Td (underlying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 89.79 449.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 133.46 449.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 168.81 449.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.82 449.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 247.83 449.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 288.17 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.41 449.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 349.02 449.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 394.36 449.25 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 435.54 449.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 458.12 449.25 Td (char) Tj ET Q q 0 0 0 rg BT 475.14 449.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 486.61 449.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 524.72 449.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 547.57 449.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 87.11 437.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 111.18 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 122.76 437.25 Td (well ) Tj ET Q q 0 0 0 rg BT 143.22 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.79 437.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.24 437.25 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 228.47 437.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 271.70 437.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 315.49 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.51 437.25 Td (such ) Tj ET Q q 0 0 0 rg BT 348.09 437.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 380.77 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 392.35 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.81 437.25 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 453.25 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.82 437.25 Td (new ) Tj ET Q q 0 0 0 rg BT 484.73 437.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 507.69 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.16 437.25 Td (aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 83.33 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.99 425.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 145.52 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.18 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.73 425.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 220.64 425.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 248.97 425.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 279.79 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.13 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.90 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.23 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.78 425.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 381.99 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.66 425.25 Td (new ) Tj ET Q q 0 0 0 rg BT 413.65 425.25 Td (business ) Tj ET Q q 0 0 0 rg BT 450.87 425.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 504.24 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 425.25 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 89.05 413.25 Td (is ) Tj ET Q q 0 0 0 rg BT 98.68 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.41 413.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 158.46 413.25 Td (with ) Tj ET Q q 0 0 0 rg BT 179.19 413.25 Td (all ) Tj ET Q q 0 0 0 rg BT 192.14 413.25 Td (such ) Tj ET Q q 0 0 0 rg BT 213.43 413.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.37 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.76 413.25 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 311.70 413.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 357.14 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.54 413.25 Td (there ) Tj ET Q q 0 0 0 rg BT 397.48 413.25 Td (have ) Tj ET Q q 0 0 0 rg BT 419.31 413.25 Td (been ) Tj ET Q q 0 0 0 rg BT 441.15 413.25 Td (no ) Tj ET Q q 0 0 0 rg BT 454.10 413.25 Td (violations ) Tj ET Q q 0 0 0 rg BT 496.50 413.25 Td (thereof ) Tj ET Q q 0 0 0 rg BT 527.77 413.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.06 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 413.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (event ) Tj ET Q q 0 0 0 rg BT 74.16 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.99 401.25 Td (noncompliance, ) Tj ET Q q 0 0 0 rg BT 151.07 401.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 199.11 401.25 Td (waivers ) Tj ET Q q 0 0 0 rg BT 232.71 401.25 Td (having ) Tj ET Q q 0 0 0 rg BT 262.42 401.25 Td (been ) Tj ET Q q 0 0 0 rg BT 283.80 401.25 Td (obtained.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 379.25 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.12 379.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 131.34 379.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.34 379.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.96 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.29 379.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 222.08 379.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 255.73 379.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.85 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.18 379.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 325.63 379.25 Td (line ) Tj ET Q q 0 0 0 rg BT 343.74 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.19 379.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 381.07 379.25 Td (was ) Tj ET Q q 0 0 0 rg BT 399.74 379.25 Td ($31.8 ) Tj ET Q q 0 0 0 rg BT 425.36 379.25 Td (million ) Tj ET Q q 0 0 0 rg BT 457.37 379.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.93 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.27 379.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 521.71 379.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 552.58 379.25 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.55 367.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.66 367.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.10 367.25 Td (1.75%. ) Tj ET Q q 0 0 0 rg BT 139.40 367.25 Td (This ) Tj ET Q q 0 0 0 rg BT 159.29 367.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 191.95 367.25 Td (is ) Tj ET Q q 0 0 0 rg BT 200.73 367.25 Td (included ) Tj ET Q q 0 0 0 rg BT 237.29 367.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.18 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.52 367.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 303.07 367.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 342.40 367.25 Td (section ) Tj ET Q q 0 0 0 rg BT 372.85 367.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.29 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.63 367.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 444.19 367.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 499.08 367.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 533.40 367.25 Td (Sheets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.38 355.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.64 355.25 Td (three ) Tj ET Q q 0 0 0 rg BT 116.67 355.25 Td (month) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.23 355.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.28 355.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.87 355.25 Td (ending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.14 355.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 244.28 355.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.28 355.25 Td (, ) Tj ET Q q 0 0 0 rg BT 268.83 355.25 Td (both ) Tj ET Q q 0 0 0 rg BT 288.66 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.92 355.25 Td (average ) Tj ET Q q 0 0 0 rg BT 336.05 355.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.54 355.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 395.14 355.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 443.85 355.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 480.32 355.25 Td (on ) Tj ET Q q 0 0 0 rg BT 492.37 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.63 355.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 547.00 355.25 Td (line ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 343.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 86.09 343.25 Td (was ) Tj ET Q q 0 0 0 rg BT 104.15 343.25 Td ($31.8 ) Tj ET Q q 0 0 0 rg BT 129.15 343.25 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 321.25 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.50 321.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 130.10 321.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.10 321.25 Td (, ) Tj ET Q q 0 0 0 rg BT 155.10 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.82 321.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 218.99 321.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 252.02 321.25 Td (on ) Tj ET Q q 0 0 0 rg BT 264.52 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.24 321.25 Td (term ) Tj ET Q q 0 0 0 rg BT 300.07 321.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 319.79 321.25 Td (was ) Tj ET Q q 0 0 0 rg BT 337.84 321.25 Td ($15million ) Tj ET Q q 0 0 0 rg BT 386.73 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.56 321.25 Td (which ) Tj ET Q q 0 0 0 rg BT 424.50 321.25 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 444.51 321.25 Td (million ) Tj ET Q q 0 0 0 rg BT 475.90 321.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.07 321.25 Td (due ) Tj ET Q q 0 0 0 rg BT 502.01 321.25 Td (within ) Tj ET Q q 0 0 0 rg BT 530.07 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.79 321.25 Td (next ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 78.56 309.25 Td (months. ) Tj ET Q q 0 0 0 rg BT 112.42 309.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.19 309.25 Td (This ) Tj ET Q q 0 0 0 rg BT 133.88 309.25 Td (term ) Tj ET Q q 0 0 0 rg BT 154.11 309.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 173.23 309.25 Td (also ) Tj ET Q q 0 0 0 rg BT 191.25 309.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 220.91 309.25 Td (an ) Tj ET Q q 0 0 0 rg BT 232.26 309.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 263.60 309.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 280.50 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.73 309.25 Td (1.75%. ) Tj ET Q q 0 0 0 rg BT 320.97 309.25 Td (During ) Tj ET Q q 0 0 0 rg BT 351.21 309.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.34 309.25 Td (three ) Tj ET Q q 0 0 0 rg BT 387.23 309.25 Td (months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.68 309.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.59 309.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.37 309.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 487.38 309.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.38 309.25 Td (, ) Tj ET Q q 0 0 0 rg BT 511.79 309.25 Td (no ) Tj ET Q q 0 0 0 rg BT 523.69 309.25 Td (payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (were ) Tj ET Q q 0 0 0 rg BT 72.10 297.25 Td (made ) Tj ET Q q 0 0 0 rg BT 96.42 297.25 Td (against ) Tj ET Q q 0 0 0 rg BT 127.41 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.30 297.25 Td (term ) Tj ET Q q 0 0 0 rg BT 163.29 297.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 185.48 297.25 Td (The ) Tj ET Q q 0 0 0 rg BT 203.69 297.25 Td (current ) Tj ET Q q 0 0 0 rg BT 234.68 297.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.78 297.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 293.88 297.25 Td (portions ) Tj ET Q q 0 0 0 rg BT 329.33 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.33 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.21 297.25 Td (term ) Tj ET Q q 0 0 0 rg BT 376.20 297.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 396.09 297.25 Td (are ) Tj ET Q q 0 0 0 rg BT 410.96 297.25 Td (included ) Tj ET Q q 0 0 0 rg BT 448.06 297.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.51 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.39 297.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 516.59 297.25 Td (current ) Tj ET Q q 0 0 0 rg BT 547.58 297.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 91.93 285.25 Td (sections ) Tj ET Q q 0 0 0 rg BT 126.65 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.48 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.20 285.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 199.14 285.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 254.41 285.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 289.11 285.25 Td (Sheets.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 100.27 263.25 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 241.25 Td (On ) Tj ET Q q 0 0 0 rg BT 88.08 241.25 Td (August25, ) Tj ET Q q 0 0 0 rg BT 134.36 241.25 Td (2009, ) Tj ET Q q 0 0 0 rg BT 159.24 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.84 241.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.12 241.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 246.93 241.25 Td (into ) Tj ET Q q 0 0 0 rg BT 264.87 241.25 Td (a ) Tj ET Q q 0 0 0 rg BT 271.69 241.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 321.29 241.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 343.11 241.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 381.07 241.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 427.88 241.25 Td (with ) Tj ET Q q 0 0 0 rg BT 448.04 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.64 241.25 Td (Rennes ) Tj ET Q q 0 0 0 rg BT 494.47 241.25 Td (Foundation ) Tj ET Q q 0 0 0 rg BT 542.41 241.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.57 241.25 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (original ) Tj ET Q q 0 0 0 rg BT 84.05 229.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 117.00 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.27 229.25 Td ($5.0million, ) Tj ET Q q 0 0 0 rg BT 182.61 229.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.00 229.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.94 229.25 Td (is ) Tj ET Q q 0 0 0 rg BT 252.56 229.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 300.49 229.25 Td (into ) Tj ET Q q 0 0 0 rg BT 319.00 229.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 346.93 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.21 229.25 Td (common ) Tj ET Q q 0 0 0 rg BT 396.16 229.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 420.21 229.25 Td (at ) Tj ET Q q 0 0 0 rg BT 430.38 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.76 229.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 484.59 229.25 Td (price ) Tj ET Q q 0 0 0 rg BT 507.52 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.80 229.25 Td ($16.66 ) Tj ET Q q 0 0 0 rg BT 549.25 229.25 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (share ) Tj ET Q q 0 0 0 rg BT 74.33 217.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 93.10 217.25 Td ("Note"\). ) Tj ET Q q 0 0 0 rg BT 129.52 217.25 Td (The ) Tj ET Q q 0 0 0 rg BT 148.30 217.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 170.96 217.25 Td (had ) Tj ET Q q 0 0 0 rg BT 188.63 217.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.29 217.25 Td (0.0% ) Tj ET Q q 0 0 0 rg BT 220.35 217.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 246.90 217.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.56 217.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 297.77 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.44 217.25 Td (no ) Tj ET Q q 0 0 0 rg BT 328.67 217.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 366.32 217.25 Td (were ) Tj ET Q q 0 0 0 rg BT 388.98 217.25 Td (issued. ) Tj ET Q q 0 0 0 rg BT 419.47 217.25 Td (The ) Tj ET Q q 0 0 0 rg BT 438.24 217.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 460.91 217.25 Td (was ) Tj ET Q q 0 0 0 rg BT 479.69 217.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 514.01 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.01 217.25 Td (full ) Tj ET Q q 0 0 0 rg BT 542.12 217.25 Td (at ) Tj ET Q q 0 0 0 rg BT 552.57 217.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 85.74 205.25 Td (date ) Tj ET Q q 0 0 0 rg BT 104.25 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.02 205.25 Td (August25, ) Tj ET Q q 0 0 0 rg BT 159.77 205.25 Td (201) Tj ET Q q 0 0 0 rg BT 174.40 205.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 183.62 205.25 Td (The ) Tj ET Q q 0 0 0 rg BT 201.02 205.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.77 205.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 273.05 205.25 Td (imputed ) Tj ET Q q 0 0 0 rg BT 307.68 205.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.97 205.25 Td (on ) Tj ET Q q 0 0 0 rg BT 350.83 205.25 Td (these ) Tj ET Q q 0 0 0 rg BT 373.23 205.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 420.07 205.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 443.03 205.25 Td (using ) Tj ET Q q 0 0 0 rg BT 466.56 205.25 Td (an ) Tj ET Q q 0 0 0 rg BT 477.85 205.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.14 205.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.98 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.17 205.25 Td (1.75% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 193.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 113.50 193.25 Td (their ) Tj ET Q q 0 0 0 rg BT 134.69 193.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 170.87 193.25 Td (value ) Tj ET Q q 0 0 0 rg BT 195.39 193.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 241.94 193.25 Td (. ) Tj ET Q q 0 0 0 rg BT 247.31 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.97 193.25 Td (W) Tj ET Q q 0 0 0 rg BT 259.01 193.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 272.43 193.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 303.61 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.26 193.25 Td (this ) Tj ET Q q 0 0 0 rg BT 331.57 193.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 379.42 193.25 Td (note, ) Tj ET Q q 0 0 0 rg BT 402.00 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.30 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.95 193.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 477.78 193.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.42 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.50 193.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 538.59 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 193.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 76.10 181.25 Td (as ) Tj ET Q q 0 0 0 rg BT 86.91 181.25 Td (understood ) Tj ET Q q 0 0 0 rg BT 133.84 181.25 Td (between ) Tj ET Q q 0 0 0 rg BT 169.64 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.35 181.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.72 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.65 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.35 181.25 Td (holder) Tj ET Q q 0 0 0 rg BT 282.50 181.25 Td (, ) Tj ET Q q 0 0 0 rg BT 287.49 181.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 309.98 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.90 181.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 363.27 181.25 Td (election ) Tj ET Q q 0 0 0 rg BT 397.40 181.25 Td (by ) Tj ET Q q 0 0 0 rg BT 409.89 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.60 181.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 452.63 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.34 181.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 508.71 181.25 Td (had ) Tj ET Q q 0 0 0 rg BT 525.64 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.90 181.25 Td (satisfy ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.99 169.25 Td (related ) Tj ET Q q 0 0 0 rg BT 92.97 169.25 Td (original ) Tj ET Q q 0 0 0 rg BT 125.85 169.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 163.17 169.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 195.48 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.03 169.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.58 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.79 169.25 Td (could ) Tj ET Q q 0 0 0 rg BT 264.79 169.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.44 169.25 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 320.54 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.53 169.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 380.19 169.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 408.06 169.25 Td (\(that ) Tj ET Q q 0 0 0 rg BT 428.16 169.25 Td (being ) Tj ET Q q 0 0 0 rg BT 452.16 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.15 169.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 494.03 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.13 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 169.25 Td (conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.46 157.25 Td (over ) Tj ET Q q 0 0 0 rg BT 95.04 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.06 157.25 Td (related ) Tj ET Q q 0 0 0 rg BT 140.07 157.25 Td (original ) Tj ET Q q 0 0 0 rg BT 173.98 157.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 212.33 157.25 Td (component\) ) Tj ET Q q 0 0 0 rg BT 262.91 157.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.49 157.25 Td (either ) Tj ET Q q 0 0 0 rg BT 299.06 157.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 319.64 157.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.78 157.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 354.69 157.25 Td (at ) Tj ET Q q 0 0 0 rg BT 364.72 157.25 Td (option ) Tj ET Q q 0 0 0 rg BT 393.08 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.22 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 157.25 Td (Company) Tj ET Q q 0 0 0 rg BT 457.48 157.25 Td (. ) Tj ET Q q 0 0 0 rg BT 462.79 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.60 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.40 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.21 157.25 Td (On ) Tj ET Q q 0 0 0 rg BT 485.62 157.25 Td (April ) Tj ET Q q 0 0 0 rg BT 509.54 157.25 Td (18, ) Tj ET Q q 0 0 0 rg BT 524.84 157.25 Td (201) Tj ET Q q 0 0 0 rg BT 539.47 157.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 549.78 157.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (Rennes ) Tj ET Q q 0 0 0 rg BT 81.43 145.25 Td (Foundation ) Tj ET Q q 0 0 0 rg BT 128.98 145.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 159.28 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.05 145.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 189.93 145.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 221.91 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.12 145.25 Td (Note. ) Tj ET Q q 0 0 0 rg BT 259.90 145.25 Td (The ) Tj ET Q q 0 0 0 rg BT 277.44 145.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.32 145.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 346.42 145.25 Td (this ) Tj ET Q q 0 0 0 rg BT 362.86 145.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 408.73 145.25 Td (election ) Tj ET Q q 0 0 0 rg BT 442.37 145.25 Td (by ) Tj ET Q q 0 0 0 rg BT 454.36 145.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 483.57 145.25 Td ($5.0million ) Tj ET Q q 0 0 0 rg BT 534.46 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 544.23 145.25 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.63 133.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.80 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.43 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.50 133.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 165.90 133.25 Td (component, ) Tj ET Q q 0 0 0 rg BT 215.68 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.97 133.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 263.04 133.25 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 283.40 133.25 Td (million ) Tj ET Q q 0 0 0 rg BT 315.14 133.25 Td (in ) Tj ET Q q 0 0 0 rg BT 325.77 133.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.39 133.25 Td (with ) Tj ET Q q 0 0 0 rg BT 367.03 133.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 398.19 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.83 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.90 133.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 470.63 133.25 Td (spread. ) Tj ET Q q 0 0 0 rg BT 502.08 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.72 133.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 133.25 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (also ) Tj ET Q q 0 0 0 rg BT 68.61 121.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 114.97 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 121.91 121.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 152.72 121.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 172.44 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.72 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.44 121.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 229.93 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.76 121.25 Td ($108 ) Tj ET Q q 0 0 0 rg BT 263.26 121.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 301.87 121.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.15 121.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 352.96 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.68 121.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 411.28 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.11 121.25 Td (this ) Tj ET Q q 0 0 0 rg BT 439.06 121.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 486.54 121.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 99.25 Td (As ) Tj ET Q q 0 0 0 rg BT 87.61 99.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.44 99.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 142.04 99.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.04 99.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.54 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.48 99.25 Td (December ) Tj ET Q q 0 0 0 rg BT 225.06 99.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 240.06 99.25 Td (201) Tj ET Q q 0 0 0 rg BT 254.69 99.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 262.19 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.91 99.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.30 99.25 Td (has ) Tj ET Q q 0 0 0 rg BT 334.13 99.25 Td (no ) Tj ET Q q 0 0 0 rg BT 346.63 99.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 389.67 99.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 437.15 99.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 456.87 99.25 Td (obligations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 77.25 Td (f-Balance ) Tj ET Q q 0 0 0 rg BT 103.42 77.25 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 128.33 77.25 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 55.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 55.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.58 55.25 Td (do ) Tj ET Q q 0 0 0 rg BT 102.08 55.25 Td (not ) Tj ET Q q 0 0 0 rg BT 117.35 55.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 148.17 55.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.45 55.25 Td (of) Tj ET Q q 0 0 0 rg BT 166.60 55.25 Td (f ) Tj ET Q q 0 0 0 rg BT 172.43 55.25 Td (-balance ) Tj ET Q q 0 0 0 rg BT 208.79 55.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 231.84 55.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 272.10 55.25 Td (arrangements.) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 101.96 742.25 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 152.25 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.31 742.25 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 223.36 742.25 Td (Commitments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 720.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.95 720.25 Td (following ) Tj ET Q q 0 0 0 rg BT 139.24 720.25 Td (table ) Tj ET Q q 0 0 0 rg BT 164.07 720.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 217.23 720.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.97 720.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 283.58 720.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 333.40 720.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 374.34 720.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 424.18 720.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.02 720.25 Td (other ) Tj ET Q q 0 0 0 rg BT 469.97 720.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 514.80 720.25 Td (commercial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 106.49 708.25 Td (as ) Tj ET Q q 0 0 0 rg BT 116.88 708.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.27 708.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 170.42 708.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.42 708.25 Td (. ) Tj ET Q q 0 0 0 rg BT 194.83 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 212.43 708.25 Td (table ) Tj ET Q q 0 0 0 rg BT 233.92 708.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 270.96 708.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 317.46 708.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.84 708.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 384.34 708.25 Td (that ) Tj ET Q q 0 0 0 rg BT 401.39 708.25 Td (are ) Tj ET Q q 0 0 0 rg BT 415.65 708.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 459.92 708.25 Td (based ) Tj ET Q q 0 0 0 rg BT 484.74 708.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.80 708.25 Td (events ) Tj ET Q q 0 0 0 rg BT 524.40 708.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.79 708.25 Td (factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 89.70 696.25 Td (at ) Tj ET Q q 0 0 0 rg BT 99.42 696.25 Td (this ) Tj ET Q q 0 0 0 rg BT 116.37 696.25 Td (time.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.75 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 621.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.75 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 593.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.75 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 565.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 565.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 565.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 565.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 565.75 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 253.5 659.75 m 309.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 659.75 m 313.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 659.75 m 369.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 659.75 m 373.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 659.75 m 442.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 659.75 m 446.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 659.75 m 502.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 659.75 m 506.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 659.75 m 562.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 636.75 m 309.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 636.75 m 369.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 636.75 m 442.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 636.75 m 502.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 636.75 m 562.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 565.75 m 309.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 565.75 m 369.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 565.75 m 442.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 565.75 m 502.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 565.75 m 562.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 552.75 m 309.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 550.75 m 309.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 552.75 m 369.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 550.75 m 369.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 552.75 m 442.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 550.75 m 442.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 552.75 m 502.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 550.75 m 502.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 552.75 m 562.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 550.75 m 562.5 550.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 664.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.80 664.43 Td (Payment Due by Period) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 270.05 641.43 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.95 650.48 Td (Less ) Tj ET Q q 0 0 0 rg BT 340.16 650.48 Td (Than) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.50 640.48 Td (1 ) Tj ET Q q 0 0 0 rg BT 334.63 640.48 Td (Y) Tj ET Q q 0 0 0 rg BT 340.74 640.48 Td (ear) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.80 641.43 Td (1-3 Years) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 641.43 Td (3-5 Years) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.45 650.48 Td (Mor) Tj ET Q q 0 0 0 rg BT 530.15 650.48 Td (e than) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.85 640.48 Td (5 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 626.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 626.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 626.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.05 626.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 626.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 626.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 612.32 Td (Revolving line of credit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 612.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 612.32 Td (31,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 612.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 612.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 612.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 612.32 Td (31,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 612.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 612.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 612.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 612.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 598.32 Td (Long-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 598.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 598.32 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 598.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 598.32 Td (8,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 598.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 598.32 Td (9,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 598.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 598.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 598.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 598.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 584.32 Td (Operating leases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 584.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 584.32 Td (15,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 584.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 584.32 Td (4,256) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 584.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 584.32 Td (5,868) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 584.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 584.32 Td (2,867) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 584.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 584.32 Td (2,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 570.32 Td (Capital leases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 570.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.65 570.32 Td (825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 570.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 570.32 Td (363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 570.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 570.32 Td (462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 570.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 570.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 570.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 570.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 556.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 556.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 556.32 Td (66,485) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 556.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 556.32 Td (13,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 556.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 556.32 Td (47,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 556.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 556.32 Td (2,867) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 556.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 556.32 Td (2,919) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 516.68505859375 m 204.248046875 516.68505859375 l s q 0 0 0 rg BT 50.00 518.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 518.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.77 518.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 143.13 518.25 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.25 Td (For ) Tj ET Q q 0 0 0 rg BT 90.00 496.25 Td (information ) Tj ET Q q 0 0 0 rg BT 139.32 496.25 Td (about ) Tj ET Q q 0 0 0 rg BT 163.64 496.25 Td (new ) Tj ET Q q 0 0 0 rg BT 182.41 496.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.39 496.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 296.59 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.13 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.46 496.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 364.55 496.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 393.87 496.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.98 496.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.42 496.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 476.30 496.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 515.62 496.25 Td (Statements, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (see ) Tj ET Q q 0 0 0 rg BT 65.31 484.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 87.30 484.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 94.85 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.72 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.49 484.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 165.24 484.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 188.89 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 199.22 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.98 484.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 258.74 484.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 311.82 484.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.35 484.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 394.11 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.43 484.25 Td (this ) Tj ET Q q 0 0 0 rg BT 421.43 484.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 445.64 484.25 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 468.74 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.73 484.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 507.71 484.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 515.26 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.14 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.90 484.25 Td (notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 472.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 113.32 472.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.80 472.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 195.51 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.79 472.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.62 472.25 Td (201) Tj ET Q q 0 0 0 rg BT 236.25 472.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 243.75 472.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 267.92 472.25 Td (10-K.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 448.68505859375 m 231.6552734375 448.68505859375 l s q 0 0 0 rg BT 50.00 450.25 Td (Application ) Tj ET Q q 0 0 0 rg BT 102.51 450.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.34 450.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 148.05 450.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 199.44 450.25 Td (Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.34 428.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 144.67 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.79 428.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.57 428.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.58 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.15 428.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 306.38 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 328.95 428.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 370.95 428.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 410.71 428.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 459.38 428.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 503.61 428.25 Td (\(GAAP\), ) Tj ET Q q 0 0 0 rg BT 553.67 428.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 103.11 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.46 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.25 416.25 Td (United ) Tj ET Q q 0 0 0 rg BT 158.04 416.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 187.00 416.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 221.78 416.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.68 416.25 Td (management ) Tj ET Q q 0 0 0 rg BT 291.34 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.70 416.25 Td (make ) Tj ET Q q 0 0 0 rg BT 325.92 416.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 365.71 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.72 416.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 434.74 416.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.31 416.25 Td (af) Tj ET Q q 0 0 0 rg BT 459.89 416.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 477.45 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.24 416.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 528.13 416.25 Td (amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 62.03 404.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 89.07 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 404.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 150.63 404.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 189.87 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.01 404.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 247.81 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.96 404.25 Td (related ) Tj ET Q q 0 0 0 rg BT 296.86 404.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 345.00 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.04 404.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 402.95 404.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.99 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.13 404.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 489.05 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.53 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 517.57 404.25 Td (Condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.46 392.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 145.37 392.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 191.94 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.07 392.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 270.07 392.25 Td (notes. ) Tj ET Q q 0 0 0 rg BT 296.17 392.25 Td (W) Tj ET Q q 0 0 0 rg BT 304.81 392.25 Td (e ) Tj ET Q q 0 0 0 rg BT 311.94 392.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 343.50 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.41 392.25 Td (most ) Tj ET Q q 0 0 0 rg BT 380.55 392.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 417.67 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.80 392.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 472.49 392.25 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 519.34 392.25 Td (because ) Tj ET Q q 0 0 0 rg BT 553.68 392.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td (their ) Tj ET Q q 0 0 0 rg BT 71.67 380.25 Td (significance ) Tj ET Q q 0 0 0 rg BT 123.33 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.45 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.01 380.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 197.79 380.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 253.91 380.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 294.47 380.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 344.19 380.25 Td (result ) Tj ET Q q 0 0 0 rg BT 369.76 380.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 410.31 380.25 Td (from ) Tj ET Q q 0 0 0 rg BT 433.10 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.66 380.25 Td (need ) Tj ET Q q 0 0 0 rg BT 470.88 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.00 380.25 Td (make ) Tj ET Q q 0 0 0 rg BT 507.00 380.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 547.56 380.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 368.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.18 368.25 Td (about ) Tj ET Q q 0 0 0 rg BT 125.12 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.06 368.25 Td (ef) Tj ET Q q 0 0 0 rg BT 146.65 368.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 167.26 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.31 368.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 208.48 368.25 Td (that ) Tj ET Q q 0 0 0 rg BT 225.20 368.25 Td (are ) Tj ET Q q 0 0 0 rg BT 239.13 368.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 281.40 368.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 322.71 368.25 Td (The ) Tj ET Q q 0 0 0 rg BT 339.98 368.25 Td (following ) Tj ET Q q 0 0 0 rg BT 380.60 368.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 426.20 368.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 459.03 368.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 490.75 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.69 368.25 Td (use ) Tj ET Q q 0 0 0 rg BT 519.75 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.81 368.25 Td (critical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 356.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.05 356.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 139.89 356.25 Td (because ) Tj ET Q q 0 0 0 rg BT 173.72 356.25 Td (they ) Tj ET Q q 0 0 0 rg BT 193.12 356.25 Td (are ) Tj ET Q q 0 0 0 rg BT 207.50 356.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 255.78 356.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 299.05 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 311.24 356.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 350.63 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.25 356.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 418.88 356.25 Td (made ) Tj ET Q q 0 0 0 rg BT 442.72 356.25 Td (by ) Tj ET Q q 0 0 0 rg BT 454.90 356.25 Td (management ) Tj ET Q q 0 0 0 rg BT 508.17 356.25 Td (about ) Tj ET Q q 0 0 0 rg BT 532.57 356.25 Td (matters ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.17 344.25 Td (are ) Tj ET Q q 0 0 0 rg BT 81.54 344.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 120.92 344.25 Td (at ) Tj ET Q q 0 0 0 rg BT 130.30 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.69 344.25 Td (time ) Tj ET Q q 0 0 0 rg BT 164.63 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.02 344.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 225.06 344.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 264.45 344.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.82 344.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 305.15 344.25 Td (In ) Tj ET Q q 0 0 0 rg BT 315.65 344.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 353.09 344.25 Td (while ) Tj ET Q q 0 0 0 rg BT 377.48 344.25 Td (we ) Tj ET Q q 0 0 0 rg BT 391.31 344.25 Td (have ) Tj ET Q q 0 0 0 rg BT 412.36 344.25 Td (used ) Tj ET Q q 0 0 0 rg BT 432.86 344.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.36 344.25 Td (best ) Tj ET Q q 0 0 0 rg BT 466.64 344.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 506.02 344.25 Td (based ) Tj ET Q q 0 0 0 rg BT 530.96 344.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.13 344.25 Td (facts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.36 332.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 124.93 332.25 Td (available ) Tj ET Q q 0 0 0 rg BT 162.94 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.65 332.25 Td (us ) Tj ET Q q 0 0 0 rg BT 183.46 332.25 Td (at ) Tj ET Q q 0 0 0 rg BT 192.61 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.75 332.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 228.95 332.25 Td (dif) Tj ET Q q 0 0 0 rg BT 239.88 332.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 265.12 332.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 304.25 332.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 349.49 332.25 Td (could ) Tj ET Q q 0 0 0 rg BT 373.64 332.25 Td (have ) Tj ET Q q 0 0 0 rg BT 394.44 332.25 Td (been ) Tj ET Q q 0 0 0 rg BT 415.24 332.25 Td (used ) Tj ET Q q 0 0 0 rg BT 435.50 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.20 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.34 332.25 Td (current ) Tj ET Q q 0 0 0 rg BT 489.58 332.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 519.55 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 529.81 332.25 Td (changes ) Tj ET Q BT /F2 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 60.37 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.18 320.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 121.64 320.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 161.44 320.25 Td (that ) Tj ET Q q 0 0 0 rg BT 179.03 320.25 Td (we ) Tj ET Q q 0 0 0 rg BT 193.28 320.25 Td (used ) Tj ET Q q 0 0 0 rg BT 214.20 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.99 320.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 274.90 320.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 300.26 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.63 320.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 335.43 320.25 Td (from ) Tj ET Q q 0 0 0 rg BT 357.46 320.25 Td (period ) Tj ET Q q 0 0 0 rg BT 385.60 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.96 320.25 Td (period ) Tj ET Q q 0 0 0 rg BT 424.10 320.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.13 320.25 Td (may ) Tj ET Q q 0 0 0 rg BT 470.94 320.25 Td (have ) Tj ET Q q 0 0 0 rg BT 492.40 320.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.43 320.25 Td (material ) Tj ET Q q 0 0 0 rg BT 534.78 320.25 Td (impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.28 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.88 308.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.14 308.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 155.19 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.90 308.25 Td (results ) Tj ET Q q 0 0 0 rg BT 200.28 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.89 308.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 257.32 308.25 Td (For ) Tj ET Q q 0 0 0 rg BT 273.49 308.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 315.75 308.25 Td (information ) Tj ET Q q 0 0 0 rg BT 365.24 308.25 Td (about ) Tj ET Q q 0 0 0 rg BT 389.73 308.25 Td (these ) Tj ET Q q 0 0 0 rg BT 412.55 308.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 448.43 308.25 Td (see ) Tj ET Q q 0 0 0 rg BT 463.48 308.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 485.19 308.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 492.47 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.07 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.56 308.25 Td (Condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 74.98 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.40 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.27 296.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 144.35 296.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 198.77 296.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 237.63 296.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 283.16 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 292.58 296.25 Td (this ) Tj ET Q q 0 0 0 rg BT 308.68 296.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 332.00 296.25 Td (10-Q. ) Tj ET Q q 0 0 0 rg BT 356.33 296.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 395.76 296.25 Td (we ) Tj ET Q q 0 0 0 rg BT 409.06 296.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 439.58 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.23 296.25 Td (our ) Tj ET Q q 0 0 0 rg BT 471.20 296.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 512.56 296.25 Td (assumptions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 284.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 110.34 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 124.67 284.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 172.05 284.25 Td (they ) Tj ET Q q 0 0 0 rg BT 191.38 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.71 284.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 236.16 284.25 Td (based ) Tj ET Q q 0 0 0 rg BT 261.05 284.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.17 284.25 Td (information ) Tj ET Q q 0 0 0 rg BT 332.50 284.25 Td (presently ) Tj ET Q q 0 0 0 rg BT 371.28 284.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 411.52 284.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 440.30 284.25 Td (results ) Tj ET Q q 0 0 0 rg BT 468.53 284.25 Td (may ) Tj ET Q q 0 0 0 rg BT 487.86 284.25 Td (dif) Tj ET Q q 0 0 0 rg BT 498.79 284.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 512.01 284.25 Td (significantly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 272.25 Td (these ) Tj ET Q q 0 0 0 rg BT 94.99 272.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 134.70 272.25 Td (under ) Tj ET Q q 0 0 0 rg BT 159.97 272.25 Td (dif) Tj ET Q q 0 0 0 rg BT 170.89 272.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 196.71 272.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 251.16 272.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 295.32 272.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.15 272.25 Td (conditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.16 250.25 Td (Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 228.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 228.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.10 228.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 164.31 228.25 Td (its ) Tj ET Q q 0 0 0 rg BT 176.08 228.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.95 228.25 Td (from ) Tj ET Q q 0 0 0 rg BT 235.72 228.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 286.93 228.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.70 228.25 Td (support ) Tj ET Q q 0 0 0 rg BT 336.03 228.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 373.07 228.25 Td (which ) Tj ET Q q 0 0 0 rg BT 399.84 228.25 Td (include: ) Tj ET Q q 0 0 0 rg BT 434.39 228.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 447.82 228.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.15 228.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 501.37 228.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.14 228.25 Td (transaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.87 216.25 Td (related ) Tj ET Q q 0 0 0 rg BT 98.85 216.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.41 216.25 Td (services ) Tj ET Q q 0 0 0 rg BT 144.39 216.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 184.37 216.25 Td (over ) Tj ET Q q 0 0 0 rg BT 204.91 216.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.02 216.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 265.44 216.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.55 216.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.32 216.25 Td (an ) Tj ET Q q 0 0 0 rg BT 301.54 216.25 Td (application ) Tj ET Q q 0 0 0 rg BT 348.74 216.25 Td (service ) Tj ET Q q 0 0 0 rg BT 379.83 216.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 416.48 216.25 Td (\(ASP\) ) Tj ET Q q 0 0 0 rg BT 453.14 216.25 Td (basis; ) Tj ET Q q 0 0 0 rg BT 478.70 216.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 493.13 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.91 216.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 547.57 216.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 98.15 204.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 118.53 204.25 Td (related ) Tj ET Q q 0 0 0 rg BT 150.01 204.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.07 204.25 Td (services ) Tj ET Q q 0 0 0 rg BT 198.55 204.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 240.04 204.25 Td (over ) Tj ET Q q 0 0 0 rg BT 262.08 204.25 Td (our ) Tj ET Q q 0 0 0 rg BT 279.69 204.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 325.62 204.25 Td (or ) Tj ET Q q 0 0 0 rg BT 338.23 204.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.51 204.25 Td (an ) Tj ET Q q 0 0 0 rg BT 366.22 204.25 Td (application ) Tj ET Q q 0 0 0 rg BT 414.93 204.25 Td (service ) Tj ET Q q 0 0 0 rg BT 447.53 204.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 485.68 204.25 Td (\(ASP\) ) Tj ET Q q 0 0 0 rg BT 523.84 204.25 Td (basis; ) Tj ET Q q 0 0 0 rg BT 550.90 204.25 Td (\(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 192.25 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 118.71 192.25 Td (training, ) Tj ET Q q 0 0 0 rg BT 155.76 192.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.65 192.25 Td (project ) Tj ET Q q 0 0 0 rg BT 204.86 192.25 Td (management ) Tj ET Q q 0 0 0 rg BT 259.39 192.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 298.39 192.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.61 192.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 353.61 192.25 Td (with ) Tj ET Q q 0 0 0 rg BT 374.83 192.25 Td (installed ) Tj ET Q q 0 0 0 rg BT 412.16 192.25 Td (systems; ) Tj ET Q q 0 0 0 rg BT 450.06 192.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 465.17 192.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 500.26 192.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 542.57 192.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 180.25 Td (software ) Tj ET Q q 0 0 0 rg BT 87.14 180.25 Td (development ) Tj ET Q q 0 0 0 rg BT 141.49 180.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 175.85 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.00 180.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 236.80 180.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 255.60 180.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.97 180.25 Td (consulting; ) Tj ET Q q 0 0 0 rg BT 317.12 180.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 336.77 180.25 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 350.57 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.49 180.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 404.30 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.34 180.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 462.47 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.62 180.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 525.09 180.25 Td (software. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 73.21 168.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.75 168.25 Td (value-added ) Tj ET Q q 0 0 0 rg BT 140.72 168.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 163.36 168.25 Td (are ) Tj ET Q q 0 0 0 rg BT 177.67 168.25 Td (not ) Tj ET Q q 0 0 0 rg BT 192.55 168.25 Td (included ) Tj ET Q q 0 0 0 rg BT 229.09 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.97 168.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 279.11 168.25 Td (but ) Tj ET Q q 0 0 0 rg BT 293.99 168.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 319.41 168.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.72 168.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 370.79 168.25 Td (as ) Tj ET Q q 0 0 0 rg BT 381.23 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 387.77 168.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 420.98 168.25 Td (until ) Tj ET Q q 0 0 0 rg BT 441.41 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.73 168.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 478.38 168.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 514.37 168.25 Td (are ) Tj ET Q q 0 0 0 rg BT 528.67 168.25 Td (remitted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 156.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 118.03 156.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 145.52 156.25 Td (authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 134.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.91 134.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 136.45 134.25 Td (with ) Tj ET Q q 0 0 0 rg BT 158.80 134.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 199.58 134.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 250.81 134.25 Td (Standard ) Tj ET Q q 0 0 0 rg BT 290.94 134.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 319.96 134.25 Td (\("F) Tj ET Q q 0 0 0 rg BT 332.19 134.25 Td (ASB"\)and ) Tj ET Q q 0 0 0 rg BT 380.57 134.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 424.58 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.60 134.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 487.60 134.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 542.74 134.25 Td (Staf) Tj ET Q q 0 0 0 rg BT 558.67 134.25 Td (f ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.42 122.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 115.73 122.25 Td (SEC\)accounting ) Tj ET Q q 0 0 0 rg BT 194.42 122.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 232.28 122.25 Td (on ) Tj ET Q q 0 0 0 rg BT 244.04 122.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 277.45 122.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 324.76 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.74 122.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.39 122.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 418.93 122.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 452.34 122.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 480.75 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.95 122.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 537.57 122.25 Td (when: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 110.25 Td (\(a\)persuasive ) Tj ET Q q 0 0 0 rg BT 108.51 110.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 146.75 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.79 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.71 110.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 194.86 110.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 247.54 110.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 275.52 110.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 313.78 110.25 Td (that ) Tj ET Q q 0 0 0 rg BT 331.48 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 110.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 399.08 110.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 414.00 110.25 Td (is ) Tj ET Q q 0 0 0 rg BT 423.38 110.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 446.63 110.25 Td (or ) Tj ET Q q 0 0 0 rg BT 457.67 110.25 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 515.07 110.25 Td (\(b\)delivery ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.25 98.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 114.69 98.25 Td (has ) Tj ET Q q 0 0 0 rg BT 130.94 98.25 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 171.33 98.25 Td (\(c\)customer ) Tj ET Q q 0 0 0 rg BT 224.51 98.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 271.27 98.25 Td (has ) Tj ET Q q 0 0 0 rg BT 287.52 98.25 Td (been ) Tj ET Q q 0 0 0 rg BT 309.32 98.25 Td (received, ) Tj ET Q q 0 0 0 rg BT 348.60 98.25 Td (if ) Tj ET Q q 0 0 0 rg BT 357.63 98.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 412.74 98.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 451.48 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.83 98.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 483.41 98.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 538.54 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 98.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 103.89 86.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 120.02 86.25 Td (is ) Tj ET Q q 0 0 0 rg BT 130.61 86.25 Td (probable. ) Tj ET Q q 0 0 0 rg BT 171.74 86.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.21 86.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.02 86.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 275.14 86.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 296.29 86.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 326.32 86.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 374.66 86.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 424.11 86.25 Td (as ) Tj ET Q q 0 0 0 rg BT 436.36 86.25 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 482.49 86.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 521.95 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.20 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 542.56 86.25 Td (sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 104.28 74.25 Td (W) Tj ET Q q 0 0 0 rg BT 112.92 74.25 Td (e ) Tj ET Q q 0 0 0 rg BT 119.31 74.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 143.47 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.64 74.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 201.26 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.54 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.70 74.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 259.86 74.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 299.01 74.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 335.93 74.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 381.75 74.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 423.13 74.25 Td (related ) Tj ET Q q 0 0 0 rg BT 452.29 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.01 74.25 Td (all ) Tj ET Q q 0 0 0 rg BT 473.96 74.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 523.67 74.25 Td (involving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.43 62.25 Td (license ) Tj ET Q q 0 0 0 rg BT 96.40 62.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.94 62.25 Td (software ) Tj ET Q q 0 0 0 rg BT 145.58 62.25 Td (where ) Tj ET Q q 0 0 0 rg BT 173.22 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.64 62.25 Td (software ) Tj ET Q q 0 0 0 rg BT 226.28 62.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 277.80 62.25 Td (are ) Tj ET Q q 0 0 0 rg BT 293.22 62.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 339.74 62.25 Td (more ) Tj ET Q q 0 0 0 rg BT 363.50 62.25 Td (than ) Tj ET Q q 0 0 0 rg BT 383.92 62.25 Td (inconsequential ) Tj ET Q q 0 0 0 rg BT 449.89 62.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.88 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.31 62.25 Td (other ) Tj ET Q q 0 0 0 rg BT 500.06 62.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 538.81 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 62.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 50.25 Td (arrangement. ) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 91.53 742.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.27 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.90 742.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 182.97 742.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 219.94 742.10 Td (deliverables, ) Tj ET Q q 0 0 0 rg BT 274.40 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 289.70 742.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 323.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.73 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 375.01 742.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 432.51 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.93 742.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 492.53 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.95 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.81 742.10 Td (relevant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.57 730.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 134.92 730.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 176.00 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 202.92 730.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 239.83 730.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 270.63 730.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 313.65 730.10 Td (how ) Tj ET Q q 0 0 0 rg BT 333.35 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.61 730.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 386.07 730.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 420.76 730.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 447.13 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.94 730.10 Td (services ) Tj ET Q q 0 0 0 rg BT 492.63 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.11 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 524.79 730.10 Td (delivered ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 94.42 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.08 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.41 718.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 150.51 718.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 173.84 718.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 227.69 718.10 Td (should ) Tj ET Q q 0 0 0 rg BT 258.25 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.57 718.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 318.77 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 330.99 718.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 367.63 718.10 Td (units ) Tj ET Q q 0 0 0 rg BT 390.97 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.18 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 450.94 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.49 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.59 718.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 518.14 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.35 718.10 Td (revenue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 101.83 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.63 706.10 Td (Generally ) Tj ET Q q 0 0 0 rg BT 148.84 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 173.18 706.10 Td (types ) Tj ET Q q 0 0 0 rg BT 198.08 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.20 706.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 267.86 706.10 Td (include ) Tj ET Q q 0 0 0 rg BT 301.08 706.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 353.19 706.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 397.52 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.09 706.10 Td (software ) Tj ET Q q 0 0 0 rg BT 447.31 706.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 485.26 706.10 Td (system ) Tj ET Q q 0 0 0 rg BT 516.83 706.10 Td (set-up, ) Tj ET Q q 0 0 0 rg BT 547.56 706.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 100.45 694.10 Td (services ) Tj ET Q q 0 0 0 rg BT 134.22 694.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.89 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.24 694.10 Td (product ) Tj ET Q q 0 0 0 rg BT 228.35 694.10 Td (customization ) Tj ET Q q 0 0 0 rg BT 286.02 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.92 694.10 Td (modification. ) Tj ET Q q 0 0 0 rg BT 351.09 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.66 694.10 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 389.21 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.11 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.90 694.10 Td (various ) Tj ET Q q 0 0 0 rg BT 443.91 694.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 489.90 694.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 527.01 694.10 Td (typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 77.84 682.10 Td (over ) Tj ET Q q 0 0 0 rg BT 97.35 682.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 128.52 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.59 682.10 Td (less ) Tj ET Q q 0 0 0 rg BT 155.33 682.10 Td (than ) Tj ET Q q 0 0 0 rg BT 174.29 682.10 Td (eighteen ) Tj ET Q q 0 0 0 rg BT 209.90 682.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 243.59 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.20 682.10 Td (These ) Tj ET Q q 0 0 0 rg BT 270.82 682.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 326.42 682.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 365.37 682.10 Td (do ) Tj ET Q q 0 0 0 rg BT 377.10 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 391.62 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 412.24 682.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 440.08 682.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 483.49 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.56 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 514.17 682.10 Td (very ) Tj ET Q q 0 0 0 rg BT 533.68 682.10 Td (limited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 78.60 670.10 Td (terms. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 648.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 112.79 648.10 Td (development ) Tj ET Q q 0 0 0 rg BT 167.13 648.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 223.69 648.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 264.72 648.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 309.62 648.10 Td (customization, ) Tj ET Q q 0 0 0 rg BT 370.91 648.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 424.71 648.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.73 648.10 Td (production ) Tj ET Q q 0 0 0 rg BT 481.75 648.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.65 648.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 539.87 648.10 Td (for ) Tj ET Q q 0 0 0 rg BT 554.22 648.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.19 636.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.19 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.63 636.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 179.38 636.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 217.70 636.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 263.79 636.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 302.11 636.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 329.34 636.10 Td (by ) Tj ET Q q 0 0 0 rg BT 341.56 636.10 Td (F) Tj ET Q q 0 0 0 rg BT 346.38 636.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 368.06 636.10 Td (using ) Tj ET Q q 0 0 0 rg BT 391.95 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.39 636.10 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 511.90 636.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 546.46 636.10 Td (The ) Tj ET Q BT /F2 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 92.06 624.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 137.98 624.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 172.79 624.10 Td (using ) Tj ET Q q 0 0 0 rg BT 197.63 624.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 233.56 624.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 270.05 624.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 297.09 624.10 Td (hours ) Tj ET Q q 0 0 0 rg BT 322.48 624.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 355.64 624.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.14 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.75 624.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 421.22 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.71 624.10 Td (total ) Tj ET Q q 0 0 0 rg BT 453.66 624.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 492.36 624.10 Td (hours ) Tj ET Q q 0 0 0 rg BT 517.75 624.10 Td (required ) Tj ET Q q 0 0 0 rg BT 554.23 624.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 89.15 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.87 612.10 Td (project ) Tj ET Q q 0 0 0 rg BT 134.13 612.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 186.60 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.54 612.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 234.37 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.08 612.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 294.88 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.16 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.88 612.10 Td (total ) Tj ET Q q 0 0 0 rg BT 340.15 612.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 392.62 612.10 Td (fee.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 96.94 590.10 Td (for) Tj ET Q q 0 0 0 rg BT 109.53 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.03 590.10 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 152.32 590.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 194.26 590.10 Td (Receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 568.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 130.78 568.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 181.44 568.10 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 220.44 568.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 260.00 568.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 305.65 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.66 568.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 366.45 568.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 385.46 568.10 Td (debts, ) Tj ET Q q 0 0 0 rg BT 413.64 568.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 445.67 568.10 Td (fs, ) Tj ET Q q 0 0 0 rg BT 459.96 568.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 501.19 568.10 Td (concentrations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.15 556.10 Td (credit-worthiness, ) Tj ET Q q 0 0 0 rg BT 163.57 556.10 Td (current ) Tj ET Q q 0 0 0 rg BT 194.39 556.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 235.76 556.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 262.69 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.63 556.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.33 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.61 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.44 556.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 379.59 556.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 416.52 556.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 441.24 556.10 Td (when ) Tj ET Q q 0 0 0 rg BT 465.39 556.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 509.54 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.26 556.10 Td (adequacy ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 544.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 118.58 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.74 544.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 169.13 544.10 Td (accounts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.30 522.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 93.81 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.64 522.10 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 500.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 114.31 500.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 157.39 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.14 500.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 190.79 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.10 500.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 229.74 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.60 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.36 500.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.77 500.10 Td (value ) Tj ET Q q 0 0 0 rg BT 295.96 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.83 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.58 500.10 Td (net ) Tj ET Q q 0 0 0 rg BT 336.34 500.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.20 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.07 500.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 410.03 500.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 457.29 500.10 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 522.02 500.10 Td (intangible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.52 488.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 114.36 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.77 488.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 144.83 488.10 Td (value ) Tj ET Q q 0 0 0 rg BT 168.68 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.20 488.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 215.82 488.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 262.43 488.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 301.28 488.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 354.57 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.42 488.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.05 488.10 Td (future ) Tj ET Q q 0 0 0 rg BT 421.12 488.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.08 488.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 465.49 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.89 488.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 517.62 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.58 488.10 Td (continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 95.45 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.74 476.10 Td (In ) Tj ET Q q 0 0 0 rg BT 111.86 476.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 159.62 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 180.19 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.20 476.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 230.19 476.10 Td (F) Tj ET Q q 0 0 0 rg BT 235.01 476.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 257.25 476.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 303.92 476.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 345.30 476.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 383.65 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.88 476.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 465.32 476.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 508.10 476.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 534.22 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 549.22 476.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 92.50 464.10 Td (but ) Tj ET Q q 0 0 0 rg BT 107.80 464.10 Td (are ) Tj ET Q q 0 0 0 rg BT 122.53 464.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 148.38 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.56 464.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 211.18 464.10 Td (at ) Tj ET Q q 0 0 0 rg BT 220.91 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.65 464.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 274.83 464.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 292.91 464.10 Td (level ) Tj ET Q q 0 0 0 rg BT 314.86 464.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.38 464.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.34 464.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 368.52 464.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 391.04 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.89 464.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.41 464.10 Td (an ) Tj ET Q q 0 0 0 rg BT 426.37 464.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 457.77 464.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 480.29 464.10 Td (if ) Tj ET Q q 0 0 0 rg BT 488.92 464.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.88 464.10 Td (event ) Tj ET Q q 0 0 0 rg BT 525.06 464.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 553.68 464.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.12 452.10 Td (change ) Tj ET Q q 0 0 0 rg BT 137.91 452.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.38 452.10 Td (would ) Tj ET Q q 0 0 0 rg BT 180.85 452.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 205.10 452.10 Td (have ) Tj ET Q q 0 0 0 rg BT 225.45 452.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 258.57 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.26 452.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.61 452.10 Td (value ) Tj ET Q q 0 0 0 rg BT 310.74 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.55 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.46 452.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 364.59 452.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 381.62 452.10 Td (below ) Tj ET Q q 0 0 0 rg BT 407.53 452.10 Td (its ) Tj ET Q q 0 0 0 rg BT 418.46 452.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 453.25 452.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 478.88 452.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 515.90 452.10 Td (impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 91.99 440.10 Td (include ) Tj ET Q q 0 0 0 rg BT 123.97 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.96 440.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 175.73 440.10 Td (change ) Tj ET Q q 0 0 0 rg BT 206.60 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.93 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.70 440.10 Td (business ) Tj ET Q q 0 0 0 rg BT 268.14 440.10 Td (climate, ) Tj ET Q q 0 0 0 rg BT 302.62 440.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 324.61 440.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 356.87 440.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 397.19 440.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 450.26 440.10 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 494.75 440.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 547.57 440.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.05 428.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 81.42 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.58 428.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 137.31 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.47 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.74 428.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 197.78 428.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 228.50 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.66 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.71 428.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 290.79 428.10 Td (The ) Tj ET Q q 0 0 0 rg BT 308.17 428.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 356.10 428.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 399.58 428.10 Td (process ) Tj ET Q q 0 0 0 rg BT 431.40 428.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 467.12 428.10 Td (an ) Tj ET Q q 0 0 0 rg BT 478.39 428.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 524.65 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.81 428.10 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 94.32 416.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 123.63 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.52 416.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 175.61 416.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 209.93 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.25 416.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 263.56 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.00 416.10 Td (events ) Tj ET Q q 0 0 0 rg BT 301.66 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.10 416.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 370.85 416.10 Td (would ) Tj ET Q q 0 0 0 rg BT 397.96 416.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 431.72 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.82 416.10 Td (it ) Tj ET Q q 0 0 0 rg BT 456.49 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.27 416.10 Td (more ) Tj ET Q q 0 0 0 rg BT 487.92 416.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 512.81 416.10 Td (than ) Tj ET Q q 0 0 0 rg BT 532.13 416.10 Td (not ) Tj ET Q q 0 0 0 rg BT 547.02 416.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 404.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.91 404.10 Td (value ) Tj ET Q q 0 0 0 rg BT 104.98 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.71 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 132.56 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.30 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.04 404.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 198.10 404.10 Td (units ) Tj ET Q q 0 0 0 rg BT 219.96 404.10 Td (was ) Tj ET Q q 0 0 0 rg BT 237.92 404.10 Td (less ) Tj ET Q q 0 0 0 rg BT 255.33 404.10 Td (than ) Tj ET Q q 0 0 0 rg BT 274.95 404.10 Td (their ) Tj ET Q q 0 0 0 rg BT 295.69 404.10 Td (than ) Tj ET Q q 0 0 0 rg BT 315.31 404.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.17 404.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 362.89 404.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 397.80 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.21 404.10 Td (If ) Tj ET Q q 0 0 0 rg BT 409.28 404.10 Td (after ) Tj ET Q q 0 0 0 rg BT 430.00 404.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 469.63 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 404.10 Td (totality ) Tj ET Q q 0 0 0 rg BT 514.99 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.73 404.10 Td (events ) Tj ET Q q 0 0 0 rg BT 553.69 404.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.19 392.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.91 392.10 Td (were ) Tj ET Q q 0 0 0 rg BT 146.39 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.22 392.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 198.25 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.30 392.10 Td (it ) Tj ET Q q 0 0 0 rg BT 222.91 392.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.64 392.10 Td (not ) Tj ET Q q 0 0 0 rg BT 246.47 392.10 Td (more ) Tj ET Q q 0 0 0 rg BT 269.07 392.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 293.89 392.10 Td (than ) Tj ET Q q 0 0 0 rg BT 313.16 392.10 Td (not ) Tj ET Q q 0 0 0 rg BT 328.00 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 345.04 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 392.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.24 392.10 Td (value ) Tj ET Q q 0 0 0 rg BT 398.95 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.34 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.83 392.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.54 392.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 472.15 392.10 Td (is ) Tj ET Q q 0 0 0 rg BT 480.87 392.10 Td (less ) Tj ET Q q 0 0 0 rg BT 497.92 392.10 Td (than ) Tj ET Q q 0 0 0 rg BT 517.19 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.69 392.10 Td (carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 85.00 380.10 Td (then ) Tj ET Q q 0 0 0 rg BT 104.71 380.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.87 380.10 Td (would ) Tj ET Q q 0 0 0 rg BT 146.37 380.10 Td (not ) Tj ET Q q 0 0 0 rg BT 161.65 380.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 196.36 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.07 380.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 248.01 380.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 297.72 380.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 346.32 380.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 375.48 380.10 Td (described ) Tj ET Q q 0 0 0 rg BT 416.30 380.10 Td (further ) Tj ET Q q 0 0 0 rg BT 446.01 380.10 Td (below) Tj ET Q q 0 0 0 rg BT 469.79 380.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.27 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.04 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.61 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.92 358.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 164.44 358.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 201.65 358.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 251.62 358.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 281.05 358.10 Td (process ) Tj ET Q q 0 0 0 rg BT 313.81 358.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 350.47 358.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 396.00 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.99 358.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 450.41 358.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 468.74 358.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 504.82 358.10 Td (values ) Tj ET Q q 0 0 0 rg BT 533.13 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 358.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.28 346.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.90 346.10 Td (values; ) Tj ET Q q 0 0 0 rg BT 137.98 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.38 346.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 193.11 346.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.73 346.10 Td (value ) Tj ET Q q 0 0 0 rg BT 232.14 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.21 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.29 346.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 295.69 346.10 Td (units ) Tj ET Q q 0 0 0 rg BT 316.89 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.64 346.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 365.38 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.34 346.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 424.41 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.93 346.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 464.01 346.10 Td (method ) Tj ET Q q 0 0 0 rg BT 495.75 346.10 Td (using ) Tj ET Q q 0 0 0 rg BT 519.17 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 346.10 Td (present ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.24 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.15 334.10 Td (future ) Tj ET Q q 0 0 0 rg BT 111.61 334.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.51 334.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.31 334.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.67 334.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 214.97 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 224.21 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.01 334.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.47 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 279.71 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.63 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.65 334.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 336.88 334.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 355.02 334.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 389.25 334.10 Td (its ) Tj ET Q q 0 0 0 rg BT 401.28 334.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 437.18 334.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 463.92 334.10 Td (then ) Tj ET Q q 0 0 0 rg BT 483.72 334.10 Td (no ) Tj ET Q q 0 0 0 rg BT 496.30 334.10 Td (further ) Tj ET Q q 0 0 0 rg BT 526.09 334.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 555.34 334.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 88.24 322.10 Td (However) Tj ET Q q 0 0 0 rg BT 124.49 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.41 322.10 Td (if ) Tj ET Q q 0 0 0 rg BT 137.94 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.80 322.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 183.88 322.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 207.55 322.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.85 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 247.92 322.10 Td (were ) Tj ET Q q 0 0 0 rg BT 269.78 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.98 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.84 322.10 Td (less ) Tj ET Q q 0 0 0 rg BT 309.26 322.10 Td (than ) Tj ET Q q 0 0 0 rg BT 328.90 322.10 Td (its ) Tj ET Q q 0 0 0 rg BT 340.77 322.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 376.50 322.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 403.08 322.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.16 322.10 Td (would ) Tj ET Q q 0 0 0 rg BT 444.58 322.10 Td (then ) Tj ET Q q 0 0 0 rg BT 464.22 322.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 506.63 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.26 322.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.68 322.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.14 310.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.16 310.10 Td (char) Tj ET Q q 0 0 0 rg BT 131.18 310.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 146.04 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 155.07 310.10 Td (any) Tj ET Q q 0 0 0 rg BT 168.86 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.28 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.64 310.10 Td (would ) Tj ET Q q 0 0 0 rg BT 229.56 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.91 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.05 310.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 289.97 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.88 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.02 310.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 359.25 310.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.83 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.08 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.21 310.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 449.79 310.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 473.96 310.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 512.44 310.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 552.55 310.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 83.74 298.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 111.09 298.10 Td (Projections ) Tj ET Q q 0 0 0 rg BT 159.27 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.80 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.76 298.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 217.17 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.57 298.10 Td (based ) Tj ET Q q 0 0 0 rg BT 258.53 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 271.72 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.24 298.10 Td (views ) Tj ET Q q 0 0 0 rg BT 314.76 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.28 298.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 357.80 298.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 382.37 298.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 423.32 298.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 449.01 298.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 496.07 298.10 Td (future ) Tj ET Q q 0 0 0 rg BT 523.14 298.10 Td (economic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.48 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.73 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.76 286.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 175.11 286.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 211.81 286.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 233.50 286.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 266.29 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.89 286.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 294.70 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.95 286.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 351.98 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.12 286.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 397.59 286.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 428.25 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 436.89 286.10 Td (e ) Tj ET Q q 0 0 0 rg BT 444.14 286.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 475.83 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.63 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.78 286.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 549.80 286.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 92.09 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.97 274.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 163.52 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.61 274.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 231.57 274.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 280.32 274.10 Td (would ) Tj ET Q q 0 0 0 rg BT 307.42 274.10 Td (use ) Tj ET Q q 0 0 0 rg BT 322.84 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.72 274.10 Td (their ) Tj ET Q q 0 0 0 rg BT 353.14 274.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 392.46 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.88 274.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 418.86 274.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 444.96 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.61 274.10 Td (use ) Tj ET Q q 0 0 0 rg BT 478.04 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.46 274.10 Td (dif) Tj ET Q q 0 0 0 rg BT 499.39 274.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 524.81 274.10 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.94 262.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 111.00 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.28 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.22 262.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 178.03 262.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 222.97 262.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.35 262.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.19 262.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 288.07 262.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 318.01 262.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 341.00 262.10 Td (future ) Tj ET Q q 0 0 0 rg BT 366.49 262.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 406.98 262.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 452.75 262.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 488.25 262.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 508.74 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.80 262.10 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.56 250.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 98.12 250.10 Td (values\) ) Tj ET Q q 0 0 0 rg BT 130.23 250.10 Td (when ) Tj ET Q q 0 0 0 rg BT 155.12 250.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 206.68 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.13 250.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 239.24 250.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.13 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.69 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.26 250.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 332.15 250.10 Td (units ) Tj ET Q q 0 0 0 rg BT 354.83 250.10 Td (could ) Tj ET Q q 0 0 0 rg BT 380.28 250.10 Td (result ) Tj ET Q q 0 0 0 rg BT 405.73 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.74 250.10 Td (dif) Tj ET Q q 0 0 0 rg BT 427.67 250.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 454.22 250.10 Td (values ) Tj ET Q q 0 0 0 rg BT 483.00 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.67 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 521.12 250.10 Td (result ) Tj ET Q q 0 0 0 rg BT 546.57 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 557.58 250.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.40 238.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 137.35 238.10 Td (char) Tj ET Q q 0 0 0 rg BT 154.38 238.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 168.96 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 177.60 238.10 Td (e ) Tj ET Q q 0 0 0 rg BT 184.88 238.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 219.94 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.12 238.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 265.62 238.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 304.02 238.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.97 238.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 397.47 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.76 238.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 444.27 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 455.45 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.63 238.10 Td (September30th ) Tj ET Q q 0 0 0 rg BT 532.52 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 238.10 Td (each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 71.66 226.10 Td (During ) Tj ET Q q 0 0 0 rg BT 102.49 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.20 226.10 Td (year ) Tj ET Q q 0 0 0 rg BT 136.91 226.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.29 226.10 Td (December ) Tj ET Q q 0 0 0 rg BT 206.87 226.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.87 226.10 Td (201) Tj ET Q q 0 0 0 rg BT 236.50 226.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 244.00 226.10 Td (we ) Tj ET Q q 0 0 0 rg BT 258.16 226.10 Td (had ) Tj ET Q q 0 0 0 rg BT 275.10 226.10 Td (no ) Tj ET Q q 0 0 0 rg BT 287.60 226.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 336.20 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.03 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.86 226.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 402.01 226.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 420.07 226.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 458.13 226.10 Td (balances.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.98 204.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 204.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 182.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 111.60 182.10 Td (income ) Tj ET Q q 0 0 0 rg BT 143.11 182.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 165.74 182.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.02 182.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 217.07 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.93 182.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 254.54 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.83 182.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 309.23 182.10 Td (future ) Tj ET Q q 0 0 0 rg BT 335.18 182.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 349.48 182.10 Td (ef) Tj ET Q q 0 0 0 rg BT 357.06 182.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 378.02 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.42 182.10 Td (dif) Tj ET Q q 0 0 0 rg BT 399.35 182.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 434.73 182.10 Td (between ) Tj ET Q q 0 0 0 rg BT 470.13 182.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 507.18 182.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 547.58 182.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.69 170.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 87.15 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.95 170.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 126.25 170.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 168.44 170.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 208.67 170.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 237.53 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.43 170.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.12 170.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 294.35 170.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 317.36 170.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 355.37 170.10 Td (using ) Tj ET Q q 0 0 0 rg BT 379.50 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.19 170.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.87 170.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 430.22 170.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 468.22 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.47 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 490.37 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.62 170.10 Td (ef) Tj ET Q q 0 0 0 rg BT 508.21 170.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 525.66 170.10 Td (when ) Tj ET Q q 0 0 0 rg BT 549.79 170.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.23 158.10 Td (dif) Tj ET Q q 0 0 0 rg BT 104.16 158.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 139.59 158.10 Td (reverse. ) Tj ET Q q 0 0 0 rg BT 172.94 158.10 Td (V) Tj ET Q q 0 0 0 rg BT 179.05 158.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 213.40 158.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 262.46 158.10 Td (if ) Tj ET Q q 0 0 0 rg BT 270.70 158.10 Td (any) Tj ET Q q 0 0 0 rg BT 284.49 158.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.12 158.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.46 158.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 340.57 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.49 158.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 379.26 158.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 414.70 158.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 429.05 158.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.52 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.43 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.78 158.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 510.91 158.10 Td (management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 89.84 146.10 Td (more ) Tj ET Q q 0 0 0 rg BT 112.47 146.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 137.31 146.10 Td (than ) Tj ET Q q 0 0 0 rg BT 156.61 146.10 Td (not ) Tj ET Q q 0 0 0 rg BT 171.46 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.31 146.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.83 146.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 229.04 146.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 251.12 146.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 290.41 146.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 336.90 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 351.19 146.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 388.24 146.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.97 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.26 146.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 447.23 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.63 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.92 146.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 507.30 146.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.60 146.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.00 146.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.48 134.10 Td (not ) Tj ET Q q 0 0 0 rg BT 79.54 134.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 117.34 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.40 134.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.11 134.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 173.03 134.10 Td (based ) Tj ET Q q 0 0 0 rg BT 198.07 134.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.35 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.84 134.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 250.44 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.04 134.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 300.53 134.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 331.68 134.10 Td (income ) Tj ET Q q 0 0 0 rg BT 363.39 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.10 134.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 426.81 134.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.75 134.10 Td (future ) Tj ET Q q 0 0 0 rg BT 466.90 134.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 498.05 134.10 Td (income ) Tj ET Q q 0 0 0 rg BT 529.76 134.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.80 134.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.94 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.22 122.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.16 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 122.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 177.47 122.10 Td (dif) Tj ET Q q 0 0 0 rg BT 188.39 122.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 224.20 122.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.26 122.10 Td (be ) Tj ET Q q 0 0 0 rg BT 254.19 122.10 Td (deductible.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 100.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.06 100.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.46 100.10 Td (also ) Tj ET Q q 0 0 0 rg BT 149.09 100.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 178.93 100.10 Td (F) Tj ET Q q 0 0 0 rg BT 183.75 100.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 204.72 100.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 250.10 100.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 287.71 100.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.23 100.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 344.61 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.79 100.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 404.28 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.58 100.10 Td (income ) Tj ET Q q 0 0 0 rg BT 444.53 100.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 466.59 100.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 506.61 100.10 Td (This ) Tj ET Q q 0 0 0 rg BT 525.91 100.10 Td (guidance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 83.96 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.93 88.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 143.56 88.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.97 88.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 203.71 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.24 88.10 Td (income ) Tj ET Q q 0 0 0 rg BT 244.43 88.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 266.73 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 278.49 88.10 Td (prescribing ) Tj ET Q q 0 0 0 rg BT 325.23 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.20 88.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 379.85 88.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 427.15 88.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 466.12 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.31 88.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.28 88.10 Td (position ) Tj ET Q q 0 0 0 rg BT 520.27 88.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.69 88.10 Td (required ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 76.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 82.21 76.10 Td (before ) Tj ET Q q 0 0 0 rg BT 110.25 76.10 Td (being ) Tj ET Q q 0 0 0 rg BT 134.97 76.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 181.33 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.61 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 76.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.80 76.10 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 54.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 54.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.12 54.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 129.06 54.10 Td (Matters) Tj ET Q BT /F2 10.00 Tf ET 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 endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.88 742.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 144.86 742.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 183.16 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.15 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.69 742.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 229.80 742.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 252.57 742.25 Td (. ) Tj ET Q q 0 0 0 rg BT 258.16 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 277.03 742.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 320.89 742.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 359.19 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.85 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.39 742.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 434.29 742.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 466.49 742.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 517.03 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.03 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 742.25 Td (local ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.36 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.08 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.69 730.25 Td (country ) Tj ET Q q 0 0 0 rg BT 145.62 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.79 730.25 Td (which ) Tj ET Q q 0 0 0 rg BT 182.61 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.22 730.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 240.71 730.25 Td (operates. ) Tj ET Q q 0 0 0 rg BT 278.74 730.25 Td (The ) Tj ET Q q 0 0 0 rg BT 296.68 730.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.40 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.22 730.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 378.83 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.54 730.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 420.81 730.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 470.41 730.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.01 730.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 526.27 730.25 Td (into ) Tj ET Q q 0 0 0 rg BT 544.21 730.25 Td (U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 82.12 718.25 Td (at ) Tj ET Q q 0 0 0 rg BT 92.02 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.92 718.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 128.48 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.49 718.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 179.93 718.25 Td (at ) Tj ET Q q 0 0 0 rg BT 189.82 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.72 718.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 237.94 718.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 261.17 718.25 Td (dates. ) Tj ET Q q 0 0 0 rg BT 286.90 718.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 319.56 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.68 718.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 371.57 718.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 409.24 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 424.13 718.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 465.68 718.25 Td (at ) Tj ET Q q 0 0 0 rg BT 475.58 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 718.25 Td (average ) Tj ET Q q 0 0 0 rg BT 524.25 718.25 Td (exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.91 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.72 706.25 Td (ef) Tj ET Q q 0 0 0 rg BT 90.31 706.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 108.33 706.25 Td (during ) Tj ET Q q 0 0 0 rg BT 137.47 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.71 706.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 183.79 706.25 Td (Gains ) Tj ET Q q 0 0 0 rg BT 210.16 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.63 706.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 254.55 706.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 292.58 706.25 Td (from ) Tj ET Q q 0 0 0 rg BT 315.05 706.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 360.29 706.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 411.10 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 426.34 706.25 Td (included ) Tj ET Q q 0 0 0 rg BT 463.80 706.25 Td (as ) Tj ET Q q 0 0 0 rg BT 475.17 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.64 706.25 Td (component ) Tj ET Q q 0 0 0 rg BT 530.10 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 706.25 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 112.41 694.25 Td (income ) Tj ET Q q 0 0 0 rg BT 143.73 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.39 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.49 694.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 227.68 694.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.10 694.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.96 694.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 363.56 694.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 396.55 694.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 436.18 694.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 481.94 694.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 504.92 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.24 694.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 547.02 694.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.80 682.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 97.38 682.25 Td (from ) Tj ET Q q 0 0 0 rg BT 119.42 682.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 169.78 682.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 224.02 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.39 682.25 Td (other ) Tj ET Q q 0 0 0 rg BT 257.54 682.25 Td (than ) Tj ET Q q 0 0 0 rg BT 277.35 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.16 682.25 Td (subsidiary's' ) Tj ET Q q 0 0 0 rg BT 343.36 682.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 386.50 682.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 424.07 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 433.33 682.25 Td (included ) Tj ET Q q 0 0 0 rg BT 470.36 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.73 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.55 682.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 553.68 682.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (net ) Tj ET Q q 0 0 0 rg BT 64.72 670.25 Td (income.) Tj ET Q BT /F2 10.00 Tf ET 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 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 79.45 742.10 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 720.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.33 720.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.44 720.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 720.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 166.52 720.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.18 720.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 720.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 233.49 720.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 274.73 720.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 291.50 720.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.16 720.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 326.99 720.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.54 720.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 381.63 720.10 Td (has ) Tj ET Q q 0 0 0 rg BT 397.29 720.10 Td (duly ) Tj ET Q q 0 0 0 rg BT 417.40 720.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 446.94 720.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.72 720.10 Td (report ) Tj ET Q q 0 0 0 rg BT 489.93 720.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.04 720.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.80 720.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 540.24 720.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.57 720.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 77.49 708.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.99 708.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.70 708.10 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 156.08 708.10 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 196.34 708.10 Td (duly ) Tj ET Q q 0 0 0 rg BT 216.62 708.10 Td (authorized.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 673.32 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 673.32 Td (Secured Promissory Note, dated February23, 2004, issued by the Company \(incorporated herein by reference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 663.32 Td (to Exhibit2.2 of the February2004 8-K\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 648.32 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 648.32 Td (Purchase Agreement, dated June28, 2004, by and between Heart Consulting Pty Ltd. And Ebix Australia Pty) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 638.32 Td (Ltd. \(incorporated by reference to Exhibit2.1 to the Companys Current Report of Form8-K dated July14,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 628.32 Td (2004 \(the July 14, 2004 8-K\)\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 613.32 Td (2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 613.32 Td (Agreement, dated July1, 2004, by and between Heart Consulting Pty Ltd. and Ebix, Inc. \(incorporated by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 603.32 Td (reference to Exhibit2.2 to the Companys Current Report of Form8-K dated July14, 2004 \(the July14, 2004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 593.32 Td (8-K\)\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 578.32 Td (2.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 578.32 Td (Agreement Plan of Merger by and among Ebix, Finetre and Steven F. Piaker, as shareholders Representative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 568.32 Td (dated September22, 2006 \(incorporated by reference to Exhibit2.1 to the Companys Current Report on 8-K/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 558.32 Td (A dated October2, 2006\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 543.32 Td (2.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 543.32 Td (Asset Purchase Agreement dated May9, 2006, by and among Ebix, Inc., Infinity Systems Consulting, Inc. and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 533.32 Td (the Shareholders of Infinity Systems Consulting, Inc. \(incorporated here by reference to Exhibit2.1 to the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 523.32 Td (Companys Current Report on Form8-K/A dated May9, 2006\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 508.32 Td (2.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 508.32 Td (Agreement and Plan of Merger dated October31, 2007 by and among Ebix, Inc., Jenquest, Inc. IDS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 498.32 Td (Acquisition Sub. and Robert M. Ward as Shareholder Representative \(incorporated here by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 488.32 Td (Exhibit2.1 to the Companys Current Report on Form8-K/A dated November7, 2007\) and incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 478.32 Td (herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 463.32 Td (2.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 463.32 Td (Stock Purchase Agreement by and among Ebix, Inc., Acclamation Systems, Inc., and Joseph Ott \(incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 453.32 Td (here by reference to Exhibit2.1 to the Companys Current Report on Form8-K dated August5, 2008\) and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 443.32 Td (incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 428.32 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 428.32 Td (Stock Purchase Agreement by and amongst Ebix, Inc., ConfirmNet Corporation, Ebix Software India Private) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 418.32 Td (Limited, ConfirmNet Acquisition Sub, Inc., and Craig Irving, as Shareholders Representative \(incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 408.32 Td (here by reference to Exhibit2.1 to the Companys Current Report on Form8-K dated November12, 2008\) and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 398.32 Td (incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.25 383.32 Td (2.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 383.32 Td (Agreement and Plan of Merger, dated September30, 2009, by and amongst Ebix, E-Z Data, and Dale Okuno) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 373.32 Td (and Dilip Sontakey, as Sellers \(incorporated here by reference to Exhibit2.1 to the Companys Current Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 363.32 Td (on Form8-K dated October6, 2009\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.25 348.32 Td (2.11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 348.32 Td (IP Asset Purchase Agreement, dated September30, 2009, by and amongst Ebix Singapore PTE LTD., Ebix,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 338.32 Td (Inc., E-Z Data, and Dale Okuno and Dilip Sontakey, as Shareholders dated September30, 2009 \(incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 328.32 Td (here by reference to Exhibit2.2 to the Companys Current Report on Form8-K dated October6, 2009\) and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 318.32 Td (incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.25 303.32 Td (2.12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 303.32 Td (Agreement and Plan of Merger, dated August29, 2010, by and among Ebix Inc., A.D.A.M., Inc., and Eden) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 293.32 Td (Acquisition Sub, Inc. \(incorporated here by reference to Exhibit2.1 to the Companys Current Report on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 283.32 Td (Form8-K dated August31, 2010\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 268.32 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 268.32 Td (Certificate of Incorporation, as amended, of Ebix, Inc. \(filed as Exhibit3.1 to the Companys Annual Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 258.32 Td (on Form 10-K for the fiscal year ended December31, 2009\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.75 243.32 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 243.32 Td (Bylaws of the Company \(filed as Exhibit3.2 to the Companys Annual Report on Form10-K for the fiscal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 233.32 Td (year ended December31, 2000\) and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.75 218.32 Td (31.1*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 218.32 Td (Certification of Chief Executive Officer Pursuant to Rule 13a-14\(a\) \(Section302 of the Sarbanes-Oxley Act of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 208.32 Td (2002\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.75 193.32 Td (31.2*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 193.32 Td (Certification of Chief Financial Officer Pursuant to Rule 13a-14\(a\) \(Section302 of the Sarbanes-Oxley Act of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 183.32 Td (2002\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.75 168.32 Td (32.1*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 168.32 Td (Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.75 153.32 Td (32.2*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 153.32 Td (Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.50 138.32 Td (101**) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 137.42 Td (XBRL \(Extensible Business Reporting Language\) - The following materials from Ebix, Inc.'s Quarterly) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 127.42 Td (Report on Form10-Q for the quarter ended March 31, 2012, formatted in XBRL \(eXtensible Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 117.42 Td (Reporting Language\): \(i\)the Consolidated Balance Sheets, \(ii\)the Consolidated Statements of Income,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 107.42 Td (\(iii\)the Consolidated Statement of Stockholders' Equity and Comprehensive Income, \(iv\)the Consolidated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 97.42 Td (Statements of Cash Flows, and \(v\)Notes to Consolidated Financial Statements which were tagged as blocks of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.00 87.42 Td (text.) 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Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 660.78 Td (*) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 59.00 660.78 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 660.78 Td (Exhibit101 to this Quarterly Report on Form10-Q is furnished and not filed for purposes of Sections1) Tj ET Q q 0 0 0 rg BT 477.96 660.78 Td (1 and 12 of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 650.17 Td (Securities ) Tj ET Q q 0 0 0 rg BT 94.38 650.17 Td (Act of 1933 and Section18 of the securities Exchange ) Tj ET Q q 0 0 0 rg BT 313.77 650.17 Td (Act of 1934.) 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SECTIONS 1350, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.50 674.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 252.23 674.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 357.89 674.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.21 674.25 Td (T) Tj ET Q q 0 0 0 rg BT 366.70 674.25 Td (O ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.10 657.25 Td (SECTION 906 OF) Tj ET Q q 0 0 0 rg BT 255.63 657.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.95 657.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 373.44 657.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.39 657.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 396.32 657.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 412.33 657.25 Td ( 2002 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 171.50 605.45 Td (CER) Tj ET Q q 0 0 0 rg BT 192.26 605.45 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 226.52 605.45 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 308.85 605.45 Td ( ) Tj ET Q q 0 0 0 rg BT 311.17 605.45 Td (T) Tj ET Q q 0 0 0 rg BT 317.66 605.45 Td (O 18 U.S.C. SECTION 1350,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 205.00 593.45 Td (AS ) Tj ET Q q 0 0 0 rg BT 219.73 593.45 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 325.39 593.45 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 593.45 Td (T) Tj ET Q q 0 0 0 rg BT 334.20 593.45 Td (O SECTION 906) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.60 581.45 Td (OF) Tj ET Q q 0 0 0 rg BT 223.12 581.45 Td ( ) Tj ET Q q 0 0 0 rg BT 225.43 581.45 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 340.92 581.45 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 581.45 Td (ACT) Tj ET Q q 0 0 0 rg BT 363.80 581.45 Td ( OF) Tj ET Q q 0 0 0 rg BT 379.82 581.45 Td ( 2002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.32 581.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 569.45 Td (I, Robin Raina, state and attest that: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 519.62 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.50 519.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 519.62 Td (I ) Tj ET Q q 0 0 0 rg BT 102.33 519.62 Td (am ) Tj ET Q q 0 0 0 rg BT 117.05 519.62 Td (the ) Tj ET Q q 0 0 0 rg BT 131.76 519.62 Td (Chief ) Tj ET Q q 0 0 0 rg BT 156.48 519.62 Td (Executive ) Tj ET Q q 0 0 0 rg BT 198.96 519.62 Td (Of) Tj ET Q q 0 0 0 rg BT 209.42 519.62 Td (ficer ) Tj ET Q q 0 0 0 rg BT 230.15 519.62 Td (of ) Tj ET Q q 0 0 0 rg BT 240.98 519.62 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 264.86 519.62 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 282.63 519.62 Td (\(the ) Tj ET Q q 0 0 0 rg BT 300.68 519.62 Td (Registrant\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 475.62 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.50 475.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 505.52 Td (In ) Tj ET Q q 0 0 0 rg BT 106.87 505.52 Td (connection ) Tj ET Q q 0 0 0 rg BT 152.78 505.52 Td (with ) Tj ET Q q 0 0 0 rg BT 172.60 505.52 Td (the ) Tj ET Q q 0 0 0 rg BT 186.86 505.52 Td (amended ) Tj ET Q q 0 0 0 rg BT 225.00 505.52 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 265.35 505.52 Td (Report ) Tj ET Q q 0 0 0 rg BT 294.61 505.52 Td (of ) Tj ET Q q 0 0 0 rg BT 304.98 505.52 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 505.52 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 362.38 505.52 Td (on ) Tj ET Q q 0 0 0 rg BT 374.42 505.52 Td (Form ) Tj ET Q q 0 0 0 rg BT 398.14 505.52 Td (10-Q/A) Tj ET Q q 0 0 0 rg BT 428.14 505.52 Td ( ) Tj ET Q q 0 0 0 rg BT 430.18 505.52 Td (for ) Tj ET Q q 0 0 0 rg BT 443.88 505.52 Td (the ) Tj ET Q q 0 0 0 rg BT 458.14 505.52 Td (quarter ) Tj ET Q q 0 0 0 rg BT 488.49 505.52 Td (ended ) Tj ET Q q 0 0 0 rg BT 514.41 505.52 Td (March ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 495.52 Td (31, ) Tj ET Q q 0 0 0 rg BT 112.25 495.52 Td (2012 ) Tj ET Q q 0 0 0 rg BT 135.51 495.52 Td (as ) Tj ET Q q 0 0 0 rg BT 147.09 495.52 Td (filed ) Tj ET Q q 0 0 0 rg BT 168.67 495.52 Td (with ) Tj ET Q q 0 0 0 rg BT 189.71 495.52 Td (the ) Tj ET Q q 0 0 0 rg BT 205.18 495.52 Td (Securities ) Tj ET Q q 0 0 0 rg BT 247.86 495.52 Td (and ) Tj ET Q q 0 0 0 rg BT 265.56 495.52 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 308.24 495.52 Td (Commission ) Tj ET Q q 0 0 0 rg BT 362.06 495.52 Td (on ) Tj ET Q q 0 0 0 rg BT 375.31 495.52 Td (the ) Tj ET Q q 0 0 0 rg BT 390.78 495.52 Td (date ) Tj ET Q q 0 0 0 rg BT 410.69 495.52 Td (hereof ) Tj ET Q q 0 0 0 rg BT 439.48 495.52 Td (\(the ) Tj ET Q q 0 0 0 rg BT 458.28 495.52 Td (Report\), ) Tj ET Q q 0 0 0 rg BT 503.46 495.52 Td ( ) Tj ET Q q 0 0 0 rg BT 506.72 495.52 Td (I ) Tj ET Q q 0 0 0 rg BT 513.30 495.52 Td (hereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 485.52 Td (certify) Tj ET Q q 0 0 0 rg BT 121.94 485.52 Td (, ) Tj ET Q q 0 0 0 rg BT 127.49 485.52 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 164.97 485.52 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 485.52 Td (18 ) Tj ET Q q 0 0 0 rg BT 188.84 485.52 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 218.84 485.52 Td (Section1350, ) Tj ET Q q 0 0 0 rg BT 276.88 485.52 Td (as ) Tj ET Q q 0 0 0 rg BT 288.26 485.52 Td (adopted ) Tj ET Q q 0 0 0 rg BT 322.96 485.52 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 360.45 485.52 Td (to ) Tj ET Q q 0 0 0 rg BT 371.27 485.52 Td (Section906 ) Tj ET Q q 0 0 0 rg BT 421.81 485.52 Td (of ) Tj ET Q q 0 0 0 rg BT 433.19 485.52 Td (the ) Tj ET Q q 0 0 0 rg BT 448.45 485.52 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 514.69 485.52 Td (Act ) Tj ET Q q 0 0 0 rg BT 532.18 485.52 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 475.52 Td (2002, ) Tj ET Q q 0 0 0 rg BT 121.50 475.52 Td (that) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 429.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 439.52 Td (the ) Tj ET Q q 0 0 0 rg BT 106.59 439.52 Td (Report ) Tj ET Q q 0 0 0 rg BT 136.19 439.52 Td (containing ) Tj ET Q q 0 0 0 rg BT 180.78 439.52 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.13 439.52 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.72 439.52 Td (fully ) Tj ET Q q 0 0 0 rg BT 283.99 439.52 Td (complies ) Tj ET Q q 0 0 0 rg BT 322.47 439.52 Td (with ) Tj ET Q q 0 0 0 rg BT 342.62 439.52 Td (the ) Tj ET Q q 0 0 0 rg BT 357.22 439.52 Td (requirements ) Tj ET Q q 0 0 0 rg BT 411.79 439.52 Td (of ) Tj ET Q q 0 0 0 rg BT 422.50 439.52 Td (Section ) Tj ET Q q 0 0 0 rg BT 454.87 439.52 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 478.35 439.52 Td (or ) Tj ET Q q 0 0 0 rg BT 489.06 439.52 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 513.09 439.52 Td (of ) Tj ET Q q 0 0 0 rg BT 523.80 439.52 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 429.52 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.93 429.52 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.58 429.52 Td (Act ) Tj ET Q q 0 0 0 rg BT 192.24 429.52 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 429.52 Td (1934 ) Tj ET Q q 0 0 0 rg BT 225.57 429.52 Td (\(15 ) Tj ET Q q 0 0 0 rg BT 241.40 429.52 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 270.86 429.52 Td (78m ) Tj ET Q q 0 0 0 rg BT 291.14 429.52 Td (or ) Tj ET Q q 0 0 0 rg BT 301.97 429.52 Td (78o\(d\)\); ) Tj ET Q q 0 0 0 rg BT 337.23 429.52 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 405.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 415.52 Td (the ) Tj ET Q q 0 0 0 rg BT 106.14 415.52 Td (information ) Tj ET Q q 0 0 0 rg BT 155.28 415.52 Td (contained ) Tj ET Q q 0 0 0 rg BT 196.08 415.52 Td (in ) Tj ET Q q 0 0 0 rg BT 205.78 415.52 Td (the ) Tj ET Q q 0 0 0 rg BT 219.93 415.52 Td (Report ) Tj ET Q q 0 0 0 rg BT 249.07 415.52 Td (fairly ) Tj ET Q q 0 0 0 rg BT 272.65 415.52 Td (presents, ) Tj ET Q q 0 0 0 rg BT 309.85 415.52 Td (in ) Tj ET Q q 0 0 0 rg BT 319.55 415.52 Td (all ) Tj ET Q q 0 0 0 rg BT 331.47 415.52 Td (material ) Tj ET Q q 0 0 0 rg BT 366.16 415.52 Td (respects, ) Tj ET Q q 0 0 0 rg BT 402.79 415.52 Td (the ) Tj ET Q q 0 0 0 rg BT 416.93 415.52 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.84 415.52 Td (condition ) Tj ET Q q 0 0 0 rg BT 493.54 415.52 Td (and ) Tj ET Q q 0 0 0 rg BT 509.91 415.52 Td (results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 405.52 Td (of ) Tj ET Q q 0 0 0 rg BT 102.83 405.52 Td (operations ) Tj ET Q q 0 0 0 rg BT 146.99 405.52 Td (of ) Tj ET Q q 0 0 0 rg BT 157.82 405.52 Td (the ) Tj ET Q q 0 0 0 rg BT 172.53 405.52 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 216.14 405.52 Td (as ) Tj ET Q q 0 0 0 rg BT 226.97 405.52 Td (of, ) Tj ET Q q 0 0 0 rg BT 240.30 405.52 Td (and ) Tj ET Q q 0 0 0 rg BT 257.23 405.52 Td (for) Tj ET Q q 0 0 0 rg BT 268.49 405.52 Td (, ) Tj ET Q q 0 0 0 rg BT 273.49 405.52 Td (the ) Tj ET Q q 0 0 0 rg BT 288.21 405.52 Td (periods ) Tj ET Q q 0 0 0 rg BT 320.15 405.52 Td (presented.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 376.95 m 313.5 376.95 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.52 Td (By:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 381.52 Td (/s/ Robin Raina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 381.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 366.62 Td (Name: Robin Raina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 366.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 352.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 352.52 Td (Chief Executive Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 352.52 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.45 Td (July 6, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 319.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 302.45 Td ( ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit32.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.98 742.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 171.50 708.25 Td (CER) Tj ET Q q 0 0 0 rg BT 192.26 708.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 226.52 708.25 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 308.85 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.17 708.25 Td (T) Tj ET Q q 0 0 0 rg BT 317.66 708.25 Td (O 18 U.S.C. SECTION 1350,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 205.00 696.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 219.73 696.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 325.39 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 696.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.20 696.25 Td (O SECTION 906) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.60 684.25 Td (OF) Tj ET Q q 0 0 0 rg BT 223.12 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.43 684.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 340.92 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 684.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 363.80 684.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 379.82 684.25 Td ( 2002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.32 684.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (I, Robert F) Tj ET Q q 0 0 0 rg BT 92.81 672.25 Td (. Kerris, state and attest that: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 652.32 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.50 652.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 652.32 Td (I ) Tj ET Q q 0 0 0 rg BT 102.33 652.32 Td (am ) Tj ET Q q 0 0 0 rg BT 117.05 652.32 Td (the ) Tj ET Q q 0 0 0 rg BT 131.76 652.32 Td (Chief ) Tj ET Q q 0 0 0 rg BT 156.48 652.32 Td (Financial ) Tj ET Q q 0 0 0 rg BT 196.19 652.32 Td (Of) Tj ET Q q 0 0 0 rg BT 206.56 652.32 Td (ficer ) Tj ET Q q 0 0 0 rg BT 227.38 652.32 Td (of ) Tj ET Q q 0 0 0 rg BT 238.21 652.32 Td (Ebix, ) Tj ET Q q 0 0 0 rg BT 262.10 652.32 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 279.86 652.32 Td (\(the ) Tj ET Q q 0 0 0 rg BT 297.91 652.32 Td (Registrant\).) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.50 616.32 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.50 586.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 616.32 Td (In ) Tj ET Q q 0 0 0 rg BT 107.87 616.32 Td (connection ) Tj ET Q q 0 0 0 rg BT 153.78 616.32 Td (with ) Tj ET Q q 0 0 0 rg BT 173.60 616.32 Td (the ) Tj ET Q q 0 0 0 rg BT 187.86 616.32 Td (amended ) Tj ET Q q 0 0 0 rg BT 226.00 616.32 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 266.35 616.32 Td (Report ) Tj ET Q q 0 0 0 rg BT 295.61 616.32 Td (of ) Tj ET Q q 0 0 0 rg BT 305.98 616.32 Td (the ) Tj ET Q q 0 0 0 rg BT 320.24 616.32 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 363.38 616.32 Td (on ) Tj ET Q q 0 0 0 rg BT 375.42 616.32 Td (Form ) Tj ET Q q 0 0 0 rg BT 399.14 616.32 Td (10-Q/A) Tj ET Q q 0 0 0 rg BT 429.14 616.32 Td ( ) Tj ET Q q 0 0 0 rg BT 431.18 616.32 Td (for ) Tj ET Q q 0 0 0 rg BT 444.88 616.32 Td (the ) Tj ET Q q 0 0 0 rg BT 459.14 616.32 Td (quarter ) Tj ET Q q 0 0 0 rg BT 489.49 616.32 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.41 616.32 Td (March ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 606.32 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.25 606.32 Td (2012 ) Tj ET Q q 0 0 0 rg BT 136.51 606.32 Td (as ) Tj ET Q q 0 0 0 rg BT 148.09 606.32 Td (filed ) Tj ET Q q 0 0 0 rg BT 169.67 606.32 Td (with ) Tj ET Q q 0 0 0 rg BT 190.71 606.32 Td (the ) Tj ET Q q 0 0 0 rg BT 206.18 606.32 Td (Securities ) Tj ET Q q 0 0 0 rg BT 248.86 606.32 Td (and ) Tj ET Q q 0 0 0 rg BT 266.56 606.32 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 309.24 606.32 Td (Commission ) Tj ET Q q 0 0 0 rg BT 363.06 606.32 Td (on ) Tj ET Q q 0 0 0 rg BT 376.31 606.32 Td (the ) Tj ET Q q 0 0 0 rg BT 391.78 606.32 Td (date ) Tj ET Q q 0 0 0 rg BT 411.69 606.32 Td (hereof ) Tj ET Q q 0 0 0 rg BT 440.48 606.32 Td (\(the ) Tj ET Q q 0 0 0 rg BT 459.28 606.32 Td (Report\), ) Tj ET Q q 0 0 0 rg BT 504.46 606.32 Td ( ) Tj ET Q q 0 0 0 rg BT 507.72 606.32 Td (I ) Tj ET Q q 0 0 0 rg BT 514.30 606.32 Td (hereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 596.32 Td (certify) Tj ET Q q 0 0 0 rg BT 122.94 596.32 Td (, ) Tj ET Q q 0 0 0 rg BT 128.49 596.32 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 165.97 596.32 Td (to ) Tj ET Q q 0 0 0 rg BT 176.80 596.32 Td (18 ) Tj ET Q q 0 0 0 rg BT 189.84 596.32 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 219.84 596.32 Td (Section1350, ) Tj ET Q q 0 0 0 rg BT 277.88 596.32 Td (as ) Tj ET Q q 0 0 0 rg BT 289.26 596.32 Td (adopted ) Tj ET Q q 0 0 0 rg BT 323.96 596.32 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 361.45 596.32 Td (to ) Tj ET Q q 0 0 0 rg BT 372.27 596.32 Td (Section906 ) Tj ET Q q 0 0 0 rg BT 422.81 596.32 Td (of ) Tj ET Q q 0 0 0 rg BT 434.19 596.32 Td (the ) Tj ET Q q 0 0 0 rg BT 449.45 596.32 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 515.69 596.32 Td (Act ) Tj ET Q q 0 0 0 rg BT 533.18 596.32 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 586.32 Td (2002, ) Tj ET Q q 0 0 0 rg BT 122.50 586.32 Td (that) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 552.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 562.32 Td (the ) Tj ET Q q 0 0 0 rg BT 106.59 562.32 Td (Report ) Tj ET Q q 0 0 0 rg BT 136.19 562.32 Td (containing ) Tj ET Q q 0 0 0 rg BT 180.78 562.32 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.13 562.32 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.72 562.32 Td (fully ) Tj ET Q q 0 0 0 rg BT 283.99 562.32 Td (complies ) Tj ET Q q 0 0 0 rg BT 322.47 562.32 Td (with ) Tj ET Q q 0 0 0 rg BT 342.62 562.32 Td (the ) Tj ET Q q 0 0 0 rg BT 357.22 562.32 Td (requirements ) Tj ET Q q 0 0 0 rg BT 411.79 562.32 Td (of ) Tj ET Q q 0 0 0 rg BT 422.50 562.32 Td (Section ) Tj ET Q q 0 0 0 rg BT 454.87 562.32 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 478.35 562.32 Td (or ) Tj ET Q q 0 0 0 rg BT 489.06 562.32 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 513.09 562.32 Td (of ) Tj ET Q q 0 0 0 rg BT 523.80 562.32 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 552.32 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.93 552.32 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.58 552.32 Td (Act ) Tj ET Q q 0 0 0 rg BT 192.24 552.32 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 552.32 Td (1934 ) Tj ET Q q 0 0 0 rg BT 225.57 552.32 Td (\(15 ) Tj ET Q q 0 0 0 rg BT 241.40 552.32 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 270.86 552.32 Td (78m ) Tj ET Q q 0 0 0 rg BT 291.14 552.32 Td (or ) Tj ET Q q 0 0 0 rg BT 301.97 552.32 Td (78o\(d\)\); ) Tj ET Q q 0 0 0 rg BT 337.23 552.32 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 528.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 538.32 Td (the ) Tj ET Q q 0 0 0 rg BT 106.14 538.32 Td (information ) Tj ET Q q 0 0 0 rg BT 155.28 538.32 Td (contained ) Tj ET Q q 0 0 0 rg BT 196.08 538.32 Td (in ) Tj ET Q q 0 0 0 rg BT 205.78 538.32 Td (the ) Tj ET Q q 0 0 0 rg BT 219.93 538.32 Td (Report ) Tj ET Q q 0 0 0 rg BT 249.07 538.32 Td (fairly ) Tj ET Q q 0 0 0 rg BT 272.65 538.32 Td (presents, ) Tj ET Q q 0 0 0 rg BT 309.85 538.32 Td (in ) Tj ET Q q 0 0 0 rg BT 319.55 538.32 Td (all ) Tj ET Q q 0 0 0 rg BT 331.47 538.32 Td (material ) Tj ET Q q 0 0 0 rg BT 366.16 538.32 Td (respects, ) Tj ET Q q 0 0 0 rg BT 402.79 538.32 Td (the ) Tj ET Q q 0 0 0 rg BT 416.93 538.32 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.84 538.32 Td (condition ) Tj ET Q q 0 0 0 rg BT 493.54 538.32 Td (and ) Tj ET Q q 0 0 0 rg BT 509.91 538.32 Td (results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.00 528.32 Td (of ) Tj ET Q q 0 0 0 rg BT 102.83 528.32 Td (operations ) Tj ET Q q 0 0 0 rg BT 146.99 528.32 Td (of ) Tj ET Q q 0 0 0 rg BT 157.82 528.32 Td (the ) Tj ET Q q 0 0 0 rg BT 172.53 528.32 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 216.14 528.32 Td (as ) Tj ET Q q 0 0 0 rg BT 226.97 528.32 Td (of, ) Tj ET Q q 0 0 0 rg BT 240.30 528.32 Td (and ) Tj ET Q q 0 0 0 rg BT 257.23 528.32 Td (for) Tj ET Q q 0 0 0 rg BT 268.49 528.32 Td (, ) Tj ET Q q 0 0 0 rg BT 273.49 528.32 Td (the ) Tj ET Q q 0 0 0 rg BT 288.21 528.32 Td (periods ) Tj ET Q q 0 0 0 rg BT 320.15 528.32 Td (presented.) 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