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Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 642.0833984375 m 86.4384765625 642.0833984375 l s q 0 0 1 rg BT 52.00 643.42 Td (ITEM 1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 642.0833984375 m 191.5615234375 642.0833984375 l s q 0 0 1 rg BT 156.00 643.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 627.0833984375 m 93.66015625 627.0833984375 l s q 0 0 1 rg BT 52.00 628.42 Td (ITEM 1A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 627.0833984375 m 206.2783203125 627.0833984375 l s q 0 0 1 rg BT 156.00 628.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 612.0833984375 m 93.1083984375 612.0833984375 l s q 0 0 1 rg BT 52.00 613.42 Td (ITEM 1B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 612.0833984375 m 269.69140625 612.0833984375 l s q 0 0 1 rg BT 156.00 613.42 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 220.53 613.42 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 597.0833984375 m 86.4384765625 597.0833984375 l s q 0 0 1 rg BT 52.00 598.42 Td (ITEM 2.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 597.0833984375 m 196.546875 597.0833984375 l s q 0 0 1 rg BT 156.00 598.42 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 582.0833984375 m 86.4384765625 582.0833984375 l s q 0 0 1 rg BT 52.00 583.42 Td (ITEM 3.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 582.0833984375 m 230.140625 582.0833984375 l s q 0 0 1 rg BT 156.00 583.42 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 567.0833984375 m 86.4384765625 567.0833984375 l s q 0 0 1 rg BT 52.00 568.42 Td (ITEM 4.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 567.0833984375 m 254.3154296875 567.0833984375 l s q 0 0 1 rg BT 156.00 568.42 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 52 537.15673828125 m 91.07470703125 537.15673828125 l s q 0 0 1 rg BT 52.00 538.62 Td (P) Tj ET Q q 0 0 1 rg BT 57.11 538.62 Td (AR) Tj ET Q q 0 0 1 rg BT 71.73 538.62 Td (T) Tj ET Q q 0 0 1 rg BT 78.25 538.62 Td ( II.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 512.0833984375 m 86.4384765625 512.0833984375 l s q 0 0 1 rg BT 52.00 513.42 Td (ITEM 5.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 522.0833984375 m 481.810546875 522.0833984375 l s q 0 0 1 rg BT 156.00 523.42 Td (Market for Registrant's Common Equity) Tj ET Q q 0 0 1 rg BT 316.58 523.42 Td (, Related Stockholder Matters and Issuer ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 512.0833984375 m 277.9189453125 512.0833984375 l s q 0 0 1 rg BT 156.00 513.42 Td (Purchases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 497.0833984375 m 86.4384765625 497.0833984375 l s q 0 0 1 rg BT 52.00 498.42 Td (ITEM 6.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 497.0833984375 m 250.9609375 497.0833984375 l s q 0 0 1 rg BT 156.00 498.42 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 482.0833984375 m 86.4384765625 482.0833984375 l s q 0 0 1 rg BT 52.00 483.42 Td (ITEM 7.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 482.0833984375 m 513.314453125 482.0833984375 l s q 0 0 1 rg BT 156.00 483.42 Td (Management's Discussion and ) Tj ET Q q 0 0 1 rg BT 279.17 483.42 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 467.0833984375 m 93.66015625 467.0833984375 l s q 0 0 1 rg BT 52.00 468.42 Td (ITEM 7A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 467.0833984375 m 395.3896484375 467.0833984375 l s q 0 0 1 rg BT 156.00 468.42 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 452.0833984375 m 86.4384765625 452.0833984375 l s q 0 0 1 rg BT 52.00 453.42 Td (ITEM 8.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 452.0833984375 m 409.5498046875 452.0833984375 l s q 0 0 1 rg BT 156.00 453.42 Td (Financial Statements and Supplementary Financial Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 427.0833984375 m 86.4384765625 427.0833984375 l s q 0 0 1 rg BT 52.00 428.42 Td (ITEM 9.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 437.0833984375 m 472.044921875 437.0833984375 l s q 0 0 1 rg BT 156.00 438.42 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 301.81 438.42 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 366.24 438.42 Td (Accounting and Financial ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 427.0833984375 m 198.7685546875 427.0833984375 l s q 0 0 1 rg BT 156.00 428.42 Td (Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 412.0833984375 m 93.66015625 412.0833984375 l s q 0 0 1 rg BT 52.00 413.42 Td (ITEM 9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 412.0833984375 m 254.3154296875 412.0833984375 l s q 0 0 1 rg BT 156.00 413.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 397.0833984375 m 93.1083984375 397.0833984375 l s q 0 0 1 rg BT 52.00 398.42 Td (ITEM 9B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 397.0833984375 m 229.0322265625 397.0833984375 l s q 0 0 1 rg BT 156.00 398.42 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 52 367.15673828125 m 94.73779296875 367.15673828125 l s q 0 0 1 rg BT 52.00 368.62 Td (P) Tj ET Q q 0 0 1 rg BT 57.11 368.62 Td (AR) Tj ET Q q 0 0 1 rg BT 71.73 368.62 Td (T) Tj ET Q q 0 0 1 rg BT 78.25 368.62 Td ( III.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 352.0833984375 m 91.4384765625 352.0833984375 l s q 0 0 1 rg BT 52.00 353.42 Td (ITEM 10.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 352.0833984375 m 383.4951171875 352.0833984375 l s q 0 0 1 rg BT 156.00 353.42 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 251.06 353.42 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 337.0833984375 m 91.0673828125 337.0833984375 l s q 0 0 1 rg BT 52.00 338.42 Td (ITEM 1) Tj ET Q q 0 0 1 rg BT 83.57 338.42 Td (1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 337.0833984375 m 256.25390625 337.0833984375 l s q 0 0 1 rg BT 156.00 338.42 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 312.0833984375 m 91.4384765625 312.0833984375 l s q 0 0 1 rg BT 52.00 313.42 Td (ITEM 12.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 322.0833984375 m 479.7841796875 322.0833984375 l s q 0 0 1 rg BT 156.00 323.42 Td (Security Ownership of Certain Beneficial Owners and Management and Related ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 312.0833984375 m 237.3720703125 312.0833984375 l s q 0 0 1 rg BT 156.00 313.42 Td (Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 297.0833984375 m 91.4384765625 297.0833984375 l s q 0 0 1 rg BT 52.00 298.42 Td (ITEM 13.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 297.0833984375 m 452.3037109375 297.0833984375 l s q 0 0 1 rg BT 156.00 298.42 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 294.68 298.42 Td (T) Tj ET Q q 0 0 1 rg BT 300.43 298.42 Td (ransaction and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 282.0833984375 m 91.4384765625 282.0833984375 l s q 0 0 1 rg BT 52.00 283.42 Td (ITEM 14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 282.0833984375 m 314.291015625 282.0833984375 l s q 0 0 1 rg BT 156.00 283.42 Td (Principal ) Tj ET Q q 0 0 1 rg BT 194.05 283.42 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 52 252.15673828125 m 93.9375 252.15673828125 l s q 0 0 1 rg BT 52.00 253.62 Td (P) Tj ET Q q 0 0 1 rg BT 57.11 253.62 Td (AR) Tj ET Q q 0 0 1 rg BT 71.73 253.62 Td (T) Tj ET Q q 0 0 1 rg BT 78.25 253.62 Td ( IV) Tj ET Q q 0 0 1 rg BT 91.19 253.62 Td (.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 237.08339843750002 m 91.4384765625 237.08339843750002 l s q 0 0 1 rg BT 52.00 238.42 Td (ITEM 15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 156 237.08339843750002 m 331.5224609375 237.08339843750002 l s q 0 0 1 rg BT 156.00 238.42 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 207.08339843750002 m 113.1181640625 207.08339843750002 l s q 0 0 1 rg BT 52.00 208.42 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 81.45 208.42 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 642.0833984375 m 558 642.0833984375 l s q 0 0 1 rg BT 548.00 643.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 627.0833984375 m 558 627.0833984375 l s q 0 0 1 rg BT 548.00 628.42 Td (21) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 612.0833984375 m 558 612.0833984375 l s q 0 0 1 rg BT 548.00 613.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 597.0833984375 m 558 597.0833984375 l s q 0 0 1 rg BT 548.00 598.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 582.0833984375 m 558 582.0833984375 l s q 0 0 1 rg BT 548.00 583.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 567.0833984375 m 558 567.0833984375 l s q 0 0 1 rg BT 548.00 568.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 512.0833984375 m 558 512.0833984375 l s q 0 0 1 rg BT 548.00 513.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 497.0833984375 m 558 497.0833984375 l s q 0 0 1 rg BT 548.00 498.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 482.0833984375 m 558 482.0833984375 l s q 0 0 1 rg BT 548.00 483.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 467.0833984375 m 558 467.0833984375 l s q 0 0 1 rg BT 548.00 468.42 Td (60) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548 452.0833984375 m 558 452.0833984375 l s q 0 0 1 rg BT 548.00 453.42 Td (61) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 427.0833984375 m 557.97890625 427.0833984375 l s q 0 0 1 rg BT 543.35 428.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 428.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 412.0833984375 m 557.97890625 412.0833984375 l s q 0 0 1 rg BT 543.35 413.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 413.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 397.0833984375 m 557.97890625 397.0833984375 l s q 0 0 1 rg BT 543.35 398.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 398.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 352.0833984375 m 557.97890625 352.0833984375 l s q 0 0 1 rg BT 543.35 353.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 353.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 337.0833984375 m 557.97890625 337.0833984375 l s q 0 0 1 rg BT 543.35 338.42 Td (1) Tj ET Q q 0 0 1 rg BT 547.98 338.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.35 312.0833984375 m 557.97890625 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 721.25 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 721.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 721.25 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Item1. Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (ADA-ES, Inc. \(ADA\), a Colorado corporation, was incorporated in 1997. Pursuant to an ) Tj ET Q q 0 0 0 rg BT 414.91 652.25 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 526.36 652.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (\("Reor) Tj ET Q q 0 0 0 rg BT 76.67 640.25 Td (ganization"\), ef) Tj ET Q q 0 0 0 rg BT 138.32 640.25 Td (fective July1, 2013, ) Tj ET Q q 0 0 0 rg BT 221.64 640.25 Td (Advanced Emissions Solutions, Inc. \(ADES\), a Delaware company incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (in 201) Tj ET Q q 0 0 0 rg BT 74.91 628.25 Td (1, replaced ) Tj ET Q q 0 0 0 rg BT 120.72 628.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 141.83 628.25 Td ( as the publicly-held corporation and ) Tj ET Q q 0 0 0 rg BT 290.68 628.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 311.79 628.25 Td ( became a wholly-owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 468.42 628.25 Td (ADES. Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (outstanding share of ) Tj ET Q q 0 0 0 rg BT 133.04 616.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 153.60 616.25 Td () Tj ET Q q 0 0 0 rg BT 156.38 616.25 Td (s common stock automatically converted into one share of common stock of ) Tj ET Q q 0 0 0 rg BT 463.53 616.25 Td (ADES and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (shareholders of ) Tj ET Q q 0 0 0 rg BT 113.32 604.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 134.43 604.25 Td ( became stockholders of ) Tj ET Q q 0 0 0 rg BT 233.29 604.25 Td (ADES on a one-for) Tj ET Q q 0 0 0 rg BT 310.57 604.25 Td (-one basis, holding the same number of shares in and the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (ownership percentage of ) Tj ET Q q 0 0 0 rg BT 150.24 592.25 Td (ADES after the reor) Tj ET Q q 0 0 0 rg BT 230.30 592.25 Td (ganization as they held in and of ) Tj ET Q q 0 0 0 rg BT 362.21 592.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 383.33 592.25 Td ( prior to the reor) Tj ET Q q 0 0 0 rg BT 448.68 592.25 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 494.78 592.25 Td (ADES) Tj ET Q q 0 0 0 rg BT 523.67 592.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (common stock became listed on the NASDAQ Capital Market under the symbol, "ADES," ) Tj ET Q q 0 0 0 rg BT 415.61 580.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 436.16 580.25 Td () Tj ET Q q 0 0 0 rg BT 438.94 580.25 Td (s previous symbol, and ) Tj ET Q q 0 0 0 rg BT 533.11 580.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 553.66 580.25 Td () Tj ET Q q 0 0 0 rg BT 556.44 580.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (stock ceased trading on the NASDAQ Capital Market on July 1, 2013. From ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.56 568.25 Td (March30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.16 568.25 Td ( through July 6, 2016, ) Tj ET Q q 0 0 0 rg BT 511.89 568.25 Td (ADES's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (common stock was traded on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.86 556.25 Td (OTC Pink) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 224.70 560.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.63 556.25 Td ( Marketplace - Limited Information ) Tj ET Q q 0 0 0 rg BT 374.68 556.25 Td (T) Tj ET Q q 0 0 0 rg BT 380.44 556.25 Td (ier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.98 556.25 Td ( under the trading symbol "ADES." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 544.25 Td (fective, July 7, 2016 ) Tj ET Q q 0 0 0 rg BT 142.58 544.25 Td (ADES's common stock began trading on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.41 544.25 Td (NASDAQ Global Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.17 544.25 Td ( under the symbol, ) Tj ET Q q 0 0 0 rg BT 501.55 544.25 Td (ADES. ) Tj ET Q q 0 0 0 rg BT 532.49 544.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Annual Report on Form 10-K is referred to as the "Form 10-K" or the "Report." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (Except as otherwise noted in this Report, ) Tj ET Q q 0 0 0 rg BT 216.08 508.25 Td (ADES and its subsidiaries have continued to conduct business in substantially the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (same manner as conducted prior to the reor) Tj ET Q q 0 0 0 rg BT 222.81 496.25 Td (ganization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (As this filing pertains to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 472.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 472.25 Td (, the terms the "Company) Tj ET Q q 0 0 0 rg BT 390.01 472.25 Td (," "we," "us" and "our" means ) Tj ET Q q 0 0 0 rg BT 511.90 472.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 533.02 472.25 Td ( and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (consolidated subsidiaries for the periods through and including the period ended June30, 2013 and ) Tj ET Q q 0 0 0 rg BT 448.25 460.25 Td (ADES and its consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (subsidiaries for the dates or periods after July 1, 2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 424.25 Td (e are also an equity investor in ) Tj ET Q q 0 0 0 rg BT 183.14 424.25 Td (T) Tj ET Q q 0 0 0 rg BT 188.90 424.25 Td (inuum Group, LLC \("T) Tj ET Q q 0 0 0 rg BT 282.06 424.25 Td (inuum Group"\), formerly known as Clean Coal Solutions, LLC, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 412.25 Td (inuum Services, LLC \("T) Tj ET Q q 0 0 0 rg BT 157.25 412.25 Td (inuum Services"\), formerly known as Clean Coal Solutions Services, LLC. ) Tj ET Q q 0 0 0 rg BT 459.34 412.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.78 412.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 400.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 400.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 400.25 Td (, we held equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.47 400.25 Td (42.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.30 400.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.73 400.25 Td (50.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.56 400.25 Td ( in ) Tj ET Q q 0 0 0 rg BT 316.16 400.25 Td (T) Tj ET Q q 0 0 0 rg BT 321.92 400.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 394.79 400.25 Td (T) Tj ET Q q 0 0 0 rg BT 400.54 400.25 Td (inuum Services, respectively) Tj ET Q q 0 0 0 rg BT 515.14 400.25 Td (, and each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (of their operations significantly impacted our financial position and results of operations for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.87 388.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 376.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 376.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 376.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 376.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 376.25 Td (. ) Tj ET Q q 0 0 0 rg BT 139.26 376.25 Td (These equity interests are accounted for under the equity method of accounting. On March 3, 2016, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (sold our 24.95% equity interest in RCM6, LLC \("RCM6"\), which had been accounted for under the equity method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (accounting from inception until its disposition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (Business Purpose and Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (ADES is the holding entity for a family of companies that provide emissions solutions to customers in the coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (generation and industrial boiler processes. ) Tj ET Q q 0 0 0 rg BT 220.88 292.25 Td (Through our subsidiaries and joint ventures, we are a leader in emissions control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (\("EC"\) technologies and associated equipment, chemicals and services. Our proprietary environmental technologies enable our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (customers to reduce emissions of mercury and other pollutants, maximize utilization levels and improve operating ef) Tj ET Q q 0 0 0 rg BT 516.91 268.25 Td (ficiencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (to meet the challenges of existing and pending EC regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (Our major activities include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 218.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 218.25 Td (Development and sale of technology to reduce emissions and improve operations of coal-fired boilers used for power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 206.25 Td (generation and industrial processes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 189.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 189.25 Td (Development and sale of equipment, specialty chemicals, consulting services and other products designed to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 177.25 Td (emissions of mercury) Tj ET Q q 0 0 0 rg BT 171.04 177.25 Td (, acid gases, metals and other pollutants, and the providing of technology services in support of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 165.25 Td (our customers' emissions compliance strategies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 148.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 148.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 122.36 148.25 Td (T) Tj ET Q q 0 0 0 rg BT 128.11 148.25 Td (inuum Group, an unconsolidated entity) Tj ET Q q 0 0 0 rg BT 283.83 148.25 Td (, reduction of mercury and nitrogen oxide \("NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 475.07 147.11 Td (X) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.83 148.25 Td ("\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.76 148.25 Td (emissions at select ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 136.25 Td (coal-fired power generators through the burning of Refined Coal \("RC"\) produced by RC facilities placed in service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 124.25 Td (by ) Tj ET Q q 0 0 0 rg BT 97.92 124.25 Td (T) Tj ET Q q 0 0 0 rg BT 103.68 124.25 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 162.10 124.25 Td (W) Tj ET Q q 0 0 0 rg BT 170.74 124.25 Td (e benefit from ) Tj ET Q q 0 0 0 rg BT 229.70 124.25 Td (T) Tj ET Q q 0 0 0 rg BT 235.46 124.25 Td (inuum Group's production and sale of RC, which generates tax credits, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 112.25 Td (the revenue from selling or leasing RC facilities to tax equity investors. See the separately filed financial statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 100.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.36 100.25 Td (inuum Group included in Item 15 of this Report; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 83.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 83.25 Td (Research and development of technologies and other solutions to advance cleaner ener) Tj ET Q q 0 0 0 rg BT 432.23 83.25 Td (gy and to help our customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 71.25 Td (meet existing and future regulatory and business challenges, including technologies designed to address regulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 59.25 Td (environmental impacts related to power generation or industrial processes.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Markets for) Tj ET Q q 0 0 0 rg BT 101.19 742.25 Td ( Our) Tj ET Q q 0 0 0 rg BT 121.28 742.25 Td ( Pr) Tj ET Q q 0 0 0 rg BT 134.15 742.25 Td (oducts and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 725.25 Td (e provide environmental control equipment, chemicals and technologies to our primary market that consists of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (680 coal-fired electrical generation units located in the United States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (The share of coal-fired power generation as a percentage of U.S. electricity generation is expected to continue to decrease over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (the coming years due to low projected natural gas prices, increasingly stringent environmental regulations and increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (deployment of renewable power generating assets. However) Tj ET Q q 0 0 0 rg BT 290.90 665.25 Td (, we believe that coal-fired power generation will remain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (significant component of the U.S. power generation mix for many years given coal's abundance, af) Tj ET Q q 0 0 0 rg BT 445.11 653.25 Td (fordability) Tj ET Q q 0 0 0 rg BT 486.67 653.25 Td (, reliability and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (availability as a domestic fuel source. In its ) Tj ET Q q 0 0 0 rg BT 225.23 641.25 Td (Annual Ener) Tj ET Q q 0 0 0 rg BT 275.86 641.25 Td (gy Outlook for 2017, the Ener) Tj ET Q q 0 0 0 rg BT 396.22 641.25 Td (gy Information ) Tj ET Q q 0 0 0 rg BT 458.43 641.25 Td (Administration \("EIA"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (projects that coal will provide 22% of electricity generation in 2040 if the Clean Power Plan \("CPP"\) of the U.S. Environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 93.05 617.25 Td (Agency \("EP) Tj ET Q q 0 0 0 rg BT 144.81 617.25 Td (A"\), addressing limiting greenhouse gas emissions, is implemented. If the CPP) Tj ET Q q 0 0 0 rg BT 459.88 617.25 Td ( is not implemented, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (EIA) Tj ET Q q 0 0 0 rg BT 66.11 605.25 Td ( projects that coal will provide 31% of power generated. ) Tj ET Q q 0 0 0 rg BT 293.35 605.25 Td (The primary drivers for many of our products and services are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (environmental laws and regulations impacting the electric power generation industry and other coal users. ) Tj ET Q q 0 0 0 rg BT 476.07 593.25 Td (These regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (include the Mercury and ) Tj ET Q q 0 0 0 rg BT 149.97 581.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 165.62 581.25 Td (T) Tj ET Q q 0 0 0 rg BT 171.03 581.25 Td (oxics Standards \("MA) Tj ET Q q 0 0 0 rg BT 258.99 581.25 Td (TS"\), a federal regulation that requires all of the existing fleet and all new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (coal-fired plants to control mercury emissions, acid gases, and particulate matter) Tj ET Q q 0 0 0 rg BT 371.71 569.25 Td (, as well as various state regulations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (permitting requirements for coal-fired power plants. In addition to the federal MA) Tj ET Q q 0 0 0 rg BT 377.12 557.25 Td (TS rule, certain states have their own mercury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (rules that are similar to, or more stringent than MA) Tj ET Q q 0 0 0 rg BT 253.29 545.25 Td (TS, and many plants around the country have agreed to consent decrees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (which require pollution controls that, in some cases, are more restrictive than the existing regulations. ) Tj ET Q q 0 0 0 rg BT 459.15 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 467.79 533.25 Td (e continue to believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (the MA) Tj ET Q q 0 0 0 rg BT 79.72 521.25 Td (TS rule as well as certain state regulations create a lar) Tj ET Q q 0 0 0 rg BT 294.44 521.25 Td (ge market for RC and EC products. ) Tj ET Q q 0 0 0 rg BT 437.75 521.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 487.65 521.25 Td (, the proposed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (pending, and future rules relating to carbon dioxide \(CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 275.21 507.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.46 509.25 Td (\) or other greenhouse gas emissions, ef) Tj ET Q q 0 0 0 rg BT 434.07 509.25 Td (fluent dischar) Tj ET Q q 0 0 0 rg BT 488.60 509.25 Td (ge, coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (combustion residuals and other pollutants are driving, and we expect will continue to drive, future markets for which we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (develop products and solutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (In general, coal is a low cost, stable and reliable source of domestic ener) Tj ET Q q 0 0 0 rg BT 339.43 461.25 Td (gy that, unlike many other forms of ener) Tj ET Q q 0 0 0 rg BT 500.87 461.25 Td (gy) Tj ET Q q 0 0 0 rg BT 510.22 461.25 Td (, can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (easily stored in lar) Tj ET Q q 0 0 0 rg BT 123.41 449.25 Td (ge quantities. ) Tj ET Q q 0 0 0 rg BT 179.05 449.25 Td (W) Tj ET Q q 0 0 0 rg BT 187.69 449.25 Td (e believe coal is critical to ensuring the U.S. has a secure and stable source of ener) Tj ET Q q 0 0 0 rg BT 516.82 449.25 Td (gy) Tj ET Q q 0 0 0 rg BT 526.17 449.25 Td (.) Tj ET Q q 0 0 0 rg BT 530.99 449.25 Td (W) Tj ET Q q 0 0 0 rg BT 540.03 449.25 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (current environmental regulations, we believe it is unlikely that any new coal plants will be financed or constructed, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (suggests that the average plant age in 2040 will be 64 years old. ) Tj ET Q q 0 0 0 rg BT 307.53 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 316.57 425.25 Td (ith the continued retirement of the less ef) Tj ET Q q 0 0 0 rg BT 480.50 425.25 Td (ficient and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (generally smaller coal plants switching of fuel sources from coal to other fuels such as natural gas, and the influx of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (intermittent generation such as solar and wind, we believe coal-fired generation will be seen as a complement to the other fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (sources in providing electricity to users and supporting the electric grid. ) Tj ET Q q 0 0 0 rg BT 339.74 389.25 Td (This belief is reflected in the CPP) Tj ET Q q 0 0 0 rg BT 473.60 389.25 Td (, published in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (October 2015 by the EP) Tj ET Q q 0 0 0 rg BT 145.18 377.25 Td (A. Continued pressure from renewable ener) Tj ET Q q 0 0 0 rg BT 319.93 377.25 Td (gy sources and natural gas combined with uncertainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (regarding regulations on CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 164.14 363.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.39 365.25 Td ( emissions will likely push coal-fired generators to increase their focus on maintaining regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (compliance in the most ef) Tj ET Q q 0 0 0 rg BT 153.12 353.25 Td (ficient and cost ef) Tj ET Q q 0 0 0 rg BT 224.30 353.25 Td (fective manner) Tj ET Q q 0 0 0 rg BT 283.58 353.25 Td (, while also responding to intermittent generating sources. ) Tj ET Q q 0 0 0 rg BT 517.42 353.25 Td (As coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (plants age and they are dispatched with more variability rather than at base-load levels for which they were designed, we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (that increased support will be required to assure reliable operation and continued compliance with environmental regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 317.25 Td (e expect that plants and owners will require additional support as their aging workforce retires and on-site expertise is no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (longer as available, and as utilities allocate resources elsewhere in their power generation fleets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (While the future is uncertain, we expect this uncertainty will continue to drive a shift in utilities' purchasing desires towards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (variable cost products and integrated solutions with low capital expenditure requirements and away from lar) Tj ET Q q 0 0 0 rg BT 482.46 269.25 Td (ge capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (equipment and other fixed cost solutions that are less likely to have costs recovered given the uncertain operating life of many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (coal plants. ) Tj ET Q q 0 0 0 rg BT 97.86 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 106.50 245.25 Td (e also expect to see a continued trend towards outsourcing various aspects of plant operations to third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (vendors and away from having integrated plant staf) Tj ET Q q 0 0 0 rg BT 255.59 233.25 Td (f. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 209.25 Td (e believe it is likely that many U.S. coal mines, coal-fired power generators, coal-centric lar) Tj ET Q q 0 0 0 rg BT 425.54 209.25 Td (ge equipment providers and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (coal-related businesses will have dif) Tj ET Q q 0 0 0 rg BT 194.77 197.25 Td (ficulty in adapting to industry changes expected in the coming years.However) Tj ET Q q 0 0 0 rg BT 508.72 197.25 Td (, we see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (opportunities for companies that can of) Tj ET Q q 0 0 0 rg BT 206.72 185.25 Td (fer their customers creative and cost ef) Tj ET Q q 0 0 0 rg BT 361.46 185.25 Td (fective solutions that help the U.S. coal-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (businesses meet regulatory compliance, improve ef) Tj ET Q q 0 0 0 rg BT 254.75 173.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 286.30 173.25 Td (, lower costs and maintain reliability) Tj ET Q q 0 0 0 rg BT 431.73 173.25 Td (.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 742.10 Td (, our products, services and RC technology licenses available to coal-fired electrical generators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (requiring solutions to assist with compliance with emissions standards included: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 704.7669921875 m 142.8818359375 704.7669921875 l s q 0 0 0 rg BT 99.00 706.10 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.88 706.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 691.94 cm /I28 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 694.10 Td (Low capital expenditure mercury control technologies and systems such as ) Tj ET Q q 0 0 0 rg BT 436.58 694.10 Td (Activated Carbon Injection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 682.10 Td (\("ACI"\) systems, that ef) Tj ET Q q 0 0 0 rg BT 231.30 682.10 Td (fectively reduce mercury emissions over a broad range of plant configurations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 670.10 Td (coal types; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 655.94 cm /I29 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 658.10 Td (Dry Sorbent Injection systems \("DSI"\) that reduce emissions of Sulfur Dioxide \("SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 474.14 656.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.74 658.10 Td ("\) and other acid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 646.10 Td (gases such as Sulfur ) Tj ET Q q 0 0 0 rg BT 218.14 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 223.90 646.10 Td (rioxide \("SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 274.92 644.96 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.52 646.10 Td ("\) and Hydrogen Chloride \("HC1"\); and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 631.94 cm /I30 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 634.10 Td (Our patented ) Tj ET Q q 0 0 0 rg BT 188.87 634.10 Td (ADAir) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 216.65 637.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.44 634.10 Td ( Mixer in-duct technology that alters flue gas flow to improve mixing and optimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 622.10 Td (particle dispersion to reduce sorbent consumption for ) Tj ET Q q 0 0 0 rg BT 350.22 622.10 Td (ACI and DSI systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 596.7669921875 m 193.4287109375 596.7669921875 l s q 0 0 0 rg BT 99.00 598.10 Td (RC technology licenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.43 598.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 583.94 cm /I31 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 586.10 Td (Our patented CyClean) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 224.42 589.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.52 586.10 Td (technology) Tj ET Q q 0 0 0 rg BT 277.30 586.10 Td (, a pre-combustion coal treatment process that provides electric power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 574.10 Td (generators the ability to enhance combustion and reduce emissions of NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 429.92 572.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.67 574.10 Td ( and mercury from coals burned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 562.10 Td (in cyclone boilers; and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 547.94 cm /I32 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 550.10 Td (Our patented M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.65 553.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.44 550.10 Td ( and patent pending M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 338.32 553.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.12 550.10 Td ( technologies, which are proprietary pre-combustion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 538.10 Td (coal treatment technologies used to control emission from circulating fluidized bed boilers and pulverized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 526.10 Td (coal boilers, respectively) Tj ET Q q 0 0 0 rg BT 234.03 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 500.7669921875 m 141.2119140625 500.7669921875 l s q 0 0 0 rg BT 99.00 502.10 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.21 502.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 487.94 cm /I33 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 490.10 Td (Our patented M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 224.98 493.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.07 490.10 Td ( technology) Tj ET Q q 0 0 0 rg BT 280.36 490.10 Td (, which is also incorporated in our RC technologies, that provides a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 478.10 Td (cost ef) Tj ET Q q 0 0 0 rg BT 161.20 478.10 Td (fective alternative to other halogen-based, oxidation chemicals used to enhance removal of mercury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 466.10 Td (emissions. M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 215.00 469.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.10 466.10 Td ( technology mitigates coal treatment corrosion risks to minimize maintenance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 454.10 Td (repair costs to enhance system reliability and risks associated with bromine dischar) Tj ET Q q 0 0 0 rg BT 467.23 454.10 Td (ge from plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 442.10 Td (wastewater; and ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 427.94 cm /I34 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 430.10 Td (Our RESPond) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.95 434.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.89 430.10 Td ( liquid chemical additive that is a highly ef) Tj ET Q q 0 0 0 rg BT 367.77 430.10 Td (fective ash resistivity modifier for power plants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 418.10 Td (operating cold-side electrostatic precipitators. Unlike SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 362.71 416.96 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 418.10 Td (solutions, the incumbent chemical being used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 406.10 Td (modify ash resistivity) Tj ET Q q 0 0 0 rg BT 221.01 406.10 Td (, the RESPond) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.63 410.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.57 406.10 Td ( additive does not interfere with or reduce the ef) Tj ET Q q 0 0 0 rg BT 476.81 406.10 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 394.10 Td (activated carbon injected into the flue gas for purposes of reducing mercury emissions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 99 368.7669921875 m 220.3671875 368.7669921875 l s q 0 0 0 rg BT 99.00 370.10 Td (Consulting services and other:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 25.00 0 0 10.09 110.00 355.94 cm /I35 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.64 358.10 Td (e provide general consulting services as requested by our customers related to emissions control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 334.10 Td (, as of December 31, 201) Tj ET Q q 0 0 0 rg BT 199.78 334.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 209.59 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.35 334.10 Td (inuum Group, an unconsolidated entity in which we own a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.25 334.10 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.08 334.10 Td ( equity interest, built ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (and placed into service a total of 28 RC facilities designed to produce RC for sale to coal-fired power plants. Coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (plants use RC as one of a portfolio of tools to help comply with MA) Tj ET Q q 0 0 0 rg BT 321.64 310.10 Td (TS and other environmental regulations. ) Tj ET Q q 0 0 0 rg BT 485.31 310.10 Td (These RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (produce RC that qualifies for tax credits under the Internal Revenue Code \("IRC"\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.17 298.10 Td (Section 45 - Pr) Tj ET Q q 0 0 0 rg BT 444.07 298.10 Td (oduction T) Tj ET Q q 0 0 0 rg BT 486.21 298.10 Td (ax Cr) Tj ET Q q 0 0 0 rg BT 508.33 298.10 Td (edit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.33 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (\("Section 45 tax credits"\), including meeting the "placed in service" requirements \(hereafter referred to as "placed in service"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (The law that provides for Section 45 tax credits substantially expires in December 2019 for two of ) Tj ET Q q 0 0 0 rg BT 445.55 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 451.30 274.10 Td (inuum Group's RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (facilities placed in service in 2009 and in the fourth quarter of 2021 for 26 RC facilities built and placed in service in 201) Tj ET Q q 0 0 0 rg BT 534.21 262.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Once an RC facility is in operation, ) Tj ET Q q 0 0 0 rg BT 194.23 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 199.99 250.10 Td (inuum Group may enter into contracts with tax equity investors to lease or sell the RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 238.10 Td (, which we refer to as an "invested" RC facility) Tj ET Q q 0 0 0 rg BT 265.68 238.10 Td (. Such investors subsequently operate the RC facility to produce and sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (RC to a utility) Tj ET Q q 0 0 0 rg BT 106.30 226.10 Td (. RC facilities that are producing and selling RC, but have not been leased or sold, are referred to as "retained" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (RC facilities, whereby the RC is produced and sold by ) Tj ET Q q 0 0 0 rg BT 270.06 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.82 214.10 Td (inuum Group and where the related tax benefits may be realized by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (owners of ) Tj ET Q q 0 0 0 rg BT 92.03 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.79 202.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 155.84 202.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.29 202.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.87 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.69 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 269.45 202.10 Td (inuum Group had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.50 202.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 202.10 Td ( invested RC facilities producing RC at utility sites ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (and no retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 169.23 190.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.32 190.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.32 190.10 Td ( RC facilities, although placed in service, were either installed but not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (operating, awaiting site selection or in various other stages of contract negotiation or permanent installation. Of these remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 166.10 Td ( RC facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.77 166.10 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.76 166.10 Td ( have been installed and are ready to operate pending final commitments for the purchase or lease of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (facilities by tax equity investors. ) Tj ET Q q 0 0 0 rg BT 182.57 154.10 Td (The remaining facilities are awaiting site selection or in various other stages of contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (negotiation, permanent installation or commissioning. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Although we intend to utilize our share of the Section 45 tax credits which have been or may be generated by producing RC at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (retained RC facilities, it is also financially advantageous to lease or sell RC retained facilities to tax equity investors. ) Tj ET Q q 0 0 0 rg BT 518.86 106.10 Td (The tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (equity investor for a particular RC facility pays the operating expenses of the RC facility and also pays ) Tj ET Q q 0 0 0 rg BT 463.59 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 469.35 94.10 Td (inuum Group for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (either the purchase or lease of the RC facility) Tj ET Q q 0 0 0 rg BT 230.39 82.10 Td (, and in return, takes over production and sale of RC including the related tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (benefit. ) Tj ET Q q 0 0 0 rg BT 82.58 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.22 70.10 Td (e benefit from equity income and distributions accruing through our investment in ) Tj ET Q q 0 0 0 rg BT 422.08 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 427.83 70.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 486.26 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 491.67 70.10 Td (ax equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (investors may benefit from their investment in RC facilities through the realization of tax assets and credits from the production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (and sale of RC. ) Tj ET Q q 0 0 0 rg BT 113.60 46.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.05 46.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.63 46.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.07 46.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.07 46.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 308.73 46.10 Td (, the Section 45 tax credits were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.24 46.10 Td ($6.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.74 46.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.18 46.10 Td ($6.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.68 46.10 Td ( per ton of RC ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (produced and sold to a utility) Tj ET Q q 0 0 0 rg BT 166.27 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.09 742.10 Td (The value of the Section 45 tax credits are adjusted annually based on inflation adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (factors published in the Federal Register) Tj ET Q q 0 0 0 rg BT 211.35 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.80 730.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.24 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.82 730.10 Td (, we have received substantial tax credits and benefits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (certain retained RC facilities that previously produced and sold RC for the benefit of ) Tj ET Q q 0 0 0 rg BT 390.83 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 396.59 718.10 Td (inuum Group, but have not been able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (fully utilize them. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.81 706.10 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.75 706.10 Td ( to our Consolidated Financial Statements included under Item 8 of this Report for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (information regarding our net operating losses \("NOL's"\), tax credits and other deferred tax assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 670.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.05 670.10 Td ( RC facilities producing RC as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.86 670.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.45 670.10 Td ( are operated by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.91 670.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.24 670.10 Td ( owned entity) Tj ET Q q 0 0 0 rg BT 447.02 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 451.84 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 457.60 670.10 Td (inuum Services, under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (operating and maintenance agreements with the owners or lessees of the RC facilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Legislation and Envir) Tj ET Q q 0 0 0 rg BT 142.62 634.10 Td (onmental Regulations ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (U.S. Federal Mercury and ) Tj ET Q q 0 0 0 rg BT 160.74 610.10 Td (Air T) Tj ET Q q 0 0 0 rg BT 181.77 610.10 Td (oxic Standards \(MA) Tj ET Q q 0 0 0 rg BT 269.01 610.10 Td (TS\) ) Tj ET Q q 0 0 0 rg BT 291.14 610.10 Td (Af) Tj ET Q q 0 0 0 rg BT 300.96 610.10 Td (fecting Electric Utility Steam Generating Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (On December16, 201) Tj ET Q q 0 0 0 rg BT 137.93 586.10 Td (1, the U.S. EP) Tj ET Q q 0 0 0 rg BT 193.69 586.10 Td (A) Tj ET Q q 0 0 0 rg BT 200.36 586.10 Td ( issued the final "MA) Tj ET Q q 0 0 0 rg BT 284.99 586.10 Td (TS Rule," which took ef) Tj ET Q q 0 0 0 rg BT 381.93 586.10 Td (fect in ) Tj ET Q q 0 0 0 rg BT 409.14 586.10 Td (April 2012. ) Tj ET Q q 0 0 0 rg BT 457.57 586.10 Td (The EP) Tj ET Q q 0 0 0 rg BT 486.37 586.10 Td (A) Tj ET Q q 0 0 0 rg BT 493.04 586.10 Td ( structured the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 574.10 Td (TS Rule as a MACT) Tj ET Q q 0 0 0 rg BT 146.30 574.10 Td (-based hazardous pollutant regulation applicable to coal and oil-fired Electric Utility Steam Generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Units \(EGU\), which generate electricity via steam turbines and have a capacity of 25 megawatts or greater) Tj ET Q q 0 0 0 rg BT 484.14 562.10 Td (, and provide for) Tj ET Q q 0 0 0 rg BT 550.38 562.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (among other provisions, control of mercury and particulate matter and control of acid gases such as HC1 and other Hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Air Pollutants \("HAPs"\). ) Tj ET Q q 0 0 0 rg BT 151.50 538.10 Td (According to our estimates, the standard sets a limit that we believe requires the capture of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (80-90% of the mercury in the coal burned in electric power generation boilers as measured at the exhaust stack outlet for most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (plants. ) Tj ET Q q 0 0 0 rg BT 78.71 514.10 Td (The MACT) Tj ET Q q 0 0 0 rg BT 125.46 514.10 Td ( standards are also known as National Emission Standards for Hazardous ) Tj ET Q q 0 0 0 rg BT 419.57 514.10 Td (Air Pollutants \("NESHAP"\). Plants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (generally had four years to comply with the rule, and we estimate that, based on data reported to the EP) Tj ET Q q 0 0 0 rg BT 463.12 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 469.79 502.10 Td ( and conversations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (with plant operators, most plants were required to comply by ) Tj ET Q q 0 0 0 rg BT 295.78 490.10 Td (April 2016. From May 2016 through October 2016, 679 EGU's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (had reported operations compared to 744 with operations during all of 2016, which included the pre-compliance period through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (April 2016. ) Tj ET Q q 0 0 0 rg BT 98.06 466.10 Td (Although operating data indicated over 60 boilers ceased operations following the compliance date, not all of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (boilers have been permanently shut down and some may return to operations at a future date. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (State Mercury and ) Tj ET Q q 0 0 0 rg BT 128.80 430.10 Td (Air T) Tj ET Q q 0 0 0 rg BT 149.83 430.10 Td (oxics Regulations ) Tj ET Q q 0 0 0 rg BT 225.02 430.10 Td (Af) Tj ET Q q 0 0 0 rg BT 234.84 430.10 Td (fecting EGUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (In addition to the federal MA) Tj ET Q q 0 0 0 rg BT 166.36 406.10 Td (TS Rule, certain states have their own mercury rules that are similar to or more stringent than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 394.10 Td (TS, and power plants around the country are subject to consent decrees that require the control of acid gases and particulate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (matter) Tj ET Q q 0 0 0 rg BT 75.14 382.10 Td (, in addition to mercury emissions. Seventeen states have mercury-specific rules that af) Tj ET Q q 0 0 0 rg BT 423.18 382.10 Td (fect more than 260 generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (units. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (U.S. Federal Industrial Boiler MACT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (In January 2013, the U.S. EP) Tj ET Q q 0 0 0 rg BT 165.18 322.10 Td (A) Tj ET Q q 0 0 0 rg BT 171.85 322.10 Td ( issued the final set of adjustments to the MACT) Tj ET Q q 0 0 0 rg BT 365.07 322.10 Td (-based air toxics standards for industrial boilers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (including mercury) Tj ET Q q 0 0 0 rg BT 122.94 310.10 Td (, particulate matter) Tj ET Q q 0 0 0 rg BT 197.78 310.10 Td (, and acid gas emission limits. Existing boilers typically had until January 31, 2017 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (comply with the rule. On December 1, 2014, the EP) Tj ET Q q 0 0 0 rg BT 256.81 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 263.48 298.10 Td ( announced the reconsideration of the IBMACT) Tj ET Q q 0 0 0 rg BT 454.91 298.10 Td ( and proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (amendments to the version published January 31, 2013, representing technical corrections and clarifications. ) Tj ET Q q 0 0 0 rg BT 486.35 286.10 Td (The proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (amendments do not af) Tj ET Q q 0 0 0 rg BT 138.41 274.10 Td (fect the applicability of the final rule. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (The EP) Tj ET Q q 0 0 0 rg BT 78.80 250.10 Td (A) Tj ET Q q 0 0 0 rg BT 85.47 250.10 Td ( estimated that approximately 600 coal-fired boilers will be af) Tj ET Q q 0 0 0 rg BT 332.71 250.10 Td (fected by the industrial boiler MACT) Tj ET Q q 0 0 0 rg BT 481.66 250.10 Td ( \("IBMACT"\), in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (industries such as pulp and paper) Tj ET Q q 0 0 0 rg BT 181.92 238.10 Td (. Our estimates, based on conversations with plant operators, suggest that most of the af) Tj ET Q q 0 0 0 rg BT 532.50 238.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (plants have or will either shut down or switch fuels to natural gas to comply with the regulation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.82 202.10 Td (fluent Limitation Guidelines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (On September 30, 2015, the EP) Tj ET Q q 0 0 0 rg BT 175.45 178.10 Td (A) Tj ET Q q 0 0 0 rg BT 182.12 178.10 Td ( set the first federal limits on the levels of toxic metals in wastewater that can be dischar) Tj ET Q q 0 0 0 rg BT 534.33 178.10 Td (ged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (from power plants. ) Tj ET Q q 0 0 0 rg BT 128.13 166.10 Td (The final rule requires, among other things, zero dischar) Tj ET Q q 0 0 0 rg BT 352.88 166.10 Td (ge for fly ash transport water) Tj ET Q q 0 0 0 rg BT 468.27 166.10 Td (, and limits on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (mercury) Tj ET Q q 0 0 0 rg BT 82.67 154.10 Td (, arsenic, selenium, and nitrate from flue gas desulfurization \("FGD"\) wastewater \(also known as "legacy wastewater"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Plants must comply with limits for legacy wastewater beginning as early as November 2018, with a possible extension to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (December 2023 with state approval. ) Tj ET Q q 0 0 0 rg BT 196.62 130.10 Td (Although halogens are not directly regulated in the ef) Tj ET Q q 0 0 0 rg BT 410.26 130.10 Td (fluent guidelines, some halogens may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (impact the ef) Tj ET Q q 0 0 0 rg BT 102.02 118.10 Td (fectiveness of biological wastewater treatment systems that are often used for the removal of selenium. ) Tj ET Q q 0 0 0 rg BT 516.14 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 524.78 118.10 Td (e expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (that these regulations and restrictions on liquid ef) Tj ET Q q 0 0 0 rg BT 247.27 106.10 Td (fluents will generate a continuous market beginning in 2017 or 2018 for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (technologies and operating approaches to reduce liquid ef) Tj ET Q q 0 0 0 rg BT 280.57 94.10 Td (fluents. ) Tj ET Q q 0 0 0 rg BT 312.60 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 321.24 94.10 Td (e are evaluating whether the potential market opportunity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (supports our development of new products to help plants comply with these rules, as well as how these rules may af) Tj ET Q q 0 0 0 rg BT 513.33 82.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (current product of) Tj ET Q q 0 0 0 rg BT 122.01 70.10 Td (ferings.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Additional U.S. Legislation and Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 718.25 Td (August 3, 2015, the EP) Tj ET Q q 0 0 0 rg BT 156.03 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 162.70 718.25 Td ( finalized rules to reduced greenhouse gases \("GHGs"\) in the form of the CPP) Tj ET Q q 0 0 0 rg BT 473.29 718.25 Td (, which established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (guidelines for states to follow in developing plans to reduce GHG emissions. Under the CPP) Tj ET Q q 0 0 0 rg BT 419.12 706.25 Td (, states are required to prepare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (State Implementation Plans to meet state tar) Tj ET Q q 0 0 0 rg BT 225.88 694.25 Td (gets established based on emission reductions from af) Tj ET Q q 0 0 0 rg BT 440.93 694.25 Td (fected sources. ) Tj ET Q q 0 0 0 rg BT 505.17 694.25 Td (The CPP) Tj ET Q q 0 0 0 rg BT 540.63 694.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (requires that the Best System of Emission Reduction \("BSER"\) be implemented and establishes three building blocks, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (include heat rate improvements at af) Tj ET Q q 0 0 0 rg BT 195.59 670.25 Td (fected coal-fired power plants, substituting coal-fired generation with less carbon-intensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (EGUs such as natural gas combined cycle plants, and substituting renewable generation. ) Tj ET Q q 0 0 0 rg BT 405.83 658.25 Td (The CPP) Tj ET Q q 0 0 0 rg BT 441.30 658.25 Td ( has been challenged by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (multiple states in the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 191.38 646.25 Td (Appeals for the District of Columbia Circuit \("DC Circuit"\). ) Tj ET Q q 0 0 0 rg BT 434.88 646.25 Td (The CPP) Tj ET Q q 0 0 0 rg BT 470.35 646.25 Td ( is currently stayed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (the Supreme Court, and a panel of 10 judges on the DC Circuit are reviewing the CPP) Tj ET Q q 0 0 0 rg BT 393.73 634.25 Td ( following a hearing in September 2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (International Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (There are various international regulations related to mercury control. In Canada, the Canada-W) Tj ET Q q 0 0 0 rg BT 434.44 586.25 Td (ide Standard \("CWS"\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (initially implemented in 2010, with increasingly stringent limits through 2020 with varying mercury caps for each province. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (China and Germany both have limits for mercury emissions that are less stringent than U.S. limits, which are typically met ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (using co-benefits from other installed air pollution control equipment designed to control other pollutants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (Based upon the existing and potential regulations, we believe the international market for mercury control products may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (expand in the coming years, and we are positioning our patent portfolio accordingly to be prepared if a market for our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (appears.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (Segment Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 443.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 443.25 Td (, our operations consisted of two reportable segments: \(1\) RC and \(2\) EC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (Financial information related to each of our reportable segments is set forth in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.62 419.25 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.56 419.25 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (Statements included in Item 8 of this Report. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 383.25 Td (RC Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (Our RC segment derives its earnings from equity method investments as well as royalty payment streams and other revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (related to reduced emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.63 346.11 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.38 347.25 Td ( and mercury from coal treated with our proprietary chemicals and burned at coal fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (power plants. Reducing emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 234.70 334.11 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.46 335.25 Td ( and mercury from the combustion of coal is necessary to comply with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (regulatory standards. Our equity method investments related to the RC segment include ) Tj ET Q q 0 0 0 rg BT 402.79 323.25 Td (T) Tj ET Q q 0 0 0 rg BT 408.55 323.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 481.42 323.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.17 323.25 Td (inuum Services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 311.25 Td (, through March 3, 2016, we had an equity method investment referred to as RCM6, which impacted the results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (the RC segment. ) Tj ET Q q 0 0 0 rg BT 118.33 299.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.77 299.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.36 299.25 Td (, we held equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.38 299.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.21 299.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 299.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.98 299.25 Td ( in ) Tj ET Q q 0 0 0 rg BT 410.58 299.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.34 299.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 489.20 299.25 Td (T) Tj ET Q q 0 0 0 rg BT 494.96 299.25 Td (inuum Services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 287.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 263.25 Td (inuum Group owns, leases or sells facilities used in the production of RC. ) Tj ET Q q 0 0 0 rg BT 353.03 263.25 Td (The RC facilities are located at coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (generation stations owned by regulated utilities, cooperatives, government agencies and wholesale power generators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 99.33 239.25 Td (, "Generators"\). ) Tj ET Q q 0 0 0 rg BT 164.51 239.25 Td (The RC produced by the RC facilities is used by the Generators as fuel in the coal-fired boilers to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (produce electricity) Tj ET Q q 0 0 0 rg BT 124.03 227.25 Td (. ) Tj ET Q q 0 0 0 rg BT 128.85 227.25 Td (The production and sale of RC in these RC facilities qualifies for Section 45 tax credits during the term of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (such credits. ) Tj ET Q q 0 0 0 rg BT 102.30 215.25 Td (The IRS has issued guidance regarding emissions reductions in the production of electricity by coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (plants, including measurement and certification criteria necessary to qualify for the Section 45 tax credits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (The RC facilities that ) Tj ET Q q 0 0 0 rg BT 138.13 179.25 Td (T) Tj ET Q q 0 0 0 rg BT 143.89 179.25 Td (inuum Group has leased or sold to tax equity investors are referred to as invested facilities. For invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 89.25 167.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.00 167.25 Td (inuum Group collects lease income from the lessee, if leased, or sales proceeds from the buyer if sold. ) Tj ET Q q 0 0 0 rg BT 505.53 167.25 Td (W) Tj ET Q q 0 0 0 rg BT 514.17 167.25 Td (e benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (from these transactions through our equity method investment in ) Tj ET Q q 0 0 0 rg BT 311.16 155.25 Td (T) Tj ET Q q 0 0 0 rg BT 316.91 155.25 Td (inuum Group. RC facilities that are producing RC, but that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 143.25 Td (inuum Group has not leased or sold, are referred to as retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 362.70 143.25 Td (The owners of ) Tj ET Q q 0 0 0 rg BT 422.78 143.25 Td (T) Tj ET Q q 0 0 0 rg BT 428.54 143.25 Td (inuum Group, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 131.25 Td (, produce and sell RC to Generators, and may benefit to the extent Section 45 tax credits and other tax benefits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (realized from the operation of retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 261.68 119.25 Td (The ability to produce RC, which generates Section 45 tax credits, expires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (10 years after each RC facility is placed into service, but not later than December 31, 2021. RCM6, of which we owned a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (24.95% equity interest and was sold in March 2016, owned a single RC facility managed by a wholly-owned subsidiary of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 83.25 Td (inuum Group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 59.25 Td (inuum Services operates and maintains RC facilities under operating and maintenance agreements with owners or lessees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (RC facilities. ) Tj ET Q q 0 0 0 rg BT 105.09 47.25 Td (T) Tj ET Q q 0 0 0 rg BT 110.84 47.25 Td (inuum Group or the owners or lessees of the RC facilities pay ) Tj ET Q q 0 0 0 rg BT 360.05 47.25 Td (T) Tj ET Q q 0 0 0 rg BT 365.81 47.25 Td (inuum Services, subject to certain limitations, ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the costs of operating and maintaining the RC facilities plus various fees. ) Tj ET Q q 0 0 0 rg BT 345.03 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 350.79 742.10 Td (inuum Services also arranges for the purchase and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (delivery of certain chemical additives, which include the chemicals required for our CyClean) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 422.36 734.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.11 730.10 Td (, M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 459.33 734.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.70 730.10 Td (and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 525.42 733.73 Td (TM) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.22 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (technologies, necessary for the production of RC under chemical agency agreements. ) Tj ET Q q 0 0 0 rg BT 393.31 718.10 Td (The term of each chemical agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (agreement runs concurrently with the respective RC facility's lease. ) Tj ET Q q 0 0 0 rg BT 322.08 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.84 706.10 Td (inuum Services is also the primary beneficiary of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (RC facilities that are variable interest entities \("VIEs"\) and therefore consolidates such RC facilities. ) Tj ET Q q 0 0 0 rg BT 453.87 694.10 Td (All net income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (associated with these consolidated RC facilities is allocated to the noncontrolling equity owners and therefore does not impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (our equity earnings \(loss\) from ) Tj ET Q q 0 0 0 rg BT 176.18 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 181.94 670.10 Td (inuum Services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 646.10 Td (inuum Group also pays us royalties from the licensing of our M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 323.77 649.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.57 646.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 388.79 649.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.59 646.10 Td ( EC technologies \("M-45 License"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Royalties are earned based upon: \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 287.47 634.10 Td (-ton, pre-tax mar) Tj ET Q q 0 0 0 rg BT 354.76 634.10 Td (gin net of certain allocable operating expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (related to the lease or sale of an invested RC facility that produces and sells RC under the M-45 License, \(ii\) a percentage of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (value of the Section 45 tax credits produced net of certain allocable operating expenses as a result of the production and sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (RC under the M-45 License at retained RC facilities and \(iii\) a percentage of the revenue, net of all direct expenses, received by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 586.10 Td (inuum Group as a direct result of ) Tj ET Q q 0 0 0 rg BT 190.26 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.02 586.10 Td (inuum Group's exercise of the M-45 License. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td (EC Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.10 Td (\(a\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (Systems & Equipment- ) Tj ET Q q 0 0 0 rg BT 182.58 526.10 Td (Activated Carbon Injection, Dry Sorbent Injection System and Other Systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 508.10 Td (e are an established market leader in the supply of ) Tj ET Q q 0 0 0 rg BT 260.79 508.10 Td (ACI systems for the coal-fired electric industry) Tj ET Q q 0 0 0 rg BT 448.96 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 453.78 508.10 Td (The injection of activated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (carbon into the coal combustion flue gas for the purpose of absorbing mercury molecules is the most established and accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (technology to specifically reduce mercury emissions. Our proprietary and highly engineered ) Tj ET Q q 0 0 0 rg BT 420.99 484.10 Td (ACI systems facilitate a customer's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (ability to reliably and cost ef) Tj ET Q q 0 0 0 rg BT 164.51 472.10 Td (fectively meet regulatory emissions limits. Most coal-fired power plants had purchased and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (installed required mercury control equipment by mid-April 2016, and most coal-fired industrial boilers requiring ) Tj ET Q q 0 0 0 rg BT 502.39 460.10 Td (ACI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (will have installed systems by January 2017 to meet compliance deadlines. ) Tj ET Q q 0 0 0 rg BT 354.47 448.10 Td (W) Tj ET Q q 0 0 0 rg BT 363.11 448.10 Td (e believe that a limited number of additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (systems may be required to address fuel or operational changes after these dates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (DSI is used to control HC1 and can improve the ef) Tj ET Q q 0 0 0 rg BT 252.55 419.10 Td (fectiveness of ) Tj ET Q q 0 0 0 rg BT 309.76 419.10 Td (ACI for some plants. Most power plants requiring DSI for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 407.10 Td (TS compliance had procured and installed systems by mid-April 2016. ) Tj ET Q q 0 0 0 rg BT 350.04 407.10 Td (W) Tj ET Q q 0 0 0 rg BT 358.68 407.10 Td (e believe that a limited number of additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (systems may be required to address fuel or operational changes, or to meet other regulations in 2017 and 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.50 378.10 Td (ADAir) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 95.27 378.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.11 378.10 Td ( Mixer was designed to improve the ef) Tj ET Q q 0 0 0 rg BT 257.05 378.10 Td (fectiveness of ) Tj ET Q q 0 0 0 rg BT 314.26 378.10 Td (ACI and DSI systems. ) Tj ET Q q 0 0 0 rg BT 406.02 378.10 Td (W) Tj ET Q q 0 0 0 rg BT 414.66 378.10 Td (e believe sales of the ) Tj ET Q q 0 0 0 rg BT 499.90 378.10 Td (ADAir) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.67 378.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.51 378.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Mixer may increase in 2017 and 2018 as plants gain experience with their ) Tj ET Q q 0 0 0 rg BT 347.41 366.10 Td (ACI and DSI systems and seek options to optimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (their systems to reduce operating costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 337.10 Td (\(b\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 337.10 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 313.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 122 311.7669921875 m 232.8203125 311.7669921875 l s q 0 0 0 rg BT 122.00 313.10 Td (Mercury Control ) Tj ET Q q 0 0 0 rg BT 191.43 313.10 Td (Additives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (Our patented M-Prove pre-combustion coal treatment technology involves the application of patented chemicals to coal. ) Tj ET Q q 0 0 0 rg BT 543.35 289.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (technology substantially reduces mercury emissions and also can reduce the amount of activated carbon or other sorbents used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (to meet regulatory mercury emission limits. ) Tj ET Q q 0 0 0 rg BT 227.28 265.10 Td (The power industry is beginning to experience corrosion and wastewater issues in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (their plants that they attribute to the use of bromine to enhance the capture of mercury) Tj ET Q q 0 0 0 rg BT 393.39 253.10 Td (. One of the advantages of the M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 551.12 256.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.22 253.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (additive is that it is ef) Tj ET Q q 0 0 0 rg BT 136.19 241.10 Td (fective at very low application rates, significantly reducing balance of plant risks associated with other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (coal additive technologies for mercury control. ) Tj ET Q q 0 0 0 rg BT 240.03 229.10 Td (W) Tj ET Q q 0 0 0 rg BT 248.67 229.10 Td (e believe that demand for M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 388.34 232.73 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.44 229.10 Td ( technology will increase in 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (2018 as plants gain experience with their mercury control systems and begin to optimize their strategy to reduce operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (impacts, especially as they relate to corrosion and wastewater) Tj ET Q q 0 0 0 rg BT 295.74 205.10 Td (. In October 2012, we were awarded the first of a family of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (patents designed to protect this technology in the U.S., and are pursuing similar patents in various other countries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 169.10 Td (e license certain emissions control technologies, including the M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 344.40 172.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.20 169.10 Td ( additive, to ) Tj ET Q q 0 0 0 rg BT 402.01 169.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.76 169.10 Td (inuum Group for the production of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (RC to reduce emissions of both mercury and NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 245.52 155.67 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.21 157.10 Td ( from coal-fired boilers. ) Tj ET Q q 0 0 0 rg BT 348.05 157.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.69 157.10 Td (e licensed our patented CyClean) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 486.08 160.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.88 157.10 Td ( technology to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 145.10 Td (inuum Group upon formation of the entity in 2006 for use with cyclone boilers for the life of the patents. In July 2012, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (executed the M-45 license with ) Tj ET Q q 0 0 0 rg BT 177.83 133.10 Td (T) Tj ET Q q 0 0 0 rg BT 183.59 133.10 Td (inuum Group, which is ef) Tj ET Q q 0 0 0 rg BT 285.89 133.10 Td (fective for the duration that Section 45 tax credits are available. ) Tj ET Q q 0 0 0 rg BT 542.28 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.91 133.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (believe these licenses will leverage ) Tj ET Q q 0 0 0 rg BT 192.81 121.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.57 121.10 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 254.96 121.10 Td (s operating expertise and allow it the ability to provide and use either the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (CyClean) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 85.00 112.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.79 109.10 Td ( or M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 128.35 112.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.14 109.10 Td ( technology to produce RC. Later in 2012, we made a technological advancement in the M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 511.86 112.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.66 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 97.10 Td (, which was incorporated in the M-45 License and allows it to be ef) Tj ET Q q 0 0 0 rg BT 363.53 97.10 Td (fective in pulverized coal \(PC\) boilers. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (addition to the royalty payments we receive from ) Tj ET Q q 0 0 0 rg BT 249.20 85.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.96 85.10 Td (inuum Group, the use of M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 390.49 88.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.29 85.10 Td ( technology in the production of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (provides valuable operating data and validates the ef) Tj ET Q q 0 0 0 rg BT 260.01 73.10 Td (fectiveness of the M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 368.04 76.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.84 73.10 Td ( technology in a range of coal-fired boilers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 61.10 Td (e expect this information will help in our sales process for the M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 343.57 64.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.37 61.10 Td ( technology) Tj ET Q q 0 0 0 rg BT 397.65 61.10 Td (.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 122 728.7669921875 m 258.357421875 728.7669921875 l s q 0 0 0 rg BT 122.00 730.10 Td (Flue Gas Chemicals and Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.10 Td (e have deployed technologies for conditioning flue gas streams from coal-fired combustion sources. Our flue gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (conditioning chemical allows existing air pollution control devices, such as electrostatic precipitators \("ESPs"\), to operate more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 682.10 Td (ficiently without the use of traditional SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 224.22 680.96 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.12 682.10 Td (additives, which have been shown to be detrimental to ef) Tj ET Q q 0 0 0 rg BT 455.65 682.10 Td (fective mercury control by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (partially negating the ef) Tj ET Q q 0 0 0 rg BT 145.06 670.10 Td (fectiveness of certain sorbents used to absorb mercury) Tj ET Q q 0 0 0 rg BT 361.28 670.10 Td (, including activated carbon. Such treatment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the flue gas stream allows for ef) Tj ET Q q 0 0 0 rg BT 178.11 658.10 Td (fective collection of fly ash particles that would otherwise escape into the atmosphere. ) Tj ET Q q 0 0 0 rg BT 525.58 658.10 Td (The use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (of the proprietary chemical blends may help existing mar) Tj ET Q q 0 0 0 rg BT 278.63 646.10 Td (ginally sized ESPs continue to operate ef) Tj ET Q q 0 0 0 rg BT 442.30 646.10 Td (fectively when applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (exclusively) Tj ET Q q 0 0 0 rg BT 94.89 634.10 Td (, or in combination with other chemicals such as hydrated lime, activated carbon products, or other high-resistivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (materials. Our flue gas conditioning chemical is currently sold under the registered trademark RESPond) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 466.00 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.93 622.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (\(c\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (Consulting Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 574.10 Td (e also of) Tj ET Q q 0 0 0 rg BT 92.33 574.10 Td (fer consulting services to assist electric power generators, the electric utility industry and others in planning and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (implementing strategies to meet the new and increasing government emission standards requiring reductions in SO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 509.89 560.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.49 562.10 Td (, SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 530.28 560.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.52 562.10 Td (, HC1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 64.44 548.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.20 550.10 Td (, particulates, acid gases and mercury) Tj ET Q q 0 0 0 rg BT 217.21 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The following table shows the amount of total revenue by type:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.60 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 481.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 481.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.60 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 451.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 451.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 451.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.60 334.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 421.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 421.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 421.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 502.6 m 442.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 502.6 m 446.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 502.6 m 501.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 502.6 m 505.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 502.6 m 560.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 502.6 m 442.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 481.6 m 442.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 502.6 m 446.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 502.6 m 501.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 481.6 m 501.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 502.6 m 505.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 502.6 m 560.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 481.6 m 560.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 481.6 m 384.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 481.6 m 442.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 481.6 m 501.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 481.6 m 560.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 421.6 m 442.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 407.6 m 442.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 405.6 m 442.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 421.6 m 501.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 407.6 m 501.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 405.6 m 501.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 421.6 m 560.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 407.6 m 560.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 405.6 m 560.5 405.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.05 506.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 485.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.00 485.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 485.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 485.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 471.27 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 456.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 456.27 Td (46,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 456.27 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 456.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 456.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 441.27 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 441.27 Td (3,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 441.27 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 441.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 426.27 Td (Consulting services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 426.27 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 426.27 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 426.27 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.27 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 411.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 411.27 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 411.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 411.27 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 411.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 411.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (Competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 353.10 Td (e are an established leader in the mercury control market for coal-fired electric power generators. ) Tj ET Q q 0 0 0 rg BT 449.38 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 458.01 353.10 Td (e believe we add ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (significant value to our base of) Tj ET Q q 0 0 0 rg BT 173.39 341.10 Td (ferings by having complementary products and services. Our expertise and experience in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (conducting full-scale emissions control demonstrations reflect our understanding of the application of the control technologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (that customers find valuable. Our ability to provide users with performance guarantees on our equipment, along with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (comprehensive testing services and overall compliance strategies, enhances our competitive position in this market. In the EC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (equipment market, we believe Norit ) Tj ET Q q 0 0 0 rg BT 196.06 293.10 Td (Americas, Inc., a division of Cabot Corporation, United Conveyor Corporation, Nol-T) Tj ET Q q 0 0 0 rg BT 540.58 293.10 Td (ec ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Systems, Inc. and Clyde Ber) Tj ET Q q 0 0 0 rg BT 163.69 281.10 Td (gemann, Inc. are our principal ) Tj ET Q q 0 0 0 rg BT 286.14 281.10 Td (ACI market competitors and that Nol-T) Tj ET Q q 0 0 0 rg BT 444.01 281.10 Td (ec Systems, Inc., United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (Conveyor Corporation and Clyde Ber) Tj ET Q q 0 0 0 rg BT 200.35 269.10 Td (gemann, Inc. are our principal DSI market competitors. Competition for ) Tj ET Q q 0 0 0 rg BT 490.55 269.10 Td (ACI and DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (systems is based primarily on price, quality) Tj ET Q q 0 0 0 rg BT 222.93 257.10 Td (, performance, terms of performance guarantees and the ability to meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (requested delivery and installation schedule. In the EC chemicals market, our mercury control chemicals primarily compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (against the use of brominated activated carbon, as well as the use of bromine applied to the coal prior to combustion. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (primary competitors for our coal additives are Nalco and ME2C. ) Tj ET Q q 0 0 0 rg BT 310.76 221.10 Td (As it relates to brominated activated carbon providers, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (competitors include ) Tj ET Q q 0 0 0 rg BT 131.09 209.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 152.21 209.10 Td ( Carbon Solutions, Norit ) Tj ET Q q 0 0 0 rg BT 252.49 209.10 Td (Americas, and Calgon Carbon. Because of a number of market and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (technology dynamics, there is not a definitive connection between the sale of mercury control systems and the ultimate supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (of mercury control chemicals. ) Tj ET Q q 0 0 0 rg BT 172.27 185.10 Td (Thus when we are successful with a contract for the ) Tj ET Q q 0 0 0 rg BT 381.64 185.10 Td (ACI equipment, it does not guarantee that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (we will also sell that customer M-Prove) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 209.41 176.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.21 173.10 Td ( coal additives, and when a customer buys a competitors) Tj ET Q q 0 0 0 rg BT 445.29 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.24 173.10 Td (ACI system it does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (mean that that customer is not a viable candidate for our chemicals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (In the RC market, we believe Chem-Mod, LLC and licensees of the Chem-Mod technology are our principal competitors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (Competition within the RC market is based primarily on price, the number of tons of coal burned at the coal-fired power plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (where the RC facilities are operating and the tax compliance facts associated with each RC facility) Tj ET Q q 0 0 0 rg BT 443.92 113.10 Td (. ) Tj ET Q q 0 0 0 rg BT 448.37 113.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 498.27 113.10 Td (, competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (for tax equity investors extends into other investment opportunities, including opportunities related to potential tax incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (transactions available to potential investors.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Patents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 718.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 718.25 Td (, we held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.90 718.25 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.90 718.25 Td ( U.S. patents that were issued or allowed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.92 718.25 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 718.25 Td ( additional U.S. Provisionals or applications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (that were pending, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.58 706.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 706.25 Td ( international patent applications that were either pending or filed relating to dif) Tj ET Q q 0 0 0 rg BT 472.18 706.25 Td (ferent aspects of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 694.25 Td (. Our existing patents generally have terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.45 694.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.45 694.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.23 694.25 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.23 694.25 Td ( years, measured from the application date, the earliest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (which was in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.27 682.25 Td (1997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.27 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 130.09 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 138.73 682.25 Td (e consider many of our patents or pending patents to be critical to the ongoing conduct of our business. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.92 658.25 Td (V) Tj ET Q q 0 0 0 rg BT 76.22 658.25 Td (endors and Supply of Materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 634.25 Td (e purchase our materials, including equipment, fabricated modules and steel, from a variety of vendors for engineered ) Tj ET Q q 0 0 0 rg BT 531.80 634.25 Td (ACI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and DSI systems, components and other equipment we provide. Such equipment is available from numerous sources; however) Tj ET Q q 0 0 0 rg BT 555.60 622.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (based on the system requested by the customer) Tj ET Q q 0 0 0 rg BT 237.05 610.25 Td (, we may determine that some sources are not suitable. ) Tj ET Q q 0 0 0 rg BT 457.91 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 466.55 610.25 Td (e typically subcontract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (the major portion of the work associated with installation of such equipment to a variety of vendors, who are usually located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (near the work site. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 562.25 Td (e purchase our proprietary chemicals through negotiated blending contracts that include confidentiality agreements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (chemical suppliers. ) Tj ET Q q 0 0 0 rg BT 129.52 550.25 Td (These arrangements attempt to assure continuous supply of our proprietary chemical blends. ) Tj ET Q q 0 0 0 rg BT 501.17 550.25 Td (The chemicals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (used in our proprietary chemical products are readily available, and there are several chemical suppliers that can provide us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (with our requirements. Supply agreements are generally renewed on an annual basis. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Seasonality of ) Tj ET Q q 0 0 0 rg BT 111.12 502.25 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (The sale of our chemical products and RC facility operation levels depend on the operations of the electric power generators to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (which the applicable chemicals are provided and the location of the RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 425.32 466.25 Td (. Electric power generators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (routinely schedule maintenance outages in the spring and/or fall depending upon the operation of the boilers. During the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (in which an outage may occur) Tj ET Q q 0 0 0 rg BT 169.83 442.25 Td (, which may range from one week to over a month, no chemicals are used or RC produced and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (sold, and our revenues can be correspondingly reduced. ) Tj ET Q q 0 0 0 rg BT 274.37 430.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 324.27 430.25 Td (, power generation is weather dependent, with electricity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (and steam production varying in response to heating and cooling needs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Dependence on Major) Tj ET Q q 0 0 0 rg BT 144.25 394.25 Td ( Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 370.25 Td (e depend on our customer relationships with owners and operators of coal-fired power generation facilities as well as general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (market demand for coal-fueled power generation. Our internal sales staf) Tj ET Q q 0 0 0 rg BT 338.03 358.25 Td (f and external sales representative network market our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (technology through trade shows, mailings and direct contact with potential customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Through our investment in ) Tj ET Q q 0 0 0 rg BT 159.25 322.25 Td (T) Tj ET Q q 0 0 0 rg BT 165.00 322.25 Td (inuum Group, we depend on our relationships with owners and operators of coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (generation facilities, including various electric utilities and tax equity investors. ) Tj ET Q q 0 0 0 rg BT 370.84 310.25 Td (T) Tj ET Q q 0 0 0 rg BT 376.60 310.25 Td (inuum Group is the exclusive licensee for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (purposes of producing RC using the CyClean) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 231.65 301.88 Td (TM) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 239.45 302.78 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.07 298.25 Td (and M-45 License technologies. ) Tj ET Q q 0 0 0 rg BT 371.69 298.25 Td (T) Tj ET Q q 0 0 0 rg BT 377.45 298.25 Td (inuum Group depends on tax equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (investors, with significant concentration within af) Tj ET Q q 0 0 0 rg BT 248.66 286.25 Td (filiates of Goldman Sachs \("GS"\). ) Tj ET Q q 0 0 0 rg BT 387.18 286.25 Td (These investors could renegotiate or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (terminate their leases, or the utilities where the RC facilities are installed could materially reduce their use of RC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.74 274.25 Td ( See Risk ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Factors -- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 92.77 262.25 Td (Customers may cancel or delay pr) Tj ET Q q 0 0 0 rg BT 229.87 262.25 Td (ojects and our backlog may not be indicative of our futur) Tj ET Q q 0 0 0 rg BT 457.80 262.25 Td (e r) Tj ET Q q 0 0 0 rg BT 468.26 262.25 Td (evenues.) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Additional information related to major customers is disclosed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 238.25 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.94 238.25 Td ( of the Consolidated Financial Statements included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Item 8 of this Report. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Resear) Tj ET Q q 0 0 0 rg BT 79.25 202.25 Td (ch and Development ) Tj ET Q q 0 0 0 rg BT 168.42 202.25 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (In 2016, we focused on assisting our customers in successfully implementing their MA) Tj ET Q q 0 0 0 rg BT 397.45 184.25 Td (TS strategies and conducted limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (research and development activities. Certain research and development related to CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 390.69 171.11 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.29 172.25 Td ( capture was funded, in part, under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (contracts and/or cost reimbursement arrangements with the U.S. Department of Ener) Tj ET Q q 0 0 0 rg BT 388.60 160.25 Td (gy \("DOE"\) and other third parties. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (research and development expense, net of DOE and industry cost-share partners' reimbursements, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 136.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 136.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 136.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 136.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 136.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 136.25 Td ($\(0.6\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.13 136.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.13 136.25 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.02 136.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.46 136.25 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.35 136.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 444.01 136.25 Td (. Excluding cost-share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (reimbursements, we incurred research and development expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.17 124.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.06 124.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.06 124.25 Td ($6.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.95 124.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.39 124.25 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.28 124.25 Td ( on our own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (behalf for research and development activities related to further development of our technologies for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 100.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 100.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 100.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 100.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 100.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.68 100.25 Td (. ) Tj ET Q q 0 0 0 rg BT 250.50 100.25 Td (W) Tj ET Q q 0 0 0 rg BT 259.14 100.25 Td (e engage in these activities in order to continue to develop technologies to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (bring to the broader EC market and to expand our own of) Tj ET Q q 0 0 0 rg BT 279.48 88.25 Td (ferings into other areas. However) Tj ET Q q 0 0 0 rg BT 412.64 88.25 Td (, we expect future research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (development activities will not be significant as the Company aligns the business with its current strategic objectives.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Refined Coal Data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The following table provides summary information related to the Company's investment in ) Tj ET Q q 0 0 0 rg BT 415.99 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 421.75 725.25 Td (inuum Group and the related RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (facilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.59 713.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.17 713.25 Td ( and tons of RC produced and sold for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.23 713.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.81 713.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 668.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 668.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 668.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 668.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 668.75 m 385.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 668.75 m 444.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 689.75 m 503.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 668.75 m 503.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 689.75 m 507.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 689.75 m 562.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 668.75 m 562.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 668.75 m 444.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 668.75 m 503.5 668.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.40 693.98 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.35 680.98 Td (# of RC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.15 672.98 Td (Facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.25 680.98 Td (Not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.90 672.98 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.05 672.98 Td (Invested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.15 672.98 Td (Retained) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.42 Td (RC Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 658.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 658.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 658.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 658.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.42 Td (RC tons produced and sold \(000's\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 643.42 Td (41,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 643.42 Td (890) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Additional information related to RC facilities is included in Item 7 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 322.44 622.25 Td (Management) Tj ET Q q 0 0 0 rg BT 376.69 622.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 446.79 622.25 Td (Analysis of Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.67 610.25 Td ( \("Item 7"\) of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (Backlog represents the dollar amount of revenues we expect to recognize in the future from fixed-price contracts, primarily for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (ACI and DSI systems as well as certain fixed-price consulting service contracts that have been executed, but work has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (commenced, and those that are currently in progress. ) Tj ET Q q 0 0 0 rg BT 263.26 545.25 Td (A) Tj ET Q q 0 0 0 rg BT 269.93 545.25 Td ( project is included within backlog when a contract is executed. Backlog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (amounts include anticipated revenues associated with the original contract amounts, executed change orders, and any claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (that may be outstanding with customers. It does not include contracts that are in the bidding stage or have not been awarded. ) Tj ET Q q 0 0 0 rg BT 549.86 521.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (a result, we believe the backlog figures are firm, subject to customer modifications, alterations or cancellation provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (contained in the various contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.25 Td (Backlog may not be indicative of future operating results. Estimates of profitability could increase or decrease based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td (changes in direct materials, labor and subcontractor costs, and indirect costs related to contract performance, such as indirect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (labor) Tj ET Q q 0 0 0 rg BT 70.15 456.25 Td (, supplies, tools and repairs, and any claims with customers. Backlog is not a measure defined by accounting principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.25 Td (generally accepted in the United States \("U.S. GAAP"\) and is not a measure of profitability) Tj ET Q q 0 0 0 rg BT 415.20 444.25 Td (. Our method for calculating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.25 Td (backlog may not be comparable to methodologies used by other companies.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 395.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 395.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 365.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 365.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 335.75 433.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 335.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 335.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 395.75 m 482.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 395.75 m 561.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 395.75 m 482.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 335.75 m 561.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 321.75 m 561.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 319.75 m 561.5 319.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 400.00 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 385.42 Td (Backlog as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 385.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 385.42 Td (92,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 370.42 Td (New contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 370.42 Td (7,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 355.42 Td (Change order and claims to existing contracts, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 355.47 Td (\(3,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 355.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 340.42 Td (Revenues recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 340.47 Td (\(47,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 340.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 325.42 Td (Backlog as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 325.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 325.42 Td (49,468) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (Operating Locations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 280.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 280.25 Td (, we had domestic operations located in Colorado. During 2015, we had domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (and international operations, in which the domestic operations were located in Colorado and Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 479.70 268.25 Td (The Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (location, used as a manufacturing facility) Tj ET Q q 0 0 0 rg BT 214.29 256.25 Td (, was closed at the end of 2015, with certain wind-down activities remaining through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (early 2016. ) Tj ET Q q 0 0 0 rg BT 97.30 244.25 Td (The international operations were not material to our total revenues or long-lived assets and were closed at the end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (of 2015. ) Tj ET Q q 0 0 0 rg BT 85.65 232.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 232.25 Td (inuum Group and the related operating entity) Tj ET Q q 0 0 0 rg BT 271.26 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.08 232.25 Td (T) Tj ET Q q 0 0 0 rg BT 281.84 232.25 Td (inuum Services, have operations within 12 states across the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 172.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 172.25 Td ( we employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 172.25 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 172.25 Td ( full-time and part-time personnel, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.85 172.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.51 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.46 172.25 Td (ADES executives; all employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (were employed at our of) Tj ET Q q 0 0 0 rg BT 147.56 160.25 Td (fices in Colorado.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 742.25 Td (vailable Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Our periodic and current reports are filed with the SEC pursuant to Section13\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 484.87 718.25 Td (Act of 1934, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (amended \(the "Exchange ) Tj ET Q q 0 0 0 rg BT 152.09 706.25 Td (Act"\) and are available free of char) Tj ET Q q 0 0 0 rg BT 292.57 706.25 Td (ge within 24 hours after they are filed with, or furnished to, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (SEC at the Company) Tj ET Q q 0 0 0 rg BT 136.94 694.25 Td (s website at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.09375 692.9169921875 m 342.646484375 692.9169921875 l s q 0 0 0 rg BT 186.09 694.25 Td (www) Tj ET Q q 0 0 0 rg BT 207.11 694.25 Td (.advancedemissionssolutions.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 347.47 694.25 Td (The filings are also available through the SEC at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (SEC's Public Reference Room at 100F Street, N.E., ) Tj ET Q q 0 0 0 rg BT 261.31 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 269.95 682.25 Td (ashington, D.C. 20549 or by calling 1-800- SEC-0330. ) Tj ET Q q 0 0 0 rg BT 491.05 682.25 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 543.16 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (these reports can be accessed at the SEC) Tj ET Q q 0 0 0 rg BT 214.66 670.25 Td (s website atwww) Tj ET Q q 0 0 0 rg BT 284.83 670.25 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 316.95 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 321.77 670.25 Td (The information contained on our web site shall not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (deemed incorporated by reference in any filing under the Securities ) Tj ET Q q 0 0 0 rg BT 321.56 658.25 Td (Act of 1933, as amended \(the "Securities ) Tj ET Q q 0 0 0 rg BT 487.26 658.25 Td (Act"\) or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.37 646.25 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Copies of Corporate Governance Documents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (The following Company corporate governance documents are available free of char) Tj ET Q q 0 0 0 rg BT 384.67 598.25 Td (ge at our website at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 584.9169921875 m 206.552734375 584.9169921875 l s q 0 0 0 rg BT 50.00 586.25 Td (www) Tj ET Q q 0 0 0 rg BT 71.02 586.25 Td (.advancedemissionssolutions.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.55 586.25 Td ( and such information is available in print to any stockholder who requests it by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (contacting the Secretary of the Company at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.77 574.25 Td (640 Plaza Drive, Suite 270, Highlands Ranch CO, 80129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 574.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 556.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 556.25 Td (Certificate of Incorporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 544.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 544.25 Td (Bylaws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 532.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 532.25 Td (Code of Ethics and Business Conduct) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 520.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 520.25 Td (Insider ) Tj ET Q q 0 0 0 rg BT 129.09 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 134.84 520.25 Td (rading Policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 508.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 508.25 Td (Whistleblower Protection Policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 496.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 496.25 Td (Board of Directors Responsibilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 484.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 484.25 Td (Audit Committee Charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 472.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 472.25 Td (Compensation Committee Charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 460.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 460.25 Td (Nominating and Governance Committee Charter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (Forward-Looking Statements Found in this Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (This Report contains forward-looking statements within the meaning of Section27A) Tj ET Q q 0 0 0 rg BT 388.27 410.25 Td ( of the Securities ) Tj ET Q q 0 0 0 rg BT 457.70 410.25 Td (Act and Section21E of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (the Exchange ) Tj ET Q q 0 0 0 rg BT 106.09 398.25 Td (Act that involve risks and uncertainties. In particular such forward-looking statements are found in this Part I and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (under the heading in Part II, Item7 below) Tj ET Q q 0 0 0 rg BT 216.80 386.25 Td (. ) Tj ET Q q 0 0 0 rg BT 221.62 386.25 Td (W) Tj ET Q q 0 0 0 rg BT 230.26 386.25 Td (ords or phrases such as "anticipates," "believes," "expects," "intends," "plans," ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td ("estimates," "predicts," the negative expressions of such words, or similar expressions are used in this Report to identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (forward-looking statements, and such forward-looking statements include, but are not limited to, statements or expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (regarding: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 326.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 326.25 Td (the scope and impact of mercury and other regulations or pollution control requirements, including the impact of the final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 314.25 Td (MA) Tj ET Q q 0 0 0 rg BT 89.00 314.25 Td (TS; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 302.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 302.25 Td (the production and sale of RC by the RC facilities will qualify for Section 45 tax credits; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 290.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 290.25 Td (expected growth or contraction in and potential size of our tar) Tj ET Q q 0 0 0 rg BT 320.95 290.25 Td (get markets; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 278.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 278.25 Td (expected supply and demand for our products and services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 266.25 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 266.25 Td (increasing competition in the emission control market; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 254.25 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 254.25 Td (our ability to satisfy warranty and performance guarantee provisions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 242.25 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 242.25 Td (expected dissolution and winding down of certain of our wholly-owned subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 230.25 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 230.25 Td (future level of research and development activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 218.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 218.25 Td (the ef) Tj ET Q q 0 0 0 rg BT 96.30 218.25 Td (fectiveness of our technologies and the benefits they provide; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 206.25 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 206.25 Td (T) Tj ET Q q 0 0 0 rg BT 79.76 206.25 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 136.14 206.25 Td (s ability to profitably sell and/or lease additional RC facilities and/or RC facilities that may be returned to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 194.25 Td (T) Tj ET Q q 0 0 0 rg BT 79.76 194.25 Td (inuum Group, or recognize the tax benefits from production and sale of RC on retained RC facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 182.25 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 182.25 Td (probability of any loss occurring with respect to certain guarantees made by ) Tj ET Q q 0 0 0 rg BT 379.83 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 385.59 182.25 Td (inuum Group \("Party Guarantees"\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 170.25 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 170.25 Td (the timing of awards of, and work and related testing under) Tj ET Q q 0 0 0 rg BT 310.47 170.25 Td (, our contracts and agreements and their value;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 158.25 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 158.25 Td (the timing and amounts of or changes in future revenues, royalties earned, backlog, funding for our business and projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 146.25 Td (mar) Tj ET Q q 0 0 0 rg BT 89.37 146.25 Td (gins, expenses, earnings, tax rate, cash flow) Tj ET Q q 0 0 0 rg BT 263.66 146.25 Td (, royalty payment obligations, working capital, liquidity and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 134.25 Td (financial and accounting measures; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 122.25 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 122.25 Td (the outcome of current and pending legal proceedings; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 110.25 Td (\(o\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 110.25 Td (awards of patents designed to protect our proprietary technologies both in the U.S. and other countries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 98.25 Td (\(p\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 98.25 Td (the materiality of any future adjustments to previously recorded reimbursements as a result of the DOE audits and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 86.25 Td (amount of contributions from the DOE and others towards planned project construction and demonstrations; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 74.25 Td (\(q\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 74.25 Td (whether any legal challenges or EP) Tj ET Q q 0 0 0 rg BT 213.86 74.25 Td (A) Tj ET Q q 0 0 0 rg BT 220.53 74.25 Td ( actions will have a material impact on the implementation of the MA) Tj ET Q q 0 0 0 rg BT 498.23 74.25 Td (TS or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 62.25 Td (regulations and on our ongoing business.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our expectations are based on certain assumptions, including without limitation, that: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 718.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 718.10 Td (coal will continue to be a major source of fuel for electrical generation in the United States; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 706.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.10 Td (the IRS will allow the production and sale of RC to qualify for Section 45 tax credits;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 694.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (we will continue as a key supplier of equipment, chemicals and services to the coal-fired power generation industry as it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (seeks to implement reduction of mercury emissions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 670.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 670.10 Td (current environmental laws and regulations requiring reduction of mercury from coal-fired boiler flue gases will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.10 Td (materially weakened or repealed by courts or legislation in the future; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 646.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (we will be able to meet any performance guarantees we make and continue to meet our other obligations under contracts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 634.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 634.10 Td (we will be able to obtain adequate capital and personnel resources to meet our operating needs and to fund anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (growth and our indemnity obligations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 610.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 610.10 Td (we will be able to establish and retain key business relationships with other companies; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 598.10 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td (orders we anticipate receiving will be received;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 586.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (governmental audits of our costs incurred under DOE contracts will not result in material adjustments to amounts we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (have previously received under those contracts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 562.10 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 562.10 Td (we will be able to formulate new chemicals and blends that will be useful to, and accepted by) Tj ET Q q 0 0 0 rg BT 447.11 562.10 Td (, the coal-fired boiler power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 550.10 Td (generation business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 538.10 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 538.10 Td (we will be able to ef) Tj ET Q q 0 0 0 rg BT 155.18 538.10 Td (fectively compete against others; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 526.10 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 526.10 Td (we will be able to meet any technical requirements of projects we undertake;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 514.10 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.76 514.10 Td (inuum Group will be able to sell or lease the remaining RC facilities, including RC facilities that may be returned to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.76 502.10 Td (inuum Group, to third party investors; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 490.10 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.10 Td (we will be able to utilize our portion of the Section 45 tax credits generated by production and sale of RC from retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (The forward-looking statements included in this Report involve risks and uncertainties. ) Tj ET Q q 0 0 0 rg BT 401.04 454.10 Td (Actual events or results could dif) Tj ET Q q 0 0 0 rg BT 533.32 454.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (timing of new and pending regulations and any legal challenges to or extensions of compliance dates of them; the US ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (government) Tj ET Q q 0 0 0 rg BT 100.54 418.10 Td (s failure to promulgate regulations or appropriate funds that benefit our business; changes in laws and regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (accounting rules, prices, economic conditions and market demand; impact of competition; availability) Tj ET Q q 0 0 0 rg BT 457.29 406.10 Td (, cost of and demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (alternative ener) Tj ET Q q 0 0 0 rg BT 111.72 394.10 Td (gy sources and other technologies; technical, start up and operational dif) Tj ET Q q 0 0 0 rg BT 401.17 394.10 Td (ficulties; failure of the RC facilities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (produce RC; termination of or amendments to the contracts for sale or lease of RC facilities; decreases in the production of RC; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (inability to commercialize our technologies on favorable terms; our inability to ramp up our operations to ef) Tj ET Q q 0 0 0 rg BT 481.92 370.10 Td (fectively address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (recent and expected growth in our business; loss of key personnel; potential claims from any terminated employees, customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (or vendors; failure to satisfy performance guarantees; availability of materials and equipment for our businesses; intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (property infringement claims from third parties; pending litigation; identification of additional material weaknesses or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (significant deficiencies; as well as other factors relating to our business, as described in our filings with the SEC, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (particular emphasis on the risk factor disclosures contained in those filings and in Risk Factors of this Report. ) Tj ET Q q 0 0 0 rg BT 490.93 310.10 Td (Y) Tj ET Q q 0 0 0 rg BT 497.15 310.10 Td (ou are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (cautioned not to place undue reliance on the forward-looking statements made in this Report and to consult filings we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (made and will make with the SEC for additional discussion concerning risks and uncertainties that may apply to our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (and the ownership of our securities. ) Tj ET Q q 0 0 0 rg BT 195.06 274.10 Td (The forward-looking statements contained in this Report are presented as of the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (hereof, and we disclaim any duty to update such statements unless required by law to do so.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item1A. Risk Factors) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 716.68505859375 m 175.21484375 716.68505859375 l s q 0 0 0 rg BT 50.00 718.25 Td (Risks r) Tj ET Q q 0 0 0 rg BT 80.10 718.25 Td (elating to our) Tj ET Q q 0 0 0 rg BT 137.14 718.25 Td ( business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.21 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (The following risks r) Tj ET Q q 0 0 0 rg BT 138.44 694.25 Td (elate to our) Tj ET Q q 0 0 0 rg BT 186.57 694.25 Td ( business as of the date this Report is filed with the SEC, or) Tj ET Q q 0 0 0 rg BT 438.07 694.25 Td ( any alternative date ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (specified. ) Tj ET Q q 0 0 0 rg BT 92.04 682.25 Td (This list of risks is not intended to be exhaustive, but r) Tj ET Q q 0 0 0 rg BT 322.44 682.25 Td (eflects what we believe ar) Tj ET Q q 0 0 0 rg BT 430.55 682.25 Td (e the material risks inher) Tj ET Q q 0 0 0 rg BT 537.57 682.25 Td (ent in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (our) Tj ET Q q 0 0 0 rg BT 64.82 670.25 Td ( business and the ownership of our) Tj ET Q q 0 0 0 rg BT 212.45 670.25 Td ( securities as of the specified dates. ) Tj ET Q q 0 0 0 rg BT 361.88 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 368.54 670.25 Td ( statement to the effect that the occurr) Tj ET Q q 0 0 0 rg BT 531.35 670.25 Td (ence of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (a specified event may have a negative impact on our) Tj ET Q q 0 0 0 rg BT 271.18 658.25 Td ( business, r) Tj ET Q q 0 0 0 rg BT 318.52 658.25 Td (esults of operations, pr) Tj ET Q q 0 0 0 rg BT 415.56 658.25 Td (ofitability) Tj ET Q q 0 0 0 rg BT 456.67 658.25 Td (, financial condition, or) Tj ET Q q 0 0 0 rg BT 555.66 658.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the like, is intended to r) Tj ET Q q 0 0 0 rg BT 150.38 646.25 Td (eflect the fact that such an event would be likely to have a negative impact on your) Tj ET Q q 0 0 0 rg BT 500.72 646.25 Td ( investment in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 106.95 634.25 Td (, but should not imply the likelihood of the occurr) Tj ET Q q 0 0 0 rg BT 318.46 634.25 Td (ence of such specified event. ) Tj ET Q q 0 0 0 rg BT 439.93 634.25 Td (The order) Tj ET Q q 0 0 0 rg BT 482.79 634.25 Td ( in which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (following risk factors ar) Tj ET Q q 0 0 0 rg BT 152.30 622.25 Td (e pr) Tj ET Q q 0 0 0 rg BT 169.06 622.25 Td (esented is not intended as an indication of the r) Tj ET Q q 0 0 0 rg BT 369.17 622.25 Td (elative seriousness of any given risk.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Demand for) Tj ET Q q 0 0 0 rg BT 101.20 598.25 Td ( our) Tj ET Q q 0 0 0 rg BT 118.52 598.25 Td ( pr) Tj ET Q q 0 0 0 rg BT 130.84 598.25 Td (oducts and services depends significantly on envir) Tj ET Q q 0 0 0 rg BT 342.90 598.25 Td (onmental laws and r) Tj ET Q q 0 0 0 rg BT 429.67 598.25 Td (egulations; uncertainty as to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (the futur) Tj ET Q q 0 0 0 rg BT 87.87 586.25 Td (e of such laws and r) Tj ET Q q 0 0 0 rg BT 171.87 586.25 Td (egulations, as well as changes to such laws and r) Tj ET Q q 0 0 0 rg BT 376.15 586.25 Td (egulations, or) Tj ET Q q 0 0 0 rg BT 433.75 586.25 Td ( granting of extensions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (compliance deadlines has had, and will likely continue to have, a material effect on our) Tj ET Q q 0 0 0 rg BT 418.71 574.25 Td ( business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 550.25 Td ( significant market driver for our existing products and services, and those planned in the future, are present and expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (environmental laws and regulations, particularly those addressing the reduction of mercury and other emissions from coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (power plants. If such laws and regulations are delayed, or are not enacted or are repealed or amended to be less strict, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (include prolonged phase-in periods, or not enforced, our business would be adversely af) Tj ET Q q 0 0 0 rg BT 401.94 514.25 Td (fected by declining demand for such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (products and services. For example:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 478.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 478.25 Td (The implementation of environmental regulations regarding certain pollution control and permitting requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 466.25 Td (has been delayed from time to time due to various lawsuits. ) Tj ET Q q 0 0 0 rg BT 339.32 466.25 Td (The uncertainty created by litigation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 454.25 Td (reconsiderations of rule-making by the EP) Tj ET Q q 0 0 0 rg BT 267.20 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 273.87 454.25 Td ( has negatively impacted our business, results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 442.25 Td (financial condition and will likely continue to do so. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 418.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 104.41 418.25 Td (o the extent federal, state, and local legislation mandating that electric power generating companies serving a state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 406.25 Td (or region purchase a minimum amount of power from renewable ener) Tj ET Q q 0 0 0 rg BT 377.61 406.25 Td (gy sources such as wind, hydroelectric, solar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 394.25 Td (and geothermal, and such amount lessens demand for electricity from coal-fired plants, the demand for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 382.25 Td (products and services would likely decrease. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Federal, state, and international laws or regulations addressing emissions from coal-fired facilities, climate change or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (actions to limit emissions, including public opposition to new coal power plants, has caused and could continue to cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (electricity generators to transition from coal to other fuel and power sources, such as natural gas, nuclear) Tj ET Q q 0 0 0 rg BT 468.33 334.25 Td (, wind, hydroelectric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (and solar) Tj ET Q q 0 0 0 rg BT 85.83 322.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.64 322.25 Td (The potential financial impact on us of future laws or regulations or public pressure will depend upon the degree to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (which electricity generators diminish their reliance on coal as a fuel source. ) Tj ET Q q 0 0 0 rg BT 354.42 310.25 Td (That, in turn, will depend on a number of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (including the specific requirements imposed by any such laws or regulations, the periods over which those laws or regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (are or will be phased in, the amount of public opposition, and the state and cost of commercial development of related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (technologies and processes. In addition, Public Utility Commissions \("PUC's"\) may not allow utilities to char) Tj ET Q q 0 0 0 rg BT 487.52 274.25 Td (ge consumers for) Tj ET Q q 0 0 0 rg BT 555.99 274.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (and pass on the cost of, emission control technologies without federal or state mandate. In view of the significant uncertainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (surrounding each of these factors, we cannot reasonably predict the impact that any such laws or regulations or public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (opposition may have on our results of operations, financial condition or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (The ability of ) Tj ET Q q 0 0 0 rg BT 109.55 214.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.04 214.25 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 158.36 214.25 Td (oup to generate r) Tj ET Q q 0 0 0 rg BT 231.22 214.25 Td (evenues fr) Tj ET Q q 0 0 0 rg BT 274.64 214.25 Td (om the sale or) Tj ET Q q 0 0 0 rg BT 334.17 214.25 Td ( lease of RC facilities to tax equity investors is not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (assur) Tj ET Q q 0 0 0 rg BT 72.60 202.25 Td (ed, and the inability to sell, lease or) Tj ET Q q 0 0 0 rg BT 222.14 202.25 Td ( operate RC facilities to pr) Tj ET Q q 0 0 0 rg BT 334.99 202.25 Td (oduce and sell RC and generate Section 45 tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (cr) Tj ET Q q 0 0 0 rg BT 58.70 190.25 Td (edits could adversely affect our) Tj ET Q q 0 0 0 rg BT 191.27 190.25 Td ( futur) Tj ET Q q 0 0 0 rg BT 215.81 190.25 Td (e gr) Tj ET Q q 0 0 0 rg BT 232.01 190.25 Td (owth and pr) Tj ET Q q 0 0 0 rg BT 284.06 190.25 Td (ofitability) Tj ET Q q 0 0 0 rg BT 325.18 190.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Except for RC facilities that ) Tj ET Q q 0 0 0 rg BT 164.51 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 170.26 166.25 Td (inuum Group may retain and operate permanently for its own benefit, ) Tj ET Q q 0 0 0 rg BT 451.11 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 456.87 166.25 Td (inuum Group is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (attempting to sell or lease the remaining RC facilities to investors. ) Tj ET Q q 0 0 0 rg BT 316.98 154.25 Td (The inability of ) Tj ET Q q 0 0 0 rg BT 381.51 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 387.27 154.25 Td (inuum Group to successfully lease or sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (additional RC facilities to third party tax equity investors who will receive the benefit of the Section 45 tax credits that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (expected to be generated from those RC facilities, as well as RC facilities that may be returned to ) Tj ET Q q 0 0 0 rg BT 441.64 130.25 Td (T) Tj ET Q q 0 0 0 rg BT 447.39 130.25 Td (inuum Group over time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (would likely have an adverse ef) Tj ET Q q 0 0 0 rg BT 176.71 118.25 Td (fect on our future growth and profitability) Tj ET Q q 0 0 0 rg BT 343.79 118.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Furthermore, if in the future electric power generators decide to limit coal-fired generation for economic reasons and/or do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (burn and use RC and instead switch to another power or fuel source, ) Tj ET Q q 0 0 0 rg BT 325.86 82.25 Td (T) Tj ET Q q 0 0 0 rg BT 331.62 82.25 Td (inuum Group would likely be unable to fully produce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (RC and the associated Section 45 tax credits potentially available from RC facilities over the anticipated term of the Section45 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (tax credit program. In addition, pursuant to ) Tj ET Q q 0 0 0 rg BT 224.50 58.25 Td (T) Tj ET Q q 0 0 0 rg BT 230.25 58.25 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 286.64 58.25 Td (s operating agreement, if ) Tj ET Q q 0 0 0 rg BT 388.36 58.25 Td (T) Tj ET Q q 0 0 0 rg BT 394.12 58.25 Td (inuum Group is unable to generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (enough revenue for cash distributions through the sale or lease of RC facilities over the next five years to return the ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (unrecovered investment balance to its Class B Member) Tj ET Q q 0 0 0 rg BT 270.37 742.10 Td (, GSFS Investments I Corp. \("GSFS"\), an af) Tj ET Q q 0 0 0 rg BT 446.69 742.10 Td (filiate of GS, then GSFS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (may require ) Tj ET Q q 0 0 0 rg BT 100.35 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.11 730.10 Td (inuum Group to redeem its interest in ) Tj ET Q q 0 0 0 rg BT 258.40 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.16 730.10 Td (inuum Group for any deficit of such amount not distributed to GSFS. ) Tj ET Q q 0 0 0 rg BT 542.74 730.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 718.10 Td (, the unrecovered investment balance inclusive of the 15% annual return was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.02 718.10 Td ($18.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.92 718.10 Td (, as shown in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 70.29 706.10 Td (inuum Group Consolidated Financial Statements, which are included in Item 15 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.45 706.10 Td (Exhibits and Financial Statement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.99 694.10 Td ( \("Item 15"\) of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Market uncertainty cr) Tj ET Q q 0 0 0 rg BT 145.34 670.10 Td (eated by the lack of guidance and rulings issued by courts and the IRS r) Tj ET Q q 0 0 0 rg BT 451.31 670.10 Td (elated to Section 45 tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (cr) Tj ET Q q 0 0 0 rg BT 58.70 658.10 Td (edits could inhibit ) Tj ET Q q 0 0 0 rg BT 137.71 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.19 658.10 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 186.52 658.10 Td (oup's ability to lease or) Tj ET Q q 0 0 0 rg BT 284.68 658.10 Td ( sell additional RC facilities or) Tj ET Q q 0 0 0 rg BT 413.66 658.10 Td ( r) Tj ET Q q 0 0 0 rg BT 420.42 658.10 Td (equir) Tj ET Q q 0 0 0 rg BT 443.01 658.10 Td (e a r) Tj ET Q q 0 0 0 rg BT 461.71 658.10 Td (estructuring of, or) Tj ET Q q 0 0 0 rg BT 539.57 658.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (r) Tj ET Q q 0 0 0 rg BT 54.26 646.10 Td (esult in the termination of, existing arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The availability of Section45 tax credits, related to the production and sale of RC, to taxpayers investing in RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (depends upon a number of factors, including the risk assumed by the taxpayer in the RC facility investment transaction. ) Tj ET Q q 0 0 0 rg BT 531.09 610.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (law addressing when a taxpayer may and may not be considered the producer and seller of RC and avail itself of Section 45 tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (credits is not fully developed and is subject to rulings by courts, interpretations by the IRS and other of) Tj ET Q q 0 0 0 rg BT 461.68 586.10 Td (ficial pronouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (on tax credit regulations. If rulings, guidance or other pronouncements of courts or the IRS are not definitive or interpreted as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (allowing the IRS to restrict availability) Tj ET Q q 0 0 0 rg BT 205.15 562.10 Td (, increase the dif) Tj ET Q q 0 0 0 rg BT 271.05 562.10 Td (ficulty) Tj ET Q q 0 0 0 rg BT 296.50 562.10 Td (, or prohibit or limit the ability of taxpayers to be considered to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the producer and seller of RC and take advantage of Section 45 tax credits, several aspects of our current and future RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (business could be adversely impacted. For example, current investors in RC facilities may decide to terminate their existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (agreements, or potential investors may reduce the price they are willing to pay or change the structure of the investment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (account for perceived risks associated with being considered the producer and seller of RC and the availability of the associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Section 45 tax credits. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 478.10 Td (echnical or) Tj ET Q q 0 0 0 rg BT 102.50 478.10 Td ( operational pr) Tj ET Q q 0 0 0 rg BT 166.21 478.10 Td (oblems with long-term operation of our) Tj ET Q q 0 0 0 rg BT 334.07 478.10 Td ( RC facilities could r) Tj ET Q q 0 0 0 rg BT 421.65 478.10 Td (esult in additional costs and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (delays that adversely affect our) Tj ET Q q 0 0 0 rg BT 183.13 466.10 Td ( financial condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Our initial RC facilities were operated using CyClean technology at cyclone boilers. ) Tj ET Q q 0 0 0 rg BT 399.25 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 405.00 442.10 Td (inuum Group began operating RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (facilities using the M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.04 434.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.79 430.10 Td ( technology at circulating fluidized bed \("CFB"\) boilers in 2012 and pulverized coal \("PC"\) boilers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (in 2013. Given the dif) Tj ET Q q 0 0 0 rg BT 137.86 418.10 Td (ferent technology we use at dif) Tj ET Q q 0 0 0 rg BT 261.25 418.10 Td (ferent types of boilers, the likelihood for technical or operational problems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (may be increased. ) Tj ET Q q 0 0 0 rg BT 123.86 406.10 Td (Any such problems could result in decreased production of RC at such facilities and/or delays in, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (postponement or cancellation of, expected potential future installations and operations at electric power generators and would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (likely have a material adverse ef) Tj ET Q q 0 0 0 rg BT 179.47 382.10 Td (fect on our business, financial condition and results of operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 358.10 Td (esent r) Tj ET Q q 0 0 0 rg BT 88.78 358.10 Td (eliance upon one investor) Tj ET Q q 0 0 0 rg BT 196.66 358.10 Td ( for) Tj ET Q q 0 0 0 rg BT 211.75 358.10 Td ( a substantial portion of our) Tj ET Q q 0 0 0 rg BT 330.75 358.10 Td ( earnings fr) Tj ET Q q 0 0 0 rg BT 380.01 358.10 Td (om ) Tj ET Q q 0 0 0 rg BT 395.66 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 402.15 358.10 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 444.48 358.10 Td (oup and any r) Tj ET Q q 0 0 0 rg BT 504.04 358.10 Td (enegotiation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (by or) Tj ET Q q 0 0 0 rg BT 72.32 346.10 Td ( loss of this investor) Tj ET Q q 0 0 0 rg BT 156.03 346.10 Td ( or) Tj ET Q q 0 0 0 rg BT 167.79 346.10 Td ( any failur) Tj ET Q q 0 0 0 rg BT 212.06 346.10 Td (e to continue to pr) Tj ET Q q 0 0 0 rg BT 289.64 346.10 Td (oduce and sell RC at the investor) Tj ET Q q 0 0 0 rg BT 430.38 346.10 Td () Tj ET Q q 0 0 0 rg BT 433.33 346.10 Td (s RC facilities would have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (material adverse effect on our) Tj ET Q q 0 0 0 rg BT 177.55 334.10 Td ( business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (As of December 31, 2016, 10 of ) Tj ET Q q 0 0 0 rg BT 181.18 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.93 310.10 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 243.32 310.10 Td (s 28 RC facilities are leased to entities af) Tj ET Q q 0 0 0 rg BT 406.42 310.10 Td (filiated to GS. Significant components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (of our total cash flows come from ) Tj ET Q q 0 0 0 rg BT 187.84 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.59 298.10 Td (inuum Group's distributions relating to payments received under these leases. ) Tj ET Q q 0 0 0 rg BT 505.42 298.10 Td (These leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (have an initial fixed period and then automatically renew) Tj ET Q q 0 0 0 rg BT 277.60 286.10 Td (, unless terminated at the option of the lessee, for successive one-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (terms through 2019 or 2021. If these GS related entities renegotiated or terminated their leases, or if the utilities where the RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (facilities are installed materially reduce their use of RC, these events would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 458.82 262.10 Td (fect on our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (results of operations or financial condition. Certain GS related entities amended their leases during 2016, with some of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (amended leases including less favorable terms to ) Tj ET Q q 0 0 0 rg BT 247.81 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.57 238.10 Td (inuum Group.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Reduction of coal consumption by U.S. electric power) Tj ET Q q 0 0 0 rg BT 277.86 214.10 Td ( generators could r) Tj ET Q q 0 0 0 rg BT 358.49 214.10 Td (esult in less demand for) Tj ET Q q 0 0 0 rg BT 458.87 214.10 Td ( our) Tj ET Q q 0 0 0 rg BT 476.19 214.10 Td ( pr) Tj ET Q q 0 0 0 rg BT 488.51 214.10 Td (oducts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (services. If utilities significantly r) Tj ET Q q 0 0 0 rg BT 191.19 202.10 Td (educe the number) Tj ET Q q 0 0 0 rg BT 267.67 202.10 Td ( of coal fir) Tj ET Q q 0 0 0 rg BT 311.08 202.10 Td (ed power) Tj ET Q q 0 0 0 rg BT 350.06 202.10 Td ( plants or) Tj ET Q q 0 0 0 rg BT 390.44 202.10 Td ( the amount of coal burned, without a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (corr) Tj ET Q q 0 0 0 rg BT 68.13 190.10 Td (esponding incr) Tj ET Q q 0 0 0 rg BT 131.03 190.10 Td (ease in the services r) Tj ET Q q 0 0 0 rg BT 218.04 190.10 Td (equir) Tj ET Q q 0 0 0 rg BT 240.63 190.10 Td (ed at the r) Tj ET Q q 0 0 0 rg BT 284.05 190.10 Td (emaining plants, this could r) Tj ET Q q 0 0 0 rg BT 405.28 190.10 Td (educe our) Tj ET Q q 0 0 0 rg BT 447.04 190.10 Td ( r) Tj ET Q q 0 0 0 rg BT 453.80 190.10 Td (evenues and materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and adversely affect our) Tj ET Q q 0 0 0 rg BT 152.86 178.10 Td ( business, financial condition, and r) Tj ET Q q 0 0 0 rg BT 303.55 178.10 Td (esults of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (The amount of coal consumed for U.S. electric power generation is af) Tj ET Q q 0 0 0 rg BT 328.89 154.10 Td (fected by) Tj ET Q q 0 0 0 rg BT 365.16 154.10 Td (, among other things, \(1\)the location, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (availability) Tj ET Q q 0 0 0 rg BT 94.34 142.10 Td (, quality and price of alternative ener) Tj ET Q q 0 0 0 rg BT 241.59 142.10 Td (gy sources for power generation, such as natural gas, fuel oil, nuclear) Tj ET Q q 0 0 0 rg BT 518.31 142.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (hydroelectric, wind, biomass and solar power; and \(2\)technological developments, including those related to competing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (alternative ener) Tj ET Q q 0 0 0 rg BT 111.72 118.10 Td (gy sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Natural gas-fueled generation has been displacing and may continue to displace coal-fueled generation, particularly from older) Tj ET Q q 0 0 0 rg BT 556.62 94.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (less ef) Tj ET Q q 0 0 0 rg BT 75.09 82.10 Td (ficient coal-powered generators. ) Tj ET Q q 0 0 0 rg BT 206.51 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.15 82.10 Td (e expect that many of the new power plants needed to meet increasing demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (electricity generation will be fueled by natural gas because the price of natural gas has remained at relatively low levels after a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (period of sharp decline. Gas-fired plants are cheaper to construct, and permits to construct these plants are easier to obtain, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (natural gas is seen as having a lower environmental impact than coal-fueled generators, and ongoing costs associated with ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (meeting environmental compliance are lower) Tj ET Q q 0 0 0 rg BT 230.48 742.10 Td (. Possible advances in technologies and incentives, such as tax credits, to enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the economics of renewable ener) Tj ET Q q 0 0 0 rg BT 181.42 730.10 Td (gy sources could make those sources more competitive with coal. Several lar) Tj ET Q q 0 0 0 rg BT 488.92 730.10 Td (ge U.S.-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (banks have publicly indicated they will no longer finance new coal-fired power plants in the U.S., and at least five lar) Tj ET Q q 0 0 0 rg BT 519.95 718.10 Td (ge coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (companies have filed bankruptcy in recent years. ) Tj ET Q q 0 0 0 rg BT 247.70 706.10 Td (Any reduction in the amount of coal consumed by domestic electric power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (generators could reduce the demand for our current products and services, thereby reducing our revenues and materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 682.10 Td (fecting our business and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 658.10 Td (, long-term changes in environmental regulation that threaten or preclude the use of coal or other fossil fuels as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (primary fuel source for electricity production, and result in the reduction or closure of a significant number of coal-fired power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (plants, may adversely af) Tj ET Q q 0 0 0 rg BT 147.01 634.10 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Changes in taxation rules or) Tj ET Q q 0 0 0 rg BT 170.38 610.10 Td ( financial accounting standards could adversely affect our) Tj ET Q q 0 0 0 rg BT 416.59 610.10 Td ( r) Tj ET Q q 0 0 0 rg BT 423.34 610.10 Td (esults of operations or) Tj ET Q q 0 0 0 rg BT 517.32 610.10 Td ( financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Changes in taxation rules and accounting pronouncements \(and changes in interpretations of accounting pronouncements\) have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (occurred and may occur in the future. ) Tj ET Q q 0 0 0 rg BT 202.16 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 208.83 562.10 Td ( change in existing taxation rules, particularly those related to Section 45 tax credits or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the ability of taxpayers to benefit from tax credits or net operating loss carryforwards, could have an adverse ef) Tj ET Q q 0 0 0 rg BT 494.38 550.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (reported or future results of operations or financial condition and could also impact our businesses that produce and sell RC and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (generate Section 45 tax credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 502.10 Td (, changes in future tax rates may occur in the future. ) Tj ET Q q 0 0 0 rg BT 310.10 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 316.77 502.10 Td ( change to existing tax rates could negatively impact tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (capacity of current or potential tax equity investors. ) Tj ET Q q 0 0 0 rg BT 258.54 490.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 308.45 490.10 Td (, a change to existing tax rates may cause a change related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (our current estimate of the amount of deferred tax assets that we may be able to utilize in future periods. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 454.10 Td ( dependence on third parties for) Tj ET Q q 0 0 0 rg BT 204.36 454.10 Td ( manufacturing key components of our) Tj ET Q q 0 0 0 rg BT 370.01 454.10 Td ( systems may cause delays in deliveries, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (incr) Tj ET Q q 0 0 0 rg BT 67.04 442.10 Td (eased warranty claims and incr) Tj ET Q q 0 0 0 rg BT 200.73 442.10 Td (eased costs to us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Between 2012 and 2015, we owned and controlled a manufacturing and assembly facility for our DSI systems. ) Tj ET Q q 0 0 0 rg BT 495.17 418.10 Td (At the end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (2015, manufacturing and assembly operations at that facility were shut down. Like most of our competitors, we currently rely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (heavily upon third parties for the manufacture, assembly and some of the testing of key components for both our ) Tj ET Q q 0 0 0 rg BT 502.11 394.10 Td (ACI and DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (systems. Delays or dif) Tj ET Q q 0 0 0 rg BT 138.70 382.10 Td (ficulties in the manufacturing, assembly) Tj ET Q q 0 0 0 rg BT 298.28 382.10 Td (, or delivery of key components of our ) Tj ET Q q 0 0 0 rg BT 454.08 382.10 Td (ACI and DSI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (could harm our business and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (There are limited sources of acceptable supply for some key ) Tj ET Q q 0 0 0 rg BT 292.69 346.10 Td (ACI and DSI system components. Business disruptions, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 334.10 Td (ficulties of suppliers or raw material shortages could increase the costs of our equipment systems sold or reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (availability of these components. If we are unable to obtain a suf) Tj ET Q q 0 0 0 rg BT 308.62 322.10 Td (ficient supply of required components that meet customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (specifications in a timely manner) Tj ET Q q 0 0 0 rg BT 182.33 310.10 Td (, we could experience significant delays in delivery or increased warranty claims, associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (with delivery and product performance. Disruptions of these types could result in the loss of orders or customers or liability for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (liquidated damages, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 292.51 286.10 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (If the quality and effectiveness of our) Tj ET Q q 0 0 0 rg BT 208.14 262.10 Td ( technologies, pr) Tj ET Q q 0 0 0 rg BT 277.68 262.10 Td (oducts and services do not meet our) Tj ET Q q 0 0 0 rg BT 429.71 262.10 Td ( customers) Tj ET Q q 0 0 0 rg BT 478.12 262.10 Td ( expectations, then ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (our) Tj ET Q q 0 0 0 rg BT 64.82 250.10 Td ( sales, r) Tj ET Q q 0 0 0 rg BT 96.58 250.10 Td (esults of operations and ultimately our) Tj ET Q q 0 0 0 rg BT 260.57 250.10 Td ( r) Tj ET Q q 0 0 0 rg BT 267.32 250.10 Td (eputation could be negatively impacted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (If flaws in the design, production, assembly) Tj ET Q q 0 0 0 rg BT 224.32 226.10 Td (, delivery) Tj ET Q q 0 0 0 rg BT 261.43 226.10 Td (, installation, performance or providing of our technologies, products or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (services \(caused by us or our suppliers\) were to occur) Tj ET Q q 0 0 0 rg BT 264.25 214.10 Td (, we could experience substantial liquidated damages, repair) Tj ET Q q 0 0 0 rg BT 504.59 214.10 Td (, replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (or service costs and potential damage to our reputation. ) Tj ET Q q 0 0 0 rg BT 273.64 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.28 202.10 Td (e have provided warranties and performance guarantees for certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (ACI and DSI systems we have sold. Under those contractual arrangements, we are responsible for repair or replacement costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and certain operating costs, within the limits provided by the contracts, if the agreed specifications are not met. Continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (improvement in manufacturing capability assessment and quality control, technological development, supply-chain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (management, product testing, installation, delivery and other costs are critical factors in our future growth and meeting our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (customers) Tj ET Q q 0 0 0 rg BT 93.13 142.10 Td ( expectations. Our ef) Tj ET Q q 0 0 0 rg BT 176.25 142.10 Td (forts to monitor) Tj ET Q q 0 0 0 rg BT 238.63 142.10 Td (, develop, modify and implement appropriate technologies, designs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (processes for the manufacture, production, installation and testing of our products may not be suf) Tj ET Q q 0 0 0 rg BT 438.61 130.10 Td (ficient to avoid failures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (meet performance criteria that may result in dissatisfied customers, significant repair or replacement costs or potential damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (to our reputation, any of which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 305.27 106.10 Td (fect on our business, results of operations or financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (condition.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.25 Td (e oversee our joint ventures under the terms of their operating agreements by participating in the following activities: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (\(1\)representation on the respective governing boards of directors, \(2\)regular oversight of financial and operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (performance and controls and establishing audit and reporting requirements, \(3\)hiring of management personnel, \(4\)technical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (support of RC facilities, and \(5\)other regular and routine involvement with our joint venture partners. Notwithstanding this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (regular participation and oversight,our joint venture partners also participate in the management of these businesses and they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (may have business or economic interests that divert their attention from the joint venture, or they may prefer to operate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (business, make decisions or invest resources in a manner that is contrary to our preferences. Since material business decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (must be made jointly with our joint venture partners, we cannot mandate decisions or ensure outcomes.) 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Such means of protecting our proprietary rights may not be adequate because they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (provide only limited protection. ) Tj ET Q q 0 0 0 rg BT 179.52 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 188.15 538.25 Td (e also enter into confidentiality and non-disclosure agreements with our employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (consultants, many of our customers and many of our vendors, and generally control access to and distribution of our proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (information. Notwithstanding these measures, a third party could copy or otherwise obtain and use our proprietary information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (without authorization. ) Tj ET Q q 0 0 0 rg BT 140.63 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.27 502.25 Td (e cannot assure you that the steps taken by us will prevent misappropriation of our technology and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (intellectual property) Tj ET Q q 0 0 0 rg BT 130.15 490.25 Td (, which could result in injury to our business and financial condition. In addition, such actions by third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (parties would divert the attention of our management from the operation of our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 454.25 Td (emaybesubjecttointellectual pr) Tj ET Q q 0 0 0 rg BT 203.13 454.25 Td (operty infringementclaimsfr) Tj ET Q q 0 0 0 rg BT 328.75 454.25 Td (om third parties thatar) Tj ET Q q 0 0 0 rg BT 429.67 454.25 Td (ecostlytodefendandthat ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (maylimitour) Tj ET Q q 0 0 0 rg BT 108.14 442.25 Td (abilitytousethe disputed technologies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Companies in the business of developing technology face the risk of being subject to intellectual property infringement claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (that are costly to defend. ) Tj ET Q q 0 0 0 rg BT 150.52 406.25 Td (As a company involved in developing and commercializing new technologies, we may be subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (intellectual property infringement claims from third parties, the defense of which would likely be costly in terms of monetary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (expenses and management demands.If our technologies infringe theintellectual property rights of others, we may be prevented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (fromcontinuing sales of existing products or services and from pursuing research, development or commercialization ofnew or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (complimentary products orservices.Further) Tj ET Q q 0 0 0 rg BT 227.05 358.25 Td (, we may be required to obtain licenses tothird party intellectual property) Tj ET Q q 0 0 0 rg BT 520.47 358.25 Td (, orbe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (forced to develop or obtain alternative technologies.Our failure to obtaina license to a technology that we may require, or to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (develop or obtain alternative technologies, could significantly and negatively af) Tj ET Q q 0 0 0 rg BT 368.60 334.25 Td (fect our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 66.48 310.25 Td (eements to indemnify third party licensees of our) Tj ET Q q 0 0 0 rg BT 274.88 310.25 Td ( technologies against intellectual pr) Tj ET Q q 0 0 0 rg BT 424.69 310.25 Td (operty infringement claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (concerning our) Tj ET Q q 0 0 0 rg BT 114.54 298.25 Td ( licensed technology and our) Tj ET Q q 0 0 0 rg BT 235.47 298.25 Td ( pr) Tj ET Q q 0 0 0 rg BT 247.79 298.25 Td (oducts could be significant to us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 274.25 Td (e have agreed to indemnify licensees of our technologies \(including ) Tj ET Q q 0 0 0 rg BT 331.70 274.25 Td (T) Tj ET Q q 0 0 0 rg BT 337.46 274.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 409.95 274.25 Td (Arch Coal, Inc.\) and purchasers of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (our products and we may enter into additional agreements with others under which we agree to indemnify and hold the third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (party harmless from and against losses it may incur as a result of the infringement of third party rights caused by the use of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (technologies and products. Infringement claims, which are expensive and time-consuming to defend, could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.63 226.25 Td (fect on our business, operating results and financial condition, even if we are successful in defending ourselves \(and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (indemnified parties\) against them.) 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Historically) Tj ET Q q 0 0 0 rg BT 462.01 118.25 Td (, our approach to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (technology development, implementation and commercialization of products has focused on quickly taking technology to full-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (scale testing and enhancing it under actual power plant operating conditions. ) Tj ET Q q 0 0 0 rg BT 358.61 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.25 94.25 Td (e continue to review and adjust methods to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (deploy products, services and technologies to our customers. ) Tj ET Q q 0 0 0 rg BT 295.32 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 303.96 82.25 Td (e may focus our resources on technologies, services or products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (that are not widely accepted or commercially viable, or on operational processes that are not profitable, even after significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (up-front investment of our resources, such as occurred with the shut-down of ) Tj ET Q q 0 0 0 rg BT 360.20 58.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 381.31 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.26 58.25 Td (Analytics, LLC, ) Tj ET Q q 0 0 0 rg BT 449.92 58.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 471.04 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 472.98 58.25 Td (Analytics Israel Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 99.33 46.25 Td (, "ADA) Tj ET Q q 0 0 0 rg BT 129.52 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.47 46.25 Td (Analytics"\) and BCSI, LLC. Our results are subject to risks related to our investments in new technologies, ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (but if we are unable to develop and scale up new technologies, products, and services to meet the needs of our customers, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (financial results would be adversely af) Tj ET Q q 0 0 0 rg BT 203.93 730.10 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The effects of pr) Tj ET Q q 0 0 0 rg BT 119.52 706.10 Td (oviding warranties and performance guarantees for) Tj ET Q q 0 0 0 rg BT 340.14 706.10 Td ( our) Tj ET Q q 0 0 0 rg BT 357.46 706.10 Td ( equipment and chemical sales or) Tj ET Q q 0 0 0 rg BT 498.67 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.99 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 507.48 706.10 Td (inuum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.04 694.10 Td (oup pr) Tj ET Q q 0 0 0 rg BT 90.48 694.10 Td (oviding payment and performance guarantees of its RC facilities ar) Tj ET Q q 0 0 0 rg BT 377.21 694.10 Td (e largely unknown and could adversely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (affect our) Tj ET Q q 0 0 0 rg BT 91.19 682.10 Td ( financial condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Providing warranties on equipment and chemicals that generally do not extend beyond 12 months from the installation date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (delivery date, respectively) Tj ET Q q 0 0 0 rg BT 154.58 646.10 Td (, have been and will likely continue to be an integral part of successful sales of our products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (services. Providing certain performance guarantees during a discrete performance testing period that generally do not extend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (beyond six months from the initial test date have been and will likely continue to be an integral part of successful sales of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (products and services. Guarantees with respect to our ) Tj ET Q q 0 0 0 rg BT 265.21 610.10 Td (ACI and DSI systems typically require the equipment to meet stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (injection rates of a specified or approved absorbent or alkali material. In some cases, guarantees might require that emissions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (certain pollutants \(such as mercury\) be reduced by a specified amount if certain operating parameters of the generating facility) Tj ET Q q 0 0 0 rg BT 555.25 586.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (including the nature of the coal burned, are met. Such guarantees sometimes require us to spend amounts up to the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (sales contract to make right the performance of the ) Tj ET Q q 0 0 0 rg BT 264.07 562.10 Td (ACI or DSI system, or subject us to liquidated damages if the guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (level of performance is not achieved. In 2014, 2015 and 2016 under certain contracts, we provided customers with more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (stringent performance guarantees and higher cost related remedies. ) Tj ET Q q 0 0 0 rg BT 319.61 538.10 Td (Although we believe compliance with these more stringent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (guarantees is probable, these stronger guarantees and customer remedies place us at greater risk and may also require us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (delay revenue recognition on such contracts. In addition to performance guarantees on ) Tj ET Q q 0 0 0 rg BT 397.37 514.10 Td (ACI and DSI systems we sell, ) Tj ET Q q 0 0 0 rg BT 519.68 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.44 514.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Group indemnifies certain utilities and lessees of RC facilities for particular risks associated with the operations of those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 89.25 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.89 490.10 Td (e have provided limited, joint and several guarantees of ) Tj ET Q q 0 0 0 rg BT 322.07 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.83 490.10 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 384.21 490.10 Td (s obligations under those leases. ) Tj ET Q q 0 0 0 rg BT 514.75 490.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (substantial payments made under such guarantees could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 380.52 478.10 Td (fect on our financial condition, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (operations and cash flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Material adjustments pursuant to DOE audits of our) Tj ET Q q 0 0 0 rg BT 275.11 442.10 Td ( past performance could have a detrimental impact on our) Tj ET Q q 0 0 0 rg BT 523.51 442.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Certain of our completed and current contracts awarded by the DOE and related industry participants remain subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (government audits. Our historical experience with these audits has not resulted in significant adverse adjustments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (reimbursement amounts previously received; however audits for the years 2010 and later have not been finalized. If the results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (of future audits require us to repay material amounts, our results of operations and business would likely suf) Tj ET Q q 0 0 0 rg BT 482.50 370.10 Td (fer material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (impacts. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Information technology vulnerabilities and cyberattacks on our) Tj ET Q q 0 0 0 rg BT 320.38 334.10 Td ( networks could have a material adverse impact on our) Tj ET Q q 0 0 0 rg BT 554.34 334.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 298.10 Td (e rely upon information technology \("IT"\) to manage and conduct business, both internally and with our customers, suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and other third parties. Internet transactions involve the transmission and storage of data including, in certain instances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (customer and supplier business information. ) Tj ET Q q 0 0 0 rg BT 229.23 274.10 Td (Therefore, maintaining the security of computers and other electronic devices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (computer networks and data storage resources is a critical issue for us and our customers and suppliers because security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (breaches could result in reduced or lost ability to carry on our business and loss of and/or unauthorized access to confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 102.03 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.67 238.10 Td (e have limited personnel and other resources to address information technology reliability and security of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (computer networks and to respond to known security incidents to minimize potential adverse impact. Experienced hackers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (cybercriminals and perpetrators of threats may be able to penetrate our network security and misappropriate or compromise our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (confidential information or that of third parties, create system disruptions or cause shutdowns. ) Tj ET Q q 0 0 0 rg BT 428.90 202.10 Td (These perpetrators of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (cyberattacks also may be able to develop and deploy viruses, worms, malware and other malicious software programs that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (attack our information and networks or otherwise exploit any security vulnerabilities of our information and networks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 166.10 Td (echniques used to obtain unauthorized access to or sabotage systems change frequently and often are not recognized until long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (after being launched against a tar) Tj ET Q q 0 0 0 rg BT 182.26 154.10 Td (get, and we may be unable to anticipate these techniques or to implement adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (preventative measures. ) Tj ET Q q 0 0 0 rg BT 143.57 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 150.24 142.10 Td ( breach of our IT) Tj ET Q q 0 0 0 rg BT 217.81 142.10 Td ( systems and security measures as a result of third-party action, malware, employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (error) Tj ET Q q 0 0 0 rg BT 69.03 130.10 Td (, malfeasance or otherwise could materially adversely impact our business and results of operations and expose us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (customer) Tj ET Q q 0 0 0 rg BT 86.25 118.10 Td (, supplier and other third party liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 94.10 Td (e have made and may make futur) Tj ET Q q 0 0 0 rg BT 202.04 94.10 Td (e acquisitions or) Tj ET Q q 0 0 0 rg BT 271.31 94.10 Td ( form partnerships and joint ventur) Tj ET Q q 0 0 0 rg BT 423.63 94.10 Td (es that may involve numer) Tj ET Q q 0 0 0 rg BT 536.22 94.10 Td (ous ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (risks that could impact our) Tj ET Q q 0 0 0 rg BT 165.38 82.10 Td ( financial condition, r) Tj ET Q q 0 0 0 rg BT 256.88 82.10 Td (esults of operations and cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Our strategy may include expanding our scope of products and services or) Tj ET Q q 0 0 0 rg BT 346.67 58.10 Td (ganically or through selective acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (investments or creating partnerships and joint ventures. ) Tj ET Q q 0 0 0 rg BT 273.65 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.29 46.10 Td (e have acquired, and may selectively acquire, other businesses, ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (product or service lines, assets or technologies that are complementary to our business. ) Tj ET Q q 0 0 0 rg BT 400.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 408.64 742.10 Td (e may be unable to find or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consummate future acquisitions at acceptable prices and terms, or we may be unable to integrate existing or future acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 718.10 Td (fectively and ef) Tj ET Q q 0 0 0 rg BT 119.59 718.10 Td (ficiently and may need to divest those acquisitions as we did with our acquired operations in ) Tj ET Q q 0 0 0 rg BT 491.18 718.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 512.29 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.24 718.10 Td (Analytics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and BCSI, LLC. ) Tj ET Q q 0 0 0 rg BT 117.88 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 126.51 706.10 Td (e continually evaluate potential acquisition opportunities in the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 495.04 706.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (involve numerous risks, including among others:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (integration dif) Tj ET Q q 0 0 0 rg BT 142.75 682.10 Td (ficulties, including challenges and costs associated with implementing systems and processes to comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (with requirements of being part of a publicly-traded company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (diverting management) Tj ET Q q 0 0 0 rg BT 178.47 658.10 Td (s attention from normal daily operations of the business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (entering markets in which we have no or limited direct prior experience and where competitors in such markets have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (stronger market positions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (unanticipated costs and exposure to undisclosed or unforeseen liabilities or operating challenges;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (potential loss of key employees and customers of the acquired businesses, product or service lines, assets or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (technologies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (our ability to properly establish and maintain ef) Tj ET Q q 0 0 0 rg BT 276.05 586.10 Td (fective internal controls over an acquired company; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (increasing demands on our operational and IT) Tj ET Q q 0 0 0 rg BT 269.65 574.10 Td ( systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Although we have conducted what we believe to be a prudent level of investigation regarding the operating and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (condition of acquisitions we have made, an unavoidable level of risk remains regarding their actual operating results and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (financial condition. Until we assume operating control of these acquisitions, we may not be able to ascertain their actual value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (costs or exposures to liabilities. ) Tj ET Q q 0 0 0 rg BT 178.13 514.10 Td (This is particularly true with respect to acquisitions outside the U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (In addition, acquisitions of businesses may require additional debt or equity financing, resulting in additional leverage or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (dilution of ownership. Our loan agreements contain certain covenants that limit, or that may have the ef) Tj ET Q q 0 0 0 rg BT 464.14 478.10 Td (fect of limiting, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (other things acquisitions, capital expenditures, the sale of assets and the incurrence of additional indebtedness.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Customers may cancel or) Tj ET Q q 0 0 0 rg BT 157.85 442.10 Td ( delay pr) Tj ET Q q 0 0 0 rg BT 195.44 442.10 Td (ojects and our) Tj ET Q q 0 0 0 rg BT 255.82 442.10 Td ( backlog may not be indicative of our) Tj ET Q q 0 0 0 rg BT 413.69 442.10 Td ( futur) Tj ET Q q 0 0 0 rg BT 438.23 442.10 Td (e r) Tj ET Q q 0 0 0 rg BT 449.43 442.10 Td (evenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.26 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Customers may cancel or delay projects for reasons beyond our control. Our equipment and chemical orders normally contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (cancellation provisions that permit us to recover our costs incurred through termination. If a customer cancels an order) Tj ET Q q 0 0 0 rg BT 523.89 406.10 Td (, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (to recognize our costs and revenues immediately) Tj ET Q q 0 0 0 rg BT 244.28 394.10 Td (, and may not achieve the full amount of our backlog. If projects are delayed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the timing to recognize our revenues, particularly when using the completed contract method of accounting, will be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (impacted and projects may remain in our backlog for extended periods of time. Revenue recognition may occur over extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (periods of time and is subject to unanticipated delays and quarterly fluctuations, which may also impact quarterly backlog. ) Tj ET Q q 0 0 0 rg BT 542.08 358.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (result, our backlog may not be indicative of our future revenues. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 322.10 Td (e may be unable to r) Tj ET Q q 0 0 0 rg BT 146.21 322.10 Td (enew our) Tj ET Q q 0 0 0 rg BT 185.19 322.10 Td ( bank line of cr) Tj ET Q q 0 0 0 rg BT 249.45 322.10 Td (edit agr) Tj ET Q q 0 0 0 rg BT 282.32 322.10 Td (eement upon maturity) Tj ET Q q 0 0 0 rg BT 376.76 322.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Our bank line of credit \("Line of Credit"\) agreement matures on September 30, 2017 and it is primarily used to support current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and future letters of credit that are not supported by cash collateral. If we are unable to extend the Line of Credit, we may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (to utilize existing cash resources to support letters of credit.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Inability to pr) Tj ET Q q 0 0 0 rg BT 109.83 250.10 Td (epar) Tj ET Q q 0 0 0 rg BT 129.09 250.10 Td (e and timely file periodic r) Tj ET Q q 0 0 0 rg BT 241.38 250.10 Td (eports under) Tj ET Q q 0 0 0 rg BT 295.92 250.10 Td ( the Exchange ) Tj ET Q q 0 0 0 rg BT 357.87 250.10 Td (Act limits our) Tj ET Q q 0 0 0 rg BT 416.57 250.10 Td ( access to the public markets to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (raise debt or) Tj ET Q q 0 0 0 rg BT 103.70 238.10 Td ( equity capital and could r) Tj ET Q q 0 0 0 rg BT 215.47 238.10 Td (esult in incr) Tj ET Q q 0 0 0 rg BT 265.85 238.10 Td (eased transaction costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 214.10 Td (e are required to comply with Section 13 of the Exchange ) Tj ET Q q 0 0 0 rg BT 291.06 214.10 Td (Act. For the period beginning December 31, 2013 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (September 30, 2015, we did not file current ) Tj ET Q q 0 0 0 rg BT 226.07 202.10 Td (Annual Reports on Form 10-K or Quarterly Reports on Form10-Q. Because we did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (not remain current in our reporting requirements under the Exchange ) Tj ET Q q 0 0 0 rg BT 327.68 190.10 Td (Act, we have been, and continue to be, limited in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (ability to access the public markets to raise debt or equity capital. Our limited ability to access the public markets could prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (us from implementing business strategies that we may otherwise believe are beneficial to our business. Until one year after the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 71.10 154.10 Td (April 19, 2016, we maintain compliance with the filing requirements of the Exchange ) Tj ET Q q 0 0 0 rg BT 415.73 154.10 Td (Act, we will be ineligible to use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (shorter and less costly filings, such as Form S-3 under the Securities ) Tj ET Q q 0 0 0 rg BT 325.52 142.10 Td (Act, to register our securities for sale. ) Tj ET Q q 0 0 0 rg BT 478.15 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.10 142.10 Td (e may use Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (S-1 under the Securities ) Tj ET Q q 0 0 0 rg BT 147.76 130.10 Td (Act to register a sale of our stock to raise capital, but doing so would likely increase transaction costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (and adversely af) Tj ET Q q 0 0 0 rg BT 115.34 118.10 Td (fect our ability to raise capital in a timely manner) Tj ET Q q 0 0 0 rg BT 312.22 118.10 Td (. ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 201.0205078125 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Risks r) Tj ET Q q 0 0 0 rg BT 80.10 742.25 Td (elating to our) Tj ET Q q 0 0 0 rg BT 137.14 742.25 Td ( common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 718.25 Td ( stock price may continue to be volatile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The market price of our common stock fluctuates significantly) Tj ET Q q 0 0 0 rg BT 299.27 700.25 Td (. ) Tj ET Q q 0 0 0 rg BT 304.09 700.25 Td (The market price of our common stock may continue to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 688.25 Td (fected by numerous factors, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 658.25 Td (actual or anticipated fluctuations in our operating results and financial condition; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 646.25 Td (changes in laws or regulations and court rulings and trends in our industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 104.76 634.25 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 161.14 634.25 Td (s ability to lease or sell RC facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 622.25 Td (announcements of sales awards; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 610.25 Td (changes in supply and demand of components and materials; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 598.25 Td (adoption of new tax regulations or accounting standards af) Tj ET Q q 0 0 0 rg BT 333.19 598.25 Td (fecting our industry; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 586.25 Td (changes in financial estimates by securities analysts; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 574.25 Td (perceptions of the value of corporate transactions; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 562.25 Td (the degree of trading liquidity in our common stock and general market conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (From December 31, 2013 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.53 538.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.12 538.25 Td (, the closing price of our common stock ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.11 538.25 Td ($3.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.61 538.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.39 538.25 Td ($27.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.89 538.25 Td (per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (\(retroactively restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 222.77 526.25 Td (-one stock split of our common stock, which was ef) Tj ET Q q 0 0 0 rg BT 429.21 526.25 Td (fected in the form of a common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (stock dividend distributed on March 14, 2014\). Significant declines in the price of our common stock could impede our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (to obtain additional capital and attract and retain qualified employees, and could reduce the liquidity of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (In addition, the stock market has from time to time experienced significant price and volume fluctuations that have particularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 466.25 Td (fected the market prices for the common stock of similarly staged companies. ) Tj ET Q q 0 0 0 rg BT 370.36 466.25 Td (These broad market fluctuations may adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 454.25 Td (fect the market price of our common stock. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 430.25 Td ( certificate of incorporation and bylaws contain pr) Tj ET Q q 0 0 0 rg BT 282.12 430.25 Td (ovisions that may delay or) Tj ET Q q 0 0 0 rg BT 393.61 430.25 Td ( pr) Tj ET Q q 0 0 0 rg BT 405.93 430.25 Td (event an otherwise beneficial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (takeover) Tj ET Q q 0 0 0 rg BT 87.03 418.25 Td ( attempt of us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Certain provisions of our certificate of incorporation and bylaws could make it more dif) Tj ET Q q 0 0 0 rg BT 401.10 394.25 Td (ficult for a third party to acquire us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (even if doing so would be beneficial to our stockholders. ) Tj ET Q q 0 0 0 rg BT 279.49 382.25 Td (These include provisions that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 358.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 358.25 Td (limit the business at special meetings to the purpose stated in the notice of the meeting; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 346.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 346.25 Td (authorize the issuance of blank check preferred stock, which is preferred stock with voting or other rights or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 334.25 Td (preferences that could impede a takeover attempt and that our Board of Directors \(the "Board"\) can create and issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 322.25 Td (without prior stockholder approval; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 310.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 310.25 Td (establish advance notice requirements for submitting nominations for election to the Board and for proposing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 298.25 Td (matters that can be acted upon by stockholders at a meeting; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 286.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 286.25 Td (require the af) Tj ET Q q 0 0 0 rg BT 152.12 286.25 Td (firmative vote of the "disinterested" holders of a majority of our common stock to approve certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 274.25 Td (business combinations involving an "interested stockholder" or its af) Tj ET Q q 0 0 0 rg BT 373.60 274.25 Td (filiates, unless either minimum price criteria or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 262.25 Td (procedural requirements are met, or the transaction is approved by a majority of our "continuing directors" \(known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 250.25 Td (as "fair price provisions"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (These provisions, alone or in combination with each other) Tj ET Q q 0 0 0 rg BT 282.04 226.25 Td (, may discourage transactions involving actual or potential changes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (control, including transactions that otherwise could involve payment of a premium over prevailing market prices to holders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (our common stock, or could limit the ability of our stockholders to approve transactions that they may deem to be in their best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (interest.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (Item1B. Unr) Tj ET Q q 0 0 0 rg BT 106.20 164.25 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (Item2. Pr) Tj ET Q q 0 0 0 rg BT 92.86 121.25 Td (operties) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 97.25 Td (fice and ) Tj ET Q q 0 0 0 rg BT 95.74 97.25 Td (W) Tj ET Q q 0 0 0 rg BT 103.89 97.25 Td (arehouse Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 76.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 76.25 Td (, we leased of) Tj ET Q q 0 0 0 rg BT 207.82 76.25 Td (fice, warehouse and laboratory space in Highlands Ranch, Colorado for a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 64.25 Td (52,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.76 64.25 Td ( square feet under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.61 64.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.60 64.25 Td ( leases. Original lease terms ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 64.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.31 64.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.08 64.25 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.85 64.25 Td ( years. Certain of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (leases have options permitting renewals for additional periods. ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.63 742.10 Td (37,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.13 742.10 Td ( square feet of of) Tj ET Q q 0 0 0 rg BT 256.69 742.10 Td (fice space in Highlands Ranch, Colorado was entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.34 742.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.34 742.10 Td ( with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (initial term ending in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.65 730.10 Td (February 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.25 730.10 Td (. In December 2016, we terminated the lease ef) Tj ET Q q 0 0 0 rg BT 383.87 730.10 Td (fective February 2017 and paid a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (termination fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.14 718.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.03 718.10 Td (. In December 2016, the Company entered into a new of) Tj ET Q q 0 0 0 rg BT 397.77 718.10 Td (fice lease for approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.16 718.10 Td (8,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.66 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (square feet of of) Tj ET Q q 0 0 0 rg BT 115.06 706.10 Td (fice space in Highlands Ranch, Colorado. ) Tj ET Q q 0 0 0 rg BT 283.73 706.10 Td (This lease is ef) Tj ET Q q 0 0 0 rg BT 343.25 706.10 Td (fective February 2017 and runs through May 2020. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (Our lease of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.63 685.10 Td (7,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.13 685.10 Td ( square feet of warehouse space in Highlands Ranch, Colorado was entered into in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.97 685.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.97 685.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.66 673.10 Td (February 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 673.10 Td ( with the option to renew for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.17 673.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.17 673.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.16 673.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.71 673.10 Td (-year periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 649.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.88 649.10 Td ( to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.49 649.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.49 649.10 Td ( Consolidated Financial Statements included in Item 8 of this Report for information with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (our lease commitments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 637.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.50 637.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Item3. Legal Pr) Tj ET Q q 0 0 0 rg BT 119.24 613.10 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Securities class action lawsuit: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.66 589.10 Td (United Food and Commercial ) Tj ET Q q 0 0 0 rg BT 307.04 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 315.19 589.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 376.49 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.12 589.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.21 589.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 155.35 577.10 Td ( \(U.S. District Court, D. Colo.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 553.10 Td ( class action lawsuit against ) Tj ET Q q 0 0 0 rg BT 169.70 553.10 Td (ADES and certain of its current and former of) Tj ET Q q 0 0 0 rg BT 353.34 553.10 Td (ficers was filed in May 2014 in the federal court in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (Denver) Tj ET Q q 0 0 0 rg BT 79.03 541.10 Td (, Colorado alleging that ) Tj ET Q q 0 0 0 rg BT 175.40 541.10 Td (ADES and other defendants misrepresented to the investing public the Company) Tj ET Q q 0 0 0 rg BT 500.88 541.10 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (condition and its financial controls to artificially inflate and maintain the market price of ) Tj ET Q q 0 0 0 rg BT 406.00 529.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 434.89 529.10 Td (s common stock. In May 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (the parties reached an agreement in principle to settle this litigation, and on June30, 2016, the parties entered into a Stipulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 505.10 Td (Agreement of Settlement to resolve the action in its entirety) Tj ET Q q 0 0 0 rg BT 304.83 505.10 Td (. On February10, 2017, we received an order and final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (judgment that the lawsuit was settled, and the entire case has been dismissed with prejudice.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (The settlement agreement for this case contains no admission of liability) Tj ET Q q 0 0 0 rg BT 339.27 469.10 Td (, and all of the defendants in this litigation have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (expressly denied, and continue to deny) Tj ET Q q 0 0 0 rg BT 204.86 457.10 Td (, all allegations of wrongdoing or improper conduct. ) Tj ET Q q 0 0 0 rg BT 416.30 457.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 476.01 457.10 Td (s insurance carriers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (funded the full settlement in November 2016. However) Tj ET Q q 0 0 0 rg BT 271.21 445.10 Td (, until an order and final judgment of the lawsuit having been settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (was received, the funded settlement did not relieve the Company's recorded liability) Tj ET Q q 0 0 0 rg BT 385.49 433.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Stockholder) Tj ET Q q 0 0 0 rg BT 101.49 409.10 Td ( derivative lawsuits: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 189.54 409.10 Td (In Re ) Tj ET Q q 0 0 0 rg BT 214.73 409.10 Td (Advanced Emissions Solutions, Inc. Shareholder Derivative Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.20 409.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (2014CV) Tj ET Q q 0 0 0 rg BT 83.70 397.10 Td (-30709 \(District Court, Douglas County) Tj ET Q q 0 0 0 rg BT 251.20 397.10 Td (, Colorado\) \(consolidated actions\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (In June and July 2014, stockholder derivative actions were filed in the Douglas County District Court and in the Colorado ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (District Court for the City and County of Denver against certain of the Company) Tj ET Q q 0 0 0 rg BT 375.76 361.10 Td (s current and former of) Tj ET Q q 0 0 0 rg BT 467.76 361.10 Td (ficers and directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (along with the Company as a "nominal defendant." In May 2016, the parties reached an agreement in principle to settle this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (stockholder derivative action, and on September30, 2016, the parties entered into a Stipulation and ) Tj ET Q q 0 0 0 rg BT 449.34 337.10 Td (Agreement of Settlement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (resolve the action in its entirety) Tj ET Q q 0 0 0 rg BT 175.15 325.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.47 325.10 Td (The Stockholder Derivative Settlement was approved and the case was closed on January4, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (The settlement agreement for this case contained no admission of liability) Tj ET Q q 0 0 0 rg BT 344.82 289.10 Td (, and all of the defendants in this stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (derivative action have expressly denied, and continue to deny) Tj ET Q q 0 0 0 rg BT 295.65 277.10 Td (, all allegations of wrongdoing or improper conduct. ) Tj ET Q q 0 0 0 rg BT 509.59 277.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 265.10 Td (s insurance carriers funded the full settlement in January 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (SEC Inquiry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 217.10 Td (April7, 2014, the SEC Staf) Tj ET Q q 0 0 0 rg BT 174.26 217.10 Td (f informed the Company that it had initiated the SEC Inquiry to determine if violations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (federal securities laws had occurred, and in September 2014 the SEC issued a formal order of investigation. ) Tj ET Q q 0 0 0 rg BT 485.80 205.10 Td (The SEC Inquiry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (generally pertains to the restatement of the Company) Tj ET Q q 0 0 0 rg BT 264.65 193.10 Td (s financial statements and internal controls processes, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (Note 2 to the Consolidated Financial Statements of the Company included in the ) Tj ET Q q 0 0 0 rg BT 374.11 181.10 Td (Annual Report on Form 10-K for the fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 169.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 169.10 Td (.) Tj ET Q q 0 0 0 rg BT 179.49 169.10 Td (The Company cooperated with the SEC by providing information and documents to the SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (on an ongoing basis.In July 2016, the SEC Staf) Tj ET Q q 0 0 0 rg BT 241.20 157.10 Td (f communicated to the Company that it would recommend to the SEC that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (authorize a settlement with the Company on terms that include payment of a civil monetary penalty of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.27 145.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.16 145.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.48 145.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (penalty will not be funded by the Company) Tj ET Q q 0 0 0 rg BT 226.36 133.10 Td (s insurance carriers. ) Tj ET Q q 0 0 0 rg BT 308.36 133.10 Td (The SEC must approve the SEC Staf) Tj ET Q q 0 0 0 rg BT 455.39 133.10 Td (f recommendation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (any final settlement or relief. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (Item4. Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 176.19 83.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (Not applicable.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 682.10 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 682.10 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 682.10 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Item5. Market for) Tj ET Q q 0 0 0 rg BT 129.79 640.10 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 180.23 640.10 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 256.92 640.10 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 348.68 640.10 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 432.10 640.10 Td ( Pur) Tj ET Q q 0 0 0 rg BT 450.53 640.10 Td (chases of Equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (Price Range of Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 581.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 581.10 Td (, our common stock was quoted on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.95 581.10 Td (NASDAQ Global Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.71 581.10 Td ( under the symbol "ADES." ) Tj ET Q q 0 0 0 rg BT 526.24 581.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (table below sets forth the price range of our common stock for each quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.60 569.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 569.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.04 569.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.04 569.10 Td (:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.82 569.10 Td () Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 532.60 328.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 377.50 532.60 6.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 383.50 532.60 41.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 532.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 532.60 42.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 470.50 532.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 474.50 532.60 41.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 515.50 532.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 519.50 532.60 42.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 502.60 328.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 377.50 502.60 6.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 383.50 502.60 41.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 502.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 502.60 42.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 470.50 502.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 474.50 502.60 41.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 515.50 502.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 519.50 502.60 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 545.6 m 424.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 545.6 m 428.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 545.6 m 470.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 545.6 m 515.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 545.6 m 519.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 545.6 m 561.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 532.6 m 424.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.6 m 470.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 532.6 m 515.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 532.6 m 561.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 532.6 m 424.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.6 m 470.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 532.6 m 515.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 532.6 m 561.5 532.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.50 549.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.50 549.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.05 536.83 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.40 536.83 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.05 536.83 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.40 536.83 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 522.27 Td (1st Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 522.27 Td (8.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 522.27 Td (3.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 522.27 Td (21.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 522.27 Td (9.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.27 Td (2nd Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 507.27 Td (8.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 507.27 Td (6.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 507.27 Td (17.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 507.27 Td (12.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 492.27 Td (3rd Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 492.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 492.27 Td (8.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 492.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 492.27 Td (6.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 492.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 492.27 Td (13.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 492.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 492.27 Td (6.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 477.27 Td (4th Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 477.27 Td (9.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 477.27 Td (7.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 477.27 Td (7.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 477.27 Td (3.70) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (For the period from January 1 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.80 447.10 Td (February2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 447.10 Td (, our common stock traded on the NASDAQ Capital Market under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (symbol ) Tj ET Q q 0 0 0 rg BT 81.40 435.10 Td (ADES. For the period beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.16 435.10 Td (February3, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.76 435.10 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.87 435.10 Td (July6, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.04 435.10 Td (, our common stock traded on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.67 435.10 Td (OTC Pink) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 545.51 439.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.45 435.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Marketplace - Limited Information ) Tj ET Q q 0 0 0 rg BT 192.54 423.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.30 423.10 Td (ier) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 423.10 Td ( \("OTC"\) under the symbol ) Tj ET Q q 0 0 0 rg BT 320.05 423.10 Td (ADES as a result of NASDAQ suspending trading on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (February2, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.60 411.10 Td ( due to our non-compliance with filing requirement under the Exchange ) Tj ET Q q 0 0 0 rg BT 407.68 411.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (For the period noted above for which our stock traded on the OTC market, the OTC quotations reflect inter) Tj ET Q q 0 0 0 rg BT 478.29 387.10 Td (-dealer prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (without retail mark-up, markdown or commissions. Such quotes were not necessarily representative of actual transactions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (the value of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (The trading volume for our common stock is relatively limited. ) Tj ET Q q 0 0 0 rg BT 305.04 339.10 Td (There is no assurance that an active trading market will provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (adequate liquidity for our existing stockholders or for persons who may acquire our common stock in the future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (The following performance graph illustrates a five-year comparison of cumulative total return of our common stock, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (Russell 3000 Index and a select industry peer group \("Peer Group"\) for the period beginning on December 31, 201) Tj ET Q q 0 0 0 rg BT 507.95 272.10 Td (1 and ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (on December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 145.90 260.10 Td (The graph assumes an investment of $100 on December 31, 201) Tj ET Q q 0 0 0 rg BT 402.41 260.10 Td (1 and assumes the reinvestment of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (dividends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (The performance graph is not intended to be indicative of future performance. ) Tj ET Q q 0 0 0 rg BT 364.41 224.10 Td (The performance graph shall not be deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td ("soliciting material" or to be "filed" with the SEC for purposes of Section18 of the Exchange ) Tj ET Q q 0 0 0 rg BT 425.97 212.10 Td (Act, or otherwise subject to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (liabilities under that Section, and shall not be deemed to be incorporated by reference into any of the Company) Tj ET Q q 0 0 0 rg BT 496.25 200.10 Td (s filings under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 106.10 188.10 Td (Act or the Exchange ) Tj ET Q q 0 0 0 rg BT 189.96 188.10 Td (Act.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 71.80 736.85 Td (Five ) Tj ET Q q 0 0 0 rg BT 108.62 736.85 Td (Y) Tj ET Q q 0 0 0 rg BT 119.62 736.85 Td (ear) Tj ET Q q 0 0 0 rg BT 144.27 736.85 Td ( Cumulative ) Tj ET Q q 0 0 0 rg BT 242.95 736.85 Td (T) Tj ET Q q 0 0 0 rg BT 253.30 736.85 Td (otal Shar) Tj ET Q q 0 0 0 rg BT 323.48 736.85 Td (eholder) Tj ET Q q 0 0 0 rg BT 381.15 736.85 Td ( Return Comparison) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 52.35 722.45 Td (Advanced Emissions Solutions Return Relative to the Russell 3000 Index and Select Industry Peer Group) Tj ET Q /GS0 gs q 460.00 0 0 365.00 76.00 340.45 cm /I36 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.45 Td (The select industry Peer group includes the following: ) Tj ET Q q 0 0 0 rg BT 268.84 333.45 Td (American ) Tj ET Q q 0 0 0 rg BT 310.59 333.45 Td (V) Tj ET Q q 0 0 0 rg BT 316.70 333.45 Td (anguard Corp., Calgon Carbon Corporation, CECO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.45 Td (Environmental Corp., Clean Ener) Tj ET Q q 0 0 0 rg BT 183.95 321.45 Td (gy Fuels Corp., EnerNOC, Inc., FutureFuel Corp., Fuel-T) Tj ET Q q 0 0 0 rg BT 413.78 321.45 Td (ech, Inc., Hawkins Inc., Headwaters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.45 Td (Incorporated, KMG Chemicals Inc., L) Tj ET Q q 0 0 0 rg BT 202.46 309.45 Td (ydall Inc., Flotek Industries, Inc., Rentech, Inc. and ) Tj ET Q q 0 0 0 rg BT 410.27 309.45 Td (T) Tj ET Q q 0 0 0 rg BT 415.68 309.45 Td (erraV) Tj ET Q q 0 0 0 rg BT 437.84 309.45 Td (ia Holdings, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 283.45 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.45 Td (The number of holders of record of our common stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 265.45 Td (March8, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 265.45 Td ( was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.56 265.45 Td (1,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.06 265.45 Td (. ) Tj ET Q q 0 0 0 rg BT 458.88 265.45 Td (The approximate number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.45 Td (of beneficial stockholders is estimated at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 253.45 Td (2,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 253.45 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.45 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.45 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 210.45 Td (e have not paid cash dividends since inception. In addition, the Ener) Tj ET Q q 0 0 0 rg BT 330.88 210.45 Td (gy Capital Partners I, LP) Tj ET Q q 0 0 0 rg BT 429.66 210.45 Td ( and its af) Tj ET Q q 0 0 0 rg BT 468.63 210.45 Td (filiated funds \("ECP"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.45 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 94.72 198.45 Td (Agreement signed in November 201) Tj ET Q q 0 0 0 rg BT 239.86 198.45 Td (1 restricts our ability to pay dividends without concurrently increasing our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.45 Td (letters of credit in an amount equal to 50% of the fair market value of the dividend. However) Tj ET Q q 0 0 0 rg BT 421.14 186.45 Td (, the maximum total letter of credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.45 Td (related to dividends or earnings, as described in Note 14 of the Consolidated Financial Statements included in Item 8 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.45 Td (Report, is $7.5 million. Should we pay dividends, the payment of such dividends will be dependent upon earnings, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.45 Td (condition and other factors considered relevant by the Board and will be subject to limitations imposed under Delaware law) Tj ET Q q 0 0 0 rg BT 544.20 150.45 Td (. ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 742.25 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 157.02 742.25 Td ( Issuance under) Tj ET Q q 0 0 0 rg BT 224.08 742.25 Td ( Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 725.25 Td (e have equity plans under which options and shares of our common stock are authorized for grant or issuance as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (compensation to eligible employees, consultants, and members of the Board. Our stockholders have approved these plans. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 701.25 Td ( Stock-Based Compensation included in Item 8 of this Report for further information about the material terms of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (equity compensation plans. ) Tj ET Q q 0 0 0 rg BT 161.46 689.25 Td (The following table is a summary of the shares of our common stock authorized for issuance under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (the equity compensation plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.52 677.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.11 677.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 581.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 581.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 581.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 581.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 581.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 581.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 551.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 551.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 551.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 551.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 551.75 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 551.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 551.75 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 581.75 m 310.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 581.75 m 394.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 581.75 m 478.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 581.75 m 562.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 581.75 m 310.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 581.75 m 394.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 581.75 m 478.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 581.75 m 562.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 551.75 m 394.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 537.75 m 394.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 535.75 m 394.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 551.75 m 562.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 537.75 m 562.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 535.75 m 562.5 535.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.30 586.43 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.85 596.43 Td (Number) Tj ET Q q 0 0 0 rg BT 366.22 596.43 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.65 586.43 Td (securities issued) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.05 626.43 Td (W) Tj ET Q q 0 0 0 rg BT 425.50 626.43 Td (eighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.35 616.43 Td (A) Tj ET Q q 0 0 0 rg BT 407.83 616.43 Td (verage Exer) Tj ET Q q 0 0 0 rg BT 459.01 616.43 Td (cise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.45 606.43 Td (Price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.30 596.43 Td (Outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 586.43 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.85 656.43 Td (Number) Tj ET Q q 0 0 0 rg BT 534.22 656.43 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.00 646.43 Td (securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.10 636.43 Td (r) Tj ET Q q 0 0 0 rg BT 504.36 636.43 Td (emaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.25 626.43 Td (available for) Tj ET Q q 0 0 0 rg BT 548.67 626.43 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.70 616.43 Td (futur) Tj ET Q q 0 0 0 rg BT 511.74 616.43 Td (e issuance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.70 606.43 Td (under) Tj ET Q q 0 0 0 rg BT 520.08 606.43 Td ( equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.55 596.43 Td (compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.60 586.43 Td (plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.42 Td (Equity compensation plans approved by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 571.42 Td (1,508,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 571.42 Td (11.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 571.42 Td (891,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.42 Td (Equity compensation plans not approved by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 556.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 556.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 556.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 541.42 Td (1,508,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 541.42 Td (891,242) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 511.25 Td (chases of Equity Securities by the Company and ) Tj ET Q q 0 0 0 rg BT 273.17 511.25 Td (Affiliated Pur) Tj ET Q q 0 0 0 rg BT 332.15 511.25 Td (chasers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (Neither we nor any af) Tj ET Q q 0 0 0 rg BT 141.44 493.25 Td (filiated purchaser) Tj ET Q q 0 0 0 rg BT 210.73 493.25 Td (, as defined in Rule 10b-18\(a\)\(3\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 415.65 493.25 Td (Act, purchased any of our equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (securities during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.40 481.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.98 481.25 Td (.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6. Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (FIVE-YEAR SUMMAR) Tj ET Q q 0 0 0 rg BT 153.81 725.25 Td (Y) Tj ET Q q 0 0 0 rg BT 160.66 725.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 176.67 725.25 Td ( SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 291.15 725.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 307.35 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.28 725.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (The following selected financial data are derived from the audited Consolidated Financial Statements for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 689.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.58 689.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.58 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.58 689.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.58 689.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.02 689.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.02 689.25 Td ( and should be read in conjunction with Item1A, Item7 and our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (Financial Statements and the related notes included in Item8 of this Report.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.09 677.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.75 210.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 632.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 632.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 632.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 632.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 632.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 632.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 632.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 632.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 632.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 632.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 596.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 596.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 596.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 596.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 596.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 566.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 566.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 566.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 566.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 566.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 536.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 536.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 536.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 536.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 536.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 653.75 m 320.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 653.75 m 324.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 653.75 m 380.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 653.75 m 384.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 653.75 m 440.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 653.75 m 444.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 653.75 m 500.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 653.75 m 504.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 653.75 m 560.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 632.75 m 260.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 632.75 m 320.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 632.75 m 380.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 653.75 m 440.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 632.75 m 440.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 653.75 m 500.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 632.75 m 500.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 653.75 m 560.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 632.75 m 560.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 632.75 m 320.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 632.75 m 380.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 632.75 m 440.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 632.75 m 500.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 632.75 m 504.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 632.75 m 560.5 632.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.05 657.98 Td (Years Ended December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 637.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 636.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 636.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 636.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 636.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 636.98 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 616.43 Td (Statement of operations data:) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 281.60 620.11 Td (\(4\) \(5\) \(6\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 345.25 620.11 Td (\(3\) \(5\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 405.25 620.11 Td (\(3\) \(5\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 468.95 620.10 Td (\(3\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 528.95 620.10 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 601.42 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 601.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 601.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 601.42 Td (13,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 601.42 Td (16,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 586.42 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 586.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 586.42 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 586.42 Td (15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 586.42 Td (813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 571.42 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 571.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 571.42 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 571.42 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 571.42 Td (1,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.42 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.80 556.47 Td (\(60,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 556.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 556.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 556.42 Td (463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 556.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 541.42 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 541.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 541.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 541.47 Td (\(15,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 541.47 Td (\(13,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 526.42 Td (Net income \(loss\), per common share, basic ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 231.00 530.04 Td (\(1\) \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 526.42 Td (4.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 526.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 526.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 526.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 526.47 Td (\(0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.42 Td (Net income \(loss\), per common share, diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 511.42 Td (4.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 511.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 511.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 511.47 Td (\(0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 511.47 Td (\(0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.75 210.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 462.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 462.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 462.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 462.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 462.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 462.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 462.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 462.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 462.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 462.75 56.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.75 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 430.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 430.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 430.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 430.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 430.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 483.75 m 320.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 483.75 m 324.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 483.75 m 380.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 483.75 m 384.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 483.75 m 440.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 483.75 m 444.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 483.75 m 500.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 483.75 m 504.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 483.75 m 560.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 462.75 m 260.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 462.75 m 320.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 483.75 m 380.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 462.75 m 380.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 483.75 m 440.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 462.75 m 440.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 483.75 m 444.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 483.75 m 500.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 462.75 m 500.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 483.75 m 504.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 483.75 m 560.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 462.75 m 560.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 462.75 m 320.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 462.75 m 380.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 462.75 m 440.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 462.75 m 500.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 462.75 m 504.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 462.75 m 560.5 462.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 488.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.95 487.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 467.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 466.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 466.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 466.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 466.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 466.98 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.43 Td (Balance sheet data:) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 281.60 454.11 Td (\(4\) \(5\) \(6\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 345.25 454.11 Td (\(3\) \(5\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 405.25 454.11 Td (\(3\) \(5\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 468.95 454.10 Td (\(3\)) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 528.95 454.10 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 435.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 435.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 435.42 Td (107,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 435.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 435.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 435.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 435.42 Td (93,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 435.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 435.42 Td (73,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 435.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 435.42 Td (28,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 420.42 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 420.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 420.42 Td (28,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 420.42 Td (15,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 420.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 420.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.42 Td (Stockholders equity \(deficit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 405.42 Td (76,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 405.47 Td (\(24,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 405.47 Td (\(697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 405.47 Td (\(6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 405.47 Td (\(21,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 385.45 Td (\(1\) For the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.72 385.45 Td (December31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.45 385.45 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.94 385.45 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.94 385.45 Td (, the number of common shares and per common share amounts have been retroactively ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 374.65 Td (restated to reflect the two-for) Tj ET Q q 0 0 0 rg BT 154.77 374.65 Td (-one stock split of our common stock, which was ef) Tj ET Q q 0 0 0 rg BT 340.57 374.65 Td (fected in the form of a common stock dividend distributed on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 363.85 Td (March14, 2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 348.05 Td (\(2\) For the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.72 348.05 Td (December31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.45 348.05 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.95 348.05 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.95 348.05 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.44 348.05 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.44 348.05 Td (, the computation of diluted net loss per common share was the same as basic net ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (loss per common share as the inclusion of outstanding options or unvested equity instruments for those years would have been anti-dilutive .) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 321.45 Td (\(3\) On ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.50 321.45 Td (August31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.25 321.45 Td (, we acquired and consolidated the assets of two related private companies engaged in the DSI business. ) Tj ET Q q 0 0 0 rg BT 511.72 321.45 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 310.65 Td (fabrication facility related to this acquisition was shut down during the fourth quarter of 2015 as described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.40 310.65 Td (Note 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.64 310.65 Td ( of the Consolidated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 299.85 Td (Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 284.05 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 62.25 284.05 Td (As described in Item 7 of this Report and Note 14 of our Consolidated Financial Statements included in Item 8 of the 2014 10-K, during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (201) Tj ET Q q 0 0 0 rg BT 63.17 273.25 Td (1, we entered into settlement agreements with various third parties related to litigation regarding one of our equity method investments ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 262.45 Td (\(the "Royalty ) Tj ET Q q 0 0 0 rg BT 100.17 262.45 Td (A) Tj ET Q q 0 0 0 rg BT 105.84 262.45 Td (ward"\), whereby we paid a lump-sum payment totaling $33 million in the third quarter of 201) Tj ET Q q 0 0 0 rg BT 443.10 262.45 Td (1. In addition, we agreed to pay ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 251.65 Td (an additional $7.5 million over a three-year period with payments commencing in the second quarter of 2012, payable in three equal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 240.85 Td (installments. ) Tj ET Q q 0 0 0 rg BT 97.83 240.85 Td (W) Tj ET Q q 0 0 0 rg BT 105.61 240.85 Td (e also relinquished our investment in the equity method entity and were also required to pay additional damages in the form of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 230.05 Td (future royalty payments related to certain future revenues generated from the equity method investment through the second quarter of 2018. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 62.25 214.25 Td (As described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.48 214.25 Td (Note 7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.73 214.25 Td ( of the Consolidated Financial Statements included in Item 8 of this Report, on February 10, 2014, we purchased a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td (24.95% membership interest in RCM6, which owns a single RC facility that produces and sells RC that qualifies for Section 45 tax credits, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 192.65 Td (from ) Tj ET Q q 0 0 0 rg BT 69.58 192.65 Td (T) Tj ET Q q 0 0 0 rg BT 74.76 192.65 Td (inuum Group through an up-front payment of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.98 192.65 Td ($2.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.98 192.65 Td ( and an initial note payable to ) Tj ET Q q 0 0 0 rg BT 393.54 192.65 Td (T) Tj ET Q q 0 0 0 rg BT 398.72 192.65 Td (inuum Group of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.96 192.65 Td ($13.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.47 192.65 Td (. During the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.48 181.85 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.20 181.85 Td (, the Company recognized equity method losses related to RCM6 of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.15 181.85 Td ($0.6 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.15 181.85 Td (. On March 3, 2016, the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (Company sold its 24.95% membership interest in RCM6 for a cash payment of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.96 171.05 Td ($1.8 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.96 171.05 Td ( and assumption of the outstanding note payable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (made by the Company in connection with its purchase of RCM6 membership interests from ) Tj ET Q q 0 0 0 rg BT 382.78 160.25 Td (T) Tj ET Q q 0 0 0 rg BT 387.96 160.25 Td (inuum Group in February 2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 144.45 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 62.25 144.45 Td (As described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.48 144.45 Td (Note 16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.23 144.45 Td ( of the Consolidated Financial Statements included in Item 8 of this Report, during the fourth quarter of 2016, the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 133.65 Td (Company released ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.98 133.65 Td ($61.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.48 133.65 Td ( of the valuation allowance related to the deferred tax assets, which resulted in an income tax benefit during ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 122.85 Td (2016 of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 122.85 Td ($60.9 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.50 122.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.85 Td (The Notes to the Consolidated Financial Statements included in Item 8 of this Report contain additional information about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.85 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 86.85 Td (ges resulting from other operating expenses and other income \(expense\) which af) Tj ET Q q 0 0 0 rg BT 392.01 86.85 Td (fects the comparability of information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.85 Td (presented.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 716.10 Td (Item7. Management) Tj ET Q q 0 0 0 rg BT 141.55 716.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.53 716.10 Td (Analysis of Financial Condition and Results of Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 692.10 Td (Overview ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (This Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.46 680.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.04 680.10 Td ( is filed by ) Tj ET Q q 0 0 0 rg BT 315.49 680.10 Td (Advanced Emissions Solutions, Inc. together with its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (consolidated subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 202.08 668.10 Td (, "ADES," the "Company) Tj ET Q q 0 0 0 rg BT 303.40 668.10 Td (," "we," "us," or "our" unless the context indicates otherwise\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 644.10 Td (e are a leader in emissions reductions technologies and associated specialty chemicals, primarily serving the coal-fueled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (power plant industry) Tj ET Q q 0 0 0 rg BT 132.11 632.10 Td (. Our proprietary environmental technologies and specialty chemicals enable power and coal-fired plants to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (enhance existing air pollution control equipment, minimize mercury) Tj ET Q q 0 0 0 rg BT 322.05 620.10 Td (, CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 340.94 618.96 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.54 620.10 Td ( and other emissions, maximize capacity) Tj ET Q q 0 0 0 rg BT 505.07 620.10 Td (, and improve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (operating ef) Tj ET Q q 0 0 0 rg BT 97.85 608.10 Td (ficiencies, to meet the challenges of existing and pending emission control regulations. See further discussion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (our business included in Item 1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.26 596.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.76 596.10 Td (of this Report. Discussion regarding segment information is included within the discussion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 Td (our consolidated results under this Item 7. ) Tj ET Q q 0 0 0 rg BT 219.97 584.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 269.87 584.10 Td (, discussion related to our reportable segments is included in Item 1 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 572.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (Components of Revenue, Expenses and Equity Method Investees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (The following briefly describes the components of revenues and expenses as presented in the Consolidated Statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (Operations. Descriptions of the revenue recognition policies are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.18 512.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.12 512.10 Td ( to the Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (included in Item 8 of this Report. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (Revenues and costs of revenue) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 450.7669921875 m 115.8251953125 450.7669921875 l s q 0 0 0 rg BT 50.00 452.10 Td (Equipment sales) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 115.83 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (Equipment sales represent the sale of activated carbon injection \("ACI"\) systems to control mercury) Tj ET Q q 0 0 0 rg BT 449.33 440.10 Td (, dry sorbent injection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (\("DSI"\) systems to control SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 171.49 426.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.74 428.10 Td (, SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 192.53 426.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.78 428.10 Td (, and HCl and electrostatic precipitator \("ESP"\) liquid flue gas conditioning systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (Revenue from extended equipment contracts is recorded using the completed contract method of accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 392.10 Td (e also enter into other non-extended equipment contracts for which we recognizes revenue on a time and material basis as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (services to build equipment systems are performed or as equipment is delivered.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 354.7669921875 m 92.216796875 354.7669921875 l s q 0 0 0 rg BT 50.00 356.10 Td (Chemicals) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 92.22 356.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 344.10 Td (e sell proprietary chemical blends to coal-fired utilities that allow the respective utilities to comply with the regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (emissions standards.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 306.7669921875 m 169.7119140625 306.7669921875 l s q 0 0 0 rg BT 50.00 308.10 Td (Consulting services and other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.71 308.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 296.10 Td (e provide consulting services to assist electric power generators and others in planning and implementing strategies to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (the new and increasingly stringent government emission standards requiring reductions in SO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 424.64 282.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.89 284.10 Td (, NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 447.34 282.67 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.59 284.10 Td (, particulates, acid gases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (and mercury) Tj ET Q q 0 0 0 rg BT 99.60 272.10 Td (. ) Tj ET Q q 0 0 0 rg BT 104.42 272.10 Td (This includes demonstrations of our commercial products. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (Other Operating Expenses) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 222.76699218750002 m 130.7275390625 222.76699218750002 l s q 0 0 0 rg BT 50.00 224.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 224.10 Td (oll and benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.73 224.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (Payroll and benefits costs include personnel related fringe benefits, sales and administrative staf) Tj ET Q q 0 0 0 rg BT 433.87 212.10 Td (f labor costs and stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (compensation expenses.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 174.76699218750002 m 131.0791015625 174.76699218750002 l s q 0 0 0 rg BT 50.00 176.10 Td (Rent and occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.08 176.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (Rent and occupancy costs include rent, insurance, and other occupancy-related expenses.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 138.76699218750002 m 159.90234375 138.76699218750002 l s q 0 0 0 rg BT 50.00 140.10 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 140.10 Td (ofessional fees) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.90 140.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (Legal and professional costs include external legal, audit and consulting expenses.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 102.76699218750002 m 160.5419921875 102.76699218750002 l s q 0 0 0 rg BT 50.00 104.10 Td (General and administrative) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.54 104.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (General and administrative costs include director fees and expenses, bad debt expense and other general costs of conducting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (business.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 174.5849609375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 742.10 Td (ch and development, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.58 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Research and development expense consists of research relating to various projects including the CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 454.04 728.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.29 730.10 Td ( capture and control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (market. Historically) Tj ET Q q 0 0 0 rg BT 129.33 718.10 Td (, we have entered into reimbursement contracts with the DOE related to certain of our research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (development contracts. ) Tj ET Q q 0 0 0 rg BT 145.06 706.10 Td (These contracts have been best-ef) Tj ET Q q 0 0 0 rg BT 279.81 706.10 Td (fort-basis contracts and we have included industry cost-share partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (to of) Tj ET Q q 0 0 0 rg BT 68.43 694.10 Td (fset the costs incurred that are anticipated to be in excess of funded amounts from the DOE. During 2016, we continued to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (receive DOE reimbursements related to prior years' executed contracts. ) Tj ET Q q 0 0 0 rg BT 337.05 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.69 682.10 Td (e recognize amounts funded by the DOE and industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (partners under research-and-development-cost-sharing arrangements as an of) Tj ET Q q 0 0 0 rg BT 358.02 670.10 Td (fset to our aggregate research and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (expenses within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.37 658.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.32 658.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.31 658.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.68 658.10 Td ( included in Item 8 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Report.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 620.7669921875 m 173.5107421875 620.7669921875 l s q 0 0 0 rg BT 50.00 622.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 622.10 Td (eciation and amortization) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.51 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Depreciation and amortization expense consists of depreciation expense related to property and equipment and the amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of long lived intangibles. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Other Income \(Expense\), net) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 548.7669921875 m 215.7177734375 548.7669921875 l s q 0 0 0 rg BT 50.00 550.10 Td (Earnings fr) Tj ET Q q 0 0 0 rg BT 95.47 550.10 Td (om equity method investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.72 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Earnings from equity method investments relates to our share of earnings \(losses\) related to our equity method investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Our equity method earnings in ) Tj ET Q q 0 0 0 rg BT 174.52 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.27 514.10 Td (inuum Group are positively impacted when ) Tj ET Q q 0 0 0 rg BT 356.16 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 361.92 514.10 Td (inuum Group obtains an investor in an RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (facility and receives lease payments from the lessee, or purchase payments from the sale, of the RC facility) Tj ET Q q 0 0 0 rg BT 477.81 502.10 Td (. If ) Tj ET Q q 0 0 0 rg BT 491.79 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 497.54 502.10 Td (inuum Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (operates a retained RC facility) Tj ET Q q 0 0 0 rg BT 170.97 490.10 Td (, the Company's equity method earnings will be negatively impacted as operating retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (facilities generate operating losses. However) Tj ET Q q 0 0 0 rg BT 228.70 478.10 Td (, we benefit on an after) Tj ET Q q 0 0 0 rg BT 320.67 478.10 Td (-tax basis if we are able to utilize net operating losses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (tax credits associated with the production and sale of RC from operation of retained RC facilities by ) Tj ET Q q 0 0 0 rg BT 452.76 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 458.52 466.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 516.95 466.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (benefits, if utilized in future periods, will reduced the tax expense reported within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.78 454.10 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.11 454.10 Td ( line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 442.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 442.10 Td ( included in Item 8 of this Report. In addition, our equity method earnings in ) Tj ET Q q 0 0 0 rg BT 530.01 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 535.77 442.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Group are negatively impacted due to an annual preferred return to which one of ) Tj ET Q q 0 0 0 rg BT 374.69 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.44 430.10 Td (inuum Group's equity owners, GSFS, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (entitled. ) Tj ET Q q 0 0 0 rg BT 84.81 418.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 129.04 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 134.80 418.10 Td (inuum Group's equity earnings available to its common members are equal to ) Tj ET Q q 0 0 0 rg BT 446.90 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 452.66 418.10 Td (inuum Group's net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (less the preferred return due to GSFS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Through March 3, 2016, we owned a 24.95% equity interest in RCM6, which owns a single RC facility that is managed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 370.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 116.68 370.10 Td (The economics to us were consistent with an invested facility discussed above except that we were subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (funding our share of RCM6's operating costs during 2014 and 2015 and through March 3, 2016. Our purchase of RCM6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (resulted in us recording a basis dif) Tj ET Q q 0 0 0 rg BT 187.01 346.10 Td (ference related to fixed assets and identifiable intangible assets, which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 334.10 Td (ference between our proportionate share of RCM6's net losses and our recorded equity losses related to additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (depreciation and amortization expense recorded by us related to the basis dif) Tj ET Q q 0 0 0 rg BT 356.09 322.10 Td (ference. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 298.10 Td (inuum Services operates and maintains RC facilities under operating and maintenance agreements. ) Tj ET Q q 0 0 0 rg BT 452.94 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 458.70 298.10 Td (inuum Group or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (lessee/owner of the RC facilities pays ) Tj ET Q q 0 0 0 rg BT 203.11 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 208.87 286.10 Td (inuum Services, subject to certain limitations, the costs of operating and maintaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (the RC facilities plus certain fees. ) Tj ET Q q 0 0 0 rg BT 187.28 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.03 274.10 Td (inuum Services also arranges for the purchase and delivery of certain chemical additives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (necessary for the production of refined coal under chemical agency agreements. ) Tj ET Q q 0 0 0 rg BT 371.89 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 377.65 262.10 Td (inuum Services is also the primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (beneficiary of certain RC facilities that are variable interest entities \("VIE's\) and therefore consolidates them. ) Tj ET Q q 0 0 0 rg BT 488.49 250.10 Td (All net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (\(loss\) associated with these consolidated ) Tj ET Q q 0 0 0 rg BT 214.50 238.10 Td (VIE's is allocated to the noncontrolling equity holders of ) Tj ET Q q 0 0 0 rg BT 443.57 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.33 238.10 Td (inuum Services and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (therefore does not impact our equity earnings \(loss\) from ) Tj ET Q q 0 0 0 rg BT 280.59 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.34 226.10 Td (inuum Services.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 200.76699218750002 m 143.7744140625 200.76699218750002 l s q 0 0 0 rg BT 50.00 202.10 Td (Royalties, r) Tj ET Q q 0 0 0 rg BT 95.73 202.10 Td (elated party) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.77 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 190.10 Td (e generate royalties under a licensing arrangement with ) Tj ET Q q 0 0 0 rg BT 282.25 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 288.01 190.10 Td (inuum Group for our M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 396.33 193.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.13 190.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 461.35 193.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 190.10 Td ( emission control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (technologies to ) Tj ET Q q 0 0 0 rg BT 113.14 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 118.90 178.10 Td (inuum Group \("M-45 License"\). Royalties are earned based upon \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 485.33 178.10 Td (-ton, pre-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 166.10 Td (gin net of certain allocable operating expenses related to the lease or sale of an invested RC facility that produces and sells ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (RC under the M-45 License, \(ii\) a percentage of the value of the Section 45 tax credits generated related to retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (facilities, net of certain allocable operating expenses as a result of the production and sale of RC under the M-45 License, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (\(iii\) a percentage of the revenue, net of all direct expenses, received by ) Tj ET Q q 0 0 0 rg BT 335.51 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 341.27 130.10 Td (inuum Group as a direct result of ) Tj ET Q q 0 0 0 rg BT 475.78 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 481.53 130.10 Td (inuum Group's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (exercise of the M-45 License. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 92.76699218750002 m 145.5126953125 92.76699218750002 l s q 0 0 0 rg BT 50.00 94.10 Td (Other income \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The remaining components of other income \(expense\) include interest income, interest expense and other miscellaneous items, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (including with respect to 2016 an adjustment to a litigation loss accrual and change in estimate related to royalty indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (expense. ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e record interest expense due to our share of ) Tj ET Q q 0 0 0 rg BT 237.55 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 243.31 742.10 Td (inuum Group's equity method earnings for RC facility leases that are treated as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (installment sales for tax purposes. IRS Section 453A) Tj ET Q q 0 0 0 rg BT 260.53 730.10 Td ( requires taxpayers using the installment method to pay an interest char) Tj ET Q q 0 0 0 rg BT 544.99 730.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (on the portion of the tax liability that was deferred under the installment method. ) Tj ET Q q 0 0 0 rg BT 375.57 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.20 718.10 Td (e refer to this as "453A) Tj ET Q q 0 0 0 rg BT 476.32 718.10 Td ( interest.") Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (For comparison purposes, the following tables set forth our results of operations for the periods presented in the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Financial Statements included in Item 8 of this Report. ) Tj ET Q q 0 0 0 rg BT 271.45 718.25 Td (The year) Tj ET Q q 0 0 0 rg BT 306.50 718.25 Td (-to-year comparison of financial results is not necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (indicative of financial results that may be achieved in future years. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 682.25 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 682.25 Td ( ended December) Tj ET Q q 0 0 0 rg BT 143.50 682.25 Td ( 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.00 682.25 Td ( Compar) Tj ET Q q 0 0 0 rg BT 218.87 682.25 Td (ed to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.83 682.25 Td (Y) Tj ET Q q 0 0 0 rg BT 247.94 682.25 Td (ear) Tj ET Q q 0 0 0 rg BT 261.64 682.25 Td ( ended December) Tj ET Q q 0 0 0 rg BT 335.32 682.25 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.82 682.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 658.25 Td (otal Revenue and Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 646.25 Td ( summary of the components of revenues and cost of revenue for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 646.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.08 646.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.52 646.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.52 646.25 Td ( is as follows:) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 609.75 280.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 609.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 609.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 387.50 609.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 391.50 609.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 445.50 609.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 449.50 609.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.50 609.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.50 609.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 579.75 280.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 579.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 579.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 387.50 579.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 391.50 579.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 445.50 579.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 449.50 579.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.50 579.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.50 579.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 549.75 280.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 549.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 549.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 387.50 549.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 391.50 549.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 445.50 549.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 449.50 549.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.50 549.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.50 549.75 54.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 519.75 280.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 519.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 519.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 387.50 519.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 391.50 519.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 445.50 519.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 449.50 519.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.50 519.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.50 519.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 49.50 469.75 280.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 329.50 469.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 469.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 387.50 469.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 391.50 469.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 445.50 469.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 449.50 469.75 54.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.50 469.75 4.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.50 469.75 54.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 622.75 m 387.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 622.75 m 391.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 622.75 m 445.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 622.75 m 503.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 622.75 m 507.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 622.75 m 561.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 609.75 m 329.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 622.75 m 387.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 609.75 m 387.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 622.75 m 391.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 622.75 m 445.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 609.75 m 445.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 609.75 m 503.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 609.75 m 561.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 609.75 m 387.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 609.75 m 445.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 609.75 m 503.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 609.75 m 561.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 549.75 m 387.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 549.75 m 445.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 549.75 m 503.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 549.75 m 387.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 535.75 m 387.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 533.75 m 387.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 549.75 m 445.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 535.75 m 445.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 533.75 m 445.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 549.75 m 503.5 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 535.75 m 503.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 533.75 m 503.5 533.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.05 626.98 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 626.98 Td (Change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 614.00 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.66 614.00 Td (Amounts in thousands except per) Tj ET Q q 0 0 0 rg BT 160.13 614.00 Td (centages) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.12 614.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.00 613.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.00 613.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.30 613.98 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 613.98 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.32 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 585.32 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 584.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 584.42 Td (46,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 584.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 584.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 584.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 584.47 Td (\(13,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 584.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 584.42 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 584.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 570.32 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 569.42 Td (3,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 569.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 569.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 569.42 Td (241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 569.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 554.42 Td (Consulting services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 554.42 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 554.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 554.47 Td (\(1,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 554.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 554.42 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 554.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 540.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 539.42 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 539.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 539.47 Td (\(12,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 539.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 539.42 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 539.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 524.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 509.42 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 499.42 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 499.42 Td (37,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 499.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 499.47 Td (\(7,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 499.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 499.42 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 499.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 484.42 Td (Chemicals cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 474.42 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 474.42 Td (1,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 474.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 474.42 Td (1,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 474.42 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 474.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 459.42 Td (Consulting services and other cost of revenue, exclusive of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 449.42 Td (depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 449.42 Td (376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 449.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 449.47 Td (\(1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 449.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 449.42 Td (\(75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 449.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 419.9169921875 m 115.8251953125 419.9169921875 l s q 0 0 0 rg BT 50.00 421.25 Td (Equipment sales) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.8251953125 419.9169921875 m 264.3115234375 419.9169921875 l s q 0 0 0 rg BT 115.83 421.25 Td ( and Equipment sales cost of r) Tj ET Q q 0 0 0 rg BT 236.56 421.25 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 409.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 409.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 409.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 409.25 Td (, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.69 409.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.23 409.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.67 409.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.33 409.25 Td ( long-term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (contracts to supply ) Tj ET Q q 0 0 0 rg BT 127.49 397.25 Td (ACI systems with aggregate contract values including change orders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.18 397.25 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.07 397.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.51 397.25 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.40 397.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 385.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 385.25 Td (The total value per contract may change due to the relative sizes of ) Tj ET Q q 0 0 0 rg BT 372.09 385.25 Td (ACI systems and the contracts related thereto. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 373.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 373.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 373.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 373.25 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.86 373.25 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 373.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.29 373.25 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.29 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.24 373.25 Td (ACI systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 373.25 Td ($26.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 361.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 361.25 Td ($51.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 361.25 Td ( and cost of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.07 361.25 Td ($20.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.97 361.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.40 361.25 Td ($38.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.30 361.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 425.96 361.25 Td (. ) Tj ET Q q 0 0 0 rg BT 430.78 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 439.41 361.25 Td (e recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.71 361.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.61 361.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 349.25 Td ( in loss provisions related to ) Tj ET Q q 0 0 0 rg BT 213.33 349.25 Td (ACI systems contracts during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.12 349.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.70 349.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.14 349.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.14 349.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 337.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 313.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 313.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 313.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 313.25 Td (, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.69 313.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.89 313.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.33 313.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 313.25 Td ( long term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (contracts to supply DSI systems and other material handling equipment with contract values including associated change orders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 289.25 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 289.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 289.25 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.05 289.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 230.71 289.25 Td (. ) Tj ET Q q 0 0 0 rg BT 235.53 289.25 Td (T) Tj ET Q q 0 0 0 rg BT 240.94 289.25 Td (otal value per contract may change due to the relative sizes of DSI systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (the contracts related thereto. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.30 277.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.88 277.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.32 277.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.32 277.25 Td (, we completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.63 277.25 Td (1) Tj ET Q q 0 0 0 rg BT 447.26 277.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.26 277.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.70 277.25 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.47 277.25 Td ( DSI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 265.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 265.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.58 265.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.58 265.25 Td ( other material handling equipment systems, recognizing revenues of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.84 265.25 Td ($15.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.73 265.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.17 265.25 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.06 265.25 Td ( and cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.81 253.25 Td ($14.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.70 253.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.14 253.25 Td ($5.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.03 253.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 280.69 253.25 Td (. Due to potential cost overruns related to certain DSI projects, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (expect that the future relationship between revenues and costs may be dissimilar from prior results. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 229.25 Td (, we recognized a reduction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.14 229.25 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.03 229.25 Td ( in previously recognized loss provisions included in cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (revenue. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.28 217.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.86 217.25 Td (, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 217.25 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.39 217.25 Td ( in loss provisions included in cost of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (related to DSI system contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 181.25 Td (, in 2016, we executed sales-type lease agreements related to ) Tj ET Q q 0 0 0 rg BT 344.80 181.25 Td (ACI and DSI systems and recognized revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 181.25 Td ($3.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 169.25 Td ( and cost of revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.74 169.25 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.64 169.25 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.54 169.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.13 169.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (The remaining changes were due to other equipment sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (As a result of using the completed contract method for revenue recognition on long-term equipment contracts, our revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (cost of revenue information may not be comparable to the information of our competitors who do not use the completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (contract method. For example, due to the long-term revenue recognition period on certain contracts, we may recognize less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (revenue and related cost of revenue during a particular period, but record significant deferred revenue and deferred project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 74.82 73.25 Td (This impacts our outstanding backlog as is discussed in more detail in Item 1 of this Report. ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 99.99 742.10 Td (ACI and DSI system contracts during 2015 and 2016 has been driven by coal-fired power plant utilities that need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to comply with MA) Tj ET Q q 0 0 0 rg BT 128.06 730.10 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 187.88 730.10 Td ( standards by 2016. Revenues related to ) Tj ET Q q 0 0 0 rg BT 348.95 730.10 Td (ACI and DSI system contracts fluctuate due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (changes in the number of contracts entered into as well as the long duration of completing certain contracts, which involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (long-lead time requirements for manufacturing, installation and testing of the equipment. ) Tj ET Q q 0 0 0 rg BT 407.96 706.10 Td (As the deadline for these standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (has now passed, we have experienced and expect to continue to experience a significant decline in the number of long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (fixed price contracts entered into going forward as the coal-fired power plant and other utilities markets have materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (completed purchases of these systems to assist in the achievement of initial compliance with regulatory standards.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 644.7669921875 m 92.216796875 644.7669921875 l s q 0 0 0 rg BT 50.00 646.10 Td (Chemicals) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.216796875 644.7669921875 m 213.203125 644.7669921875 l s q 0 0 0 rg BT 92.22 646.10 Td ( and Chemical cost of r) Tj ET Q q 0 0 0 rg BT 185.45 646.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 634.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 634.10 Td (, revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.58 634.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.34 634.10 Td ( year over year primarily due to an overall increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (pounds of our chemicals sold, most significantly driven by higher sales of our M-Prove) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 399.38 626.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.13 622.10 Td ( chemicals during the second half of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 74.82 610.10 Td (The increase in revenue is due to our increased focus on selling these products to coal-fired power plants to be in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (compliance with applicable regulations. ) Tj ET Q q 0 0 0 rg BT 211.71 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.35 598.10 Td (e believe revenues will continue to increase in 2017 due to the full year financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (impact of existing customers and a continued expansion of our customer base. However) Tj ET Q q 0 0 0 rg BT 401.45 586.10 Td (, we believe that it is likely that gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 574.10 Td (gins on sales of chemicals for 2017 will be lower than in 2016 based on the nature of certain chemical sale contracts, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (may include longer field testing time frames, which can result in decreased mar) Tj ET Q q 0 0 0 rg BT 367.76 562.10 Td (gins, as we attempt to not only expand our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (customer base but also the volume size and duration of chemical sales contracts.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 524.7669921875 m 169.7119140625 524.7669921875 l s q 0 0 0 rg BT 50.00 526.10 Td (Consulting services and other) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 169.7119140625 524.7669921875 m 330.9765625 524.7669921875 l s q 0 0 0 rg BT 169.71 526.10 Td ( and Consulting services cost of r) Tj ET Q q 0 0 0 rg BT 303.22 526.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 514.10 Td (e also provide consulting services related to emissions regulations. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.99 514.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.57 514.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.01 514.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.01 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (revenues decreased year over year due to a decrease in the number of consulting service engagements performed. ) Tj ET Q q 0 0 0 rg BT 505.72 502.10 Td (The decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (in the number of consulting services engagements was due in part to us no longer performing consulting services related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (certain customer within the legacy Emissions Control - Manufacturing segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (Additional information related to revenue concentrations and contributions by class and reportable segment can be found ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (within the segment discussion below and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.92 449.10 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 449.10 Td ( to the Consolidated Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 425.10 Td ( Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 413.10 Td ( summary of the components of our operating expenses, exclusive of cost of revenue items \(presented above\), for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 401.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 401.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.40 401.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 401.10 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 356.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 356.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 356.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 356.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 326.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 326.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 326.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 326.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 326.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 296.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 296.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 296.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 296.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 296.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 266.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 266.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 266.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 266.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 377.6 m 381.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 377.6 m 385.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 377.6 m 441.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 377.6 m 501.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 377.6 m 505.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 377.6 m 561.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 356.6 m 321.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 377.6 m 381.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 356.6 m 381.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 377.6 m 385.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 377.6 m 441.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 356.6 m 441.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 356.6 m 501.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 356.6 m 561.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 251.60000000000002 m 381.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 237.60000000000002 m 381.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 235.60000000000002 m 381.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 251.60000000000002 m 441.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 237.60000000000002 m 441.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 235.60000000000002 m 441.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 251.60000000000002 m 501.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 237.60000000000002 m 501.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 235.60000000000002 m 501.5 235.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.05 381.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.85 381.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 360.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.00 360.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 360.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 360.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.30 360.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.17 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 331.27 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 331.27 Td (12,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 331.27 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 331.32 Td (\(11,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 331.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 331.27 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 331.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 316.27 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 316.27 Td (2,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 316.27 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 316.32 Td (\(1,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 316.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 316.27 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 316.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 301.27 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 301.27 Td (8,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 301.27 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 301.32 Td (\(8,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 301.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 301.27 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 301.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 286.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 286.27 Td (3,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 286.27 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 286.32 Td (\(2,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 286.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 286.27 Td (\(39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 286.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 271.27 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 271.32 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 271.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 271.27 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 271.32 Td (\(6,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 271.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 271.27 Td (\(112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 271.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 256.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 256.27 Td (979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 256.27 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 256.32 Td (\(1,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 256.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 256.27 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 256.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 241.27 Td (26,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 241.27 Td (56,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 241.32 Td (\(30,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 241.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 241.27 Td (\(53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 241.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 211.76699218750002 m 130.7275390625 211.76699218750002 l s q 0 0 0 rg BT 50.00 213.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 213.10 Td (oll and benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.73 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (Payroll and benefits expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.08 201.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.49 201.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.27 201.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.27 201.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.97 201.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.97 201.10 Td ( primarily due to a decrease in restructuring expenses in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (connection with the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 261.11 189.10 Td (ficers and management's alignment of the business with strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (objectives. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.17 177.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.76 177.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.20 177.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.78 177.10 Td (, we recorded net restructuring char) Tj ET Q q 0 0 0 rg BT 505.75 177.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.41 177.10 Td ($1.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 165.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 165.10 Td ($10.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 165.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 204.88 165.10 Td (, including the modification and acceleration of equity awards of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.18 165.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.07 165.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.51 165.10 Td ($3.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 153.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 153.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.00 153.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 185.90 153.10 Td (, we had a decrease in headcount of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.82 153.10 Td (70%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 153.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.05 153.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.05 153.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.29 141.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.29 141.10 Td ( in connection with employees impacted by management's alignment of the business with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (strategic objectives. ) Tj ET Q q 0 0 0 rg BT 131.73 129.10 Td (W) Tj ET Q q 0 0 0 rg BT 140.37 129.10 Td (e expect a continued decrease in Payroll and benefits going forward as we realize the full year benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (actions taken during 2016 to continue to align personnel with our strategic objectives.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 91.76699218750002 m 131.0791015625 91.76699218750002 l s q 0 0 0 rg BT 50.00 93.10 Td (Rent and occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.08 93.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (Rent and occupancy expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.18 81.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.59 81.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.37 81.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.37 81.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.07 81.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.07 81.10 Td ( primarily due to the shutdown of our BCSI, LLC \("BCSI"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 69.10 Td (fice and fabrication facilities in the fourth quarter of 2015. During the first quarter of 2016, we entered into an agreement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (terminate various lease agreements covering approximately 207 thousand square feet of manufacturing, warehouse and of) Tj ET Q q 0 0 0 rg BT 537.14 57.10 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (space in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 142.76 45.10 Td (As consideration for terminating the leases, we agreed to pay the lessor a termination fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.24 45.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.13 45.10 Td ( ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.73 742.10 Td (April 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 742.10 Td ( and the same amount in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.76 742.10 Td (April 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.37 742.10 Td (. During the first quarter of 2016, we recorded a gain of $0.2 million related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.64 730.10 Td (ference between the amount accrued as of the cease-use date of December 31, 2015 and the settlement amount. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December 2016, we entered into an agreement to terminate approximately 37 thousand square feet of of) Tj ET Q q 0 0 0 rg BT 465.77 718.10 Td (fice space and relocate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our corporate of) Tj ET Q q 0 0 0 rg BT 114.23 706.10 Td (fice in Colorado. For terminating the lease, we agreed to pay the lessor a termination fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.05 706.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.94 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 534.76 706.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (amount was paid in full in December 2016.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 668.7669921875 m 159.90234375 668.7669921875 l s q 0 0 0 rg BT 50.00 670.10 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 670.10 Td (ofessional fees) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.90 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Legal and professional fees expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.78 658.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.19 658.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 658.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.68 658.10 Td ( compared to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 646.10 Td ( as a result of a reduction in the professional resources deployed to address the Restatement of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (consolidated financial statements, including the SEC Inquiry and related private litigation. Expenses related to the Restatement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 622.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.99 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.43 622.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.43 622.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.86 622.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.19 622.10 Td ($9.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.08 622.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 451.74 622.10 Td (. In addition, legal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (professional fees decreased as a result of a reduction in other consulting fees during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.91 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.49 610.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 584.7669921875 m 160.5419921875 584.7669921875 l s q 0 0 0 rg BT 50.00 586.10 Td (General and administrative) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.54 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (General and administrative expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.39 574.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.80 574.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.58 574.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.58 574.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.28 574.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.28 574.10 Td ( due to a $0.5 million allowance recorded during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (2015 against the entire principal balance of a note receivable. ) Tj ET Q q 0 0 0 rg BT 297.39 562.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 347.29 562.10 Td (, during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.70 562.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.29 562.10 Td (, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (was a decrease in expenses of $1.6 million due to the shutdown of our BCSI of) Tj ET Q q 0 0 0 rg BT 365.87 550.10 Td (fice and fabrication facilities in the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (quarter of 2015. Other decreases during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.13 538.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.71 538.10 Td ( were due to decreases in general operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (expenses, including travel and professional expenses. ) Tj ET Q q 0 0 0 rg BT 265.87 526.10 Td (These decreases were partially of) Tj ET Q q 0 0 0 rg BT 398.95 526.10 Td (fset by impairment char) Tj ET Q q 0 0 0 rg BT 494.01 526.10 Td (ges recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 514.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.99 514.10 Td ( on property and equipment and inventory of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.61 514.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.51 514.10 Td (, as projected future cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (flows from operations related to such property and equipment and inventory did not support the carrying value of these assets. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 476.7669921875 m 174.5849609375 476.7669921875 l s q 0 0 0 rg BT 50.00 478.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 478.10 Td (ch and development, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.58 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Research and development expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.94 466.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.36 466.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.13 466.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.13 466.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.84 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.84 466.10 Td ( primarily due to a decrease in research and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (development activities, as we have concluded all material R&D activities except for continued product development necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (to our ongoing business. ) Tj ET Q q 0 0 0 rg BT 150.10 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.74 442.10 Td (e also reduced R&D expense by $0.8 million during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.61 442.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.19 442.10 Td ( due to final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (billings made during this period to the DOE for one R&D contract which resulted in negative expense during 2016. ) Tj ET Q q 0 0 0 rg BT 513.79 430.10 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (decreases in R&D expense were due to expenses incurred during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.13 418.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.13 418.10 Td ( related to our investment in ) Tj ET Q q 0 0 0 rg BT 446.55 418.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 467.66 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.61 418.10 Td (Analytics of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.26 418.10 Td ($2.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 406.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.66 406.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.55 406.10 Td ( related to the impairment char) Tj ET Q q 0 0 0 rg BT 293.37 406.10 Td (ge we recognized in the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.86 406.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.86 406.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 380.7669921875 m 173.5107421875 380.7669921875 l s q 0 0 0 rg BT 50.00 382.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 382.10 Td (eciation and amortization) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.51 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Depreciation and amortization expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.82 370.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.24 370.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.02 370.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.02 370.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.72 370.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.72 370.10 Td ( by approximately $0.8 million due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (shutdown of our BCSI of) Tj ET Q q 0 0 0 rg BT 150.93 358.10 Td (fice and fabrication facility in the fourth quarter of 2015 and by approximately $0.2 million due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (termination of the Highview technology license. See further discussion of the termination of the Highview technology license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 334.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 334.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 310.10 Td ( Income \(Expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 298.10 Td ( summary of the components of our other income \(expenses\), net for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.23 298.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.81 298.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.25 298.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.25 298.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 241.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 241.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 211.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 211.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 181.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 181.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 151.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 151.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 151.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 151.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 262.6 m 384.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 262.6 m 388.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 262.6 m 443.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 262.6 m 502.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 262.6 m 506.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 262.6 m 561.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 241.60000000000002 m 325.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 262.6 m 384.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 241.60000000000002 m 384.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 262.6 m 388.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 262.6 m 443.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 241.60000000000002 m 443.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 241.60000000000002 m 502.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 241.60000000000002 m 561.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 241.60000000000002 m 384.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 241.60000000000002 m 443.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 241.60000000000002 m 502.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 241.60000000000002 m 561.5 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 136.60000000000002 m 384.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 122.60000000000002 m 384.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 120.60000000000002 m 384.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 136.60000000000002 m 443.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 122.60000000000002 m 443.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 120.60000000000002 m 443.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 136.60000000000002 m 502.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 122.60000000000002 m 502.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 120.60000000000002 m 502.5 120.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.05 266.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 266.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 245.85 Td (\(Amounts in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 245.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 245.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 245.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 245.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 232.17 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 217.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 216.27 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 216.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 216.27 Td (36,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 216.27 Td (411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 216.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 202.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 201.27 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 201.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 201.32 Td (\(4,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 201.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 201.27 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 201.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 187.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 186.27 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 186.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 186.27 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 186.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 172.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 171.32 Td (\(5,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 171.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 171.32 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 171.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 171.27 Td (3,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 171.27 Td (\(40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 171.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 157.17 Td (Litigation settlement and royalty indemnity expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 156.27 Td (3,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 156.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 156.27 Td (3,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 156.27 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 142.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 141.27 Td (2,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 141.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 141.27 Td (1,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 141.27 Td (399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 141.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 127.17 Td (Total other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 126.27 Td (52,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 126.27 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 126.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 126.27 Td (41,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 126.27 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 126.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (* Calculation not meaningful) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 204.9755859375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The following table presents the equity method earnings, by investee, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.34 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.92 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.36 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.36 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 693.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 693.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 663.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 663.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 663.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 663.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 706.6 m 369.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 706.6 m 497.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 706.6 m 501.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 706.6 m 561.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 693.6 m 305.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 706.6 m 369.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 693.6 m 369.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 706.6 m 433.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 693.6 m 433.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 693.6 m 497.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 693.6 m 561.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 693.6 m 433.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 648.6 m 369.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 634.6 m 369.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 632.6 m 369.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 648.6 m 433.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 634.6 m 433.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 632.6 m 433.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 648.6 m 497.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 634.6 m 497.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 632.6 m 497.5 632.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 710.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.85 710.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 697.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.00 697.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 697.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 697.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 697.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 684.17 Td (Earnings from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 683.27 Td (41,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 683.27 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 683.27 Td (32,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 683.27 Td (381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 683.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 669.17 Td (Earnings from Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 668.27 Td (4,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 668.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 668.32 Td (\(347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 668.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.95 668.27 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 668.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 654.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 653.32 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 653.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 653.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 653.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 653.27 Td (4,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 653.27 Td (\(88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 653.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 638.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 638.27 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 638.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 638.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 638.27 Td (36,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 638.27 Td (411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 638.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Earnings from equity method investments, and changes related thereto, are impacted by our equity method investees: ) Tj ET Q q 0 0 0 rg BT 520.79 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 526.55 610.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 80.37 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.13 598.10 Td (inuum Services and RCM6 \(through the date of the sale of our interest in RCM6 on March 3, 2016\). Earnings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.26 586.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.02 586.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.93 586.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.51 586.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.21 586.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.21 586.10 Td ( primarily as a result of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (increase in cash distributions, as ) Tj ET Q q 0 0 0 rg BT 181.46 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.21 574.10 Td (inuum Group did not invest significant capital expenditures related to the installation of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (facilities or incur significant costs to operate retained RC facilities during 2016 as they did during 2015. See discussion below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (regarding the accounting of earnings from ) Tj ET Q q 0 0 0 rg BT 220.87 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.63 550.10 Td (inuum Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 526.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 526.10 Td (, we recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.74 526.10 Td ($41.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.63 526.10 Td ( in equity earnings from ) Tj ET Q q 0 0 0 rg BT 438.04 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.79 526.10 Td (inuum Group compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (our proportionate share of ) Tj ET Q q 0 0 0 rg BT 156.45 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.21 514.10 Td (inuum Group's net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.49 514.10 Td ($35.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.38 514.10 Td ( for the year) Tj ET Q q 0 0 0 rg BT 383.41 514.10 Td (. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.04 514.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.63 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (we recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.52 502.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.41 502.10 Td ( in equity earnings from ) Tj ET Q q 0 0 0 rg BT 257.82 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.58 502.10 Td (inuum Group compared to our proportionate share of ) Tj ET Q q 0 0 0 rg BT 478.34 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.10 502.10 Td (inuum Group's net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.76 490.10 Td ($35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.66 490.10 Td ( for the year) Tj ET Q q 0 0 0 rg BT 194.69 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.51 490.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 228.48 490.10 Td (ference between our pro-rata share of ) Tj ET Q q 0 0 0 rg BT 380.43 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 386.19 490.10 Td (inuum Group's net income and our earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (from our ) Tj ET Q q 0 0 0 rg BT 87.59 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.34 478.10 Td (inuum Group equity method investment as reported on the Condensed Consolidated Statements of Operations relates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (to us receiving cumulative distributions in excess of the carrying value of the investment, and therefore recognizing such excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (distributions as equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 351.77 454.10 Td (, as discussed in more detail below) Tj ET Q q 0 0 0 rg BT 490.26 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (As a result of cash flows from invested RC facilities, ) Tj ET Q q 0 0 0 rg BT 263.94 437.10 Td (T) Tj ET Q q 0 0 0 rg BT 269.70 437.10 Td (inuum Group distributions to us during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.39 437.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 425.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.43 425.10 Td ($41.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 425.10 Td (, which exceeded our pro-rata share of ) Tj ET Q q 0 0 0 rg BT 304.17 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 309.93 425.10 Td (inuum Group's net income, resulting in us having cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (cash distributions that exceeded our cumulative pro-rata share of ) Tj ET Q q 0 0 0 rg BT 311.11 413.10 Td (T) Tj ET Q q 0 0 0 rg BT 316.87 413.10 Td (inuum Group's net income as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.98 413.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.57 413.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (The following table for ) Tj ET Q q 0 0 0 rg BT 145.35 396.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.10 396.10 Td (inuum Group presents our investment balance, equity earnings, cash distributions received and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (distributions in excess of the investment balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.20 384.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.78 384.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.22 384.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.22 384.10 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.05 384.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.89 384.10 Td (\). ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 312.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 312.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 312.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 312.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 312.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 312.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 312.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 312.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 312.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 312.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 266.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 266.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 266.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 266.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 266.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 266.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 266.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 266.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 266.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 266.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 220.60 194.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 220.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 220.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 220.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 220.60 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 220.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 220.60 55.00 -23.00 re f 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0 rg BT 415.00 110.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 110.06 Td (41,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 110.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 96.06 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 87.06 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 87.06 Td (2016 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.75 87.06 Td (9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 87.06 Td (9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 87.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 87.06 Td (\(9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 87.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 73.06 Td (Total investment balance, equity earnings and cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 64.06 Td (distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.95 64.06 Td (12/31/2016) Tj ET Q BT /F1 9.00 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0 0 rg BT 396.08 742.80 Td (fer from mathematical calculations of the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 732.00 Td (Company) Tj ET Q q 0 0 0 rg BT 87.50 732.00 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.25 732.00 Td (42.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.50 732.00 Td ( equity interest in ) Tj ET Q q 0 0 0 rg BT 181.32 732.00 Td (T) Tj ET Q q 0 0 0 rg BT 186.50 732.00 Td (inuum Group multiplied by the amounts of Net Income available to Class ) Tj ET Q q 0 0 0 rg BT 452.96 732.00 Td (A) Tj ET Q q 0 0 0 rg BT 458.96 732.00 Td ( members as shown in the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 721.20 Td (table above of ) Tj ET Q q 0 0 0 rg BT 103.06 721.20 Td (T) Tj ET Q q 0 0 0 rg BT 108.25 721.20 Td (inuum Group results of operations due to adjustments related to the Class B preferred return and the elimination of ) Tj ET Q q 0 0 0 rg BT 523.23 721.20 Td (T) Tj ET Q q 0 0 0 rg BT 528.41 721.20 Td (inuum ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 710.40 Td (Group earnings attributable to RCM6, of which we owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.46 710.40 Td (24.95%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.21 710.40 Td (, for the period from January 1 to March 3, 2016 and for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 698.40 Td (December 31, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.47 698.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 681.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 681.40 Td (inuum Group's consolidated financial statements as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.45 681.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.04 681.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.48 681.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.48 681.40 Td (, and for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.27 681.40 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 669.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 669.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 669.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 669.40 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 669.40 Td ( are included in Item 15 of this Report. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.40 Td (Equity earnings from our interest in ) Tj ET Q q 0 0 0 rg BT 195.34 652.40 Td (T) Tj ET Q q 0 0 0 rg BT 201.10 652.40 Td (inuum Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.53 652.40 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.95 652.40 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.95 652.40 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.84 652.40 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.62 652.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.62 652.40 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 652.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 652.40 Td ( primarily due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.40 Td (decrease in the number of RC facilities being operated by ) Tj ET Q q 0 0 0 rg BT 282.51 640.40 Td (T) Tj ET Q q 0 0 0 rg BT 288.27 640.40 Td (inuum Services throughout the year) Tj ET Q q 0 0 0 rg BT 430.46 640.40 Td (. ) Tj ET Q q 0 0 0 rg BT 435.28 640.40 Td (The weighted-average number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.40 Td (of RC facilities for which ) Tj ET Q q 0 0 0 rg BT 154.52 628.40 Td (T) Tj ET Q q 0 0 0 rg BT 160.27 628.40 Td (inuum Services provided operating and maintenance services, based upon the number of months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.40 Td (each facility was operated during the respective years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.07 616.40 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.48 616.40 Td ( year over year) Tj ET Q q 0 0 0 rg BT 367.61 616.40 Td (. ) Tj ET Q q 0 0 0 rg BT 372.06 616.40 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 616.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.09 616.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.53 616.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.53 616.40 Td (, ) Tj ET Q q 0 0 0 rg BT 519.35 616.40 Td (T) Tj ET Q q 0 0 0 rg BT 525.10 616.40 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.40 Td (Services provided operating and maintenance services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 604.40 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.64 604.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.08 604.40 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.08 604.40 Td ( RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 424.51 604.40 Td (. ) Tj ET Q q 0 0 0 rg BT 429.33 604.40 Td (T) Tj ET Q q 0 0 0 rg BT 435.08 604.40 Td (inuum Services derives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.40 Td (earnings from both fixed-fee arrangements as well as fees that are tied to actual RC production, depending upon the specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.40 Td (RC facility operating and maintenance agreement. ) Tj ET Q q 0 0 0 rg BT 253.35 580.40 Td (The reduction in operating facilities during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.40 Td (2016 compared to the year ended December 31, 2015 was due to suspending operations on retained facilities to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.40 Td (operating expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.40 Td (During February 2014, we purchased a membership interest in RCM6 and recognized equity method losses in all subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.40 Td (reporting periods resulting from the operation of the RC facility owned by RCM6; although, RCM6 produced and sold RC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.40 Td (which generated tax credits and tax benefits that were available to us. Equity losses from our interest in RCM6 decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 503.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.99 503.40 Td ( compared to the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.08 503.40 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.08 503.40 Td ( due to the sale of our 24.95% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.40 Td (membership interest in RCM6 on March 3, 2016 for a cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.61 491.40 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 491.40 Td ( and assumption by the buyer of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.40 Td (outstanding note payable made by us in connection with our purchase of RCM6 membership interests from ) Tj ET Q q 0 0 0 rg BT 481.40 479.40 Td (T) Tj ET Q q 0 0 0 rg BT 487.15 479.40 Td (inuum Group in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.40 Td (February 2014. ) Tj ET Q q 0 0 0 rg BT 113.05 467.40 Td (As a result of the sale, we are no longer a member of RCM6 and are no longer subject to any quarterly capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.40 Td (calls and variable payments to RCM6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.40 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 438.40 Td (e earned the following tax credits that may be available for future benefit related to the production of RC from the operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.40 Td (of retained RC facilities: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 389.90 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 389.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 389.90 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 389.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 389.90 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 402.9 m 482.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 402.9 m 486.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 402.9 m 561.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 389.9 m 403.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 402.9 m 482.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 389.9 m 482.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 402.9 m 486.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 389.9 m 486.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 402.9 m 561.5 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 389.9 m 561.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 389.9 m 403.5 389.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.05 407.13 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 394.15 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 394.13 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.50 394.13 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 379.57 Td (Section 45 tax credits earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 379.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 379.57 Td (2,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 379.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 379.57 Td (38,998) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.40 Td (The decrease in production and sale of RC, and the related tax credits earned during the year ended December 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.40 Td (compared to December 31, 2015 was due to the suspension of retained RC facilities, as described above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.40 Td (As discussed in Item 1 of this Report, ) Tj ET Q q 0 0 0 rg BT 202.86 329.40 Td (T) Tj ET Q q 0 0 0 rg BT 208.62 329.40 Td (inuum Group operates and leases or sells facilities used in the production and sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.40 Td (RC to third party tax equity investors. ) Tj ET Q q 0 0 0 rg BT 203.32 317.40 Td (All dispositions of such facilities are treated as sales for federal income tax purposes at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 305.40 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 114.18 305.40 Td (The resulting gain from these sales is reported by ) Tj ET Q q 0 0 0 rg BT 313.67 305.40 Td (T) Tj ET Q q 0 0 0 rg BT 319.43 305.40 Td (inuum Group pursuant to the installment method under IRC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.40 Td (Section 453. ) Tj ET Q q 0 0 0 rg BT 101.94 293.40 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.39 293.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.97 293.40 Td (, ) Tj ET Q q 0 0 0 rg BT 209.42 293.40 Td (ADES) Tj ET Q q 0 0 0 rg BT 238.31 293.40 Td (s allocable share of the gross deferred installment gain from ) Tj ET Q q 0 0 0 rg BT 480.27 293.40 Td (T) Tj ET Q q 0 0 0 rg BT 486.03 293.40 Td (inuum Group to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.40 Td (recognized in future years is approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 281.40 Td ($204 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.44 281.40 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.40 Td (Due to the production and sale of RC from the operation of retained RC facilities, ) Tj ET Q q 0 0 0 rg BT 379.17 264.40 Td (T) Tj ET Q q 0 0 0 rg BT 384.93 264.40 Td (inuum Group has generated PTCs under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.40 Td (IRC Section 45 and IRC Section 38. ) Tj ET Q q 0 0 0 rg BT 197.59 252.40 Td (These Section 45 and Section 38 tax credits qualify as General Business Credits \("GBC"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.40 Td (These GBC's are allocated to the owners of ) Tj ET Q q 0 0 0 rg BT 225.45 240.40 Td (T) Tj ET Q q 0 0 0 rg BT 231.21 240.40 Td (inuum Group, including us, who may benefit to the extent that the GBC's are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.40 Td (realized from the operation of retained RC facilities. ) Tj ET Q q 0 0 0 rg BT 261.31 228.40 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.75 228.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.34 228.40 Td (, we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.69 228.40 Td ($99.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.58 228.40 Td ( in GBC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.40 Td (carryforwards and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.52 216.40 Td ($31.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.41 216.40 Td ( of federal net operating loss \("NOL's"\) carryforwards. Unused NOL's and GBC's may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.40 Td (carried forward 20 years from the tax year in which they are generated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.40 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.40 Td (In the hypothetical event of an ownership change, as defined by IRC Section 382, utilization of the NOL's and tax credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.40 Td (generated prior to the change would be subject to an annual limitation imposed by IRC Section 382 for NOL's and IRC Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.40 Td (383 for tax credits. ) Tj ET Q q 0 0 0 rg BT 127.85 156.40 Td (The results of a recent analysis indicated that we had not experienced an ownership change as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.40 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 144.40 Td (, as defined by IRC Section 382. Such analysis for the period from January 1, 2017 through the date of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.40 Td (filing has not been completed. ) Tj ET Q q 0 0 0 rg BT 173.12 132.40 Td (Therefore, it is possible that we experienced an ownership change between January 1, 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.40 Td (the date of this filing, thus subjecting our NOL) Tj ET Q q 0 0 0 rg BT 237.10 120.40 Td ( and GBC carryforwards to limitation. Should a limitation exist, however) Tj ET Q q 0 0 0 rg BT 529.42 120.40 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.40 Td (would likely be in a position to substantially increase the limitation amount by virtue of our approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.08 108.40 Td ($204 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.47 108.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.40 Td (deferred installment sale gain at ) Tj ET Q q 0 0 0 rg BT 180.04 96.40 Td (T) Tj ET Q q 0 0 0 rg BT 185.80 96.40 Td (inuum Group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.40 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 72.40 Td (, IRC Section 382 provides that a corporation with a net unrealized built-in gain \("NUBIG"\) immediately before an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.40 Td (ownership change may increase its limitation by the amount of recognized built-in gain \("RBIG"\) arising from the sale of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.40 Td (built-in gain asset during a recognition period, which is generally the five-year period immediately following an ownership ) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (change. Built-in gain reported on the installment sale method that is attributable to assets sold by the corporation before or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (during the recognition period may increase the corporation) Tj ET Q q 0 0 0 rg BT 287.97 730.10 Td (s limitation during and after the recognition period. ) Tj ET Q q 0 0 0 rg BT 495.24 730.10 Td (Therefore, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (likely that any IRC Section 382 limitation imposed upon an ownership change may be increased by our share of RBIG from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 706.10 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 112.14 706.10 Td (s installment sale gain attributable to RC facilities sold before or during the period in which the change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (ownership occurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (There are numerous assumptions that must be considered in calculating the RBIG related to ) Tj ET Q q 0 0 0 rg BT 419.16 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.92 670.10 Td (inuum Group and the increase to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (our IRC Section 382 limitation. ) Tj ET Q q 0 0 0 rg BT 178.33 658.10 Td (Assuming the following assumptions below) Tj ET Q q 0 0 0 rg BT 353.23 658.10 Td (, we may be able to increase the total limitation by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 646.10 Td ($204 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 646.10 Td ( over the duration of the installment sale. ) Tj ET Q q 0 0 0 rg BT 327.44 646.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.88 646.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.47 646.10 Td (, after increasing the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (hypothetical limitation, we would likely not have been able to utilize $10 million of tax credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.87 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.62 610.10 Td (inuum Group RBIG is a result of the sale of RC facilities by ) Tj ET Q q 0 0 0 rg BT 352.46 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 358.22 610.10 Td (inuum Group and its election to utilize the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (installment sale method for tax purposes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Investors in RC facilities will not terminate existing contracts as completion of an installment sale transaction is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (necessary to realize RBIG;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 562.10 Td (e have no net unrealized built-in loss to of) Tj ET Q q 0 0 0 rg BT 262.74 562.10 Td (fset the NUBIG from ) Tj ET Q q 0 0 0 rg BT 350.32 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.08 562.10 Td (inuum Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Our RBIG is equal to the deferred gain allocated from ) Tj ET Q q 0 0 0 rg BT 304.63 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 310.39 550.10 Td (inuum Group or) Tj ET Q q 0 0 0 rg BT 374.43 550.10 Td (, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.69 550.10 Td ($204 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.08 550.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 538.10 Td (e will have a NUBIG immediately before a hypothetical ownership change such that the ) Tj ET Q q 0 0 0 rg BT 449.34 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 455.10 538.10 Td (inuum Group RBIG is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (available to increase the IRC Section 382 limitation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 514.10 Td (e will continue our historic business operations for at least two years following a hypothetical ownership change; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 490.10 Td ( second ownership change does not occur) Tj ET Q q 0 0 0 rg BT 258.18 490.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The annual limitation will be increased by the amount of RBIG that is included in taxable income each year) Tj ET Q q 0 0 0 rg BT 480.42 466.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Additional information related to equity method investments can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 442.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.59 442.10 Td ( to the Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (included in Item 8 of this Report. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 404.7669921875 m 143.7744140625 404.7669921875 l s q 0 0 0 rg BT 50.00 406.10 Td (Royalties, r) Tj ET Q q 0 0 0 rg BT 95.73 406.10 Td (elated party) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.77 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 394.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 394.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 394.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 394.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.96 394.10 Td (16.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.85 394.10 Td ( tons and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.46 394.10 Td (22.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.35 394.10 Td ( tons, respectively) Tj ET Q q 0 0 0 rg BT 521.18 394.10 Td (, of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (produced using M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.10 386.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.85 382.10 Td ( and M-45-PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 203.07 386.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.44 382.10 Td (technologies, which ) Tj ET Q q 0 0 0 rg BT 296.74 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 302.50 382.10 Td (inuum Group licenses from us. ) Tj ET Q q 0 0 0 rg BT 428.41 382.10 Td (The decrease was primarily due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (to a decrease in the number of RC facilities producing RC with our technologies, specifically the suspension of retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (operations at facilities during the fourth quarter of 2015 and the first quarter of 2016 to reduce operating expenses and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (decrease in the tons of refined coal produced. ) Tj ET Q q 0 0 0 rg BT 233.54 346.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 283.44 346.10 Td (, as the royalties are earned on a percentage of the per) Tj ET Q q 0 0 0 rg BT 498.13 346.10 Td (-ton, pre-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 334.10 Td (gin net of certain allocable operating expenses related to the lease or sale of an invested RC facility) Tj ET Q q 0 0 0 rg BT 461.51 334.10 Td (, which produces and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (sells RC using the M-45 License, the increase in operating expenses of ) Tj ET Q q 0 0 0 rg BT 335.58 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 341.34 322.10 Td (inuum Group due to payments made to secure the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (location for an RC facility) Tj ET Q q 0 0 0 rg BT 154.32 310.10 Td (, while waiting to sell or lease the project to a tax equity investor) Tj ET Q q 0 0 0 rg BT 412.74 310.10 Td (, also decreased the royalty we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 81.09 298.10 Td (As a result of increases in the average number of invested facilities, we anticipate that 2017 royalties will increase from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (the level of 2016 royalties.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 260.7669921875 m 114.3212890625 260.7669921875 l s q 0 0 0 rg BT 50.00 262.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 262.10 Td (est expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.32 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 250.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 250.10 Td ( interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.36 250.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.77 250.10 Td ( compared to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.27 250.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.86 250.10 Td ( due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (decrease in 453A) Tj ET Q q 0 0 0 rg BT 118.86 238.10 Td ( interest and the elimination of the RCM6 note payable. ) Tj ET Q q 0 0 0 rg BT 343.91 238.10 Td (These decreases were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.02 238.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.91 238.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.35 238.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.24 238.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 226.10 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.62 226.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.21 226.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.91 226.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.91 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.73 226.10 Td (These decreases were of) Tj ET Q q 0 0 0 rg BT 432.99 226.10 Td (fset by an increase in interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.54 214.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.43 214.10 Td ( related to the credit agreement for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.13 214.10 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.02 214.10 Td ( short-term loan with a related party \(the "Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Agreement"\), which was entered into during the fourth quarter of 2015 and was paid of) Tj ET Q q 0 0 0 rg BT 399.07 202.10 Td (f as of June 30, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 178.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 178.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.92 178.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.92 178.10 Td (, there was an increase in RC facilities in which ) Tj ET Q q 0 0 0 rg BT 487.73 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 493.49 178.10 Td (inuum Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (recognized installment sales for tax purposes from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.11 166.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.11 166.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.88 166.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 166.10 Td (. IRC section 453A) Tj ET Q q 0 0 0 rg BT 363.55 166.10 Td ( requires taxpayers using the installment method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (to pay an interest char) Tj ET Q q 0 0 0 rg BT 138.12 154.10 Td (ge on the portion of the tax liability that was deferred under the installment method. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table shows the balance of the tax liability that has been deferred and the applicable interest rate to calculate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (section 453A) Tj ET Q q 0 0 0 rg BT 102.50 730.10 Td ( interest:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 693.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 693.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 706.6 m 483.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 706.6 m 562.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 693.6 m 404.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 706.6 m 483.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 693.6 m 483.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 706.6 m 487.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 693.6 m 487.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 706.6 m 562.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 693.6 m 562.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 693.6 m 404.5 693.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 710.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 697.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 697.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 697.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 683.27 Td (ax liability deferred on installment sales ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 221.14 687.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 683.27 Td (71,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 683.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 683.27 Td (111,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 668.27 Td (Interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 668.27 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 668.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 668.27 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 668.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 641.30 Td (\(1\) Represents the approximate tax ef) Tj ET Q q 0 0 0 rg BT 185.04 641.30 Td (fected liability related to the deferred gain on installment sales \(approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.18 641.30 Td ($204 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.43 641.30 Td ( as of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 629.30 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.73 629.30 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.97 629.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 603.9669921875 m 358.9990234375 603.9669921875 l s q 0 0 0 rg BT 50.00 605.30 Td (Revision of estimated litigation settlement and r) Tj ET Q q 0 0 0 rg BT 241.27 605.30 Td (oyalty indemnity expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.30 Td (During the fourth quarter of 2016, management revised its estimate for future Royalty ) Tj ET Q q 0 0 0 rg BT 396.02 593.30 Td (A) Tj ET Q q 0 0 0 rg BT 402.32 593.30 Td (ward payments based on an updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.30 Td (forecast provided to the Company by a former equity method investment for which we are required to pay additional damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.30 Td (related to certain future revenues generated from the former equity method investment. ) Tj ET Q q 0 0 0 rg BT 400.51 569.30 Td (This forecast included a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.30 Td (reduction in estimated future revenues generated at the specific activated carbon plant from which the royalties are generated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.30 Td (Based primarily on the updated forecast, management recorded a $4.0 million reduction to its Royalty ) Tj ET Q q 0 0 0 rg BT 460.17 545.30 Td (A) Tj ET Q q 0 0 0 rg BT 466.47 545.30 Td (ward accrual as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 533.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.30 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 509.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 509.30 Td (, we recorded an expense for the estimated payment of monetary penalties in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.30 Td (connection with the SEC Inquiry in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.47 497.30 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.36 497.30 Td (. For additional details related to both of these matters, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.68 497.30 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.30 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 485.30 Td ( of the Consolidated Financial Statements included in Item 8 of this Report. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 459.9669921875 m 73.330078125 459.9669921875 l s q 0 0 0 rg BT 50.00 461.30 Td (Other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 449.30 Td (Gain on sale of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.30 Td (On March 3, 2016, we sold our 24.95% membership interest in RCM6 for a cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.82 437.30 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.71 437.30 Td ( and the assumption, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.30 Td (by the buyer) Tj ET Q q 0 0 0 rg BT 99.58 425.30 Td (, of the note payable, which we entered into in connection with our purchase of RCM6 membership interests from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.30 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 413.30 Td (inuum Group in February 2014. ) Tj ET Q q 0 0 0 rg BT 185.56 413.30 Td (The outstanding balance on the note payable at the time of the sale was $13.2 million. ) Tj ET Q q 0 0 0 rg BT 531.40 413.30 Td (W) Tj ET Q q 0 0 0 rg BT 540.43 413.30 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.30 Td (the sale of our membership interest in RCM6, we recognized a gain on the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.07 401.30 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.96 401.30 Td (, which is included within the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.28 401.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.77 389.30 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.03 389.30 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.39 389.30 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.86 389.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.44 389.30 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 365.30 Td (Gain on settlement of note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.30 Td (As of December 31, 2014, we terminated the consulting portion of our agreements with the DSI Business Owner) Tj ET Q q 0 0 0 rg BT 500.74 353.30 Td (. Originally) Tj ET Q q 0 0 0 rg BT 546.19 353.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.30 Td (we were required to make all remaining payments, structured as a note payable, through the third quarter of 2017. In February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.30 Td (2016, we entered into an agreement with the DSI Business Owner to settle the remaining amounts owed of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.88 329.30 Td ($1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 317.30 Td ( for a one-time payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.30 317.30 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.19 317.30 Td (. ) Tj ET Q q 0 0 0 rg BT 242.01 317.30 Td (The one-time payment was made during the first quarter of 2016, and we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.30 Td (recognized a gain of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.11 305.30 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 305.30 Td (, which is included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 305.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 305.30 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.07 305.30 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.30 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 293.30 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.34 293.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.92 293.30 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 269.30 Td (Gain on settlement of licensed technology obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.30 Td (On June 15, 2016, we entered into an agreement with Highview to terminate a license agreement in exchange for a one-time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.30 Td (payment by us of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.66 245.30 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.55 245.30 Td ( \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.64 245.30 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.53 245.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 293.31 245.30 Td (According to the agreement, this payment will only be made upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.30 Td (the sale of our shares in Highview to satisfy the liability) Tj ET Q q 0 0 0 rg BT 273.19 233.30 Td (. ) Tj ET Q q 0 0 0 rg BT 277.64 233.30 Td (As a result of terminating this license agreement, we eliminated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.30 Td (licensed technology asset, reduced the corresponding long-term liability to the amount of the one-time payment, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.30 Td (recognized a gain of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.11 209.30 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 209.30 Td (, which is included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 209.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 209.30 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.07 209.30 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.30 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 197.30 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.34 197.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.92 197.30 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 173.30 Td (Impairment of cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.30 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 161.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 161.30 Td (, we estimated the fair value of the cost method investment based upon an anticipated equity raise by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.30 Td (Highview at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.91 149.30 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.41 149.30 Td ( per share, which was less than our cost per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.62 149.30 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.12 149.30 Td (. ) Tj ET Q q 0 0 0 rg BT 401.57 149.30 Td (As a result, we recorded an impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.30 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 137.30 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.79 137.30 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 137.30 Td (, which is included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.72 137.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.49 137.30 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.76 137.30 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.12 137.30 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 125.30 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 101.30 Td (Gain on lease termination) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.30 Td (On September 30, 2016, we and the lessee terminated a sale-type lease, and we recorded a lease termination fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.09 89.30 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.98 89.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.30 Td (which was in excess of the carrying value of the net investment in sales-type lease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.11 77.30 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 77.30 Td (. ) Tj ET Q q 0 0 0 rg BT 445.45 77.30 Td (As a result of this lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.30 Td (termination, we recognized a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.11 65.30 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 65.30 Td (, which is included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.04 65.30 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 65.30 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.07 65.30 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.30 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 53.30 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.34 53.30 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.92 53.30 Td (. ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Income tax \(benefit\) expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.92 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 725.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 725.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 725.25 Td (, we had a valuation allowance recorded of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 725.25 Td ($75.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.44 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.88 725.25 Td ($148.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.77 725.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 551.44 725.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (against our deferred tax assets. During 2016, we recorded an income tax benefit of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.66 713.25 Td (60.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.55 713.25 Td ( compared to an income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.54 701.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.74 701.25 Td ( for 2015. ) Tj ET Q q 0 0 0 rg BT 154.22 701.25 Td (The income tax benefit for 2016 primarily reflects a $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.42 701.25 Td (61.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.31 701.25 Td ( reversal of the valuation allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (of our deferred tax assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (Accounting for income taxes requires that companies assess whether a valuation allowance should be recorded against their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (deferred tax asset based on an assessment of the amount of the deferred tax asset that is more likely than not to be realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 648.25 Td (aluation allowances are established, when necessary) Tj ET Q q 0 0 0 rg BT 264.27 648.25 Td (, to reduce deferred tax assets to the amount that is more likely than not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (be realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 619.25 Td (e assess the valuation allowance recorded against deferred tax assets at each reporting date. ) Tj ET Q q 0 0 0 rg BT 425.80 619.25 Td (The determination of whether a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (valuation allowance for deferred tax assets is appropriate requires the evaluation of positive and negative evidence that can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (objectively verified. Consideration must be given to all sources of taxable income available to realize the deferred tax asset, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (including, as applicable, the future reversal of existing temporary dif) Tj ET Q q 0 0 0 rg BT 324.45 583.25 Td (ferences, future taxable income forecasts exclusive of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (reversal of temporary dif) Tj ET Q q 0 0 0 rg BT 149.50 571.25 Td (ferences and carryforwards, taxable income in carryback years and tax planning strategies. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (estimating taxes, we assess the relative merits and risks of the appropriate tax treatment of transactions taking into account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (statutory) Tj ET Q q 0 0 0 rg BT 84.35 547.25 Td (, judicial, and regulatory guidance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 530.25 Td (e have historically recorded a valuation allowance for all of our deferred tax assets primarily due to a historical three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (cumulative loss position. However) Tj ET Q q 0 0 0 rg BT 188.47 518.25 Td (, we concluded that, as of December31, 2016, it is more likely than not we will generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 506.25 Td (ficient taxable income within the applicable NOL) Tj ET Q q 0 0 0 rg BT 259.93 506.25 Td ( and tax credit carry-forward periods to realize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.73 506.25 Td ($61.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.62 506.25 Td ( of our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (deferred tax assets and, therefore, reversed the valuation allowance by this amount. ) Tj ET Q q 0 0 0 rg BT 384.97 494.25 Td (This conclusion was reached after weighing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (all of the evidence and determining that the positive evidence outweighed the negative evidence. ) Tj ET Q q 0 0 0 rg BT 438.84 482.25 Td (The positive evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (considered by management in arriving at its conclusion to partially reverse the valuation allowance includes factors such as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (emer) Tj ET Q q 0 0 0 rg BT 69.80 458.25 Td (gence from the previous three-year cumulative loss position during the fourth quarter of 2016, achievement of four ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (consecutive quarters of profitability and forecasts of continued future profitability under several potential scenarios derived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (from currently contracted business within the RC segment. ) Tj ET Q q 0 0 0 rg BT 287.82 434.25 Td (W) Tj ET Q q 0 0 0 rg BT 296.46 434.25 Td (e believe these factors support the partial utilization of deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (tax assets attributable to temporary dif) Tj ET Q q 0 0 0 rg BT 203.38 422.25 Td (ferences that do not expire and NOLs and tax credits prior to their expiration between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 410.25 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.11 410.25 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.11 410.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 393.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 96.65 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.20 393.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 148.84 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.84 393.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 207.15 393.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 243.23 393.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.23 393.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.33 393.25 Td (that ) Tj ET Q q 0 0 0 rg BT 302.10 393.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 339.31 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.87 393.25 Td (be ) Tj ET Q q 0 0 0 rg BT 362.08 393.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 393.18 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.74 393.25 Td (a ) Tj ET Q q 0 0 0 rg BT 410.95 393.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 450.94 393.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 494.25 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 503.69 393.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 544.78 393.25 Td (on ) Tj ET Q q 0 0 0 rg BT 557.56 393.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 88.59 381.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 111.09 381.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.37 381.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 163.85 381.25 Td (if ) Tj ET Q q 0 0 0 rg BT 172.46 381.25 Td (there ) Tj ET Q q 0 0 0 rg BT 194.95 381.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.65 381.25 Td (any ) Tj ET Q q 0 0 0 rg BT 226.59 381.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 271.30 381.25 Td (events ) Tj ET Q q 0 0 0 rg BT 299.35 381.25 Td (that ) Tj ET Q q 0 0 0 rg BT 316.85 381.25 Td (would ) Tj ET Q q 0 0 0 rg BT 344.35 381.25 Td (af) Tj ET Q q 0 0 0 rg BT 351.93 381.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 369.42 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.14 381.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 412.19 381.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.47 381.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 449.96 381.25 Td (those ) Tj ET Q q 0 0 0 rg BT 473.56 381.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 509.37 381.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.09 381.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.60 364.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 114.98 364.25 Td (that ) Tj ET Q q 0 0 0 rg BT 133.03 364.25 Td (it ) Tj ET Q q 0 0 0 rg BT 141.64 364.25 Td (more ) Tj ET Q q 0 0 0 rg BT 165.23 364.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 191.06 364.25 Td (than ) Tj ET Q q 0 0 0 rg BT 211.33 364.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.16 364.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.21 364.25 Td ($61.4 ) Tj ET Q q 0 0 0 rg BT 270.76 364.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.70 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.08 364.25 Td (net ) Tj ET Q q 0 0 0 rg BT 329.35 364.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 365.71 364.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.98 364.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.36 364.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.97 364.25 Td (be ) Tj ET Q q 0 0 0 rg BT 438.46 364.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 473.15 364.25 Td (is ) Tj ET Q q 0 0 0 rg BT 482.87 364.25 Td (based, ) Tj ET Q q 0 0 0 rg BT 511.19 364.25 Td (among ) Tj ET Q q 0 0 0 rg BT 541.46 364.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 113.10 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.95 352.25 Td (management) Tj ET Q q 0 0 0 rg BT 179.81 352.25 Td (s ) Tj ET Q q 0 0 0 rg BT 186.54 352.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 222.71 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.88 352.25 Td (future ) Tj ET Q q 0 0 0 rg BT 260.59 352.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 292.31 352.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 327.08 352.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 345.47 352.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 381.64 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.81 352.25 Td (future ) Tj ET Q q 0 0 0 rg BT 419.52 352.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 451.24 352.25 Td (income ) Tj ET Q q 0 0 0 rg BT 483.51 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 493.02 352.25 Td (based ) Tj ET Q q 0 0 0 rg BT 518.63 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 531.47 352.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 97.07 340.25 Td (which ) Tj ET Q q 0 0 0 rg BT 124.14 340.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 160.66 340.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 200.50 340.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 256.16 340.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 292.13 340.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 325.31 340.25 Td (scenarios ) Tj ET Q q 0 0 0 rg BT 365.15 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.22 340.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 436.81 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.77 340.25 Td (well ) Tj ET Q q 0 0 0 rg BT 467.63 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 478.59 340.25 Td (external ) Tj ET Q q 0 0 0 rg BT 513.43 340.25 Td (data ) Tj ET Q q 0 0 0 rg BT 532.72 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.35 340.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.42 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.64 328.25 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 138.44 328.25 Td (If ) Tj ET Q q 0 0 0 rg BT 147.65 328.25 Td (events ) Tj ET Q q 0 0 0 rg BT 175.74 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.50 328.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 231.37 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 248.91 328.25 Td (af) Tj ET Q q 0 0 0 rg BT 256.50 328.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.03 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.91 328.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 318.01 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.33 328.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 355.87 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.75 328.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 407.60 328.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.37 328.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 450.75 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.51 328.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 500.27 328.25 Td (will ) Tj ET Q q 0 0 0 rg BT 518.38 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 530.37 328.25 Td (updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 61.20 316.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 104.60 316.25 Td (if ) Tj ET Q q 0 0 0 rg BT 114.13 316.25 Td (any ) Tj ET Q q 0 0 0 rg BT 131.98 316.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 183.18 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.37 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.01 316.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 250.64 316.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 294.59 316.25 Td (are ) Tj ET Q q 0 0 0 rg BT 310.22 316.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 349.45 316.25 Td (If ) Tj ET Q q 0 0 0 rg BT 359.53 316.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 386.83 316.25 Td (results ) Tj ET Q q 0 0 0 rg BT 416.35 316.25 Td (dif) Tj ET Q q 0 0 0 rg BT 427.28 316.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 441.80 316.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 495.21 316.25 Td (from ) Tj ET Q q 0 0 0 rg BT 518.07 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 316.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.09 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.29 304.25 Td (future ) Tj ET Q q 0 0 0 rg BT 125.04 304.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 155.79 304.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 189.59 304.25 Td (even ) Tj ET Q q 0 0 0 rg BT 210.35 304.25 Td (if ) Tj ET Q q 0 0 0 rg BT 218.33 304.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 247.41 304.25 Td (by ) Tj ET Q q 0 0 0 rg BT 259.28 304.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 291.69 304.25 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 360.76 304.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 406.79 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.89 304.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 463.30 304.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 502.39 304.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 544.79 304.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (need ) Tj ET Q q 0 0 0 rg BT 71.52 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.95 292.25 Td (be ) Tj ET Q q 0 0 0 rg BT 94.04 292.25 Td (increased. ) Tj ET Q q 0 0 0 rg BT 136.94 292.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 159.59 292.25 Td (an ) Tj ET Q q 0 0 0 rg BT 171.67 292.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 207.08 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 231.94 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 253.47 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.55 292.25 Td (material ) Tj ET Q q 0 0 0 rg BT 295.96 292.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 329.14 292.25 Td (ef) Tj ET Q q 0 0 0 rg BT 336.73 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.36 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 367.01 292.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.99 292.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.62 292.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 461.04 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.13 292.25 Td (results ) Tj ET Q q 0 0 0 rg BT 506.88 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.86 292.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Conversely) Tj ET Q q 0 0 0 rg BT 94.90 280.25 Td (, ) Tj ET Q q 0 0 0 rg BT 100.07 280.25 Td (better ) Tj ET Q q 0 0 0 rg BT 125.51 280.25 Td (than ) Tj ET Q q 0 0 0 rg BT 145.40 280.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 183.60 280.25 Td (results ) Tj ET Q q 0 0 0 rg BT 212.38 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.49 280.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 271.60 280.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 305.93 280.25 Td (results ) Tj ET Q q 0 0 0 rg BT 334.72 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.83 280.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 378.94 280.25 Td (could ) Tj ET Q q 0 0 0 rg BT 403.83 280.25 Td (result ) Tj ET Q q 0 0 0 rg BT 428.72 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.17 280.25 Td (further ) Tj ET Q q 0 0 0 rg BT 469.05 280.25 Td (releases ) Tj ET Q q 0 0 0 rg BT 503.36 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.81 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 280.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.19 268.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 105.38 268.25 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 151.39 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.80 268.25 Td (any ) Tj ET Q q 0 0 0 rg BT 186.22 268.25 Td (such ) Tj ET Q q 0 0 0 rg BT 207.52 268.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 248.81 268.25 Td (could ) Tj ET Q q 0 0 0 rg BT 274.00 268.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.85 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 303.27 268.25 Td (material ) Tj ET Q q 0 0 0 rg BT 339.00 268.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 373.64 268.25 Td (ef) Tj ET Q q 0 0 0 rg BT 381.23 268.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.19 268.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.17 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.47 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.43 268.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 507.18 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.59 268.25 Td (results ) Tj ET Q q 0 0 0 rg BT 553.68 268.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (See additional discussion in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.88 239.25 Td (Note 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.82 239.25 Td ( of the Consolidated Financial Statements included in Item 8 of this Report. ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 730.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 730.10 Td ( ended December) Tj ET Q q 0 0 0 rg BT 143.50 730.10 Td ( 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.00 730.10 Td ( Compar) Tj ET Q q 0 0 0 rg BT 218.87 730.10 Td (ed to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.83 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 247.94 730.10 Td (ear) Tj ET Q q 0 0 0 rg BT 261.64 730.10 Td ( ended December) Tj ET Q q 0 0 0 rg BT 335.32 730.10 Td ( 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.82 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 706.10 Td (otal Revenue and Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 694.10 Td ( summary of the components of revenues and costs of revenue for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.39 694.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.98 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.42 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.42 694.10 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 649.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 649.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 649.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 649.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 649.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 619.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 619.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 619.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 619.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 619.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 589.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 589.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 589.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 589.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 589.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 559.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 559.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 559.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 559.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 559.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 559.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 559.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 559.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 559.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 509.60 276.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 509.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 509.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 509.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 509.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 509.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 509.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 509.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 509.60 55.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 670.6 m 384.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 670.6 m 388.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 670.6 m 443.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 670.6 m 502.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.6 m 506.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 670.6 m 561.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 649.6 m 325.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 670.6 m 384.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 649.6 m 384.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 670.6 m 388.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 670.6 m 443.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 649.6 m 443.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 649.6 m 502.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 649.6 m 561.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 649.6 m 502.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 649.6 m 561.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 589.6 m 384.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 589.6 m 443.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 589.6 m 502.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 589.6 m 384.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 575.6 m 384.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 573.6 m 384.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 589.6 m 443.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 575.6 m 443.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 573.6 m 443.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 589.6 m 502.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 575.6 m 502.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 573.6 m 502.5 573.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.05 674.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 674.83 Td (Change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 653.85 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.66 653.85 Td (in thousands except per) Tj ET Q q 0 0 0 rg BT 130.13 653.85 Td (centages) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.12 653.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 653.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 653.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 653.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 653.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 640.17 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 625.17 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 624.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 624.27 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 624.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 624.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 624.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 624.27 Td (48,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 624.27 Td (399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 624.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 610.17 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 609.27 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 609.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 609.27 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 609.27 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 609.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 594.27 Td (Consulting services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 594.27 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 594.27 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 594.32 Td (\(2,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 594.27 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 594.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 579.27 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 579.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 579.27 Td (45,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 579.27 Td (271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 579.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 564.27 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 549.27 Td (Equipment sales cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 539.27 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 539.27 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 539.27 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 539.27 Td (36,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 539.27 Td (390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 539.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 524.27 Td (Chemicals cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 514.27 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 514.27 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 514.27 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 514.27 Td (461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.25 514.27 Td (329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 514.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 499.27 Td (Consulting services and other cost of revenue, exclusive of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 489.27 Td (depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 489.27 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 489.27 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 489.32 Td (\(685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 489.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 489.27 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 489.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 459.7669921875 m 115.8251953125 459.7669921875 l s q 0 0 0 rg BT 50.00 461.10 Td (Equipment sales) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.8251953125 459.7669921875 m 264.3115234375 459.7669921875 l s q 0 0 0 rg BT 115.83 461.10 Td ( and Equipment sales cost of r) Tj ET Q q 0 0 0 rg BT 236.56 461.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (During the years ended December31, 2015 and 2014, we entered into four and 25 long-term \(six months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (contracts to supply ) Tj ET Q q 0 0 0 rg BT 127.49 437.10 Td (ACI systems with aggregate contract values including change orders of $5.5 million and $35.8 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 425.10 Td (The total value per contract may change due to the relative sizes of ) Tj ET Q q 0 0 0 rg BT 372.09 425.10 Td (ACI systems and the contracts related thereto. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (During the years ended December31, 2015 and 2014, we completed 32 and 15 ) Tj ET Q q 0 0 0 rg BT 368.24 413.10 Td (ACI systems, recognizing revenues of $51.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (million and $1) Tj ET Q q 0 0 0 rg BT 107.96 401.10 Td (1.1 million and cost of revenue of $38.4 million and $8.1 million, respectively) Tj ET Q q 0 0 0 rg BT 420.59 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.41 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 434.04 401.10 Td (e recognized $0.1 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (zero in loss provisions related to ) Tj ET Q q 0 0 0 rg BT 181.65 389.10 Td (ACI systems contracts during the years ended December31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 538.12 389.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (During the years ended December31, 2015 and 2014, we entered into one and 13 long-term \(6 months or longer\) fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (contracts to supply DSI systems and other material handling equipment with contract values including associated change orders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (of $2.4 million and $10.9 million, respectively) Tj ET Q q 0 0 0 rg BT 235.71 341.10 Td (. ) Tj ET Q q 0 0 0 rg BT 240.53 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.94 341.10 Td (otal value per contract may change due to the relative sizes of DSI systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (and the contracts relate thereto. During the years ended December31, 2015 and 2014, we completed seven and two DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (systems and two and five other material handling equipment systems, recognizing revenues of $7.2 million and $0.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (and cost of revenue of $5.9 million and $0.8 million, respectively) Tj ET Q q 0 0 0 rg BT 311.24 305.10 Td (. Due to potential cost overruns related to certain DSI projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (we expect that the future relationship between revenues and costs may be dissimilar from prior results. ) Tj ET Q q 0 0 0 rg BT 462.75 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 471.39 293.10 Td (e recognized $0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (million and $0.3 million in loss provisions related to DSI systems contracts during the years ended December31, 2015 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (2014, respectively) Tj ET Q q 0 0 0 rg BT 122.66 269.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (The remaining changes were due to other equipment projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 99.99 221.10 Td (ACI and DSI system contracts during 2014 and 2015 was primarily driven by coal-fired power plant utilities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (needed to comply with MA) Tj ET Q q 0 0 0 rg BT 158.87 209.10 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 218.69 209.10 Td ( standards by 2015 or 2016. Revenues related to ) Tj ET Q q 0 0 0 rg BT 413.10 209.10 Td (ACI and DSI system contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (fluctuated due to changes in the number of contracts executed as well as the timing of revenue recognition on contracts, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (is based on substantial completion of the contracts, due to long-lead time requirements for manufacturing, installation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (testing of the equipment. Sales of ) Tj ET Q q 0 0 0 rg BT 185.81 173.10 Td (ACI and DSI equipment continued to decrease in 2015 as many of the respective utilities had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (already reached the date at which they needed to comply with the MA) Tj ET Q q 0 0 0 rg BT 329.34 161.10 Td (TS and MACT) Tj ET Q q 0 0 0 rg BT 389.16 161.10 Td ( standards. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 135.76699218750002 m 92.216796875 135.76699218750002 l s q 0 0 0 rg BT 50.00 137.10 Td (Chemicals) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.216796875 135.76699218750002 m 217.0947265625 135.76699218750002 l s q 0 0 0 rg BT 92.22 137.10 Td ( and Chemicals cost of r) Tj ET Q q 0 0 0 rg BT 189.34 137.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (During the years ended December31, 2015 and 2014, the most significant component of Chemicals revenues and Chemicals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (cost of revenue were chemical sales related to EC technologies. Revenues increased year over year due to an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (average contract revenue. ) Tj ET Q q 0 0 0 rg BT 154.75 101.10 Td (The increase in revenues was also due to our increased focus on selling these products to coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (power plants to be in compliance with applicable regulations. ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 169.7119140625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Consulting services and other) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 169.7119140625 740.7669921875 m 330.9765625 740.7669921875 l s q 0 0 0 rg BT 169.71 742.10 Td ( and Consulting services cost of r) Tj ET Q q 0 0 0 rg BT 303.22 742.10 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 730.10 Td (e provided consulting services related to emissions regulations. Revenues decreased year over year due to a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (average contract revenue, driven by smaller scale consulting contracts with new customers in 2015 and our reduction in force ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of personnel providing consulting services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Additional information related to revenue concentrations and contributions by class and reportable segment can be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Note 18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 670.10 Td ( to the Consolidated Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 646.10 Td ( Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 634.10 Td ( summary of the components of our operating expenses, exclusive of cost of revenue items \(presented above\), for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 622.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.40 622.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 622.10 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 577.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 547.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 517.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 487.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 487.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 598.6 m 385.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 598.6 m 389.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 598.6 m 444.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 598.6 m 503.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 598.6 m 507.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 598.6 m 562.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 577.6 m 326.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 598.6 m 385.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 577.6 m 385.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 598.6 m 389.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 598.6 m 444.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 577.6 m 444.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 577.6 m 503.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 577.6 m 562.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 472.6 m 385.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 458.6 m 385.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 456.6 m 385.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 472.6 m 444.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 458.6 m 444.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 456.6 m 444.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 472.6 m 503.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 458.6 m 503.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 456.6 m 503.5 456.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 602.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 602.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 581.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 581.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 581.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 581.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 581.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.17 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 553.17 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 552.27 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 552.27 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 552.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 552.27 Td (2,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 552.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 552.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 537.27 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 537.27 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 537.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 537.27 Td (841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 537.27 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 537.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 522.27 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 522.27 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 522.27 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 522.27 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 522.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 522.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 507.27 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 507.27 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 507.27 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 507.27 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 507.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 507.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 493.17 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 492.27 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 492.27 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 492.27 Td (3,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 492.27 Td (253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 492.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 478.17 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 477.27 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 477.27 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 477.27 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 477.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 477.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 462.27 Td (56,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 462.27 Td (47,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 462.27 Td (9,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 462.27 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 462.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 432.7669921875 m 130.7275390625 432.7669921875 l s q 0 0 0 rg BT 50.00 434.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 434.10 Td (oll and benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.73 434.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (Payroll and benefits expenses increased in 2015 compared to 2014 due to an increase in restructuring expenses, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (modification and acceleration of equity awards during 2015 in connection with the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 512.98 410.10 Td (ficers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (management's alignment of the business with strategic objectives. Restructuring expenses recorded during 2015 were $8.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (million compared to $3.5 million in 2014, of which $3.4 million was due to the accelerated vesting of modified equity-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (compensation awards for certain terminated employees. Incentive compensation in 2015 compared to 2014 also increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td ($0.6 million due to bonuses awarded during 2015. ) Tj ET Q q 0 0 0 rg BT 253.13 362.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 348.73 362.10 Td (fset by a decrease in overall and executive headcount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (by approximately 30% related to the reduction in force and management's realignment of the business. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 324.7669921875 m 131.0791015625 324.7669921875 l s q 0 0 0 rg BT 50.00 326.10 Td (Rent and occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.08 326.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (Rent and occupancy expenses increased in 2015 compared to 2014 primarily due to $0.8 million in lease termination costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (incurred in 2015 associated with the BCSI facility closure and an increase in insurance expense. ) Tj ET Q q 0 0 0 rg BT 436.36 302.10 Td (These increases were partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 290.10 Td (fset by the termination of a lease relating to warehouse space in the third quarter of 2015 resulting in a $0.1 million reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (of expense. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 252.76699218750002 m 159.90234375 252.76699218750002 l s q 0 0 0 rg BT 50.00 254.10 Td (Legal and pr) Tj ET Q q 0 0 0 rg BT 101.30 254.10 Td (ofessional fees) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.90 254.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (Legal and professional fees expenses increased by $2.2 million in 2015 compared to 2014 as a result of the significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (professional resources deployed to address the Restatement, including the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 397.32 230.10 Td (, which individually increased expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (by $3.3 million, resulting in total 2015 Restatement expenses of $9.5 million. Other increases related to legal fees of $0.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (million and consulting fees of approximately $2.7 million most significantly related to strategic advisory services and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (information technology services. ) Tj ET Q q 0 0 0 rg BT 183.67 194.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 279.27 194.10 Td (fset by a $3.7 million decrease in professional fees for a residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (payment agreement with a former consultant who was involved in the development and deployment of RC technologies, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (expenses related to the termination of the consulting agreement with the former owner of the DSI equipment assets acquired by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (BCSI. ) Tj ET Q q 0 0 0 rg BT 77.05 158.10 Td (The remaining decrease of $0.9 million was due to decreases in various other professional fees during 2015 compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (2014. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 120.76699218750002 m 160.5419921875 120.76699218750002 l s q 0 0 0 rg BT 50.00 122.10 Td (General and administrative) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.54 122.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (General and administrative expenses increased in 2015 compared to 2014 primarily due to modest increases in general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (operating expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 72.76699218750002 m 174.5849609375 72.76699218750002 l s q 0 0 0 rg BT 50.00 74.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 74.10 Td (ch and development, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.58 74.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (Research and development expenses increased in 2015 compared to 2014 mostly due to our investment in ) Tj ET Q q 0 0 0 rg BT 475.45 62.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 496.56 62.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.51 62.10 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 541.66 62.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.29 62.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (recorded gross R&D expenses of $6.7 million and $3.6 million in 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 426.79 50.10 Td (, of) Tj ET Q q 0 0 0 rg BT 439.94 50.10 Td (fset by reimbursements ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (received from the DOE and industry cost share partners of $1.4 million and $2.0 million, respectively) Tj ET Q q 0 0 0 rg BT 455.91 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.73 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.37 742.10 Td (e incurred expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (related to our investment in ) Tj ET Q q 0 0 0 rg BT 161.92 730.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 183.03 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.98 730.10 Td (Analytics of $2.6 million, of which $1.9 million related to the impairment char) Tj ET Q q 0 0 0 rg BT 500.01 730.10 Td (ge we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (recognized in the third quarter of 2015. ) Tj ET Q q 0 0 0 rg BT 208.84 718.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 258.74 718.10 Td (, we incurred $1.2 million related to a liquefied natural gas project that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (assisted in funding during 2015, which was subsequently terminated. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 680.7669921875 m 173.5107421875 680.7669921875 l s q 0 0 0 rg BT 50.00 682.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.18 682.10 Td (eciation and amortization) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.51 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Depreciation and amortization expense increased in 2015 compared to 2014 due to amortization of the Highview technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (license and asset additions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 634.10 Td ( Income \(Expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 622.10 Td ( summary of the components of our other income \(expense\), net for the years ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.92 622.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.92 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.36 622.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.36 622.10 Td ( is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 565.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 565.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 565.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 565.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 535.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 535.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 535.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 535.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 505.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.60 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 475.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 475.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 586.6 m 385.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 586.6 m 389.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 586.6 m 444.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 586.6 m 503.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 586.6 m 507.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 586.6 m 562.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 565.6 m 326.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 586.6 m 385.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 565.6 m 385.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 586.6 m 389.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 586.6 m 444.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 565.6 m 444.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 565.6 m 503.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 565.6 m 562.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 565.6 m 385.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 565.6 m 444.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 565.6 m 503.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 565.6 m 562.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 475.6 m 385.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 461.6 m 385.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 459.6 m 385.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 475.6 m 444.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 461.6 m 444.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 459.6 m 444.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 475.6 m 503.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 461.6 m 503.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 459.6 m 503.5 459.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.05 590.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 590.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 569.85 Td (\(in thousands, except percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 569.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 569.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 569.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 569.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.17 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 541.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 540.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 540.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 540.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 540.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 540.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 540.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 540.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 540.27 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 540.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 526.17 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 525.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 525.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 525.27 Td (4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 525.27 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 525.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 511.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 510.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 510.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 510.32 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 510.27 Td (\(68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 510.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 496.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 495.32 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 495.32 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 495.32 Td (\(2,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 495.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 495.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 481.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 480.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 480.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 480.27 Td (468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 480.27 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 480.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.17 Td (Total other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 465.27 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 465.27 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 465.32 Td (\(31,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 465.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 465.27 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 465.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 435.7669921875 m 204.9755859375 435.7669921875 l s q 0 0 0 rg BT 50.00 437.10 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (The following table shows the equity method earnings, by investee, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.57 425.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.16 425.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.59 425.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.59 425.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 388.60 225.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 388.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 388.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 388.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 388.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 388.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 358.60 225.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 358.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 358.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 358.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 358.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 401.6 m 361 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 401.6 m 365 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 401.6 m 418 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 401.6 m 475 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 401.6 m 479 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 401.6 m 533 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 78 388.6 m 303 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 388.6 m 361 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 401.6 m 418 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 388.6 m 418 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 388.6 m 475 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 388.6 m 533 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 388.6 m 361 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 388.6 m 418 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 343.6 m 361 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 329.6 m 361 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 327.6 m 361 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 343.6 m 418 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 329.6 m 418 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 327.6 m 418 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 343.6 m 475 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 329.6 m 475 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 327.6 m 475 327.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.05 405.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.85 405.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.50 392.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 392.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 392.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 392.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.80 392.83 Td (\(%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 379.17 Td (Earnings from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 378.27 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 378.27 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.50 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 378.32 Td (\(34,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 378.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.45 378.27 Td (\(80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 378.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 364.17 Td (Earnings from Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 363.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 363.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 363.27 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 363.27 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 363.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 349.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.30 348.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 348.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 348.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 348.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 348.32 Td (\(71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 348.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 348.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 348.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 333.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 333.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 333.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.50 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 333.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 333.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.45 333.27 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 333.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (Earnings from equity method investments decreased in 2015 compared to 2014 primarily due to decreases in cash distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.76 293.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.51 293.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 135.94 293.10 Td (The weighted-average number of invested RC facilities, based upon the number of months each facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (was invested during the respective years, increased year over year) Tj ET Q q 0 0 0 rg BT 313.22 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 318.04 281.10 Td (The number of invested RC facilities that were generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (rental income as of December 31, 2015 and 2014, were 12 and 12, respectively) Tj ET Q q 0 0 0 rg BT 365.91 269.10 Td (. ) Tj ET Q q 0 0 0 rg BT 370.73 269.10 Td (The weighted-average number of retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (facilities, based upon the number of months each facility was retained during the respective years, increased year over year) Tj ET Q q 0 0 0 rg BT 541.47 257.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 245.10 Td (, the number of retained RC facilities that were producing and selling RC and generating Section 45 tax credits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (other tax benefits as of December 31, 2015 and 2014, were two and five, respectively) Tj ET Q q 0 0 0 rg BT 391.18 233.10 Td (. During the fourth quarter of 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 221.10 Td (inuum Group suspended full-time operation of three retained RC facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 197.10 Td (e recognized $8.7 million and $43.6 million of equity earnings from ) Tj ET Q q 0 0 0 rg BT 333.12 197.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.88 197.10 Td (inuum Group for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.84 197.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.42 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 185.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 185.10 Td ( compared to our proportionate share of ) Tj ET Q q 0 0 0 rg BT 248.09 185.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.85 185.10 Td (inuum Group's net income of $35.3 million and $26.6 million, respectively) Tj ET Q q 0 0 0 rg BT 553.01 185.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 78.97 173.10 Td (ference between our pro-rata share of ) Tj ET Q q 0 0 0 rg BT 230.93 173.10 Td (T) Tj ET Q q 0 0 0 rg BT 236.68 173.10 Td (inuum Group's net income and our earnings from our ) Tj ET Q q 0 0 0 rg BT 451.87 173.10 Td (T) Tj ET Q q 0 0 0 rg BT 457.63 173.10 Td (inuum Group equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (method investment as reported on our Condensed Consolidated Statements of Operations relates to us receiving distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (excess of the carrying value of the investment during prior periods, and therefore recognizing such excess distributions as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 288.29 137.10 Td (. ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The following table for ) Tj ET Q q 0 0 0 rg BT 145.35 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.10 730.10 Td (inuum Group shows our investment balance, equity earnings, cash distributions received and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (distributions in excess of the investment balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.20 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.78 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.22 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.22 718.10 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.05 718.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.89 718.10 Td (\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 654.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 654.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 654.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 654.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 654.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 654.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 654.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 654.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 654.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 654.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 654.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 617.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 617.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 617.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 617.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 617.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 617.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 617.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 617.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 617.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 617.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 617.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 580.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 580.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 580.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 580.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 580.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 580.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 580.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 580.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 580.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 580.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 580.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 534.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 534.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 534.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 534.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 534.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 534.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 534.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 534.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 534.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 534.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 534.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 488.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 488.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 488.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 488.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 488.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 451.60 185.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 451.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 451.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 451.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 451.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 451.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 451.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 451.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 451.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 451.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 451.60 74.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 654.6 m 234.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 654.6 m 294.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 654.6 m 357.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 654.6 m 420.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 654.6 m 483.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 654.6 m 561.5 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 557.6 m 357.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 534.6 m 357.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 557.6 m 420.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 535.6 m 420.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 533.6 m 420.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 557.6 m 483.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 535.6 m 483.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 533.6 m 483.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 557.6 m 561.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 534.6 m 561.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 451.6 m 357.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 429.6 m 357.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 427.6 m 357.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 451.6 m 420.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 429.6 m 420.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 427.6 m 420.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 451.6 m 483.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 429.6 m 483.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 427.6 m 483.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 451.6 m 561.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 429.6 m 561.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 427.6 m 561.5 427.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.70 658.83 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.75 658.83 Td (Date\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.35 666.83 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.35 658.83 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.15 666.83 Td (ADES equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.90 658.83 Td (earnings \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.80 666.83 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.70 658.83 Td (distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.30 698.83 Td (Memorandum) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.75 690.83 Td (Account: Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.75 682.83 Td (distributions and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 674.83 Td (equity loss in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.55 666.83 Td (\(excess\) of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.20 658.83 Td (investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 645.06 Td (Beginning balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.45 645.06 Td (12/31/2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 645.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 645.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 645.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 645.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 645.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 645.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 645.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 645.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 645.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 631.06 Td (ADES proportionate share of net income from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 622.06 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 622.06 Td (inuum Group ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 113.68 626.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 622.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 622.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 622.06 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 622.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 622.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 608.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 599.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 599.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 599.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 599.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 599.06 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 599.06 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 471.00 599.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 599.06 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 585.06 Td (Cash distributions from Tinuum Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 585.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 585.06 Td (\(43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 585.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 571.06 Td (Adjustment for current year cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 562.06 Td (in excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 562.06 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 562.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 562.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 562.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 562.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 562.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 548.06 Td (Total investment balance, equity earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 539.06 Td (and cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.45 539.06 Td (12/31/2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 539.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 539.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 539.06 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 539.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 539.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 525.06 Td (ADES proportionate share of net income from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 516.06 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 516.06 Td (inuum Group ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 113.68 520.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 516.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.25 516.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 516.06 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 516.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 516.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 502.06 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 493.06 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 493.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 493.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 493.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 493.06 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 493.06 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 471.00 493.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 493.06 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 479.06 Td (Cash distributions from Tinuum Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 479.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 479.06 Td (\(8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.00 479.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 479.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 479.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 479.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 465.06 Td (Adjustment for current year cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 456.06 Td (in excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.35 456.06 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.75 456.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 456.06 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 456.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 456.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 456.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 442.06 Td (Total investment balance, equity earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 433.06 Td (and cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.45 433.06 Td (12/31/2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 433.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 433.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 433.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 433.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 433.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 433.06 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 433.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 433.06 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 433.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 413.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.58 413.30 Td (The amounts of our 42.5% proportionate share of net income as shown in the table above dif) Tj ET Q q 0 0 0 rg BT 396.08 413.30 Td (fer from the mathematical calculations of our ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 402.50 Td (42.5% equity interest in ) Tj ET Q q 0 0 0 rg BT 138.07 402.50 Td (T) Tj ET Q q 0 0 0 rg BT 143.25 402.50 Td (inuum Group multiplied by the amounts of Net Income available to Class ) Tj ET Q q 0 0 0 rg BT 409.71 402.50 Td (A) Tj ET Q q 0 0 0 rg BT 415.71 402.50 Td ( members as shown in the table above ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 59.58 391.70 Td (T) Tj ET Q q 0 0 0 rg BT 64.77 391.70 Td (inuum Group's results of operations due to adjustments related to the Class B preferred return and the elimination of ) Tj ET Q q 0 0 0 rg BT 484.87 391.70 Td (T) Tj ET Q q 0 0 0 rg BT 490.06 391.70 Td (inuum Group's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 380.90 Td (earnings attributable to RCM6, of which we owned 24.95% during the years ended December 31, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.90 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 356.90 Td (inuum Group distributed $8.7 million in cash during 2015, which we recognized as equity method earnings, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.90 Td (distributions and earnings of $43.6 million during 2014. ) Tj ET Q q 0 0 0 rg BT 276.10 344.90 Td (As of December 31, 2015, our cumulative distributions exceeded our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.90 Td (proportionate share of ) Tj ET Q q 0 0 0 rg BT 140.62 332.90 Td (T) Tj ET Q q 0 0 0 rg BT 146.38 332.90 Td (inuum Group's cumulative earnings by approximately $3.3 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.90 Td (While ) Tj ET Q q 0 0 0 rg BT 76.75 308.90 Td (T) Tj ET Q q 0 0 0 rg BT 82.51 308.90 Td (inuum Group recognized $87.3 million in earnings allocable to Class ) Tj ET Q q 0 0 0 rg BT 360.51 308.90 Td (A) Tj ET Q q 0 0 0 rg BT 367.18 308.90 Td ( shareholders during 2015, of which our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.90 Td (proportionate share totaled approximately $35.3 million, ) Tj ET Q q 0 0 0 rg BT 278.65 296.90 Td (T) Tj ET Q q 0 0 0 rg BT 284.41 296.90 Td (inuum Group's distributions were severely limited and restricted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.90 Td (primarily by capital expenditures, changes in working capital items and other requirements for cash to be retained within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.90 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.34 272.90 Td (As compared to distributions received in 2014, ) Tj ET Q q 0 0 0 rg BT 278.12 272.90 Td (T) Tj ET Q q 0 0 0 rg BT 283.88 272.90 Td (inuum Group's distributions in 2015 were also limited by a reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.90 Td (in the number of closings of sales or leases of RC facilities to new tax equity investors, in which closings generally include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.90 Td (upfront purchase price payments that have historically been immediately distributed to ) Tj ET Q q 0 0 0 rg BT 398.88 248.90 Td (T) Tj ET Q q 0 0 0 rg BT 404.64 248.90 Td (inuum Group's equity owners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.90 Td (including us. ) Tj ET Q q 0 0 0 rg BT 103.61 236.90 Td (A) Tj ET Q q 0 0 0 rg BT 110.28 236.90 Td ( substantial portion of the 2014 distributions received from ) Tj ET Q q 0 0 0 rg BT 348.12 236.90 Td (T) Tj ET Q q 0 0 0 rg BT 353.87 236.90 Td (inuum Group were due to such upfront purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.90 Td (payments or lease payments that were received by ) Tj ET Q q 0 0 0 rg BT 253.07 224.90 Td (T) Tj ET Q q 0 0 0 rg BT 258.83 224.90 Td (inuum Group as a result of closings of sales or leases of RC facilities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.90 Td (new tax equity investors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.90 Td (Equity earnings from our interest in ) Tj ET Q q 0 0 0 rg BT 195.34 188.90 Td (T) Tj ET Q q 0 0 0 rg BT 201.10 188.90 Td (inuum Services increased by $1.2 million in 2015 compared to 2014, primarily due to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 Td (increase in the number of RC facilities being operated by ) Tj ET Q q 0 0 0 rg BT 280.85 176.90 Td (T) Tj ET Q q 0 0 0 rg BT 286.61 176.90 Td (inuum Services during 2015. ) Tj ET Q q 0 0 0 rg BT 404.47 176.90 Td (The weighted-average number of RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.90 Td (facilities for which ) Tj ET Q q 0 0 0 rg BT 127.85 164.90 Td (T) Tj ET Q q 0 0 0 rg BT 133.60 164.90 Td (inuum Services provided operating and maintenance services, based upon the number of months each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.90 Td (facility was operated during the respective years, increased year over year) Tj ET Q q 0 0 0 rg BT 345.14 152.90 Td (. ) Tj ET Q q 0 0 0 rg BT 349.58 152.90 Td (As of December 31, 2015 and 2014, ) Tj ET Q q 0 0 0 rg BT 496.87 152.90 Td (T) Tj ET Q q 0 0 0 rg BT 502.63 152.90 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td (Services provided operating and maintenance services to 14 and 17 RC facilities, respectively) Tj ET Q q 0 0 0 rg BT 424.51 140.90 Td (. ) Tj ET Q q 0 0 0 rg BT 429.33 140.90 Td (T) Tj ET Q q 0 0 0 rg BT 435.08 140.90 Td (inuum Services derives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.90 Td (earnings both from fixed-fee arrangements as well as fees that are tied to actual RC production, depending upon the specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.90 Td (RC facility operating and maintenance agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.90 Td (During February 2014, we purchased a membership interest in RCM6 and recognized equity method losses during the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.90 Td (ended December 31, 2015 and 2014 resulting from the production and sale of RC from the RC facility owned by RCM6, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.90 Td (also generated tax credits and tax benefits available to us.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Although all of our deferred tax assets had a full valuation allowance recorded against them as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.25 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.83 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.27 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.27 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (we earned, through our ownership in ) Tj ET Q q 0 0 0 rg BT 199.50 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.26 730.10 Td (inuum Group, the following Section 45 tax credits, which may be available for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (benefit related to the operation of retained RC facilities: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 673.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 673.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 673.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 673.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 673.60 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 686.6 m 457.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 686.6 m 461.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 686.6 m 527.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 673.6 m 388.5 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 686.6 m 457.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 673.6 m 457.5 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 686.6 m 461.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 673.6 m 461.5 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 686.6 m 527.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 673.6 m 527.5 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 673.6 m 388.5 673.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.55 690.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 677.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.50 677.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 677.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 663.27 Td (Section 45 tax credits earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 663.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 663.27 Td (38,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 663.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 663.27 Td (25,817) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 633.7669921875 m 143.7744140625 633.7669921875 l s q 0 0 0 rg BT 50.00 635.10 Td (Royalties, r) Tj ET Q q 0 0 0 rg BT 95.73 635.10 Td (elated party) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.77 635.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (During the years ended December31, 2015 and 2014, there were 22.0 million tons and 12.4 million tons of RC produced, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 611.10 Td (, using M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 149.05 615.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.80 611.10 Td ( and M-45-PC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 216.02 615.63 Td (TM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.40 611.10 Td (technologies, which ) Tj ET Q q 0 0 0 rg BT 309.70 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.45 611.10 Td (inuum Group licenses from us, which resulted in a 66% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (increase in our income from royalties from the M-45 license. Certain of the RC facilities that were operating in 2015 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (retained facilities that were producing RC for the benefit of ) Tj ET Q q 0 0 0 rg BT 289.73 587.10 Td (T) Tj ET Q q 0 0 0 rg BT 295.49 587.10 Td (inuum Group and its owners. Ef) Tj ET Q q 0 0 0 rg BT 423.62 587.10 Td (fective in the fourth quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (2015, some of these facilities were idled pending the sale or lease to tax equity investors. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 549.7669921875 m 114.3212890625 549.7669921875 l s q 0 0 0 rg BT 50.00 551.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 551.10 Td (est expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.32 551.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (Interest expense increased in 2015 compared to 2014 by $1.3 million primarily due to the increase in RC facilities in 2015 from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.63 527.10 Td (1 to 12 on which ) Tj ET Q q 0 0 0 rg BT 124.17 527.10 Td (T) Tj ET Q q 0 0 0 rg BT 129.92 527.10 Td (inuum Group recognized installment sales for tax purposes and an increase in the interest rate. IRC section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (453A) Tj ET Q q 0 0 0 rg BT 71.67 515.10 Td ( requires taxpayers using the installment method to pay an interest char) Tj ET Q q 0 0 0 rg BT 356.13 515.10 Td (ge on the portion of the tax liability that was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (deferred under the installment method. ) Tj ET Q q 0 0 0 rg BT 207.54 503.10 Td (The following table shows the balance of the tax liability that has been deferred and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (applicable interest rate to calculate section 453A) Tj ET Q q 0 0 0 rg BT 243.81 491.10 Td ( interest:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 454.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 454.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 454.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 467.6 m 483.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.6 m 562.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 454.6 m 404.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 467.6 m 483.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 454.6 m 483.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 467.6 m 487.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 454.6 m 487.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.6 m 562.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 454.6 m 562.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 454.6 m 404.5 454.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 471.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 458.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 458.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 458.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 444.27 Td (ax liability deferred on installment sales ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 221.14 448.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 444.27 Td (111,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 444.27 Td (120,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.27 Td (Interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 429.27 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 429.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 429.27 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 429.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 402.30 Td (\(1\) Represents the approximate tax ef) Tj ET Q q 0 0 0 rg BT 185.04 402.30 Td (fected liability related to the deferred gain on installment sales \(approximately $336 million as of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 390.30 Td (December31, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.97 390.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 366.30 Td (, interest expense increased by $0.2 million and $1.2 million related to the note payable used to finance our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.30 Td (purchase of RCM6 in February 2014 and the Credit ) Tj ET Q q 0 0 0 rg BT 258.57 354.30 Td (Agreement entered into in the fourth quarter of 2015, respectively) Tj ET Q q 0 0 0 rg BT 521.72 354.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 330.30 Td (Income tax \(benefit\) expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.92 330.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.30 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 318.30 Td (e did not recognize any federal income tax expense \(benefit\) during the years ended December 31, 2015 or 2014 as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.30 Td (recording full valuation allowances against all of our net deferred tax assets in all jurisdictions. However) Tj ET Q q 0 0 0 rg BT 468.35 306.30 Td (, we did recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.30 Td (state income tax expense for the years ended December31, 2015 and 2014 of zero and $0.3 million, respectively) Tj ET Q q 0 0 0 rg BT 500.59 294.30 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.30 Td (Business Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.30 Td (As of December 31, 2016, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.56 248.30 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.56 248.30 Td ( reportable segments: \(1\) RC; and \(2\) EC. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.30 Td (The business segment measurements provided to and evaluated by our chief operating decision maker \("CODM"\) are computed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.30 Td (in accordance with the principles listed below: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 202.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.30 Td (The accounting policies of the operating segments are the same as those described in the summary of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.30 Td (accounting policies except as described below) Tj ET Q q 0 0 0 rg BT 270.00 190.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 173.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 173.30 Td (Segment revenue includes equity method earnings and losses from our equity method investments. Segment revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 161.30 Td (also includes royalty earnings from ) Tj ET Q q 0 0 0 rg BT 228.99 161.30 Td (T) Tj ET Q q 0 0 0 rg BT 234.75 161.30 Td (inuum Group and income related to sales-type leases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 144.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 144.30 Td (Segment operating income \(loss\) includes the equity method earnings and losses from our equity method investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 132.30 Td (royalty earnings from ) Tj ET Q q 0 0 0 rg BT 174.56 132.30 Td (T) Tj ET Q q 0 0 0 rg BT 180.32 132.30 Td (inuum Group \(including depreciation and amortization expense\) and gains related to sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 120.30 Td (equity method investments. However) Tj ET Q q 0 0 0 rg BT 234.61 120.30 Td (, segment operating income \(loss\) excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.84 120.30 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.82 120.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.82 120.30 Td (Rent and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 108.30 Td (occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.70 108.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.70 108.30 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.38 108.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.32 108.30 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.61 108.30 Td ( \("Corporate general and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 96.30 Td (expenses"\) unless otherwise specifically included, as the Company does not allocate those amounts between segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 79.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 79.30 Td (All items not included in operating income, except as noted below) Tj ET Q q 0 0 0 rg BT 350.16 79.30 Td (, are excluded from the RC and EC segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.30 Td (The principal products and services of our segments are: ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (RC - Our RC segment derives its earnings from equity method investments as well as royalty payment streams and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (other revenues related to enhanced combustion of and reduced emissions of both NO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 425.90 716.96 Td (X) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 718.10 Td ( and mercury from the burning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (of RC. Our equity method investments related to the RC segment include ) Tj ET Q q 0 0 0 rg BT 381.60 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 387.36 706.10 Td (inuum Group, ) Tj ET Q q 0 0 0 rg BT 445.79 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 451.54 706.10 Td (inuum Services and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (through March 3, 2016, RCM6. Segment revenues includes equity method earnings \(losses\) from our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (investments and royalty earnings from ) Tj ET Q q 0 0 0 rg BT 242.17 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 247.93 682.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 306.36 682.10 Td (These earnings are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.52 682.10 Td (Earnings from equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.71 670.10 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.73 670.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.88 670.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.25 670.10 Td ( included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Item 8 of this Report. Key drivers to RC segment performance are operating and retained produced and sold RC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (royalty-bearing RC produced, lease and sale revenue, and the number of operating \(leased or sold\) and retained RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 125.25 634.10 Td (These key drivers impact our earnings and cash distributions from equity method investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (EC - Our EC segment includes revenues and related expenses from the sale of ) Tj ET Q q 0 0 0 rg BT 400.35 622.10 Td (ACI and DSI equipment systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (chemical sales consulting services and chemical and other sales related to the reduction of emissions in the coal-fired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (electric generation process and the electric utility industry) Tj ET Q q 0 0 0 rg BT 317.21 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.03 598.10 Td (The fabrication of ) Tj ET Q q 0 0 0 rg BT 396.16 598.10 Td (ACI systems is lar) Tj ET Q q 0 0 0 rg BT 469.59 598.10 Td (gely dependent upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (third-party manufacturers. ) Tj ET Q q 0 0 0 rg BT 193.28 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.91 586.10 Td (e historically fabricated DSI systems through our subsidiary BCSI, however) Tj ET Q q 0 0 0 rg BT 505.90 586.10 Td (, we closed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (the fabrication facility during the fourth quarter of 2015 and future fabrication will occur through the use of third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (manufacturers. ) Tj ET Q q 0 0 0 rg BT 148.01 562.10 Td (These amounts are included within the respective revenue and cost of revenue line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.36 550.10 Td ( included in Item 8 of this Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Management uses segment operating income \(loss\) to measure profitability and performance at the segment level. Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (believes segment operating income \(loss\) provides investors with a useful measure of our operating performance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (underlying trends of the businesses. Segment operating income \(loss\) may not be indicative of our overall consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (performance and therefore, should be read in conjunction with our Consolidated Results of Operations. ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table presents our operating segment results for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.02 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.04 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.04 742.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 697.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 697.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 697.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 697.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 667.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 667.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 667.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 667.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 637.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 637.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 637.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 637.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 607.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 607.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 607.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 607.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 577.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 577.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 577.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 577.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 547.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 547.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 547.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 547.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 517.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 517.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 517.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 517.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 488.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 488.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 488.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 458.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 458.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 458.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 458.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 458.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 428.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 428.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 428.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 428.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 428.60 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 388.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 358.60 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 358.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 358.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 358.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 358.60 47.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 718.6 m 360.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 718.6 m 364.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 718.6 m 410.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 460.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 718.6 m 510.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 718.6 m 514.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 697.6 m 311.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 697.6 m 360.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 718.6 m 410.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 697.6 m 410.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 460.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 697.6 m 460.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 718.6 m 510.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 697.6 m 510.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 718.6 m 514.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 697.6 m 561.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 622.6 m 360.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 607.6 m 360.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 622.6 m 410.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 607.6 m 410.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 622.6 m 460.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 607.6 m 460.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 622.6 m 510.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 607.6 m 510.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 622.6 m 561.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 607.6 m 561.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 547.6 m 360.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 547.6 m 410.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 547.6 m 460.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 547.6 m 510.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 547.6 m 561.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 532.6 m 360.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 517.6 m 360.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 532.6 m 410.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 517.6 m 410.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 532.6 m 460.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 517.6 m 460.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 532.6 m 510.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 517.6 m 510.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 532.6 m 561.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 517.6 m 561.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 458.6 m 360.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 443.6 m 360.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 458.6 m 410.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 443.6 m 410.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 458.6 m 460.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 443.6 m 460.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 458.6 m 464.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 458.6 m 510.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 443.6 m 510.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 458.6 m 514.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 458.6 m 561.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 443.6 m 561.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 428.6 m 360.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 414.6 m 360.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 412.6 m 360.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 428.6 m 410.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 414.6 m 410.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 412.6 m 410.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 428.6 m 460.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 414.6 m 460.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 412.6 m 460.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 428.6 m 510.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 414.6 m 510.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412.6 m 510.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 428.6 m 561.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 414.6 m 561.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 412.6 m 561.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 358.6 m 360.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 344.6 m 360.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 342.6 m 360.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 358.6 m 410.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 344.6 m 410.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 342.6 m 410.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 358.6 m 460.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 344.6 m 460.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 342.6 m 460.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 358.6 m 510.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 344.6 m 510.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 342.6 m 510.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 358.6 m 561.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 344.6 m 561.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 342.6 m 561.5 342.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.55 722.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 722.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 701.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.50 701.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.00 701.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.00 701.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 701.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 701.83 Td (\($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 687.27 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 672.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 657.27 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 657.27 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 657.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 657.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 657.27 Td (36,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 657.32 Td (\(33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 657.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 642.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 642.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 642.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 642.27 Td (665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.30 642.32 Td (\(55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 642.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 642.32 Td (\(610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 642.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 627.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 627.27 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 627.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 627.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 627.32 Td (\(4,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 627.27 Td (4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 612.27 Td (51,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 612.27 Td (19,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 612.27 Td (49,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 612.27 Td (32,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 612.32 Td (\(30,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 612.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 597.28 Td (Emissions Contr) Tj ET Q q 0 0 0 rg BT 122.66 597.28 Td (ol:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 582.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 582.27 Td (46,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 582.27 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 582.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 582.32 Td (\(13,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 582.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 582.27 Td (48,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 567.27 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 567.27 Td (3,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 567.27 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 567.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 567.27 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 567.27 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 552.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 552.27 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 552.27 Td (1,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 552.27 Td (3,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 552.32 Td (\(1,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 552.32 Td (\(2,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 537.27 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 537.27 Td (62,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 537.27 Td (16,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 537.32 Td (\(12,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 537.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 537.27 Td (46,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 522.27 Td (Total segment reporting revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 522.27 Td (102,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 522.27 Td (82,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 522.27 Td (66,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 522.27 Td (20,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 522.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 522.27 Td (16,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.27 Td (Adjustments to reconcile to reported revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 493.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 478.27 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 478.32 Td (\(45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 478.32 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 478.32 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 478.32 Td (\(36,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 478.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 478.27 Td (33,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 463.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 463.32 Td (\(6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 463.32 Td (\(10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.80 463.32 Td (\(6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 463.27 Td (4,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 463.32 Td (\(4,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 463.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 448.32 Td (\(51,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 448.32 Td (\(19,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 448.32 Td (\(49,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 448.32 Td (\(32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 448.27 Td (29,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 418.27 Td (Total reported revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 418.27 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 418.27 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 418.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 418.32 Td (\(12,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 418.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 418.27 Td (45,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 393.27 Td (Segment reporting operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 378.27 Td (Refined Coal ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 113.54 382.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 378.27 Td (51,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 378.27 Td (12,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 378.27 Td (42,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 378.27 Td (39,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 378.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 378.32 Td (\(29,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 378.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 363.27 Td (Emissions Control ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.67 367.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 363.27 Td (7,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 363.32 Td (\(7,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 363.32 Td (\(13,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 363.27 Td (14,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 363.27 Td (5,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.27 Td (Total segment operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 348.27 Td (58,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 348.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 348.27 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 348.27 Td (54,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 348.32 Td (\(24,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 348.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 321.30 Td (\(1\) Included within the RC segment operating income for the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.92 321.30 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.64 321.30 Td ( is a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.39 321.30 Td ($2.1 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.39 321.30 Td ( gain on the sale of RCM6. ) Tj ET Q q 0 0 0 rg BT 544.38 321.30 Td (Also ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 310.50 Td (included within the RC segment operating income for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.18 310.50 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.91 310.50 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.41 310.50 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.41 310.50 Td (, and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.15 310.50 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 310.50 Td ( is 453A) Tj ET Q q 0 0 0 rg BT 465.16 310.50 Td ( interest expense of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.13 310.50 Td ($2.5 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 299.70 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 299.70 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 299.70 Td ($4.6 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.50 299.70 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 299.70 Td ($3.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 299.70 Td ( respectively) Tj ET Q q 0 0 0 rg BT 231.15 299.70 Td (, and interest expense related to the RCM6 note payable of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.58 299.70 Td ($0.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.58 299.70 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.08 299.70 Td ($2.5 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.09 299.70 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 288.90 Td ($2.2 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.00 288.90 Td (, respectively) Tj ET Q q 0 0 0 rg BT 141.40 288.90 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (\(2\) Included within the EC segment operating income for the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.41 278.10 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.14 278.10 Td ( is a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.89 278.10 Td ($0.9 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.89 278.10 Td ( gain related to a termination of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (a sales-type lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 266.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 242.10 Td ( reconciliation of segment operating income to consolidated net income \(loss\) is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.57 242.10 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.51 242.10 Td ( of the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Financial Statements included in Item 8 of this Report.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 204.76699218750002 m 62.7783203125 204.76699218750002 l s q 0 0 0 rg BT 50.00 206.10 Td (RC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (The following table details the segment revenues of our respective equity method investments for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 182.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 182.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 182.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 182.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 182.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 145.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 145.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 145.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 145.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 115.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 115.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 115.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 115.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 158.60000000000002 m 413.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 145.60000000000002 m 339.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 158.60000000000002 m 413.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 145.60000000000002 m 413.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 158.60000000000002 m 487.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 145.60000000000002 m 487.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 158.60000000000002 m 561.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 145.60000000000002 m 561.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 145.60000000000002 m 487.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 145.60000000000002 m 561.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 100.60000000000002 m 413.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 86.60000000000002 m 413.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 84.60000000000002 m 413.5 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 100.60000000000002 m 487.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 86.60000000000002 m 487.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 84.60000000000002 m 487.5 84.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 100.60000000000002 m 561.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 86.60000000000002 m 561.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 84.60000000000002 m 561.5 84.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 162.83 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 149.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 149.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 149.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 149.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 136.17 Td (Earnings from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 135.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 135.27 Td (41,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 135.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 135.27 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 135.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 135.27 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 121.17 Td (Earnings from Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 120.27 Td (4,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 120.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 120.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 106.17 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 105.32 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 105.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 105.32 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 105.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 105.32 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 105.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 90.27 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 90.27 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 90.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 90.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 90.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (RC earnings increased primarily due to increased equity earnings from ) Tj ET Q q 0 0 0 rg BT 335.28 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 341.04 742.10 Td (inuum Group during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.56 742.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 730.10 Td ( compared to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.09 730.10 Td (, as presented above. Our equity earnings increased primarily due to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (increase in cash distributions from ) Tj ET Q q 0 0 0 rg BT 190.06 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 195.82 718.10 Td (inuum Group due to no significant RC facility installation costs in 2016 compared to 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (as discussed in the consolidated results above. For the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.38 706.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.96 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.78 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 403.54 706.10 Td (inuum Group's consolidated earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.41 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.91 694.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.81 694.10 Td ( from the comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.10 694.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.69 694.10 Td ( period due to a decrease in lease revenues driven by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (reduced impact of the amortization of deferred revenues and changes in lease rates, which was partially of) Tj ET Q q 0 0 0 rg BT 474.36 682.10 Td (fset by a reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (cost of sales related to chemicals and royalties as well as a decrease in operating expenses related to the suspension of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (operations of all retained RC facilities in 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (As discussed above and in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.04 634.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.98 634.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report, our earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 622.10 Td (inuum Group may not equal our pro-rata share due to the accounting related to our equity method investment. ) Tj ET Q q 0 0 0 rg BT 497.03 622.10 Td (As such, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (earnings in ) Tj ET Q q 0 0 0 rg BT 96.47 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 102.23 610.10 Td (inuum Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.34 610.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.09 610.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.09 610.10 Td ($33.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.99 610.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.89 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.48 610.10 Td ( compared to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 598.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.30 598.10 Td ($46.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 598.10 Td ( of cash distributions received that were in excess of our pro-rata share of cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (earnings in ) Tj ET Q q 0 0 0 rg BT 96.47 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 102.23 586.10 Td (inuum Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (RC earnings were positively impacted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 562.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.23 562.10 Td ( due to lower operating losses associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (our RCM6 equity method investment, which was sold during the first quarter of 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (RC earnings were negatively impacted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.86 526.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.44 526.10 Td ( by a decrease in earnings from ) Tj ET Q q 0 0 0 rg BT 502.71 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 508.46 526.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Services primarily due to a decrease in the number of RC facilities being operated by ) Tj ET Q q 0 0 0 rg BT 392.76 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 398.52 514.10 Td (inuum Services, as discussed in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (consolidated results above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (RC earnings were also negatively impacted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.46 478.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 478.10 Td ( by a decrease in royalties related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 466.10 Td (inuum Group's use of our M-45 License. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 466.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.08 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.52 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.52 466.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.93 466.10 Td (16.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.82 466.10 Td ( tons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 454.10 Td (22.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.83 454.10 Td ( tons, respectively) Tj ET Q q 0 0 0 rg BT 187.66 454.10 Td (, of RC produced and sold using the M-45 License. ) Tj ET Q q 0 0 0 rg BT 394.67 454.10 Td (The decrease in tonnage was due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (decrease in the per facility tonnage and a decrease in the number of RC facilities producing RC with our technologies, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (as an increase in certain RC facility operating expenses, as discussed in the consolidated results above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (RC segment operating income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.86 406.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 406.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.53 406.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.11 406.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.90 406.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.90 406.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (addition to the impacts of RC earnings discussed above, RC segment operating income was positively impacted by a decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (in 453A) Tj ET Q q 0 0 0 rg BT 81.95 382.10 Td ( interest expense. 453A) Tj ET Q q 0 0 0 rg BT 175.26 382.10 Td ( interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.40 382.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.81 382.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.72 382.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.31 382.10 Td ( due to a decrease in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (tax liability being deferred as of December 31, 2016.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 344.7669921875 m 62.7783203125 344.7669921875 l s q 0 0 0 rg BT 50.00 346.10 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Discussion of revenues derived from our EC segment and costs related thereto are included within our consolidated results in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Item 8 of this Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (EC segment operating income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 305.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.05 305.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.96 305.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.55 305.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.25 305.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.25 305.10 Td ( due to the earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (discussed within the consolidated results and decreases in operating expenses. Specifically) Tj ET Q q 0 0 0 rg BT 411.75 293.10 Td (, Payroll and benefits and Research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (and development expense, net decreased year over year by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.11 281.10 Td (5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 281.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.44 281.10 Td ($6.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 281.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 451.99 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 456.44 281.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 506.34 281.10 Td (, impacting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (the year over year change was an increase in operating income due to the settlement of the remaining amounts owed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (former DSI Business Owner) Tj ET Q q 0 0 0 rg BT 163.19 257.10 Td (, resulting in a reduction of segment expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.25 257.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.14 257.10 Td ( during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.05 257.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 245.10 Td (. Of) Tj ET Q q 0 0 0 rg BT 85.37 245.10 Td (fsetting these items was the allowance recorded during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.76 245.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.35 245.10 Td ( of $0.5 million related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (note receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.80 233.10 Td (.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 742.25 Td (ces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Overview of Factors ) Tj ET Q q 0 0 0 rg BT 134.52 725.25 Td (Affecting Our Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 708.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 708.25 Td (, our liquidity position was positively af) Tj ET Q q 0 0 0 rg BT 260.36 708.25 Td (fected primarily due to distributions from ) Tj ET Q q 0 0 0 rg BT 428.48 708.25 Td (T) Tj ET Q q 0 0 0 rg BT 434.23 708.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 507.10 708.25 Td (T) Tj ET Q q 0 0 0 rg BT 512.86 708.25 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (Services, a reduction in the operation of retained RC facilities, proceeds received from the sale of our interest in RCM6 and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (elimination of the related note payable, the elimination of our short term borrowings as well as the ability to utilize our bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (line of credit \("Line of Credit"\) to support certain letters of credit. ) Tj ET Q q 0 0 0 rg BT 315.02 672.25 Td (As a result, our working capital position improved by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 672.25 Td ($40.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 660.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (Our principal sources of liquidity currently include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 625.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 625.25 Td (cash on hand;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 613.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 613.25 Td (cash provided by our operations, including the release of restricted cash;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 601.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 601.25 Td (distributions from ) Tj ET Q q 0 0 0 rg BT 160.26 601.25 Td (T) Tj ET Q q 0 0 0 rg BT 166.02 601.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 238.89 601.25 Td (T) Tj ET Q q 0 0 0 rg BT 244.64 601.25 Td (inuum Services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 589.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.25 Td (royalty payments from ) Tj ET Q q 0 0 0 rg BT 179.41 589.25 Td (T) Tj ET Q q 0 0 0 rg BT 185.17 589.25 Td (inuum Group; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 577.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.25 Td (our Line of Credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (In November 2016, we renegotiated the terms of our Line of Credit to update certain covenants and increase the borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (amount to enable us to have borrowing capacity to provide short-term liquidity for operating purposes. From inception to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (date of this amendment, we were unable to borrow on the Line of Credit as a result of not being in compliance with certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (covenants. No borrowings were outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.51 517.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.10 517.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.43 517.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.01 517.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.46 517.25 Td (A) Tj ET Q q 0 0 0 rg BT 432.13 517.25 Td ( key provision in the terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (the amendment to the Line of Credit is the ability to use the facility to secure performance and other contractual and settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (obligations in lieu of pledging restricted cash, contingent upon our maintaining a minimum cash compensating balance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (meeting certain financial metrics. ) Tj ET Q q 0 0 0 rg BT 185.78 481.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.28 481.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.86 481.25 Td (, we held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 481.25 Td ($13.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.63 481.25 Td ( in restricted cash, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.82 481.25 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.71 481.25 Td ( of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (amount could potentially be released to unrestricted cash upon our fulfillment of the finalization of litigation matters, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.11 457.25 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.05 457.25 Td ( of the Consolidated Financial Statements included in Item 8 of this Report, as well as continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (compliance with the applicable financial covenants. ) Tj ET Q q 0 0 0 rg BT 259.46 445.25 Td (While such a release would be desirable, in the event we do not meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (conditions, we believe that our existing and forecasted liquidity from cash distributions and royalties as well as other expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (operating results will result in cash flow and liquidity suf) Tj ET Q q 0 0 0 rg BT 278.39 421.25 Td (ficient to fund our continuing operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (Prior to June 2014, the Line of Credit was used primarily to provide collateral support for certain letters of credit that had been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (issued to customers related to certain contractual performance and payment guarantees, typically provided in lieu of surety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (bonds. Upon notification of covenant non-compliance related to the Line of Credit, we were required to secure such letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (credit with cash collateral. ) Tj ET Q q 0 0 0 rg BT 157.46 361.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 207.36 361.25 Td (, we were required to provide collateral to other financial institutions that have issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (letters of credit, providing security for continuing royalty indemnification obligations related to the settlement of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 90.93 337.25 Td (The collateral amounts are disclosed on the Consolidated Balance Sheets as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.11 337.25 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.92 337.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.92 337.25 Td (Restricted cash, long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 325.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.76 325.25 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.10 325.25 Td (. ) Tj ET Q q 0 0 0 rg BT 263.54 325.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.99 325.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.57 325.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.01 325.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.59 325.25 Td (, these collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (amounts totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.10 313.25 Td ($13.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.99 313.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.43 313.25 Td ($12.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.32 313.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 295.98 313.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (No amounts were drawn on the Line of Credit through the date of this filing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (On March 3, 2016, we sold our entire ownership interest in RCM6. ) Tj ET Q q 0 0 0 rg BT 321.17 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 329.80 274.25 Td (e received a cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.08 274.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.97 274.25 Td ( related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (sale and have no future obligations related to previously recorded notes payable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (Our principal uses of liquidity during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.65 241.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 241.25 Td ( have included:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 217.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.25 Td (our business operating expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 205.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.25 Td (payof) Tj ET Q q 0 0 0 rg BT 108.59 205.25 Td (f of the Credit ) Tj ET Q q 0 0 0 rg BT 166.91 205.25 Td (Agreement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 193.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 193.25 Td (interest expense on the Credit ) Tj ET Q q 0 0 0 rg BT 206.80 193.25 Td (Agreement, notes payable, and 453A) Tj ET Q q 0 0 0 rg BT 354.54 193.25 Td ( interest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 181.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 181.25 Td (completion of the Restatement activities related to prior year financial statements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 169.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 169.25 Td (delivering on our existing contracts and customer commitments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 157.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.25 Td (corporate restructuring and realignment of our businesses; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 145.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.25 Td (royalty indemnification payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (On June30, 2016, we, the required lenders under the Credit ) Tj ET Q q 0 0 0 rg BT 291.05 121.25 Td (Agreement and the ) Tj ET Q q 0 0 0 rg BT 369.08 121.25 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 431.02 121.25 Td (Agent agreed to terminate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 109.25 Td (Agreement, prior to the maturity date of July 8, 2016, and we paid the total principal balance of the loans and advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (made to or for the benefit of us, together with all accrued but unpaid interest, and the total amount of all fees, costs, expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (and other amounts owed by us thereunder) Tj ET Q q 0 0 0 rg BT 216.78 85.25 Td (, including a prepayment premium. ) Tj ET Q q 0 0 0 rg BT 359.61 85.25 Td (The agreement included a waiver by the lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (for a portion of the prepayment premium of 4% reflected in the Credit ) Tj ET Q q 0 0 0 rg BT 332.41 73.25 Td (Agreement.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In February 2016, we entered into an agreement with the DSI Business Owner to settle the remaining amounts owed to the DSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Business Owner as of the date of the agreement of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.08 730.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.97 730.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.63 730.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.53 730.10 Td (, which was paid in the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (quarter of 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (Our ability to continue to generate suf) Tj ET Q q 0 0 0 rg BT 202.00 700.10 Td (ficient cash flow required to meet ongoing operational needs and to meet obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (depends upon several factors, including executing on our contracts and initiatives, receiving royalty payments from ) Tj ET Q q 0 0 0 rg BT 513.85 688.10 Td (T) Tj ET Q q 0 0 0 rg BT 519.60 688.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Group and distributions from ) Tj ET Q q 0 0 0 rg BT 169.25 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.01 676.10 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 247.88 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.63 676.10 Td (inuum Services, and increasing our share of the market for EC products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (and, in particular EC chemical revenues. Increased distributions from ) Tj ET Q q 0 0 0 rg BT 330.00 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 335.76 664.10 Td (inuum Group will likely be dependent upon both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (preserving existing contractual relationships and securing additional tax equity investors for those ) Tj ET Q q 0 0 0 rg BT 443.61 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.37 652.10 Td (inuum Group RC facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (that are currently not operating. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 70.38 622.10 Td (ces and Uses of Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Y) Tj ET Q q 0 0 0 rg BT 54.64 604.10 Td (ear ended December 31, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.44 604.10 Td ( Compar) Tj ET Q q 0 0 0 rg BT 210.35 604.10 Td (ed to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.57 604.10 Td (Y) Tj ET Q q 0 0 0 rg BT 237.21 604.10 Td (ear ended December 31, 2015) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Cash, cash equivalents and restricted cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.22 586.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.97 586.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.41 586.10 Td ($21.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 586.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.46 586.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.05 586.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.83 586.10 Td ($26.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.72 586.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 574.10 Td (an increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.28 574.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.61 574.10 Td ($6.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.50 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.32 574.10 Td (The following table summarizes our cash flows for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 562.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 562.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 562.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 515.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 515.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 515.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 515.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 515.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 515.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 515.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 485.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 485.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 485.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 485.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 455.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 455.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 455.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 455.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.6 m 433.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 530.6 m 437.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 530.6 m 497.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 530.6 m 501.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 515.6 m 433.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 515.6 m 497.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 530.6 m 561.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 515.6 m 561.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 515.6 m 369.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 455.6 m 433.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 441.6 m 433.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 439.6 m 433.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 455.6 m 497.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 441.6 m 497.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 439.6 m 497.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 455.6 m 561.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 441.6 m 561.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 439.6 m 561.5 439.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.05 534.83 Td (Y) Tj ET Q q 0 0 0 rg BT 393.94 534.83 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 468.89 534.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 519.85 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.66 519.85 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 519.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 519.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 519.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.17 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 491.17 Td (Operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 490.32 Td (\(18,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 490.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 490.32 Td (\(29,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 490.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 490.27 Td (11,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 476.17 Td (Investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 475.27 Td (39,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 475.27 Td (4,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 475.27 Td (35,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 461.17 Td (Financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 460.32 Td (\(15,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 460.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 460.27 Td (10,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 460.32 Td (\(25,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 460.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 446.17 Td (Net change in Cash and Cash Equivalents and Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 445.27 Td (5,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 445.32 Td (\(15,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 445.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 445.27 Td (21,477) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 430.03 462.37 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 423.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 423.10 Td (, the following table summarizes the cash flows of ) Tj ET Q q 0 0 0 rg BT 303.56 423.10 Td (T) Tj ET Q q 0 0 0 rg BT 309.32 423.10 Td (inuum Group, whose cash distributions to us most ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 418.03 302.13 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 411.10 Td (significantly impact our consolidated cash flow results, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.13 411.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.72 411.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 411.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.16 411.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 522.82 411.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 366.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 366.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 366.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 366.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 366.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 366.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 366.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 338.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 338.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 338.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 338.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 310.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 310.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 310.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 310.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 282.60 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 282.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 282.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 282.60 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 380.6 m 433.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 380.6 m 497.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.6 m 501.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 380.6 m 561.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 366.6 m 369.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 380.6 m 433.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 366.6 m 433.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 380.6 m 437.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 380.6 m 497.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 366.6 m 497.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.6 m 501.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 380.6 m 561.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 366.6 m 561.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 366.6 m 369.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 366.6 m 433.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 366.6 m 497.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 366.6 m 561.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 296.6 m 433.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 296.6 m 497.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 296.6 m 561.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 296.6 m 433.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 296.6 m 497.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 296.6 m 561.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 282.6 m 433.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 269.6 m 433.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 267.6 m 433.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 282.6 m 497.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 269.6 m 497.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 267.6 m 497.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 282.6 m 561.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 269.6 m 561.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 267.6 m 561.5 267.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.05 384.83 Td (Y) Tj ET Q q 0 0 0 rg BT 393.94 384.83 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 468.89 384.83 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 370.85 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.66 370.85 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 370.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 370.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 370.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.17 Td (Tinuum Group cash, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 357.17 Td (6,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 357.17 Td (3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 357.17 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 343.17 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 329.17 Td (Operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 329.17 Td (79,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 329.17 Td (37,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 329.17 Td (41,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 315.17 Td (Investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 315.22 Td (\(2,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 315.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 315.22 Td (\(30,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 315.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 315.17 Td (27,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 301.17 Td (Financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 301.22 Td (\(72,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 301.22 Td (\(5,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 301.22 Td (\(66,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 287.17 Td (Net change in cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 287.17 Td (4,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 287.17 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 287.17 Td (2,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.17 Td (Tinuum Group cash, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 273.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 273.17 Td (10,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 273.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 273.17 Td (6,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 273.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 273.17 Td (4,714) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 249.53505859375002 m 194.4482421875 249.53505859375002 l s q 0 0 0 rg BT 50.00 251.10 Td (Cash flow from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (Cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.22 233.10 Td (used in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 233.10 Td ( operating activities reflect the operating losses as well as the timing of our working capital requirements, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (addition to other items discussed herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (Our cash expenditures for legal and professional fees for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.88 203.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.47 203.10 Td ( decreased from the comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (prior year primarily due to a reduction in the professional resources deployed to address the Restatement, which decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td ($6.1 million from the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.13 179.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.71 179.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (Deferred revenue and project costs resulted in a change in a use of operating cash flows on a net basis of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.68 161.10 Td ($6.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.57 161.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (production of ) Tj ET Q q 0 0 0 rg BT 106.10 149.10 Td (ACI and DSI equipment systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 131.10 Td ( reduction in advanced deposits received related to royalty earnings from ) Tj ET Q q 0 0 0 rg BT 350.55 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.30 131.10 Td (inuum Group negatively impacted operating cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (flows by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 119.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 119.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 119.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.44 119.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.80 119.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.38 119.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.82 119.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.82 119.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 456.48 119.10 Td (. During the fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (quarter of 2016, we made a final payment of $1.4 million to ) Tj ET Q q 0 0 0 rg BT 291.98 107.10 Td (T) Tj ET Q q 0 0 0 rg BT 297.73 107.10 Td (inuum Group to repay in full the royalty advanced deposit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (Our operating cash flow may also be significantly impacted by distributions from our equity investees, which are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (either a return on investment within operating cash flows or a return in excess of cumulative earnings within investing cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (flows. During 2016, we received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.57 65.10 Td ($33.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 65.10 Td ( more in total cash distributions from equity method investees than we did in ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2015 due to the suspension of operations of retained RC facilities, a decrease in RC facility installations by ) Tj ET Q q 0 0 0 rg BT 480.55 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 486.31 742.10 Td (inuum Group and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (an increase in invested facilities.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 710.53505859375 m 192.2265625 710.53505859375 l s q 0 0 0 rg BT 50.00 712.10 Td (Cash flow from investing activities) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 692.7669921875 m 238.486328125 692.7669921875 l s q 0 0 0 rg BT 50.00 694.10 Td (Maturity of investments in securities, r) Tj ET Q q 0 0 0 rg BT 204.05 694.10 Td (estricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 677.10 Td (e are required to provide collateral in the form of restricted cash for certain letters of credit for future payments related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (royalty indemnification obligations and other payments as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 665.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.27 665.10 Td ( of the Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (included in Item 8 of this Report. Cash is pledged as security for letters of credit in the same amount as the obligations. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (2016, we ceased to pledge investments to support these letters of credit and instead used restricted cash as necessary) Tj ET Q q 0 0 0 rg BT 514.48 641.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 622.7669921875 m 274.609375 622.7669921875 l s q 0 0 0 rg BT 50.00 624.10 Td (Acquisition and disposal of pr) Tj ET Q q 0 0 0 rg BT 170.19 624.10 Td (operty and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (Acquisitions of property and equipment were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.84 607.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.73 607.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.17 607.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.06 607.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.42 607.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 607.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 595.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 181.25 595.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 576.7669921875 m 266.8994140625 576.7669921875 l s q 0 0 0 rg BT 50.00 578.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 578.10 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 95.63 578.10 Td (om the sale of pr) Tj ET Q q 0 0 0 rg BT 162.48 578.10 Td (operty and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (Proceeds from the sale of property and equipment were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.09 561.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.98 561.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.42 561.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.31 561.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.66 561.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.25 561.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 549.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 549.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 198.18 549.10 Td (. During 2015, we disposed of property and equipment related to the termination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (manufacturing operations at our BCSI fabrication facility) Tj ET Q q 0 0 0 rg BT 278.73 537.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 518.7669921875 m 160.41015625 518.7669921875 l s q 0 0 0 rg BT 50.00 520.10 Td (Advance on note r) Tj ET Q q 0 0 0 rg BT 122.66 520.10 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (In December 2014, we loaned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.73 503.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.62 503.10 Td ( to an independent third party to provide financing for the pursuit of emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (technology projects, bearing annual interest of 8%. Interest and principal were payable at maturity of the agreement in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (2015. In March 2015, we loaned an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.17 479.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.06 479.10 Td ( to the third party) Tj ET Q q 0 0 0 rg BT 354.84 479.10 Td (, also bearing annual interest at 8%. ) Tj ET Q q 0 0 0 rg BT 499.52 479.10 Td (All interest and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (principal payments under both loans were then deferred until March 2018.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 448.7669921875 m 149.7216796875 448.7669921875 l s q 0 0 0 rg BT 50.00 450.10 Td (Acquisition of a business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (During March 2015, we acquired certain assets of Clearview) Tj ET Q q 0 0 0 rg BT 292.32 433.10 Td (, which operated as ) Tj ET Q q 0 0 0 rg BT 371.46 433.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 392.57 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.52 433.10 Td (Analytics, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.01 433.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.90 433.10 Td ( cash, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 421.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.03 421.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report, $2.1 million of which was paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (during 2015, with the balance being paid in 2014. ) Tj ET Q q 0 0 0 rg BT 251.17 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 259.80 409.10 Td (e acquired the in-process research and development assets of Clearview in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (order to potentially commercialize and expand our analytics services available to customers. However) Tj ET Q q 0 0 0 rg BT 458.06 397.10 Td (, in ) Tj ET Q q 0 0 0 rg BT 472.78 397.10 Td (August 2015, as part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (of a broader strategic restructuring of our business to simplify our operating structurein a manner that creates increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (customer focus, better supports sales and product delivery and also aligns our cost structure as the EC market shifts towards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (compliance solutions for the MA) Tj ET Q q 0 0 0 rg BT 181.09 361.10 Td (TS, our management approved an action to wind down operations of ) Tj ET Q q 0 0 0 rg BT 457.69 361.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 478.80 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.75 361.10 Td (Analytics.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 342.7669921875 m 153.3056640625 342.7669921875 l s q 0 0 0 rg BT 50.00 344.10 Td (Equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (On February 10, 2014, we purchased a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 327.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.29 327.10 Td ( membership interest in RCM6, which owned a single RC facility that produced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (RC that qualified for Section 45 tax credits. ) Tj ET Q q 0 0 0 rg BT 226.35 315.10 Td (As part of the purchase, we were subject to quarterly capital calls and variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (payments based upon dif) Tj ET Q q 0 0 0 rg BT 149.52 303.10 Td (ferences in originally forecasted RC production as of the purchase date and actual quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (production. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.85 291.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.43 291.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.87 291.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.87 291.10 Td (, we funded capital calls and made variable payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.73 291.10 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 279.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 279.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 279.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 199.88 279.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 260.7669921875 m 240.87890625 260.7669921875 l s q 0 0 0 rg BT 50.00 262.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 262.10 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 95.63 262.10 Td (om sale of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (As discussed in Note 7 of the Consolidated Financial Statements included in Item 8 of this Report, we sold our investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (RCM6 in March 2016. Proceeds from the sale included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.84 233.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 233.10 Td ( in cash and the assumption, by the buyer) Tj ET Q q 0 0 0 rg BT 487.58 233.10 Td (, of all unpaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (amounts outstanding under the original note payable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (As discussed within the Results of Operations and the operating cash flow activities above, our investing cash flow may also be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (significantly impacted by the classification of cash distributions from equity method investees as either a return on investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (within operating cash flows or a return in excess of investment basis within investing cash flows. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 161.53505859375002 m 195.009765625 161.53505859375002 l s q 0 0 0 rg BT 50.00 163.10 Td (Cash flow from financing activities) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 144.76699218750002 m 140.751953125 144.76699218750002 l s q 0 0 0 rg BT 50.00 146.10 Td (Short term borr) Tj ET Q q 0 0 0 rg BT 112.41 146.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (On June30, 2016, we, the required lenders under the Credit ) Tj ET Q q 0 0 0 rg BT 291.05 134.10 Td (Agreement and the ) Tj ET Q q 0 0 0 rg BT 369.08 134.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 431.02 134.10 Td (Agent agreed to terminate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 122.10 Td (Agreement, and we paid all outstanding amounts owed under the Credit ) Tj ET Q q 0 0 0 rg BT 366.32 122.10 Td (Agreement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.07 122.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.96 122.10 Td (. During the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 110.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 110.10 Td (, we paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.84 110.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.73 110.10 Td ( in debt issuance costs related to the Second ) Tj ET Q q 0 0 0 rg BT 420.19 110.10 Td (Amendment and amendment fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (related to the Line of Credit. ) Tj ET Q q 0 0 0 rg BT 165.80 98.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 215.70 98.10 Td (, during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.11 98.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.69 98.10 Td (, we paid a debt prepayment penalty of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 86.10 Td ( due to paying of) Tj ET Q q 0 0 0 rg BT 166.47 86.10 Td (f the Credit ) Tj ET Q q 0 0 0 rg BT 213.96 86.10 Td (Agreement prior to maturity) Tj ET Q q 0 0 0 rg BT 326.34 86.10 Td (.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 138.8623046875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Notes payable activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 725.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 725.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 725.10 Td ( we used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.14 725.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.47 725.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.37 725.10 Td ( cash, respectively) Tj ET Q q 0 0 0 rg BT 487.29 725.10 Td (, for repayments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (of principal on the RCM6 and the DSI Business Owner notes payable, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.49 713.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.43 713.10 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Statements included in Item 8 of this Report. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 682.7669921875 m 135.72265625 682.7669921875 l s q 0 0 0 rg BT 50.00 684.10 Td (Equity awar) Tj ET Q q 0 0 0 rg BT 98.79 684.10 Td (d activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 667.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 667.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 667.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 667.10 Td (, we used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.54 667.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.43 667.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.87 667.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.76 667.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 473.42 667.10 Td (, for the repurchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (shares to satisfy tax withholdings upon the vesting of equity based awards. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 621.10 Td (Y) Tj ET Q q 0 0 0 rg BT 54.64 621.10 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.85 621.10 Td (December31, 2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.44 621.10 Td ( Compar) Tj ET Q q 0 0 0 rg BT 210.35 621.10 Td (ed to Y) Tj ET Q q 0 0 0 rg BT 237.21 621.10 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.42 621.10 Td (December31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.01 621.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (Cash, cash equivalents and restricted cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.22 597.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.63 597.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.07 597.10 Td ($36.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 597.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.12 597.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.71 597.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.49 597.10 Td ($21.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.38 597.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 585.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 585.10 Td (a decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.94 585.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.27 585.10 Td ($15.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.16 585.10 Td (, primarily due to an increase in expenses and cash expenditures for payroll and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.10 Td (benefits, legal and professional fees and general and administrative costs. ) Tj ET Q q 0 0 0 rg BT 345.46 573.10 Td (Additional decreases in cash were related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (acquisitions of property and equipment, cost method investments and equity method investees of $2.9 million, payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (settlement royalties of $3.7 million, and payments related to extended equipment contracts of $8.7 million. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 510.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 510.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 510.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 510.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 480.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 480.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 480.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.60 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 450.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 450.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 450.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 525.6 m 434.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 525.6 m 438.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 525.6 m 498.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 525.6 m 434.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 510.6 m 434.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 525.6 m 498.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 510.6 m 498.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 525.6 m 562.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 510.6 m 562.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 510.6 m 370.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 450.6 m 434.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 436.6 m 434.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 434.6 m 434.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 450.6 m 498.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 436.6 m 498.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 434.6 m 498.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 450.6 m 562.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 436.6 m 562.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 434.6 m 562.5 434.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.05 529.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 514.85 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.66 514.85 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 514.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 514.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.85 514.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.17 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 485.27 Td (Operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 485.32 Td (\(29,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 485.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 485.32 Td (\(40,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 485.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 485.27 Td (10,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 470.27 Td (Investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 470.27 Td (4,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 470.27 Td (32,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 470.32 Td (\(28,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 455.27 Td (Financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 455.27 Td (10,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 455.32 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 455.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 455.27 Td (11,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.17 Td (Net change in Cash and Cash Equivalents and Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 440.32 Td (\(15,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 440.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 440.32 Td (\(9,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 440.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 440.32 Td (\(6,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 440.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 425.03 462.37 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 418.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 418.10 Td (, the following table summarizes the cash flows of ) Tj ET Q q 0 0 0 rg BT 303.56 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 309.32 418.10 Td (inuum Group, whose cash distributions to us most ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 413.03 302.13 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 406.10 Td (significantly impact our consolidated cash flow results, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.13 406.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.72 406.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 406.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.16 406.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 522.82 406.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 367.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 367.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 367.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 367.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 367.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 367.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 339.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 311.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 311.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 311.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 311.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 311.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 311.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 311.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 283.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 283.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 283.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 283.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 283.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 283.60 57.00 -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 384.5 381.6 m 440.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 381.6 m 444.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 381.6 m 501.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 381.6 m 505.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 381.6 m 562.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 367.6 m 380.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 381.6 m 440.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 367.6 m 440.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 381.6 m 444.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 381.6 m 501.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 367.6 m 501.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 381.6 m 505.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 367.6 m 505.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 381.6 m 562.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 367.6 m 562.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 367.6 m 380.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 367.6 m 440.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 367.6 m 501.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 367.6 m 505.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 367.6 m 562.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 297.6 m 440.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 297.6 m 501.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 297.6 m 505.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 297.6 m 562.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 297.6 m 440.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 297.6 m 501.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 297.6 m 505.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 297.6 m 562.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 283.6 m 440.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 270.6 m 440.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 268.6 m 440.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 283.6 m 501.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 270.6 m 501.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 268.6 m 501.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 283.6 m 505.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 270.6 m 505.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 268.6 m 505.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 283.6 m 562.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 270.6 m 562.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 268.6 m 562.5 268.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.55 385.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 371.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 371.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.50 371.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.35 371.83 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.17 Td (Tinuum Group cash, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 358.17 Td (3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 358.17 Td (11,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 358.22 Td (\(7,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 358.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.17 Td (Cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 330.17 Td (Operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 330.17 Td (37,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 330.17 Td (83,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 330.22 Td (\(45,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 330.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 316.17 Td (Investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.80 316.22 Td (\(30,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 316.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 316.22 Td (\(9,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 316.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 316.22 Td (\(20,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 316.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 302.17 Td (Financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 302.22 Td (\(5,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 302.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 302.22 Td (\(81,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 302.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 302.17 Td (76,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.17 Td (Net change in cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 288.17 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 288.22 Td (\(7,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 288.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 288.17 Td (10,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 274.17 Td (Tinuum Group cash, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 274.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 274.17 Td (6,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 274.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 274.17 Td (3,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 274.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 274.17 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 251.53505859375002 m 194.4482421875 251.53505859375002 l s q 0 0 0 rg BT 50.00 253.10 Td (Cash flow from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (Cash flows used in operating activities reflect the timing of our working capital requirements, in addition to other items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (discussed herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.10 Td (Our cash expenditures for legal and professional fees our ef) Tj ET Q q 0 0 0 rg BT 288.34 207.10 Td (forts related to the Restatement and the SEC Inquiry increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td ($2.9 million from the prior year primarily due to our ef) Tj ET Q q 0 0 0 rg BT 270.04 195.10 Td (forts related to the Restatement and the SEC Inquiry) Tj ET Q q 0 0 0 rg BT 478.78 195.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Deferred revenue and project costs resulted in a change in the use of operating cash flows on a net basis of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.46 178.10 Td ($7.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.35 178.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (production of ) Tj ET Q q 0 0 0 rg BT 106.10 166.10 Td (ACI and DSI equipment systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 149.10 Td ( reduction in advanced deposits received related to royalty earnings from ) Tj ET Q q 0 0 0 rg BT 350.55 149.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.30 149.10 Td (inuum Group negatively impacted operating cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (flows by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 137.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.11 137.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 137.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.44 137.10 Td ( for the years December 31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 430.10 137.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (Our operating cash flow may also be significantly impacted by distributions from our equity investees, which are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (either a return on investment within operating cash flows or a return in excess of cumulative earnings within investing cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (flows. ) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 192.2265625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Cash flow from investing activities) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 723.9169921875 m 204.052734375 723.9169921875 l s q 0 0 0 rg BT 50.00 725.25 Td (Acquisition of pr) Tj ET Q q 0 0 0 rg BT 116.85 725.25 Td (operty and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Acquisitions of property and equipment were $0.5 million in 2015. During 2015 and 2014, we used investing cash flows for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (purchase of equipment and leasehold improvements.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 677.9169921875 m 160.41015625 677.9169921875 l s q 0 0 0 rg BT 50.00 679.25 Td (Advance on note r) Tj ET Q q 0 0 0 rg BT 122.66 679.25 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (In December 2014, we loaned $0.5 million to an independent third party to provide financing for the pursuit of emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (technology projects, bearing annual interest of 8%. Interest and principal were payable at maturity of the agreement in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (2015. In March 2015, we loaned an additional $0.5 million to the third party) Tj ET Q q 0 0 0 rg BT 354.84 638.25 Td (, also bearing annual interest at 8%. ) Tj ET Q q 0 0 0 rg BT 499.52 638.25 Td (All interest and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (principal payments on both loans were then deferred until March 2018. ) Tj ET Q q 0 0 0 rg BT 336.59 626.25 Td (As of December 31, 2015, we had recorded an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (allowance against the entire principal balance of the note receivable outstanding, reversed accrued interest and put the note on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (non-accrual status.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 583.9169921875 m 149.7216796875 583.9169921875 l s q 0 0 0 rg BT 50.00 585.25 Td (Acquisition of a business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (During March 2015, we acquired certain assets of Clearview) Tj ET Q q 0 0 0 rg BT 292.32 568.25 Td (, which operated as ) Tj ET Q q 0 0 0 rg BT 371.46 568.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 392.57 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 394.52 568.25 Td (Analytics, for $2.4 million cash, $2.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (million of which was paid in 2014. ) Tj ET Q q 0 0 0 rg BT 192.03 556.25 Td (W) Tj ET Q q 0 0 0 rg BT 200.66 556.25 Td (e acquired the in-process research and development assets of Clearview in order to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (potentially commercialize and expand our analytics services available to customers. However) Tj ET Q q 0 0 0 rg BT 424.18 544.25 Td (, in ) Tj ET Q q 0 0 0 rg BT 438.91 544.25 Td (August 2015, as part of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (broader strategic restructuring of our business to simplify our operating structurein a manner that creates increased customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (focus, better supports sales and product delivery and also aligns our cost structure as the emissions control market shifts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (towards compliance solutions for MA) Tj ET Q q 0 0 0 rg BT 200.53 508.25 Td (TS, our management approved an action to wind down operations of ) Tj ET Q q 0 0 0 rg BT 477.13 508.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 498.25 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 500.20 508.25 Td (Analytics.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 489.9169921875 m 225.244140625 489.9169921875 l s q 0 0 0 rg BT 50.00 491.25 Td (Equity method and cost method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.25 Td (During 2015, there was a decrease in distributions from equity method investments presented within the investing section due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (to a decrease in year over year distributions in excess of cumulative earnings from ) Tj ET Q q 0 0 0 rg BT 381.37 462.25 Td (T) Tj ET Q q 0 0 0 rg BT 387.12 462.25 Td (inuum Group. During 2015 and 2014, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (cash distributions from ) Tj ET Q q 0 0 0 rg BT 144.53 450.25 Td (T) Tj ET Q q 0 0 0 rg BT 150.29 450.25 Td (inuum Group were included within investing cash flows as returns of our equity investment in ) Tj ET Q q 0 0 0 rg BT 529.20 450.25 Td (T) Tj ET Q q 0 0 0 rg BT 534.96 450.25 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (On February 10, 2014, we purchased a 24.95% equity interest in RCM6 for consideration of $2.4 million in cash and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (execution of a $13.3 million note payable. During the year ended December31, 2015, we also funded capital calls and made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (variable payments of $2.4 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td (In November 2014, we acquired an 8% interest in Highview for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.70 380.25 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.59 380.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 361.68505859375 m 195.009765625 361.68505859375 l s q 0 0 0 rg BT 50.00 363.25 Td (Cash flow from financing activities) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 344.9169921875 m 305.009765625 344.9169921875 l s q 0 0 0 rg BT 50.00 346.25 Td (Short term borr) Tj ET Q q 0 0 0 rg BT 112.41 346.25 Td (owings and r) Tj ET Q q 0 0 0 rg BT 164.27 346.25 Td (epayment of short term borr) Tj ET Q q 0 0 0 rg BT 276.67 346.25 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (In October 2015, we entered into the Credit ) Tj ET Q q 0 0 0 rg BT 226.34 329.25 Td (Agreement from which we received net proceeds of$13.5 millionand recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (debt discounts and debt issuance costs of $1.5 million. ) Tj ET Q q 0 0 0 rg BT 270.07 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.71 317.25 Td (e made principal payments of $1.8 million during 2015. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 298.9169921875 m 135.72265625 298.9169921875 l s q 0 0 0 rg BT 50.00 300.25 Td (Equity awar) Tj ET Q q 0 0 0 rg BT 98.79 300.25 Td (d activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (During 2014, we received proceeds from the exercise of options. During 2015 and 2014, we repurchased shares from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (employees upon the vesting of equity awards or upon options being exercised to cover the minimum statutory tax withholdings. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 252.9169921875 m 138.8623046875 252.9169921875 l s q 0 0 0 rg BT 50.00 254.25 Td (Notes payable activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (During the years ended December31, 2015 and 2014, we used $1.5 million and $0.2 million cash, respectively) Tj ET Q q 0 0 0 rg BT 493.69 237.25 Td (, for repayments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (of principal on the RCM6 and DSI Business Owner notes payable. Principal payments increased from 2014 to 2015, as we did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (not purchase RCM6 until the first quarter of 2014, and limited payments during 2014 were applied to the RCM6 note principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (balance. ) Tj ET Q q 0 0 0 rg BT 84.98 201.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 134.88 201.25 Td (, we did not terminate our consulting agreement with the DSI Business Owner until December 31, 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (at which time the Company recorded a note payable for remaining amounts owed.) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Our contractual obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.57 724.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.16 724.25 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.75 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 679.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 679.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 679.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 679.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 679.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.75 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 649.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 649.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 649.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 649.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 649.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 700.75 m 326.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 700.75 m 330.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 700.75 m 385.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 700.75 m 389.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 700.75 m 444.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 700.75 m 448.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 700.75 m 503.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 700.75 m 507.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 700.75 m 562.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 679.75 m 267.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 679.75 m 326.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 679.75 m 385.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 679.75 m 444.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 679.75 m 503.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 679.75 m 562.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 634.75 m 326.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 620.75 m 326.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 618.75 m 326.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 634.75 m 385.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 620.75 m 385.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 618.75 m 385.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 634.75 m 444.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 620.75 m 444.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 618.75 m 444.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 634.75 m 503.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 620.75 m 503.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 618.75 m 503.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 634.75 m 562.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 620.75 m 562.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 618.75 m 562.5 618.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.90 704.98 Td (Payment Due by Period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 684.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.75 683.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.15 691.98 Td (Less than 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 683.98 Td (year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.05 683.98 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.05 683.98 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 683.98 Td (After 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.42 Td (Operating leases \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 669.42 Td (787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 669.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 669.42 Td (442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 669.42 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 669.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 654.42 Td (Purchase obligations \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 654.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 639.42 Td (Settlement and royalty indemnification \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 639.42 Td (11,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 639.42 Td (5,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 639.42 Td (5,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 639.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 639.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 624.42 Td (11,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 624.42 Td (5,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 624.42 Td (5,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 624.42 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 624.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 604.45 Td (\(a\) In December 2016, the Company entered into an agreement to terminate its lease agreement covering approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.83 604.45 Td (37 thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.58 604.45 Td ( square ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 593.65 Td (feet of of) Tj ET Q q 0 0 0 rg BT 82.82 593.65 Td (fice space. Concurrently) Tj ET Q q 0 0 0 rg BT 169.94 593.65 Td (, the Company entered into a new lease agreement covering approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.34 593.65 Td (8 thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.59 593.65 Td ( square feet of of) Tj ET Q q 0 0 0 rg BT 541.40 593.65 Td (fice ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 582.85 Td (space. ) Tj ET Q q 0 0 0 rg BT 73.99 582.85 Td (As a result, future minimum commitments under leases are reflective of the new lease commitment.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 566.05 Td (\(b\) Purchase obligations do not include commitments pursuant to subcontracts and/or other purchase orders related to equipment contracts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 555.25 Td (since such amounts are expected to be funded under contract billings. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 538.45 Td (\(c\) Future cash payments related to the Royalty ) Tj ET Q q 0 0 0 rg BT 222.45 538.45 Td (A) Tj ET Q q 0 0 0 rg BT 228.12 538.45 Td (ward may dif) Tj ET Q q 0 0 0 rg BT 275.94 538.45 Td (fer from the payment amounts included within the above schedule due to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 527.65 Td (actual future obligations not being equal to current estimates. If such dif) Tj ET Q q 0 0 0 rg BT 309.26 527.65 Td (ferences were to occur) Tj ET Q q 0 0 0 rg BT 390.10 527.65 Td (, these changes would also impact our results ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 516.85 Td (of operations and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 499.85 Td (e have not included obligations related to 453A) Tj ET Q q 0 0 0 rg BT 247.76 499.85 Td ( interest payments due to uncertainty of amounts payable in future periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.85 Td (relating to matters impacting future obligations such as the balance deferred under the installment method at each future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.85 Td (balance sheet date and changes in interest rates. If no additional RC facilities become invested in the future, the deferred gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.85 Td (balance would decrease and interest payments, assuming no changes in the applicable interest rate, would also decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.85 Td (throughout the periods in the table above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.85 Td (Outstanding letters of credit were issued in connection with equipment sales agreements, collateral support for future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.85 Td (obligations due under the Royalty ) Tj ET Q q 0 0 0 rg BT 187.48 421.85 Td (A) Tj ET Q q 0 0 0 rg BT 193.78 421.85 Td (ward and other items. ) Tj ET Q q 0 0 0 rg BT 282.37 421.85 Td (A) Tj ET Q q 0 0 0 rg BT 289.04 421.85 Td ( summary of the information related to our letters of credit is as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.85 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.35 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 344.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 344.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 344.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 344.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 344.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 344.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 344.35 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 384.35 m 217.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 384.35 m 221.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 384.35 m 286.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 384.35 m 217.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 369.35 m 217.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 384.35 m 221.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 369.35 m 221.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 384.35 m 286.5 384.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 369.35 m 286.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 344.35 m 148.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 369.35 m 217.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 344.35 m 217.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 369.35 m 286.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 344.35 m 286.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 369.35 m 355.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 344.35 m 355.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 369.35 m 359.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 369.35 m 424.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 344.35 m 424.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 369.35 m 428.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 369.35 m 493.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 344.35 m 493.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 369.35 m 497.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 369.35 m 562.5 369.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 344.35 m 562.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 344.35 m 217.5 344.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 344.35 m 286.5 344.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.90 388.58 Td (T) Tj ET Q q 0 0 0 rg BT 192.50 388.58 Td (otal Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.95 373.58 Td (As of December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 373.58 Td (Expiration of Letters of Cr) Tj ET Q q 0 0 0 rg BT 423.34 373.58 Td (edit as of December) Tj ET Q q 0 0 0 rg BT 490.50 373.58 Td ( 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 348.60 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.50 348.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 348.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 348.58 Td (Less than 1 year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.05 348.58 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 348.58 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.35 348.58 Td (After) Tj ET Q q 0 0 0 rg BT 525.41 348.58 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.02 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.15 334.02 Td (15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 334.02 Td (12,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 334.02 Td (10,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 334.02 Td (4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 334.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 334.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 334.02 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.85 Td (Additional information related to the letters of credit is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.09 311.85 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 311.85 Td ( to the Consolidated Financial Statements included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.85 Td (in Item 8 of this Report. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.85 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 282.85 Td (Arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.85 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 265.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 265.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 265.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 265.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.27 265.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.27 265.85 Td (, we did not engage in any of) Tj ET Q q 0 0 0 rg BT 281.17 265.85 Td (f-balance sheet financing activities other than those included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.85 Td (Contractual Obligations discussion above and those reflected in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.04 253.85 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.97 253.85 Td ( to the Consolidated Financial Statements included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.85 Td (Item 8 of this Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.85 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 217.85 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.85 Td (Our significant accounting policies are discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.55 199.85 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.49 199.85 Td ( to the Consolidated Financial Statements included in Item 8 of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.85 Td (Report. In presenting our financial statements in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 359.12 187.85 Td (, we are required to make estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.85 Td (assumptions that af) Tj ET Q q 0 0 0 rg BT 127.03 175.85 Td (fect the amounts reported therein. Several of the estimates and assumptions we are required to make relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.85 Td (to matters that are inherently uncertain as they pertain to future events. Our estimates are based on historical experience and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.85 Td (other assumptions believed to be reasonable under the circumstances. and we evaluate these estimates on an ongoing basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.85 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 138.41 139.85 Td (fer from these estimates under dif) Tj ET Q q 0 0 0 rg BT 272.90 139.85 Td (ferent assumptions or conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 121.85 Td (e believe that the accounting estimates discussed below are critical to understanding our historical and future performance, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.85 Td (these estimates relate to the more significant areas involving management) Tj ET Q q 0 0 0 rg BT 347.95 109.85 Td (s judgments and estimates.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 134.6826171875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 721.10 Td (e recognize revenue when: \(i\) persuasive evidence of a customer arrangement exists; \(ii\) the price is fixed or determinable; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (\(iii\) collectability is reasonably assured; and \(v\) product delivery has occurred or services have been rendered and it is probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (that performance guarantees, if any) Tj ET Q q 0 0 0 rg BT 190.67 697.10 Td (, will be met. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 655.10 Td (e enter into contracts that require, over a period of months, the design and construction of emissions control systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (\("extended equipment contracts"\). Revenue from such extended equipment contracts is recorded using the percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (completion, cost to cost method based on costs incurred to date compared with total estimated contract costs. However) Tj ET Q q 0 0 0 rg BT 524.75 631.10 Td (, if there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (is not suf) Tj ET Q q 0 0 0 rg BT 86.49 619.10 Td (ficient information to estimate costs for extended equipment contracts, the completed contract method is used. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Under the completed contract method, revenues and costs from extended equipment contracts are deferred and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (when contract obligations are substantially complete. ) Tj ET Q q 0 0 0 rg BT 265.03 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.67 586.10 Td (e define substantially complete as delivery of equipment and start-up at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (the customer site, and, as applicable to DSI systems, the completion of any major warranty service. Such costs are accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 562.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 562.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.95 562.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.03 562.10 Td ( included in Item 8 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (this Report and typically include direct materials, direct labor and subcontractor costs, and indirect costs related to contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (performance, such as indirect labor) Tj ET Q q 0 0 0 rg BT 190.37 538.10 Td (, supplies, tools and repairs. For each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.97 538.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.56 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.56 538.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.56 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 526.10 Td (, we did not have suf) Tj ET Q q 0 0 0 rg BT 153.13 526.10 Td (ficient information to measure ongoing percentage of completion using a cost to cost method for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (extended equipment contracts, and accordingly) Tj ET Q q 0 0 0 rg BT 237.89 514.10 Td (, the completed contract method of revenue recognition was used for each of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (these years and revenues, and costs are deferred until the equipment is placed into service and contract obligations are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (substantially complete. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (When multiple contracts exist with a single counterparty) Tj ET Q q 0 0 0 rg BT 275.67 469.10 Td (, we evaluate revenue recognition on a contract by contract basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (Provisions for estimated losses on uncompleted contracts are recognized when it has been determined that a loss is probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Costs of revenues include all labor) Tj ET Q q 0 0 0 rg BT 188.17 436.10 Td (, fringe benefits, subcontract labor) Tj ET Q q 0 0 0 rg BT 324.95 436.10 Td (, chemical and coal costs, materials, equipment, supplies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (travel costs and any other costs and expenses directly related to the production of revenue. ) Tj ET Q q 0 0 0 rg BT 413.58 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 418.99 424.10 Td (o the extent that they occur) Tj ET Q q 0 0 0 rg BT 527.16 424.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (recognize estimated loss provisions related to contracts in the period that the potential loss is identified.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (In addition, warranty costs for ) Tj ET Q q 0 0 0 rg BT 172.75 391.10 Td (ACI equipment systems are estimated based on historical experience and are recorded as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (percentage of revenue when the equipment is substantially complete. ) Tj ET Q q 0 0 0 rg BT 328.06 379.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.69 379.10 Td (arranty costs, comprised of the cost of replacement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (materials and direct labor) Tj ET Q q 0 0 0 rg BT 151.50 367.10 Td (, are included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.86 367.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 355.10 Td ( included in Item 8 of this Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 334.10 Td (arranty costs for DSI equipment systems could not be estimated at the time the contracts were entered into due to a lack of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (historical experience manufacturing DSI systems and the resulting claims history) Tj ET Q q 0 0 0 rg BT 373.99 322.10 Td (, if any) Tj ET Q q 0 0 0 rg BT 401.39 322.10 Td (, needed to determine an appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (warranty cost estimate. ) Tj ET Q q 0 0 0 rg BT 144.79 310.10 Td (Therefore, revenue recognition has been deferred until the end of the warranty period, generally 12 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (24 months following substantial completion. ) Tj ET Q q 0 0 0 rg BT 230.55 298.10 Td (As warranty claims are incurred, such costs are deferred within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.44 298.10 Td (Costs in excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.08 286.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.34 286.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.43 286.10 Td ( included in Item 8 of this Report until such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (time that revenue and cost of revenues are recognized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (Additional details related to long-term equipment revenues are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.34 253.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.28 253.10 Td ( of the Consolidated Financial Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (included in Item 8 of this Report.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 218.76699218750002 m 243.8525390625 218.76699218750002 l s q 0 0 0 rg BT 50.00 220.10 Td (Performance Guarantees on Equipment Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (In the normal course of business related to ) Tj ET Q q 0 0 0 rg BT 221.62 199.10 Td (ACI and DSI systems, we may guarantee certain performance thresholds during a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (discrete performance testing period that does not extend beyond six months from the initial test date, the commencement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (which is determined by the customer) Tj ET Q q 0 0 0 rg BT 196.91 175.10 Td (. Performance thresholds include such matters as the achievement of a certain level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (mercury removal and other emissions based upon the injection of a specified quantity of a qualified ) Tj ET Q q 0 0 0 rg BT 449.88 163.10 Td (AC or other chemical at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (specified rate given other plant operating conditions, availability of equipment and electric power usage. In the event the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (equipment fails to perform as specified during the testing period, we may have an obligation to correct or replace the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (equipment. In the event the level of emissions removal is not achieved, we may have a "make right" obligation within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (contract limits. If incurred, guarantees are included within the Equipment sales cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.58 115.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 103.10 Td ( included in Item 8 of this Report. Resolution of these performance guarantees is not expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (result in a material adverse ef) Tj ET Q q 0 0 0 rg BT 167.82 91.10 Td (fect on our operating performance or liquidity in 2017 or beyond. However) Tj ET Q q 0 0 0 rg BT 468.44 91.10 Td (, we will defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (revenues related to these two contracts until the performance guarantee issues are resolved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Additional details related to performance guarantees are described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.93 58.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.87 58.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.31 58.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.25 58.10 Td ( of the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Statements included in Item 8 of this Report.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 108.6083984375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Royalty ) Tj ET Q q 0 0 0 rg BT 82.86 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 88.42 742.10 Td (war) Tj ET Q q 0 0 0 rg BT 103.61 742.10 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.61 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (The Royalty ) Tj ET Q q 0 0 0 rg BT 101.66 724.10 Td (A) Tj ET Q q 0 0 0 rg BT 107.96 724.10 Td (ward at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.17 724.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.75 724.10 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.97 724.10 Td ($1) Tj ET Q q 0 0 0 rg BT 260.60 724.10 Td (1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.49 724.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.32 724.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 724.10 Td ( of total liabilities, and represents our estimate of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (future obligations related to certain future revenues through the second quarter of 2018 generated from a former equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (investment as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.31 700.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.24 700.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report. Our estimate is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (based upon projections of future revenues subject to the Royalty ) Tj ET Q q 0 0 0 rg BT 309.38 688.10 Td (A) Tj ET Q q 0 0 0 rg BT 315.68 688.10 Td (ward. It is reasonably possible that future revenues subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (the Royalty ) Tj ET Q q 0 0 0 rg BT 98.33 676.10 Td (A) Tj ET Q q 0 0 0 rg BT 104.63 676.10 Td (ward may be materially dif) Tj ET Q q 0 0 0 rg BT 212.74 676.10 Td (ferent from those currently projected and changes in estimates will impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.36 664.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 645.7669921875 m 195.517578125 645.7669921875 l s q 0 0 0 rg BT 50.00 647.10 Td (Stock-Based Compensation Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 623.10 Td (e grant certain executives PSU's that vest in equal installments over a period of three years subject to the grantee) Tj ET Q q 0 0 0 rg BT 511.12 623.10 Td (s continuous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (service with us. Each PSU represents a contingent right to receive shares of our common stock if we meet certain performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (measures over the requisite period. Compensation expense is recognized for PSU awards on a straight-line basis over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.48 599.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.46 599.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (year service period based on the estimated fair value at the date of grant using a Monte Carlo simulation model. ) Tj ET Q q 0 0 0 rg BT 498.84 587.10 Td (The Monte ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (Carlo model determines the grant date fair value of the award based upon estimated stock performance compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (projected relative placement of our total stockholder return \(TSR\) for the award period. ) Tj ET Q q 0 0 0 rg BT 410.42 563.10 Td (Approximately 75% of the award is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (based on the relative performance of our ) Tj ET Q q 0 0 0 rg BT 214.47 551.10 Td (TSR performance compared to the respective ) Tj ET Q q 0 0 0 rg BT 398.10 551.10 Td (TSR's of a specified group of peer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (companies and the remaining portion of the award is based on our ) Tj ET Q q 0 0 0 rg BT 316.41 539.10 Td (TSR performance compared to the Russell 3000 Index. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 63.15 527.10 Td (ferent Monte Carlo simulation results could result in a dif) Tj ET Q q 0 0 0 rg BT 293.20 527.10 Td (ferent grant date fair value and could impact the share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (compensation expense we would recognize over the award period in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.84 515.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.20 515.10 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.19 515.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 503.10 Td ( of our Consolidated Financial Statements included in Item 8 of this Report for additional information regarding our PSU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 467.10 Td (e grant certain executives stock options that vest based on performance measures subject to the grantee's continuous service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (with us. Compensation expense is recognized for these options on a straight-line basis over the determinable service period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (based on the estimated fair value at the date of grant using a Black-Scholes model. Dif) Tj ET Q q 0 0 0 rg BT 395.82 443.10 Td (ferent estimates of key inputs in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (Black-Scholes model such as the expected term of an option and the expected volatility of our stock price, as well as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (estimate of the service period, could impact the share-based compensation expense we would recognize over the award period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 407.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.47 407.10 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 407.10 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.39 407.10 Td ( of our Consolidated Financial Statements included in Item 8 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (this Report for additional information regarding our stock option awards.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 376.7669921875 m 104.3408203125 376.7669921875 l s q 0 0 0 rg BT 50.00 378.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 378.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 357.10 Td (e account for income taxes as required by U.S. GAAP) Tj ET Q q 0 0 0 rg BT 273.86 357.10 Td (, under which management judgment is required in determining income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (tax expense and the related balance sheet amounts. ) Tj ET Q q 0 0 0 rg BT 255.57 345.10 Td (This judgment includes estimating and analyzing historical and projected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (future operating results, the reversal of taxable temporary dif) Tj ET Q q 0 0 0 rg BT 293.33 333.10 Td (ferences, tax planning strategies, and the ultimate outcome of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (uncertain income tax positions. ) Tj ET Q q 0 0 0 rg BT 176.92 321.10 Td (Actual income taxes paid may vary from estimates, depending upon changes in income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (laws, actual results of operations, and the final audit of tax returns by taxing authorities. ) Tj ET Q q 0 0 0 rg BT 403.61 309.10 Td (T) Tj ET Q q 0 0 0 rg BT 409.02 309.10 Td (ax assessments may arise several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (years after tax returns have been filed. Changes in the estimates and assumptions used for calculating income tax expense and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (potential dif) Tj ET Q q 0 0 0 rg BT 98.42 285.10 Td (ferences in actual results from estimates could have a material impact on our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (Deferred tax assets and liabilities are determined on the basis of the dif) Tj ET Q q 0 0 0 rg BT 333.61 252.10 Td (ferences between the financial statements and tax basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (of assets and liabilities using enacted tax rates in ef) Tj ET Q q 0 0 0 rg BT 254.48 240.10 Td (fect for the year in which the dif) Tj ET Q q 0 0 0 rg BT 383.41 240.10 Td (ferences are expected to reverse. ) Tj ET Q q 0 0 0 rg BT 515.92 240.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 541.55 240.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 195.10 Td (e recognize deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 104.52 171.10 Td (ferences, projected future taxable income, tax-planning strategies, and results of recent operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (Prior to the fourth quarter of 2016, we were historically in a tax net operating loss position in several jurisdictions in which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (operate, including the U.S. federal jurisdiction, resulting in significant deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 411.66 135.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.30 135.10 Td (e establish a valuation allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (against our deferred tax assets when, based upon the weight of all available evidence, we believe it is more likely than not that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (some portion or all of the deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 311.58 111.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.03 111.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.61 111.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.05 111.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.05 111.10 Td (, we have established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (valuation allowances for our deferred tax assets that in our judgment will not be realized. In making this determination, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (have considered the relative impact of all of the available positive and negative evidence regarding future sources of taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (income and tax planning strategies, including emer) Tj ET Q q 0 0 0 rg BT 253.93 75.10 Td (gence from the previous three-year cumulative loss position, achievement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (four consecutive quarters of profitability and forecasts of continued future profitability under several potential scenarios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.10 Td (materially derived from currently contracted business within the RC segment. However) Tj ET Q q 0 0 0 rg BT 399.78 51.10 Td (, there could be material impact to our ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 742.10 Td (fective tax rate if there is a significant change in our judgment. If and when our judgment changes, then the valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (allowances are adjusted through the provision for income taxes in the period in which this determination is made. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.25 730.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 718.10 Td ( of our Consolidated Financial Statements included in Item 8 of this Report for additional information regarding our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (deferred tax assets and related income tax expense \(benefit\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 682.10 Td (Accounting Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 658.10 Td (Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 658.10 Td ( of the Consolidated Financial Statements included in Item 8 of this Report for information regarding recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (issued accounting standards.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (Item7A. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 254.81 608.10 Td (es ) Tj ET Q q 0 0 0 rg BT 265.09 608.10 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 591.10 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 574.10 Td (e are exposed to market risk from changes in interest rates. Our assets include cash equivalents and restricted cash subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (variable interest rates. 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 478.40 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 465.20 Td (In ) Tj ET Q q 0 0 0 rg BT 63.13 465.20 Td (our ) Tj ET Q q 0 0 0 rg BT 81.75 465.20 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 122.08 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 139.48 465.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 199.04 465.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.48 465.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 291.88 465.20 Td (referred ) Tj ET Q q 0 0 0 rg BT 330.65 465.20 Td (to ) Tj ET Q q 0 0 0 rg BT 343.17 465.20 Td (above ) Tj ET Q q 0 0 0 rg BT 373.39 465.20 Td (present ) Tj ET Q q 0 0 0 rg BT 409.12 465.20 Td (fairly) Tj ET Q q 0 0 0 rg BT 432.23 465.20 Td (, ) Tj ET Q q 0 0 0 rg BT 438.94 465.20 Td (in ) Tj ET Q q 0 0 0 rg BT 451.46 465.20 Td (all ) Tj ET Q q 0 0 0 rg BT 466.42 465.20 Td (material ) Tj ET Q q 0 0 0 rg BT 506.42 465.20 Td (respects, ) Tj ET Q q 0 0 0 rg BT 548.56 465.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 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438.80 Td (, ) Tj ET Q q 0 0 0 rg BT 553.46 438.80 Td (in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 425.60 Td (conformity ) Tj ET Q q 0 0 0 rg BT 101.63 425.60 Td (with ) Tj ET Q q 0 0 0 rg BT 123.93 425.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 146.24 425.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 189.92 425.60 Td (accepted ) Tj ET Q q 0 0 0 rg BT 231.13 425.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 282.14 425.60 Td (principles. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 412.40 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 399.20 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 399.20 Td (e ) Tj ET Q q 0 0 0 rg BT 67.09 399.20 Td (have ) Tj ET Q q 0 0 0 rg BT 90.57 399.20 Td (also ) Tj ET Q q 0 0 0 rg BT 111.00 399.20 Td (audited, ) Tj ET Q q 0 0 0 rg BT 148.84 399.20 Td (in ) Tj ET Q q 0 0 0 rg BT 160.11 399.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 212.27 399.20 Td (with ) Tj ET Q q 0 0 0 rg BT 234.54 399.20 Td (the ) Tj ET Q q 0 0 0 rg BT 250.69 399.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 294.95 399.20 Td (of ) Tj ET Q q 0 0 0 rg BT 306.82 399.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.97 399.20 Td (Public ) Tj ET Q q 0 0 0 rg BT 353.79 399.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.68 399.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 452.71 399.20 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 498.81 399.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 528.40 399.20 Td (\(United ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 386.00 Td (States\), ) Tj ET Q q 0 0 0 rg BT 87.34 386.00 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 137.90 386.00 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 189.10 386.00 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 239.39 386.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 262.15 386.00 Td (and ) Tj ET Q q 0 0 0 rg BT 284.00 386.00 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 338.79 386.00 Td ( ) Tj ET Q q 0 0 0 rg BT 344.76 386.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 384.33 386.00 Td (control ) Tj ET Q q 0 0 0 rg BT 421.45 386.00 Td (over ) Tj ET Q q 0 0 0 rg BT 446.97 386.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.42 386.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 537.71 386.00 Td (as ) Tj ET Q q 0 0 0 rg BT 552.84 386.00 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 372.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 113.70 372.80 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 135.70 372.80 Td (, ) Tj ET Q q 0 0 0 rg BT 140.45 372.80 Td (based ) Tj ET Q q 0 0 0 rg BT 167.50 372.80 Td (on ) Tj ET Q q 0 0 0 rg BT 180.50 372.80 Td (criteria ) Tj ET Q q 0 0 0 rg BT 213.65 372.80 Td (established ) Tj ET Q q 0 0 0 rg BT 264.53 372.80 Td (in ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 275.09 372.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 312.53 372.80 Td (Contr) Tj ET Q q 0 0 0 rg BT 337.79 372.80 Td (ol ) Tj ET Q q 0 0 0 rg BT 348.35 372.80 Td (- ) Tj ET Q q 0 0 0 rg BT 354.02 372.80 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 401.84 372.80 Td (Framework) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.17 372.80 Td ( ) Tj ET Q q 0 0 0 rg BT 455.17 372.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 484.68 372.80 Td (by ) Tj ET Q q 0 0 0 rg BT 497.68 372.80 Td (the ) Tj ET Q q 0 0 0 rg BT 513.12 372.80 Td (Committee ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 359.60 Td (of ) Tj ET Q q 0 0 0 rg BT 62.17 359.60 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 115.30 359.60 Td (Or) Tj ET Q q 0 0 0 rg BT 126.70 359.60 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 179.81 359.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.98 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.21 359.60 Td (T) Tj ET Q q 0 0 0 rg BT 214.54 359.60 Td (readway ) Tj ET Q q 0 0 0 rg BT 254.80 359.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 313.43 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.00 359.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 352.76 359.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.65 359.60 Td (our ) Tj ET Q q 0 0 0 rg BT 389.32 359.60 Td (report ) Tj ET Q q 0 0 0 rg BT 418.59 359.60 Td (dated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.42 359.60 Td (March13, ) Tj ET Q q 0 0 0 rg BT 493.63 359.60 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 515.63 359.60 Td ( ) Tj ET Q q 0 0 0 rg BT 518.64 359.60 Td (expressed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 346.40 Td (an ) Tj ET Q q 0 0 0 rg BT 63.34 346.40 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 116.39 346.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 152.96 346.40 Td (on ) Tj ET Q q 0 0 0 rg BT 166.92 346.40 Td (the ) Tj ET Q q 0 0 0 rg BT 183.31 346.40 Td (ef) Tj ET Q q 0 0 0 rg BT 191.66 346.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 243.48 346.40 Td (of ) Tj ET Q q 0 0 0 rg BT 254.95 346.40 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 302.50 346.40 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 350.69 346.40 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 397.96 346.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 417.71 346.40 Td (and ) Tj ET Q q 0 0 0 rg BT 436.55 346.40 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 491.34 346.40 Td ( ) Tj ET Q q 0 0 0 rg BT 494.29 346.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 530.85 346.40 Td (control ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 333.20 Td (over ) Tj ET Q q 0 0 0 rg BT 72.30 333.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.52 333.20 Td (reporting.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (/s/ Hein & ) Tj ET Q q 0 0 0 rg BT 97.97 272.00 Td (Associates LLP) Tj ET Q q 0 0 0 rg BT 166.92 272.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 246.80 Td (Denver) Tj ET Q q 0 0 0 rg BT 81.93 246.80 Td (, Colorado) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 233.60 Td (March13, ) Tj ET Q q 0 0 0 rg BT 97.96 233.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.96 233.60 Td ( ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.60 758.25 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.85 746.25 Td (Consolidated Balance Sheets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 709.75 395.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 709.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 709.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 709.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 709.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 680.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 680.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 680.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 680.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 680.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 650.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 650.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 650.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 620.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 620.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 620.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 590.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 590.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 590.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 560.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 560.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 560.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 530.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 530.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 530.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 500.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 500.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 500.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 470.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 470.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 470.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 441.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 441.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 441.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 411.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 411.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 411.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 381.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 381.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 351.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 351.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 321.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 321.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 291.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 291.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 291.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 261.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 261.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 231.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 231.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 201.75 395.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 201.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 201.75 55.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 201.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 201.75 55.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 151.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 151.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 151.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 121.75 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 121.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 121.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 722.75 m 503 722.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 722.75 m 507 722.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 722.75 m 562 722.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 709.75 m 503 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 709.75 m 562 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 709.75 m 444 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 709.75 m 503 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 709.75 m 562 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 590.75 m 503 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 575.75 m 503 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 590.75 m 562 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 575.75 m 562 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 470.75 m 503 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 456.75 m 503 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 454.75 m 503 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 470.75 m 562 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 456.75 m 562 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 454.75 m 562 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 321.75 m 503 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 321.75 m 562 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 306.75 m 503 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 321.75 m 562 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 306.75 m 562 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 306.75 m 503 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 306.75 m 562 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 261.75 m 503 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 261.75 m 562 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 246.75 m 503 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 246.75 m 562 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 136.75 m 503 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 121.75 m 503 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 136.75 m 562 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 121.75 m 562 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 107.75 m 503 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 105.75 m 503 105.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 107.75 m 562 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 105.75 m 562 105.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.45 726.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 714.00 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 135.19 714.00 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 713.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 713.98 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 700.43 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 685.42 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 670.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 670.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 670.42 Td (13,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 670.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 670.42 Td (9,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 655.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 655.42 Td (13,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 655.42 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 640.42 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 640.42 Td (8,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 640.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 625.42 Td (Receivables, related parties, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 625.42 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 625.42 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 610.42 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 610.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 610.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 595.42 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 595.42 Td (1,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 595.42 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 580.42 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 580.42 Td (38,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 580.42 Td (24,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 565.42 Td (Restricted cash, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 565.42 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 550.42 Td (Property and equipment, net of accumulated depreciation of $2,920 and $4,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 550.42 Td (735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 550.42 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 535.42 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 535.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 520.42 Td (Cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 520.42 Td (1,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 520.42 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 505.42 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 505.42 Td (3,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 505.42 Td (17,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 490.42 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 490.42 Td (61,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 490.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 475.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 475.42 Td (1,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 475.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 460.42 Td (Total Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 460.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 460.42 Td (107,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 460.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 460.42 Td (60,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 446.43 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 115.15 446.43 Td (AND ST) Tj ET Q q 0 0 0 rg BT 151.36 446.43 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 225.63 446.43 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 267.21 446.43 Td ( \(DEFICIT\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 431.42 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 416.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 416.42 Td (1,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 416.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 416.42 Td (6,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 401.42 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 401.42 Td (2,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 401.42 Td (5,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 386.42 Td (Current portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 386.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 386.42 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 371.42 Td (Billings in excess of costs on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 371.42 Td (4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 371.42 Td (9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 356.42 Td (Short-term borrowings, net of discount and deferred loan costs, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 356.42 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 341.42 Td (Legal settlements and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 341.42 Td (10,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 341.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 326.42 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 326.42 Td (4,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 326.42 Td (7,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 311.42 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 311.42 Td (23,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 311.42 Td (50,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 296.42 Td (Long-term portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 296.42 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 281.42 Td (Legal settlements and accruals, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 281.42 Td (5,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 281.42 Td (13,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 266.42 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 266.42 Td (2,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 266.42 Td (8,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 251.42 Td (Total Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 251.42 Td (31,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 251.42 Td (85,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 236.42 Td (Commitments and contingencies \(Note 14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 236.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 236.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 221.42 Td (Stockholders equity \(deficit\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 206.42 Td (Preferred stock: par value of $.001 per share, 50,000,000 shares authorized, none outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 191.42 Td (Common stock: par value of $.001 per share, 100,000,000 shares authorized, 22,322,022 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 181.42 Td (21,943,872 shares issued and 22,024,675 and 21,809,164 shares outstanding at December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 171.42 Td (2016 and 2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 171.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 171.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 156.42 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 156.42 Td (119,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 156.42 Td (116,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 141.42 Td (Accumulated deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 141.47 Td (\(43,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 141.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 141.47 Td (\(141,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 141.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 126.42 Td (Total stockholders equity \(deficit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 126.42 Td (76,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 126.47 Td (\(24,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 126.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 111.42 Td (Total Liabilities and Stockholders Equity \(Deficit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 111.42 Td (107,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 111.42 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 92.25 Td (See Notes to the Consolidated Financial Statements.) 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435.75 m 443.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 420.75 m 443.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 420.75 m 502.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 435.75 m 561.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 420.75 m 561.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 315.75 m 443.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 315.75 m 502.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 300.75 m 443.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 300.75 m 502.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 300.75 m 561.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 300.75 m 561.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 270.75 m 443.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 270.75 m 502.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 270.75 m 561.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 270.75 m 443.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 256.75 m 443.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 254.75 m 443.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 270.75 m 502.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 256.75 m 502.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 254.75 m 502.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 270.75 m 561.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 256.75 m 561.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 254.75 m 561.5 254.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.05 710.98 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 690.00 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.66 690.00 Td (in thousands, except per shar) Tj ET Q q 0 0 0 rg BT 148.36 690.00 Td (e data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 168.13 690.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 689.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 689.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 689.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 660.42 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 660.42 Td (46,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 660.42 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 660.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 660.42 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 645.42 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 645.42 Td (3,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 645.42 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 645.42 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 630.42 Td (Consulting services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 630.42 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 630.42 Td (1,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 630.42 Td (4,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 615.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 615.42 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 615.42 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 615.42 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.42 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 585.42 Td (Equipment sales cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 585.42 Td (37,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 585.42 Td (45,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 585.42 Td (9,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 570.42 Td (Chemicals cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 570.42 Td (1,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 570.42 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 570.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 555.42 Td (Consulting services and other cost of revenue, exclusive of depreciation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 545.42 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 545.42 Td (376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 545.42 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 545.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 530.42 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 530.42 Td (12,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 530.42 Td (23,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 530.42 Td (20,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 515.42 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 515.42 Td (2,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 515.42 Td (3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 515.42 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 500.42 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 500.42 Td (8,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 500.42 Td (16,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 500.42 Td (14,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 485.42 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 485.42 Td (3,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 485.42 Td (6,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 485.42 Td (6,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 470.42 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 470.47 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 470.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 470.42 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 455.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 455.42 Td (979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 455.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 455.42 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 440.42 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 440.42 Td (66,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 440.42 Td (104,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 440.42 Td (58,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.42 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 425.47 Td (\(16,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 425.47 Td (\(41,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 425.47 Td (\(41,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 410.42 Td (Other income \(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 395.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 395.42 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 395.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 395.42 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 380.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 380.42 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 380.42 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 380.42 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 365.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 365.42 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 365.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 365.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 350.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 350.47 Td (\(5,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 350.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 350.47 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 350.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 350.47 Td (\(5,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 350.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 335.42 Td (Litigation settlement and royalty indemnity expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 335.42 Td (3,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 335.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 335.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 320.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 320.42 Td (2,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 320.42 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 320.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 305.42 Td (Total other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 305.42 Td (52,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 305.42 Td (11,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 305.42 Td (43,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 290.42 Td (Income \(loss\) before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 290.42 Td (36,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 290.47 Td (\(30,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 290.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 290.42 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 275.42 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 275.47 Td (\(60,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 275.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 275.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 260.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 260.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 260.42 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 260.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 260.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 260.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 260.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 260.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 245.42 Td (Earnings \(loss\) per common share \(Note 1\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 230.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 230.42 Td (4.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 230.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 230.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 230.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 215.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 215.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 215.42 Td (4.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 215.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 215.47 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 215.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 215.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 215.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 200.42 Td (Weighted-average number of common shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 185.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 185.42 Td (21,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 185.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 185.42 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 170.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 170.42 Td (22,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 170.42 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 170.42 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 145.25 Td (See Notes to the Consolidated Financial Statements.) 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(Deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.45 672.98 Td (T) Tj ET Q q 0 0 0 rg BT 496.05 672.98 Td (otalStockholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.90 664.98 Td (Equity \(Deficit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.42 Td (Balances, January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 650.42 Td (21,661,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 650.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 650.42 Td (106,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 650.47 Td (\(112,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 650.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 650.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 650.47 Td (\(6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 650.42 Td 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 605.42 Td (243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 605.42 Td (243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.42 Td (Repurchase of shares to satisfy tax withholdings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.80 580.47 Td (\(114,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 580.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 580.47 Td (\(1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 580.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 580.47 Td (\(1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 565.42 Td (Reclassification and settlement of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 565.42 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 565.42 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 550.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 550.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 550.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 550.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 550.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 550.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 535.42 Td (Balances, December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 535.42 Td (21,853,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 535.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 535.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 535.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 535.42 Td (110,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 535.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 535.47 Td (\(110,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 535.47 Td (\(697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 520.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 520.42 Td (127,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 520.42 Td (6,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 520.42 Td (6,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.42 Td (Clawback of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.80 505.47 Td (\(20,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 505.47 Td (\(325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 505.47 Td (\(325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.42 Td (Repurchase of shares to satisfy tax withholdings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.80 480.47 Td (\(16,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 480.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 480.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 480.47 Td (\(277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 480.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 480.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 480.47 Td (\(277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 480.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 465.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 465.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 465.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 465.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 465.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 465.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 465.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 465.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 450.42 Td (Balances, December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 450.42 Td (21,943,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 450.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 450.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 450.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 450.42 Td (116,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 450.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 450.47 Td (\(141,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 450.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 450.47 Td (\(24,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 450.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 435.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 435.42 Td (405,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 435.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 435.42 Td (2,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 435.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 435.42 Td (2,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 420.42 Td (Repurchase of shares to satisfy tax withholdings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.80 420.47 Td (\(27,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 420.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 420.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 420.47 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 420.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 420.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 420.47 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 420.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 404.42 Td (Reclassification and settlement of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 404.42 Td (899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 404.42 Td (899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 389.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 389.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 389.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 389.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 389.42 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 389.42 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 374.42 Td (Balances, December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.60 374.42 Td (22,322,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 374.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 374.42 Td (119,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 374.47 Td (\(43,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 374.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 374.42 Td (76,165) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 349.25 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (66) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.60 767.25 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.80 755.25 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 743.25 Td (Y) Tj ET Q q 0 0 0 rg BT 210.36 743.25 Td (ears Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.92 743.25 Td (December) Tj ET Q q 0 0 0 rg BT 304.05 743.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.55 743.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.55 743.25 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.55 743.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.67 743.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.67 743.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 706.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 706.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 706.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 706.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 677.75 306.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 677.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 677.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 677.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 677.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 677.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 677.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 607.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 577.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 487.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 487.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 487.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 487.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 457.75 306.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 457.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 457.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 457.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 457.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 457.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 457.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 417.75 306.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 417.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 417.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 417.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 417.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 417.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 417.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 377.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 377.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 377.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 377.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 347.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 347.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 347.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 347.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 347.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 347.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 347.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 317.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 317.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 317.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 317.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 317.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 317.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 317.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 287.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 287.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 287.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 287.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 287.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 287.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 287.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 257.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 257.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 257.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 257.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 257.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 257.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 257.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 227.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 227.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 227.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 227.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 227.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 227.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 227.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 197.75 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 197.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 197.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 197.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 197.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 197.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 197.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 719.75 m 425 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 719.75 m 429 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 719.75 m 494 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 719.75 m 498 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 706.75 m 356 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 719.75 m 425 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 706.75 m 425 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 719.75 m 494 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 706.75 m 494 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 706.75 m 563 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 706.75 m 356 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 706.75 m 425 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 706.75 m 494 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 706.75 m 563 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 197.75 m 425 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 182.75 m 425 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 197.75 m 494 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 182.75 m 494 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 197.75 m 563 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 182.75 m 563 182.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.55 723.98 Td (Years Ended Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 711.00 Td (\() Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.16 711.00 Td (in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 710.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 710.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 710.98 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 697.48 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 108.98 697.48 Td (om operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.32 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 682.42 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 682.47 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 682.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 682.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 682.42 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.32 Td (Adjustments to reconcile net income \(loss\) to net cash used in operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.32 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 643.32 Td (Deferred tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 642.47 Td (\(61,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 642.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 642.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 642.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 628.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 627.42 Td (979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 627.42 Td (2,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 627.42 Td (1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 613.32 Td (Amortization of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 612.42 Td (1,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 612.42 Td (987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 612.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 598.32 Td (Debt prepayment penalty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 597.42 Td (228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 583.32 Td (Impairment of property, equipment, inventory and intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 582.42 Td (520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 582.42 Td (2,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 582.42 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 568.32 Td (Provision for bad debt expense and note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 567.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 567.42 Td (633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 567.42 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 553.32 Td (Interest costs added to principal balance of notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 552.42 Td (923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 552.42 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.32 Td (Consulting expense financed through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 537.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 537.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 537.42 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 523.32 Td (Share-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 522.42 Td (2,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 522.42 Td (7,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 522.42 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 507.42 Td (Clawback of equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 507.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 507.47 Td (\(325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 507.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 492.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 492.47 Td (\(45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 492.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 492.47 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 492.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 492.47 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 492.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 478.32 Td (Gain on sale of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 477.47 Td (\(2,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 477.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 477.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 477.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 462.87 Td (Impairment of cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 462.87 Td (1,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 462.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 462.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 448.32 Td (Gain on settlement of note payable, licensed technology, and sales-type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 438.32 Td (lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 437.47 Td (\(1,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 437.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 437.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 423.32 Td (Other non-cash items, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 422.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 422.42 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 422.42 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 408.32 Td (Changes in operating assets and liabilities, net of effects of acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 398.32 Td (businesses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 383.32 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 382.47 Td (\(301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 382.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 382.42 Td (8,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 382.47 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 382.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 368.32 Td (Related party receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.80 367.47 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 367.47 Td (\(479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 367.47 Td (\(809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 353.32 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 352.42 Td (1,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 352.47 Td (\(107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 352.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 352.47 Td (\(1,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 352.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 338.32 Td (Costs incurred on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 337.42 Td (29,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 337.42 Td (6,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 337.47 Td (\(56,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 323.32 Td (Other long-term assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 322.42 Td (961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 322.42 Td (205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 322.47 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 308.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 307.47 Td (\(4,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 307.47 Td (\(1,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 307.42 Td (2,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 293.32 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 292.47 Td (\(2,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 292.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 292.47 Td (\(102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 292.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 292.42 Td (686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 278.32 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 277.47 Td (\(3,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 277.47 Td (\(812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 277.47 Td (\(672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 263.32 Td (Billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 262.47 Td (\(32,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 262.47 Td (\(15,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 262.42 Td (55,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 247.87 Td (Advance deposit, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 247.92 Td (\(2,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 247.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 247.92 Td (\(3,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 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ET q 0 0 0 rg BT 64.50 203.32 Td (Distributions from equity method investees, return on investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 202.42 Td (7,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 202.42 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 202.42 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 188.32 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 187.47 Td (\(18,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 187.47 Td (\(29,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 187.47 Td (\(40,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 187.42 Td (\)) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (67) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 759.5 m 425 759.5 l s 0 0 0 RG 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494 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 352.5 m 494 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 368.5 m 563 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 354.5 m 563 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 352.5 m 563 352.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 108.98 737.23 Td (om investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 722.62 Td (Distributions from equity method investees in excess of cumulative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 712.62 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 717.62 Td (38,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 717.62 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 717.62 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 698.07 Td (Purchase of investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 697.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 697.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 697.22 Td (\(105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 697.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 683.07 Td (Maturity of investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 682.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 682.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 682.17 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 668.07 Td (Maturity of investment securities, restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 667.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 667.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 667.17 Td (403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 653.07 Td (Acquisition of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 652.22 Td (\(289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 652.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 652.22 Td (\(507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 652.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 652.22 Td (\(1,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 652.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 638.07 Td (Proceeds from sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 637.17 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 637.17 Td (942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 637.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 623.07 Td (Advance on note receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 622.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 622.22 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 622.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 622.22 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 622.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 608.07 Td (Acquisition of business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 607.22 Td (\(2,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 607.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.07 Td (Purchase of cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 592.22 Td (\(2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 592.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 578.07 Td (Purchase of and contributions to equity method investee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 577.22 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 577.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 577.22 Td (\(2,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 577.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 577.22 Td (\(6,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 577.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 563.07 Td (Proceeds from sale of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 562.17 Td (1,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 548.07 Td (Net cash provided by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 547.17 Td (39,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 547.17 Td (4,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 547.17 Td (32,648) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 533.23 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 108.98 533.23 Td (om financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 519.07 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 518.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 518.17 Td (13,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 518.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 504.07 Td (Repayments on short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 503.22 Td (\(13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 503.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 503.22 Td (\(1,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 503.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 503.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 489.07 Td (Repayments on notes payable, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 488.22 Td (\(1,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 488.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 488.22 Td (\(1,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 488.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 488.22 Td (\(238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 488.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.07 Td (Loan costs and amendment fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 473.22 Td (\(751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 473.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 473.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 473.22 Td (\(70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 473.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 459.07 Td (Debt prepayment penalty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 458.22 Td (\(228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 458.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 458.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 458.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 444.07 Td (Proceeds received upon exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 443.17 Td (243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 429.07 Td (Repurchase of shares to satisfy tax withholdings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 428.22 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 428.22 Td (\(276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 428.22 Td (\(1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 414.07 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 413.22 Td (\(15,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 413.17 Td (10,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 413.22 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 398.62 Td (Increase \(Decrease\) in Cash and Cash Equivalents and Restricted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 388.62 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 393.62 Td (5,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 393.67 Td (\(15,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 393.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 393.67 Td (\(9,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 393.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.17 Td (Cash and Cash Equivalents and Restricted Cash, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 373.17 Td (20,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 373.17 Td (36,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 373.17 Td (45,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 358.17 Td (Cash and Cash Equivalents and Restricted Cash, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 358.17 Td (26,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 358.17 Td (20,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 358.17 Td (36,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.17 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 328.17 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 328.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 328.17 Td (3,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 328.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 328.17 Td (6,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 328.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 328.17 Td (5,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 313.17 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 313.17 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 313.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 313.17 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.17 Td (Supplemental disclosure of non-cash investing and financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 283.17 Td (Acquisition of technology license through long-term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 283.17 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 268.17 Td (Acquisition of equity method investment through note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 268.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 268.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 268.17 Td (13,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 253.17 Td (Settlement of RCM6 note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 253.17 Td (13,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 253.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 253.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 238.17 Td (Non-cash reduction of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 238.17 Td (11,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 238.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 238.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 223.17 Td (Stock award reclassification \(liability to equity\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 223.17 Td (899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 223.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 223.17 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 208.17 Td (Issuance of common stock to settle liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 208.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 208.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 208.17 Td (127) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 189.00 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.20 742.25 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 714.68505859375 m 77.490234375 714.68505859375 l s q 0 0 0 rg BT 50.00 716.25 Td (Note 1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 714.68505859375 m 341.943359375 714.68505859375 l s q 0 0 0 rg BT 77.49 716.25 Td ( - Summary of Operations and Significant ) Tj ET Q q 0 0 0 rg BT 258.34 716.25 Td (Accounting Policies) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 697.9169921875 m 135.185546875 697.9169921875 l s q 0 0 0 rg BT 50.00 699.25 Td (Natur) Tj ET Q q 0 0 0 rg BT 72.97 699.25 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.19 699.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.25 Td (Advanced Emissions Solutions, Inc. \("ADES" or the "Company"\) is a Delaware corporation with its principal of) Tj ET Q q 0 0 0 rg BT 499.67 687.25 Td (fice located in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.25 Td (Highlands Ranch, Colorado. ) Tj ET Q q 0 0 0 rg BT 168.69 675.25 Td (The Company is principally engaged in providing environmental and emissions control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.25 Td (equipment, technologies and specialty chemicals to the coal-burning electric power generation industry) Tj ET Q q 0 0 0 rg BT 462.54 663.25 Td (. ) Tj ET Q q 0 0 0 rg BT 467.36 663.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 651.25 Td (generates substantial earnings and tax credits under Section 45 of the Internal Revenue Code \("IRC"\) from its equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.25 Td (investments in certain entities and royalty payment streams related to technologies that are licensed to ) Tj ET Q q 0 0 0 rg BT 459.97 639.25 Td (T) Tj ET Q q 0 0 0 rg BT 465.72 639.25 Td (inuum Group, LLC, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.25 Td (Colorado limited liability company \("T) Tj ET Q q 0 0 0 rg BT 206.48 627.25 Td (inuum Group"\) \(f/k/a Clean Coal Solutions, LLC\). Such technologies allow ) Tj ET Q q 0 0 0 rg BT 511.45 627.25 Td (T) Tj ET Q q 0 0 0 rg BT 517.21 627.25 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.25 Td (Group to provide their customers with various solutions to enhance combustion and reduced emissions of nitrogen oxide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.25 Td (\("NO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 71.86 601.82 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.10 603.25 Td ("\) and mercury from coal burned to generate electrical power) Tj ET Q q 0 0 0 rg BT 319.35 603.25 Td (. ) Tj ET Q q 0 0 0 rg BT 324.17 603.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 383.88 603.25 Td (s sales occur principally throughout the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.25 Td (United States. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 591.25 Td (Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 591.25 Td ( for additional information regarding the Company's operating segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 574.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 574.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.48 574.25 Td (ADES's wholly-owned subsidiaries included:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 557.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 557.25 Td (ADA-ES, Inc. \("ADA"\), a Colorado corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 545.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 545.25 Td (BCSI, LLC \("BCSI"\), a Delaware limited liability company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 533.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 533.25 Td (Advanced Clean Ener) Tj ET Q q 0 0 0 rg BT 173.56 533.25 Td (gy Solutions, LLC \("ACES"\), a Delaware limited liability company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.25 Td (ADEquity) Tj ET Q q 0 0 0 rg BT 126.46 521.25 Td (, LLC \("ADEquity"\), a Delaware limited liability company; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 509.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 509.25 Td ( Environmental Solutions, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 264.60 509.25 Td ( LLC\), a Colorado limited liability company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 497.25 Td (ADA-ES Intellectual Property) Tj ET Q q 0 0 0 rg BT 206.43 497.25 Td (, LLC \(ADA) Tj ET Q q 0 0 0 rg BT 261.70 497.25 Td ( IP\), a Colorado limited liability company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 485.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 485.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 485.25 Td (Analytics, LLC, a Delaware limited liability company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 473.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 107.11 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.06 473.25 Td (Analytics Israel Ltd., an Israel limited liability company \(collectively with ) Tj ET Q q 0 0 0 rg BT 408.42 473.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 429.54 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.48 473.25 Td (Analytics, LLC, "ADA) Tj ET Q q 0 0 0 rg BT 523.89 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 461.25 Td (Analytics"\), which had no operations for the years ended December 31, 2016 and December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 71.11 437.25 Td ( LLC ceased operations in 2012 and ) Tj ET Q q 0 0 0 rg BT 217.47 437.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 238.58 437.25 Td ( IP) Tj ET Q q 0 0 0 rg BT 249.60 437.25 Td ( has had no operations since inception.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 Td (During 2015, the Company elected to cease the operations of ) Tj ET Q q 0 0 0 rg BT 296.32 420.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 317.43 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.38 420.25 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 362.52 420.25 Td (The Company anticipates that ) Tj ET Q q 0 0 0 rg BT 484.16 420.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 505.27 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.22 420.25 Td (Analytics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.25 Td (will be legally dissolved during 2017. In addition, the Company terminated its manufacturing operations, conducted under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (BCSI, ef) Tj ET Q q 0 0 0 rg BT 84.82 396.25 Td (fective as of the end of the 2015. ) Tj ET Q q 0 0 0 rg BT 218.20 396.25 Td (The Company anticipates that BCSI will eventually be legally dissolved upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (winding down of its remaining operations, commitments and obligations. However) Tj ET Q q 0 0 0 rg BT 382.05 384.25 Td (, the Company has continued to serve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.25 Td (Dry Sorbent Injection \("DSI"\) market, which BCSI previously served, through ) Tj ET Q q 0 0 0 rg BT 366.45 372.25 Td (ADA. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (In addition, we are an investor in ) Tj ET Q q 0 0 0 rg BT 184.22 355.25 Td (T) Tj ET Q q 0 0 0 rg BT 189.98 355.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 262.85 355.25 Td (T) Tj ET Q q 0 0 0 rg BT 268.60 355.25 Td (inuum Services, LLC \("T) Tj ET Q q 0 0 0 rg BT 370.09 355.25 Td (inuum Services"\) \(f/k/a Clean Coal Solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (Services, LLC\), which are accounted for using the equity method of accounting and whose results significantly impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (financial position and results of operations. ) Tj ET Q q 0 0 0 rg BT 224.69 331.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.13 331.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.71 331.25 Td (, the Company holds equity interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.14 331.25 Td (42.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.97 331.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (50.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 319.25 Td ( in ) Tj ET Q q 0 0 0 rg BT 93.43 319.25 Td (T) Tj ET Q q 0 0 0 rg BT 99.18 319.25 Td (inuum Group and ) Tj ET Q q 0 0 0 rg BT 172.05 319.25 Td (T) Tj ET Q q 0 0 0 rg BT 177.81 319.25 Td (inuum Services, respectively) Tj ET Q q 0 0 0 rg BT 292.40 319.25 Td (. ) Tj ET Q q 0 0 0 rg BT 296.85 319.25 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.57 319.25 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.51 319.25 Td (, the Company sold its equity investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (in RCM6, LLC \("RCM6"\) in March 2016, which was also accounted for using the equity method prior to the sale.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 288.9169921875 m 160.556640625 288.9169921875 l s q 0 0 0 rg BT 50.00 290.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.56 290.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (The Consolidated Financial Statements include accounts of wholly-owned subsidiaries. ) Tj ET Q q 0 0 0 rg BT 401.60 273.25 Td (All significant intercompany balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (and transactions have been eliminated in consolidation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (All investments in partially owned entities for which the Company has greater) Tj ET Q q 0 0 0 rg BT 362.78 244.25 Td (-than-20% ownership are accounted for using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (equity method based on the legal form of the Company's ownership percentage and the applicable ownership percentage of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (entity and are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.85 220.25 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.28 220.25 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.54 220.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.63 220.25 Td (. ) Tj ET Q q 0 0 0 rg BT 464.45 220.25 Td (T) Tj ET Q q 0 0 0 rg BT 470.21 220.25 Td (inuum Group is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (deemed to be variable interest entity \("VIE"\) under the ) Tj ET Q q 0 0 0 rg BT 271.51 208.25 Td (VIE model of consolidation, but the Company does not consolidate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 196.25 Td (inuum Group as it is not deemed to be its primary beneficiary) Tj ET Q q 0 0 0 rg BT 301.44 196.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 177.9169921875 m 160.8349609375 177.9169921875 l s q 0 0 0 rg BT 50.00 179.25 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.83 179.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td (Cash and cash equivalents include bank deposits and other highly liquid investments purchased with an original maturity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (three months or less. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 131.9169921875 m 113.603515625 131.9169921875 l s q 0 0 0 rg BT 50.00 133.25 Td (Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (Restricted cash primarily consists of funds withheld to provide collateral support for certain letters of credit issued to i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (customers related to certain contractual performance and payment guarantees, ii\) certain settlement parties to provide security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (for continuing royalty indemnification payments related to the settlement of certain litigation \(the "Royalty ) Tj ET Q q 0 0 0 rg BT 480.08 92.25 Td (A) Tj ET Q q 0 0 0 rg BT 486.38 92.25 Td (ward"\), and iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (minimum cash balance requirements under the 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 337.14 80.25 Td (Agreement \("Line of Credit"\).) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 177.646484375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Receivables and Cr) Tj ET Q q 0 0 0 rg BT 127.94 742.10 Td (edit Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.65 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Receivable balances represent unsecured, customer obligations due under trade terms typically requiring payment within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.67 721.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.67 721.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 721.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 721.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (days from the invoice date and are stated net of allowance for doubtful accounts. ) Tj ET Q q 0 0 0 rg BT 374.98 709.10 Td (The Company records allowances for doubtful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (accounts when it is probable that the accounts receivable balances will not be collected. ) Tj ET Q q 0 0 0 rg BT 402.74 697.10 Td (The following tables show the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (receivables balances:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 629.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 629.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 599.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 599.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 599.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.60 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 524.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 524.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 659.6 m 483.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 659.6 m 487.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 659.6 m 562.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 644.6 m 404.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 644.6 m 483.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 644.6 m 562.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 644.6 m 404.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 644.6 m 483.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 644.6 m 562.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 599.6 m 483.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 599.6 m 562.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 599.6 m 483.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 585.6 m 483.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 583.6 m 483.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 599.6 m 562.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 585.6 m 562.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 583.6 m 562.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 554.6 m 483.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 554.6 m 487.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 554.6 m 562.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 539.6 m 404.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 554.6 m 483.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 539.6 m 483.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 539.6 m 404.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 539.6 m 483.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 524.6 m 483.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 510.6 m 483.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 508.6 m 483.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 524.6 m 562.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 510.6 m 562.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 508.6 m 562.5 508.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 663.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 648.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 648.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 648.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.17 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 634.27 Td (4,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 634.27 Td (8,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.17 Td (Other Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 619.27 Td (4,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.17 Td (Less: Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 604.32 Td (\(200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 604.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 604.32 Td (\(157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 604.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 590.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 589.27 Td (8,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 589.27 Td (8,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 558.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 558.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 543.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 543.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 543.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.17 Td (Receivables, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 529.27 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 529.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 515.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 514.27 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 514.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 489.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 489.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 489.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 489.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 489.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 489.10 Td (, the Company recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.01 489.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.22 489.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.22 489.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.11 489.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.55 489.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.75 489.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 556.42 489.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (of bad debt expense related to the write-of) Tj ET Q q 0 0 0 rg BT 218.92 477.10 Td (f of specific accounts whose ultimate collection was in doubt. Bad debt expense is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.71 465.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 465.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.26 465.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.62 465.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (Notes receivable are reported at their outstanding principal balances, adjusted for any amounts determined to be uncollectible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 432.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 432.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 432.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 432.10 Td (, the Company recorded impairment char) Tj ET Q q 0 0 0 rg BT 427.75 432.10 Td (ges related to a Note Receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 420.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 420.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 420.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.05 420.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 230.71 420.10 Td (, related to the write-of) Tj ET Q q 0 0 0 rg BT 322.44 420.10 Td (f of a specific account whose ultimate collection was in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (doubt. Interest income is accrued and credited to income based on the unpaid principal balance outstanding. ) Tj ET Q q 0 0 0 rg BT 483.56 408.10 Td (The accrual of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (interest is discontinued when substantial doubt exists about the ability to collect principal and interest based upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (contractual terms. Notes receivable are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.96 384.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.56 384.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.82 384.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.91 384.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (Additional details regarding Note receivable balances are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 372.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 355.62 372.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.62 372.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 349.7669921875 m 88.3154296875 349.7669921875 l s q 0 0 0 rg BT 50.00 351.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.32 351.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (Inventories are stated at the lower of cost or market and consist principally of parts, components and materials for activated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (carbon injection \("ACI"\) and dry sorbent injection \("DSI"\) projects. ) Tj ET Q q 0 0 0 rg BT 323.85 318.10 Td (The cost of inventory is determined using the first-in-first-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (out \("FIFO"\) method. Inventories are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.17 306.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.77 306.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.03 306.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.12 306.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.57 306.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 294.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 294.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 294.10 Td (, the balance of inventory was comprised of materials and supplies and finished goods of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.71 294.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.92 294.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 282.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 151.55 282.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 259.7669921875 m 144.2529296875 259.7669921875 l s q 0 0 0 rg BT 50.00 261.10 Td (Other Intangible ) Tj ET Q q 0 0 0 rg BT 119.25 261.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.25 261.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (Other Intangible assets consist of patents and licensed technology and are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.78 240.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.38 240.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 228.10 Td (. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.71 228.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 228.10 Td (, the Company entered into an agreement with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (Highview Enterprises Limited \("Highview"\) to terminate a license agreement \(the "License ) Tj ET Q q 0 0 0 rg BT 417.40 216.10 Td (Agreement"\) to certain technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (\("Licensed ) Tj ET Q q 0 0 0 rg BT 95.83 204.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.24 204.10 Td (echnology"\) in exchange for a one-time payment by the Company of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.84 204.10 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.73 204.10 Td ( \(approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.82 204.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.71 204.10 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (Under the termination, payment of the termination fee, if any) Tj ET Q q 0 0 0 rg BT 293.99 192.10 Td (, will only be settled by relinquishing shares of Highview currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (owned by the Company equal to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.20 180.10 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.09 180.10 Td (. ) Tj ET Q q 0 0 0 rg BT 235.54 180.10 Td (As a result of terminating the License ) Tj ET Q q 0 0 0 rg BT 387.99 180.10 Td (Agreement, the Company wrote of) Tj ET Q q 0 0 0 rg BT 526.94 180.10 Td (f the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (Licensed ) Tj ET Q q 0 0 0 rg BT 88.41 168.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.82 168.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 134.83 168.10 Td (, reduced the corresponding long-term liability \("Highview Obligation"\) to the amount of the one-time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (payment, and recognized a gain of approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.48 156.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.37 156.10 Td (. ) Tj ET Q q 0 0 0 rg BT 304.19 156.10 Td (The gain on the settlement of the Highview Obligation is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (included in the Other income line on the Company's Consolidated Statement of Operations for theyear ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (2016. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.52 132.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 132.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 132.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 132.10 Td (, the Company did not recognize any intangible asset impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 120.10 Td (ges.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The Company has developed technologies resulting in patents being granted by the U.S. Patent and ) Tj ET Q q 0 0 0 rg BT 449.45 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 455.21 742.10 Td (rademark Of) Tj ET Q q 0 0 0 rg BT 505.83 742.10 Td (fice. ) Tj ET Q q 0 0 0 rg BT 525.27 742.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (research and development costs associated with the technology development are expensed as incurred. Legal costs associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (with securing the patent are capitalized and amortized over the legal or useful life beginning on the patent filing date. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.60 172.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 641.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 641.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 641.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 641.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 641.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 611.60 172.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 611.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 611.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 611.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 611.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 611.60 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 694.6 m 290.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 694.6 m 294.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 694.6 m 358.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 694.6 m 362.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 694.6 m 426.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 694.6 m 430.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 694.6 m 494.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 694.6 m 498.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 694.6 m 290.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 681.6 m 290.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 694.6 m 294.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 681.6 m 294.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 694.6 m 358.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 681.6 m 358.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 694.6 m 362.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 681.6 m 362.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 694.6 m 426.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 681.6 m 426.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 694.6 m 494.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 681.6 m 494.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 694.6 m 498.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 681.6 m 498.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 641.6 m 222.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 641.6 m 290.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 641.6 m 358.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 681.6 m 426.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 641.6 m 426.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 681.6 m 494.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 641.6 m 494.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 681.6 m 498.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 641.6 m 562.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 611.6 m 290.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 611.6 m 290.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 611.6 m 358.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 597.6 m 358.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 595.6 m 358.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 611.6 m 426.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 597.6 m 426.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 595.6 m 426.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 611.6 m 494.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 597.6 m 494.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 595.6 m 494.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 611.6 m 562.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 597.6 m 562.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 595.6 m 562.5 595.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.05 698.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 685.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 685.83 Td (2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 645.85 Td (\(in thousands, except years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.40 669.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.05 661.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.10 653.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.55 645.83 Td (Period \(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.75 645.83 Td (Initial Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.65 661.83 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.30 653.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.10 645.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.75 645.83 Td (Initial Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.65 661.83 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 653.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 645.83 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Patents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 631.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 631.27 Td (913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 631.27 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 631.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 631.27 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.17 Td (Licensed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 616.27 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 616.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 616.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 616.27 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 616.27 Td (1,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 602.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 601.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 601.27 Td (2,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 601.27 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 601.27 Td (2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 601.27 Td (1,941) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (Included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.48 576.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.84 576.10 Td ( is amortization expense related to intangible assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.39 576.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.28 576.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.28 576.10 Td ($0.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 564.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 564.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 564.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.89 564.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.47 564.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.47 564.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.47 564.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.91 564.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.91 564.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 392.57 564.10 Td (. ) Tj ET Q q 0 0 0 rg BT 397.39 564.10 Td (The estimated future amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (expense for existing intangible assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.01 552.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.60 552.10 Td ( is expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.52 552.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.41 552.10 Td ( for each of the five succeeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (fiscal years. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.25 540.10 Td () Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 517.7669921875 m 135.2490234375 517.7669921875 l s q 0 0 0 rg BT 50.00 519.10 Td (Investment Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.25 519.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (Investment securities represent certificates of deposits with original maturities greater than 90 days. Investment securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (pledged as security for letters of credit in the same amount as the investments are classified as restricted in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (Consolidated Balance Sheets and are carried at fair value. Investments in partially-owned subsidiaries for which the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (has less-than-20% ownership are accounted for using the cost method. Cost method investments are evaluated for impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (upon an indicator of impairment such as an event or change in circumstances that may have a significant adverse ef) Tj ET Q q 0 0 0 rg BT 511.59 450.10 Td (fect on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (fair value of the investment. If no such events or changes in circumstances have occurred, the fair value is estimated only if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (practicable to do so.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 403.7669921875 m 167.2900390625 403.7669921875 l s q 0 0 0 rg BT 50.00 405.10 Td (Equity Method of ) Tj ET Q q 0 0 0 rg BT 121.75 405.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.29 405.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (The investments in entities in which the Company does not have a controlling interest \(financial or operating\), but where it has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (the ability to exercise significant influence over operating and financial policies, are accounted for using equity-method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 98.69 360.10 Td (Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (of several factors including, among others, representation on the investee company) Tj ET Q q 0 0 0 rg BT 384.34 348.10 Td (s board of directors and the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (ownership level. Under the equity method of accounting, an investee company) Tj ET Q q 0 0 0 rg BT 367.13 336.10 Td (s accounts are not reflected within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 324.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.06 324.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.14 324.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.58 324.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.94 324.10 Td (; however) Tj ET Q q 0 0 0 rg BT 429.25 324.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 490.63 324.10 Td (s share of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (earnings or losses of the investee company is reported in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.54 312.10 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.29 312.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.36 300.10 Td ( and the Company) Tj ET Q q 0 0 0 rg BT 282.18 300.10 Td (s carrying value in an equity method investee company is reported in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 288.10 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 288.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.14 288.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.22 288.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (When the Company receives distributions in excess of the carrying value of the investment and the Company has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (guaranteed any obligations of the investee, nor is it required to provide additional funding to the investee, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (recognizes such excess distributions as equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 446.30 243.10 Td (. ) Tj ET Q q 0 0 0 rg BT 451.12 243.10 Td (When the investee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (subsequently reports income, the Company does not record its share of such income until it equals the amount of distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (in excess of carrying value that were previously recognized in income. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.42 219.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 219.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 219.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 219.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 207.10 Td (, the Company had no guarantees or requirements to provide additional funding to investees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 186.10 Td (, when the Company's carrying value in an equity method investment is zero and the Company has not guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (any obligations of the investee, nor is it required to provide additional funding to the investee, the Company will not recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (its share of any reported losses by the investee until future earnings are generated to of) Tj ET Q q 0 0 0 rg BT 396.09 162.10 Td (fset previously unrecognized losses. ) Tj ET Q q 0 0 0 rg BT 542.45 162.10 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (result, equity income or loss reported on the Company's Consolidated Statements of Operations for certain equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (investment entities may dif) Tj ET Q q 0 0 0 rg BT 158.41 138.10 Td (fer from a mathematical calculation of net income or loss attributable to its equity interest based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (upon the percentage ownership of our equity interest and the net income or loss attributable to equity owners as shown on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (investee companies' statements of operations. Likewise, distributions from equity method investees are reported on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.44 102.10 Td ( as return on investment within Operating cash flows until such time as the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (value in an equity method investee company is reduced to zero; thereafter) Tj ET Q q 0 0 0 rg BT 344.76 90.10 Td (, such distributions are reported as distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (excess of cumulative earnings within Investing cash flows. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.88 78.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.81 78.10 Td ( for additional information regarding the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (equity method investments. ) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 147.470703125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Royalties, Related Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (The Company licenses its M-45) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 177.76 721.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.56 718.10 Td ( and M-45-PC) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 242.78 721.73 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.58 718.10 Td ( emission control technologies \("M-45 License"\) to ) Tj ET Q q 0 0 0 rg BT 458.24 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 464.00 718.10 Td (inuum Group and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (realizes royalty income based upon \(i\) a percentage of the per) Tj ET Q q 0 0 0 rg BT 296.35 706.10 Td (-ton, pre-tax mar) Tj ET Q q 0 0 0 rg BT 363.64 706.10 Td (gin net of certain allocable operating expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (related to the lease or sale of an invested RC Facility that produces and sells RC under the M-45 License, \(ii\) a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the value of the Section 45 tax credits generated related to retained RC facilities, net of certain allocable operating expenses as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (a result of the production and sale of RC under the M-45 License, and \(iii\) a percentage of the revenue, net of all direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (expenses, received by ) Tj ET Q q 0 0 0 rg BT 139.78 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.54 658.10 Td (inuum Group as a direct result of ) Tj ET Q q 0 0 0 rg BT 280.04 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 285.80 658.10 Td (inuum Group's exercise of the M-45 License. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 635.7669921875 m 148.5009765625 635.7669921875 l s q 0 0 0 rg BT 50.00 637.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 637.10 Td (operty and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.50 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Property and equipment is stated at cost less accumulated depreciation and includes leasehold improvements. Depreciation on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (assets is computed using the straight-line method over the lesser of the estimated useful lives of the related assets or the lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (term \(ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.14 592.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.14 592.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.92 592.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.92 592.10 Td ( years\). Maintenance and repairs which do not extend the useful life of the respective asset are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 580.10 Td (ged to Operating expenses as incurred. ) Tj ET Q q 0 0 0 rg BT 224.29 580.10 Td (When assets are retired, or otherwise disposed of, the property accounts are relieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (of costs and accumulated depreciation and any resulting gain or loss is credited or char) Tj ET Q q 0 0 0 rg BT 396.92 568.10 Td (ged to income. ) Tj ET Q q 0 0 0 rg BT 458.39 568.10 Td (The Company performs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (an evaluation of the recoverability of the carrying value of its long-lived assets to determine if facts and circumstances indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (that the carrying value of assets may be impaired and if any adjustment is warranted. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 521.7669921875 m 134.6826171875 521.7669921875 l s q 0 0 0 rg BT 50.00 523.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The Company recognizes revenues when: \(i\) persuasive evidence of a customer arrangement exists; \(ii\) the price is fixed or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (determinable; \(iii\) collectability is reasonable assured; and \(iv\) product delivery has occurred or services have been rendered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and it is probable that performance guarantees, if any) Tj ET Q q 0 0 0 rg BT 262.32 478.10 Td (, will be met. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (The Company enters into contracts that require, over a period of months, the design and construction of emissions control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (systems \("extended equipment contracts"\). Revenues from such extended equipment contracts are recorded using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (percentage of completion cost to cost method based on costs incurred to date compared with total estimated contract costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 400.10 Td (, if the Company does not have suf) Tj ET Q q 0 0 0 rg BT 225.49 400.10 Td (ficient information to estimate either costs incurred or total estimated costs for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (extended equipment contracts, the completed contract method is used. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (Under the completed contract method, revenues and costs from extended equipment contracts are deferred and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (when contract obligations are substantially complete. ) Tj ET Q q 0 0 0 rg BT 265.03 355.10 Td (The Company defines substantially complete as delivery of equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (and start-up at the customer site or) Tj ET Q q 0 0 0 rg BT 187.89 343.10 Td (, as applicable to DSI systems, the completion of any major warranty service period. Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (costs are accumulated in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 331.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.92 331.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.25 331.10 Td (Billings in excess of costs on uncompleted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.09 319.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.25 319.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.33 319.10 Td (, and typically include direct materials, direct labor and subcontractor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (costs, and indirect costs related to contract performance, such as indirect labor) Tj ET Q q 0 0 0 rg BT 362.53 307.10 Td (, supplies, tools and repairs. For each of the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 295.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 295.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 295.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 295.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.40 295.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.40 295.10 Td (, the Company did not have suf) Tj ET Q q 0 0 0 rg BT 344.48 295.10 Td (ficient information to measure ongoing performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (for its extended equipment contracts. ) Tj ET Q q 0 0 0 rg BT 199.96 283.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 249.29 283.10 Td (, the completed contract method of revenue recognition has been used for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (each of these years, and revenues and costs are deferred until the equipment is placed into service and contract obligations are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (substantially complete. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (When multiple contracts exist with a single counterparty) Tj ET Q q 0 0 0 rg BT 275.67 238.10 Td (, the Company evaluates revenue recognition on a contract-by-contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (basis. Provisions for estimated losses on uncompleted contracts are recognized when it has been determined that a loss is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (probable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (The Company also enters into other non-extended equipment contracts for which the Company recognizes revenues on a time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (and material basis as services to build equipment systems are performed or as equipment is delivered. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Chemicals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Revenues for direct sales of chemicals and other ancillary products not provided in the performance of construction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (emissions control systems \(extended equipment sales\) are recognized at the date of delivery to, and acceptance by) Tj ET Q q 0 0 0 rg BT 505.01 127.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (customer) Tj ET Q q 0 0 0 rg BT 86.10 115.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Consulting services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (The Company recognizes revenues on time and material contracts as services are performed.) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 114.98046875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Cost of Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.98 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Costs of revenue include all labor) Tj ET Q q 0 0 0 rg BT 184.28 721.10 Td (, fringe benefits, subcontract labor) Tj ET Q q 0 0 0 rg BT 321.05 721.10 Td (, chemical and coal costs, materials, equipment, supplies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (travel costs and any other costs and expenses directly related to the Company) Tj ET Q q 0 0 0 rg BT 362.13 709.10 Td (s production of revenues. ) Tj ET Q q 0 0 0 rg BT 465.53 709.10 Td (The Company records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (estimated contract losses, if any) Tj ET Q q 0 0 0 rg BT 176.81 697.10 Td (, in the period they are determined.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 676.10 Td (arranty costs for ) Tj ET Q q 0 0 0 rg BT 125.56 676.10 Td (ACI equipment systems are estimated based on historical experience and are recorded as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (revenue when the equipment is substantially complete. ) Tj ET Q q 0 0 0 rg BT 271.43 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.06 664.10 Td (arranty costs, comprised of the cost of replacement materials and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (direct labor) Tj ET Q q 0 0 0 rg BT 95.41 652.10 Td (, are included within the Equipment sales cost of revenue line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.22 652.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.58 652.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 631.10 Td (arranty costs for DSI equipment systems could not be estimated at the time the contracts were entered into due to a lack of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (historical experience manufacturing DSI systems and the resulting claims history) Tj ET Q q 0 0 0 rg BT 373.99 619.10 Td (, if any) Tj ET Q q 0 0 0 rg BT 401.39 619.10 Td (, needed to determine an appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (warranty amount. ) Tj ET Q q 0 0 0 rg BT 122.85 607.10 Td (Therefore, revenue recognition on DSI equipment systems is deferred until the end of the warranty period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (which is generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.81 595.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.81 595.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.59 595.10 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 595.10 Td ( months following substantial completion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (As warranty claims are incurred, such costs are deferred within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 574.10 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.58 574.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 562.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 562.10 Td (, until such time that revenues and cost of revenue are recognized. Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (revenues being recognized, warranty claims are included within the Other long-term liabilities line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.35 550.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 538.10 Td ( and within Cost of revenue line of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.16 538.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.53 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 428.34 538.10 Td (The changes in the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (amount of the Company) Tj ET Q q 0 0 0 rg BT 149.71 526.10 Td (s warranty obligations, which do not include amounts for DSI systems as revenues are deferred until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (the end of the warranty period, are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.71 514.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 264.27 514.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.27 514.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (In some cases, a letter of credit is obtained and held to cover the period of the warranty that could be used to satisfy the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (obligation.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 458.7669921875 m 131.8359375 458.7669921875 l s q 0 0 0 rg BT 50.00 460.10 Td (Payr) Tj ET Q q 0 0 0 rg BT 69.07 460.10 Td (oll and Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Payroll and benefits costs include direct payroll, personnel related fringe benefits, sales and administrative staf) Tj ET Q q 0 0 0 rg BT 492.46 439.10 Td (f labor costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (stock compensation expense. Payroll and benefits costs exclude direct labor included in Cost of revenue. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 404.7669921875 m 133.30078125 404.7669921875 l s q 0 0 0 rg BT 50.00 406.10 Td (Rent and Occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Rent and occupancy costs include rent, insurance and other occupancy-related expenses.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 362.7669921875 m 142.9638671875 362.7669921875 l s q 0 0 0 rg BT 50.00 364.10 Td (Legal and Pr) Tj ET Q q 0 0 0 rg BT 102.41 364.10 Td (ofessional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Legal and professional costs include external legal, audit and consulting expenses.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 320.7669921875 m 161.4697265625 320.7669921875 l s q 0 0 0 rg BT 50.00 322.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 102.59 322.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (General and administrative costs include director fees and expenses, bad debt expense, impairments and other general costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (conducting business.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 266.7669921875 m 184.3212890625 266.7669921875 l s q 0 0 0 rg BT 50.00 268.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 77.40 268.10 Td (ch and Development Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (Research and development costs are char) Tj ET Q q 0 0 0 rg BT 214.47 247.10 Td (ged to expense in the period incurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (The Company has entered into development and cost-sharing contracts with the U.S. Department of Ener) Tj ET Q q 0 0 0 rg BT 470.81 226.10 Td (gy \(the "DOE"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (These contracts are best-ef) Tj ET Q q 0 0 0 rg BT 156.70 214.10 Td (fort-basis contracts, and the Company generally includes industry cost-share partners to of) Tj ET Q q 0 0 0 rg BT 518.09 214.10 Td (fset the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (costs incurred that are anticipated to be in excess of funded amounts from the DOE. ) Tj ET Q q 0 0 0 rg BT 387.49 202.10 Td (The Company accounts for these contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (with the DOE and industry cost-share partners in accordance with accounting guidance whereby the Company recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (amounts funded by the DOE under research-and-development-cost-sharing arrangements as an of) Tj ET Q q 0 0 0 rg BT 440.23 178.10 Td (fset to the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (aggregate research and development expense reported in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.77 166.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.73 166.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.72 166.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 154.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 131.76699218750002 m 166.8359375 131.76699218750002 l s q 0 0 0 rg BT 50.00 133.10 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 93.23 133.10 Td (ement Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (The Company's asset retirement obligation, or "ARO liability) Tj ET Q q 0 0 0 rg BT 295.19 112.10 Td (," consists of estimated costs to remove equipment and reclaim the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (land associated with one research and development project. ) Tj ET Q q 0 0 0 rg BT 290.00 100.10 Td (The Company estimates its ) Tj ET Q q 0 0 0 rg BT 400.55 100.10 Td (ARO liability for final reclamation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (based upon bids obtained from independent third parties and other exit alternatives, which are adjusted for inflation, and then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (discounted at a credit-adjusted risk-free rate. Changes in estimates could occur due to revisions of estimated costs and changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (in timing and performance of the reclamation activities. ) Tj ET Q q 0 0 0 rg BT 275.01 64.10 Td (The ) Tj ET Q q 0 0 0 rg BT 292.51 64.10 Td (ARO liability is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.61 64.10 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.03 64.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 52.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 52.10 Td ( and discussed further in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.61 52.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 338.17 52.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.17 52.10 Td (. ) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 104.3408203125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 86.57 742.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (The Company accounts for income taxes under the asset and liability method which requires the recognition of deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Under this method, deferred tax assets and liabilities are determined on the basis of the dif) Tj ET Q q 0 0 0 rg BT 410.82 697.10 Td (ferences between the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (statements and tax basis of assets and liabilities using enacted tax rates in ef) Tj ET Q q 0 0 0 rg BT 353.34 685.10 Td (fect for the year in which the dif) Tj ET Q q 0 0 0 rg BT 482.28 685.10 Td (ferences are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (expected to reverse. ) Tj ET Q q 0 0 0 rg BT 132.00 673.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 157.63 673.10 Td (fect of a change in tax rates on deferred tax assets and liabilities is recognized in operations in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (period that includes the enactment date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (The Company recognizes deferred tax assets and liabilities and maintains valuation allowances where it is more likely than not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (that all or a portion of deferred tax assets will not be realized. In making such a determination, the Company considers all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (available positive and negative evidence, including future reversals of existing taxable temporary dif) Tj ET Q q 0 0 0 rg BT 452.17 616.10 Td (ferences, projected future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (taxable income, tax-planning strategies, and results of recent operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (The Company records uncertain tax positions on the basis of a two-step process whereby \(1\) the Company determines whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (it is more-likely-than-not that the tax positions will be sustained on the basis of the technical merits of the position and \(2\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the amount of tax benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority) Tj ET Q q 0 0 0 rg BT 461.72 547.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (The Company records interest expense due to the Company's share of ) Tj ET Q q 0 0 0 rg BT 331.26 523.10 Td (T) Tj ET Q q 0 0 0 rg BT 337.02 523.10 Td (inuum Group's equity method earnings for Refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (Coal \("RC"\) facility leases which are treated as installment sales for tax purposes. IRS section 453A) Tj ET Q q 0 0 0 rg BT 450.29 511.10 Td ( requires taxpayers using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (the installment method to pay an interest char) Tj ET Q q 0 0 0 rg BT 232.27 499.10 Td (ge on the portion of the tax liability that is deferred under the installment method. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (The Company recognizes IRS section 453A) Tj ET Q q 0 0 0 rg BT 225.24 487.10 Td ( interest \("453A) Tj ET Q q 0 0 0 rg BT 288.76 487.10 Td ( interest"\) and other interest and penalties related to unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (tax benefits in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.87 475.10 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.56 475.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.82 475.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.19 475.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 452.7669921875 m 159.7021484375 452.7669921875 l s q 0 0 0 rg BT 50.00 454.10 Td (Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Stock-based compensation expense is measured at the grant date based on the estimated fair value of the stock-based award and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (expensed on a straight-line basis over the requisite service period for the entire award. Forfeitures are recognized when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 88.13 409.10 Td (These costs are recorded in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.19 409.10 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.17 409.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.43 409.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 409.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 386.7669921875 m 156.572265625 386.7669921875 l s q 0 0 0 rg BT 50.00 388.10 Td (Earnings \(Loss\) Per Shar) Tj ET Q q 0 0 0 rg BT 152.13 388.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (Basic earnings \(loss\) per share is computed using the two-class method, which is an earnings allocation formula that determines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (earnings \(loss\) per share for common stock and any participating securities according to dividend and participating rights in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (undistributed earnings. ) Tj ET Q q 0 0 0 rg BT 143.97 343.10 Td (The Company's restricted stock awards \("RSA's"\) contain non-forfeitable rights to dividends or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (dividend equivalents and are deemed to be participating securities. ) Tj ET Q q 0 0 0 rg BT 318.61 331.10 Td (The Company did not declare any cash dividends during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.98 319.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 319.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 319.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 319.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.89 319.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.89 319.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Under the two-class method, net income \(loss\) for the period is allocated between common stockholders and the holders of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (participating securities based on the weighted-average of common shares outstanding during the period, excluding unvested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (RSA's \("common shares"\), and the weighted-average number of unvested RSA's outstanding during the period, respectively) Tj ET Q q 0 0 0 rg BT 545.45 274.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (The allocated, undistributed income \(loss\) for the period is then divided by the weighted-average number of common shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (and unvested RSA's outstanding during the period to arrive at basic earnings \(loss\) per common share and participating security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (for the period, respectively) Tj ET Q q 0 0 0 rg BT 157.08 238.10 Td (. Because the Company did not declare any dividends during the periods presented, and because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (unvested RSA's possess substantially the same rights to undistributed earnings as common shares outstanding, there is no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 214.10 Td (ference between the calculated basic earnings \(loss\) per share for common shares and participating securities. ) Tj ET Q q 0 0 0 rg BT 503.25 214.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 552.58 214.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (and pursuant to accounting principles generally accepted in the United States \("U.S. GAAP"\), the Company has elected not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (separately present basic or diluted earnings \(loss\) per share attributable to participating securities in the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Statements of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Diluted earnings \(loss\) per share is computed in a manner consistent with that of basic earnings \(loss\) per shares, while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (considering other potentially dilutive securities. Potentially dilutive securities consist of outstanding options to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (common stock and contingent performance stock units \("PSU's"\) \(collectively) Tj ET Q q 0 0 0 rg BT 362.02 133.10 Td (, "Potential dilutive shares"\), and their dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 121.10 Td (fect, if any) Tj ET Q q 0 0 0 rg BT 99.97 121.10 Td (, is computed using the treasury stock method. Potential dilutive shares are excluded from diluted earnings \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (per share when their ef) Tj ET Q q 0 0 0 rg BT 141.44 109.10 Td (fect is anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 224.29 109.10 Td (When there is a net loss for a period, all Potential dilutive shares are anti-dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (and are excluded from the calculation of diluted loss per share for that period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (Each PSU represents a contingent right to receive shares of the Company) Tj ET Q q 0 0 0 rg BT 345.75 76.10 Td (s common stock, and the number of shares may range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (from zero to two times the number of PSU's granted on the award date depending upon the price performance of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (common stock as measured against a general index and a specific peer group index over requisite performance periods. ) Tj ET Q q 0 0 0 rg BT 529.36 52.10 Td (The ) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (number of Potential dilutive shares related to PSU's is based on the number of shares of the Company's common stock, if any) Tj ET Q q 0 0 0 rg BT 550.64 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (that would be issuable at the end of the respective reporting period, assuming that the end of the reporting period is the end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the contingency period applicable to such PSU's. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.81 718.10 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.75 718.10 Td ( for additional information related to PSU's.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Potential dilutive shares were excluded in the diluted loss per share calculation for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.64 697.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.23 697.10 Td (, as their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (inclusion was anti-dilutive due to the Company) Tj ET Q q 0 0 0 rg BT 242.19 685.10 Td (s net loss for that year) Tj ET Q q 0 0 0 rg BT 329.67 685.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (The following table sets forth the calculations of basic and diluted earnings \(loss\) per common share:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 627.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 627.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 627.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 627.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 587.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 587.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 587.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 557.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 557.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 557.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 527.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 527.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 527.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 497.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 497.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 497.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 497.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 497.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 497.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 640.6 m 404.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 640.6 m 408.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 640.6 m 483.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 640.6 m 487.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 640.6 m 562.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 627.6 m 325.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 640.6 m 404.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 640.6 m 483.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 640.6 m 562.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 627.6 m 325.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 627.6 m 404.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 627.6 m 483.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 627.6 m 562.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 587.6 m 404.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 573.6 m 404.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 571.6 m 404.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 587.6 m 483.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 573.6 m 483.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 571.6 m 483.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 587.6 m 562.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 573.6 m 562.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 571.6 m 562.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 527.6 m 404.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 513.6 m 404.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 511.6 m 404.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 527.6 m 483.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 513.6 m 483.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 511.6 m 483.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 527.6 m 562.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 513.6 m 562.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 511.6 m 562.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 498.6 m 404.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 496.6 m 404.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 498.6 m 483.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 496.6 m 483.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 498.6 m 562.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 496.6 m 562.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 483.6 m 404.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 481.6 m 404.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 483.6 m 483.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 481.6 m 483.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 483.6 m 562.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 481.6 m 562.5 481.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 644.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 644.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 631.85 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 631.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 631.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 631.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 617.27 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 617.32 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 617.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 617.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.17 Td (Less: Undistributed income \(loss\) allocated to participating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 592.27 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 592.32 Td (\(275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 592.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.17 Td (Income \(loss\) attributable to common stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 577.27 Td (96,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 577.32 Td (\(29,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 577.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 577.27 Td (1,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.17 Td (Basic weighted-average number of common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 547.27 Td (21,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 547.27 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 547.27 Td (21,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 533.17 Td (Add: dilutive effect of equity instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 532.27 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 532.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 532.27 Td (525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.17 Td (Diluted weighted-average number of common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 517.27 Td (22,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 517.27 Td (21,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 517.27 Td (22,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.17 Td (Earnings \(loss\) per share - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 502.27 Td (4.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 502.32 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 502.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 502.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 502.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.17 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 487.27 Td (4.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 487.32 Td (\(1.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 487.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 487.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (The table below presents the number of Potential dilutive shares that were excluded from the calculation of diluted loss per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (share because their inclusion would have been anti-dilutive:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 408.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 408.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 408.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 378.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 378.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 378.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 423.6 m 404.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 423.6 m 408.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 423.6 m 483.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 423.6 m 487.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 423.6 m 562.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 408.6 m 325.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 423.6 m 404.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 408.6 m 404.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 423.6 m 483.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 408.6 m 483.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 423.6 m 562.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.6 m 562.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 408.6 m 325.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 408.6 m 404.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 408.6 m 483.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.6 m 562.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 363.6 m 404.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 349.6 m 404.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 347.6 m 404.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 363.6 m 483.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 349.6 m 483.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 347.6 m 483.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 363.6 m 562.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 349.6 m 562.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 347.6 m 562.5 347.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 427.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 427.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 412.85 Td (\(shar) Tj ET Q q 0 0 0 rg BT 69.59 412.85 Td (e data in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 412.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 412.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 412.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 398.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.17 Td (Restricted stock awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 383.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 383.27 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 383.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.17 Td (Performance share units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 368.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 368.27 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 368.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.17 Td (Total shares excluded from diluted shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 353.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 353.27 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 353.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 326.7669921875 m 117.216796875 326.7669921875 l s q 0 0 0 rg BT 50.00 328.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (The preparation of the Company) Tj ET Q q 0 0 0 rg BT 183.29 311.10 Td (s consolidated financial statements in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 449.55 311.10 Td ( requires the Company) Tj ET Q q 0 0 0 rg BT 543.13 311.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (management to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 271.70 299.10 Td (fect the amounts reported in these financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (accompanying notes. ) Tj ET Q q 0 0 0 rg BT 136.37 287.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 229.78 287.10 Td (fer from those estimates. ) Tj ET Q q 0 0 0 rg BT 330.95 287.10 Td (The Company makes significant assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (concerning:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 258.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 258.10 Td (revenue recognition, warranty estimates and performance guarantee accruals related to the Company's extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 246.10 Td (equipment contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 229.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 229.10 Td (the impairment, or lack thereof, of the remaining realizability of, its long-lived assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 212.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 212.10 Td (stock compensation costs related to PSU and option awards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 195.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 195.10 Td (estimated future royalty obligations associated with the Royalty ) Tj ET Q q 0 0 0 rg BT 363.22 195.10 Td (A) Tj ET Q q 0 0 0 rg BT 369.52 195.10 Td (ward and other legal accruals; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 178.10 Td (the deferred tax assets expected to be realized in future periods and uncertain tax positions.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 155.76699218750002 m 117.7685546875 155.76699218750002 l s q 0 0 0 rg BT 50.00 157.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.77 157.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Certain balances have been reclassified from prior years to conform to the current year presentation.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 113.76699218750002 m 157.0166015625 113.76699218750002 l s q 0 0 0 rg BT 50.00 115.10 Td (New ) Tj ET Q q 0 0 0 rg BT 70.10 115.10 Td (Accounting Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.02 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 126.20 94.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 175.10 94.10 Td (ASU No. 2014-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.15 94.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 295.82 94.10 Td (om Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 425.47 94.10 Td (opic 606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.52 94.10 Td ( \("ASU 2014-09"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (customers and supersedes current revenue recognition guidance, including industry-specific guidance. ) Tj ET Q q 0 0 0 rg BT 460.79 70.10 Td (The core principle of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 529.58 46.10 Td (ASU ) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2014-09 becomes ef) Tj ET Q q 0 0 0 rg BT 130.90 742.10 Td (fective for reporting periods \(including interim periods\) beginning after December 31, 2017. Early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (application is permittedforannual reporting periods beginning after December 15, 2016, including interim reporting periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (within that reporting period.) Tj ET Q q 0 0 0 rg BT 165.07 718.10 Td (The standardmay be applied retrospectively to each prior period presented or retrospectively with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the cumulative ef) Tj ET Q q 0 0 0 rg BT 119.23 706.10 Td (fect recognized as of the date of adoption \("modified retrospective method"\). ) Tj ET Q q 0 0 0 rg BT 429.32 706.10 Td (The Company anticipates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (adopting the standard under the modified retrospective method ef) Tj ET Q q 0 0 0 rg BT 311.40 694.10 Td (fective January 1, 2018, which will be reflected in its financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (statements as of and for the three months ended March 31, 2018. Based on the Company's preliminary assessment of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (standard, the Company has determined that the timing of revenue recognition for equipment sales may be impacted, but that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (revenues generated from chemical sales and consulting services will likely not be impacted. ) Tj ET Q q 0 0 0 rg BT 422.19 658.10 Td (The Company is continuing its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (assessment, which may change its initial assessments of the impacts to its revenue streams or may identify other impacts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 625.10 Td (August 2014, the F) Tj ET Q q 0 0 0 rg BT 136.21 625.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 185.11 625.10 Td (ASU No. 2014-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.16 625.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 272.79 625.10 Td (esentation of Financial Statements - Going Concern \(T) Tj ET Q q 0 0 0 rg BT 492.12 625.10 Td (opic 205-40\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 625.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 88.52 613.10 Td (e of Uncertainties about an Entities ) Tj ET Q q 0 0 0 rg BT 233.32 613.10 Td (Ability to Continue as a Going Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.75 613.10 Td ( that requires management to evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (whether there are conditions or events that raise substantial doubt about an entity) Tj ET Q q 0 0 0 rg BT 376.57 601.10 Td (s ability to continue as a going concern within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (one year after the date that the entity) Tj ET Q q 0 0 0 rg BT 199.10 589.10 Td (s financial statements are issued, or within one year after the date the entity) Tj ET Q q 0 0 0 rg BT 502.88 589.10 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (statements are available to be issued, and to provide disclosures when certain criteria are met.) Tj ET Q q 0 0 0 rg BT 426.62 577.10 Td (This guidance is ef) Tj ET Q q 0 0 0 rg BT 502.25 577.10 Td (fective for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (annual period ending after December 15, 2016, and for annual periods and interim periods thereafter) Tj ET Q q 0 0 0 rg BT 451.52 565.10 Td (. Early application is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (permitted.) Tj ET Q q 0 0 0 rg BT 93.14 553.10 Td (The Company adopted this provision as of December 31, 2016 and there was no impact to the Company's financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (statements or disclosures from the adoption of this standard.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (In November 2015, the F) Tj ET Q q 0 0 0 rg BT 150.07 520.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.97 520.10 Td (ASU 2015-17, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.81 520.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 296.38 520.10 Td (axes \(T) Tj ET Q q 0 0 0 rg BT 324.62 520.10 Td (opic 740\) Balance Sheet Classification of Deferr) Tj ET Q q 0 0 0 rg BT 519.22 520.10 Td (ed T) Tj ET Q q 0 0 0 rg BT 535.80 520.10 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (\("ASU 2015-17"\), to simplify the presentation of deferred income taxes. ) Tj ET Q q 0 0 0 rg BT 341.80 508.10 Td (The amendments in ) Tj ET Q q 0 0 0 rg BT 422.61 508.10 Td (ASU 2015-17 require that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (deferred tax liabilities and assets be classified as non-current in a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 478.84 496.10 Td (The current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (requirement that deferred tax liabilities and assets of a tax-paying component of an entity be of) Tj ET Q q 0 0 0 rg BT 429.41 484.10 Td (fset and presented as a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (amount is not af) Tj ET Q q 0 0 0 rg BT 114.53 472.10 Td (fected by the amendments in the update. ) Tj ET Q q 0 0 0 rg BT 277.81 472.10 Td (ASU 2015-17 is ef) Tj ET Q q 0 0 0 rg BT 352.91 472.10 Td (fective for fiscal years beginning after December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (15, 2016, and interim periods within those years, and may be applied either prospectively to all deferred tax liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (assets or retrospectively to all periods presented. ) Tj ET Q q 0 0 0 rg BT 246.43 448.10 Td (The Company adopted this standard ef) Tj ET Q q 0 0 0 rg BT 400.93 448.10 Td (fective as of January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 520.71 448.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (was no material impact to the Company's financial statements or disclosures from the adoption of this standard.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 138.96 412.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.87 412.10 Td (ASU 2016-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.70 412.10 Td (Financial Instruments \(Subtopic 825-10\) - Overall: Recognition and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 400.10 Td (ement of Financial ) Tj ET Q q 0 0 0 rg BT 158.04 400.10 Td (Assets and Financial Liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.48 400.10 Td (\("ASU 2016-01"\). ) Tj ET Q q 0 0 0 rg BT 362.96 400.10 Td (This standard provides guidance on how entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (measure certain equity investments and present changes in the fair value. ) Tj ET Q q 0 0 0 rg BT 344.16 388.10 Td (This standard requires that entities measure certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (recognize any changes in fair value in net income. ) Tj ET Q q 0 0 0 rg BT 252.70 364.10 Td (ASU 2016-01 is ef) Tj ET Q q 0 0 0 rg BT 327.79 364.10 Td (fective for fiscal years beginning after December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 74.82 352.10 Td (The Company is currently evaluating the provisions of this guidance and assessing its impact on the Company's financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (statements and disclosures. ) Tj ET Q q 0 0 0 rg BT 160.91 340.10 Td (The Company does not believe this standard will have a material impact on the Company's financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 143.96 307.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.87 307.10 Td (ASU 2016-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.70 307.10 Td (Leases \(T) Tj ET Q q 0 0 0 rg BT 291.40 307.10 Td (opic 842\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.94 307.10 Td (\("ASU 2016-02"\), which requires lessees to recognize a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (right of use asset and related lease liability for those leases classified as operating leases at the commencement date and have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (lease terms of more than 12 months. ) Tj ET Q q 0 0 0 rg BT 197.56 283.10 Td (This topic retains the distinction between finance leases and operating leases. ) Tj ET Q q 0 0 0 rg BT 508.57 283.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (2016-02 is ef) Tj ET Q q 0 0 0 rg BT 102.59 271.10 Td (fective for fiscal years beginning after December 15, 2018, and interim periods within those years, and must be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (applied under a modified retrospective transition approach for leases existing at, or entered into after) Tj ET Q q 0 0 0 rg BT 451.95 259.10 Td (, the beginning of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (earliest comparative period presented in the financial statements. ) Tj ET Q q 0 0 0 rg BT 311.66 247.10 Td (The Company is currently evaluating the provisions of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (guidance and assessing its impact on the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 126.20 214.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 175.10 214.10 Td (ASU 2016-13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.93 214.10 Td (Financial Instruments - Cr) Tj ET Q q 0 0 0 rg BT 343.06 214.10 Td (edit Losses \(T) Tj ET Q q 0 0 0 rg BT 397.70 214.10 Td (opic 326\) Measur) Tj ET Q q 0 0 0 rg BT 468.43 214.10 Td (ement of Cr) Tj ET Q q 0 0 0 rg BT 515.27 214.10 Td (edit Losses ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (on Financial Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.60 202.10 Td (\("ASU 2016-13"\). ) Tj ET Q q 0 0 0 rg BT 229.08 202.10 Td (The main objective of ) Tj ET Q q 0 0 0 rg BT 319.05 202.10 Td (ASU 2016-13 is to provide financial statement users with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (more decision-useful information about the expected credit losses on financial instruments and other commitments to extend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (credit held by a reporting entity at each reporting date. ) Tj ET Q q 0 0 0 rg BT 270.01 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.42 178.10 Td (o achieve this objective, the amendments in ) Tj ET Q q 0 0 0 rg BT 452.04 178.10 Td (ASU 2016-13 replace the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (incurred loss impairment methodology in current U.S. GAAP) Tj ET Q q 0 0 0 rg BT 295.98 166.10 Td ( with a methodology that reflects expected credit losses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ) Tj ET Q q 0 0 0 rg BT 513.46 154.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (2016-13 is ef) Tj ET Q q 0 0 0 rg BT 102.59 142.10 Td (fective for fiscal years beginning after December 15, 2019, including interim periods within those years, and must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (be adopted under a modified retrospective method approach. Entities may adopt ) Tj ET Q q 0 0 0 rg BT 372.12 130.10 Td (ASU 2016-13 earlier as of the fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (beginning after December 15, 2018, including interim periods within those years. ) Tj ET Q q 0 0 0 rg BT 378.07 118.10 Td (The Company is currently evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (provisions of this guidance and assessing its impact on the Company's financial statements and disclosures. ) Tj ET Q q 0 0 0 rg BT 481.55 106.10 Td (The Company does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (not believe this standard will have a material impact on the Company's financial statements and disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (In October 2016, the F) Tj ET Q q 0 0 0 rg BT 140.07 73.10 Td (ASB issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.53 73.10 Td (ASU 2016-17, Consolidation \(T) Tj ET Q q 0 0 0 rg BT 315.83 73.10 Td (opic 810\) Inter) Tj ET Q q 0 0 0 rg BT 375.45 73.10 Td (ests Held thr) Tj ET Q q 0 0 0 rg BT 426.19 73.10 Td (ough Related Parties That ) Tj ET Q q 0 0 0 rg BT 533.77 73.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 543.40 73.10 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (under Common Contr) Tj ET Q q 0 0 0 rg BT 137.41 61.10 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.19 61.10 Td ( \("ASU 2016-17"\), which amends the consolidation guidance on how a reporting entity that is the single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (decision maker of a ) Tj ET Q q 0 0 0 rg BT 130.90 49.10 Td (VIE should treat indirect interests in the entity held through related parties that are under common control ) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (with the reporting entity when determining whether it is the primary beneficiary of that ) Tj ET Q q 0 0 0 rg BT 400.83 742.10 Td (VIE. Under the amendments, a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (decision maker is not required to consider indirect interests held through related parties that are under common control with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (single decision maker to be the equivalent of direct interests in their entirety) Tj ET Q q 0 0 0 rg BT 353.70 718.10 Td (. Instead, a single decision maker is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (include those interests on a proportionate basis consistent with indirect interests held through other related parties. ) Tj ET Q q 0 0 0 rg BT 508.50 706.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (2016-17 is ef) Tj ET Q q 0 0 0 rg BT 102.59 694.10 Td (fective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016 on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (retrospective basis, however) Tj ET Q q 0 0 0 rg BT 163.17 682.10 Td (, early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 280.46 682.10 Td (The Company intends to adopt this standard ef) Tj ET Q q 0 0 0 rg BT 467.19 682.10 Td (fective as of January 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (2017 and does not anticipate that the adoption will have a material impact on the Company's financial statements or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (disclosures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (In November 2016, the F) Tj ET Q q 0 0 0 rg BT 150.07 637.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.97 637.10 Td (ASU 2016-18, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.81 637.10 Td (Statement of Cash Flows \(T) Tj ET Q q 0 0 0 rg BT 370.00 637.10 Td (opic 230\) Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.16 637.10 Td ( \("ASC 2016-18"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (amounts generally described as restricted cash or restricted cash equivalents. ) Tj ET Q q 0 0 0 rg BT 358.87 613.10 Td (Therefore, amounts generally described as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 418.53 589.10 Td (ASU 2016-18 is ef) Tj ET Q q 0 0 0 rg BT 493.62 589.10 Td (fective for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (years, and interim reporting periods within those years, beginning after December 15, 2017 on a retrospective basis, however) Tj ET Q q 0 0 0 rg BT 550.28 577.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 162.29 565.10 Td (The Company adopted this standard ef) Tj ET Q q 0 0 0 rg BT 316.79 565.10 Td (fective as of December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 451.56 565.10 Td (Therefore, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (Consolidated Statements of Cash Flows for the years ended December 31, 2015 and 2014 were recast for the adoption of ) Tj ET Q q 0 0 0 rg BT 535.71 553.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (2016-18. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 513.53505859375 m 77.490234375 513.53505859375 l s q 0 0 0 rg BT 50.00 515.10 Td (Note 2) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 513.53505859375 m 145.810546875 513.53505859375 l s q 0 0 0 rg BT 77.49 515.10 Td ( - Restructuring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 498.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 498.10 Td (, the Company recorded restructuring char) Tj ET Q q 0 0 0 rg BT 389.41 498.10 Td (ges in connection with a reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (force, the departure of certain executive of) Tj ET Q q 0 0 0 rg BT 220.00 486.10 Td (ficers and management's further alignment of the business with strategic objectives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (These char) Tj ET Q q 0 0 0 rg BT 93.40 474.10 Td (ges related to severance arrangements with departing employees and executives as well as non-cash char) Tj ET Q q 0 0 0 rg BT 511.94 474.10 Td (ges related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (to the acceleration of vesting of certain stock awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 445.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 445.10 Td (, the Company recorded restructuring char) Tj ET Q q 0 0 0 rg BT 389.41 445.10 Td (ges in connection with a reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (force, the departure of executive of) Tj ET Q q 0 0 0 rg BT 190.30 433.10 Td (ficers and management's further alignment of the business with strategic objectives. ) Tj ET Q q 0 0 0 rg BT 527.37 433.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 421.10 Td (ges related to severance arrangements with departing employees and executives, including non-cash char) Tj ET Q q 0 0 0 rg BT 486.96 421.10 Td (ges related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (acceleration of vesting of certain stock awards. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 409.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.30 409.10 Td (, the char) Tj ET Q q 0 0 0 rg BT 308.05 409.10 Td (ges also related to the closing of the BCSI facilities and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (termination of the operations of ) Tj ET Q q 0 0 0 rg BT 178.58 397.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 199.69 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.64 397.10 Td (Analytics, a foreign subsidiary that was involved in the development of certain data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (analytics and monitoring products. Furthermore, during the fourth quarter of 2015, the Company closed its fabrication facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (in McKeesport, Pennsylvania and recorded restructuring char) Tj ET Q q 0 0 0 rg BT 295.57 373.10 Td (ges related thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 356.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 356.10 Td (, the Company recorded restructuring char) Tj ET Q q 0 0 0 rg BT 389.41 356.10 Td (ges primarily related to a reduction in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (force, the departure of executive of) Tj ET Q q 0 0 0 rg BT 190.30 344.10 Td (ficers and management's alignment of the business with strategic objectives. ) Tj ET Q q 0 0 0 rg BT 497.67 344.10 Td (These char) Tj ET Q q 0 0 0 rg BT 541.07 344.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (were related to severance agreements with departing employees and executives, including non-cash char) Tj ET Q q 0 0 0 rg BT 467.70 332.10 Td (ges related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (acceleration of vesting of certain stock awards.) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( summary of the net pretax char) Tj ET Q q 0 0 0 rg BT 183.66 742.10 Td (ges incurred by segment is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 681.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 681.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 681.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 651.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 651.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 651.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 621.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 591.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 591.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 591.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 561.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 561.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 531.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 531.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 531.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 531.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 501.60 187.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 501.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 501.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 501.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 501.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 501.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 716.6 m 384.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 716.6 m 388.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 716.6 m 443.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 716.6 m 447.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 716.6 m 502.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 716.6 m 561.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 681.6 m 236.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 681.6 m 325.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 716.6 m 384.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 681.6 m 384.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 716.6 m 388.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 716.6 m 443.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 681.6 m 443.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 716.6 m 447.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 716.6 m 502.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 681.6 m 502.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 716.6 m 561.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 681.6 m 561.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 681.6 m 236.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 636.6 m 384.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 622.6 m 384.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 620.6 m 384.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 622.6 m 443.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 620.6 m 443.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 622.6 m 502.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 620.6 m 502.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 636.6 m 561.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 622.6 m 561.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 620.6 m 561.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 561.6 m 443.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 561.6 m 502.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 561.6 m 384.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 547.6 m 384.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 545.6 m 384.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 561.6 m 443.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 547.6 m 443.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 545.6 m 443.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 561.6 m 502.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 547.6 m 502.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 545.6 m 502.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 561.6 m 561.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 547.6 m 561.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 545.6 m 561.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 501.6 m 384.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 487.6 m 384.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 485.6 m 384.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 501.6 m 443.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 487.6 m 443.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 485.6 m 443.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 501.6 m 502.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 487.6 m 502.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 485.6 m 502.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 501.6 m 561.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 487.6 m 561.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 485.6 m 561.5 485.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.05 720.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 428.34 720.83 Td (etax Charge) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 685.85 Td (\(in thousands, except employee data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.75 693.83 Td (Approximate Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.70 685.83 Td (of Employees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.15 685.83 Td (Refined Coal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.35 693.83 Td (Emissions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.20 685.83 Td (Contr) Tj ET Q q 0 0 0 rg BT 422.50 685.83 Td (ol) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.75 693.83 Td (All Other) Tj ET Q q 0 0 0 rg BT 483.27 693.83 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.70 685.83 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.75 685.83 Td (T) Tj ET Q q 0 0 0 rg BT 529.35 685.83 Td (otal) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 669.7125976562501 m 182.99609375 669.7125976562501 l s q 0 0 0 rg BT 52.00 671.28 Td (Year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 656.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 656.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 656.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 656.27 Td (1,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 656.27 Td (881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 656.27 Td (2,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 641.27 Td (Changes in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.30 641.32 Td (\(210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 641.32 Td (\(276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 641.32 Td (\(486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 626.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 626.27 Td (954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 626.27 Td (605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 626.27 Td (1,559) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 594.71259765625 m 182.99609375 594.71259765625 l s q 0 0 0 rg BT 52.00 596.28 Td (Year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 581.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 581.27 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 581.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 581.27 Td (5,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 581.27 Td (5,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 581.27 Td (10,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 566.27 Td (Changes in estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 566.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 566.32 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 566.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 566.32 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 566.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 566.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 566.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 551.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 551.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 551.27 Td (5,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 551.27 Td (5,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 551.27 Td (10,360) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 519.71259765625 m 182.99609375 519.71259765625 l s q 0 0 0 rg BT 52.00 521.28 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.27 Td (Restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 506.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 506.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 506.27 Td (1,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 506.27 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 506.27 Td (3,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 491.27 Td (Total pretax charge, net of reversals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 491.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 491.27 Td (1,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 491.27 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 491.27 Td (3,503) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (The following table summarizes the Company's utilization of restructuring accruals for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 463.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.59 463.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 451.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 451.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 451.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 419.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 419.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 419.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 389.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 389.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 389.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 359.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 359.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 359.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 329.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 329.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 329.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 329.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 329.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 299.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 299.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 299.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 299.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 299.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 269.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 269.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 269.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 239.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 239.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 239.60 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 419.6 m 393.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 419.6 m 477.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 419.6 m 561.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 419.6 m 393.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 419.6 m 477.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 419.6 m 561.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 359.6 m 477.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 359.6 m 561.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 299.6 m 477.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 299.6 m 561.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 239.60000000000002 m 477.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 225.60000000000002 m 477.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 223.60000000000002 m 477.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 239.60000000000002 m 561.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 225.60000000000002 m 561.5 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 223.60000000000002 m 561.5 223.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 423.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.75 423.83 Td (Employee Severance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.25 423.83 Td (Facility Closur) Tj ET Q q 0 0 0 rg BT 542.99 423.83 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 409.27 Td (Beginning accrual as of January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 409.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 409.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 409.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 409.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.27 Td (Expense provision ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.66 398.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 394.27 Td (3,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 394.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 379.27 Td (Cash payments and other ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.31 383.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 379.32 Td (\(1,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 379.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 379.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 364.27 Td (Change in estimates ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.04 368.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 364.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 364.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.27 Td (Accrual as of December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 349.27 Td (1,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 349.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 334.27 Td (Expense provision ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.66 338.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 334.27 Td (8,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 334.27 Td (2,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 319.27 Td (Cash payments and other ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.31 323.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 319.32 Td (\(7,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 319.32 Td (\(1,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.27 Td (Change in estimates ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.04 308.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 304.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 304.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 304.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 289.27 Td (Accrual as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 289.27 Td (2,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 289.27 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 274.27 Td (Expense provision ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.66 278.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 274.27 Td (2,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 274.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 259.27 Td (Cash payments and other ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.31 263.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 259.32 Td (\(3,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 259.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 259.32 Td (\(320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 259.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 244.27 Td (Change in estimates ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.04 248.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 244.32 Td (\(276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 244.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 244.32 Td (\(210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 244.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 229.27 Td (Accrual as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 229.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 229.27 Td (452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 229.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 229.27 Td (247) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 202.30 Td (\(1\) Included within the Expense provision and Cash payments and other line items in the above table is equity-based compensation of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.13 202.30 Td ($0.4 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 191.50 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 191.50 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 191.50 Td ($3.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.50 191.50 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 191.50 Td ($1.0 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 191.50 Td ( for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.22 191.50 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.94 191.50 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.44 191.50 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.44 191.50 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.94 191.50 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.94 191.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 435.33 191.50 Td (, resulting from the accelerated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 180.70 Td (vesting of modified equity-based compensation awards for certain terminated employees. ) Tj ET Q q 0 0 0 rg BT 373.65 180.70 Td (Additionally) Tj ET Q q 0 0 0 rg BT 418.56 180.70 Td (, as discussed in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.81 180.70 Td (Note 8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.05 180.70 Td (, due to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 169.90 Td (restructuring activities the Company fully impaired the carrying value of certain assets, thereby recognizing net impairment expense in the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (amount of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.99 159.10 Td ($1.9 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 133.00 159.10 Td ( during the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.71 159.10 Td (December31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.44 159.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (Restructuring accruals related to personnel are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.41 135.10 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 135.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 123.10 Td (. Restructuring expenses related to personnel are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.39 123.10 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.37 123.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (Research and development, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.95 111.10 Td ( line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.11 111.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.47 111.10 Td (. Restructuring accruals related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (facilities are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.34 99.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 99.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.91 99.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.99 99.10 Td (. Restructuring expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (related to facilities are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.32 87.10 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.40 87.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.67 87.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.03 87.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 59.53505859375002 m 77.490234375 59.53505859375002 l s q 0 0 0 rg BT 50.00 61.10 Td (Note 3) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 59.53505859375002 m 192.87109375 59.53505859375002 l s q 0 0 0 rg BT 77.49 61.10 Td ( - Pr) Tj ET Q q 0 0 0 rg BT 96.19 61.10 Td (operty and Equipment) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The carrying basis and accumulated depreciation of property and equipment at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.82 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.41 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.84 742.10 Td ( are:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 697.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 697.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 697.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 697.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 667.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 667.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 667.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 637.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 637.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 637.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 718.6 m 500.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 718.6 m 504.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 697.6 m 376.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 697.6 m 438.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 697.6 m 500.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 697.6 m 562.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 652.6 m 500.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 652.6 m 562.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 622.6 m 500.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 622.6 m 562.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 608.6 m 500.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 606.6 m 500.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 622.6 m 562.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 608.6 m 562.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 606.6 m 562.5 606.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.75 709.83 Td (Life in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.40 701.83 Td (Y) Tj ET Q q 0 0 0 rg BT 404.29 701.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.95 722.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 701.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 701.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 701.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 688.17 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 687.27 Td (2-7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 687.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 687.27 Td (1,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 687.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 687.27 Td (3,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 673.17 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 672.27 Td (5-7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 672.27 Td (1,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 672.27 Td (2,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.17 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 657.27 Td (5-7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 657.27 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 657.27 Td (927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 642.27 Td (3,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 642.27 Td (6,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.17 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 627.32 Td (\(2,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 627.32 Td (\(4,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 613.17 Td (Total property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 612.27 Td (735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 612.27 Td (2,040) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (Depreciation expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.70 591.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.28 591.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.28 591.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.28 591.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.72 591.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.72 591.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.27 591.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.17 591.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.17 591.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.06 591.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 591.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.39 591.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 579.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 562.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 562.10 Td (, the Company recorded impairments totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.59 562.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.49 562.10 Td ( to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the carrying value of certain property and equipment that the Company intended to sell at its estimated sales value, less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (estimated costs to sell. ) Tj ET Q q 0 0 0 rg BT 142.30 538.10 Td (The property and equipment was subsequently sold at auction. No gain or loss was recognized on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (sale of the property and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.63 509.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.21 509.10 Td (, the Company accelerated depreciation of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.78 509.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.67 509.10 Td ( related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (property and equipment that will be no longer be in service due to the lease termination described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.21 497.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 497.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 480.10 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 480.10 Td (, as part of a broader strategic restructuring of the Company's business, the Company) Tj ET Q q 0 0 0 rg BT 484.21 480.10 Td (s management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (approved an action to wind down the manufacturing operations of BCSI, LLC, in order to focus the Company's ef) Tj ET Q q 0 0 0 rg BT 505.41 468.10 Td (forts within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (the DSI market on engineering. During 2015, the Company classified certain assets used in the BCSI, LLC manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (operations as held for sale. In doing so, the Company recognized impairment expense of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.27 444.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.16 444.10 Td ( to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (the carrying value of the assets to their estimated sales value, less estimated costs to sell. ) Tj ET Q q 0 0 0 rg BT 406.39 432.10 Td (The property and equipment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (subsequently sold at auction. Proceeds from the sale of the impaired assets totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.73 420.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.62 420.10 Td (. No gain or loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (was recognized on the sale of the property and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (Also during 2015, the Company sold certain property and equipment having a net book value of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.12 391.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.01 391.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (Proceeds from the sale totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.27 379.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.16 379.10 Td (, which resulted in the recognition of a gain on the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 367.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 367.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (The Company also closed its fabrication facility in McKeesport, Pennsylvania during 2015 and recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.61 350.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.50 350.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (expense related to the abandonment of leased facilities.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 310.53505859375 m 77.490234375 310.53505859375 l s q 0 0 0 rg BT 50.00 312.10 Td (Note 4) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 310.53505859375 m 137.4853515625 310.53505859375 l s q 0 0 0 rg BT 77.49 312.10 Td ( - Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (The Company did not have any investment securities related to certificates of deposit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.17 288.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.75 288.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.57 288.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (had investment securities related to certificates of deposit in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.46 276.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.35 276.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 276.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.09 276.10 Td (. No ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (unrealized gains or losses were recorded as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.04 264.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.62 264.10 Td ( related to these investment securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (In November 2014, the Company acquired an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 240.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.83 240.10 Td ( ownership interest in the common stock of Highview) Tj ET Q q 0 0 0 rg BT 463.14 240.10 Td (, a London, England ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (based developmental stage company specializing in power storage, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.90 228.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.79 228.10 Td ( in cash \(the "Highview Investment"\). ) Tj ET Q q 0 0 0 rg BT 537.57 228.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (Company evaluated the Highview Investment and determined that it should account for it under the cost method. ) Tj ET Q q 0 0 0 rg BT 503.77 216.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 204.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 204.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.61 204.10 Td (, the Highview Investment was in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.57 204.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.46 204.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.90 204.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.79 204.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 192.10 Td (. No unrealized gains or losses were recorded as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.42 192.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 192.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.44 192.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.02 192.10 Td ( related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (Highview Investment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (The Highview Investment is evaluated for impairment based on indicators of impairment such as an event or change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (circumstances that may have a significant adverse ef) Tj ET Q q 0 0 0 rg BT 260.00 144.10 Td (fect on the fair value of the investment. ) Tj ET Q q 0 0 0 rg BT 419.49 144.10 Td (When there are no indicators of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (impairment present, the Company estimates the fair value of the Highview Investment only if it is practical to do so. ) Tj ET Q q 0 0 0 rg BT 517.11 132.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 120.10 Td (, the Company estimated the fair value of the Highview Investment based upon an anticipated equity raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (by Highview at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.41 108.10 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 108.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 220.22 108.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.84 108.10 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.34 108.10 Td ( per share is less than the Company's cost per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.19 108.10 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.69 108.10 Td (, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (recorded an impairment char) Tj ET Q q 0 0 0 rg BT 165.04 96.10 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.81 96.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.70 96.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.86 96.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.44 96.10 Td (, which is included in Other line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (Consolidated Statement of Operations. ) Tj ET Q q 0 0 0 rg BT 206.92 84.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.36 84.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.95 84.10 Td (, there were no indicators of impairment, and the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (estimated that the fair value of the Highview Investment approximated the November 2014 purchase price due to the proximity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (of the purchase date to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.02 60.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.60 60.10 Td (. ) Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 77.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 5) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 740.68505859375 m 279.4482421875 740.68505859375 l s q 0 0 0 rg BT 77.49 742.25 Td ( - Costs and Billings on Uncompleted Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Costs incurred on uncompleted contracts represent the gross costs as of the balance sheet dates. Billings on uncompleted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (contracts represent the gross billings as of the balance sheet dates. Costs and billings are netted on an individual contract basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (with contracts in a net cost position aggregated and presented as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.09 701.25 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.77 701.25 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 689.25 Td (, and contracts in a net billing position aggregated and presented as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.84 689.25 Td (Billings in excess of costs on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.24 677.25 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.74 677.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.82 677.25 Td (. ) Tj ET Q q 0 0 0 rg BT 288.64 677.25 Td (The below table shows the components of these items: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 640.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 640.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 610.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 610.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 580.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 580.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 550.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 550.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 653.75 m 488.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 653.75 m 492.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.75 m 562.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 640.75 m 414.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 640.75 m 488.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 640.75 m 562.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 610.75 m 492.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 610.75 m 488.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 596.75 m 488.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 594.75 m 488.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 610.75 m 562.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 594.75 m 562.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 550.75 m 488.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 536.75 m 488.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 534.75 m 488.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 550.75 m 562.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 536.75 m 562.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 534.75 m 562.5 534.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 657.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 645.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 644.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 644.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 631.32 Td (Costs incurred on uncompleted contracts \(gross\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 630.42 Td (42,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 630.42 Td (72,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 616.32 Td (Billings on uncompleted contracts \(gross\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 615.47 Td (\(47,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 615.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 615.47 Td (\(80,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 615.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 600.47 Td (\(4,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 600.47 Td (\(7,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.32 Td (Included in the accompanying balance sheets under the following captions ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 353.46 590.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.04 586.32 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.32 Td (Costs in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 570.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 570.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 570.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 570.42 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.32 Td (Billings in excess of costs on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 555.47 Td (\(4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 555.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 555.47 Td (\(9,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 555.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 541.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 540.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 540.47 Td (\(4,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 540.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 540.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 540.47 Td (\(7,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 540.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 50.00 523.33 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.82 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 60.82 519.25 Td (Amounts presented after netting of costs and billings on an individual contract basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.51 519.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (When the Company determines that a contract will ultimately be completed at a loss, the Company estimates such loss and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (accrues the loss as a loss contract accrual in the period that the loss determination is made. Loss contract accruals of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.50 490.25 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 478.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 478.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 478.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.38 478.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.97 478.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.40 478.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.40 478.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 342.07 478.25 Td (, are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.98 478.25 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.29 478.25 Td ( line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 466.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.80 466.25 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.32 466.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.91 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.91 466.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.91 466.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.35 466.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.35 466.25 Td (, the Company recorded loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (contract provisions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 454.25 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 454.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.59 454.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.49 454.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.92 454.25 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.82 454.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 363.48 454.25 Td (. Loss contract provisions are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Equipment sales cost of revenue, exclusive of depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.89 442.25 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.16 442.25 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 430.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 402.68505859375 m 77.490234375 402.68505859375 l s q 0 0 0 rg BT 50.00 404.25 Td (Note 6) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 402.68505859375 m 415.654296875 402.68505859375 l s q 0 0 0 rg BT 77.49 404.25 Td ( - Resear) Tj ET Q q 0 0 0 rg BT 115.07 404.25 Td (ch and Development and Government and Industry Funded Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (The Company has invested directly in multiple emer) Tj ET Q q 0 0 0 rg BT 260.04 387.25 Td (ging technologies, such as power generation data analytics, technologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.25 Td (aimed at the separation, capture and control of CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 251.87 374.11 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.47 375.25 Td ( emissions related to power generation, natural gas small scale liquefaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (technologies and ener) Tj ET Q q 0 0 0 rg BT 137.01 363.25 Td (gy storage applications through and research and development activities supported by contracts with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (DOE and industry participants. ) Tj ET Q q 0 0 0 rg BT 176.74 351.25 Td (The contracts with the DOE can take the form of grants or cooperative agreements and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (considered financial assistance awards. ) Tj ET Q q 0 0 0 rg BT 208.92 339.25 Td (The deliverables required by the DOE agreements include various technical and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (financial reports that the Company submits on a prescribed schedule. ) Tj ET Q q 0 0 0 rg BT 328.35 327.25 Td (The agreements require the Company to perform the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.25 Td (negotiated scope of work in agreed phases, which includes testing and demonstration of technologies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (The Company has participated in several contracts awarded by the DOE. ) Tj ET Q q 0 0 0 rg BT 343.60 298.25 Td (The Company typically invoices the DOE and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (industry cost-share partners monthly for labor and expenditures plus estimated overhead factors, less any cost share amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (The contracts under which the Company has performed are subject to audit, the result of which may require the Company to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (reimburse the DOE for disallowed costs and other adjustments. ) Tj ET Q q 0 0 0 rg BT 305.32 262.25 Td (The Company has not experienced any material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (adjustments as a result of completed government audits. However) Tj ET Q q 0 0 0 rg BT 313.14 250.25 Td (, the government audits for years ended 2010 through 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (have not yet been finalized.) Tj ET Q q 0 0 0 rg BT 162.55 238.25 Td (The following table shows the impact to Research and development expense amounts recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (the Consolidated Statement of Operations: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 181.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 181.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 181.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 181.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 181.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 181.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 181.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 151.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 151.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 151.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 121.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 121.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 121.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 121.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 202.75 m 413.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 202.75 m 417.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 202.75 m 487.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 202.75 m 491.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 202.75 m 561.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 181.75 m 339.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 181.75 m 413.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 181.75 m 487.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 181.75 m 561.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 181.75 m 413.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 181.75 m 487.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 181.75 m 561.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 121.75 m 413.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 107.75 m 413.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 105.75 m 413.5 105.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 121.75 m 487.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 107.75 m 487.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 105.75 m 487.5 105.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 121.75 m 561.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 107.75 m 561.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 105.75 m 561.5 105.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 207.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 206.98 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 186.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 185.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 185.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 185.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 172.32 Td (Research and development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 171.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 171.42 Td (173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 171.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 171.42 Td (6,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 171.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 171.42 Td (3,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 157.32 Td (Less:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 142.32 Td (DOE funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 141.42 Td (821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 141.42 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 141.42 Td (1,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 127.32 Td (Industry cost-share funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 126.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 126.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 126.42 Td (277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 112.32 Td (Research and development expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 111.47 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 111.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 111.42 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 111.42 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (Included within the above research and development expenses during 2015 is net impairment expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.26 83.25 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 83.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (entire carrying value of the Company's ) Tj ET Q q 0 0 0 rg BT 207.31 71.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 228.42 71.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.37 71.25 Td (Analytics' assets, as discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.27 71.25 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.21 71.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.64 71.25 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.58 71.25 Td (.) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 77.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 7) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 740.68505859375 m 204.716796875 740.68505859375 l s q 0 0 0 rg BT 77.49 742.25 Td ( - Equity Method Investments) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 723.9169921875 m 131.044921875 723.9169921875 l s q 0 0 0 rg BT 50.00 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 725.25 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 93.25 725.25 Td (oup, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.04 725.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 704.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 704.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 704.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 704.25 Td (, the Company) Tj ET Q q 0 0 0 rg BT 253.85 704.25 Td (s ownership in ) Tj ET Q q 0 0 0 rg BT 314.50 704.25 Td (T) Tj ET Q q 0 0 0 rg BT 320.25 704.25 Td (inuum Group was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.41 704.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.24 704.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.06 704.25 Td (T) Tj ET Q q 0 0 0 rg BT 430.82 704.25 Td (inuum Group supplies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 692.25 Td (, equipment and technical services to cyclone-fired and other boiler users, but its primary purpose is to put into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (operation facilities that produce and sell RC that lower emissions and therefore qualify for tax credits available under Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (45 of the IRC \("Section 45 tax credits"\). NexGen Refined Coal, LLC \("NexGen"\) and GSFS Investments I Corp. \(GSFS\), an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 656.25 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 94.06 656.25 Td (The Goldman Sachs Group, Inc. \("GS"\), own the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.06 656.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.89 656.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.33 656.25 Td (15.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.16 656.25 Td (, respectively of ) Tj ET Q q 0 0 0 rg BT 473.62 656.25 Td (T) Tj ET Q q 0 0 0 rg BT 479.38 656.25 Td (inuum Group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (GSFS' ownership interest is in the form of Class B units which provide certain preferences over ) Tj ET Q q 0 0 0 rg BT 434.50 644.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 455.62 644.25 Td ( and NexGen as to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (liquidation and profit distribution, including a guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.17 632.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.50 632.25 Td ( annual return on GSFS' unrecovered investment balance, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (is calculated as the original GSFS investment, plus a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.74 620.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.07 620.25 Td ( annual return thereon, less any distributions, including the allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (of Section 45 tax credits to the members. ) Tj ET Q q 0 0 0 rg BT 215.80 608.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 265.70 608.25 Td (, on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.92 608.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.92 608.25 Td ( year anniversary of the date the last RC facility owned by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 596.25 Td (inuum Group or one of its subsidiaries is placed into service, but no later than December 31, 2021, if GSFS's unrecovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (investment balance has not been reduced to zero, GSFS may require ) Tj ET Q q 0 0 0 rg BT 325.29 584.25 Td (T) Tj ET Q q 0 0 0 rg BT 331.04 584.25 Td (inuum Group to redeem its Class B units for an amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (equal to the then unrecovered investment balance, payable within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.35 572.25 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.35 572.25 Td ( days of the notice of redemption. GSFS has no further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (capital call requirements and does not have a voting interest, but does have approval rights over certain corporate transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 548.25 Td (, the Class B units do not have voting rights and ) Tj ET Q q 0 0 0 rg BT 280.13 548.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 301.25 548.25 Td ( and NexGen each maintain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.75 548.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.08 548.25 Td ( voting interest in ) Tj ET Q q 0 0 0 rg BT 512.67 548.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.42 548.25 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.25 Td (Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 515.25 Td (inuum Group had been determined to be a ) Tj ET Q q 0 0 0 rg BT 226.64 515.25 Td (VIE, however) Tj ET Q q 0 0 0 rg BT 282.32 515.25 Td (, the Company does not have the power to direct the activities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (most significantly impact ) Tj ET Q q 0 0 0 rg BT 153.97 503.25 Td (T) Tj ET Q q 0 0 0 rg BT 159.73 503.25 Td (inuum Group's economic performance and has therefore accounted for the investment under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (equity method of accounting. ) Tj ET Q q 0 0 0 rg BT 169.51 491.25 Td (The Company determined the voting partners of ) Tj ET Q q 0 0 0 rg BT 364.56 491.25 Td (T) Tj ET Q q 0 0 0 rg BT 370.31 491.25 Td (inuum Group have identical voting rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (equity control interests and board control interests, and therefore, concluded that the power to direct the activities that most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (significantly impact ) Tj ET Q q 0 0 0 rg BT 132.02 467.25 Td (T) Tj ET Q q 0 0 0 rg BT 137.78 467.25 Td (inuum Group's economic performance was shared.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (The following tables summarize the assets, liabilities and results of operations of ) Tj ET Q q 0 0 0 rg BT 375.58 446.25 Td (T) Tj ET Q q 0 0 0 rg BT 381.33 446.25 Td (inuum Group: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 407.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 407.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 407.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 407.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 379.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 379.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 379.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 379.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 351.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 351.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 351.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 351.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 323.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 323.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 323.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 323.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 421.75 m 488.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 421.75 m 492.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 421.75 m 562.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 407.75 m 414.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 421.75 m 488.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 407.75 m 488.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 421.75 m 562.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 407.75 m 562.5 407.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 425.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 412.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 411.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 411.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.32 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 398.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 398.32 Td (24,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 398.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 398.32 Td (40,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.32 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 384.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 384.32 Td (83,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 384.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 384.32 Td (90,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 370.32 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 370.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 370.32 Td (43,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 370.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 370.32 Td (60,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.32 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 356.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 356.32 Td (11,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 356.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 356.32 Td (9,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.32 Td (Redeemable Class B equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 342.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 342.32 Td (18,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 342.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 342.32 Td (30,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.32 Td (Members deficit attributable to Class A members) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 328.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 328.32 Td (26,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 328.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 328.32 Td (25,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 314.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 314.32 Td (8,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 314.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 314.32 Td (5,563) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 265.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 265.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 265.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 265.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 235.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 235.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 235.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 205.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 205.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 205.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 175.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 175.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 175.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 175.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 175.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 175.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 175.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 286.75 m 414.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 286.75 m 418.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 286.75 m 488.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 286.75 m 492.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 286.75 m 562.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 265.75 m 340.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 265.75 m 414.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 286.75 m 488.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 265.75 m 488.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 286.75 m 562.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 265.75 m 562.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 265.75 m 488.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 265.75 m 562.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 235.75 m 414.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 235.75 m 488.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 235.75 m 562.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 235.75 m 414.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 235.75 m 488.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 235.75 m 562.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 175.75 m 414.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 161.75 m 414.5 161.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 159.75 m 414.5 159.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 175.75 m 488.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 161.75 m 488.5 161.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 159.75 m 488.5 159.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 175.75 m 562.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 161.75 m 562.5 161.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 159.75 m 562.5 159.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 146.75 m 414.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 144.75 m 414.5 144.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 146.75 m 488.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 144.75 m 488.5 144.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 146.75 m 562.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 144.75 m 562.5 144.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 290.98 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 270.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 269.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 269.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 269.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 255.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 255.42 Td (92,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 255.42 Td (108,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 255.42 Td (89,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 240.42 Td (Operating, selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 240.42 Td (23,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 240.42 Td (23,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 240.42 Td (21,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 225.42 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 225.42 Td (68,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 225.42 Td (85,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 225.42 Td (67,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 210.47 Td (\(8,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 210.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 210.47 Td (\(2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 210.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 210.47 Td (\(1,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 210.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 195.42 Td (Class B preferred return) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 195.47 Td (\(3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 195.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 195.47 Td (\(6,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 195.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 195.47 Td (\(8,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 195.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 180.42 Td (Loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 180.42 Td (27,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 180.42 Td (10,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 180.42 Td (11,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 165.42 Td (Net income available to Class A members) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 165.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 165.42 Td (83,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 165.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 165.42 Td (87,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 165.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 165.42 Td (68,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 150.42 Td (ADES equity earnings from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 150.42 Td (41,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 150.42 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 150.42 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (As shown above, the Company reported earnings from its equity investment in ) Tj ET Q q 0 0 0 rg BT 367.26 125.25 Td (T) Tj ET Q q 0 0 0 rg BT 373.02 125.25 Td (inuum Group of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.96 125.25 Td ($41.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.85 125.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.85 125.25 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.74 125.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 113.25 Td ($43.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 113.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.18 113.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.77 113.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.77 113.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.77 113.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.21 113.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.21 113.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 397.87 113.25 Td (. ) Tj ET Q q 0 0 0 rg BT 402.69 113.25 Td (The dif) Tj ET Q q 0 0 0 rg BT 431.66 113.25 Td (ference between the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (proportionate share of ) Tj ET Q q 0 0 0 rg BT 140.62 101.25 Td (T) Tj ET Q q 0 0 0 rg BT 146.38 101.25 Td (inuum Group's net income \(at its equity interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.08 101.25 Td (42.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.91 101.25 Td (\) as presented in the table below) Tj ET Q q 0 0 0 rg BT 504.11 101.25 Td (, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (Company's earnings from its ) Tj ET Q q 0 0 0 rg BT 167.16 89.25 Td (T) Tj ET Q q 0 0 0 rg BT 172.92 89.25 Td (inuum Group equity method investment as reported on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.26 89.25 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 77.25 Td ( relates to the Company receiving distributions in excess of the carrying value of the equity investment, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (therefore recognizing such excess distributions as equity method earnings in the period the distributions occur) Tj ET Q q 0 0 0 rg BT 489.49 65.25 Td (, as discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 53.25 Td (.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As shown in the table below) Tj ET Q q 0 0 0 rg BT 162.94 742.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 224.33 742.10 Td (s carrying value in ) Tj ET Q q 0 0 0 rg BT 300.79 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 306.54 742.10 Td (inuum Group was reduced to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.13 742.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.33 742.10 Td ( for all years presented, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (cumulative cash distributions received from ) Tj ET Q q 0 0 0 rg BT 227.82 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.58 730.10 Td (inuum Group exceeded the Company's pro-rata share of cumulative earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 718.10 Td (inuum Group. ) Tj ET Q q 0 0 0 rg BT 114.18 718.10 Td (The carrying value of the Company's investment in ) Tj ET Q q 0 0 0 rg BT 321.31 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 327.07 718.10 Td (inuum Group shall remain zero as long as the cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (amount of distributions received from ) Tj ET Q q 0 0 0 rg BT 203.95 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 209.71 706.10 Td (inuum Group continues to exceed the Company's cumulative pro-rata share of ) Tj ET Q q 0 0 0 rg BT 524.29 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 530.05 706.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Group's net income. For periods during which the ending balance of the Company's investment in ) Tj ET Q q 0 0 0 rg BT 443.34 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.10 694.10 Td (inuum Group is zero, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Company only recognizes equity earnings from ) Tj ET Q q 0 0 0 rg BT 242.55 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.31 682.10 Td (inuum Group to the extent that cash distributions are received from ) Tj ET Q q 0 0 0 rg BT 519.44 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.20 682.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Group during the period. For periods during which the ending balance of the Company's investment is greater than zero \(e.g., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (when the cumulative earnings in ) Tj ET Q q 0 0 0 rg BT 182.28 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 188.04 658.10 Td (inuum Group exceeds cumulative cash distributions received\), the Company recognizes its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (pro-rata share of ) Tj ET Q q 0 0 0 rg BT 118.39 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.15 646.10 Td (inuum Group's earnings for the period, less any amount necessary to recover the cumulative earnings short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (fall balance as of the end of the immediately preceding period. ) Tj ET Q q 0 0 0 rg BT 302.12 634.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.57 634.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 634.10 Td (, the Company's carrying value in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 622.10 Td (inuum Group has been reduced to zero, as cumulative cash distributions received from ) Tj ET Q q 0 0 0 rg BT 404.36 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 410.11 622.10 Td (inuum Group have exceeded the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Company's pro-rata share of cumulative earnings in ) Tj ET Q q 0 0 0 rg BT 259.06 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.81 610.10 Td (inuum Group. If ) Tj ET Q q 0 0 0 rg BT 332.40 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.16 610.10 Td (inuum Group subsequently reports net income, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Company will not record its pro-rata share of such net income until the cumulative share of pro-rata income equals or exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (the amount of its cumulative income recognized due to the receipt of cash distributions. Until such time, the Company will only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (report income from ) Tj ET Q q 0 0 0 rg BT 130.07 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.83 574.10 Td (inuum Group to the extent of cash distributions received during the period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (Thus, the amount of equity income or loss reported on the Consolidated Statement of Operations may dif) Tj ET Q q 0 0 0 rg BT 470.01 553.10 Td (fer from a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (mathematical calculation of net income or loss attributable to the equity interest based upon the factor of the equity interest and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (the net income or loss attributable to equity owners as shown on ) Tj ET Q q 0 0 0 rg BT 309.21 529.10 Td (T) Tj ET Q q 0 0 0 rg BT 314.97 529.10 Td (inuum Group) Tj ET Q q 0 0 0 rg BT 371.36 529.10 Td (s statement of operations. ) Tj ET Q q 0 0 0 rg BT 475.50 529.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 525.41 529.10 Td (, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (periods during which the carrying value of the Company's investment in ) Tj ET Q q 0 0 0 rg BT 341.28 517.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.04 517.10 Td (inuum Group is greater than zero, distributions from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 505.10 Td (inuum Group are reported on the Consolidated Statements of Cash Flows as "Distributions from equity method investees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (return on investment" within Operating cash flows. For periods during which the carrying value of the Company's investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.10 481.10 Td (T) Tj ET Q q 0 0 0 rg BT 65.85 481.10 Td (inuum Group is zero, such cash distributions are reported on the Consolidated Statements of Cash Flows as "Distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (from equity method investees in excess of investment basis" within Investing cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (The following table presents the Company's investment balance, equity earnings and cash distributions in excess of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (investment balance for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.27 436.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.85 436.10 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.96 436.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.54 436.10 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.37 436.10 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.21 436.10 Td (\): ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 695.50 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 695.50 4.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 321.50 660.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 660.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 660.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 660.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 660.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 660.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 660.50 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 623.50 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 623.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 623.50 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 623.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 623.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 623.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 623.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 623.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 623.50 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 623.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 623.50 72.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 577.50 206.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 577.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 577.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 577.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 577.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 577.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 577.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 577.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 577.50 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d 0 J 0 j 3 M 377.5 474.5 m 429.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 472.5 m 429.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 496.5 m 485.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 474.5 m 485.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 472.5 m 485.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 496.5 m 561.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 473.5 m 561.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 391.5 m 373.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 369.5 m 373.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 367.5 m 373.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 391.5 m 429.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 369.5 m 429.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 367.5 m 429.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 391.5 m 485.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 369.5 m 485.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 367.5 m 485.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 391.5 m 561.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 369.5 m 561.5 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 367.5 m 561.5 367.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.20 699.73 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.75 699.73 Td (Date\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 707.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.85 699.73 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.65 715.73 Td (ADES equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.30 707.73 Td (earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.10 699.73 Td (\(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 707.73 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.20 699.73 Td (distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.30 739.73 Td (Memorandum) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.75 731.73 Td (Account: Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.75 723.73 Td (distributions and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 715.73 Td (equity loss in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.55 707.73 Td (\(excess\) of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.20 699.73 Td (investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 685.96 Td (Beginning balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 685.96 Td (12/31/2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 685.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 685.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 685.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 685.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 685.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 685.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 685.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 685.96 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 685.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 672.76 Td (ADES proportionate share of net income from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 663.76 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 663.76 Td (inuum Group ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 113.68 667.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 664.96 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 664.96 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 664.96 Td (26,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 664.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 664.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 650.96 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 641.96 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 641.96 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 641.96 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 641.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 641.96 Td (\(12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 641.96 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 473.00 641.95 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 641.96 Td (12,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 627.96 Td (Cash distributions from Tinuum Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 627.96 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 627.96 Td (\(43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 627.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 627.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 627.96 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 627.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 613.96 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 604.96 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 604.96 Td (2014 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 604.96 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 604.96 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 604.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 604.96 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 604.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 590.96 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 581.96 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 581.96 Td (12/31/2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 581.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 581.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 581.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 581.96 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 581.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 581.96 Td (43,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 581.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 581.96 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 581.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 568.76 Td (ADES proportionate share of net income from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 559.76 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 559.76 Td (inuum Group ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 113.68 563.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 560.96 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 560.96 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 560.96 Td (35,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 560.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 546.96 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 537.96 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 537.96 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 537.96 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 537.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 537.96 Td (\(29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 537.96 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 473.00 537.95 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 537.96 Td (29,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 523.96 Td (Cash distributions from Tinuum Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 523.96 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 523.96 Td (\(8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 523.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 523.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 523.96 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 523.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 509.96 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 500.96 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 500.96 Td (2015 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 500.96 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 500.96 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 500.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 500.96 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 500.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 486.96 Td (Total investment balance, equity earnings \(loss\) and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 477.96 Td (cash distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 477.96 Td (12/31/2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 477.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 477.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 477.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 477.96 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 477.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 477.96 Td (8,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 477.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 477.96 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 477.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 464.76 Td (ADES proportionate share of net income from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 455.76 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 455.76 Td (inuum Group ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 113.68 459.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 455.96 Td (2016 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 455.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 455.96 Td (35,019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 455.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 455.96 Td (35,019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 455.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 455.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 455.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 455.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 441.96 Td (Recovery of cash distributions in excess of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 432.96 Td (investment balance \(prior to cash distributions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 432.96 Td (2016 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 432.96 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 432.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 432.96 Td (\(3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 432.96 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 473.00 432.95 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 432.96 Td (3,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 418.96 Td (Cash distributions from Tinuum Group) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 418.96 Td (2016 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 418.96 Td (\(41,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 418.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 418.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 418.96 Td (41,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 418.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 404.96 Td (Adjustment for current year cash distributions in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 395.96 Td (excess of investment balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 395.96 Td (2016 activity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 395.96 Td (9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 395.96 Td (9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 395.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 395.96 Td (\(9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 395.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 381.96 Td (Total investment balance, equity earnings and cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 372.96 Td (distributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.45 372.96 Td (12/31/2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 372.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 372.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 372.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 372.96 Td (41,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 372.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 372.96 Td (41,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 372.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 372.96 Td (\(9,894) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 372.96 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 353.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.58 353.20 Td (The amounts of the Company's ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.94 353.20 Td (42.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.18 353.20 Td ( proportionate share of net income as shown in the table above dif) Tj ET Q q 0 0 0 rg BT 437.45 353.20 Td (fer from mathematical ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 342.40 Td (calculations of the Company) Tj ET Q q 0 0 0 rg BT 155.72 342.40 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.48 342.40 Td (42.5%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.72 342.40 Td ( equity interest in ) Tj ET Q q 0 0 0 rg BT 249.55 342.40 Td (T) Tj ET Q q 0 0 0 rg BT 254.73 342.40 Td (inuum Group multiplied by the amounts of Net Income available to Class ) Tj ET Q q 0 0 0 rg BT 521.18 342.40 Td (A) Tj ET Q q 0 0 0 rg BT 527.18 342.40 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 331.60 Td (members as shown in the table above of ) Tj ET Q q 0 0 0 rg BT 196.30 331.60 Td (T) Tj ET Q q 0 0 0 rg BT 201.48 331.60 Td (inuum Group's results of operations due to adjustments related to the Class B preferred return and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 320.80 Td (the elimination of ) Tj ET Q q 0 0 0 rg BT 116.07 320.80 Td (T) Tj ET Q q 0 0 0 rg BT 121.25 320.80 Td (inuum Group's earnings attributable to RCM6, of which the Company owned ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.83 320.80 Td (24.95%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.58 320.80 Td ( during the years ended December ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 310.00 Td (31, 2015 and 2014 and for the period from January 1 through March 3, 2016. ) Tj ET Q q 0 0 0 rg BT 329.44 310.00 Td (As noted below) Tj ET Q q 0 0 0 rg BT 385.35 310.00 Td (, the Company sold its interest in RCM6 on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 299.20 Td (March 3, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.20 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 282.20 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 282.20 Td (, the Company's future proportionate share of ) Tj ET Q q 0 0 0 rg BT 336.82 282.20 Td (T) Tj ET Q q 0 0 0 rg BT 342.58 282.20 Td (inuum Group's net income must exceed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.20 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 270.20 Td ( before the Company can recognize any earnings from ) Tj ET Q q 0 0 0 rg BT 318.34 270.20 Td (T) Tj ET Q q 0 0 0 rg BT 324.10 270.20 Td (inuum Group, unless future, non-refundable cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.20 Td (distributions occur) Tj ET Q q 0 0 0 rg BT 124.31 258.20 Td (, in which event such distributions would be recognized as earnings from ) Tj ET Q q 0 0 0 rg BT 418.78 258.20 Td (T) Tj ET Q q 0 0 0 rg BT 424.54 258.20 Td (inuum Group in the Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.20 Td (Statement of Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.20 Td (Additional information related to ) Tj ET Q q 0 0 0 rg BT 184.79 229.20 Td (T) Tj ET Q q 0 0 0 rg BT 190.54 229.20 Td (inuum Group pursuant to Regulation S-X Rule 3-09 \("Rule 3-09"\) of the Securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.37 217.20 Td (Act of 1934 \(the "Exchange ) Tj ET Q q 0 0 0 rg BT 205.14 217.20 Td (Act"\) is included within Item 15 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 336.98 217.20 Td (Exhibits and Financial Statement Schedules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.55 217.20 Td (\("Item 15"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.20 Td (of this Form 10-K. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 186.86699218750005 m 138.6181640625 186.86699218750005 l s q 0 0 0 rg BT 50.00 188.20 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 188.20 Td (inuum Services, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.20 Td (In 2010, the Company) Tj ET Q q 0 0 0 rg BT 138.78 171.20 Td (, together with NexGen, formed ) Tj ET Q q 0 0 0 rg BT 268.84 171.20 Td (T) Tj ET Q q 0 0 0 rg BT 274.60 171.20 Td (inuum Services for the purpose of operating and maintaining all of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.20 Td (RC facilities, including those RC facilities leased or sold to third parties. ) Tj ET Q q 0 0 0 rg BT 342.54 159.20 Td (The Company has determined that ) Tj ET Q q 0 0 0 rg BT 482.60 159.20 Td (T) Tj ET Q q 0 0 0 rg BT 488.36 159.20 Td (inuum Services is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.20 Td (not a ) Tj ET Q q 0 0 0 rg BT 72.04 147.20 Td (VIE and has evaluated the consolidation analysis under the ) Tj ET Q q 0 0 0 rg BT 310.40 147.20 Td (V) Tj ET Q q 0 0 0 rg BT 316.33 147.20 Td (oting Interest Model. ) Tj ET Q q 0 0 0 rg BT 402.80 147.20 Td (The Company has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 147.20 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.33 147.20 Td ( voting and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.20 Td (economic interest in ) Tj ET Q q 0 0 0 rg BT 133.40 135.20 Td (T) Tj ET Q q 0 0 0 rg BT 139.16 135.20 Td (inuum Services, which is equivalent to the voting and economic interest of NexGen. ) Tj ET Q q 0 0 0 rg BT 478.62 135.20 Td (Therefore, as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.20 Td (Company does not hold greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 123.20 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.07 123.20 Td ( of the outstanding voting interests, either directly or indirectly) Tj ET Q q 0 0 0 rg BT 466.47 123.20 Td (, it has accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.20 Td (the investment under the equity method of accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.20 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 90.20 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 90.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 90.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 90.20 Td (, the Company) Tj ET Q q 0 0 0 rg BT 253.85 90.20 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 90.20 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.57 90.20 Td ( investment in ) Tj ET Q q 0 0 0 rg BT 337.55 90.20 Td (T) Tj ET Q q 0 0 0 rg BT 343.31 90.20 Td (inuum Services was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.79 90.20 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.68 90.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.12 90.20 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.01 90.20 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 78.20 Td (.) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following tables summarize the assets, liabilities and results of operations of ) Tj ET Q q 0 0 0 rg BT 375.58 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 381.33 742.10 Td (inuum Services:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 701.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 701.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 701.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 701.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 701.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 671.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 671.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 641.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 641.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 716.6 m 488.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 716.6 m 492.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 716.6 m 562.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 701.6 m 414.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 716.6 m 488.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 701.6 m 488.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 716.6 m 562.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.6 m 562.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 701.6 m 414.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.6 m 562.5 701.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 720.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 720.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 705.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 705.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 705.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 692.17 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 691.27 Td (278,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 691.27 Td (186,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 676.27 Td (3,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 676.27 Td (3,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 662.17 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 661.27 Td (97,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 661.27 Td (92,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.17 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 646.27 Td (1,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 646.27 Td (1,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 631.27 Td (7,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 631.27 Td (7,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.17 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 616.27 Td (174,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 616.27 Td (88,687) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 567.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 567.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 567.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 567.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 537.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 537.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 537.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 507.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 507.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 507.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 507.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 507.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 477.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 477.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 477.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 477.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 588.6 m 414.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 588.6 m 418.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 588.6 m 488.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 588.6 m 492.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 588.6 m 562.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 567.6 m 340.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 567.6 m 414.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 588.6 m 488.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 567.6 m 488.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 588.6 m 562.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 567.6 m 562.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 567.6 m 340.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 567.6 m 414.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 567.6 m 488.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 567.6 m 562.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 537.6 m 414.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 537.6 m 488.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 537.6 m 562.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 537.6 m 414.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 537.6 m 488.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 537.6 m 562.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 492.6 m 414.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 478.6 m 414.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 476.6 m 414.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 492.6 m 488.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 478.6 m 488.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 476.6 m 488.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 492.6 m 562.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 478.6 m 562.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 476.6 m 562.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 463.6 m 414.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 461.6 m 414.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 463.6 m 488.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 461.6 m 488.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 463.6 m 562.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 461.6 m 562.5 461.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 592.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 592.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 571.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 571.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 571.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 571.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.27 Td (Gross loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 557.32 Td (\(54,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 557.32 Td (\(42,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 557.32 Td (\(22,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.27 Td (Operating, selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 542.27 Td (134,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 542.27 Td (161,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 542.27 Td (102,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 527.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 527.32 Td (\(189,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 527.32 Td (\(203,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 527.32 Td (\(124,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 527.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.27 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 512.32 Td (\(56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 512.32 Td (\(118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 512.32 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.27 Td (Loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 497.27 Td (198,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 497.27 Td (213,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 497.27 Td (132,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 482.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 482.27 Td (8,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 482.27 Td (9,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 482.27 Td (7,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.27 Td (ADES equity earnings from Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 467.27 Td (4,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 467.27 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 467.27 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Included within the Consolidated Statement of Operations of ) Tj ET Q q 0 0 0 rg BT 295.88 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.64 442.10 Td (inuum Services during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.37 442.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.95 442.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 430.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 430.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 430.10 Td ( were losses related to ) Tj ET Q q 0 0 0 rg BT 200.06 430.10 Td (VIE entities that are consolidated within ) Tj ET Q q 0 0 0 rg BT 363.72 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 369.48 430.10 Td (inuum Services of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.74 430.10 Td ($198.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.63 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.63 430.10 Td ($213.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 418.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 418.10 Td ($132.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.22 418.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 209.88 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.70 418.10 Td (These losses do not impact the Company's equity earnings from ) Tj ET Q q 0 0 0 rg BT 472.39 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.14 418.10 Td (inuum Services as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (100% of those losses are attributable to a noncontrolling interest and eliminated in the calculations of ) Tj ET Q q 0 0 0 rg BT 457.49 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 463.24 406.10 Td (inuum Services' net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (income attributable to the Company's interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 377.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.67 377.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 377.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 253.93 377.10 Td (T) Tj ET Q q 0 0 0 rg BT 259.68 377.10 Td (inuum Services did not meet the significant subsidiary test provided in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (Regulation S-X Rule 1-02\(w\) \("Rule 1-02\(w\)"\) and pursuant to Regulation S-X Rule 3-09 \("Rule 3-09"\).) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 346.7669921875 m 98.9013671875 346.7669921875 l s q 0 0 0 rg BT 50.00 348.10 Td (RCM6, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (On February 10, 2014, the Company purchased a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.40 331.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.23 331.10 Td ( membership interest in RCM6, which owned a single RC facility that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (produced and sold RC that qualified for Section 45 tax credits, from ) Tj ET Q q 0 0 0 rg BT 324.48 319.10 Td (T) Tj ET Q q 0 0 0 rg BT 330.23 319.10 Td (inuum Group through a combination of an up-front ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (payment and note payable to ) Tj ET Q q 0 0 0 rg BT 167.28 307.10 Td (T) Tj ET Q q 0 0 0 rg BT 173.04 307.10 Td (inuum Group. Due to the payment terms of the note purchase agreement, the note payable was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (periodically negatively amortizing. ) Tj ET Q q 0 0 0 rg BT 192.55 295.10 Td (The balance of the note payable balance as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.18 295.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.76 295.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.31 295.10 Td ($14.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.21 295.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (addition to the upfront and note payments, the Company was also subject to quarterly capital calls and variable payments based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (upon dif) Tj ET Q q 0 0 0 rg BT 83.43 271.10 Td (ferences in originally forecasted RC production as of the purchase date and actual quarterly production. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.98 259.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 259.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 259.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 259.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 259.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 259.10 Td (, the Company paid aggregate capital calls and variable payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.67 259.10 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 247.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 247.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.78 247.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 247.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 247.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 253.77 247.10 Td (. RCM6 was determined to be a ) Tj ET Q q 0 0 0 rg BT 383.01 247.10 Td (VIE; however) Tj ET Q q 0 0 0 rg BT 438.98 247.10 Td (, the Company did not have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (the power to direct the activities that most significantly impact its economic performance and therefore accounted for RCM6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (under the equity method of accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 202.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 202.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 202.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 202.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 253.85 202.10 Td (s ownership in RCM6 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.46 202.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.29 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 398.11 202.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 457.82 202.10 Td (s investment in RCM6 as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 190.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.41 190.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.97 190.10 Td ($13.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.86 190.10 Td (. On March 3, 2016, the Company sold its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.40 190.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.23 190.10 Td ( membership interest in RCM6 for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.03 178.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.92 178.10 Td ( and the assumption, by the buyer) Tj ET Q q 0 0 0 rg BT 301.22 178.10 Td (, of the outstanding note payable made by the Company in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (connection with its purchase of RCM6 membership interests from ) Tj ET Q q 0 0 0 rg BT 316.71 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 322.47 166.10 Td (inuum Group in February 2014. In doing so, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (recognized a gain on the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.11 154.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 154.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.46 154.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.05 154.10 Td (, which is included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.86 154.10 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.63 154.10 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 142.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.63 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.08 142.10 Td (As a result of the sale of its ownership interest, the Company ceased to be a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (member of RCM6 and, as such, is no longer subject to any quarterly capital calls and variable payments to RCM6. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (the Company has no future obligations related to the previously recorded note payable. However) Tj ET Q q 0 0 0 rg BT 436.70 118.10 Td (, the Company will still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (receive its pro-rata share of income and cash distributions through its ownership in ) Tj ET Q q 0 0 0 rg BT 383.34 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 389.10 106.10 Td (inuum Group based on the RCM6 RC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (facility lease payments made to ) Tj ET Q q 0 0 0 rg BT 178.38 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 184.14 94.10 Td (inuum Group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (The following tables summarize the assets and liabilities and results of operations of RCM6 for balance sheet dates and periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (ended in which the Company owned a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.80 61.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.63 61.10 Td ( membership interest:) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 718.50 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 718.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 718.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 718.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 718.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 688.50 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 688.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 688.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.50 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 658.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 658.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 733.5 m 486.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 733.5 m 490.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 733.5 m 560.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 718.5 m 412.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 718.5 m 486.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 718.5 m 560.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 718.5 m 412.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 718.5 m 486.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 718.5 m 560.5 718.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 737.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.95 737.73 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 722.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 722.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 722.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 709.07 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 708.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 708.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 708.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 708.17 Td (12,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 694.07 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 693.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 693.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 693.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 693.17 Td (2,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.07 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 678.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 678.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 678.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 678.17 Td (1,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.07 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 663.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 663.17 Td (7,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.07 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 648.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 648.17 Td (5,574) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 594.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 594.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 594.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 594.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 594.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 594.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 564.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 564.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 564.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 564.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 564.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 564.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.50 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 534.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 534.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 534.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 534.50 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 534.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 534.50 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 609.5 m 392.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 609.5 m 477.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 609.5 m 562.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 594.5 m 307.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 609.5 m 392.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 594.5 m 392.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 609.5 m 477.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 594.5 m 477.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 609.5 m 562.5 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 594.5 m 562.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 594.5 m 307.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 594.5 m 477.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 594.5 m 562.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 564.5 m 392.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 564.5 m 477.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 564.5 m 562.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 564.5 m 392.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 564.5 m 477.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 564.5 m 562.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 534.5 m 392.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 520.5 m 392.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 518.5 m 392.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 534.5 m 477.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 520.5 m 477.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 518.5 m 477.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 534.5 m 562.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 520.5 m 562.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 518.5 m 562.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 505.5 m 392.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 503.5 m 392.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 505.5 m 477.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 503.5 m 477.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 505.5 m 562.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 503.5 m 562.5 503.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 613.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.45 613.73 Td (January 1 - March 3,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 613.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 598.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.50 598.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.50 598.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 598.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.17 Td (Gross loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 584.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 584.22 Td (\(555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 584.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 584.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 584.22 Td (\(7,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 584.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 584.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 584.22 Td (\(8,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 584.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.17 Td (Operating, selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 569.17 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 569.17 Td (2,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 569.17 Td (2,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.17 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 554.22 Td (\(915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 554.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 554.22 Td (\(10,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 554.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 554.22 Td (\(10,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 554.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.17 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.30 539.22 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 539.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 539.22 Td (\(641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 539.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 539.22 Td (\(666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 539.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.17 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 524.22 Td (\(967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 524.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 524.22 Td (\(10,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 524.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 524.22 Td (\(11,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 524.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.17 Td (ADES equity loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 509.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 509.22 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 509.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 509.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 509.22 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 509.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 509.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 509.22 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 509.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (The purchase of RCM6 resulted in the Company recording a basis dif) Tj ET Q q 0 0 0 rg BT 328.36 484.00 Td (ference related to property) Tj ET Q q 0 0 0 rg BT 433.49 484.00 Td (, plant and equipment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.00 Td (identifiable intangible assets. ) Tj ET Q q 0 0 0 rg BT 168.68 472.00 Td (The amount by which the total of the Company's investment in RCM6 exceeded its proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.00 Td (share of the investee's net assets, recorded within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.40 460.00 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.83 460.00 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 460.00 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.18 460.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.00 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 448.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 448.00 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.80 448.00 Td ($1) Tj ET Q q 0 0 0 rg BT 180.42 448.00 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.32 448.00 Td (. ) Tj ET Q q 0 0 0 rg BT 229.14 448.00 Td (The dif) Tj ET Q q 0 0 0 rg BT 258.11 448.00 Td (ference between the Company's proportionate share of RCM6's net loss and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (the Company's equity losses noted above related to this depreciation and amortization. For the period from January 1 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.00 Td (March 3, 2016 and the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.73 424.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.31 424.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.75 424.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 424.00 Td (, the Company decreased its equity method earnings in RCM6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 412.00 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.39 412.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 412.00 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.28 412.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.72 412.00 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.61 412.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 286.27 412.00 Td (, due to the basis dif) Tj ET Q q 0 0 0 rg BT 366.64 412.00 Td (ference. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.00 Td (The following table details the carrying value of the Company's respective equity method investments included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.00 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 383.00 Td ( line item on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.92 383.00 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 383.00 Td ( and indicates the Company's maximum exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.00 Td (loss:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 330.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 330.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 330.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 330.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 330.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 300.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 300.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 300.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 300.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 300.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 345.5 m 487.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 345.5 m 491.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 345.5 m 561.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 330.5 m 413.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 345.5 m 487.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 330.5 m 487.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 345.5 m 491.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 345.5 m 561.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 330.5 m 561.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 330.5 m 413.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 330.5 m 487.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 330.5 m 561.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 285.5 m 487.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 271.5 m 487.5 271.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 269.5 m 487.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 285.5 m 561.5 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 271.5 m 561.5 271.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 269.5 m 561.5 269.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 349.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 349.73 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 334.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 334.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 334.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 321.07 Td (Equity method investment in Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 320.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 320.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 320.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 320.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 306.07 Td (Equity method investment in Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 305.17 Td (3,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 305.17 Td (3,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 291.07 Td (Equity method investment in RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 290.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 290.17 Td (13,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 275.17 Td (Total equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 275.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 275.17 Td (3,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 275.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 275.17 Td (17,232) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.00 Td (The Company evaluates the investments for impairment whenever events or changes in circumstances indicate that the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.00 Td (amount of the investment might not be recoverable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.11 238.00 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.33 238.00 Td ( impairments were recorded during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.02 238.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.61 238.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 226.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 226.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 226.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.00 Td (The following table details the components of the Company's respective earnings or loss from equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.00 Td (included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.71 190.00 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.46 190.00 Td ( line item on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.94 190.00 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 190.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 153.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 153.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 153.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 153.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 153.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 153.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 153.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 123.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 123.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 123.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 123.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 123.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 123.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 123.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 166.5 m 413.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 153.5 m 339.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 166.5 m 413.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 153.5 m 413.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 166.5 m 487.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 153.5 m 487.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 166.5 m 561.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 153.5 m 561.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 153.5 m 487.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 153.5 m 561.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 108.5 m 413.5 108.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 94.5 m 413.5 94.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 92.5 m 413.5 92.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 108.5 m 487.5 108.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 94.5 m 487.5 94.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 92.5 m 487.5 92.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 108.5 m 561.5 108.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 94.5 m 561.5 94.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 92.5 m 561.5 92.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 170.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 157.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 157.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 157.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 157.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 144.07 Td (Earnings from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 143.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 143.17 Td (41,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 143.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 143.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 143.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 143.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 129.07 Td (Earnings from Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 128.17 Td (4,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 128.17 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 128.17 Td (3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 114.07 Td (Loss from RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 113.22 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 113.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 113.22 Td (\(4,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 113.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 113.22 Td (\(4,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 113.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 98.17 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 98.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 98.17 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 98.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 98.17 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 98.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 98.17 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.00 Td (The following table details the components of additional cash investments related to the Company's respective equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.00 Td (investments included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 58.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.42 58.00 Td (:) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 692.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 735.5 m 412.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 338.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 735.5 m 412.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 722.5 m 412.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 735.5 m 486.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 722.5 m 486.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 735.5 m 560.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 722.5 m 560.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 722.5 m 486.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 722.5 m 560.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 692.5 m 412.5 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 678.5 m 412.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 676.5 m 412.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 692.5 m 486.5 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 678.5 m 486.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 676.5 m 486.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 692.5 m 560.5 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 678.5 m 560.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 676.5 m 560.5 676.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.60 739.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 726.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 726.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 726.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 713.07 Td (Purchase of RCM6 interest from Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 712.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 712.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 712.17 Td (3,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.07 Td (Contributions to RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 697.17 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 697.17 Td (2,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 697.17 Td (3,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 682.17 Td (Purchase of and contributions to equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 682.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 682.17 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 682.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 682.17 Td (2,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 682.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 682.17 Td (6,631) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 654.00 Td (The following table details the components of the cash distributions from the Company's respective equity method investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.00 Td (included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.71 642.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 642.00 Td (. Distributions from equity method investees are reported on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.00 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.44 630.00 Td ( as return on investment within Operating cash flows until such time as the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 618.00 Td (value in an equity method investee company is reduced to zero; thereafter) Tj ET Q q 0 0 0 rg BT 344.76 618.00 Td (, such distributions are reported as distributions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.00 Td (excess of cumulative earnings within Investing cash flows.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 569.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 569.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 569.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 569.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 569.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 569.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 539.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 539.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 539.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 539.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 539.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 539.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.50 288.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 509.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 509.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 509.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 509.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 509.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 509.50 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.50 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 469.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 469.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 469.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 469.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 469.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 469.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 582.5 m 412.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 569.5 m 338.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 582.5 m 412.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 569.5 m 412.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 582.5 m 486.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 569.5 m 486.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 582.5 m 560.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 569.5 m 560.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 569.5 m 338.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 569.5 m 486.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 569.5 m 560.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 524.5 m 412.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 510.5 m 412.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 508.5 m 412.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 524.5 m 486.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 510.5 m 486.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 508.5 m 486.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 524.5 m 560.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 510.5 m 560.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 508.5 m 560.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 469.5 m 412.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 455.5 m 412.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 453.5 m 412.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 469.5 m 486.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 455.5 m 486.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 453.5 m 486.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 469.5 m 560.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 455.5 m 560.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 453.5 m 560.5 453.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.60 586.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 573.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 573.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 573.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 573.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.07 Td (Distributions from equity method investees, return on investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 545.07 Td (T) Tj ET Q q 0 0 0 rg BT 64.76 545.07 Td (inuum Group ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.87 549.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 544.17 Td (3,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 544.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 544.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 530.07 Td (Tinuum Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 529.17 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 529.17 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 529.17 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.17 Td (Included in Operating Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 514.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 514.17 Td (7,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 514.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 514.17 Td (5,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 514.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 514.17 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 500.07 Td (Distributions from equity method investees in excess of cumulative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.07 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 475.07 Td (Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 474.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 474.17 Td (38,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 474.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 474.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 474.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 474.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 459.17 Td (Included in Investing Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 459.17 Td (38,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 459.17 Td (8,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 459.17 Td (43,584) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 432.20 Td (\(1\) During thethree months endedMarch31, 2016, the Company's cumulative share of pro-rata ) Tj ET Q q 0 0 0 rg BT 397.61 432.20 Td (T) Tj ET Q q 0 0 0 rg BT 402.79 432.20 Td (inuum Group income exceeded the amount ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 420.20 Td (of its cumulative income recognized due to cash being distributed. ) Tj ET Q q 0 0 0 rg BT 290.68 420.20 Td (As such, the Company recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.15 420.20 Td ($3.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.15 420.20 Td ( as "return on investment".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.23 420.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 392.63505859375 m 77.490234375 392.63505859375 l s q 0 0 0 rg BT 50.00 394.20 Td (Note 8) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 392.63505859375 m 134.169921875 392.63505859375 l s q 0 0 0 rg BT 77.49 394.20 Td ( - ) Tj ET Q q 0 0 0 rg BT 85.27 394.20 Td (Acquisition) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 368.8669921875 m 117.87109375 368.8669921875 l s q 0 0 0 rg BT 50.00 370.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.32 370.20 Td (Acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.20 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 346.20 Td (November 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 346.20 Td (, the Company entered into an agreement with InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 405.14 346.20 Td (iew Monitoring Solutions Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.20 Td (\(collectively "ClearV) Tj ET Q q 0 0 0 rg BT 134.83 334.20 Td (iew"\), both Israel-based companies specializing in data analytics, to allow the Company the exclusive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.20 Td (option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 221.01 322.20 Td (iew) Tj ET Q q 0 0 0 rg BT 234.80 322.20 Td (. ) Tj ET Q q 0 0 0 rg BT 239.62 322.20 Td (The Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.77 322.20 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 322.20 Td ( related to this option, which would be applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.20 Td (to the future purchase price if applicable. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.42 310.20 Td (January 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.02 310.20 Td (, the Company notified ClearV) Tj ET Q q 0 0 0 rg BT 404.00 310.20 Td (iew that it had elected to exercise its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.20 Td (exclusive option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 261.27 298.20 Td (iew) Tj ET Q q 0 0 0 rg BT 275.06 298.20 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.20 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 274.20 Td (March 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.43 274.20 Td (, the Company acquired the certain assets of InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 380.70 274.20 Td (iew Monitoring Solutions Ltd., to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.20 Td (operated under the Company's wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 274.72 262.20 Td (, ) Tj ET Q q 0 0 0 rg BT 279.17 262.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 300.28 262.20 Td ( ) Tj ET Q q 0 0 0 rg BT 302.23 262.20 Td (Analytics, for total cash payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.91 262.20 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.80 262.20 Td (, which was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.20 Td (inclusive of value-add tax of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.90 250.20 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.80 250.20 Td (. ) Tj ET Q q 0 0 0 rg BT 220.62 250.20 Td (The acquisition was accounted for under the acquisition method of accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.20 Td (which requires the total purchase consideration to be allocated to the assets acquired and liabilities assumed based on estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.20 Td (of fair value. Operating results related to the acquired assets were consolidated into the Company) Tj ET Q q 0 0 0 rg BT 441.82 226.20 Td (s results of operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.20 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 214.20 Td (March6, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 214.20 Td (. ) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( summary of the purchase consideration and allocation of the purchase consideration is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 716.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 716.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 716.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 686.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 656.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 626.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 596.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 566.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 536.60 98.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 641.6 m 562.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 627.6 m 562.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 625.6 m 562.5 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 597.6 m 562.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 595.6 m 562.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 521.6 m 562.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 505.6 m 562.5 505.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 720.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 720.85 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 706.27 Td (Purchase consideration:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 691.27 Td (Cash paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 691.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 691.27 Td (2,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Fair value of liabilities assumed:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 662.17 Td (Accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 661.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 647.17 Td (Contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 646.27 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Total fair value of liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 631.27 Td (461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.17 Td (Total purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 601.27 Td (2,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.17 Td (Allocation of purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 557.17 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 556.27 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 542.17 Td (Property and equipment and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 541.27 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 527.17 Td (Intangibles - in process research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 526.27 Td (2,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 511.27 Td (2,821) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The transaction called for a series of contingent payments based upon the achievement of certain predetermined sales tar) Tj ET Q q 0 0 0 rg BT 532.12 490.10 Td (gets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and the completion of certain sales transactions. ) Tj ET Q q 0 0 0 rg BT 244.20 478.10 Td (These contingent payments were classified as contingent consideration. ) Tj ET Q q 0 0 0 rg BT 532.17 478.10 Td (As part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of the purchase price, the Company recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.09 466.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 466.10 Td ( liability for the contingent consideration based upon the net present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (value of the Company's estimate of the future payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.28 437.10 Td (August 2015, as part of a broader strategic restructuring of the Company's business to simplify its operating structurein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (a manner that creates increased customer focus, better supports sales and product delivery and also aligns the Company) Tj ET Q q 0 0 0 rg BT 530.40 425.10 Td (s cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (structure as the emissions control market shifts towards compliance solutions for the Federal Mercury and ) Tj ET Q q 0 0 0 rg BT 476.28 413.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 491.93 413.10 Td (T) Tj ET Q q 0 0 0 rg BT 497.34 413.10 Td (oxics Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (\("MA) Tj ET Q q 0 0 0 rg BT 72.42 401.10 Td (TS"\), the Company) Tj ET Q q 0 0 0 rg BT 152.88 401.10 Td (s management approved an action to wind down operations of ) Tj ET Q q 0 0 0 rg BT 403.37 401.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 424.49 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.44 401.10 Td (Analytics. ) Tj ET Q q 0 0 0 rg BT 469.21 401.10 Td (As a result of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (actions, the Company fully impaired the carrying value of the assets and reversed the liability for the contingent consideration, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (thereby recognizing net impairment expense in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.53 377.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.42 377.10 Td ( during 2015. ) Tj ET Q q 0 0 0 rg BT 402.98 377.10 Td (As disclosed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.59 377.10 Td (Note 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.53 377.10 Td (, the impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (expense was included as a component of research and development expense for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.79 365.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.37 365.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 337.53505859375 m 77.490234375 337.53505859375 l s q 0 0 0 rg BT 50.00 339.10 Td (Note 9) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 77.490234375 337.53505859375 m 202.1044921875 337.53505859375 l s q 0 0 0 rg BT 77.49 339.10 Td ( - Related Party ) Tj ET Q q 0 0 0 rg BT 147.29 339.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.21 339.10 Td (ransactions) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 320.7669921875 m 136.904296875 320.7669921875 l s q 0 0 0 rg BT 50.00 322.10 Td (Accounts Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (The following table shows the Company's receivable balance associated with related parties as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.67 301.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.25 301.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 289.10 Td (, respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 248.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 248.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 248.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 248.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 263.6 m 488.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 263.6 m 492.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 263.6 m 562.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 248.60000000000002 m 414.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 263.6 m 488.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 248.60000000000002 m 488.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 263.6 m 562.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 248.60000000000002 m 562.5 248.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 267.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 267.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 252.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 252.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 252.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 239.17 Td (Receivable from related party - Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 238.27 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 238.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 238.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 215.76699218750002 m 218.662109375 215.76699218750002 l s q 0 0 0 rg BT 50.00 217.10 Td (Accounts Payable and ) Tj ET Q q 0 0 0 rg BT 141.74 217.10 Td (Advanced Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (The following table shows the Company's payable balance associated with related parties, exclusive of amounts owed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (employees and directors in the normal course of business, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.49 184.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.07 184.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.51 184.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 184.10 Td (, respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 143.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 143.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 143.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 143.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 143.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 158.60000000000002 m 488.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 158.60000000000002 m 492.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 143.60000000000002 m 414.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 158.60000000000002 m 488.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 143.60000000000002 m 488.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 143.60000000000002 m 562.5 143.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 162.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 162.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 147.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 147.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 147.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.17 Td (Payable to related party - RCM6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 133.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 133.27 Td (270) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (Prior to 2014, the Company received advanced payments totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.38 108.10 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.27 108.10 Td ( for M-45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 407.15 112.63 Td (TM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.90 108.10 Td ( technology royalties from ) Tj ET Q q 0 0 0 rg BT 525.02 108.10 Td (T) Tj ET Q q 0 0 0 rg BT 530.78 108.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 80.00 96.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 96.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 96.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.47 96.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.47 96.10 Td (, the Company's remaining advanced deposit balance was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.03 96.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.24 96.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.67 96.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.57 96.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 84.10 Td (.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 87.75390625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (The following table shows the revenues recognized with related parties during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.42 721.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.01 721.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.01 721.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.01 721.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 709.10 Td (, respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.60 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 662.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 662.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 662.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 662.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 662.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 662.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 683.6 m 414.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 683.6 m 488.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 683.6 m 562.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 662.6 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 343.5 662.6 m 414.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 683.6 m 488.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 662.6 m 488.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 683.6 m 562.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 662.6 m 562.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 662.6 m 562.5 662.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 687.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 666.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 666.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 666.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 666.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.17 Td (Revenues from related party - Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 652.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 652.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 652.27 Td (665) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 627.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.62 627.10 Td (inuum Group revenues in the table above are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.49 627.10 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.70 627.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.69 627.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 615.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 596.7669921875 m 105.2587890625 596.7669921875 l s q 0 0 0 rg BT 50.00 598.10 Td (Other Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (The following table shows the other income recognized with related parties during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.37 577.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 577.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 577.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 577.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 565.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 565.10 Td (, respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.60 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 518.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 518.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 518.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 539.6 m 414.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 539.6 m 418.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 539.6 m 488.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 539.6 m 492.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 518.6 m 339.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 518.6 m 414.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 539.6 m 488.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 518.6 m 488.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 518.6 m 562.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 518.6 m 562.5 518.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 543.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 543.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 522.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 522.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 522.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 522.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.17 Td (Royalties, related party - Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 508.27 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 508.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 508.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (The above ) Tj ET Q q 0 0 0 rg BT 94.24 483.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.00 483.10 Td (inuum Group royalties are included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.46 483.10 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.48 483.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.47 483.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 471.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 452.7669921875 m 108.0419921875 452.7669921875 l s q 0 0 0 rg BT 50.00 454.10 Td (Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (The following table summarizes the Company's notes payable \(net of debt discount and issuance costs\) classified according to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (payment terms, all of which are with related parties:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 388.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 388.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 388.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 388.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 359.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 359.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 359.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 330.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 330.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 330.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 330.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 300.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 300.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 300.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 300.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 300.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 300.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 260.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 260.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 260.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 230.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 230.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 230.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.60 270.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 200.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 200.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 200.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 200.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 401.6 m 488.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 401.6 m 492.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 401.6 m 562.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 388.6 m 320.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 388.6 m 324.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 388.6 m 414.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 401.6 m 488.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 388.6 m 488.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 401.6 m 562.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 388.6 m 562.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 359.6 m 488.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 344.6 m 488.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.6 m 562.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 344.6 m 562.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 300.6 m 488.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 285.6 m 488.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 300.6 m 562.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 285.6 m 562.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 260.6 m 488.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 285.6 m 562.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 215.60000000000002 m 488.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 215.60000000000002 m 562.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 200.60000000000002 m 488.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 186.60000000000002 m 488.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 184.60000000000002 m 488.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 200.60000000000002 m 562.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 186.60000000000002 m 562.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 184.60000000000002 m 562.5 184.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 405.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 392.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 392.83 Td (Related Party) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 392.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 392.83 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 379.28 Td (Short-term note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 364.27 Td (Credit Agreement, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 364.27 Td (Franklin Mutual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 364.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 364.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 349.27 Td (Total Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 349.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 349.27 Td (12,676) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 335.28 Td (Current portion of long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.27 Td (RCM6 note payable, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 320.27 Td (Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 320.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 320.27 Td (1,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.27 Td (DSI Business Owner note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 305.27 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 305.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 305.27 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 290.27 Td (Total Current portion of long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 290.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 290.27 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 275.27 Td (Total Short-term and current portion of long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 265.27 Td (borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 265.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 265.27 Td (14,513) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 250.28 Td (Long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.27 Td (RCM6 note payable, net of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 235.27 Td (Tinuum Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 235.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 235.27 Td (13,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 220.27 Td (DSI Business Owner note payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 220.27 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 220.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 220.27 Td (489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 205.27 Td (Total Long-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 205.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 205.27 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 190.27 Td (Total Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 190.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 190.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 190.27 Td (28,025) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.19 169.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 77.50 169.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 92.13 169.10 Td (eement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (On October 22, 2015, the Company entered into a credit agreement for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.95 152.10 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.85 152.10 Td ( short-term loan with Franklin Mutual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (Quest Fund and MFP) Tj ET Q q 0 0 0 rg BT 135.47 140.10 Td ( Investors LLC \(the "Lenders"\), and ) Tj ET Q q 0 0 0 rg BT 282.03 140.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.06 140.10 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 332.28 140.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.03 140.10 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 394.41 140.10 Td (Association, as the administrative agent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (and collateral agent \("Administrative ) Tj ET Q q 0 0 0 rg BT 200.14 128.10 Td (Agent"\) \(the Credit ) Tj ET Q q 0 0 0 rg BT 283.92 128.10 Td (Agreement\), which was subsequently amended in 2016 as discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 116.10 Td (. Under the original terms and conditions, the Credit ) Tj ET Q q 0 0 0 rg BT 284.58 116.10 Td (Agreement matured on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.72 116.10 Td (April22, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.32 116.10 Td (, subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.37 116.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.35 116.10 Td ( month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (extension at the Company's option to the extent certain conditions are met. ) Tj ET Q q 0 0 0 rg BT 350.71 104.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 395.70 104.10 Td (Agreement bore interest at an annual rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 92.10 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 92.10 Td ( and was subject to various prepayment and other premiums if certain events, including a change in control, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (occur) Tj ET Q q 0 0 0 rg BT 71.66 80.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.47 80.10 Td (The Company received net proceeds of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.85 80.10 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.75 80.10 Td (and recorded debt discount and debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.13 80.10 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.02 80.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (The debt discounts and debt issuance costs were amortized to interest expense using the ef) Tj ET Q q 0 0 0 rg BT 411.38 68.10 Td (fective interest method over the life ) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of theCredit ) Tj ET Q q 0 0 0 rg BT 102.49 742.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 151.73 742.10 Td (The net proceeds were being used to fund working capital needs and for general operating purposes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the Company and its subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (All obligations of the Company under the Credit ) Tj ET Q q 0 0 0 rg BT 246.08 713.10 Td (Agreement were unconditionally guaranteed by each of the Company) Tj ET Q q 0 0 0 rg BT 527.09 713.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (wholly-owned domestic subsidiaries \(other than ) Tj ET Q q 0 0 0 rg BT 244.13 701.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 265.24 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.19 701.10 Td (Analytics, LLC\) and were secured by perfected security interests in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (substantially all of the assets of the Company and the guarantors, subject to certain agreed upon exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (The Lenders were beneficial owners of Common Stock in the Company) Tj ET Q q 0 0 0 rg BT 337.05 672.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.87 672.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 386.86 672.10 Td (Agreement was approved by the Board and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 660.10 Td (Audit Committee as a related party transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (In connection with the Credit ) Tj ET Q q 0 0 0 rg BT 169.14 643.10 Td (Agreement, and the Company's pledge and assignment to the Collateral ) Tj ET Q q 0 0 0 rg BT 457.26 643.10 Td (Agent for all of ) Tj ET Q q 0 0 0 rg BT 521.13 643.10 Td (ADA's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (equity interests in ) Tj ET Q q 0 0 0 rg BT 123.42 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 129.17 631.10 Td (inuum Services, the Lenders required that NexGen consent to a pledge. ) Tj ET Q q 0 0 0 rg BT 416.40 631.10 Td (The Company entered into an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 93.05 619.10 Td (Agreement with NexGen whereby ) Tj ET Q q 0 0 0 rg BT 232.45 619.10 Td (ADES and ) Tj ET Q q 0 0 0 rg BT 277.45 619.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 298.56 619.10 Td ( agreed to indemnify NexGen from and against any and all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (losses, claims, damages, liabilities, costs, fees or expenses, which may arise in connection with the Company pledging its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 595.10 Td (inuum Services equity interests. ) Tj ET Q q 0 0 0 rg BT 185.83 595.10 Td (The Indemnity ) Tj ET Q q 0 0 0 rg BT 246.93 595.10 Td (Agreement was approved by the Board and the ) Tj ET Q q 0 0 0 rg BT 436.87 595.10 Td (Audit Committee as a related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (party transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (On February 8, 2016, the Company entered into the first amendment to the Credit ) Tj ET Q q 0 0 0 rg BT 378.82 566.10 Td (Agreement \("First ) Tj ET Q q 0 0 0 rg BT 453.44 566.10 Td (Amendment"\) that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (extended the SEC filings date to March 30, 2016. On March 30, 2016, the Company entered into the second amendment to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.94 542.10 Td (Agreement \("Second ) Tj ET Q q 0 0 0 rg BT 162.67 542.10 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 224.33 542.10 Td (The Second ) Tj ET Q q 0 0 0 rg BT 273.76 542.10 Td (Amendment extended the maturity date to July 8, 2016, extended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (Company's filing date deadline related to its 2015 SEC filings to ) Tj ET Q q 0 0 0 rg BT 309.82 530.10 Td (April 20, 2016, increased the stated interest rate from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.59 530.10 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.42 530.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (15.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 518.10 Td ( and increased the minimum cash balance requirement from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.68 518.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.57 518.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.35 518.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.24 518.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.06 518.10 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 506.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 506.10 Td ( in fees related to the Second ) Tj ET Q q 0 0 0 rg BT 276.61 506.10 Td (Amendment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td (On June30, 2016, the Company) Tj ET Q q 0 0 0 rg BT 178.51 489.10 Td (, the required Lenders under the Credit ) Tj ET Q q 0 0 0 rg BT 335.67 489.10 Td (Agreement and the ) Tj ET Q q 0 0 0 rg BT 413.70 489.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 475.64 489.10 Td (Agent agreed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (terminate the Credit ) Tj ET Q q 0 0 0 rg BT 131.92 477.10 Td (Agreement \(the "Payof) Tj ET Q q 0 0 0 rg BT 224.12 477.10 Td (f Letter"\) prior to the maturity date of July 8, 2016, ef) Tj ET Q q 0 0 0 rg BT 438.79 477.10 Td (fective upon the Company) Tj ET Q q 0 0 0 rg BT 547.38 477.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 465.10 Td ( prepayment, which amount included the total unpaid principal balance of the loans and advances made to or for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (the benefit of the Company) Tj ET Q q 0 0 0 rg BT 158.76 453.10 Td (, together with all accrued but unpaid interest, and the total amount of all fees, costs, expenses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (other amounts owed by the Company thereunder) Tj ET Q q 0 0 0 rg BT 244.55 441.10 Td (, including a prepayment premium. ) Tj ET Q q 0 0 0 rg BT 387.39 441.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.43 441.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.33 441.10 Td ( prepayment amount was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (paid on June30, 2016 \(the "Payof) Tj ET Q q 0 0 0 rg BT 185.83 429.10 Td (f Date"\). ) Tj ET Q q 0 0 0 rg BT 222.76 429.10 Td (The Payof) Tj ET Q q 0 0 0 rg BT 263.96 429.10 Td (f Letter included a waiver by the Lenders for a portion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.70 429.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.03 429.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (prepayment premium required by the terms of the Credit ) Tj ET Q q 0 0 0 rg BT 278.54 417.10 Td (Agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 400.10 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 93.25 400.10 Td (oup - RCM6 Note Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (The Company acquired membership interests in RCM6 from ) Tj ET Q q 0 0 0 rg BT 295.88 383.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.64 383.10 Td (inuum Group in February 2014 through an up-front payment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (a note payable \(the "RCM6 Note Payable"\). Due to the payment terms of the note purchase agreement, the RCM6 Note Payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (periodically added interest to the outstanding principal balance. ) Tj ET Q q 0 0 0 rg BT 306.12 359.10 Td (The stated rate associated with the note was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.84 359.10 Td (1.65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.67 359.10 Td ( and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 347.10 Td (fective rate of the note at inception was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.52 347.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.85 347.10 Td (. Due to the dif) Tj ET Q q 0 0 0 rg BT 295.93 347.10 Td (ference between the stated rate and the ef) Tj ET Q q 0 0 0 rg BT 460.93 347.10 Td (fective rate, the note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (payable was carried at a discount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.77 335.10 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.66 335.10 Td ( as of December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 351.86 335.10 Td (As described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.56 335.10 Td (Note 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 335.10 Td (, on March 3, 2016, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (Company sold its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 323.10 Td (24.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.33 323.10 Td ( membership interest in RCM6 and, as a result, the Company had no future obligations related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (previously recorded RCM6 Note Payable. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (DSI Business Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (As of December 31, 2014, the Company terminated the consulting portion of the agreements with the DSI Business Owner) Tj ET Q q 0 0 0 rg BT 541.57 277.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 265.10 Td (, according to the terms of the remaining agreements, the Company was required to make all remaining payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (structured as a note payable through the third quarter of 2017. In February 2016, the Company entered into an agreement with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (the DSI Business Owner and settled the remaining amounts owed as of the date of the agreement of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.26 241.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 241.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.16 229.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.05 229.10 Td (, which was paid during the first quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 313.66 229.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 342.63 229.10 Td (ference between the remaining amounts owed and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (settlement amount has been included within the Gain on settlement of note payable and licensed technology line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Consolidated Statements of Operations for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.82 205.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.41 205.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 186.76699218750002 m 211.357421875 186.76699218750002 l s q 0 0 0 rg BT 50.00 188.10 Td (Highview Long-term License ) Tj ET Q q 0 0 0 rg BT 168.41 188.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 183.04 188.10 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (During 2014, the Company entered into an exclusive, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.62 171.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.83 171.10 Td (-year agreement \("License ) Tj ET Q q 0 0 0 rg BT 386.46 171.10 Td (Agreement"\) with Highview to utilize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (certain licensed technology) Tj ET Q q 0 0 0 rg BT 158.75 159.10 Td (. Pursuant to the License ) Tj ET Q q 0 0 0 rg BT 261.79 159.10 Td (Agreement, the Company recorded a long-term licensed technology asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (and related obligation. ) Tj ET Q q 0 0 0 rg BT 144.14 147.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.58 147.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 147.10 Td (, the Company's obligation under the long-term licensing agreement was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 135.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 135.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (On June 15, 2016, the Company entered into an agreement with Highview to terminate the License ) Tj ET Q q 0 0 0 rg BT 448.23 118.10 Td (Agreement in exchange for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (a one-time payment by the Company of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 106.10 Td (0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 106.10 Td ( \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.33 106.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.22 106.10 Td (\). Per the agreement, payment of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (termination fee, if any) Tj ET Q q 0 0 0 rg BT 138.20 94.10 Td (, will only be settled by relinquishing shares of Highview currently owned by the Company equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.90 94.10 Td (0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.34 82.10 Td (As a result of terminating the License ) Tj ET Q q 0 0 0 rg BT 235.80 82.10 Td (Agreement, the Company wrote of) Tj ET Q q 0 0 0 rg BT 374.74 82.10 Td (f the licensed technology asset, reduced the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (corresponding long-term liability to the amount of the one-time payment, and recognized a gain of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.81 70.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.70 70.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (The gain on the settlement of the Highview license technology obligation is included in the Other income line on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Company's Consolidated Statement of Operations for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.01 46.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.60 46.10 Td (.) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (89) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 91.103515625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Clearview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 725.10 Td (Note 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 725.10 Td (, on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.16 725.10 Td (November20, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.87 725.10 Td (, the Company entered into an agreement with InSyst Ltd. and ClearV) Tj ET Q q 0 0 0 rg BT 518.47 725.10 Td (iew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Monitoring Solutions Ltd., both Israel-based companies specializing in data analytics, to allow the Company the exclusive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (option to purchase certain assets of ClearV) Tj ET Q q 0 0 0 rg BT 221.01 701.10 Td (iew) Tj ET Q q 0 0 0 rg BT 234.80 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.62 701.10 Td (The Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.77 701.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 701.10 Td ( related to this option. ) Tj ET Q q 0 0 0 rg BT 457.09 701.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 507.00 701.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (November 20, 2014 through the date of the acquisition, the Company paid certain operating costs of Clearview) Tj ET Q q 0 0 0 rg BT 493.68 689.10 Td (. During the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (ended December 31, 2014, the Company recorded expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.97 677.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.86 677.10 Td ( related to these payments within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.99 677.10 Td (General and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.21 665.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.20 665.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.56 665.10 Td (. During 2015, prior to the acquisition, the Company recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 653.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 653.10 Td ( related to these payments within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.45 653.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.74 653.10 Td ( line in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.73 653.10 Td (Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 641.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 622.7669921875 m 124.0625 622.7669921875 l s q 0 0 0 rg BT 50.00 624.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 59.63 624.10 Td (ch Coal License) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (In June 2010, the Company entered into a Development and License ) Tj ET Q q 0 0 0 rg BT 326.04 607.10 Td (Agreement and executed a Securities Subscription and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 96.38 595.10 Td (Agreement with ) Tj ET Q q 0 0 0 rg BT 163.03 595.10 Td (Arch Coal, Inc. \("Arch"\), a related party as discussed below) Tj ET Q q 0 0 0 rg BT 402.13 595.10 Td (, pursuant to which the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (licensed, on an exclusive, non-transferable basis, the use of certain of its technology to enhance coal by a proprietary treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 84.81 571.10 Td (The Company received a non-refundable license fee payment from ) Tj ET Q q 0 0 0 rg BT 354.42 571.10 Td (Arch in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.23 571.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.12 571.10 Td ( and incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (non-reimbursable costs associated with this agreement in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.81 559.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.71 559.10 Td (. However) Tj ET Q q 0 0 0 rg BT 428.96 559.10 Td (, as the agreement does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (specify an end date related to the completion of the agreement, the Company has recorded the non-reimbursable costs in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (Deposits line item within Other Long-term assets and the non-refundable license fee payment in the Deferred revenue line item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (in Other long-term liabilities, as shown in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.42 523.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 245.99 523.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.99 523.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 504.7669921875 m 155.0830078125 504.7669921875 l s q 0 0 0 rg BT 50.00 506.10 Td (Boar) Tj ET Q q 0 0 0 rg BT 69.63 506.10 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 100.93 506.10 Td (ector Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (An ) Tj ET Q q 0 0 0 rg BT 64.17 485.10 Td (Arch designee holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 485.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.75 485.10 Td ( seat on the Board. ) Tj ET Q q 0 0 0 rg BT 239.78 485.10 Td (The appointment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.14 485.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.58 485.10 Td ( designee to the Board was made pursuant to a 2003 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (Subscription and Investment ) Tj ET Q q 0 0 0 rg BT 166.38 473.10 Td (Agreement, as amended to reflect the ef) Tj ET Q q 0 0 0 rg BT 325.84 473.10 Td (fect of the Company's two-for) Tj ET Q q 0 0 0 rg BT 445.74 473.10 Td (-one stock split in March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (2014, whereby the Company) Tj ET Q q 0 0 0 rg BT 168.31 461.10 Td (s management agreed to make available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.46 461.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.90 461.10 Td ( seat on the Board for an ) Tj ET Q q 0 0 0 rg BT 445.15 461.10 Td (Arch designee and to vote ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (all shares and proxies they are entitled to vote in favor of such designee for so long as ) Tj ET Q q 0 0 0 rg BT 394.90 449.10 Td (Arch continues to hold at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.32 449.10 Td (200,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.82 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (shares of our common stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (From May 2014 through September 2014, a member of the Board entered into a consulting agreement with the Company to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (assist in the Restatement process and received compensation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.76 404.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 404.10 Td ( during this period related to the services provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (In addition, as required by the Company's related-party transaction policy) Tj ET Q q 0 0 0 rg BT 343.84 392.10 Td (, the above noted agreement was approved by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 380.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.50 380.10 Td (Audit Committee before being recommended to the Board for approval and was then approved by the disinterested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (members of the Board. In addition, this individual subsequently served as the Company's Chief Financial Of) Tj ET Q q 0 0 0 rg BT 483.49 368.10 Td (ficer from June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (2015 through June 2016.) 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rg BT 74.78 285.10 Td (alue of Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (deposits and accrued expenses, approximate fair value due to the short maturity of these instruments. ) Tj ET Q q 0 0 0 rg BT 455.22 249.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 504.55 249.10 Td (, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.10 Td (instruments are not presented in the table below) Tj ET Q q 0 0 0 rg BT 240.18 237.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.00 237.10 Td (The following table provides the estimated fair values of the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.10 Td (financial instruments: ) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q 0.8 0.9333333333333333 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343.50 677.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 677.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 677.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 647.50 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 647.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 647.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 647.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 647.50 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BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.95 724.73 Td (As of December 31, 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 711.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.65 711.73 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.15 711.73 Td (Fair) Tj ET Q q 0 0 0 rg BT 374.67 711.73 Td ( ) Tj ET Q q 0 0 0 rg BT 376.52 711.73 Td (V) Tj ET Q q 0 0 0 rg BT 381.56 711.73 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.65 711.73 Td (Carrying Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 711.73 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 697.17 Td (Financial Instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 682.17 Td (Investment securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 667.17 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 667.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 667.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 667.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 667.17 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 652.17 Td (Cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 652.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 652.17 Td (1,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 652.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 652.17 Td (1,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 652.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 652.17 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 652.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 652.17 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 637.17 Td (Borrowings and Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 622.17 Td (Short-term borrowings, net of discount and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 612.17 Td (deferred loan costs, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 612.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 612.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 612.17 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 612.17 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 597.17 Td (Current portion of notes payable, related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 587.17 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 587.17 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 587.17 Td (1,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 572.17 Td (Long-term portion of notes payable, related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 562.17 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 562.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 562.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 562.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 562.17 Td (13,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 562.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 562.17 Td (13,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 547.17 Td (Highview technology license payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 547.17 Td (207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 547.17 Td (207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 547.17 Td (519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 547.17 Td (519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 532.17 Td (Highview technology license payable, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 532.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 532.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 532.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 532.17 Td (1,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 532.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 532.17 Td (1,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 517.17 Td (Stock appreciation rights, liability-classified) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 507.17 Td (equity award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 507.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 507.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 507.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 507.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 507.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 507.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 507.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 507.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 480.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.08 480.20 Td (The fair value related to the DSI business owner note payable amounts as of December 31, 2015 was determined using the settlement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 468.20 Td (agreement amount of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.22 468.20 Td ($0.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.22 468.20 Td (, as described in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.45 468.20 Td (Note 9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.70 468.20 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.95 468.20 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 442.8669921875 m 160.505859375 442.8669921875 l s q 0 0 0 rg BT 49.50 444.20 Td (Concentration of cr) Tj ET Q q 0 0 0 rg BT 128.01 444.20 Td (edit risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.20 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.21 432.20 Td (s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.20 Td (equivalents and restricted cash. ) Tj ET Q q 0 0 0 rg BT 176.77 420.20 Td (The Company holds such financial instruments at two financial institutions as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.20 Td (2016. If those institutions were to be unable to perform their obligations, the Company would be at risk regarding the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.20 Td (investment in excess of the federal deposit insurance corporation limits \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.97 396.20 Td ($250 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.58 396.20 Td (\) that would be returned to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.20 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 384.20 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 353.8669921875 m 319.6708984375 353.8669921875 l s q 0 0 0 rg BT 49.50 355.20 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 167.74 355.20 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 215.24 355.20 Td (alue on a Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td (The estimated fair values of investment securities are described below) Tj ET Q q 0 0 0 rg BT 329.58 338.20 Td (. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.56 338.20 Td (Note 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 338.20 Td ( for additional information regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.20 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 326.20 Td (s investment securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.20 Td (Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.20 Td (transaction between market participants as of the measurement date. ) Tj ET Q q 0 0 0 rg BT 324.76 297.20 Td (The Company uses the hierarchy prescribed in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.20 Td (accounting guidance for fair value measurements, based upon the available inputs to the valuation and the degree to which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.20 Td (are observable or not observable in the market. ) Tj ET Q q 0 0 0 rg BT 239.52 273.20 Td (The three levels in the hierarchy are as follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.20 Td (Level 1 Inputs - Quoted prices \(unadjusted\) for identical assets or liabilities in active markets that are accessible as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.20 Td (measurement date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 227.20 Td (Level 2 Inputs - Inputs other than quoted prices within Level 1 that are observable either directly or indirectly) Tj ET Q q 0 0 0 rg BT 505.60 227.20 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.20 Td (but not limited to, quoted prices in markets that are not active, quoted prices in active markets for similar assets or liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.20 Td (and observable inputs other than quoted prices such as interest rates or yield curves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.20 Td (Level 3 Inputs - Unobservable inputs reflecting the Company) Tj ET Q q 0 0 0 rg BT 315.77 186.20 Td (s own assumptions about the assumptions that market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.20 Td (participants would use in pricing the asset or liability) Tj ET Q q 0 0 0 rg BT 261.03 174.20 Td (, including assumptions about risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.20 Td (Financial instruments carried and measured at fair value on a recurring basis are presented in the table below according to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.20 Td (fair value hierarchy described above. ) Tj ET Q q 0 0 0 rg BT 199.80 145.20 Td (There were no financial instruments carried and measured at fair value on a recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.20 Td (basis as of December 31, 2016.) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 701.50 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 701.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 701.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 701.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 701.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 701.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 701.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 701.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 701.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 673.50 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 673.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 673.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 673.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 673.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 673.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 673.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 673.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 673.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 645.50 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 645.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 645.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 645.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 645.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 645.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 645.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 645.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 645.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 606.50 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 606.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 606.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 606.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 606.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 606.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 606.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 606.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 606.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 735.5 m 339.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 735.5 m 343.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 735.5 m 413.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 735.5 m 417.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 735.5 m 487.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 735.5 m 491.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 735.5 m 561.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 722.5 m 339.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 722.5 m 343.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 722.5 m 417.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 722.5 m 491.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 701.5 m 265.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 701.5 m 339.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 701.5 m 413.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 701.5 m 487.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 701.5 m 561.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 701.5 m 265.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 673.5 m 339.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 660.5 m 339.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 658.5 m 339.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 673.5 m 413.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 660.5 m 413.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 658.5 m 413.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 673.5 m 487.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 660.5 m 487.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 658.5 m 487.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 673.5 m 561.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 660.5 m 561.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 658.5 m 561.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 606.5 m 339.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 592.5 m 339.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 590.5 m 339.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 606.5 m 413.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 592.5 m 413.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 590.5 m 413.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 606.5 m 487.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 592.5 m 487.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 590.5 m 487.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 606.5 m 561.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 592.5 m 561.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 590.5 m 561.5 590.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.95 739.73 Td (As of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 726.73 Td (Fair Value Measurement Using) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 705.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 705.73 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.65 705.73 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.65 705.73 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 705.73 Td (Fair) Tj ET Q q 0 0 0 rg BT 522.67 705.73 Td ( ) Tj ET Q q 0 0 0 rg BT 524.52 705.73 Td (V) Tj ET Q q 0 0 0 rg BT 529.56 705.73 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 692.07 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 678.07 Td (Investment securities, restricted, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 678.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 678.07 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 678.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 678.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 678.07 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 664.07 Td (Total assets at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 664.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 664.07 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 664.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 664.07 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 636.07 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 621.17 Td (Stock appreciation rights, liability-classified) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 611.17 Td (equity award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 611.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 611.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 611.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 611.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 611.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 611.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 611.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 611.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 596.17 Td (Total liabilities at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 596.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 596.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 596.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 596.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 596.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 596.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 596.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 596.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.00 Td (The estimated fair value of certificates of deposit investments securities were estimated to be equal to the deposit value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.00 Td (investment due to the market interest rates and relative short term nature of the instrument. ) Tj ET Q q 0 0 0 rg BT 414.76 556.00 Td (The Company's experience with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.00 Td (these types of investments and the expectations of the current investments held is that they will be satisfied at the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.00 Td (carrying amount. ) Tj ET Q q 0 0 0 rg BT 120.13 532.00 Td (These securities were classified as Level 2. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 506.6669921875 m 339.6708984375 506.6669921875 l s q 0 0 0 rg BT 49.50 508.00 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 167.74 508.00 Td (ed at Fair V) Tj ET Q q 0 0 0 rg BT 215.24 508.00 Td (alue on a Non-Recurring Basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.00 Td (During December 2014 and March 2015, the Company loaned a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.25 484.00 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.14 484.00 Td ( to an independent technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.00 Td (development company exploring ener) Tj ET Q q 0 0 0 rg BT 200.66 472.00 Td (gy storage to provide financing to pursue emissions technology projects, bearing annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.00 Td (interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.26 460.00 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.59 460.00 Td (. Interest and principal were payable at maturity in March 2018. Subsequent to the second loan disbursement, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.00 Td (Company became aware that the independent technology development company exploring ener) Tj ET Q q 0 0 0 rg BT 431.96 448.00 Td (gy storage was not awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.00 Td (contracts that would have utilized their emissions technology) Tj ET Q q 0 0 0 rg BT 293.51 436.00 Td (. ) Tj ET Q q 0 0 0 rg BT 298.33 436.00 Td (The Company also became aware that without these contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.00 Td (the ability of the independent third party to repay these loans was doubtful. ) Tj ET Q q 0 0 0 rg BT 351.65 424.00 Td (As a result, the Company has recorded an allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (against the entire principal balance of the notes receivable, reversed accrued interest and put the note on non-accrual status. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.00 Td (During the fourth quarter of 2015, the Company recorded impairments totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.01 395.00 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 395.00 Td ( to reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.00 Td (carrying value of certain property and equipment that the Company intended to sell at its estimated sales value, less estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.00 Td (costs to sell. ) Tj ET Q q 0 0 0 rg BT 100.98 371.00 Td (The property and equipment was subsequently sold at auction. Proceeds from the sale of the impaired assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.00 Td (totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.47 359.00 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.36 359.00 Td (. No gain or loss was recognized on the sale of the property and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.00 Td (Also during the fourth quarter of 2015, the Company sold certain property and equipment having a net book value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 330.00 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 330.00 Td (. Proceeds from the sale totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.92 330.00 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.81 330.00 Td (, which resulted in the recognition of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.00 Td (gain on the sale of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.57 318.00 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.46 318.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.00 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.13 301.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.71 301.00 Td (, the Company recorded impairments totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.09 301.00 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.99 301.00 Td ( to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.00 Td (the carrying value of certain property and equipment that the Company intended to sell at its estimated sales value, less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.00 Td (estimated costs to sell. ) Tj ET Q q 0 0 0 rg BT 141.80 277.00 Td (The property and equipment was subsequently sold at auction. No gain or loss was recognized on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.00 Td (sale of the property and equipment. ) Tj ET Q q 0 0 0 rg BT 193.07 265.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 242.97 265.00 Td (, the Company recorded an impairment of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.18 265.00 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.07 265.00 Td ( included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.00 Td (within Equipment sales cost of revenue for the year ended December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.00 Td (As discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.22 236.00 Td (Note 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.16 236.00 Td (, during the fourth quarter of 2016, the Company recorded an impairment char) Tj ET Q q 0 0 0 rg BT 454.21 236.00 Td (ge of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.24 236.00 Td ($1.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 224.00 Td ( to reduce the carrying value of its cost method investment to its estimated fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.00 Td (The fair value measurements represent Level 3 measurements as they are based on significant inputs not observable in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.00 Td (market.) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (92) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 81.9384765625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 742.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 81.9384765625 740.68505859375 m 246.396484375 740.68505859375 l s q 0 0 0 rg BT 81.94 742.25 Td ( - Supplemental Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 716.9169921875 m 214.130859375 716.9169921875 l s q 0 0 0 rg BT 50.00 718.25 Td (Supplemental Balance Sheet Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The following table summarizes the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 706.25 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.96 706.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 706.25 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.00 706.25 Td ( as presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 694.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 642.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 642.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 642.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 612.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 612.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 612.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 582.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 582.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 582.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 552.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 552.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 552.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 522.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 522.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 522.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 670.75 m 487.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 670.75 m 491.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 670.75 m 561.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 657.75 m 413.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 670.75 m 487.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 657.75 m 487.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 670.75 m 561.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 657.75 m 561.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 597.75 m 487.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 583.75 m 487.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 581.75 m 487.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 597.75 m 561.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 583.75 m 561.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 581.75 m 561.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 522.75 m 487.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 508.75 m 487.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 506.75 m 487.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 522.75 m 561.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 508.75 m 561.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 506.75 m 561.5 506.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 675.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 674.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 662.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 661.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 648.32 Td (Other current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 633.32 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 632.42 Td (1,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 632.42 Td (2,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 618.32 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 617.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 617.42 Td (189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 603.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 602.42 Td (172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 587.42 Td (1,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 587.42 Td (2,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 573.32 Td (Other long-term assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 558.32 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 557.42 Td (263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 557.42 Td (414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 543.32 Td (Intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 542.42 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 542.42 Td (1,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 528.32 Td (Other long-term assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 527.42 Td (323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 527.42 Td (341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 512.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 512.42 Td (1,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 512.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 512.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (The following table details the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 484.25 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.64 484.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.08 484.25 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 484.25 Td ( as presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 472.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 431.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 431.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 431.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 431.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 431.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 401.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 401.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 401.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 371.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 371.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 371.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 341.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 311.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 311.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 281.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 281.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 251.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 251.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 221.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 221.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 191.75 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 191.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 191.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 446.75 m 487.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 446.75 m 491.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 446.75 m 561.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 431.75 m 413.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 431.75 m 417.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 446.75 m 487.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 431.75 m 487.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 446.75 m 561.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 431.75 m 561.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 281.75 m 487.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 267.75 m 487.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 265.75 m 487.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 281.75 m 561.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 267.75 m 561.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 265.75 m 561.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 191.75 m 487.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 177.75 m 487.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 175.75 m 487.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 191.75 m 561.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 177.75 m 561.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 175.75 m 561.5 175.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 451.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 450.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 436.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 435.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 435.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.32 Td (Other current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 407.32 Td (Accrued consultant incentives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 406.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 406.42 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 392.32 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 391.42 Td (618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 391.42 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 377.32 Td (Accrued losses on equipment contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 376.42 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 376.42 Td (759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 362.32 Td (Taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 361.42 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 361.42 Td (521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 347.32 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 346.42 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 346.42 Td (682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 332.32 Td (Warranty liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 331.42 Td (287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 331.42 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 317.32 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 316.42 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 316.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 302.32 Td (Asset retirement obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 301.42 Td (1,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 301.42 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 287.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 286.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 286.42 Td (1,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 271.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 271.42 Td (4,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 271.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 271.42 Td (7,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 257.32 Td (Other long-term liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 242.32 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 241.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 241.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 241.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 241.42 Td (767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 227.32 Td (Advance deposit, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 226.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 226.42 Td (2,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 212.32 Td (Deferred revenue, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 211.42 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 211.42 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 197.32 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 196.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 196.42 Td (2,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 181.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 181.42 Td (2,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 181.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 181.42 Td (8,352) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The tables below detail components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.18 742.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.48 742.10 Td ( as presented above:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (The changes in the carrying amount of the Company) Tj ET Q q 0 0 0 rg BT 263.27 718.10 Td (s warranty obligations, which do not include amounts for DSI systems, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (revenues are deferred until the end of the warranty period, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 669.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 669.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 639.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 639.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 609.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 609.60 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 682.6 m 478.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 682.6 m 482.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 682.6 m 562.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 669.6 m 394.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 682.6 m 478.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 669.6 m 478.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 682.6 m 482.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 682.6 m 562.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 669.6 m 394.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 669.6 m 478.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 609.6 m 478.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 609.6 m 562.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 609.6 m 478.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 595.6 m 478.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 593.6 m 478.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 609.6 m 562.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 595.6 m 562.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 593.6 m 562.5 593.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 686.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.95 686.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 673.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.00 673.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 673.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.17 Td (Balance, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 659.27 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 659.27 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td (Warranties accrued, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 644.27 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 644.27 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (Warranty claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 629.32 Td (\(899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 629.32 Td (\(292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Change in estimate related to previous warranties accrued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 614.32 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 614.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 614.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.17 Td (Balance, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 599.27 Td (287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 599.27 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (Included within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.54 571.10 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.84 571.10 Td ( is the Company's asset retirement obligation. Changes in the Company's asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (retirement obligations were as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 518.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 518.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 518.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 518.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 488.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 488.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 488.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 533.6 m 487.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 533.6 m 491.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 533.6 m 561.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 518.6 m 413.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 533.6 m 487.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 518.6 m 487.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 533.6 m 491.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 533.6 m 561.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 518.6 m 561.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 518.6 m 487.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 518.6 m 561.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 488.6 m 487.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 474.6 m 487.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 472.6 m 487.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 488.6 m 561.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 474.6 m 561.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 472.6 m 561.5 472.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 537.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 522.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 522.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 522.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 509.17 Td (Asset retirement obligation, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 508.27 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 508.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 508.27 Td (1,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 494.17 Td (Accretion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 493.27 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 493.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 479.17 Td (Asset retirement obligations, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 478.27 Td (1,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 478.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 478.27 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 448.7669921875 m 314.150390625 448.7669921875 l s q 0 0 0 rg BT 50.00 450.10 Td (Supplemental Consolidated Statements of Operations Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (The following table details the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 438.10 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 438.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.53 438.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.89 438.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 397.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 367.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 337.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 337.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 337.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 337.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 412.6 m 413.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 412.6 m 417.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 412.6 m 487.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 412.6 m 491.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 412.6 m 561.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 412.6 m 413.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 397.6 m 413.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 412.6 m 487.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 397.6 m 487.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 412.6 m 561.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 397.6 m 561.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 397.6 m 339.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 397.6 m 413.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 337.6 m 413.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 323.6 m 413.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 321.6 m 413.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 337.6 m 487.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 323.6 m 487.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 321.6 m 487.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 337.6 m 561.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 323.6 m 561.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 321.6 m 561.5 321.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 416.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 401.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 401.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 401.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 401.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 387.27 Td (453A interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 387.27 Td (2,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 387.27 Td (4,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 387.27 Td (3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 372.27 Td (Interest on RCM6 note payable, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 372.27 Td (263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 372.27 Td (2,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 372.27 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.27 Td (Credit agreement interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 357.27 Td (1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 357.27 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 357.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 342.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 342.27 Td (429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 342.27 Td (115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 342.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 327.27 Td (5,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 327.27 Td (8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 327.27 Td (5,725) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (The following table details the components of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.34 299.10 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.11 299.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.61 299.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.97 299.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 262.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 262.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 262.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 262.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 232.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 232.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 232.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 232.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 202.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 202.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 202.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 202.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 202.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 202.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 202.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 275.6 m 413.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 275.6 m 417.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 275.6 m 487.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 275.6 m 491.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 275.6 m 561.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 262.6 m 339.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 275.6 m 413.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 262.6 m 413.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 275.6 m 487.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 262.6 m 487.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 275.6 m 561.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 262.6 m 561.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 262.6 m 339.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 262.6 m 413.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 187.60000000000002 m 413.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 173.60000000000002 m 413.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 171.60000000000002 m 413.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 187.60000000000002 m 487.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 173.60000000000002 m 487.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 171.60000000000002 m 487.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 187.60000000000002 m 561.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 173.60000000000002 m 561.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 171.60000000000002 m 561.5 171.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.05 279.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 266.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 266.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 266.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 266.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 252.27 Td (Gain on sale of equity method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 252.27 Td (2,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 252.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 252.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 237.27 Td (Gain on settlement of note payable and licensed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 237.27 Td (1,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 237.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 237.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 222.27 Td (Impairment of cost method investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 222.32 Td (\(1,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 222.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 222.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 207.27 Td (Gain on termination of sales-type lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 207.27 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 207.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 207.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 192.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 192.27 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 192.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 192.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 177.27 Td (2,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 177.27 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 177.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 120.53505859375002 m 82.490234375 120.53505859375002 l s q 0 0 0 rg BT 50.00 122.10 Td (Note 12) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 120.53505859375002 m 177.783203125 120.53505859375002 l s q 0 0 0 rg BT 82.49 122.10 Td ( - Stockholders Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (The Company has two classes of capital stock authorized, common stock and preferred stock, which are described as follows: ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 86.76699218750002 m 112.2900390625 86.76699218750002 l s q 0 0 0 rg BT 50.00 88.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 88.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 78.70 88.10 Td (ed Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (The Board is authorized to provide out of the unissued shares of Preferred Stock and to fix the number of shares constituting a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (series of Preferred Stock and, with respect to each series, to fix the number of shares and designation of such series, the voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (powers, if any) Tj ET Q q 0 0 0 rg BT 106.28 47.10 Td (, the preferences and relative, participating, option or other special rights, if any) Tj ET Q q 0 0 0 rg BT 424.40 47.10 Td (, and any qualifications, ) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (limitations or restrictions thereof, of the shares of such series. ) Tj ET Q q 0 0 0 rg BT 298.27 742.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.71 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.74 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.74 742.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 742.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 742.10 Td ( shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Preferred Stock outstanding. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 711.7669921875 m 110.2685546875 711.7669921875 l s q 0 0 0 rg BT 50.00 713.10 Td (Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 105.00 684.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 154.90 684.10 Td (, holders of common stock are entitled to receive dividends when and if declared by the Board, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (subject to any statutory or contractual restrictions on payment of dividends and to any restrictions on the payment of dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (imposed by the terms of any outstanding shares of preferred stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (Upon dissolution, liquidation or the sale of all or substantially all of the Company's assets, after payment in full of any amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any) Tj ET Q q 0 0 0 rg BT 471.98 631.10 Td (, the holders of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (of common stock will be entitled to receive the Company's remaining assets for distribution on a pro rata basis. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 600.7669921875 m 90.546875 600.7669921875 l s q 0 0 0 rg BT 50.00 602.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (The Company is limited in its ability to pay dividends without concurrently increasing its letters of credit related to the Royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 573.10 Td (ward, further discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.11 573.10 Td (Note 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.05 573.10 Td (. Should the Company pay dividends, the payment of such dividends will be dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (upon earnings, financial condition and other factors considered relevant by the Board and will be subject to limitations imposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (under Delaware law) Tj ET Q q 0 0 0 rg BT 129.86 549.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 530.7669921875 m 80.537109375 530.7669921875 l s q 0 0 0 rg BT 50.00 532.10 Td (Activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (On March 14, 2014, the Company completed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.51 515.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.51 515.10 Td (-for) Tj ET Q q 0 0 0 rg BT 270.30 515.10 Td (-one stock split of the Company) Tj ET Q q 0 0 0 rg BT 401.12 515.10 Td (s common stock, which was ef) Tj ET Q q 0 0 0 rg BT 523.69 515.10 Td (fected in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (the form of a common stock dividend. ) Tj ET Q q 0 0 0 rg BT 204.97 503.10 Td (All share amounts have been retroactively adjusted for the split.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.44 503.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 477.53505859375 m 82.490234375 477.53505859375 l s q 0 0 0 rg BT 50.00 479.10 Td (Note 13) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 477.53505859375 m 207.7783203125 477.53505859375 l s q 0 0 0 rg BT 82.49 479.10 Td ( - Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 453.7669921875 m 89.716796875 453.7669921875 l s q 0 0 0 rg BT 50.00 455.10 Td (The Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (The Company currently has several stock and option plans, including the 2005 Directors) Tj ET Q q 0 0 0 rg BT 406.67 431.10 Td ( Compensation Plan \(the 2005 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (Plan\), the ) Tj ET Q q 0 0 0 rg BT 94.71 419.10 Td (Amended and Restated 2007 Equity Incentive Plan, as amended \(the 2007 Plan\), the ) Tj ET Q q 0 0 0 rg BT 443.23 419.10 Td (Amended and Restated 2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (Non-Management Compensation and Incentive Plan, as amended \(the 2010 Plan\) and the Profit Sharing Retirement Plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (which is a plan qualified under Section401\(k\) of the Internal Revenue Code \(the 401\(k\) Plan\) as described below) Tj ET Q q 0 0 0 rg BT 513.09 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.91 395.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (plans allow the Company to issue stock-based awards, including common stock, restricted stock, stock options and other rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (and benefits under the plans to employees, directors and non-employees. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (The 2005 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 347.10 Td ( - During 2005, the Company adopted the 2005 Plan, which authorized the issuance of shares of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (and the grant of options to purchase shares of common stock to non-management directors. Under the 2005 Plan, the award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (stock is limited to not more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.93 323.10 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.43 323.10 Td ( shares per individual per year) Tj ET Q q 0 0 0 rg BT 324.81 323.10 Td (, and the grant of options is limited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.57 323.10 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.07 323.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (individual in total. ) Tj ET Q q 0 0 0 rg BT 125.92 311.10 Td (The aggregate number of shares of common stock reserved for issuance under the 2005 Plan totals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.47 311.10 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.97 311.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (shares \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.82 299.10 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.32 299.10 Td ( in the form of stock awards and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.95 299.10 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 299.10 Td ( in the form of options\). ) Tj ET Q q 0 0 0 rg BT 370.31 299.10 Td (These stock options vest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.13 299.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.12 299.10 Td ( equal annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (installments beginning one year after the grant date. ) Tj ET Q q 0 0 0 rg BT 260.02 287.10 Td (The 2005 Plan terminated during 2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (The 2007 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 263.10 Td ( - During 2007, the Company adopted the 2007 Plan, as amended and restated on July 1, 2013 and amended on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (July 19, 2012 and February 12, 2014, with two additional amendments, approved by the Board on February 13, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (June 5, 2015. ) Tj ET Q q 0 0 0 rg BT 105.65 239.10 Td (The 2007 Plan permits grants to employees, directors and non-employees of shares of common stock, restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (stock, stock options, cash awards and other rights and benefits under the plan. ) Tj ET Q q 0 0 0 rg BT 363.63 227.10 Td (The maximum annual grant limit for a non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (management director on an annual basis is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.45 215.10 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.95 215.10 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 282.26 215.10 Td (The maximum awards available to be granted from the 2007 Plan on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (an annual basis to any other individual is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.08 203.10 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.58 203.10 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 280.89 203.10 Td (The total number of shares authorized for issuance under the 2007 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 191.10 Td (3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.34 191.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (The Compensation Committee of the Board has also approved annual long-term incentive awards for executive of) Tj ET Q q 0 0 0 rg BT 506.07 167.10 Td (ficers under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (the 2007 Plan. ) Tj ET Q q 0 0 0 rg BT 109.81 155.10 Td (The awards vest based on the grantee) Tj ET Q q 0 0 0 rg BT 261.98 155.10 Td (s continuous service with the Company) Tj ET Q q 0 0 0 rg BT 418.80 155.10 Td (, performance measures or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (combination of both. Each PSU represents a contingent right to receive shares of the Company) Tj ET Q q 0 0 0 rg BT 431.85 143.10 Td (s common stock if the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (meets certain performance measures over the requisite period. ) Tj ET Q q 0 0 0 rg BT 300.54 131.10 Td (V) Tj ET Q q 0 0 0 rg BT 306.66 131.10 Td (esting of the PSU's, if at all, occurs no later than January2 after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (the conclusion of the third year of the performance period, subject to the grantee) Tj ET Q q 0 0 0 rg BT 374.32 119.10 Td (s continuous service and the achievement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (certain pre-established performance goals. ) Tj ET Q q 0 0 0 rg BT 221.31 107.10 Td (Amounts vested are measured as of December31st, immediately prior to the end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (the service period, unless the PSU's vest sooner at the tar) Tj ET Q q 0 0 0 rg BT 277.40 95.10 Td (get amount as a result of certain transactions pursuant to Section1) Tj ET Q q 0 0 0 rg BT 542.24 95.10 Td (1 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (the 2007 Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (The number of shares of common stock a participant receives will be increased \(up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.16 59.10 Td (200 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.08 59.10 Td ( of tar) Tj ET Q q 0 0 0 rg BT 465.78 59.10 Td (get levels\) or reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (\(down to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 47.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.54 47.10 Td (\) based on the level of achievement of performance goals. ) Tj ET Q q 0 0 0 rg BT 339.42 47.10 Td (The number of PSU's that may be earned by a ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (participant is determined at the end of the performance period based on the relative placement of the Company) Tj ET Q q 0 0 0 rg BT 495.66 742.10 Td (s total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (stockholder return \(TSR\) for that period with approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 730.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.48 730.10 Td ( of the award based on the relative performance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.88 718.10 Td (TSR performance compared to the respective ) Tj ET Q q 0 0 0 rg BT 281.51 718.10 Td (TSRs of a specified group of peer companies and the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (portion of the award based on the Company) Tj ET Q q 0 0 0 rg BT 228.01 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 234.22 706.10 Td (TSR performance compared to the Russell 3000 Index. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The 2010 Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 682.10 Td ( - During 2010, the Company adopted the 2010 Plan which permits grants of awards to employees, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (be shares, rights to purchase restricted stock, bonuses of restricted stock, or other rights or benefits under the plan. ) Tj ET Q q 0 0 0 rg BT 508.86 670.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Company reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.75 658.10 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.25 658.10 Td ( shares of its common stock for these purposes. ) Tj ET Q q 0 0 0 rg BT 351.70 658.10 Td (The Plan was amended and restated as of July19, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (2012 to make non-material changes to assure Internal Revenue Code Section409A) Tj ET Q q 0 0 0 rg BT 381.85 646.10 Td ( compliance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The 401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.99 622.10 Td ( - In 2009, the Company revised its 401\(k\) Plan to allow the issuance of shares of its common stock to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (employees to satisfy its obligation to match employee contributions under the terms of the plan in lieu of matching ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (contributions in cash. ) Tj ET Q q 0 0 0 rg BT 138.14 598.10 Td (The Company reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 598.10 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.44 598.10 Td ( shares of its common stock for this purpose. ) Tj ET Q q 0 0 0 rg BT 447.90 598.10 Td (The value of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (issued as matching contributions under the plan is determined based on the per share market value of the Company) Tj ET Q q 0 0 0 rg BT 512.65 586.10 Td (s common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (stock generally on quarterly authorization dates. ) Tj ET Q q 0 0 0 rg BT 244.66 574.10 Td (Activity related to the 401\(k\) Plan is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.45 574.10 Td (Note 15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.39 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Collectively) Tj ET Q q 0 0 0 rg BT 98.23 550.10 Td (, these plans are called the Stock Plans.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 524.7669921875 m 83.876953125 524.7669921875 l s q 0 0 0 rg BT 50.00 526.10 Td (Expense) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 500.7669921875 m 114.697265625 500.7669921875 l s q 0 0 0 rg BT 50.00 502.10 Td (Restricted Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.70 502.10 Td ( - Restricted stock is typically granted with vesting terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.04 502.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.02 502.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.35 502.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.90 502.10 Td ( years. ) Tj ET Q q 0 0 0 rg BT 435.82 502.10 Td (The fair value of Restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.73 490.10 Td (A) Tj ET Q q 0 0 0 rg BT 81.03 490.10 Td (wards \("RSA's"\) is determined based on the closing price of the Company) Tj ET Q q 0 0 0 rg BT 380.10 490.10 Td (s common stock on the authorization date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the grant multiplied by the number of shares subject to the stock award. Compensation expense for RSA's is generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (recognized over the entire vesting period on a straight-line basis. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 440.7669921875 m 105.8251953125 440.7669921875 l s q 0 0 0 rg BT 50.00 442.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 442.10 Td ( - Stock options generally vest over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.96 442.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.95 442.10 Td ( years and have a contractual limit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.44 442.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.99 442.10 Td ( years from the date of grant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (exercise. ) Tj ET Q q 0 0 0 rg BT 87.57 430.10 Td (The fair value of stock options granted is determined on the date of grant using the Black-Scholes option pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (model and the related expense is recognized on a straight-line basis over the entire vesting period. ) Tj ET Q q 0 0 0 rg BT 443.85 418.10 Td (The following table indicates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the weighted-average assumptions that were used related to the awards granted for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.34 406.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.93 406.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.93 406.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.93 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 394.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 394.10 Td (, respectively: ) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 342.60 290.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 340.50 342.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 344.50 342.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 342.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 418.50 342.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 488.50 342.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 492.50 342.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 312.60 290.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 340.50 312.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 344.50 312.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 414.50 312.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 418.50 312.60 70.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 488.50 312.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 492.50 312.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 370.6 m 414.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 370.6 m 418.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 370.6 m 488.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 370.6 m 492.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 370.6 m 562.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 357.6 m 414.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 357.6 m 488.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 370.6 m 562.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 357.6 m 562.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 357.6 m 488.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 357.6 m 562.5 357.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 374.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 374.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 361.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 361.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 361.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 361.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.27 Td (Stock options granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 332.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 332.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 332.27 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 317.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 317.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 317.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 302.27 Td (78.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 302.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 302.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 302.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 302.27 Td (80.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 302.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.27 Td (Expected term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 287.27 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 287.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 287.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (The Company uses historical data to estimate inputs used in the Black-Scholes option pricing model. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 230.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 230.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 230.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 230.10 Td (The risk-free interest rate for stock options granted during the period was determined by using a zero-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (coupon U.S. ) Tj ET Q q 0 0 0 rg BT 102.04 218.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.80 218.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 194.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 194.10 Td (As historically no dividends have been paid, no dividend yield was included in the calculations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 170.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 170.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 170.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 170.10 Td (, the historical volatility of the Company's common stock was used. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.47 146.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 115.62 146.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 175.33 146.10 Td (s expected term of options was based upon historical exercise behavior and consideration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (options' vesting and contractual terms.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 108.76699218750002 m 153.8720703125 108.76699218750002 l s q 0 0 0 rg BT 50.00 110.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 73.97 110.10 Td (Appr) Tj ET Q q 0 0 0 rg BT 93.60 110.10 Td (eciation Rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.87 110.10 Td ( - Stock ) Tj ET Q q 0 0 0 rg BT 186.93 110.10 Td (Appreciation Rights \("SAR's"\) generally vest over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 110.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.28 110.10 Td ( years and have a contractual limit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.55 98.10 Td ( years from the date of grant to exercise. ) Tj ET Q q 0 0 0 rg BT 229.18 98.10 Td (The fair value of SAR's granted is determined on the date of grant using the Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (Scholes option pricing model and the related expense is recognized on a straight-line basis over the derived service period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (the respective awards. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.90 74.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.90 74.10 Td (, the Company granted a SAR award, and as settlement of the award was out of the control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (of the Company) Tj ET Q q 0 0 0 rg BT 113.78 62.10 Td (, the awards were classified as liability-based equity awards and were recorded at the estimated fair value at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (grant and remeasured as a liability-based award as of each reporting period. ) Tj ET Q q 0 0 0 rg BT 354.97 50.10 Td (This SAR award was converted to a stock option as ) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of June 30, 2016 as discussed below) Tj ET Q q 0 0 0 rg BT 194.61 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.43 742.10 Td (The following table indicates the weighted-average assumptions that were used related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the awards granted for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.98 730.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.57 730.10 Td (. No SAR's were granted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.76 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.34 730.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 685.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 685.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 655.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 625.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 698.6 m 562.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 685.6 m 562.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 685.6 m 562.5 685.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 702.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.85 710.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 702.83 Td (December 31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 689.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 689.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 675.27 Td (SAR's granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 660.27 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 660.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 645.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 645.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 630.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 630.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.27 Td (Expected term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 615.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (The Company uses historical data to estimate inputs used in the Black-Scholes option pricing model. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 558.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 558.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 558.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 558.10 Td (The risk-free interest rate for SAR's granted during the period was determined by using a zero-coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.10 546.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 546.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 522.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 522.10 Td (As historically no dividends have been paid, no dividend yield was included in the calculations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 498.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 498.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 498.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 498.10 Td (, the historical volatility of the Company's common stock was used. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (Expected term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.47 474.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 115.62 474.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 175.33 474.10 Td (s expected term of SAR's was based upon consideration of the contractual term of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 462.10 Td (s SAR's of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.53 462.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.53 462.10 Td ( years.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 436.7669921875 m 74.3603515625 436.7669921875 l s q 0 0 0 rg BT 50.00 438.10 Td (PSU's) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.36 438.10 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.69 438.10 Td (Compensation expense is recognized for PSU awards on a straight-line basis over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.99 438.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.99 438.10 Td (-year service period based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (estimated fair value at the date of grant using a Monte Carlo simulation model. ) Tj ET Q q 0 0 0 rg BT 367.79 426.10 Td (The following table indicates the weighted-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (average assumptions that were used related to the awards granted for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.64 414.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.23 414.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.66 414.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.66 414.10 Td (. No PSU's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (were granted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.82 402.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.41 402.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 365.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 365.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 365.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 335.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 335.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 335.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 305.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 305.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 305.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 378.6 m 487.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 378.6 m 491.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 378.6 m 561.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 365.6 m 487.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 365.6 m 561.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 365.6 m 487.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 365.6 m 561.5 365.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 382.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.05 382.83 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 369.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 369.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 369.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 355.27 Td (PSUs granted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 340.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 340.27 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 340.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 340.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 340.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 325.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 325.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 325.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 325.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 325.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 310.27 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 310.27 Td (64.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 310.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 310.27 Td (74.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 310.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 295.27 Td (Performance period \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 295.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.50 295.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (The Company uses historical data to estimate inputs used in the Monte Carlo pricing model. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (Risk-fr) Tj ET Q q 0 0 0 rg BT 76.85 243.10 Td (ee inter) Tj ET Q q 0 0 0 rg BT 106.74 243.10 Td (est rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 243.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 144.60 243.10 Td (The risk-free interest rate for PSU's granted during the period was determined by using a zero-coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.10 231.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.86 231.10 Td (reasury rate for the periods that coincided with the expected terms listed above. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 207.10 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 207.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 98.33 207.10 Td (As historically no dividends have been paid, no dividend yield was included in the calculations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.69 183.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 132.84 183.10 Td (T) Tj ET Q q 0 0 0 rg BT 138.25 183.10 Td (o calculate expected volatility) Tj ET Q q 0 0 0 rg BT 257.27 183.10 Td (, the historical volatility of the Company's common stock was used. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (Performance period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.82 159.10 Td ( - ) Tj ET Q q 0 0 0 rg BT 138.96 159.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 198.68 159.10 Td (s performance period is based upon the vesting term of the Company) Tj ET Q q 0 0 0 rg BT 477.22 159.10 Td (s PSU awards.) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The Company recorded the following compensation expense related to the Stock Plans:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 690.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 690.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 690.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 690.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 660.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 660.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 660.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 418.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 645.6 m 414.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 631.6 m 414.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 629.6 m 414.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 645.6 m 488.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 631.6 m 488.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 629.6 m 488.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 645.6 m 562.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 631.6 m 562.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 629.6 m 562.5 629.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 722.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 709.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 709.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.27 Td (RSA expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 695.27 Td (2,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 695.27 Td (2,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 695.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 695.27 Td (2,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 680.27 Td (Stock option expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 680.27 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 680.27 Td (658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 680.27 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.27 Td (SAR expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 665.27 Td (106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 665.27 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 665.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.27 Td (PSU expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 650.27 Td (456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 650.27 Td (2,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 650.27 Td (1,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.27 Td (Total stock-based compensation expense \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 635.27 Td (2,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 635.27 Td (7,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 635.27 Td (4,712) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 615.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.25 615.30 Td (Amounts for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.47 615.30 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.19 615.30 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.69 615.30 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.69 615.30 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.19 615.30 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.19 615.30 Td ( do not reflect an income tax benefit as a result of a valuation allowance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 604.50 Td (on the Company's deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.50 Td (The Company recorded stock-based compensation expense related to awards to Directors in the General and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.50 Td (expense line and all other awards within the Payroll and benefit expense line in the Consolidated Statements of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.50 Td (During ) Tj ET Q q 0 0 0 rg BT 80.61 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 95.12 558.50 Td (years ) Tj ET Q q 0 0 0 rg BT 118.50 558.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.66 558.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 203.03 558.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.03 558.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.81 558.50 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.81 558.50 Td ( ) Tj ET Q q 0 0 0 rg BT 250.10 558.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.82 558.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.82 558.50 Td ( ) Tj ET Q q 0 0 0 rg BT 289.10 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 303.60 558.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.77 558.50 Td (modified ) Tj ET Q q 0 0 0 rg BT 383.16 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 397.66 558.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 422.16 558.50 Td (of ) Tj ET Q q 0 0 0 rg BT 432.78 558.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 463.38 558.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 495.65 558.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.71 558.50 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.71 558.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.50 558.50 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.50 558.50 Td (, ) Tj ET Q q 0 0 0 rg BT 535.28 558.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.01 558.50 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 97.73 546.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 145.39 546.50 Td (, ) Tj ET Q q 0 0 0 rg BT 150.36 546.50 Td (in ) Tj ET Q q 0 0 0 rg BT 160.60 546.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 206.94 546.50 Td (with ) Tj ET Q q 0 0 0 rg BT 227.18 546.50 Td (its ) Tj ET Q q 0 0 0 rg BT 239.10 546.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 292.66 546.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 316.23 546.50 Td (and ) Tj ET Q q 0 0 0 rg BT 333.13 546.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 381.70 546.50 Td (of ) Tj ET Q q 0 0 0 rg BT 392.50 546.50 Td (the ) Tj ET Q q 0 0 0 rg BT 407.18 546.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 446.29 546.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 491.52 546.50 Td (discussed ) Tj ET Q q 0 0 0 rg BT 532.32 546.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.56 546.50 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.50 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 534.50 Td (. ) Tj ET Q q 0 0 0 rg BT 59.94 534.50 Td (These ) Tj ET Q q 0 0 0 rg BT 86.44 534.50 Td (modifications ) Tj ET Q q 0 0 0 rg BT 144.05 534.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 178.33 534.50 Td (in ) Tj ET Q q 0 0 0 rg BT 188.73 534.50 Td (the ) Tj ET Q q 0 0 0 rg BT 203.58 534.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 251.16 534.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 282.67 534.50 Td (and ) Tj ET Q q 0 0 0 rg BT 299.73 534.50 Td (incremental ) Tj ET Q q 0 0 0 rg BT 349.55 534.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 384.38 534.50 Td (related ) Tj ET Q q 0 0 0 rg BT 414.21 534.50 Td (to ) Tj ET Q q 0 0 0 rg BT 424.61 534.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.44 534.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 533.69 534.50 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.24 522.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 111.24 522.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 137.15 522.50 Td (awards. ) Tj ET Q q 0 0 0 rg BT 171.71 522.50 Td (As ) Tj ET Q q 0 0 0 rg BT 187.62 522.50 Td (a ) Tj ET Q q 0 0 0 rg BT 196.86 522.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 226.38 522.50 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.29 522.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.29 522.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.59 522.50 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.59 522.50 Td ( ) Tj ET Q q 0 0 0 rg BT 309.39 522.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.63 522.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.63 522.50 Td ( ) Tj ET Q q 0 0 0 rg BT 353.43 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.45 522.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.13 522.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 462.80 522.50 Td (incremental ) Tj ET Q q 0 0 0 rg BT 514.79 522.50 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.63 510.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.05 510.50 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 137.64 510.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.53 510.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.12 510.50 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 190.71 510.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.60 510.50 Td ( ) Tj ET Q q 0 0 0 rg BT 221.69 510.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.22 510.50 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 257.80 510.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.70 510.50 Td ( ) Tj ET Q q 0 0 0 rg BT 288.79 510.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 336.45 510.50 Td (, ) Tj ET Q q 0 0 0 rg BT 341.04 510.50 Td (which ) Tj ET Q q 0 0 0 rg BT 367.56 510.50 Td (was ) Tj ET Q q 0 0 0 rg BT 385.20 510.50 Td (included ) Tj ET Q q 0 0 0 rg BT 421.73 510.50 Td (in ) Tj ET Q q 0 0 0 rg BT 431.59 510.50 Td (the ) Tj ET Q q 0 0 0 rg BT 445.90 510.50 Td (Payroll ) Tj ET Q q 0 0 0 rg BT 476.87 510.50 Td (and ) Tj ET Q q 0 0 0 rg BT 493.40 510.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 527.15 510.50 Td (line ) Tj ET Q q 0 0 0 rg BT 544.23 510.50 Td (item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 498.50 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 498.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 130.27 498.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 176.65 498.50 Td (of ) Tj ET Q q 0 0 0 rg BT 187.48 498.50 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.50 Td (The amount of unrecognized compensation cost as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.04 474.50 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.63 474.50 Td (, and the expected weighted-average period over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.50 Td (which the cost will be recognized is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.00 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 393.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 393.00 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 393.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 393.00 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 363.00 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 363.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 363.00 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 363.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 363.00 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 437 m 458.5 437 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 437 m 462.5 437 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 437 m 562.5 437 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 408 m 354.5 408 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 408 m 458.5 408 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 408 m 562.5 408 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 408 m 458.5 408 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 408 m 562.5 408 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 363 m 458.5 363 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 349 m 458.5 349 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 347 m 458.5 347 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.95 441.23 Td (As of December 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 412.25 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 420.23 Td (Unrecognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 412.23 Td (Compensation Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.70 428.23 Td (Expected Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.40 420.23 Td (Average Period of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.40 412.23 Td (Recognition \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.67 Td (RSA expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 397.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 397.67 Td (1,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 397.67 Td (0.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 382.67 Td (Stock option expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 382.67 Td (732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 382.67 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.67 Td (PSU expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 367.67 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 367.67 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 352.67 Td (Total unrecognized stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 352.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 352.67 Td (2,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 352.67 Td (0.81) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 329.7669921875 m 82.7734375 329.7669921875 l s q 0 0 0 rg BT 50.00 331.10 Td (Activity) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 300.3669921875 m 114.697265625 300.3669921875 l s q 0 0 0 rg BT 50.00 301.70 Td (Restricted Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 277.70 Td ( summary of the status and activity of non-vested RSA's is presented in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 201.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 201.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 201.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 201.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 201.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 201.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 201.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 171.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 171.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 171.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 171.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 171.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 171.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 171.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 141.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 141.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 141.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 141.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 141.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 141.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 141.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 141.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 141.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 141.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 141.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 141.20 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 254.20000000000005 m 272.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 254.20000000000005 m 276.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 254.20000000000005 m 330.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 254.20000000000005 m 334.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 254.20000000000005 m 388.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 254.20000000000005 m 392.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 254.20000000000005 m 446.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 254.20000000000005 m 450.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 254.20000000000005 m 504.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 254.20000000000005 m 508.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 254.20000000000005 m 562.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 254.20000000000005 m 272.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 239.20000000000005 m 272.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 254.20000000000005 m 276.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 254.20000000000005 m 330.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 239.20000000000005 m 330.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 254.20000000000005 m 334.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 254.20000000000005 m 388.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 239.20000000000005 m 388.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 254.20000000000005 m 392.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 239.20000000000005 m 392.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 254.20000000000005 m 446.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 239.20000000000005 m 446.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 254.20000000000005 m 450.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 254.20000000000005 m 504.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 239.20000000000005 m 504.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 254.20000000000005 m 508.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 239.20000000000005 m 508.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 254.20000000000005 m 562.5 254.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 239.20000000000005 m 562.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 239.20000000000005 m 272.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 201.20000000000005 m 272.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 239.20000000000005 m 330.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 201.20000000000005 m 330.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 239.20000000000005 m 388.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 201.20000000000005 m 388.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 239.20000000000005 m 392.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 239.20000000000005 m 446.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 201.20000000000005 m 446.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 239.20000000000005 m 504.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 201.20000000000005 m 504.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 239.20000000000005 m 508.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 239.20000000000005 m 562.5 239.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 201.20000000000005 m 562.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 201.20000000000005 m 218.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 201.20000000000005 m 272.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 201.20000000000005 m 330.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 201.20000000000005 m 388.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 201.20000000000005 m 446.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 201.20000000000005 m 504.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 201.20000000000005 m 562.5 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 141.20000000000005 m 272.5 141.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 127.20000000000005 m 272.5 127.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 125.20000000000005 m 272.5 125.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 141.20000000000005 m 388.5 141.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 127.20000000000005 m 388.5 127.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 125.20000000000005 m 388.5 125.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 141.20000000000005 m 504.5 141.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 127.20000000000005 m 504.5 127.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 125.20000000000005 m 504.5 125.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 258.43 Td (For the Years Ended December 31.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 243.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 243.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.00 243.43 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 213.45 Td (\(in thousands, except for share and per share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 205.45 Td (amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 205.43 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.40 229.43 Td (W) Tj ET Q q 0 0 0 rg BT 292.96 229.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.05 221.43 Td (A) Tj ET Q q 0 0 0 rg BT 294.23 221.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.55 213.43 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.15 205.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 299.67 205.43 Td ( ) Tj ET Q q 0 0 0 rg BT 301.52 205.43 Td (V) Tj ET Q q 0 0 0 rg BT 306.56 205.43 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 205.43 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.40 229.43 Td (W) Tj ET Q q 0 0 0 rg BT 408.96 229.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.05 221.43 Td (A) Tj ET Q q 0 0 0 rg BT 410.23 221.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.20 213.43 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.15 205.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 415.67 205.43 Td ( ) Tj ET Q q 0 0 0 rg BT 417.52 205.43 Td (V) Tj ET Q q 0 0 0 rg BT 422.56 205.43 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 205.43 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 229.43 Td (W) Tj ET Q q 0 0 0 rg BT 524.96 229.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 221.43 Td (A) Tj ET Q q 0 0 0 rg BT 526.23 221.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 213.43 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.15 205.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 531.67 205.43 Td ( ) Tj ET Q q 0 0 0 rg BT 533.52 205.43 Td (V) Tj ET Q q 0 0 0 rg BT 538.56 205.43 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 191.77 Td (Non-vested at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 190.87 Td (134,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 190.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 190.87 Td (8.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 190.87 Td (209,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 190.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 190.87 Td (13.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 190.87 Td (263,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 190.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 190.87 Td (9.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 175.87 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 175.87 Td (363,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 175.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 175.87 Td (7.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 175.87 Td (127,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 175.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 175.87 Td (14.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 175.87 Td (112,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 175.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 175.87 Td (24.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 160.87 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.80 160.87 Td (\(175,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 160.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 160.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 160.87 Td (11.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 160.92 Td (\(165,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 160.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 160.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 160.87 Td (17.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.80 160.92 Td (\(118,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 160.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 160.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 160.87 Td (15.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 145.87 Td (Forfeited ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.16 150.40 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 145.87 Td (\(25,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 145.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 145.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 145.87 Td (15.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 145.92 Td (\(37,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 145.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 145.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 145.87 Td (19.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 145.92 Td (\(48,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 145.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 145.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 145.87 Td (9.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.77 Td (Non-vested at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.15 130.87 Td (297,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 130.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 130.87 Td (8.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 130.87 Td (134,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 130.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 130.87 Td (8.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 130.87 Td (209,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 130.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 130.87 Td (13.59) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 103.90 Td (\(1\) Included within the 2015 forfeited / canceled units are RSA's related to a former executive that were clawed back. ) Tj ET Q q 0 0 0 rg BT 477.29 103.90 Td (The Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 91.90 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.73 91.90 Td ($0.1 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.73 91.90 Td ( within ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.23 91.90 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.72 91.90 Td ( Income line item on the Consolidated Statement of Operations related to these awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.88 91.90 Td ( ) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The weighted-average grant-date fair value of RSA's granted or modified during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.88 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.46 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.46 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.46 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 730.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 730.10 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.44 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.44 730.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.33 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.27 730.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.17 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 316.83 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 321.65 730.10 Td (The total fair value of RSA's vested during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 718.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 718.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.47 718.10 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.36 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 718.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.69 718.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 437.35 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.46 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.81 694.10 Td (years ) Tj ET Q q 0 0 0 rg BT 121.05 694.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 694.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 207.28 694.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.28 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.91 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.91 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.04 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.62 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.62 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.25 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.60 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.62 694.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 404.71 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.06 694.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 452.08 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.65 694.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 504.99 694.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.67 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (42,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.15 682.10 Td (95,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.65 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.80 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.39 682.10 Td (55,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.89 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.04 682.10 Td (RSA's ) Tj ET Q q 0 0 0 rg BT 185.33 682.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 217.47 682.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.40 682.10 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.05 682.10 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.05 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.20 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 682.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.79 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.94 682.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 330.35 682.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 378.01 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.66 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.59 682.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 439.70 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.63 682.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 501.19 682.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 550.90 682.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.13 670.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 82.54 670.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.34 670.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.34 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.54 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.54 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.23 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.36 670.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.36 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.56 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.47 670.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.05 670.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.60 670.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 345.49 670.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 394.39 670.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 451.63 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 670.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 480.84 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.74 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.93 670.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 533.12 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.75 658.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 84.57 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.46 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.27 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 164.94 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.75 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.50 658.10 Td (was ) Tj ET Q q 0 0 0 rg BT 211.37 658.10 Td (included ) Tj ET Q q 0 0 0 rg BT 247.12 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.21 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.74 658.10 Td (Payroll ) Tj ET Q q 0 0 0 rg BT 299.95 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.70 658.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 348.67 658.10 Td (line ) Tj ET Q q 0 0 0 rg BT 364.98 658.10 Td (item ) Tj ET Q q 0 0 0 rg BT 384.07 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.16 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.69 658.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 460.78 658.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.98 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.62 658.10 Td (Operations.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 627.3669921875 m 105.8251953125 627.3669921875 l s q 0 0 0 rg BT 50.00 628.70 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 604.70 Td ( summary of option activity under the Plans is presented below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 534.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 534.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 534.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 534.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 534.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 534.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 534.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 534.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 504.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 504.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 504.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 504.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 504.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 504.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 504.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 504.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 474.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 474.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 474.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 474.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 474.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 474.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 474.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 474.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 434.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 434.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 434.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 434.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 434.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 434.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 434.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 434.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 404.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 404.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 404.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 404.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 404.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 404.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 404.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 404.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 374.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 374.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 374.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 374.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 374.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 374.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 374.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 374.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 344.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 344.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 344.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 344.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 304.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 304.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 304.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 304.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 304.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 304.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 304.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 304.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 274.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 274.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 274.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 274.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 274.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 274.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 274.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 274.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 244.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 244.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 244.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 244.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 244.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 244.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 244.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 244.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.20 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 214.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 214.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 214.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 214.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 214.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 214.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 214.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 214.20 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 549.2 m 358.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 549.2 m 428.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 549.2 m 499.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 549.2 m 562.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 549.2 m 287.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 549.2 m 358.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 549.2 m 428.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 549.2 m 499.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 549.2 m 562.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 474.20000000000005 m 358.5 474.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 460.20000000000005 m 358.5 460.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 458.20000000000005 m 358.5 458.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 460.20000000000005 m 499.5 460.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 458.20000000000005 m 499.5 458.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 435.20000000000005 m 358.5 435.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 433.20000000000005 m 358.5 433.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 435.20000000000005 m 499.5 435.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 433.20000000000005 m 499.5 433.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 344.20000000000005 m 358.5 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 330.20000000000005 m 358.5 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 328.20000000000005 m 358.5 328.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 330.20000000000005 m 499.5 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 328.20000000000005 m 499.5 328.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 305.20000000000005 m 358.5 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 303.20000000000005 m 358.5 303.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 305.20000000000005 m 499.5 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 303.20000000000005 m 499.5 303.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 214.20000000000005 m 358.5 214.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 200.20000000000005 m 358.5 200.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 198.20000000000005 m 358.5 198.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 200.20000000000005 m 499.5 200.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 198.20000000000005 m 499.5 198.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 175.20000000000005 m 358.5 175.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 173.20000000000005 m 358.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 175.20000000000005 m 499.5 175.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 173.20000000000005 m 499.5 173.20000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 553.45 Td (\(in thousands, except for shar) Tj ET Q q 0 0 0 rg BT 148.03 553.45 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 194.17 553.45 Td (e amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.00 577.43 Td (Number of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.90 569.43 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.70 561.43 Td (Outstandingand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.75 553.43 Td (Exercisable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.40 577.43 Td (W) Tj ET Q q 0 0 0 rg BT 384.96 577.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.05 569.43 Td (A) Tj ET Q q 0 0 0 rg BT 386.23 569.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.60 561.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 396.89 561.43 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.10 553.43 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.00 561.43 Td (Aggregate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 553.43 Td (Intrinsic Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 585.43 Td (W) Tj ET Q q 0 0 0 rg BT 522.46 585.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 577.43 Td (A) Tj ET Q q 0 0 0 rg BT 523.73 577.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.80 569.43 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 561.43 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.20 553.43 Td (T) Tj ET Q q 0 0 0 rg BT 510.80 553.43 Td (erm \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.77 Td (For the year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 524.77 Td (Options outstanding, January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 523.87 Td (317,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 523.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 523.87 Td (5.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 509.77 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 508.87 Td (30,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 508.87 Td (20.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 494.77 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 493.92 Td (\(260,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 493.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 493.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 493.87 Td (4.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 479.32 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 478.92 Td (\(13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 478.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 478.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 478.87 Td (6.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 464.77 Td (Options outstanding, December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 463.87 Td (74,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 463.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 463.87 Td (13.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 463.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 463.87 Td (670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 463.87 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 449.77 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 439.77 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 438.87 Td (34,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 438.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 438.87 Td (8.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 438.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 438.87 Td (491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 438.87 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.77 Td (For the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 394.77 Td (Options outstanding, January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 393.87 Td (74,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 393.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 393.87 Td (13.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 379.77 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 378.87 Td (56,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 378.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 378.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 364.77 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 363.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 363.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 363.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 349.77 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 348.92 Td (\(24,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 348.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 348.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 348.87 Td (7.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 334.77 Td (Options outstanding, December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 333.87 Td (106,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 333.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 333.87 Td (15.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 333.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 333.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 333.87 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 319.77 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 309.77 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 308.87 Td (82,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 308.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 308.87 Td (14.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 308.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 308.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 308.87 Td (3.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.77 Td (For the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 264.77 Td (Options outstanding, January 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 263.87 Td (106,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 263.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 263.87 Td (15.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 249.77 Td (Options granted ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 131.66 254.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 248.87 Td (546,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 248.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 248.87 Td (11.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 234.77 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 233.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 233.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 233.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 219.77 Td (Options expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 218.92 Td (\(20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 218.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 218.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 218.87 Td (16.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 204.77 Td (Options outstanding, December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 203.87 Td (632,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 203.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 203.87 Td (11.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 203.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 203.87 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 203.87 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 188.87 Td (Options vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 178.87 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 178.87 Td (247,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 178.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 178.87 Td (13.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 178.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 178.87 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 178.87 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 151.90 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 151.90 Td (Included in options granted are ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.21 151.90 Td (243,750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.46 151.90 Td ( awards granted that were initially granted on a contingent basis and became exercisable as a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 141.10 Td (result of the automatic expiration of the same number of Stock ) Tj ET Q q 0 0 0 rg BT 295.19 141.10 Td (Appreciation Rights, as a result of stockholder approval of ) Tj ET Q q 0 0 0 rg BT 507.64 141.10 Td (Amendment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 130.30 Td (No. 4 of the 2007 Plan. See "Stock ) Tj ET Q q 0 0 0 rg BT 195.16 130.30 Td (Appreciation Rights" section below for a discussion of the provisions of the exchange and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 119.50 Td (incremental expense recognized.) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The weighted-average grant-date fair value of options granted during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.75 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.33 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.33 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.33 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.27 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.27 742.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 730.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.72 730.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.61 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 276.27 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.09 730.10 Td (The total intrinsic value of options exercised during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 718.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 718.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.78 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.78 718.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.99 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.43 718.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.32 718.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 373.98 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.80 718.10 Td (The total fair value of shares issued as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (result of options exercised \(measured as of the date of exercise\) during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.14 706.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.73 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.73 706.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.73 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.16 706.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.16 706.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.21 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.21 694.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.41 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.85 694.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.74 694.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.41 694.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Cash flows resulting from excess tax benefits, if any) Tj ET Q q 0 0 0 rg BT 259.02 670.10 Td (, are classified as part of cash flows from financing activities. Excess tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (benefits are realized tax benefits from tax deductions for vested RSA's, settled PSU's and exercised options in excess of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (deferred tax asset attributable to stock compensation costs for such equity awards. ) Tj ET Q q 0 0 0 rg BT 380.55 646.10 Td (The Company recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.46 646.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.46 646.10 Td (excess tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (benefits for the years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.01 634.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.59 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.59 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.59 634.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.53 634.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (During 2015, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.09 610.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.98 610.10 Td ( of stock-based compensation expense was recognized as a result of granting an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 598.10 Td (ficer stock options which were immediately vested, with an exercise price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.02 598.10 Td ($13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.52 598.10 Td ( per option.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 567.3669921875 m 73.2470703125 567.3669921875 l s q 0 0 0 rg BT 50.00 568.70 Td (SAR's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 544.70 Td ( summary of SAR activity under the Plans is presented below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 489.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 489.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 489.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 489.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 489.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 489.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 489.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 489.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 459.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 459.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 459.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 459.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 429.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 429.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 429.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 429.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 429.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 429.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 429.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 429.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 429.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 399.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 399.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 399.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 399.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 399.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 399.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 399.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 399.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 369.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 369.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 369.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 369.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 339.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 339.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 339.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 339.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 309.20 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 309.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 309.20 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 309.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 309.20 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.20 236.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 279.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 279.20 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 279.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 279.20 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 279.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 279.20 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 279.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 279.20 59.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 489.20000000000005 m 356.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 489.20000000000005 m 426.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 489.20000000000005 m 497.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 489.20000000000005 m 560.5 489.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 414.20000000000005 m 356.5 414.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 400.20000000000005 m 356.5 400.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 398.20000000000005 m 356.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 398.20000000000005 m 356.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 400.20000000000005 m 356.5 400.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 385.20000000000005 m 356.5 385.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 383.20000000000005 m 356.5 383.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 294.20000000000005 m 356.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 280.20000000000005 m 356.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 278.20000000000005 m 356.5 278.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 255.20000000000005 m 356.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 253.20000000000005 m 356.5 253.20000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 493.45 Td (\(in thousands, except for shar) Tj ET Q q 0 0 0 rg BT 148.03 493.45 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 194.17 493.45 Td (e amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 517.43 Td (Number) Tj ET Q q 0 0 0 rg BT 332.80 517.43 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.30 509.43 Td (SAR's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.20 501.43 Td (Outstandingand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.25 493.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 319.54 493.43 Td (cisable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.40 517.43 Td (W) Tj ET Q q 0 0 0 rg BT 382.96 517.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.05 509.43 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 509.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.60 501.43 Td (Exer) Tj ET Q q 0 0 0 rg BT 394.89 501.43 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.10 493.43 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 501.43 Td (Aggr) Tj ET Q q 0 0 0 rg BT 463.18 501.43 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.25 493.43 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 469.44 493.43 Td (V) Tj ET Q q 0 0 0 rg BT 474.48 493.43 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.90 525.43 Td (W) Tj ET Q q 0 0 0 rg BT 520.46 525.43 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.55 517.43 Td (A) Tj ET Q q 0 0 0 rg BT 521.73 517.43 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 509.43 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.80 501.43 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.20 493.43 Td (T) Tj ET Q q 0 0 0 rg BT 508.80 493.43 Td (erm \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.77 Td (For the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.77 Td (SAR's outstanding as of January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 463.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 463.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 463.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 449.77 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 448.87 Td (243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 448.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 448.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 434.77 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 433.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 433.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 419.77 Td (Expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 418.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 418.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 418.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.77 Td (SAR's outstanding as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 403.87 Td (243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 403.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 403.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 403.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 403.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.50 403.87 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.87 Td (SAR's vested and exercisable as of December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 388.87 Td (43,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 388.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 388.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 388.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 388.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 388.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.87 Td (For the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.87 Td (SAR's outstanding as of January 1, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 343.87 Td (243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 343.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 343.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 329.77 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 328.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 328.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 328.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 314.77 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 313.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 313.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 313.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 299.77 Td (Expired / forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.80 298.92 Td (\(243,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 298.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 298.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 298.87 Td (13.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 284.77 Td (SAR's outstanding as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 283.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 283.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 283.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 283.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 283.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 283.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 269.77 Td (SAR's vested and exercisable as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 259.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 258.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 258.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 258.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 258.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 258.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 258.87 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.70 Td (In June 2016, the Company's stockholders approved ) Tj ET Q q 0 0 0 rg BT 260.66 230.70 Td (Amendment No. 4 to the 2007 Plan, which triggered an automatic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.70 Td (expiration of the Stock ) Tj ET Q q 0 0 0 rg BT 143.32 218.70 Td (Appreciation Rights and an equal number of stock options being exercisable and no longer granted on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.70 Td (contingent basis. Upon approval, all existing SAR's expired under this provision. ) Tj ET Q q 0 0 0 rg BT 376.03 206.70 Td (The Company recorded incremental expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 194.70 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 194.70 Td ( to stock-based compensation related to the change in fair value of the SAR's prior to the reclassification date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.70 Td (Upon reclassification, the impact to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 182.70 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 182.70 Td ( was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.64 182.70 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.54 182.70 Td ( increase. ) Tj ET Q q 0 0 0 rg BT 413.61 182.70 Td (The Company had no SAR's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.70 Td (outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 170.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.41 170.70 Td (.) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 74.3603515625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (PSU's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 718.10 Td ( summary of the status and activity of non-vested PSU's is presented in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 644.60 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 644.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 644.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 644.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.60 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 614.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 614.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 584.60 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 584.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 584.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 584.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 584.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 584.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 584.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 584.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 694.6 m 271.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 694.6 m 275.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 694.6 m 329.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 694.6 m 333.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 694.6 m 387.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 694.6 m 391.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 694.6 m 445.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 694.6 m 449.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 694.6 m 503.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 694.6 m 508.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 694.6 m 271.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 681.6 m 271.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 694.6 m 275.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 681.6 m 275.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 694.6 m 329.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 681.6 m 329.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 694.6 m 387.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 681.6 m 387.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 694.6 m 391.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 681.6 m 391.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 694.6 m 445.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 681.6 m 445.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 694.6 m 503.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 681.6 m 503.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 694.6 m 508.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 681.6 m 508.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 644.6 m 213.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 681.6 m 271.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 644.6 m 271.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 681.6 m 275.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 681.6 m 329.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 644.6 m 329.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 681.6 m 387.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 644.6 m 387.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 681.6 m 391.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 681.6 m 445.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 644.6 m 445.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 681.6 m 503.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 644.6 m 503.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 681.6 m 508.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 644.6 m 562.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 644.6 m 213.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 644.6 m 271.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 644.6 m 329.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 644.6 m 387.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 644.6 m 445.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 644.6 m 503.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 644.6 m 562.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 584.6 m 271.5 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 584.6 m 387.5 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 584.6 m 503.5 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 570.6 m 271.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 568.6 m 271.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 570.6 m 387.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 568.6 m 387.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 570.6 m 503.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 568.6 m 503.5 568.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.25 698.83 Td (For the Years Ended December 31.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.00 685.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 685.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 685.83 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 656.85 Td (\(in thousands, except for share and per share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 648.85 Td (amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.85 648.83 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.40 672.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.05 664.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.20 656.83 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.15 648.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.85 648.83 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 672.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.05 664.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.20 656.83 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 648.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.85 648.83 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 672.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 664.83 Td (Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 656.83 Td (Grant-Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.15 648.83 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.17 Td (Non-vested at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 634.27 Td (169,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 634.27 Td (26.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 634.27 Td (142,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 634.27 Td (30.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 634.27 Td (89,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 634.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 634.27 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.17 Td (Granted ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 87.71 624.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 619.27 Td (69,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 619.27 Td (20.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 619.27 Td (57,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 619.27 Td (37.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.17 Td (V) Tj ET Q q 0 0 0 rg BT 59.11 605.17 Td (ested ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 82.16 609.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.80 604.27 Td (\(119,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 604.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 604.27 Td (26.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.80 604.32 Td (\(13,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 604.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 604.27 Td (30.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 604.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 604.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.17 Td (Forfeited / Canceled ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.14 594.70 Td (\(1\) \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.65 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.80 589.32 Td (\(28,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 589.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 589.27 Td (30.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 589.32 Td (\(4,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 589.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 589.27 Td (26.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.17 Td (Non-vested at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 574.27 Td (49,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 574.27 Td (25.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 574.27 Td (169,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 574.27 Td (26.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 574.27 Td (142,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 574.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 574.27 Td (30.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 547.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.58 547.30 Td (The number of units shown in the table above are based on tar) Tj ET Q q 0 0 0 rg BT 286.35 547.30 Td (get performance. ) Tj ET Q q 0 0 0 rg BT 349.40 547.30 Td (The final number of shares of common stock issued may ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 536.50 Td (vary depending on the achievement of market conditions established within the awards, which could result in the actual number of shares ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 525.70 Td (issued ranging from zero to a maximum of two times the number of units shown in the above table.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 502.90 Td (\(2\) Included within the 2015 forfeited / canceled units are PSU's related to a former executive that were clawed back. ) Tj ET Q q 0 0 0 rg BT 474.04 502.90 Td (The Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 490.90 Td (recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.73 490.90 Td ($0.2 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.73 490.90 Td ( within ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.23 490.90 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.72 490.90 Td ( Income line item on the Consolidated Statement of Operations related to these awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.38 490.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.90 Td (The weighted-average grant date fair value of PSU's granted during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 466.90 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.09 466.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.09 466.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.09 466.90 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.03 466.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.03 466.90 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.90 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.21 454.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.21 454.90 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 454.90 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.04 454.90 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.93 454.90 Td (, respectively) Tj ET Q q 0 0 0 rg BT 244.59 454.90 Td (. ) Tj ET Q q 0 0 0 rg BT 249.41 454.90 Td (The PSU's granted will remain unvested until the third anniversary date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.90 Td (their issuance, at which time the actual number of vested shares will be determined based upon the actual price performances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.90 Td (the Company) Tj ET Q q 0 0 0 rg BT 106.38 430.90 Td (s common stock relative to a broad stock index and a peer group performance index.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.90 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 406.90 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 406.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.11 406.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 406.90 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.04 406.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.04 406.90 Td (, the Company modified and accelerated certain PSU's that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.90 Td (granted to former executive of) Tj ET Q q 0 0 0 rg BT 171.43 394.90 Td (ficers in 2013, 2014, and 2015. ) Tj ET Q q 0 0 0 rg BT 298.17 394.90 Td (The Company recorded incremental expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.32 394.90 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.21 394.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.21 394.90 Td ($2.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 382.90 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 382.90 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.72 382.90 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.22 382.90 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.20 382.90 Td ( line item in the Consolidated Statement of Operations.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 365.83 477.83 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 358.90 Td (The following table shows the PSUs that were settled by issuing the Company's common stock relative to a peer group ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 353.83 170.77 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 346.90 Td (performance index and broad stock index. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 292.40 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 292.40 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 292.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 292.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 292.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 292.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 292.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 292.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 292.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 262.40 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 262.40 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 262.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 262.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 262.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 262.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 262.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 262.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 262.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 232.40 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 232.40 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 232.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 232.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 232.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 232.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 232.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 232.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 232.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.40 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 202.40 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 202.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 202.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 202.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 202.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 202.40 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 202.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 202.40 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 292.4 m 258.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 292.4 m 324.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 292.4 m 390.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 292.4 m 433.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 292.4 m 476.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 292.4 m 519.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 292.4 m 562.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 292.4 m 390.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 292.4 m 433.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 292.4 m 476.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 292.4 m 519.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 292.4 m 562.5 292.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.70 304.63 Td (Y) Tj ET Q q 0 0 0 rg BT 230.59 304.63 Td (ear) Tj ET Q q 0 0 0 rg BT 241.55 304.63 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.55 296.63 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.50 312.63 Td (Net Number) Tj ET Q q 0 0 0 rg BT 309.79 312.63 Td ( of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.60 304.63 Td (Issued Shar) Tj ET Q q 0 0 0 rg BT 309.69 304.63 Td (es ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.85 296.63 Td (upon ) Tj ET Q q 0 0 0 rg BT 290.05 296.63 Td (V) Tj ET Q q 0 0 0 rg BT 295.10 296.63 Td (esting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 328.48 Td (Shar) Tj ET Q q 0 0 0 rg BT 363.80 328.48 Td (es ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.70 320.48 Td (W) Tj ET Q q 0 0 0 rg BT 346.56 320.48 Td (ithheld to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.20 312.48 Td (Settle ) Tj ET Q q 0 0 0 rg BT 363.16 312.48 Td (T) Tj ET Q q 0 0 0 rg BT 367.76 312.48 Td (ax ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.50 304.48 Td (W) Tj ET Q q 0 0 0 rg BT 345.36 304.48 Td (ithholding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.20 296.48 Td (Obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.65 315.63 Td (TSR Multiple Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.10 315.63 Td (Russell 3000 Multiple) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.90 296.63 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.05 296.63 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.90 296.63 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.05 296.63 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 282.07 Td (For the year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 267.07 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.15 267.07 Td (38,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 267.07 Td (1,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 267.07 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 267.07 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 267.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 267.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 252.07 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.15 252.07 Td (11,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 252.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 252.07 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 252.07 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 252.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 252.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 237.07 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.15 237.07 Td (13,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 237.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 237.07 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 237.07 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 237.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 237.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.07 Td (For the year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 207.07 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 207.07 Td (8,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 207.07 Td (3,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 207.07 Td (1.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 207.07 Td (1.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 207.07 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 207.07 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 192.07 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 192.07 Td (2,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 192.07 Td (1,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 192.07 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 192.07 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 192.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 192.07 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 169.56699218749998 m 105.8154296875 169.56699218749998 l s q 0 0 0 rg BT 50.00 170.90 Td (Other Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.90 Td (Cash received from the exercise of stock options for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.01 153.90 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.59 153.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.59 153.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.59 153.90 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.03 153.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.03 153.90 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.58 153.90 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.79 153.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.79 153.90 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 153.90 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.90 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 141.90 Td (, respectively) Tj ET Q q 0 0 0 rg BT 151.55 141.90 Td (. ) Tj ET Q q 0 0 0 rg BT 156.37 141.90 Td (There were no other cash receipts during these years from the exercise of other share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.90 Td (compensation arrangements.) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 728.53505859375 m 82.490234375 728.53505859375 l s q 0 0 0 rg BT 50.00 730.10 Td (Note 14) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 728.53505859375 m 232.4853515625 728.53505859375 l s q 0 0 0 rg BT 82.49 730.10 Td ( - Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 707.7669921875 m 124.892578125 707.7669921875 l s q 0 0 0 rg BT 50.00 709.10 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 84.91 709.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (The Company is involved in certain legal actions, described below) Tj ET Q q 0 0 0 rg BT 315.94 680.10 Td (. ) Tj ET Q q 0 0 0 rg BT 320.76 680.10 Td (The outcomes of these legal actions are not within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 668.10 Td (s complete control and may not be finalized for prolonged periods of time. In the described actions, the claimants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (seek monetary damages and other penalties. In accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 353.52 656.10 Td (, the Company records a liability in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (Consolidated Financial Statements for loss contingencies when a loss is known or considered probable and the amount can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (reasonably estimated. In the described lawsuits, the Company has entered into settlement agreements, with the claimants setting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (forth the specific or maximum amount of monetary damages required to settle each action. In the described government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (investigation, the Company has reached agreement in principle with regard to the amount of monetary damages required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (settle such action. ) Tj ET Q q 0 0 0 rg BT 123.69 596.10 Td (Therefore, such amounts are probable and reasonably estimable. ) Tj ET Q q 0 0 0 rg BT 383.40 596.10 Td (The Company cannot predict the timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 Td (final resolution or the final outcome of any pending legal proceedings as described in the paragraphs below) Tj ET Q q 0 0 0 rg BT 478.66 584.10 Td (, nor can it provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (any assurance that the ultimate resolution of any such matter will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 432.46 572.10 Td (fect on the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (consolidated financial position, results of operations or cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 543.10 Td (Securities class action lawsuit: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.66 543.10 Td (United Food and Commercial ) Tj ET Q q 0 0 0 rg BT 307.04 543.10 Td (W) Tj ET Q q 0 0 0 rg BT 315.19 543.10 Td (orkers Union v) Tj ET Q q 0 0 0 rg BT 376.49 543.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.12 543.10 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.21 543.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (14-cv-01243-CMA-KMT) Tj ET Q q 0 0 0 rg BT 155.35 531.10 Td ( \(U.S. District Court, D. Colo.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 514.10 Td ( class action lawsuit against ) Tj ET Q q 0 0 0 rg BT 169.70 514.10 Td (ADES and certain of its current and former of) Tj ET Q q 0 0 0 rg BT 353.34 514.10 Td (ficers was filed in May 2014 in the federal court in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Denver) Tj ET Q q 0 0 0 rg BT 79.03 502.10 Td (, Colorado alleging that ) Tj ET Q q 0 0 0 rg BT 175.40 502.10 Td (ADES and other defendants misrepresented to the investing public the Company) Tj ET Q q 0 0 0 rg BT 500.88 502.10 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (condition and its financial controls to artificially inflate and maintain the market price of ) Tj ET Q q 0 0 0 rg BT 406.00 490.10 Td (ADES) Tj ET Q q 0 0 0 rg BT 434.89 490.10 Td (s common stock. In May 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the parties reached an agreement in principle to settle this litigation, and on June30, 2016, the parties entered into a Stipulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 466.10 Td (Agreement of Settlement to resolve the action in its entirety) Tj ET Q q 0 0 0 rg BT 304.83 466.10 Td (. On February10, 2017, we received an order and final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (judgment that the lawsuit was settled, and the entire case has been dismissed with prejudice.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (The settlement agreement for this case contains no admission of liability) Tj ET Q q 0 0 0 rg BT 339.27 437.10 Td (, and all of the defendants in this litigation have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (expressly denied, and continue to deny) Tj ET Q q 0 0 0 rg BT 204.86 425.10 Td (, all allegations of wrongdoing or improper conduct. ) Tj ET Q q 0 0 0 rg BT 418.80 425.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 478.51 425.10 Td (s insurance carriers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (funded the full settlement in November 2016. However) Tj ET Q q 0 0 0 rg BT 271.21 413.10 Td (, until an order and final judgment of the lawsuit having been settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (was received, the funded settlement did not relieve the Company's recorded liability) Tj ET Q q 0 0 0 rg BT 385.49 401.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (As of December31, 2016, the Company had a recorded liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.92 384.10 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.81 384.10 Td ( in connection with the Denver Settlement as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (the losses in connection with this matter were probable and reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 447.69 372.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.50 372.10 Td (The liability was originally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (recorded as of June 30, 2016 in the Legal settlements and accruals line item of the Consolidated Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 497.36 360.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 348.10 Td (, the Company also had a recorded receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.06 348.10 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.95 348.10 Td ( in connection with the Denver Settlement as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (the Company's insurance carriers funded the full settlement but final judgment was not receive as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.96 336.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.54 336.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (Stockholder) Tj ET Q q 0 0 0 rg BT 101.49 319.10 Td ( derivative lawsuits: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 189.54 319.10 Td (In Re ) Tj ET Q q 0 0 0 rg BT 214.73 319.10 Td (Advanced Emissions Solutions, Inc. Shareholder Derivative Litigation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.20 319.10 Td (, No. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (2014CV) Tj ET Q q 0 0 0 rg BT 83.70 307.10 Td (-30709 \(District Court, Douglas County) Tj ET Q q 0 0 0 rg BT 251.20 307.10 Td (, Colorado\) \(consolidated actions\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (In June and July 2014, stockholder derivative actions were filed in the Douglas County District Court and in the Colorado ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (District Court for the City and County of Denver against certain of the Company) Tj ET Q q 0 0 0 rg BT 375.76 278.10 Td (s current and former of) Tj ET Q q 0 0 0 rg BT 467.76 278.10 Td (ficers and directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (along with the Company as a "nominal defendant." In May 2016, the parties reached an agreement in principle to settle this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (stockholder derivative action, and on September30, 2016, the parties entered into a Stipulation and ) Tj ET Q q 0 0 0 rg BT 449.34 254.10 Td (Agreement of Settlement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (resolve the action in its entirety) Tj ET Q q 0 0 0 rg BT 175.15 242.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.47 242.10 Td (The Stockholder Derivative Settlement was approved and the case was closed on January4, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (The settlement agreement for this case contained no admission of liability) Tj ET Q q 0 0 0 rg BT 344.82 213.10 Td (, and all of the defendants in this stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (derivative action have expressly denied, and continue to deny) Tj ET Q q 0 0 0 rg BT 295.65 201.10 Td (, all allegations of wrongdoing or improper conduct. ) Tj ET Q q 0 0 0 rg BT 509.59 201.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 189.10 Td (s insurance carriers funded the full settlement in January 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 172.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 172.10 Td (, the Company had a recorded liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.92 172.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.81 172.10 Td ( in connection with the Derivative Settlement as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (the losses in connection with this matter were probable and reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 447.69 160.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.50 160.10 Td (The liability was originally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (recorded as of June 30, 2016 in the Legal settlements and accruals line item of the Consolidated Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 497.36 148.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 136.10 Td (, the Company also had a recorded receivable in connection with the Derivative Settlement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.67 136.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.57 136.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (which was originally recorded as of June 30, 2016, as the Company's insurance carriers subsequently funded the fee award in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (January 2017.) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (SEC Inquiry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 725.25 Td (April7, 2014, the SEC Staf) Tj ET Q q 0 0 0 rg BT 174.26 725.25 Td (f informed the Company that it had initiated the SEC Inquiry to determine if violations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (federal securities laws had occurred, and in September 2014 the SEC issued a formal order of investigation. ) Tj ET Q q 0 0 0 rg BT 485.80 713.25 Td (The SEC Inquiry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (generally pertains to the restatement of the Company) Tj ET Q q 0 0 0 rg BT 264.65 701.25 Td (s financial statements and internal controls processes, as described in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (Note 2 to the Consolidated Financial Statements of the Company included in the ) Tj ET Q q 0 0 0 rg BT 374.11 689.25 Td (Annual Report on Form 10-K for the fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 677.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 677.25 Td (.) Tj ET Q q 0 0 0 rg BT 179.49 677.25 Td (The Company cooperated with the SEC by providing information and documents to the SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (on an ongoing basis.In July 2016, the SEC Staf) Tj ET Q q 0 0 0 rg BT 241.20 665.25 Td (f communicated to the Company that it would recommend to the SEC that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (authorize a settlement with the Company on terms that include payment of a civil monetary penalty of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.27 653.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.16 653.25 Td (. ) Tj ET Q q 0 0 0 rg BT 517.48 653.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (penalty will not be funded by the Company) Tj ET Q q 0 0 0 rg BT 226.36 641.25 Td (s insurance carriers. ) Tj ET Q q 0 0 0 rg BT 308.36 641.25 Td (The SEC must approve the SEC Staf) Tj ET Q q 0 0 0 rg BT 455.39 641.25 Td (f recommendation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (any final settlement or relief. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (As a result of the communication from the SEC Staf) Tj ET Q q 0 0 0 rg BT 258.95 612.25 Td (f, the Company recorded a liability as of June 30, 2016 for the payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (monetary penalties in connection with the SEC Inquiry in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.05 600.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.94 600.25 Td ( as the losses in connection with this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (matter were both probable and reasonably estimable under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 332.98 588.25 Td (. ) Tj ET Q q 0 0 0 rg BT 337.80 588.25 Td (The recorded liability was based on an agreement in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (principle with SEC Staf) Tj ET Q q 0 0 0 rg BT 145.09 576.25 Td (f subject to approval by the SEC. ) Tj ET Q q 0 0 0 rg BT 279.88 576.25 Td (The liability was recorded in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.06 576.25 Td (Legal settlements and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.51 576.25 Td ( line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (item on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.49 564.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 564.25 Td (. ) Tj ET Q q 0 0 0 rg BT 218.39 564.25 Td (The expense recognized related to this accrual was included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.78 564.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.55 564.25 Td ( line item in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 552.25 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 552.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.54 552.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.12 552.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 533.9169921875 m 184.677734375 533.9169921875 l s q 0 0 0 rg BT 50.00 535.25 Td (Settlement and Royalty Indemnity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 518.25 Td (August 2008, Norit International N.V) Tj ET Q q 0 0 0 rg BT 209.52 518.25 Td (. f/k/a Norit N.V) Tj ET Q q 0 0 0 rg BT 274.61 518.25 Td (. \("Norit"\) filed a lawsuit against the Company asserting claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (misappropriation of trade secrets and other claims related to the Company's ) Tj ET Q q 0 0 0 rg BT 353.66 506.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 374.77 506.25 Td ( Carbon Solutions, LLC joint venture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (\("Carbon Solutions"\) that built an activated carbon manufacturing plant \(the Red River Plant\). In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.33 494.25 Td (August 201) Tj ET Q q 0 0 0 rg BT 494.36 494.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.36 494.25 Td (, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (and Norit entered into a settlement agreement whereby the Company paid amounts related to the non-solicitation breach of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (contract claim, and ) Tj ET Q q 0 0 0 rg BT 128.30 470.25 Td (ADA) Tj ET Q q 0 0 0 rg BT 149.41 470.25 Td ( was also required to pay additional damages related to certain future revenues generated from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (equity method investment through the second quarter of 2018 \(the "Royalty ) Tj ET Q q 0 0 0 rg BT 354.85 458.25 Td (A) Tj ET Q q 0 0 0 rg BT 361.16 458.25 Td (ward"\). Payments of amounts due under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (Royalty ) Tj ET Q q 0 0 0 rg BT 83.61 446.25 Td (A) Tj ET Q q 0 0 0 rg BT 89.92 446.25 Td (ward for each quarter are payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 446.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.48 446.25 Td ( months after such quarter ends. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.55 446.25 Td (October 201) Tj ET Q q 0 0 0 rg BT 436.89 446.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.89 446.25 Td (, an arbitration panel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (endorsed and confirmed the terms of the settlement agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 417.25 Td (, during November 201) Tj ET Q q 0 0 0 rg BT 192.85 417.25 Td (1, the Company entered into an Indemnity Settlement ) Tj ET Q q 0 0 0 rg BT 409.19 417.25 Td (Agreement whereby the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (agreed to settle certain indemnity obligations asserted against the Company related to the Norit litigation and relinquished all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (its equity interest in Carbon Solutions and amended the Intellectual Property License ) Tj ET Q q 0 0 0 rg BT 391.59 393.25 Td (Agreement dated October1, 2008 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (between the Company and Carbon Solutions. In the event that the Company declares or otherwise issues a dividend to any or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (all of its stockholders prior to January 1, 2018, other than repurchases of common stock under employee stock plans, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (Company must increase its letter of credit amounts as collateral for payments due to Norit, equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.33 357.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.66 357.25 Td ( of the aggregate fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.25 Td (market value of such dividends. ) Tj ET Q q 0 0 0 rg BT 179.41 345.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 229.32 345.25 Td (, the first time that the Company achieves earnings in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.52 345.25 Td ($20.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.41 345.25 Td ( for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (fiscal year ended prior to January 1, 2018, the Company must also increase its letter of credit amounts as collateral by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.47 333.25 Td ($5.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 321.25 Td ( for payments due to Norit. However) Tj ET Q q 0 0 0 rg BT 225.95 321.25 Td (, the maximum total letter of credit increase related to the combination of dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (or earnings is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.38 309.25 Td ($7.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.27 309.25 Td (. ) Tj ET Q q 0 0 0 rg BT 159.72 309.25 Td (As such, upon the filing of this Report, the Company will increase its letter of credit by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.04 309.25 Td ($5.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 297.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (During the fourth quarter of 2016, the Company revised its estimate for future Royalty ) Tj ET Q q 0 0 0 rg BT 398.53 280.25 Td (A) Tj ET Q q 0 0 0 rg BT 404.83 280.25 Td (ward payments based in part on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (updated forecast provided to the Company from Carbon Solutions. ) Tj ET Q q 0 0 0 rg BT 319.21 268.25 Td (This forecast included a material reduction in estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (future revenues generated at the Red River Plant. Based primarily on the updated forecast, the Company recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.28 256.25 Td ($4.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 244.25 Td ( reduction to its Royalty ) Tj ET Q q 0 0 0 rg BT 177.50 244.25 Td (A) Tj ET Q q 0 0 0 rg BT 183.80 244.25 Td (ward accrual as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (The following table summarizes the Company's legal settlements and accruals as described above, which are presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 211.25 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 170.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 170.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 170.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 140.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 140.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 140.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 110.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 110.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 110.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 110.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 110.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 185.75 m 483.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 185.75 m 487.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 185.75 m 562.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 170.75 m 404.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 170.75 m 483.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 170.75 m 562.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 140.75 m 483.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 140.75 m 562.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 110.75 m 483.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 110.75 m 562.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 110.75 m 483.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 96.75 m 483.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 94.75 m 483.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 110.75 m 562.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 96.75 m 562.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 94.75 m 562.5 94.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 190.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 189.98 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 175.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 174.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 174.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 161.32 Td (Settlement and Royalty Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 160.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 160.42 Td (5,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 160.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 160.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 146.32 Td (Legal settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 145.42 Td (5,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 145.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 130.42 Td (Legal settlements and accruals, current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 130.42 Td (10,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 130.42 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 115.42 Td (Settlement and Royalty Indemnification, long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 115.42 Td (5,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 115.42 Td (13,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 101.32 Td (Total legal settlements and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 100.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 100.42 Td (16,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 100.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 100.42 Td (20,299) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (Future amounts to be paid related to the Royalty ) Tj ET Q q 0 0 0 rg BT 245.24 79.25 Td (A) Tj ET Q q 0 0 0 rg BT 251.54 79.25 Td (ward may dif) Tj ET Q q 0 0 0 rg BT 304.68 79.25 Td (fer from current estimates due to future adjusted sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (activated carbon from the Red River Plant. ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The receivables related to the Denver Settlement and the Stockholder Derivative ) Tj ET Q q 0 0 0 rg BT 374.04 742.10 Td (Action are shown with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.08 742.10 Td (Receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.60 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (line item in the Consolidated Balance Sheets in the same amounts as the respective liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 713.10 Td ( Commitments and Contingencies) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 694.7669921875 m 108.251953125 694.7669921875 l s q 0 0 0 rg BT 50.00 696.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 696.10 Td (inuum Gr) Tj ET Q q 0 0 0 rg BT 93.25 696.10 Td (oup) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (The Company also has certain limited obligations contingent upon future events in connection with the activities of ) Tj ET Q q 0 0 0 rg BT 513.88 679.10 Td (T) Tj ET Q q 0 0 0 rg BT 519.63 679.10 Td (inuum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 80.37 667.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 136.66 667.10 Td (, NexGen and two entities af) Tj ET Q q 0 0 0 rg BT 250.88 667.10 Td (filiated with NexGen have provided GSFS with limited guaranties \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (T) Tj ET Q q 0 0 0 rg BT 60.20 655.10 Td (inuum Group Party Guaranties\) related to certain losses it may suf) Tj ET Q q 0 0 0 rg BT 329.38 655.10 Td (fer as a result of inaccuracies or breach of representations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (and covenants. ) Tj ET Q q 0 0 0 rg BT 111.74 643.10 Td (The Company also is a party to a contribution agreement with NexGen under which any party called upon to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (pay on a ) Tj ET Q q 0 0 0 rg BT 86.20 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.95 631.10 Td (inuum Group Party Guaranty is entitled to receive contribution from the other party equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.24 631.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.57 631.10 Td ( of the amount paid. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (No liability or expense provision has been recorded by the Company related to this contingent obligation as the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (believes that it is not probable that a loss will occur with respect to ) Tj ET Q q 0 0 0 rg BT 319.20 607.10 Td (T) Tj ET Q q 0 0 0 rg BT 324.96 607.10 Td (inuum Group Party Guaranties.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 584.7669921875 m 139.7314453125 584.7669921875 l s q 0 0 0 rg BT 50.00 586.10 Td (Consultant Obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.73 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 565.10 Td (January1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 565.10 Td (, the Company entered into a residual payment agreement with a former consultant who was involved in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (development and deployment of RC technologies. Pursuant to the agreement, the Company was required to make annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (payments based upon ) Tj ET Q q 0 0 0 rg BT 138.41 541.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.17 541.10 Td (inuum Group's RC production and sale from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.56 541.10 Td (January1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.16 541.10 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.27 541.10 Td (June30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.10 541.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.92 541.10 Td (These expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (were recorded within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.18 529.10 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.86 529.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.12 529.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.48 529.10 Td ( and were recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (as RC production occurred. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.99 517.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.58 517.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.02 517.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.02 517.10 Td (, the Company recorded expenses under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (agreement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.97 505.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.86 505.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 505.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.19 505.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 274.85 505.10 Td (. In January 2016, the Company made the final payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 493.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 493.10 Td ( related to this obligation.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 474.7669921875 m 105.7421875 474.7669921875 l s q 0 0 0 rg BT 50.00 476.10 Td (Line of Cr) Tj ET Q q 0 0 0 rg BT 90.75 476.10 Td (edit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.74 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (In September 2013, ) Tj ET Q q 0 0 0 rg BT 130.54 459.10 Td (ADA, as borrower) Tj ET Q q 0 0 0 rg BT 204.29 459.10 Td (, and the Company) Tj ET Q q 0 0 0 rg BT 279.18 459.10 Td (, as guarantor) Tj ET Q q 0 0 0 rg BT 332.92 459.10 Td (, entered into the 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 500.38 459.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (with a bank \(the "Lender"\) for an aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.34 447.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.73 447.10 Td ( that was secured by certain amounts due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (Company from certain ) Tj ET Q q 0 0 0 rg BT 142.85 435.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.60 435.10 Td (inuum Group RC leases \(the "Line of Credit"\). ) Tj ET Q q 0 0 0 rg BT 337.94 435.10 Td (The Line of Credit was amended nine times from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (period from December 2, 2013 through November 25, 2016, most notably to extend the maturity date with each amendment. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (addition, during this period, the Lender also granted 10 waivers related to various transactions and obligations to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (financial information to the Lender) Tj ET Q q 0 0 0 rg BT 189.95 399.10 Td (. Covenants in the Line of Credit included a borrowing base limitation that was based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (percentage of the net present value of ) Tj ET Q q 0 0 0 rg BT 201.88 387.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 222.43 387.10 Td () Tj ET Q q 0 0 0 rg BT 225.21 387.10 Td (s portion of payments due to ) Tj ET Q q 0 0 0 rg BT 341.68 387.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.44 387.10 Td (inuum Group from the RC leases. ) Tj ET Q q 0 0 0 rg BT 484.74 387.10 Td (The Line of Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (also contained other af) Tj ET Q q 0 0 0 rg BT 140.62 375.10 Td (firmative and negative covenants and customary indemnification obligations of ) Tj ET Q q 0 0 0 rg BT 459.69 375.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 480.81 375.10 Td ( to the Lender and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (provided for the issuance of letters of credit provided that the aggregate amount of the letters of credit plus all advances then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (outstanding did not exceed the calculated borrowing base. ) Tj ET Q q 0 0 0 rg BT 284.47 351.10 Td (The Company guarantees the obligations and agreements of ) Tj ET Q q 0 0 0 rg BT 526.06 351.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 547.18 351.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (under the Line of Credit. ) Tj ET Q q 0 0 0 rg BT 151.08 339.10 Td (Amounts outstanding under the Line of Credit bear interest payable monthly at a rate per annum equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (to the higher of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.87 327.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.20 327.10 Td ( or the Prime Rate \(as defined in the Line of Credit\) plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.63 327.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.96 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.41 327.10 Td (As a result of various covenant violations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (the Company had no borrowing availability under the Line of Credit from inception through November 29, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (On November 30, 2016, ) Tj ET Q q 0 0 0 rg BT 148.88 298.10 Td (ADA, as borrower) Tj ET Q q 0 0 0 rg BT 222.62 298.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 280.58 298.10 Td (, as guarantor) Tj ET Q q 0 0 0 rg BT 334.32 298.10 Td (, and the Lender entered into the ) Tj ET Q q 0 0 0 rg BT 466.31 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 471.72 298.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 490.88 298.10 Td (Amendment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 147.76 286.10 Td (Agreement \(the "T) Tj ET Q q 0 0 0 rg BT 222.22 286.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 241.39 286.10 Td (Amendment"\). ) Tj ET Q q 0 0 0 rg BT 303.05 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.92 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 326.33 286.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 345.49 286.10 Td (Amendment increases the Line of Credit to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.72 286.10 Td ($15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 274.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 274.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.72 274.10 Td (, extends the maturity date of the Line of Credit to September 30, 2017, permits the Line of Credit to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (be used as collateral \(in place of restricted cash\) for letters of credit related to equipment projects, the Royalty ) Tj ET Q q 0 0 0 rg BT 491.49 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 497.80 262.10 Td (ward and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (certain other agreements, additionally secures the Line of Credit with amounts due to the Company from an additional existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Refined Coal facility lease, which amounts also now factor into the borrowing base limitation, and amends certain financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (covenants. Pursuant to the ) Tj ET Q q 0 0 0 rg BT 157.30 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.71 226.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 181.88 226.10 Td (Amendment, the Company was required to, among other things, pay a new origination fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 214.10 Td ( and associated legal preparation fees of the Lender) Tj ET Q q 0 0 0 rg BT 303.95 214.10 Td (, maintain a deposit account with the Lender with a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.86 202.10 Td ($6.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 202.10 Td ( initially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.80 202.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.69 202.10 Td ( after certain conditions are met, and maintain minimum trailing twelve month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 86.11 190.10 Td ( \(earnings before interest, taxes, depreciation and amortization as defined in the ) Tj ET Q q 0 0 0 rg BT 406.36 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 411.77 190.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 430.93 190.10 Td (Amendment\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.03 190.10 Td ($24.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.92 190.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 178.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 178.10 Td (, there were no outstanding amounts under the ) Tj ET Q q 0 0 0 rg BT 340.30 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 345.71 178.10 Td (enth ) Tj ET Q q 0 0 0 rg BT 364.87 178.10 Td (Amendment, nor were any amounts drawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (during 2016. However) Tj ET Q q 0 0 0 rg BT 139.86 166.10 Td (, due to outstanding letters of credits of) Tj ET Q q 0 0 0 rg BT 296.31 166.10 Td (fsetting the line, the Company's borrowing availability has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (reduced to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.42 154.10 Td ($13.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.32 154.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 154.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.06 154.10 Td (. ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (104) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 115.7421875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Letters of Cr) Tj ET Q q 0 0 0 rg BT 100.75 742.10 Td (edit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td (The Company has letters of credit \("LOC"\) with two financial institutions related to equipment projects, the Royalty ) Tj ET Q q 0 0 0 rg BT 517.50 725.10 Td (A) Tj ET Q q 0 0 0 rg BT 523.81 725.10 Td (ward and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (certain other agreements. ) Tj ET Q q 0 0 0 rg BT 153.10 713.10 Td (The following tables summarize the LOC outstanding and related collateral reported in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 701.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.60 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 632.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 632.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 632.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 632.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 632.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.60 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 602.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 602.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 602.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 602.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 602.60 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 677.6 m 298.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 677.6 m 302.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 677.6 m 364.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 677.6 m 368.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 677.6 m 430.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 677.6 m 434.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 677.6 m 496.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 677.6 m 500.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 677.6 m 562.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 632.6 m 232.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 632.6 m 298.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 677.6 m 364.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 632.6 m 364.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 632.6 m 430.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 632.6 m 496.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 632.6 m 562.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 632.6 m 496.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 632.6 m 562.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 587.6 m 298.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 573.6 m 298.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 571.6 m 298.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 587.6 m 364.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 573.6 m 364.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 571.6 m 364.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 587.6 m 430.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 573.6 m 430.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 571.6 m 430.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 587.6 m 496.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 573.6 m 496.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 571.6 m 496.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 587.6 m 562.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 573.6 m 562.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 571.6 m 562.5 571.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 681.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.95 681.83 Td (As of December 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 636.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.30 644.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.65 636.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.65 652.83 Td (Utilization of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 644.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.25 636.83 Td (A) Tj ET Q q 0 0 0 rg BT 318.43 636.83 Td (vailability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.75 636.83 Td (Restricted Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.85 644.83 Td (Restricted cash, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.10 636.83 Td (long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.85 660.83 Td (Investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 652.83 Td (securities, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.95 644.83 Td (r) Tj ET Q q 0 0 0 rg BT 507.36 644.83 Td (estricted, long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 636.83 Td (term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (Contract performance - equipment systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 622.27 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 622.27 Td (1,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 622.27 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 622.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 622.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.17 Td (Royalty award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 607.27 Td (7,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 607.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 607.27 Td (7,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 607.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 607.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 592.27 Td (6,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 592.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 592.27 Td (6,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 592.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 592.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 577.27 Td (Total LOC outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 577.27 Td (15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 577.27 Td (1,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 577.27 Td (13,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 577.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 577.27 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 499.60 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 499.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 499.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 499.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 499.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 499.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 469.60 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 469.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 469.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 469.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 469.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 469.60 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 544.6 m 297.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 544.6 m 301.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 544.6 m 363.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 544.6 m 367.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 544.6 m 429.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 544.6 m 433.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 544.6 m 495.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 544.6 m 499.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 544.6 m 561.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 499.6 m 232.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 499.6 m 297.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 544.6 m 363.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 499.6 m 363.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 499.6 m 429.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 499.6 m 495.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 499.6 m 561.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 499.6 m 495.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 499.6 m 561.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 454.6 m 297.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 440.6 m 297.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 438.6 m 297.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 454.6 m 363.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 440.6 m 363.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 438.6 m 363.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 454.6 m 429.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 440.6 m 429.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 438.6 m 429.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 454.6 m 495.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 440.6 m 495.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 438.6 m 495.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 454.6 m 561.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 440.6 m 561.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 438.6 m 561.5 438.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.45 548.83 Td (As of December 31, 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 503.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 511.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 503.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.65 519.83 Td (Utilization of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.30 511.83 Td (LOC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.25 503.83 Td (A) Tj ET Q q 0 0 0 rg BT 317.43 503.83 Td (vailability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 503.83 Td (Restricted Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.85 511.83 Td (Restricted cash, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.10 503.83 Td (long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.85 527.83 Td (Investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 519.83 Td (securities, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.95 511.83 Td (r) Tj ET Q q 0 0 0 rg BT 506.36 511.83 Td (estricted, long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.75 503.83 Td (term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 490.17 Td (Contract performance - equipment systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 489.27 Td (5,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 489.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 489.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 489.27 Td (4,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 489.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 475.17 Td (Royalty award) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 474.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 474.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 474.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 474.27 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 474.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 460.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 459.27 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 459.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 459.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 459.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 459.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 444.27 Td (Total LOC outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 444.27 Td (12,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 444.27 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 444.27 Td (10,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 444.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 444.27 Td (336) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Restricted balances may exceed the letters of credit outstanding due to interest income earned on the restricted assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (The following tables summarizes the expiration periods of the letters of credit based on the ultimate maturity date of the letters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of credit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.75 394.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.34 394.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.60 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 353.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 353.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 353.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 353.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 353.6 m 286.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 368.6 m 355.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 353.6 m 355.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 368.6 m 359.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 368.6 m 424.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 353.6 m 424.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 368.6 m 428.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 368.6 m 493.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 353.6 m 493.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 368.6 m 497.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 368.6 m 562.5 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 353.6 m 562.5 353.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 372.83 Td (Expiration of Letters of Cr) Tj ET Q q 0 0 0 rg BT 423.34 372.83 Td (edit as of December) Tj ET Q q 0 0 0 rg BT 490.50 372.83 Td ( 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 357.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 357.83 Td (Less than 1 year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.05 357.83 Td (1-3 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.05 357.83 Td (4-5 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.35 357.83 Td (After) Tj ET Q q 0 0 0 rg BT 525.41 357.83 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.27 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 343.27 Td (10,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 343.27 Td (4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 343.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 343.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 316.7669921875 m 239.9609375 316.7669921875 l s q 0 0 0 rg BT 50.00 318.10 Td (Performance Guarantee on Equipment Systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (In the normal course of business related to ) Tj ET Q q 0 0 0 rg BT 221.62 297.10 Td (ACI and DSI systems, the Company may guarantee certain performance thresholds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (during a discrete performance testing period that do not extend beyond six months from the initial test date, the commencement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (of which is determined by the customer) Tj ET Q q 0 0 0 rg BT 207.74 273.10 Td (. Performance thresholds include such matters as the achievement of a certain level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (mercury removal and other emissions based upon the injection of a specified quantity of a qualified activated carbon or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (chemical at a specified rate given other plant operating conditions, and availability of equipment and electric power usage. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (the event the equipment fails to perform as specified during the testing period, the Company may have an obligation to correct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (or replace the equipment. In the event the level of mercury removal is not achieved, the Company may have a make right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (obligation within the contract limits. During 2015, the Company began working to modify and correct two performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (guarantee issues related to EC systems that were installed during 2015. No revenue was recognized on these two contracts until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (the performance guarantees were resolved and contract obligations were substantially complete. During the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (2016, the Company passed performance testing on both systems and revenues on both systems were recognized. ) Tj ET Q q 0 0 0 rg BT 501.56 177.10 Td (As a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (the resolution of the performance guarantees, the Company incurred approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.71 165.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.60 165.10 Td ( of costs on the ) Tj ET Q q 0 0 0 rg BT 497.10 165.10 Td (ACI systems to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (pass the performance guarantees. ) Tj ET Q q 0 0 0 rg BT 184.66 153.10 Td (Additional performance guarantee claims, if incurred, would be included within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (Equipment sales cost of revenue line of the Consolidated Statements of Operations.) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (105) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 137.1240234375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 742.10 Td (chase Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (The Company does not have any future purchase obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.88 721.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.46 721.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 698.7669921875 m 98.427734375 698.7669921875 l s q 0 0 0 rg BT 50.00 700.10 Td (DOE ) Tj ET Q q 0 0 0 rg BT 72.87 700.10 Td (Audits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (Certain of the Company's completed and current contracts awarded by the DOE and related industry participants remain subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (to adjustments as a result of future government audits. ) Tj ET Q q 0 0 0 rg BT 269.21 667.10 Td (The Company's historical experience with these audits has not resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (in significant adverse adjustments to amounts previously received; however the audits for the years 2010 and later have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (been finalized.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 620.7669921875 m 166.6650390625 620.7669921875 l s q 0 0 0 rg BT 50.00 622.10 Td (Operating Lease Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.67 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (The Company leases of) Tj ET Q q 0 0 0 rg BT 143.96 601.10 Td (fice, warehouse and laboratory space in Highlands Ranch, Colorado under operating leases. ) Tj ET Q q 0 0 0 rg BT 512.45 601.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 589.10 Td (, the Company leased approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.43 589.10 Td (52,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.93 589.10 Td ( square feet under approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.04 589.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.04 589.10 Td ( leases. Original lease terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.65 577.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.65 577.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.42 577.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.42 577.10 Td ( years. Certain of these leases have options permitting renewals for additional periods. In addition to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (minimum fixed payments, a number of leases contain annual escalation clauses which are related to increases in the inflation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (index. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (In December 2016, the Company entered into a lease termination related to its leased of) Tj ET Q q 0 0 0 rg BT 401.08 532.10 Td (fice spaced, in which the Company paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.94 520.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 520.10 Td ( lease termination fee. ) Tj ET Q q 0 0 0 rg BT 196.44 520.10 Td (The lease termination is ef) Tj ET Q q 0 0 0 rg BT 302.33 520.10 Td (fective February 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (Also in December 2016, the Company entered into a new of) Tj ET Q q 0 0 0 rg BT 290.59 499.10 Td (fice lease in Highlands Ranch, Colorado ef) Tj ET Q q 0 0 0 rg BT 462.29 499.10 Td (fective February 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Annual minimum commitments under the leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.29 478.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 478.10 Td ( are as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.69 478.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 430.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 400.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 370.60 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 430.6 m 562.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 430.6 m 562.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 355.6 m 562.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 341.6 m 562.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 339.6 m 562.5 339.6 l s BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 433.78671875000003 m 142.83203125 433.78671875000003 l s q 0 0 0 rg BT 53.00 434.85 Td (Years Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.40 458.83 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.20 450.83 Td (Lease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.75 442.83 Td (Commitments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.10 434.83 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 421.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 420.27 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 406.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 405.27 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 391.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 390.27 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 376.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 375.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 360.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 345.27 Td (787) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (Rent expense incurred for the years ended are as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.08 320.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 275.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 275.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 275.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 275.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 296.6 m 414.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 296.6 m 418.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 296.6 m 488.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 296.6 m 492.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.6 m 562.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 275.6 m 340.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 275.6 m 414.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 488.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.6 m 562.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 275.6 m 562.5 275.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 300.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 300.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 279.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 279.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 279.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 279.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.17 Td (Rent expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 265.27 Td (847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 265.27 Td (1,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 265.27 Td (1,531) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 235.53505859375002 m 82.490234375 235.53505859375002 l s q 0 0 0 rg BT 50.00 237.10 Td (Note 15) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 235.53505859375002 m 243.90625 235.53505859375002 l s q 0 0 0 rg BT 82.49 237.10 Td ( - Defined Contributions Savings Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (The Company has an employee retirement plan \(the "401\(k\) Plan"\) that provides eligible employees of the Company an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (opportunity to accumulate retirement funds. ) Tj ET Q q 0 0 0 rg BT 228.10 208.10 Td (The Company makes discretionary matching contributions to the 401\(k\) Plan in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (the form of cash or historically in the form of its common stock. ) Tj ET Q q 0 0 0 rg BT 309.21 196.10 Td (The following table presents the amount the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (recognized as expense within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.67 184.10 Td (Payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 184.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.92 184.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.28 184.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 143.60 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 143.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 143.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 143.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 143.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 143.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 143.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 158.60000000000002 m 404.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 158.60000000000002 m 408.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 158.60000000000002 m 483.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 158.60000000000002 m 487.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 143.60000000000002 m 325.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 143.60000000000002 m 404.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 158.60000000000002 m 483.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 143.60000000000002 m 483.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 143.60000000000002 m 562.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 143.60000000000002 m 562.5 143.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 162.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 147.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 147.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.50 147.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 147.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.17 Td (401\(k\) employer expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 133.27 Td (173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 133.27 Td (439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 133.27 Td (509) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (Due to the Restructuring discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.20 112.10 Td (Note 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.14 112.10 Td (, there was a decrease in employer expense related to the 401\(k\) Plan for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.79 112.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 100.10 Td (.) Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 16) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 148.8818359375 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Income ) Tj ET Q q 0 0 0 rg BT 124.80 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 130.55 742.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (The provision for income taxes consists of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 680.75 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 680.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 680.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 680.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 680.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 680.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 680.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.75 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 650.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 650.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 650.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.75 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 620.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 620.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 620.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.75 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 590.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 590.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 590.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.75 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 560.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 560.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 560.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 695.75 m 407.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 695.75 m 411.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 695.75 m 484.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 695.75 m 488.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 695.75 m 562.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 680.75 m 330.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 680.75 m 407.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 695.75 m 484.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 680.75 m 484.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 695.75 m 562.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 680.75 m 562.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 635.75 m 407.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 620.75 m 407.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 635.75 m 484.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 620.75 m 484.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 635.75 m 562.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 620.75 m 562.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 575.75 m 407.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 575.75 m 484.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 575.75 m 562.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 560.75 m 407.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 546.75 m 407.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 544.75 m 407.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 560.75 m 484.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 546.75 m 484.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 544.75 m 484.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 560.75 m 562.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 544.75 m 562.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 531.75 m 407.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 529.75 m 407.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 531.75 m 484.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 529.75 m 484.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 531.75 m 562.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 529.75 m 562.5 529.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.05 699.98 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 685.00 Td (\(in thousands, except for rate\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 684.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 684.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 684.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.32 Td (Current portion of income tax expense \(benefit\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 656.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 655.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 655.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 655.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 641.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 640.42 Td (458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 640.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 640.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 625.42 Td (458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 625.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 625.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Deferred portion of income tax \(benefit\) expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 596.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.45 595.42 Td (\(61,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 595.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 595.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 581.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 580.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 580.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 580.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.45 565.42 Td (\(61,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 565.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.32 Td (Total income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.45 550.42 Td (\(60,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 550.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 550.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.32 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.95 535.42 Td (\(166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 535.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 535.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 535.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 535.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 510.25 Td ( reconciliation of expected federal income taxes on income from operations at statutory rates with the expense \(benefit\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.25 Td (income taxes is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 446.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 446.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 446.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 416.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 416.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 416.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 386.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 386.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 386.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 356.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 356.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 356.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.75 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 326.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 326.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 326.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 474.75 m 418.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 474.75 m 492.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 461.75 m 340.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 474.75 m 414.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 461.75 m 414.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 474.75 m 488.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 461.75 m 488.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 474.75 m 562.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 461.75 m 562.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 326.75 m 414.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 326.75 m 488.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 312.75 m 414.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 310.75 m 414.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 326.75 m 488.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 312.75 m 488.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 310.75 m 488.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 312.75 m 562.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 310.75 m 562.5 310.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 479.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 478.98 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 466.00 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 465.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 465.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 465.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.32 Td (Federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 451.42 Td (12,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 451.47 Td (\(10,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 451.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 451.42 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.32 Td (State income taxes, net of federal benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 436.42 Td (987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 436.47 Td (\(781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 436.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.32 Td (Disallowed compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 421.42 Td (721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.32 Td (Permanent differences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 406.42 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 406.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 406.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.32 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 391.47 Td (\(2,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 391.47 Td (\(38,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 391.47 Td (\(25,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.32 Td (Valuation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 376.47 Td (\(72,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 376.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 376.42 Td (50,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 376.42 Td (23,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.32 Td (Changes in state effective rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 361.47 Td (\(125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 361.47 Td (\(243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 361.42 Td (716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.32 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 346.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 346.42 Td (487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 346.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 331.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 331.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 331.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 331.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 331.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.32 Td (\(Benefit\) expense for the provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 316.47 Td (\(60,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 316.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 316.42 Td (296) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.25 Td (Deferred income taxes are provided for the ef) Tj ET Q q 0 0 0 rg BT 232.23 291.25 Td (fects of temporary dif) Tj ET Q q 0 0 0 rg BT 318.96 291.25 Td (ferences between the tax basis of an asset or liability and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td (reported amount in the accompanying Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 325.02 279.25 Td (These temporary dif) Tj ET Q q 0 0 0 rg BT 405.92 279.25 Td (ferences result in taxable or deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (amounts in future years. Details of the Company) Tj ET Q q 0 0 0 rg BT 247.18 267.25 Td (s deferred tax assets and liabilities are summarized as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.26 267.25 Td () Tj ET Q endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (107) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 722.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 722.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 692.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 692.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 662.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 662.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 662.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 662.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 632.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 632.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 632.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 632.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 632.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 602.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 602.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 572.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 572.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 572.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 572.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 572.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 542.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 542.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 542.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 542.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 542.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 512.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 512.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 512.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 482.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 482.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 482.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 482.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 735.5 m 487.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 735.5 m 491.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 735.5 m 561.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 722.5 m 413.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 722.5 m 487.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 572.5 m 487.5 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 572.5 m 561.5 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 542.5 m 487.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 542.5 m 561.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 527.5 m 487.5 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 527.5 m 561.5 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 497.5 m 487.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 482.5 m 487.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 497.5 m 561.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 482.5 m 561.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 468.5 m 487.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 466.5 m 487.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 466.5 m 561.5 466.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 739.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.95 739.73 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 726.75 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 726.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.00 726.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 713.07 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 698.07 Td (Settlement and Royalty Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 697.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 697.17 Td (4,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 697.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 697.17 Td (7,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 683.07 Td (Deferred revenues and loss contract provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 682.17 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 682.17 Td (2,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 668.07 Td (Employee related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 667.17 Td (3,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 667.17 Td (4,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 653.07 Td (Intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 652.17 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 652.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 638.07 Td (Equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 637.17 Td (12,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 637.17 Td (7,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 623.07 Td (Net operating loss carryforward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 622.17 Td (13,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 622.17 Td (23,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 608.07 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 607.17 Td (99,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 607.17 Td (97,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 593.07 Td (Deposits on contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 592.17 Td (1,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 578.07 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 577.17 Td (2,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 577.17 Td (2,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 563.07 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 562.17 Td (137,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 562.17 Td (148,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.07 Td (Less valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 547.22 Td (\(75,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 547.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 547.22 Td (\(148,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 547.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.07 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 532.17 Td (61,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 532.17 Td (209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 518.07 Td (Less: Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 503.07 Td (Property and equipment and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 502.22 Td (\(219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 502.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 502.22 Td (\(209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 502.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 488.07 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 487.22 Td (\(219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 487.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 487.22 Td (\(209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 487.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 473.07 Td (Net deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 472.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 472.17 Td (61,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 472.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 472.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.78 451.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.78 451.00 Td (, ) Tj ET Q q 0 0 0 rg BT 92.18 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.29 451.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 149.07 451.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 186.94 451.00 Td (an ) Tj ET Q q 0 0 0 rg BT 199.27 451.00 Td (income ) Tj ET Q q 0 0 0 rg BT 231.59 451.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 246.70 451.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 277.36 451.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.58 451.00 Td ($60.9 ) Tj ET Q q 0 0 0 rg BT 313.98 451.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.87 451.00 Td ( ) Tj ET Q q 0 0 0 rg BT 345.76 451.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 388.08 451.00 Td (to ) Tj ET Q q 0 0 0 rg BT 398.75 451.00 Td (an ) Tj ET Q q 0 0 0 rg BT 411.08 451.00 Td (income ) Tj ET Q q 0 0 0 rg BT 443.41 451.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 458.52 451.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 493.62 451.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.84 451.00 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.05 451.00 Td ( ) Tj ET Q q 0 0 0 rg BT 524.94 451.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.49 451.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.49 451.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.86 439.00 Td (income ) Tj ET Q q 0 0 0 rg BT 99.60 439.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.13 439.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 144.21 439.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.18 439.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.18 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 180.49 439.00 Td (was ) Tj ET Q q 0 0 0 rg BT 198.36 439.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 237.88 439.00 Td (due ) Tj ET Q q 0 0 0 rg BT 254.63 439.00 Td (to ) Tj ET Q q 0 0 0 rg BT 264.72 439.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.25 439.00 Td ($61.4 ) Tj ET Q q 0 0 0 rg BT 304.06 439.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.95 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 335.27 439.00 Td (reversal ) Tj ET Q q 0 0 0 rg BT 369.22 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 379.87 439.00 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 439.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.92 439.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 476.76 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.40 439.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.93 439.00 Td (Company) Tj ET Q q 0 0 0 rg BT 543.60 439.00 Td (s ) Tj ET Q q 0 0 0 rg BT 549.80 439.00 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.81 427.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.52 427.00 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 100.23 410.00 Td (for ) Tj ET Q q 0 0 0 rg BT 115.46 410.00 Td (income ) Tj ET Q q 0 0 0 rg BT 148.47 410.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 172.59 410.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 208.37 410.00 Td (that ) Tj ET Q q 0 0 0 rg BT 226.94 410.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 273.27 410.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 301.29 410.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 337.07 410.00 Td (a ) Tj ET Q q 0 0 0 rg BT 345.08 410.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 385.87 410.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 429.97 410.00 Td (should ) Tj ET Q q 0 0 0 rg BT 460.22 410.00 Td (be ) Tj ET Q q 0 0 0 rg BT 473.23 410.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 511.78 410.00 Td (against ) Tj ET Q q 0 0 0 rg BT 543.68 410.00 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 88.00 398.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.91 398.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 129.04 398.00 Td (based ) Tj ET Q q 0 0 0 rg BT 156.50 398.00 Td (on ) Tj ET Q q 0 0 0 rg BT 171.20 398.00 Td (an ) Tj ET Q q 0 0 0 rg BT 185.33 398.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 234.46 398.00 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.40 398.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 299.09 398.00 Td (of ) Tj ET Q q 0 0 0 rg BT 312.11 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.02 398.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 367.02 398.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.93 398.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 408.06 398.00 Td (that ) Tj ET Q q 0 0 0 rg BT 427.75 398.00 Td (is ) Tj ET Q q 0 0 0 rg BT 439.12 398.00 Td (more ) Tj ET Q q 0 0 0 rg BT 468.80 398.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 496.26 398.00 Td (than ) Tj ET Q q 0 0 0 rg BT 518.17 398.00 Td (not ) Tj ET Q q 0 0 0 rg BT 540.08 398.00 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 398.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.00 Td (realized.) Tj ET Q q 0 0 0 rg BT 86.46 386.00 Td (V) Tj ET Q q 0 0 0 rg BT 92.57 386.00 Td (aluation ) Tj ET Q q 0 0 0 rg BT 126.77 386.00 Td (allowances ) Tj ET Q q 0 0 0 rg BT 173.19 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 187.39 386.00 Td (established, ) Tj ET Q q 0 0 0 rg BT 236.31 386.00 Td (when ) Tj ET Q q 0 0 0 rg BT 259.96 386.00 Td (necessary) Tj ET Q q 0 0 0 rg BT 298.18 386.00 Td (, ) Tj ET Q q 0 0 0 rg BT 302.67 386.00 Td (to ) Tj ET Q q 0 0 0 rg BT 312.43 386.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 341.07 386.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 376.36 386.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.57 386.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.89 386.00 Td (to ) Tj ET Q q 0 0 0 rg BT 425.66 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 439.87 386.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 471.85 386.00 Td (that ) Tj ET Q q 0 0 0 rg BT 488.84 386.00 Td (is ) Tj ET Q q 0 0 0 rg BT 497.50 386.00 Td (more ) Tj ET Q q 0 0 0 rg BT 520.03 386.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 544.79 386.00 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.00 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 374.00 Td (to ) Tj ET Q q 0 0 0 rg BT 75.56 374.00 Td (be ) Tj ET Q q 0 0 0 rg BT 87.50 374.00 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 357.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.39 357.00 Td (assesses ) Tj ET Q q 0 0 0 rg BT 144.64 357.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.33 357.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 199.02 357.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 242.03 357.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 279.48 357.00 Td (against ) Tj ET Q q 0 0 0 rg BT 310.29 357.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 346.07 357.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 360.76 357.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.57 357.00 Td (at ) Tj ET Q q 0 0 0 rg BT 396.26 357.00 Td (each ) Tj ET Q q 0 0 0 rg BT 417.06 357.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 456.19 357.00 Td (date. ) Tj ET Q q 0 0 0 rg BT 477.64 357.00 Td (The ) Tj ET Q q 0 0 0 rg BT 495.66 357.00 Td (determination ) Tj ET Q q 0 0 0 rg BT 553.68 357.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.43 345.00 Td (a ) Tj ET Q q 0 0 0 rg BT 91.09 345.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 130.52 345.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 173.28 345.00 Td (for ) Tj ET Q q 0 0 0 rg BT 187.16 345.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 222.69 345.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 237.12 345.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 262.68 345.00 Td (is ) Tj ET Q q 0 0 0 rg BT 271.57 345.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 319.32 345.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 353.75 345.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.19 345.00 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 412.06 345.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.61 345.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 456.50 345.00 Td (and ) Tj ET Q q 0 0 0 rg BT 473.16 345.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 509.25 345.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 547.01 345.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.00 Td (can ) Tj ET Q q 0 0 0 rg BT 65.82 333.00 Td (be ) Tj ET Q q 0 0 0 rg BT 77.20 333.00 Td (objectively ) Tj ET Q q 0 0 0 rg BT 123.57 333.00 Td (verified. ) Tj ET Q q 0 0 0 rg BT 159.11 333.00 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 217.16 333.00 Td (must ) Tj ET Q q 0 0 0 rg BT 238.55 333.00 Td (be ) Tj ET Q q 0 0 0 rg BT 249.93 333.00 Td (given ) Tj ET Q q 0 0 0 rg BT 274.09 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.81 333.00 Td (all ) Tj ET Q q 0 0 0 rg BT 295.75 333.00 Td (sources ) Tj ET Q q 0 0 0 rg BT 327.69 333.00 Td (of ) Tj ET Q q 0 0 0 rg BT 337.96 333.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 368.77 333.00 Td (income ) Tj ET Q q 0 0 0 rg BT 400.15 333.00 Td (available ) Tj ET Q q 0 0 0 rg BT 438.18 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 447.91 333.00 Td (realize ) Tj ET Q q 0 0 0 rg BT 476.49 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 490.65 333.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 525.90 333.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 540.06 333.00 Td (asset, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (including, ) Tj ET Q q 0 0 0 rg BT 93.29 321.00 Td (as ) Tj ET Q q 0 0 0 rg BT 104.63 321.00 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 151.23 321.00 Td (the ) Tj ET Q q 0 0 0 rg BT 166.47 321.00 Td (future ) Tj ET Q q 0 0 0 rg BT 193.36 321.00 Td (reversal ) Tj ET Q q 0 0 0 rg BT 228.02 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.36 321.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 274.04 321.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 318.15 321.00 Td (dif) Tj ET Q q 0 0 0 rg BT 329.08 321.00 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 367.90 321.00 Td (future ) Tj ET Q q 0 0 0 rg BT 394.79 321.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 426.67 321.00 Td (income ) Tj ET Q q 0 0 0 rg BT 459.12 321.00 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 497.67 321.00 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 538.45 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 321.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.00 Td (reversal ) Tj ET Q q 0 0 0 rg BT 83.84 309.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.37 309.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 137.67 309.00 Td (dif) Tj ET Q q 0 0 0 rg BT 148.59 309.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 184.10 309.00 Td (and ) Tj ET Q q 0 0 0 rg BT 200.73 309.00 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 261.51 309.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 292.58 309.00 Td (income ) Tj ET Q q 0 0 0 rg BT 324.22 309.00 Td (in ) Tj ET Q q 0 0 0 rg BT 334.19 309.00 Td (carryback ) Tj ET Q q 0 0 0 rg BT 375.81 309.00 Td (years ) Tj ET Q q 0 0 0 rg BT 399.10 309.00 Td (and ) Tj ET Q q 0 0 0 rg BT 415.74 309.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.16 309.00 Td (planning ) Tj ET Q q 0 0 0 rg BT 467.35 309.00 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 509.81 309.00 Td (In ) Tj ET Q q 0 0 0 rg BT 520.34 309.00 Td (estimating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.00 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 76.42 297.00 Td (the ) Tj ET Q q 0 0 0 rg BT 92.01 297.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.28 297.00 Td (assesses ) Tj ET Q q 0 0 0 rg BT 170.43 297.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.02 297.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 219.37 297.00 Td (merits ) Tj ET Q q 0 0 0 rg BT 247.74 297.00 Td (and ) Tj ET Q q 0 0 0 rg BT 265.56 297.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 287.83 297.00 Td (of ) Tj ET Q q 0 0 0 rg BT 299.53 297.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.12 297.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 364.03 297.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 379.62 297.00 Td (treatment ) Tj ET Q q 0 0 0 rg BT 420.76 297.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.46 297.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 483.60 297.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 511.97 297.00 Td (into ) Tj ET Q q 0 0 0 rg BT 530.91 297.00 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (statutory) Tj ET Q q 0 0 0 rg BT 84.35 285.00 Td (, ) Tj ET Q q 0 0 0 rg BT 89.35 285.00 Td (judicial, ) Tj ET Q q 0 0 0 rg BT 124.34 285.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.27 285.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 184.87 285.00 Td (guidance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.64 268.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.62 268.00 Td (has ) Tj ET Q q 0 0 0 rg BT 124.05 268.00 Td (historically ) Tj ET Q q 0 0 0 rg BT 171.13 268.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 208.20 268.00 Td (a ) Tj ET Q q 0 0 0 rg BT 214.74 268.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 254.04 268.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 296.67 268.00 Td (for ) Tj ET Q q 0 0 0 rg BT 310.42 268.00 Td (all ) Tj ET Q q 0 0 0 rg BT 322.51 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 332.94 268.00 Td (its ) Tj ET Q q 0 0 0 rg BT 344.48 268.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 379.88 268.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.19 268.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 422.12 268.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 461.43 268.00 Td (due ) Tj ET Q q 0 0 0 rg BT 477.96 268.00 Td (to ) Tj ET Q q 0 0 0 rg BT 487.83 268.00 Td (its ) Tj ET Q q 0 0 0 rg BT 499.38 268.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 538.68 268.00 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.00 Td (year ) Tj ET Q q 0 0 0 rg BT 70.29 256.00 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 117.81 256.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 136.46 256.00 Td (position. ) Tj ET Q q 0 0 0 rg BT 174.27 256.00 Td (However) Tj ET Q q 0 0 0 rg BT 210.52 256.00 Td (, ) Tj ET Q q 0 0 0 rg BT 216.10 256.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.41 256.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.38 256.00 Td (concluded ) Tj ET Q q 0 0 0 rg BT 317.56 256.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 338.14 256.00 Td (as ) Tj ET Q q 0 0 0 rg BT 349.56 256.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.97 256.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 420.14 256.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.14 256.00 Td (, ) Tj ET Q q 0 0 0 rg BT 445.73 256.00 Td (it ) Tj ET Q q 0 0 0 rg BT 454.37 256.00 Td (is ) Tj ET Q q 0 0 0 rg BT 464.13 256.00 Td (more ) Tj ET Q q 0 0 0 rg BT 487.76 256.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 513.62 256.00 Td (than ) Tj ET Q q 0 0 0 rg BT 533.92 256.00 Td (not ) Tj ET Q q 0 0 0 rg BT 549.79 256.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.09 244.00 Td (will ) Tj ET Q q 0 0 0 rg BT 108.85 244.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 144.92 244.00 Td (suf) Tj ET Q q 0 0 0 rg BT 156.96 244.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 184.71 244.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 215.78 244.00 Td (income ) Tj ET Q q 0 0 0 rg BT 247.42 244.00 Td (within ) Tj ET Q q 0 0 0 rg BT 275.18 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.60 244.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 332.90 244.00 Td (NOL) Tj ET Q q 0 0 0 rg BT 353.08 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 355.28 244.00 Td (and ) Tj ET Q q 0 0 0 rg BT 371.93 244.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 386.35 244.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.32 244.00 Td (carry-forward ) Tj ET Q q 0 0 0 rg BT 469.04 244.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.68 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 510.66 244.00 Td (realize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 244.00 Td ($61.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 232.00 Td ( ) Tj ET Q q 0 0 0 rg BT 81.13 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.70 232.00 Td (its ) Tj ET Q q 0 0 0 rg BT 103.39 232.00 Td (net ) Tj ET Q q 0 0 0 rg BT 117.84 232.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 153.39 232.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 167.84 232.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.41 232.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 212.59 232.00 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 253.41 232.00 Td (reversed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.52 232.00 Td ($61.4 ) Tj ET Q q 0 0 0 rg BT 314.26 232.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 232.00 Td ( ) Tj ET Q q 0 0 0 rg BT 345.39 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 355.95 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.41 232.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 409.86 232.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 452.63 232.00 Td (after ) Tj ET Q q 0 0 0 rg BT 473.19 232.00 Td (utilizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.75 232.00 Td ($1) Tj ET Q q 0 0 0 rg BT 518.38 232.00 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 533.12 232.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.00 Td (during ) Tj ET Q q 0 0 0 rg BT 78.21 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 92.52 220.00 Td (current ) Tj ET Q q 0 0 0 rg BT 122.93 220.00 Td (year) Tj ET Q q 0 0 0 rg BT 139.59 220.00 Td (. ) Tj ET Q q 0 0 0 rg BT 144.03 220.00 Td (This ) Tj ET Q q 0 0 0 rg BT 163.91 220.00 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 209.33 220.00 Td (was ) Tj ET Q q 0 0 0 rg BT 226.98 220.00 Td (reached ) Tj ET Q q 0 0 0 rg BT 260.16 220.00 Td (after ) Tj ET Q q 0 0 0 rg BT 280.57 220.00 Td (weighing ) Tj ET Q q 0 0 0 rg BT 319.89 220.00 Td (all ) Tj ET Q q 0 0 0 rg BT 331.98 220.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.41 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 356.72 220.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 394.35 220.00 Td (and ) Tj ET Q q 0 0 0 rg BT 410.89 220.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 461.30 220.00 Td (that ) Tj ET Q q 0 0 0 rg BT 478.40 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.71 220.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 526.47 220.00 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.00 Td (outweighed ) Tj ET Q q 0 0 0 rg BT 100.02 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.60 208.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 152.83 208.00 Td (evidence. ) Tj ET Q q 0 0 0 rg BT 193.99 208.00 Td (The ) Tj ET Q q 0 0 0 rg BT 212.90 208.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 247.92 208.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 286.82 208.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 333.50 208.00 Td (by ) Tj ET Q q 0 0 0 rg BT 346.86 208.00 Td (management ) Tj ET Q q 0 0 0 rg BT 401.31 208.00 Td (in ) Tj ET Q q 0 0 0 rg BT 412.46 208.00 Td (arriving ) Tj ET Q q 0 0 0 rg BT 447.47 208.00 Td (at ) Tj ET Q q 0 0 0 rg BT 458.05 208.00 Td (its ) Tj ET Q q 0 0 0 rg BT 470.87 208.00 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 517.55 208.00 Td (to ) Tj ET Q q 0 0 0 rg BT 528.70 208.00 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (reverse ) Tj ET Q q 0 0 0 rg BT 81.97 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.28 196.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 137.59 196.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 181.23 196.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 217.65 196.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 247.96 196.00 Td (such ) Tj ET Q q 0 0 0 rg BT 269.39 196.00 Td (as: ) Tj ET Q q 0 0 0 rg BT 283.60 196.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 298.36 196.00 Td (emer) Tj ET Q q 0 0 0 rg BT 318.16 196.00 Td (gence ) Tj ET Q q 0 0 0 rg BT 344.58 196.00 Td (from ) Tj ET Q q 0 0 0 rg BT 367.11 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 196.00 Td (previous ) Tj ET Q q 0 0 0 rg BT 419.97 196.00 Td (three-year ) Tj ET Q q 0 0 0 rg BT 463.59 196.00 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 511.12 196.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 529.78 196.00 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.00 Td (during ) Tj ET Q q 0 0 0 rg BT 78.20 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 92.50 184.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 119.03 184.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 149.43 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 159.85 184.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.43 184.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 198.18 184.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 245.26 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 255.68 184.00 Td (four ) Tj ET Q q 0 0 0 rg BT 274.42 184.00 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 323.71 184.00 Td (quarters ) Tj ET Q q 0 0 0 rg BT 358.01 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 368.43 184.00 Td (profitability ) Tj ET Q q 0 0 0 rg BT 418.28 184.00 Td (and ) Tj ET Q q 0 0 0 rg BT 434.81 184.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 448.55 184.00 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 486.18 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 496.60 184.00 Td (continued ) Tj ET Q q 0 0 0 rg BT 538.12 184.00 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 97.12 172.00 Td (. ) Tj ET Q q 0 0 0 rg BT 102.49 172.00 Td (These ) Tj ET Q q 0 0 0 rg BT 129.47 172.00 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 168.10 172.00 Td (are ) Tj ET Q q 0 0 0 rg BT 183.40 172.00 Td (based ) Tj ET Q q 0 0 0 rg BT 209.27 172.00 Td (under ) Tj ET Q q 0 0 0 rg BT 235.14 172.00 Td (several ) Tj ET Q q 0 0 0 rg BT 266.55 172.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 304.64 172.00 Td (scenarios ) Tj ET Q q 0 0 0 rg BT 344.94 172.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 388.57 172.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 421.66 172.00 Td (from ) Tj ET Q q 0 0 0 rg BT 444.19 172.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 483.38 172.00 Td (contracted ) Tj ET Q q 0 0 0 rg BT 528.12 172.00 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.00 Td (within ) Tj ET Q q 0 0 0 rg BT 78.22 160.00 Td (the ) Tj ET Q q 0 0 0 rg BT 93.11 160.00 Td (RC ) Tj ET Q q 0 0 0 rg BT 109.12 160.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 145.11 160.00 Td (that ) Tj ET Q q 0 0 0 rg BT 162.77 160.00 Td (support ) Tj ET Q q 0 0 0 rg BT 195.44 160.00 Td (the ) Tj ET Q q 0 0 0 rg BT 210.32 160.00 Td (partial ) Tj ET Q q 0 0 0 rg BT 238.53 160.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 281.75 160.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 160.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 328.72 160.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.60 160.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.60 160.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 417.80 160.00 Td (to ) Tj ET Q q 0 0 0 rg BT 428.25 160.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 472.01 160.00 Td (dif) Tj ET Q q 0 0 0 rg BT 482.94 160.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 518.91 160.00 Td (that ) Tj ET Q q 0 0 0 rg BT 536.57 160.00 Td (do ) Tj ET Q q 0 0 0 rg BT 549.24 160.00 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 77.49 148.00 Td (and ) Tj ET Q q 0 0 0 rg BT 94.42 148.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 124.68 148.00 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 151.62 148.00 Td (and ) Tj ET Q q 0 0 0 rg BT 168.56 148.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 183.28 148.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 212.43 148.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 234.37 148.00 Td (to ) Tj ET Q q 0 0 0 rg BT 244.65 148.00 Td (their ) Tj ET Q q 0 0 0 rg BT 265.47 148.00 Td (expiration ) Tj ET Q q 0 0 0 rg BT 308.52 148.00 Td (between ) Tj ET Q q 0 0 0 rg BT 344.33 148.00 Td (2031 ) Tj ET Q q 0 0 0 rg BT 366.83 148.00 Td (through ) Tj ET Q q 0 0 0 rg BT 400.44 148.00 Td (2036. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.00 Td (As ) Tj ET Q q 0 0 0 rg BT 64.03 131.00 Td (a ) Tj ET Q q 0 0 0 rg BT 71.38 131.00 Td (result ) Tj ET Q q 0 0 0 rg BT 96.51 131.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.75 131.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.89 131.00 Td (partial ) Tj ET Q q 0 0 0 rg BT 151.34 131.00 Td (reversal, ) Tj ET Q q 0 0 0 rg BT 188.40 131.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.53 131.00 Td (Company) Tj ET Q q 0 0 0 rg BT 245.20 131.00 Td (s ) Tj ET Q q 0 0 0 rg BT 252.00 131.00 Td (net ) Tj ET Q q 0 0 0 rg BT 267.13 131.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 303.35 131.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.48 131.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.73 131.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.07 131.00 Td ($61.4 ) Tj ET Q q 0 0 0 rg BT 392.49 131.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.38 131.00 Td ( ) Tj ET Q q 0 0 0 rg BT 424.29 131.00 Td (as ) Tj ET Q q 0 0 0 rg BT 435.54 131.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.78 131.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 505.78 131.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.78 131.00 Td (, ) Tj ET Q q 0 0 0 rg BT 531.19 131.00 Td (net ) Tj ET Q q 0 0 0 rg BT 546.32 131.00 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 131.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.38 119.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 132.08 119.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.58 119.00 Td ($75.9 ) Tj ET Q q 0 0 0 rg BT 167.25 119.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.14 119.00 Td (. ) Tj ET Q q 0 0 0 rg BT 200.33 119.00 Td (As ) Tj ET Q q 0 0 0 rg BT 213.61 119.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 119.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.36 119.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.36 119.00 Td (, ) Tj ET Q q 0 0 0 rg BT 307.03 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.41 119.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.47 119.00 Td (had ) Tj ET Q q 0 0 0 rg BT 379.07 119.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 416.22 119.00 Td (a ) Tj ET Q q 0 0 0 rg BT 422.82 119.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 462.20 119.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 504.90 119.00 Td (against ) Tj ET Q q 0 0 0 rg BT 535.40 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 549.78 119.00 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.59 107.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.10 107.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 125.71 107.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.33 107.00 Td ($148.3 ) Tj ET Q q 0 0 0 rg BT 166.12 107.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.01 107.00 Td ( ) Tj ET Q q 0 0 0 rg BT 197.29 107.00 Td (to ) Tj ET Q q 0 0 0 rg BT 207.36 107.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 235.18 107.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.68 107.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 290.29 107.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 322.57 107.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.19 107.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 368.78 107.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.28 107.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.90 107.00 Td (that ) Tj ET Q q 0 0 0 rg BT 426.18 107.00 Td (may ) Tj ET Q q 0 0 0 rg BT 445.68 107.00 Td (not ) Tj ET Q q 0 0 0 rg BT 460.75 107.00 Td (be ) Tj ET Q q 0 0 0 rg BT 472.47 107.00 Td (realized. ) Tj ET Q q 0 0 0 rg BT 508.90 107.00 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 107.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 107.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 95.00 Td (Company) Tj ET Q q 0 0 0 rg BT 106.05 95.00 Td (s ) Tj ET Q q 0 0 0 rg BT 112.12 95.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 151.50 95.00 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.21 95.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.62 95.00 Td ( ) Tj ET Q q 0 0 0 rg BT 235.80 95.00 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.97 95.00 Td ($72.4 ) Tj ET Q q 0 0 0 rg BT 272.64 95.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.53 95.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.71 95.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 343.09 95.00 Td (due ) Tj ET Q q 0 0 0 rg BT 359.70 95.00 Td (to ) Tj ET Q q 0 0 0 rg BT 369.65 95.00 Td (the ) Tj ET Q q 0 0 0 rg BT 384.04 95.00 Td (partial ) Tj ET Q q 0 0 0 rg BT 411.76 95.00 Td (release ) Tj ET Q q 0 0 0 rg BT 441.68 95.00 Td (of ) Tj ET Q q 0 0 0 rg BT 452.19 95.00 Td (the ) Tj ET Q q 0 0 0 rg BT 466.58 95.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 510.97 95.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 548.12 95.00 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.71 83.00 Td (allowance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.00 Td (The following table presents the approximate amount of federal and state net operating loss carryforwards and federal tax credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.00 Td (carryforwards available to reduce future taxable income, along with the respective range of years that the net operating loss and ) Tj ET Q endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (tax credit carryforwards would expire if not utilized:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 689.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 689.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 689.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 689.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 689.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 689.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 689.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 659.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 659.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 659.60 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 716.6 m 396.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 716.6 m 400.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 716.6 m 479.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 716.6 m 483.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 716.6 m 562.5 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 689.6 m 322.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 689.6 m 396.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 689.6 m 479.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 689.6 m 562.5 689.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.95 720.83 Td (As of December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 694.05 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.00 693.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.60 701.83 Td (Beginning expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 693.83 Td (year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.45 701.83 Td (Ending expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.00 693.83 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.27 Td (Federal net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 679.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 679.27 Td (31,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 679.27 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 679.27 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.27 Td (State net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 664.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 664.27 Td (57,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 664.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 664.27 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.27 Td (Federal tax credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 649.27 Td (99,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 649.27 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 649.27 Td (2036) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (The following table sets forth a reconciliation of the beginning and ending unrecognized tax benefits on a gross basis for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.98 612.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 612.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 612.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 612.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 612.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 612.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 556.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 556.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 556.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 556.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 526.60 272.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 526.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 526.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 526.60 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 577.6 m 399.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 577.6 m 482.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 577.6 m 395.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 556.6 m 395.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 577.6 m 478.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 556.6 m 478.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 577.6 m 561.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 556.6 m 561.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 556.6 m 395.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 556.6 m 478.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 556.6 m 561.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 526.6 m 395.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 512.6 m 395.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 510.6 m 395.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 526.6 m 478.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 512.6 m 478.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 510.6 m 478.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 526.6 m 561.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 512.6 m 561.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 510.6 m 561.5 510.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 581.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.05 581.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 560.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.00 560.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.50 560.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 560.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 546.27 Td (Balance as of January 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 546.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 546.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 546.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 531.27 Td (Increases for tax positions of current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 531.27 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 531.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 531.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 516.27 Td (Balance as of December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 516.27 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 516.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 516.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (The Company did not record any adjustments or recognize interest expense for uncertain tax positions for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 479.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 479.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 479.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 479.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 479.10 Td (. Interest and penalties related to uncertain tax positions are accrued and included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 467.10 Td ( line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 467.10 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.32 467.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.77 467.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.67 467.10 Td (, the Company recognizes interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (related to tax treatment of RC facilities at ) Tj ET Q q 0 0 0 rg BT 218.09 455.10 Td (T) Tj ET Q q 0 0 0 rg BT 223.85 455.10 Td (inuum Group in the Interest expense line item in the Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 98.33 443.10 Td (Additional information related to these interest amounts is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.04 443.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 407.61 443.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.61 443.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (The Company files income tax returns in the U.S. and in various states. ) Tj ET Q q 0 0 0 rg BT 337.54 422.10 Td (The Company is no longer subject to U.S. federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (examinations by tax authorities for years before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 410.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 268.36 410.10 Td (The Company is generally no longer subject to State and local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (examinations by tax authorities for years before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 398.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 398.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 370.53505859375 m 82.490234375 370.53505859375 l s q 0 0 0 rg BT 50.00 372.10 Td (Note 17) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 370.53505859375 m 221.38671875 370.53505859375 l s q 0 0 0 rg BT 82.49 372.10 Td ( - Business Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (Operating segments are defined as components of an enterprise about which separate financial information is available that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (evaluated regularly by a company's chief operating decision maker \("CODM"\), or a decision making group, in deciding how to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (allocate resources and in assessing financial performance. ) Tj ET Q q 0 0 0 rg BT 283.24 324.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.68 324.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.26 324.10 Td (, the Company's CODM was the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (Company's CEO. ) Tj ET Q q 0 0 0 rg BT 121.90 312.10 Td (The Company's operating and reportable segments are or) Tj ET Q q 0 0 0 rg BT 349.83 312.10 Td (ganized by products and services provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (As of December 31, 2016, the Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.96 295.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.96 295.10 Td ( reportable segments: \(1\) Refined Coal \("RC"\); and \(2\) Emissions Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (\("EC"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (The business segment measurements provided to and evaluated by the CODM are computed in accordance with the principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (listed below: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 237.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 237.10 Td (The accounting policies of the operating segments are the same as those described in the summary of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 225.10 Td (accounting policies except as described below) Tj ET Q q 0 0 0 rg BT 270.00 225.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 208.10 Td (Segment revenue includes the Company's equity method earnings and losses from the Company's equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 196.10 Td (investments. Segment revenue also includes the Company's royalty earnings from ) Tj ET Q q 0 0 0 rg BT 415.20 196.10 Td (T) Tj ET Q q 0 0 0 rg BT 420.96 196.10 Td (inuum Group and income related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 184.10 Td (to sales-type leases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 167.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 167.10 Td (Segment operating income \(loss\) includes the Company's equity method earnings and losses from the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 155.10 Td (equity method investments, royalty earnings from ) Tj ET Q q 0 0 0 rg BT 287.32 155.10 Td (T) Tj ET Q q 0 0 0 rg BT 293.08 155.10 Td (inuum Group \(including depreciation and amortization expense\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 143.10 Td (and gains related to sales of equity method investments. However) Tj ET Q q 0 0 0 rg BT 347.91 143.10 Td (, segment operating income \(loss\) excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.14 143.10 Td (Payroll ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 131.10 Td (and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.19 131.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.19 131.10 Td (Rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.62 131.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.62 131.10 Td (Legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.30 131.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.24 131.10 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.53 131.10 Td ( \("Corporate general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 119.10 Td (and administrative expenses"\) unless otherwise specifically included, as the Company does not allocate those amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 107.10 Td (between segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 90.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 90.10 Td (All items not included in operating income, except as noted below) Tj ET Q q 0 0 0 rg BT 350.16 90.10 Td (, are excluded from the RC and EC segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 73.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 73.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 73.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.05 73.10 Td (, substantially all of the Company's material assets are located in the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (all significant customers are either U.S. companies or the U.S. Government. ) Tj ET Q q 0 0 0 rg BT 356.41 61.10 Td (The following table presents the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (operating segment results for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.55 49.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.13 49.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.13 49.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.13 49.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.57 49.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.57 49.10 Td (:) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 676.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 676.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 676.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 676.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 646.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 646.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 646.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 646.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 646.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 646.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.60 290.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 616.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 616.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 616.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 616.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 616.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 616.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 587.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 587.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 587.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 557.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 557.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 557.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 527.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 527.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 527.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 527.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.60 290.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 497.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 497.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 497.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 468.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 468.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 468.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 438.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 438.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 438.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 290.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 408.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 408.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 408.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 408.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 408.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 408.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 368.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 368.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 368.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 418.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 631.6 m 414.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 616.6 m 414.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 631.6 m 488.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 616.6 m 488.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 631.6 m 562.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 616.6 m 562.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 557.6 m 414.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 557.6 m 488.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 542.6 m 414.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 527.6 m 414.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 542.6 m 488.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 527.6 m 488.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 542.6 m 562.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 527.6 m 562.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 453.6 m 414.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 453.6 m 488.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 453.6 m 562.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 423.6 m 414.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 409.6 m 414.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 407.6 m 414.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 423.6 m 488.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 409.6 m 488.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 407.6 m 488.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 423.6 m 562.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 409.6 m 562.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 407.6 m 562.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 353.6 m 414.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 339.6 m 414.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 337.6 m 414.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 353.6 m 488.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 339.6 m 488.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 337.6 m 488.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 353.6 m 562.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 339.6 m 562.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 337.6 m 562.5 337.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 722.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 709.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 709.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.27 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 681.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 666.27 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 666.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 666.27 Td (45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 666.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 666.27 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 666.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 666.27 Td (42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 651.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 651.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 651.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 651.27 Td (665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 636.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 636.27 Td (6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 636.27 Td (10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 636.27 Td (6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 621.27 Td (51,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 621.27 Td (19,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 621.27 Td (49,787) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 607.28 Td (Emissions Contr) Tj ET Q q 0 0 0 rg BT 123.66 607.28 Td (ol:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 592.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 592.27 Td (46,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 592.27 Td (60,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 592.27 Td (12,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 577.27 Td (Chemicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 577.27 Td (3,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 577.27 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 577.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 562.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 562.27 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 562.27 Td (1,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 562.27 Td (3,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 547.27 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 547.27 Td (62,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 547.27 Td (16,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.27 Td (Total segment reporting revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 532.27 Td (102,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 532.27 Td (82,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 532.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 532.27 Td (66,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.27 Td (Adjustments to reconcile to reported revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 488.28 Td (Refined Coal:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 473.27 Td (Earnings in equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 473.32 Td (\(45,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 473.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 473.32 Td (\(8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 473.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 473.32 Td (\(42,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 473.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 458.27 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 458.32 Td (\(6,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 458.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 458.32 Td (\(10,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 458.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 458.32 Td (\(6,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 458.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 443.32 Td (\(51,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 443.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 443.32 Td (\(19,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 443.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 443.32 Td (\(49,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 443.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.27 Td (Total reported revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 413.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 413.27 Td (50,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 413.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 413.27 Td (62,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 413.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 413.27 Td (16,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.27 Td (Segment reporting operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 373.27 Td (Refined Coal ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 114.54 377.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 373.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 373.27 Td (51,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 373.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 373.27 Td (12,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 373.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 373.27 Td (42,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 358.27 Td (Emissions Control ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.67 362.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 358.27 Td (7,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 358.32 Td (\(7,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 358.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 358.32 Td (\(13,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 358.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.27 Td (Total segment operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 343.27 Td (58,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 343.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 343.27 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 316.30 Td (\(1\) Included within the RC segment operating income for the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.92 316.30 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.64 316.30 Td ( is a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.39 316.30 Td ($2.1 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.39 316.30 Td ( gain on the sale of RCM6 and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 305.50 Td (for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.97 305.50 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.69 305.50 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.19 305.50 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.19 305.50 Td (, 453A) Tj ET Q q 0 0 0 rg BT 251.19 305.50 Td ( interest expense of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.16 305.50 Td ($2.5 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.17 305.50 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.66 305.50 Td ($4.6 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.66 305.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 476.06 305.50 Td (, and interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 294.70 Td (related to the RCM6 note payable of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.71 294.70 Td ($0.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.71 294.70 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.21 294.70 Td ($2.5 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.21 294.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 336.61 294.70 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 283.90 Td (\(2\) Included within the EC segment operating income for the year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.41 283.90 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.14 283.90 Td ( is a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.89 283.90 Td ($0.9 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.89 283.90 Td ( gain related to a termination of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (a sales-type lease.) Tj ET Q endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 Td ( reconciliation of reportable segment income to the Company's consolidated net income is as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.81 742.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 705.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 705.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.60 290.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 675.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 675.60 70.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 675.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 675.60 70.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 675.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 675.60 70.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 638.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 638.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 638.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 608.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 608.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 608.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 578.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 578.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 578.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.60 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 548.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 548.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 548.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 718.6 m 414.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 718.6 m 418.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 718.6 m 492.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 718.6 m 488.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 718.6 m 562.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 705.6 m 340.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 705.6 m 414.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 705.6 m 488.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 533.6 m 414.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 533.6 m 488.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 533.6 m 562.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 519.6 m 414.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 517.6 m 414.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 533.6 m 488.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 519.6 m 488.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 517.6 m 488.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 533.6 m 562.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 519.6 m 562.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 517.6 m 562.5 517.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 722.83 Td (Years Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 709.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 709.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 709.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 709.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.27 Td (Segment income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 680.27 Td (Total reported segment operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 680.27 Td (58,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 680.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 680.27 Td (28,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.17 Td (Adjustments to reconcile to net income \(loss\) attributable to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.22 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 643.27 Td (Corporate payroll and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 643.32 Td (\(9,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 643.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 643.32 Td (\(14,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 643.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 643.32 Td (\(12,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 643.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 628.27 Td (Corporate rent and occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 628.32 Td (\(1,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 628.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 628.32 Td (\(707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 628.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 628.32 Td (\(694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 628.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 613.27 Td (Corporate legal and professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 613.32 Td (\(8,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 613.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 613.32 Td (\(15,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 613.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 613.32 Td (\(9,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 613.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 598.27 Td (Corporate general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 598.32 Td (\(3,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 598.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 598.32 Td (\(3,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 598.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 598.32 Td (\(3,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 598.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 583.27 Td (Corporate depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 583.32 Td (\(608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 583.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 583.32 Td (\(578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 583.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 583.32 Td (\(354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 583.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 568.27 Td (Corporate interest \(expense\) income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 568.32 Td (\(2,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 568.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 568.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 568.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 553.27 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 553.27 Td (3,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 553.27 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 553.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 538.27 Td (Income tax benefit \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 538.27 Td (60,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 538.32 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 538.32 Td (\(296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.27 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 523.27 Td (97,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 523.32 Td (\(30,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 523.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (Corporate general and administrative expenses include certain costs that benefit the business as a whole but are not directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (related to one of our segments. Such costs include but are not limited to accounting and human resources staf) Tj ET Q q 0 0 0 rg BT 486.65 486.10 Td (f, information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (systems costs, legal fees, facility costs, audit fees and corporate governance expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (Segment assets are as follows as of the dates presented: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 416.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 386.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.60 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 356.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 356.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 429.6 m 488.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 429.6 m 492.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 429.6 m 562.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 416.6 m 414.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 416.6 m 488.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 429.6 m 562.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 416.6 m 562.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 356.6 m 488.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 342.6 m 488.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 340.6 m 488.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 356.6 m 562.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 342.6 m 562.5 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 340.6 m 562.5 340.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.95 433.83 Td (As of December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 420.85 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.00 420.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 420.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 391.27 Td (Refined Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 391.27 Td (6,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 391.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 391.27 Td (19,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 376.27 Td (Emissions Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 376.27 Td (24,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 376.27 Td (31,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 361.27 Td (All Other and Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 361.27 Td (76,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 361.27 Td (9,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 346.27 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 346.27 Td (107,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 346.27 Td (60,775) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 314.53505859375 m 82.490234375 314.53505859375 l s q 0 0 0 rg BT 50.00 316.10 Td (Note 18) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 314.53505859375 m 167.4599609375 314.53505859375 l s q 0 0 0 rg BT 82.49 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 316.10 Td (- Major) Tj ET Q q 0 0 0 rg BT 118.86 316.10 Td ( Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (Revenues from unaf) Tj ET Q q 0 0 0 rg BT 130.90 299.10 Td (filiated customers who represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.64 299.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.97 299.10 Td ( or more of the Company) Tj ET Q q 0 0 0 rg BT 385.56 299.10 Td (s revenues in any one year were as follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.38 299.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 260.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 260.60 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 260.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 260.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 260.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 220.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 220.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 220.60 140.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 220.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 220.60 97.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 220.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 220.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 220.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 220.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 220.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 220.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 180.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 180.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 180.60 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 180.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 180.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 180.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 180.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 273.6 m 424.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 273.6 m 428.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 273.6 m 493.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 273.6 m 497.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 273.6 m 562.5 273.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.6 m 110.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 114.5 260.6 m 254.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 260.6 m 355.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 260.6 m 424.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 260.6 m 493.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.6 m 110.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 114.5 260.6 m 254.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 260.6 m 355.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 260.6 m 424.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 260.6 m 493.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 260.6 m 562.5 260.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.50 278.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 277.83 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.15 264.83 Td (Customer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.00 264.83 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 191.18 264.83 Td (T) Tj ET Q q 0 0 0 rg BT 195.93 264.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.60 264.83 Td (Segment\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 264.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 264.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 264.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 251.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 250.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.10 250.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 250.27 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 250.27 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 250.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.17 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 235.27 Td (Equipment sales, Consulting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 225.27 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.10 225.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 225.27 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 225.27 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 225.27 Td (37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 211.17 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 210.27 Td (Equipment sales, Consulting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 200.27 Td (services, Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.10 200.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 200.27 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 200.27 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 200.27 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 186.17 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 185.27 Td (Consulting services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.10 185.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 185.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 185.27 Td (11%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 185.27 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 171.17 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 170.27 Td (Equipment sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.10 170.27 Td (EC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 170.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 170.27 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.30 170.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 82.490234375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Note 19) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 82.490234375 740.68505859375 m 262.216796875 740.68505859375 l s q 0 0 0 rg BT 82.49 742.25 Td ( - Quarterly Financial Results \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Summarized quarterly results for the two years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 725.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.18 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.62 725.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.20 725.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 495.86 725.25 Td (, are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 675.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 675.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 675.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 675.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 675.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 675.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 675.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 635.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 635.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 635.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 635.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 635.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 605.75 204.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 605.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 605.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 605.75 20.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 605.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 605.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 605.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 605.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 605.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 565.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 565.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 565.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 565.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 565.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 565.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 565.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 535.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 535.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 535.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 535.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 535.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 535.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 535.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 505.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 505.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 505.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 505.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 505.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 505.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 505.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 505.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 505.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 475.75 204.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 475.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 475.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 475.75 20.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 475.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 475.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 475.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 475.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 475.75 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 435.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 435.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 435.75 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 435.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 435.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 435.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 435.75 69.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 696.75 m 326.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 696.75 m 346.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 696.75 m 415.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 696.75 m 419.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 696.75 m 488.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 696.75 m 492.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 696.75 m 561.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.75 m 253.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 696.75 m 326.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 675.75 m 326.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 696.75 m 415.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 675.75 m 415.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 696.75 m 488.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 675.75 m 488.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 696.75 m 561.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 675.75 m 561.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 675.75 m 253.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 675.75 m 326.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 675.75 m 415.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 675.75 m 488.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 675.75 m 561.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 620.75 m 326.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 620.75 m 415.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 620.75 m 488.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 620.75 m 561.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 620.75 m 415.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 620.75 m 488.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 620.75 m 561.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 550.75 m 326.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 550.75 m 415.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 550.75 m 488.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 550.75 m 561.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 550.75 m 415.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 550.75 m 488.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 550.75 m 561.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 520.75 m 326.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 506.75 m 326.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 504.75 m 326.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 520.75 m 415.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 506.75 m 415.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 504.75 m 415.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 520.75 m 488.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 506.75 m 488.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 504.75 m 488.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 520.75 m 561.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 506.75 m 561.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 504.75 m 561.5 504.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.45 700.98 Td (For the Quarter Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 680.00 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.25 687.98 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.50 679.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.10 687.98 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 679.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 679.98 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 679.98 Td (March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 665.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 665.42 Td (3,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 665.42 Td (15,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 665.42 Td (8,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 665.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 665.42 Td (22,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.42 Td (Cost of revenues, exclusive of operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 640.42 Td (expenses shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 640.42 Td (3,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 640.42 Td (13,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 640.42 Td (5,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 640.42 Td (17,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 625.42 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 625.42 Td (5,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 625.42 Td (5,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 625.42 Td (7,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 625.42 Td (8,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 610.42 Td (Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.80 610.47 Td (\(5,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 610.47 Td (\(2,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 610.47 Td (\(4,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 610.47 Td (\(3,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 585.42 Td (Earnings from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 585.42 Td (15,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 585.42 Td (10,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 585.42 Td (13,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 585.42 Td (5,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 570.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 570.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 570.42 Td (2,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 570.42 Td (669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 570.42 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 555.42 Td (Other income \(expenses\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 555.42 Td (1,698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 555.21 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 555.42 Td (309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 555.47 Td (\(1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 555.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 555.42 Td (974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 540.42 Td (Income before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 540.42 Td (14,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 540.42 Td (10,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 540.42 Td (7,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 540.42 Td (4,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 525.42 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.80 525.47 Td (\(61,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 525.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.00 525.21 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 525.42 Td (583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 525.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 525.42 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 510.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 510.42 Td (75,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 510.42 Td (9,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 510.42 Td (7,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 510.42 Td (4,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 495.42 Td (Earnings per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 495.42 Td (3.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 495.42 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 495.42 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 495.42 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.42 Td (Earnings per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 480.42 Td (3.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 480.42 Td (0.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 480.42 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 480.42 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 465.42 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 455.42 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 440.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 440.42 Td (21,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 440.42 Td (21,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 440.42 Td (21,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 440.42 Td (21,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.15 425.42 Td (22,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 425.42 Td (22,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 425.42 Td (22,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 425.42 Td (22,177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 405.45 Td (\(1\) During the fourth quarter of 2016, the Company revised its estimate for future Royalty ) Tj ET Q q 0 0 0 rg BT 376.42 405.45 Td (A) Tj ET Q q 0 0 0 rg BT 382.09 405.45 Td (ward payments based on an updated forecast ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 394.65 Td (provided to the Company from Carbon Solutions. Based primarily on the updated forecast, the Company recorded a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.65 394.65 Td ($4.0 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.65 394.65 Td ( reduction to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 383.85 Td (its Royalty ) Tj ET Q q 0 0 0 rg BT 91.01 383.85 Td (A) Tj ET Q q 0 0 0 rg BT 96.68 383.85 Td (ward accrual.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 368.05 Td (\(2\) During the fourth quarter of 2016, the Company released ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.18 368.05 Td ($61.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.69 368.05 Td ( of the valuation allowance related to the deferred tax assets that ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (resulted in an income tax benefit of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.70 357.25 Td ($61.7 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.21 357.25 Td (. See further discussion in Note 16. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 307.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 307.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 307.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 307.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 307.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 307.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 267.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 267.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 267.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 267.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 267.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 267.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 237.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 237.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 237.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 237.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 237.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 207.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 207.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 207.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 207.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 207.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 207.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 177.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 177.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 177.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 177.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 177.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 177.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 177.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 177.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 177.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 147.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 147.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 147.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 147.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 147.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 147.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 147.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 147.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 147.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 117.75 199.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 117.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 117.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 117.75 21.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 117.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 117.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 117.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 117.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 117.75 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 77.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 77.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 77.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 77.75 21.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 77.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 77.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 77.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 77.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 77.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 328.75 m 322.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 328.75 m 343.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 328.75 m 413.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 328.75 m 417.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 328.75 m 487.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 328.75 m 491.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 307.75 m 248.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 328.75 m 322.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 307.75 m 322.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 328.75 m 413.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 307.75 m 413.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 328.75 m 487.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 307.75 m 487.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 307.75 m 561.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 307.75 m 248.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 307.75 m 322.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 307.75 m 413.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 307.75 m 487.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 307.75 m 561.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 252.75 m 322.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 252.75 m 413.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 252.75 m 487.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 252.75 m 561.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 252.75 m 413.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 252.75 m 487.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 252.75 m 561.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 192.75 m 322.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 192.75 m 413.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 192.75 m 487.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 192.75 m 561.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 192.75 m 413.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 192.75 m 487.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 192.75 m 561.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 162.75 m 322.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 148.75 m 322.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 146.75 m 322.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 162.75 m 413.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 148.75 m 413.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 146.75 m 413.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 162.75 m 487.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 148.75 m 487.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 146.75 m 487.5 146.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 162.75 m 561.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 148.75 m 561.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 146.75 m 561.5 146.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.95 332.98 Td (For the Quarter Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 312.00 Td (\(in thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.75 319.98 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.00 311.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 319.98 Td (September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 311.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 311.98 Td (June 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 311.98 Td (March 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 297.42 Td ( Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 297.42 Td (13,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 297.42 Td (12,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 297.42 Td (14,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 297.42 Td (21,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 282.42 Td (Cost of revenues, exclusive of operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 272.42 Td (expenses shown below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 272.42 Td (7,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 272.42 Td (10,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 272.42 Td (14,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 272.42 Td (15,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 257.42 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 257.42 Td (13,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 257.42 Td (12,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 257.42 Td (18,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 257.42 Td (12,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 242.42 Td ( Operating loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.80 242.47 Td (\(7,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 242.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 242.47 Td (\(9,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 242.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 242.47 Td (\(17,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 242.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 242.47 Td (\(6,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 242.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.42 Td (Earnings \(loss\) from equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 227.42 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 227.47 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 227.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 227.42 Td (4,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 227.42 Td (314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 212.42 Td (Royalties, related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 212.42 Td (2,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 212.42 Td (3,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 212.42 Td (2,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 212.42 Td (2,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 197.42 Td (Other expenses, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.80 197.47 Td (\(2,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 197.47 Td (\(1,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 197.47 Td (\(1,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 197.47 Td (\(1,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 182.42 Td (Loss before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.80 182.47 Td (\(3,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 182.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 182.47 Td (\(8,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 182.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 182.47 Td (\(12,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 182.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 182.47 Td (\(6,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 182.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.42 Td ( Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.30 167.47 Td (\(131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 167.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 167.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 167.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 167.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 152.42 Td ( Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 152.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.80 152.47 Td (\(2,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 152.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 152.47 Td (\(8,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 152.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 152.47 Td (\(12,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 152.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 152.47 Td (\(6,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 137.42 Td (Loss per common share basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 137.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 137.47 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 137.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 137.47 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 137.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 137.47 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 137.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 137.47 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 122.42 Td (Loss per common share diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.80 122.47 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 122.47 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 122.47 Td (\(0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 122.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 122.47 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 122.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 107.42 Td (Weighted-average number of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 97.42 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 82.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 82.42 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 82.42 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 82.42 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 82.42 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 67.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 67.42 Td (21,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 67.42 Td (21,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 67.42 Td (21,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 67.42 Td (21,696) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9. Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 179.28 742.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 237.05 742.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 305.39 742.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 457.73 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Item9A. Contr) Tj ET Q q 0 0 0 rg BT 115.08 708.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 158.24 708.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.50 708.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 691.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 691.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 691.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 691.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.61 674.25 Td (required ) Tj ET Q q 0 0 0 rg BT 99.43 674.25 Td (by ) Tj ET Q /GS0 gs q 64.99 0 0 10.09 111.93 672.09 cm /I37 Do Q q 0 0 0 rg BT 176.91 674.25 Td (under ) Tj ET Q q 0 0 0 rg BT 202.18 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.90 674.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 258.83 674.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 300.21 674.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 317.14 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.97 674.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 352.97 674.25 Td (as ) Tj ET Q q 0 0 0 rg BT 363.80 674.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 402.40 674.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 420.44 674.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 466.25 674.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 493.46 674.25 Td (we ) Tj ET Q q 0 0 0 rg BT 507.62 674.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (evaluated, under the supervision of and with the participation of our management, including our principal executive of) Tj ET Q q 0 0 0 rg BT 523.56 662.25 Td (ficer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (principal financial of) Tj ET Q q 0 0 0 rg BT 133.67 650.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 151.59 650.25 Td (, the ef) Tj ET Q q 0 0 0 rg BT 178.89 650.25 Td (fectiveness of the design and operation of our disclosure controls and procedures \(as defined in ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 68.32 0 0 10.09 50.00 636.09 cm /I38 Do Q q 0 0 0 rg BT 118.32 638.25 Td (and ) Tj ET Q /GS0 gs q 43.60 0 0 10.09 135.25 636.09 cm /I39 Do Q q 0 0 0 rg BT 178.85 638.25 Td (under ) Tj ET Q q 0 0 0 rg BT 204.12 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.84 638.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 260.21 638.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 280.48 638.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.31 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.14 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.86 638.25 Td (end ) Tj ET Q q 0 0 0 rg BT 333.79 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.62 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.34 638.25 Td (period ) Tj ET Q q 0 0 0 rg BT 387.39 638.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 421.53 638.25 Td (by ) Tj ET Q q 0 0 0 rg BT 434.03 638.25 Td (this ) Tj ET Q q 0 0 0 rg BT 450.98 638.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 480.14 638.25 Td (report.Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports that we file or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (submit under the Exchange ) Tj ET Q q 0 0 0 rg BT 161.08 614.25 Td (Act is recorded, processed, summarized andreported, within the time periods specified in the SEC) Tj ET Q q 0 0 0 rg BT 557.92 614.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (rules and forms.Based upon this evaluation, our principal executive of) Tj ET Q q 0 0 0 rg BT 335.58 602.25 Td (ficer and principal financial of) Tj ET Q q 0 0 0 rg BT 457.00 602.25 Td (ficer concluded that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 220.59 590.25 Td (fective as of December31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 573.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 194.64 573.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (There ) Tj ET Q q 0 0 0 rg BT 75.82 556.25 Td (has ) Tj ET Q q 0 0 0 rg BT 91.65 556.25 Td (been ) Tj ET Q q 0 0 0 rg BT 113.02 556.25 Td (no ) Tj ET Q q 0 0 0 rg BT 125.52 556.25 Td (change ) Tj ET Q q 0 0 0 rg BT 156.34 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.62 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.45 556.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 215.49 556.25 Td (control ) Tj ET Q q 0 0 0 rg BT 246.31 556.25 Td (over ) Tj ET Q q 0 0 0 rg BT 266.58 556.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.06 556.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 343.22 556.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 357.38 556.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 389.86 556.25 Td (in ) Tj ET Q /GS0 gs q 67.21 0 0 10.09 400.14 554.09 cm /I40 Do Q q 0 0 0 rg BT 467.35 556.25 Td (and ) Tj ET Q /GS0 gs q 42.49 0 0 10.09 484.29 554.09 cm /I41 Do Q q 0 0 0 rg BT 526.78 556.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (the Exchange ) Tj ET Q q 0 0 0 rg BT 106.09 544.25 Td (Act\) during the fourth quarter of 2016 that has materially af) Tj ET Q q 0 0 0 rg BT 344.72 544.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 526.13 544.25 Td (fect, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (internal control over financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 515.25 Td (s Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 223.87 515.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 252.85 515.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.25 Td (Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (Rules13a-15\(f\)and 15d-15\(f\)under the Exchange ) Tj ET Q q 0 0 0 rg BT 254.65 486.25 Td (Act. Internal control over financial reporting is designed to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.25 Td (reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (external purposes in accordance with generally accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 368.57 462.25 Td (The Company's internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (reporting includes those policies and procedures that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 433.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 433.25 Td (Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 421.25 Td (dispositions of our assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 404.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 404.25 Td (Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 392.25 Td (in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 380.25 Td (being made only in accordance with authorizations of our management and directors; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 363.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 363.25 Td (Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 351.25 Td (of the Company) Tj ET Q q 0 0 0 rg BT 153.21 351.25 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 298.81 351.25 Td (fect on our financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 518.20 334.25 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 322.25 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (Under the supervision of, and with the participation of our management, including the principal executive of) Tj ET Q q 0 0 0 rg BT 483.86 293.25 Td (ficer and principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (financial of) Tj ET Q q 0 0 0 rg BT 95.63 281.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 113.54 281.25 Td (, we conducted an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 265.52 281.25 Td (fectiveness of our internal control over financial reporting based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (framework and criteria established in) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.33 269.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 259.01 269.25 Td (ol-Integrated Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 269.25 Td (in 2013, issued by the Committee of Sponsoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (Or) Tj ET Q q 0 0 0 rg BT 60.37 257.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 133.78 257.25 Td (T) Tj ET Q q 0 0 0 rg BT 139.54 257.25 Td (readway Commission.Based on this evaluation, our management concluded that our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 172.54 245.25 Td (fective as of December31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.85 Td (Remediation Efforts Related to Past Material ) Tj ET Q q 0 0 0 rg BT 245.88 222.85 Td (W) Tj ET Q q 0 0 0 rg BT 255.33 222.85 Td (eaknesses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.85 Td (As reported in Item 9A) Tj ET Q q 0 0 0 rg BT 142.20 205.85 Td ( of our ) Tj ET Q q 0 0 0 rg BT 170.81 205.85 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2015, various material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.85 Td (weaknesses existed in our control structure as of December 31, 2014 and December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 427.11 193.85 Td (As of December 31, 2016, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (have implemented the following remediation steps that have been deemed ef) Tj ET Q q 0 0 0 rg BT 356.38 181.85 Td (fective for the fiscal year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.85 Td (2016:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 152.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 152.85 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 152.85 Td (e have created and implemented accounting policies, procedures and related control activities to support the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 140.85 Td (financial reporting process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 123.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 123.85 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 123.85 Td (e have implemented communication processes designed to allow all personnel and third parties to understand and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 111.85 Td (carry out their internal control responsibilities. ) Tj ET Q q 0 0 0 rg BT 274.38 111.85 Td (W) Tj ET Q q 0 0 0 rg BT 283.02 111.85 Td (e assessed the completeness and accuracy of the data used in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 99.85 Td (execution of our controls to support the ef) Tj ET Q q 0 0 0 rg BT 253.83 99.85 Td (fective operation of the controls.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 82.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.85 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 82.85 Td (e performed an evaluation related to the design and ef) Tj ET Q q 0 0 0 rg BT 309.64 82.85 Td (fectiveness of all controls.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 701.10 Td (e have created and maintained ef) Tj ET Q q 0 0 0 rg BT 225.77 701.10 Td (fective information technology general controls to support automated controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 689.10 Td (IT) Tj ET Q q 0 0 0 rg BT 95.26 689.10 Td ( functionality related to logical access, and change management around all key financial applications and systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 672.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 672.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 672.10 Td (e have designed and implemented controls related to all key third parties providing IT) Tj ET Q q 0 0 0 rg BT 437.96 672.10 Td ( support services.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (During 2015 and 2016, we designed and implemented controls that remediated material weaknesses in our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (financial reporting identified as of December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 272.52 590.10 Td (These controls were in place for a suf) Tj ET Q q 0 0 0 rg BT 422.55 590.10 Td (ficient period of time to conclude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (on the ef) Tj ET Q q 0 0 0 rg BT 84.80 578.10 Td (fectiveness of the controls as of December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (Hein & ) Tj ET Q q 0 0 0 rg BT 81.67 561.10 Td (Associates LLP) Tj ET Q q 0 0 0 rg BT 143.60 561.10 Td (, an independent registered public accounting firm, has issued an attestation report on our internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (control over financial reporting as of December 31, 2016 and its report is included herein.) 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644.50 Td (and ) Tj ET Q q 0 0 0 rg BT 230.07 644.50 Td (Subsidiaries) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 607.30 Td (W) Tj ET Q q 0 0 0 rg BT 59.00 607.30 Td (e ) Tj ET Q q 0 0 0 rg BT 66.76 607.30 Td (have ) Tj ET Q q 0 0 0 rg BT 90.39 607.30 Td (audited ) Tj ET Q q 0 0 0 rg BT 125.01 607.30 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 172.47 607.30 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 220.57 607.30 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 267.76 607.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 287.43 607.30 Td (and ) Tj ET Q q 0 0 0 rg BT 306.18 607.30 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 360.97 607.30 Td ( ) Tj ET Q q 0 0 0 rg BT 363.84 607.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 400.31 607.30 Td (control ) Tj ET Q q 0 0 0 rg BT 434.34 607.30 Td (over ) Tj ET Q q 0 0 0 rg BT 456.76 607.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.11 607.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 541.30 607.30 Td (as ) Tj ET Q q 0 0 0 rg BT 553.33 607.30 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (December ) Tj ET Q q 0 0 0 rg BT 96.80 594.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 112.67 594.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 139.53 594.10 Td (based ) Tj ET Q q 0 0 0 rg BT 166.69 594.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.80 594.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 213.05 594.10 Td (established ) Tj ET Q q 0 0 0 rg BT 264.04 594.10 Td (in ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 274.71 594.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 312.26 594.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 337.53 594.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 348.20 594.10 Td (- ) Tj ET Q q 0 0 0 rg BT 353.97 594.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 401.90 594.10 Td (Framework) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.23 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.34 594.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 484.96 594.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.07 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.62 594.10 Td (Committee ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 580.90 Td (of ) Tj ET Q q 0 0 0 rg BT 64.19 580.90 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 119.84 580.90 Td (Or) Tj ET Q q 0 0 0 rg BT 131.25 580.90 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 186.88 580.90 Td (of ) Tj ET Q q 0 0 0 rg BT 201.57 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.14 580.90 Td (T) Tj ET Q q 0 0 0 rg BT 226.47 580.90 Td (readway ) Tj ET Q q 0 0 0 rg BT 269.26 580.90 Td (Commission ) Tj ET Q q 0 0 0 rg BT 330.41 580.90 Td (in ) Tj ET Q q 0 0 0 rg BT 344.50 580.90 Td (2013. ) Tj ET Q q 0 0 0 rg BT 373.56 580.90 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 423.68 580.90 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 474.44 580.90 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 524.29 580.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 546.62 580.90 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 567.70 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 104.29 567.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.05 567.70 Td (management ) Tj ET Q q 0 0 0 rg BT 166.02 567.70 Td (is ) Tj ET Q q 0 0 0 rg BT 176.12 567.70 Td (responsible ) Tj ET Q q 0 0 0 rg BT 228.99 567.70 Td (for ) Tj ET Q q 0 0 0 rg BT 244.59 567.70 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 299.90 567.70 Td (ef) Tj ET Q q 0 0 0 rg BT 308.25 567.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 340.94 567.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 377.30 567.70 Td (control ) Tj ET Q q 0 0 0 rg BT 411.22 567.70 Td (over ) Tj ET Q q 0 0 0 rg BT 433.54 567.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.78 567.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 517.87 567.70 Td (and ) Tj ET Q q 0 0 0 rg BT 536.52 567.70 Td (for ) Tj ET Q q 0 0 0 rg BT 552.12 567.70 Td (its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 100.10 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 110.99 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 126.14 554.50 Td (ef) Tj ET Q q 0 0 0 rg BT 134.49 554.50 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 185.08 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.96 554.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 231.28 554.50 Td (control ) Tj ET Q q 0 0 0 rg BT 264.16 554.50 Td (over ) Tj ET Q q 0 0 0 rg BT 285.42 554.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.62 554.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 367.66 554.50 Td (included ) Tj ET Q q 0 0 0 rg BT 407.26 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 417.53 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 432.69 554.50 Td (accompanying ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 498.55 554.50 Td (Management) Tj ET Q q 0 0 0 rg BT 558.23 554.50 Td (s ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 541.30 Td (Report ) Tj ET Q q 0 0 0 rg BT 82.48 541.30 Td (on ) Tj ET Q q 0 0 0 rg BT 96.53 541.30 Td (Internal ) Tj ET Q q 0 0 0 rg BT 135.01 541.30 Td (Contr) Tj ET Q q 0 0 0 rg BT 160.28 541.30 Td (ol ) Tj ET Q q 0 0 0 rg BT 171.88 541.30 Td (over ) Tj ET Q q 0 0 0 rg BT 194.47 541.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.29 541.30 Td (Reporting) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.28 541.30 Td (. ) Tj ET Q q 0 0 0 rg BT 290.08 541.30 Td ( ) Tj ET Q q 0 0 0 rg BT 293.12 541.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 313.27 541.30 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 376.21 541.30 Td (is ) Tj ET Q q 0 0 0 rg BT 386.59 541.30 Td (to ) Tj ET Q q 0 0 0 rg BT 398.19 541.30 Td (express ) Tj ET Q q 0 0 0 rg BT 434.23 541.30 Td (an ) Tj ET Q q 0 0 0 rg BT 447.65 541.30 Td (opinion ) Tj ET Q q 0 0 0 rg BT 484.31 541.30 Td (on ) Tj ET Q q 0 0 0 rg BT 498.36 541.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.84 541.30 Td (company) Tj ET Q q 0 0 0 rg BT 558.22 541.30 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 85.85 528.10 Td (control ) Tj ET Q q 0 0 0 rg BT 119.75 528.10 Td (over ) Tj ET Q q 0 0 0 rg BT 142.05 528.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.28 528.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 226.35 528.10 Td (based ) Tj ET Q q 0 0 0 rg BT 254.14 528.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.89 528.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.31 528.10 Td (audit. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 502.90 Td (W) Tj ET Q q 0 0 0 rg BT 59.00 502.90 Td (e ) Tj ET Q q 0 0 0 rg BT 66.14 502.90 Td (conducted ) Tj ET Q q 0 0 0 rg BT 113.59 502.90 Td (our ) Tj ET Q q 0 0 0 rg BT 130.51 502.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 154.75 502.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.56 502.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.27 502.90 Td (with ) Tj ET Q q 0 0 0 rg BT 239.08 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 254.77 502.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 298.57 502.90 Td (of ) Tj ET Q q 0 0 0 rg BT 309.98 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 325.67 502.90 Td (Public ) Tj ET Q q 0 0 0 rg BT 356.04 502.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 400.57 502.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 454.14 502.90 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 499.77 502.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 528.91 502.90 Td (\(United ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 489.70 Td (States\). ) Tj ET Q q 0 0 0 rg BT 85.69 489.70 Td (Those ) Tj ET Q q 0 0 0 rg BT 116.34 489.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 161.65 489.70 Td (require ) Tj ET Q q 0 0 0 rg BT 196.57 489.70 Td (that ) Tj ET Q q 0 0 0 rg BT 216.83 489.70 Td (we ) Tj ET Q q 0 0 0 rg BT 233.43 489.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 256.13 489.70 Td (and ) Tj ET Q q 0 0 0 rg BT 275.78 489.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 314.98 489.70 Td (the ) Tj ET Q q 0 0 0 rg BT 332.19 489.70 Td (audit ) Tj ET Q q 0 0 0 rg BT 357.95 489.70 Td (to ) Tj ET Q q 0 0 0 rg BT 370.28 489.70 Td (obtain ) Tj ET Q q 0 0 0 rg BT 401.54 489.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 452.34 489.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 498.86 489.70 Td (about ) Tj ET Q q 0 0 0 rg BT 527.07 489.70 Td (whether ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 476.50 Td (ef) Tj ET Q q 0 0 0 rg BT 57.85 476.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 89.99 476.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 125.82 476.50 Td (control ) Tj ET Q q 0 0 0 rg BT 159.20 476.50 Td (over ) Tj ET Q q 0 0 0 rg BT 180.97 476.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.67 476.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 264.22 476.50 Td (was ) Tj ET Q q 0 0 0 rg BT 283.55 476.50 Td (maintained ) Tj ET Q q 0 0 0 rg BT 334.65 476.50 Td (in ) Tj ET Q q 0 0 0 rg BT 345.43 476.50 Td (all ) Tj ET Q q 0 0 0 rg BT 358.65 476.50 Td (material ) Tj ET Q q 0 0 0 rg BT 396.91 476.50 Td (respects. ) Tj ET Q q 0 0 0 rg BT 437.31 476.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 456.64 476.50 Td (audit ) Tj ET Q q 0 0 0 rg BT 480.86 476.50 Td (included ) Tj ET Q q 0 0 0 rg BT 520.96 476.50 Td (obtaining ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 463.30 Td (an ) Tj ET Q q 0 0 0 rg BT 63.08 463.30 Td (understanding ) Tj ET Q q 0 0 0 rg BT 128.60 463.30 Td (of ) Tj ET Q q 0 0 0 rg BT 140.96 463.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.75 463.30 Td (control ) Tj ET Q q 0 0 0 rg BT 212.11 463.30 Td (over ) Tj ET Q q 0 0 0 rg BT 234.85 463.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.52 463.30 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 322.79 463.30 Td (assessing ) Tj ET Q q 0 0 0 rg BT 366.93 463.30 Td (the ) Tj ET Q q 0 0 0 rg BT 383.57 463.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 403.27 463.30 Td (that ) Tj ET Q q 0 0 0 rg BT 422.96 463.30 Td (a ) Tj ET Q q 0 0 0 rg BT 431.04 463.30 Td (material ) Tj ET Q q 0 0 0 rg BT 470.27 463.30 Td (weakness ) Tj ET Q q 0 0 0 rg BT 515.62 463.30 Td (exists, ) Tj ET Q q 0 0 0 rg BT 546.62 463.30 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 81.55 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.14 450.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 148.68 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.83 450.10 Td (design ) Tj ET Q q 0 0 0 rg BT 196.26 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.86 450.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.12 450.10 Td (ef) Tj ET Q q 0 0 0 rg BT 267.46 450.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 319.04 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.92 450.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 367.23 450.10 Td (control ) Tj ET Q q 0 0 0 rg BT 401.11 450.10 Td (based ) Tj ET Q q 0 0 0 rg BT 428.87 450.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.58 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.74 450.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 498.72 450.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 520.69 450.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 540.51 450.10 Td (audit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 436.90 Td (also ) Tj ET Q q 0 0 0 rg BT 69.74 436.90 Td (included ) Tj ET Q q 0 0 0 rg BT 110.14 436.90 Td (performing ) Tj ET Q q 0 0 0 rg BT 162.15 436.90 Td (such ) Tj ET Q q 0 0 0 rg BT 184.83 436.90 Td (other ) Tj ET Q q 0 0 0 rg BT 209.95 436.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 260.73 436.90 Td (as ) Tj ET Q q 0 0 0 rg BT 272.42 436.90 Td (we ) Tj ET Q q 0 0 0 rg BT 287.76 436.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 337.93 436.90 Td (necessary ) Tj ET Q q 0 0 0 rg BT 383.21 436.90 Td (in ) Tj ET Q q 0 0 0 rg BT 394.29 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 436.90 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 477.64 436.90 Td (W) Tj ET Q q 0 0 0 rg BT 487.14 436.90 Td (e ) Tj ET Q q 0 0 0 rg BT 494.55 436.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 528.83 436.90 Td (that ) Tj ET Q q 0 0 0 rg BT 547.84 436.90 Td (our ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 423.70 Td (audit ) Tj ET Q q 0 0 0 rg BT 74.24 423.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 114.88 423.70 Td (a ) Tj ET Q q 0 0 0 rg BT 122.51 423.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 172.29 423.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 197.04 423.70 Td (for ) Tj ET Q q 0 0 0 rg BT 212.61 423.70 Td (our ) Tj ET Q q 0 0 0 rg BT 230.03 423.70 Td (opinion. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (A) Tj ET Q q 0 0 0 rg BT 56.84 398.50 Td ( ) Tj ET Q q 0 0 0 rg BT 59.27 398.50 Td (company) Tj ET Q q 0 0 0 rg BT 102.65 398.50 Td (s ) Tj ET Q q 0 0 0 rg BT 109.36 398.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 145.39 398.50 Td (control ) Tj ET Q q 0 0 0 rg BT 178.99 398.50 Td (over ) Tj ET Q q 0 0 0 rg BT 200.97 398.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.88 398.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 284.64 398.50 Td (is ) Tj ET Q q 0 0 0 rg BT 294.41 398.50 Td (a ) Tj ET Q q 0 0 0 rg BT 301.72 398.50 Td (process ) Tj ET Q q 0 0 0 rg BT 337.15 398.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 378.68 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 389.67 398.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 425.71 398.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 475.17 398.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 520.36 398.50 Td (regarding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 385.30 Td (the ) Tj ET Q q 0 0 0 rg BT 66.27 385.30 Td (reliability ) Tj ET Q q 0 0 0 rg BT 112.37 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 124.87 385.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.68 385.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 210.33 385.30 Td (and ) Tj ET Q q 0 0 0 rg BT 229.55 385.30 Td (the ) Tj ET Q q 0 0 0 rg BT 246.32 385.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 299.74 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 312.23 385.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.04 385.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.81 385.30 Td (for ) Tj ET Q q 0 0 0 rg BT 419.97 385.30 Td (external ) Tj ET Q q 0 0 0 rg BT 458.72 385.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 501.16 385.30 Td (in ) Tj ET Q q 0 0 0 rg BT 513.05 385.30 Td (accordance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (with ) Tj ET Q q 0 0 0 rg BT 72.32 372.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 116.50 372.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 158.24 372.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 209.76 372.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 258.43 372.10 Td (A) Tj ET Q q 0 0 0 rg BT 265.77 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.03 372.10 Td (company) Tj ET Q q 0 0 0 rg BT 312.41 372.10 Td (s ) Tj ET Q q 0 0 0 rg BT 319.95 372.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 356.81 372.10 Td (control ) Tj ET Q q 0 0 0 rg BT 391.23 372.10 Td (over ) Tj ET Q q 0 0 0 rg BT 414.04 372.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 455.78 372.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 499.36 372.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 539.28 372.10 Td (those ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 358.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 86.58 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 105.34 358.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 156.46 358.90 Td (that ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 175.82 358.90 Td (\(a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.65 358.90 Td ( ) Tj ET Q q 0 0 0 rg BT 191.52 358.90 Td (pertain ) Tj ET Q q 0 0 0 rg BT 224.93 358.90 Td (to ) Tj ET Q q 0 0 0 rg BT 236.35 358.90 Td (the ) Tj ET Q q 0 0 0 rg BT 252.66 358.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 311.11 358.90 Td (of ) Tj ET Q q 0 0 0 rg BT 323.15 358.90 Td (records ) Tj ET Q q 0 0 0 rg BT 358.39 358.90 Td (that, ) Tj ET Q q 0 0 0 rg BT 380.50 358.90 Td (in ) Tj ET Q q 0 0 0 rg BT 391.93 358.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 441.83 358.90 Td (detail, ) Tj ET Q q 0 0 0 rg BT 471.88 358.90 Td (accurately ) Tj ET Q q 0 0 0 rg BT 519.93 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 538.69 358.90 Td (fairly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 345.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 79.52 345.70 Td (the ) Tj ET Q q 0 0 0 rg BT 94.90 345.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 149.38 345.70 Td (and ) Tj ET Q q 0 0 0 rg BT 167.20 345.70 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 221.70 345.70 Td (of ) Tj ET Q q 0 0 0 rg BT 232.80 345.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.18 345.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 275.78 345.70 Td (of ) Tj ET Q q 0 0 0 rg BT 286.88 345.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.25 345.70 Td (company; ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 347.57 345.70 Td (\(b\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.40 345.70 Td ( ) Tj ET Q q 0 0 0 rg BT 362.33 345.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 397.87 345.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 446.84 345.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 491.53 345.70 Td (that ) Tj ET Q q 0 0 0 rg BT 509.96 345.70 Td (transactions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 332.50 Td (are ) Tj ET Q q 0 0 0 rg BT 64.43 332.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 104.41 332.50 Td (as ) Tj ET Q q 0 0 0 rg BT 115.07 332.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 159.33 332.50 Td (to ) Tj ET Q q 0 0 0 rg BT 169.39 332.50 Td (permit ) Tj ET Q q 0 0 0 rg BT 199.60 332.50 Td (preparation ) Tj ET Q q 0 0 0 rg BT 251.19 332.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.86 332.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.84 332.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 349.77 332.50 Td (in ) Tj ET Q q 0 0 0 rg BT 359.83 332.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 410.79 332.50 Td (with ) Tj ET Q q 0 0 0 rg BT 431.85 332.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 474.27 332.50 Td (accepted ) Tj ET Q q 0 0 0 rg BT 514.24 332.50 Td (accounting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 319.30 Td (principles, ) Tj ET Q q 0 0 0 rg BT 98.39 319.30 Td (and ) Tj ET Q q 0 0 0 rg BT 117.03 319.30 Td (that ) Tj ET Q q 0 0 0 rg BT 136.29 319.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 173.25 319.30 Td (and ) Tj ET Q q 0 0 0 rg BT 191.89 319.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 250.86 319.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.78 319.30 Td (the ) Tj ET Q q 0 0 0 rg BT 278.98 319.30 Td (company ) Tj ET Q q 0 0 0 rg BT 322.06 319.30 Td (are ) Tj ET Q q 0 0 0 rg BT 338.25 319.30 Td (being ) Tj ET Q q 0 0 0 rg BT 365.45 319.30 Td (made ) Tj ET Q q 0 0 0 rg BT 392.03 319.30 Td (only ) Tj ET Q q 0 0 0 rg BT 414.35 319.30 Td (in ) Tj ET Q q 0 0 0 rg BT 425.66 319.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 477.88 319.30 Td (with ) Tj ET Q q 0 0 0 rg BT 500.20 319.30 Td (authorizations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.95 306.10 Td (management ) Tj ET Q q 0 0 0 rg BT 121.44 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.62 306.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 182.39 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.85 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.57 306.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 258.24 306.10 Td (and ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 277.42 306.10 Td (\(c\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 289.62 306.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.92 306.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 329.81 306.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 380.13 306.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 426.17 306.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 471.61 306.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 521.94 306.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.40 306.10 Td (timely ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 292.90 Td (detection ) Tj ET Q q 0 0 0 rg BT 92.51 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.37 292.90 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 164.49 292.90 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 218.21 292.90 Td (use, ) Tj ET Q q 0 0 0 rg BT 238.32 292.90 Td (or ) Tj ET Q q 0 0 0 rg BT 250.18 292.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 301.17 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 313.03 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Td (internal ) Tj ET Q q 0 0 0 rg BT 241.70 254.50 Td (control ) Tj ET Q q 0 0 0 rg BT 275.61 254.50 Td (over ) Tj ET Q q 0 0 0 rg BT 297.92 254.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.15 254.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 382.23 254.50 Td (may ) Tj ET Q q 0 0 0 rg BT 403.93 254.50 Td (not ) Tj ET Q q 0 0 0 rg BT 420.74 254.50 Td (prevent ) Tj ET Q q 0 0 0 rg BT 456.48 254.50 Td (or ) Tj ET Q q 0 0 0 rg BT 468.41 254.50 Td (detect ) Tj ET Q q 0 0 0 rg BT 497.42 254.50 Td (misstatements. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 241.30 Td (Also, ) Tj ET Q q 0 0 0 rg BT 75.70 241.30 Td (projections ) Tj ET Q q 0 0 0 rg BT 127.24 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 139.07 241.30 Td (any ) Tj ET Q q 0 0 0 rg BT 157.62 241.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 206.10 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.93 241.30 Td (ef) Tj ET Q q 0 0 0 rg BT 226.28 241.30 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 277.81 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 289.04 241.30 Td 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 201.70 Td () Tj ET Q endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 745.50 Td (Board of Directors and Stockholders) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 732.30 Td (Advanced Emissions Solutions, Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 33.60 Td (15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 691.90 Td (In ) Tj ET Q q 0 0 0 rg BT 62.32 691.90 Td (our ) Tj ET Q q 0 0 0 rg BT 80.64 691.90 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 119.85 691.90 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 168.10 691.90 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 216.99 691.90 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 264.97 691.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 285.42 691.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.96 691.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 360.55 691.90 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 415.83 691.90 Td (in ) Tj ET Q q 0 0 0 rg BT 428.05 691.90 Td (all ) Tj ET Q q 0 0 0 rg BT 442.70 691.90 Td (material ) Tj ET Q q 0 0 0 rg BT 482.39 691.90 Td (respects, ) Tj ET Q q 0 0 0 rg BT 524.23 691.90 Td (ef) Tj ET Q q 0 0 0 rg BT 532.57 691.90 Td (fective ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 678.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 86.06 678.70 Td (control ) Tj ET Q q 0 0 0 rg BT 120.18 678.70 Td (over ) Tj ET Q q 0 0 0 rg BT 142.68 678.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 184.12 678.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 227.40 678.70 Td (as ) Tj ET Q q 0 0 0 rg BT 239.53 678.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.65 678.70 Td (December ) Tj ET Q q 0 0 0 rg BT 299.80 678.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 316.52 678.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 344.23 678.70 Td (based ) Tj ET Q q 0 0 0 rg BT 372.23 678.70 Td (on ) Tj ET Q q 0 0 0 rg BT 386.19 678.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 420.30 678.70 Td (established ) Tj ET Q q 0 0 0 rg BT 472.13 678.70 Td (in ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 483.65 678.70 Td (Internal ) Tj ET Q q 0 0 0 rg BT 522.05 678.70 Td (Contr) Tj ET Q q 0 0 0 rg BT 547.32 678.70 Td (ol ) Tj ET Q q 0 0 0 rg BT 558.83 678.70 Td (- ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 665.50 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 98.07 665.50 Td (Framework) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 149.40 665.50 Td ( ) Tj ET Q q 0 0 0 rg BT 152.15 665.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 182.40 665.50 Td (by ) Tj ET Q q 0 0 0 rg BT 196.15 665.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.34 665.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 263.97 665.50 Td (of ) Tj ET Q q 0 0 0 rg BT 275.88 665.50 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 328.75 665.50 Td (Or) Tj ET Q q 0 0 0 rg BT 340.16 665.50 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 393.00 665.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.92 665.50 Td (the ) Tj ET Q q 0 0 0 rg BT 420.91 665.50 Td (T) Tj ET Q q 0 0 0 rg BT 427.24 665.50 Td (readway ) Tj ET Q q 0 0 0 rg BT 467.24 665.50 Td (Commission ) Tj ET Q q 0 0 0 rg BT 525.62 665.50 Td (in ) Tj ET Q q 0 0 0 rg BT 536.92 665.50 Td (2013. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 640.30 Td (W) Tj ET Q q 0 0 0 rg BT 59.00 640.30 Td (e ) Tj ET Q q 0 0 0 rg BT 66.66 640.30 Td (have ) Tj ET Q q 0 0 0 rg BT 90.20 640.30 Td (also ) Tj ET Q q 0 0 0 rg BT 110.69 640.30 Td (audited, ) Tj ET Q q 0 0 0 rg BT 148.59 640.30 Td (in ) Tj ET Q q 0 0 0 rg BT 159.92 640.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 212.15 640.30 Td (with ) Tj ET Q q 0 0 0 rg BT 234.48 640.30 Td (the ) Tj ET Q q 0 0 0 rg BT 250.70 640.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 295.02 640.30 Td (of ) Tj ET Q q 0 0 0 rg BT 306.96 640.30 Td (the ) Tj ET Q q 0 0 0 rg BT 323.17 640.30 Td (Public ) Tj ET Q q 0 0 0 rg BT 354.05 640.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.99 640.30 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 453.09 640.30 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 499.24 640.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 528.90 640.30 Td (\(United ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (States\), ) Tj ET Q q 0 0 0 rg BT 85.28 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.80 627.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.48 627.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 197.16 627.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 227.13 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.69 627.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 286.37 627.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 334.69 627.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 382.09 627.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 401.98 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.94 627.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 475.97 627.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.22 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.47 627.10 Td (December ) Tj ET Q q 0 0 0 rg BT 548.75 627.10 Td (31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 613.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 73.93 613.90 Td (and ) Tj ET Q q 0 0 0 rg BT 92.25 613.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 119.44 613.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.75 613.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.63 613.90 Td (related ) Tj ET Q q 0 0 0 rg BT 185.98 613.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 244.01 613.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.88 613.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.48 613.90 Td (operations, ) Tj ET Q q 0 0 0 rg BT 355.48 613.90 Td (stockholders) Tj ET Q q 0 0 0 rg BT 413.93 613.90 Td ( ) Tj ET Q q 0 0 0 rg BT 416.37 613.90 Td (equity) Tj ET Q q 0 0 0 rg BT 443.15 613.90 Td (, ) Tj ET Q q 0 0 0 rg BT 448.33 613.90 Td (and ) Tj ET Q q 0 0 0 rg BT 466.65 613.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.63 613.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 515.51 613.90 Td (for ) Tj ET Q q 0 0 0 rg BT 530.77 613.90 Td (each ) Tj ET Q q 0 0 0 rg BT 553.35 613.90 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 600.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.46 600.70 Td (three ) Tj ET Q q 0 0 0 rg BT 89.97 600.70 Td (years ) Tj ET Q q 0 0 0 rg BT 115.70 600.70 Td (in ) Tj ET Q q 0 0 0 rg BT 126.77 600.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.74 600.70 Td (period ) Tj ET Q q 0 0 0 rg BT 173.36 600.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.15 600.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 266.36 600.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 290.88 600.70 Td (and ) Tj ET Q q 0 0 0 rg BT 309.29 600.70 Td (our ) Tj ET Q q 0 0 0 rg BT 326.47 600.70 Td (report ) Tj ET Q q 0 0 0 rg BT 355.26 600.70 Td (dated ) Tj ET Q q 0 0 0 rg BT 381.60 600.70 Td (March ) Tj ET Q q 0 0 0 rg BT 412.83 600.70 Td (13, ) Tj ET Q q 0 0 0 rg BT 429.10 600.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 453.63 600.70 Td (expressed ) Tj ET Q q 0 0 0 rg BT 499.52 600.70 Td (an ) Tj ET Q q 0 0 0 rg BT 512.42 600.70 Td (unqualified ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 587.50 Td (opinion.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 550.30 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 62.64 550.30 Td (Hein ) Tj ET Q q 0 0 0 rg BT 86.78 550.30 Td (& ) Tj ET Q q 0 0 0 rg BT 97.47 550.30 Td (Associates ) Tj ET Q q 0 0 0 rg BT 147.27 550.30 Td (LLP) Tj ET Q q 0 0 0 rg BT 166.42 550.30 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 525.10 Td (Denver) Tj ET Q q 0 0 0 rg BT 81.43 525.10 Td (, ) Tj ET Q q 0 0 0 rg BT 86.93 525.10 Td (Colorado) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 511.90 Td (March13, ) Tj ET Q q 0 0 0 rg BT 97.46 511.90 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.46 511.90 Td ( ) Tj ET Q endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9B. Other) Tj ET Q q 0 0 0 rg BT 114.53 742.25 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (None.) Tj ET Q endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 712.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 712.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 712.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (Item10. Dir) Tj ET Q q 0 0 0 rg BT 101.75 695.25 Td (ectors, Executive Officers, and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 678.25 Td (The information required by this Item concerning the Company) Tj ET Q q 0 0 0 rg BT 307.15 678.25 Td (s Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 408.60 678.25 Td (ficers, and corporate governance is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 666.25 Td (incorporated by reference to the information provided under the captions "Proposal 1 - Election of Directors," "Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 654.25 Td (about Executive Of) Tj ET Q q 0 0 0 rg BT 127.57 654.25 Td (ficers," and "Corporate Governance" in our definitive proxy statement for the2017annual meeting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.25 Td (stockholders to be filed within 120 days from December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (The information required by this Item concerning compliance with Section 16\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 484.58 625.25 Td (Act of 1934 is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (incorporated by reference to the information provided under the caption "Section 16\(a\) Beneficial Ownership Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (Compliance" in our definitive proxy statement for the2017annual meeting of stockholders to be filed within 120 days from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (December 31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 568.25 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions "Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Compensation" and "Director Compensation" in our definitive proxy statement for the2017annual meeting of stockholders to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (be filed within 120 days from December 31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (Item12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 484.51 494.25 Td ( Matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (The information required by this Item concerning security ownership of certain beneficial owners and management is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (incorporated by reference to the information provided under the caption "Security Ownership of Certain Beneficial Owners and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (Management" in our definitive proxy statement for the2017annual meeting of stockholders to be filed within 120 days from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (December 31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (Item13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 236.76 405.25 Td (T) Tj ET Q q 0 0 0 rg BT 242.69 405.25 Td (ransactions and Dir) Tj ET Q q 0 0 0 rg BT 326.96 405.25 Td (ector) Tj ET Q q 0 0 0 rg BT 348.43 405.25 Td ( Independence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions "Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Relationships and Related ) Tj ET Q q 0 0 0 rg BT 156.74 376.25 Td (T) Tj ET Q q 0 0 0 rg BT 162.50 376.25 Td (ransactions" and "Corporate Governance" in our definitive proxy statement for the2017annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (meeting of stockholders to be filed within 120 days from December 31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (Item14. Principal ) Tj ET Q q 0 0 0 rg BT 128.88 335.25 Td (Accountant Fees and Services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (The information required by this Item is incorporated by reference to the information provided under the captions "Independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (Registered Public ) Tj ET Q q 0 0 0 rg BT 122.77 306.25 Td (Accounting Firm" and "Audit Committee Preapproval Policy and Procedures" in our definitive proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (statement for the2017annual meeting of stockholders to be filed within 120 days from December 31, 2016.) Tj ET Q endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item15. Exhibits and Financial Statement Schedules.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 725.25 Td (The following consolidated financial statements of ) Tj ET Q q 0 0 0 rg BT 281.95 725.25 Td (Advanced Emissions Solutions, Inc., are filed as part of this Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 713.25 Td (under Item 8:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 696.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.00 696.25 Td (Financial Statements see Index to Consolidated Financial Statements in Item 8;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 679.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 104.00 679.25 Td (Financial Statement Schedules ) Tj ET Q q 0 0 0 rg BT 236.20 679.25 Td (All schedules are omitted because the required information is not applicable or is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 667.25 Td (not present in amounts suf) Tj ET Q q 0 0 0 rg BT 209.36 667.25 Td (ficient to require submission of the schedule or because the information required is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 655.25 Td (included in the Consolidated Financial Statements and Notes thereto; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 638.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 104.00 638.25 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 147.15 638.25 Td (Those exhibits required by Item 601 of Regulation S-K and by paragraph \(b\) below) Tj ET Q q 0 0 0 rg BT 480.59 638.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 621.25 Td (The following exhibits are filed as part of this Report or) Tj ET Q q 0 0 0 rg BT 300.43 621.25 Td (, where indicated, were heretofore filed and are hereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 609.25 Td (incorporated by reference:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 564.75 m 83.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 564.75 m 87.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 87.5 564.75 m 315.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 564.75 m 319.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 564.75 m 352.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 564.75 m 356.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 564.75 m 412.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 564.75 m 416.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 564.75 m 470.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 564.75 m 474.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 564.75 m 561.5 564.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 576.98 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.10 568.98 Td (No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.20 568.98 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.90 568.98 Td (Form) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.65 568.98 Td (File No.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 584.98 Td (Incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 576.98 Td (by Reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 568.98 Td ( Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.50 568.98 Td (Filing Date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 556.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.50 556.01 Td (Second ) Tj ET Q q 0 0 0 rg BT 122.75 556.01 Td (Amended and Restated Certificate of Incorporation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.25 547.01 Td (of ) Tj ET Q q 0 0 0 rg BT 140.50 547.01 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 556.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 556.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 556.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 556.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 533.01 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.60 533.01 Td (Bylaws of ) Tj ET Q q 0 0 0 rg BT 155.10 533.01 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 533.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 533.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 533.01 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 533.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 519.01 Td (3.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.60 519.01 Td (Amendment #1 to the Bylaws of ) Tj ET Q q 0 0 0 rg BT 222.59 519.01 Td (Advanced Emissions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.60 510.01 Td (Solutions, Inc., dated as of July 23, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 519.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 519.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 519.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.10 519.01 Td (July 29, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 496.01 Td (3.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.10 496.01 Td (Amendment No. 2 to the Bylaws of ) Tj ET Q q 0 0 0 rg BT 228.09 496.01 Td (Advanced Emissions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.35 487.01 Td (Solutions, Inc., dated as of January 4, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 496.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 496.01 Td (001-37822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 496.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.60 496.01 Td (January 10, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 473.01 Td (3.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.40 473.01 Td (Certificate of Designation, Preferences, and Rights of Series ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 108.25 464.01 Td (A) Tj ET Q q 0 0 0 rg BT 114.25 464.01 Td ( Junior Participating Preferred Stock of ) Tj ET Q q 0 0 0 rg BT 257.22 464.01 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.20 455.01 Td (Emissions Solutions, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 473.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 473.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 473.01 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.60 473.01 Td (February 2, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 441.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.10 441.01 Td (Form of Specimen Common Stock Certificate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 441.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 441.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 441.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.85 441.01 Td (August 9, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.35 427.01 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 427.01 Td (Registration Rights ) Tj ET Q q 0 0 0 rg BT 166.50 427.01 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 240.47 427.01 Td (ADA-ES, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.60 418.01 Td (Arch Coal, Inc. dated March 23, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 427.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 427.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 427.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.35 427.01 Td (May 13, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 404.01 Td (10.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.10 404.01 Td (Profit Sharing Retirement Plan ) Tj ET Q q 0 0 0 rg BT 215.09 404.01 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 250.84 404.01 Td (Agreement**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 404.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 404.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 404.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 404.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 390.01 Td (10.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.10 390.01 Td (American Funds Distributors, Inc. Non-standardized 401\(K\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.45 381.01 Td (Plan**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 390.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 390.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 390.01 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 390.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 367.01 Td (10.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.60 367.01 Td (American Funds Distributors, Inc. Defined Contribution ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.85 358.01 Td (Prototype Plan and ) Tj ET Q q 0 0 0 rg BT 222.43 358.01 Td (T) Tj ET Q q 0 0 0 rg BT 227.61 358.01 Td (rust**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 367.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 367.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 367.01 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 367.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 344.01 Td (10.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.60 344.01 Td (Employer Stock ) Tj ET Q q 0 0 0 rg BT 170.59 344.01 Td (Addendum to ) Tj ET Q q 0 0 0 rg BT 221.93 344.01 Td (T) Tj ET Q q 0 0 0 rg BT 227.11 344.01 Td (rust ) Tj ET Q q 0 0 0 rg BT 242.36 344.01 Td (Agreement**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.20 344.01 Td (S-8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 344.01 Td (333-159715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.35 344.01 Td (4.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.60 344.01 Td (June 3, 2009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 330.01 Td (10.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.85 330.01 Td (Conformed copy of ) Tj ET Q q 0 0 0 rg BT 172.09 330.01 Td (Amended and Restated 2007 Equity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.50 321.01 Td (Incentive Plan, as amended by ) Tj ET Q q 0 0 0 rg BT 209.97 321.01 Td (Amendment Nos. 1-4*,**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 330.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 330.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 307.01 Td (10.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.50 307.01 Td (Forms of agreements for use under the ) Tj ET Q q 0 0 0 rg BT 246.21 307.01 Td (Amended and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.35 298.01 Td (Restated 2007 Equity Incentive Plan, as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 307.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 307.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 307.01 Td (10.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 307.01 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 284.01 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 115.25 284.01 Td (Amended and Restated 2010 Non-Management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.85 275.01 Td (Compensation and Incentive Plan**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 284.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 284.01 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 284.01 Td (10.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 284.01 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 261.01 Td (10.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.50 261.01 Td (Forms of agreements for use under the ) Tj ET Q q 0 0 0 rg BT 246.21 261.01 Td (Amended and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.60 252.01 Td (Restated 2010 Non-Management Compensation and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.25 243.01 Td (Incentive Plan, as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 261.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 261.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 261.01 Td (10.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.10 261.01 Td (April 19, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.10 229.01 Td (10.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.10 229.01 Td (General ) Tj ET Q q 0 0 0 rg BT 131.33 229.01 Td (Amendment of Company Plans as of ) Tj ET Q q 0 0 0 rg BT 265.82 229.01 Td (August 6, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.50 220.01 Td (2013**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 229.01 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 229.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 229.01 Td (10.64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 229.01 Td (November 12, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 206.01 Td (10.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.60 206.01 Td (Form of Employment ) Tj ET Q q 0 0 0 rg BT 170.35 206.01 Td (Agreement among each of Christine B. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.15 197.01 Td (Amrhein \(dated July 18, 201) Tj ET Q q 0 0 0 rg BT 205.05 197.01 Td (1\), Jonathan R. Lagarenne ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.50 188.01 Td (\(dated May 31, 2012\), and L. Heath Sampson \(dated ) Tj ET Q q 0 0 0 rg BT 283.46 188.01 Td (August ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.50 179.01 Td (27, 2014\), ) Tj ET Q q 0 0 0 rg BT 129.00 179.01 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 197.24 179.01 Td (Advanced Emissions Solutions, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.25 170.01 Td (Inc., as amended**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 206.01 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 206.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 206.01 Td (10.19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 206.01 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 156.01 Td (10.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.50 156.01 Td (Form of ) Tj ET Q q 0 0 0 rg BT 133.50 156.01 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 237.74 156.01 Td (Agreement dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.35 147.01 Td (August 26, 2014 between each of Christine B. ) Tj ET Q q 0 0 0 rg BT 261.32 147.01 Td (Amrhein and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.75 138.01 Td (Sharon M. Sjostrom and ) Tj ET Q q 0 0 0 rg BT 193.50 138.01 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 261.74 138.01 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.70 129.01 Td (Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 156.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 156.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 156.01 Td (10.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 156.01 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 115.01 Td (10.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 115.01 Td (Rider to Employment ) Tj ET Q q 0 0 0 rg BT 179.24 115.01 Td (Agreement dated ) Tj ET Q q 0 0 0 rg BT 242.72 115.01 Td (August 27, 2014 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.65 106.01 Td (between Heath Sampson and ) Tj ET Q q 0 0 0 rg BT 201.62 106.01 Td (ADA-ES, Inc. and ) Tj ET Q q 0 0 0 rg BT 269.86 106.01 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.70 97.01 Td (Emissions Solutions, Inc.**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 115.01 Td (8-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 115.01 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 115.01 Td (10.66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.60 115.01 Td (September 2, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 83.01 Td (10.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.50 83.01 Td (Form of ) Tj ET Q q 0 0 0 rg BT 133.50 83.01 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 237.74 83.01 Td (Agreement dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.65 74.01 Td (September 19, 2014 between Jonathan R. 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9.00 Tf ET q 0 0 0 rg BT 326.25 308.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 308.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 308.76 Td (10.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.60 308.76 Td (August 16, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 276.76 Td (10.27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.30 276.76 Td (Amendment to ) Tj ET Q q 0 0 0 rg BT 150.13 276.76 Td (T) Tj ET Q q 0 0 0 rg BT 155.00 276.76 Td (echnology Sublicense ) Tj ET Q q 0 0 0 rg BT 235.48 276.76 Td (Agreement between ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 267.76 Td (ADA-ES, Inc., GS RC Investments, LLC, and Clean Coal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 118.80 258.76 Td (Solutions, LLC dated November 21, 201) Tj ET Q q 0 0 0 rg BT 265.20 258.76 Td (1***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 276.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 276.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 276.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 276.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 244.76 Td (10.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 104.75 244.76 Td (Amendment #2 to ) Tj ET Q q 0 0 0 rg BT 171.83 244.76 Td (T) Tj ET Q q 0 0 0 rg BT 176.70 244.76 Td (echnology Sublicense ) Tj ET Q q 0 0 0 rg BT 257.18 244.76 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 92.00 235.76 Td (between ) Tj ET Q q 0 0 0 rg BT 123.74 235.76 Td (ADE-ES, Inc, GS RC Investments, LLC, and Clean ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 116.40 226.76 Td (Coal Solutions, LLC dated December 15, 201) Tj ET Q q 0 0 0 rg BT 281.04 226.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 244.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 244.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 244.76 Td (10.49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 244.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 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Limited Guaranty for the benefit of GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.90 148.76 Td (Investments LLC dated November 21, 201) Tj ET Q q 0 0 0 rg BT 275.53 148.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 157.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 157.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 157.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 157.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 134.76 Td (10.32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.60 134.76 Td (ADA-ES, Inc. Limited Guaranty for the benefit of GS RC ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 122.40 125.76 Td (Investments LLC dated December 15, 201) Tj ET Q q 0 0 0 rg BT 275.02 125.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 134.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 134.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 134.76 Td (10.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 134.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 111.76 Td (10.33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.15 111.76 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 112.24 111.76 Td (T) Tj ET Q q 0 0 0 rg BT 117.11 111.76 Td (echnology License ) Tj ET Q q 0 0 0 rg BT 186.58 111.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 260.55 111.76 Td (ADA-ES, Inc. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.25 102.76 Td (and Clean Coal Solutions, LLC dated July 27, 2012***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 111.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 111.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 111.76 Td (10.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 111.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 88.76 Td (10.34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.40 88.76 Td (Development and License ) Tj ET Q q 0 0 0 rg BT 191.12 88.76 Td (Agreement with ) Tj ET Q q 0 0 0 rg BT 251.10 88.76 Td (Arch Coal, Inc. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 79.76 Td (dated June 25, 2010***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 88.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 88.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 88.76 Td (10.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 88.76 Td (February 29, 2016) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (120) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.30 731.73 Td (Exhibit) Tj ET Q BT /F2 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129.13 692.76 Td (T) Tj ET Q q 0 0 0 rg BT 134.00 692.76 Td (echnology for Carbon Dioxide Capture, dated ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 164.85 683.76 Td (September 30, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 710.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 710.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 710.76 Td (10.80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 710.76 Td (November 12, 2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 669.76 Td (10.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.75 669.76 Td (Undertaking and ) Tj ET Q q 0 0 0 rg BT 162.73 669.76 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 207.99 669.76 Td (Agreement by and among ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.50 660.76 Td (Advanced Emissions Solutions, Inc., ) Tj ET Q q 0 0 0 rg BT 233.74 660.76 Td (ADA-ES, Inc., and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.85 651.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 109.85 651.76 Td ( Environmental Solutions, LLC dated as of July1, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 669.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 669.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 669.76 Td (10.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.60 669.76 Td (November 12, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 637.76 Td (10.37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.25 637.76 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 136.50 637.76 Td (Agreement by and among ) Tj ET Q q 0 0 0 rg BT 231.47 637.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 286.71 637.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 305.72 637.76 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.75 628.76 Td (Environmental Solutions, LLC, Norit ) Tj ET Q q 0 0 0 rg BT 235.24 628.76 Td (Americas, Inc. and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.30 619.76 Td (Norit International N.V) Tj ET Q q 0 0 0 rg BT 180.87 619.76 Td (. f/k/a Norit N.V) Tj ET Q q 0 0 0 rg BT 239.45 619.76 Td (. dated ) Tj ET Q q 0 0 0 rg BT 265.19 619.76 Td (August29, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.15 610.76 Td (201) Tj ET Q q 0 0 0 rg BT 205.32 610.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 637.76 Td (10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 637.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 637.76 Td (10.88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 637.76 Td (November 14, 2011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 596.76 Td (10.38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.50 596.76 Td (Indemnity Settlement ) Tj ET Q q 0 0 0 rg BT 176.99 596.76 Td (Agreement between ) Tj ET Q q 0 0 0 rg BT 250.96 596.76 Td (ADA-ES, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 98.95 587.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 117.95 587.76 Td ( Environmental Solutions, LLC and Ener) Tj ET Q q 0 0 0 rg BT 265.77 587.76 Td (gy Capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.40 578.76 Td (Partners, LLC, Ener) Tj ET Q q 0 0 0 rg BT 163.72 578.76 Td (gy Capital Partners I, LP) Tj ET Q q 0 0 0 rg BT 251.95 578.76 Td (, Ener) Tj ET Q q 0 0 0 rg BT 273.28 578.76 Td (gy Capital ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.00 569.76 Td (Partners I-A, LP) Tj ET Q q 0 0 0 rg BT 158.24 569.76 Td (, Ener) Tj ET Q q 0 0 0 rg BT 179.57 569.76 Td (gy Capital Partners I-B IP) Tj ET Q q 0 0 0 rg BT 272.05 569.76 Td (, LP) Tj ET Q q 0 0 0 rg BT 286.72 569.76 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.60 560.76 Td (Ener) Tj ET Q q 0 0 0 rg BT 120.43 560.76 Td (gy Capital Partners I \(Crowfoot IP\), LP) Tj ET Q q 0 0 0 rg BT 262.32 560.76 Td ( and ) Tj ET Q q 0 0 0 rg BT 279.32 560.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 298.32 560.76 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.10 551.76 Td (Carbon Solutions, LLC \(f/k/a Crowfoot Development, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 93.35 542.76 Td (LLC \), ) Tj ET Q q 0 0 0 rg BT 119.60 542.76 Td (ADA) Tj ET Q q 0 0 0 rg BT 138.60 542.76 Td ( Carbon Solutions \(Red River\), LLC \(f/k/a Red ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.35 533.76 Td (River Environmental Products, LLC\), Morton Environmental ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.35 524.76 Td (Products, LLC, Underwood Environmental Products, LLC, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.00 515.76 Td (Crowfoot Supply Company) Tj ET Q q 0 0 0 rg BT 194.92 515.76 Td (, LLC, and Five Forks Mining, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.80 506.76 Td (LLC dated November 28, 201) Tj ET Q q 0 0 0 rg BT 252.69 506.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 596.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 596.76 Td (000-50216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 596.76 Td (10.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.85 596.76 Td (March 15, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 492.76 Td (10.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.85 492.76 Td (2013 Loan and Security Agreement by and among ADA-ES,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.35 483.76 Td (Inc., Advanced Emissions Solutions, Inc., and CoBiz Bank d/) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.00 474.76 Td (b/a Colorado Business Bank in the State of Colorado dated as) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.00 465.76 Td (of September 19, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 492.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 492.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 492.76 Td (10.69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 492.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 451.76 Td (10.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.20 451.76 Td (First ) Tj ET Q q 0 0 0 rg BT 117.46 451.76 Td (Amendment and ) Tj ET Q q 0 0 0 rg BT 179.28 451.76 Td (W) Tj ET Q q 0 0 0 rg BT 187.06 451.76 Td (aiver to 2013 Loan and Security ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.60 442.76 Td (Agreement by and among ) Tj ET Q q 0 0 0 rg BT 202.57 442.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 257.82 442.76 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 433.76 Td (Emissions Solutions, Inc., and CoBiz Bank d/b/a Colorado ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.35 424.76 Td (Business Bank in the State of Colorado as of December 2, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 415.76 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 451.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 451.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.10 451.76 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 451.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 401.76 Td (10.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.85 401.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 123.10 401.76 Td (Amendment to 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 267.07 401.76 Td (Agreement ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 109.10 392.76 Td (by and among ) Tj ET Q q 0 0 0 rg BT 161.84 392.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 217.09 392.76 Td (Advanced Emissions ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.75 383.76 Td (Solutions, Inc., and CoBiz Bank d/b/a Colorado Business ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.75 374.76 Td (Bank in the State of Colorado dated as of ) Tj ET Q q 0 0 0 rg BT 251.97 374.76 Td (April 3, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 401.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 401.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 401.76 Td (10.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 401.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 360.76 Td (10.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 90.80 360.76 Td (Second ) Tj ET Q q 0 0 0 rg BT 119.38 360.76 Td (W) Tj ET Q q 0 0 0 rg BT 127.16 360.76 Td (aiver to 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 244.63 360.76 Td (Agreement by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.00 351.76 Td (among ) Tj ET Q q 0 0 0 rg BT 120.25 351.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 175.49 351.76 Td (Advanced Emissions Solutions, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.10 342.76 Td (and CoBiz Bank d/b/a Colorado Business Bank in the State ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.50 333.76 Td (of Colorado dated as of ) Tj ET Q q 0 0 0 rg BT 217.73 333.76 Td (April 22, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 360.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 360.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 360.76 Td (10.72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 360.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 319.76 Td (10.43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.05 319.76 Td (Third ) Tj ET Q q 0 0 0 rg BT 116.13 319.76 Td (W) Tj ET Q q 0 0 0 rg BT 123.91 319.76 Td (aiver to 2013 Loan and Security ) Tj ET Q q 0 0 0 rg BT 241.38 319.76 Td (Agreement by and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.00 310.76 Td (among ) Tj ET Q q 0 0 0 rg BT 120.25 310.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 175.49 310.76 Td (Advanced Emissions Solutions, Inc., ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.10 301.76 Td (and CoBiz Bank d/b/a Colorado Business Bank in the State ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.50 292.76 Td (of Colorado dated as of June 30, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 319.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 319.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 319.76 Td (10.73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 319.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 278.76 Td (10.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.45 278.76 Td (Third ) Tj ET Q q 0 0 0 rg BT 122.20 278.76 Td (Amendment and Fourth ) Tj ET Q q 0 0 0 rg BT 210.27 278.76 Td (W) Tj ET Q q 0 0 0 rg BT 218.05 278.76 Td (aiver to 2013 Loan and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.75 269.76 Td (Security ) Tj ET Q q 0 0 0 rg BT 123.50 269.76 Td (Agreement by and among ) Tj ET Q q 0 0 0 rg BT 218.47 269.76 Td (ADA-ES, Inc., ) Tj ET Q q 0 0 0 rg BT 273.71 269.76 Td (Advanced ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.25 260.76 Td (Emissions Solutions, Inc., and CoBiz Bank d/b/a Colorado ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 109.60 251.76 Td (Business Bank in the State of Colorado dated as of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 164.85 242.76 Td (September 20, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.25 278.76 Td (10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 278.76 Td (000-54992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.85 278.76 Td (10.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 278.76 Td (February 29, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.85 228.76 Td (10.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 101.70 228.76 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 127.46 228.76 Td (Amendment and Fifth ) Tj ET Q q 0 0 0 rg BT 209.03 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290.37 741.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.51 741.60 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 327.76 741.60 Td (OR'S REPOR) Tj ET Q q 0 0 0 rg BT 394.30 741.60 Td (T) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 692.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.95 692.40 Td (o the Board of Members) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 680.40 Td (inuum ) Tj ET Q q 0 0 0 rg BT 83.81 680.40 Td (Group, ) Tj ET Q q 0 0 0 rg BT 114.37 680.40 Td (LLC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 655.20 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 655.20 Td (e have audited the accompanying consolidated balance sheets of ) Tj ET Q q 0 0 0 rg BT 344.88 655.20 Td (T) Tj ET Q q 0 0 0 rg BT 351.22 655.20 Td (inuum Group, LLC and subsidiaries \(the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 642.00 Td (Company\) as of December 31, 2016 and 2015, and the related consolidated statements of operations, members) Tj ET Q q 0 0 0 rg BT 549.53 642.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 628.80 Td (equity) Tj ET Q q 0 0 0 rg BT 76.78 628.80 Td (, and cash flows for each of the three years in the period ending December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 450.45 628.80 Td (These financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 615.60 Td (statements are the responsibility of the Company) Tj ET Q q 0 0 0 rg BT 268.12 615.60 Td (s management. Our responsibility is to express an opinion on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 602.40 Td (these financial statements based on our audits. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 576.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 576.00 Td (e conducted our audits in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 411.71 576.00 Td (Accounting Oversight Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 562.80 Td (\(United States\) and in accordance with auditing standards generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 491.99 562.80 Td (America. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 549.60 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 536.40 Td (financial statements are free of material misstatement. ) Tj ET Q q 0 0 0 rg BT 290.47 536.40 Td (The Company is not required to have, nor were we engaged ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 523.20 Td (to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 496.80 Td (but not for the purpose of expressing an opinion on the ef) Tj ET Q q 0 0 0 rg BT 302.44 496.80 Td (fectiveness of the Company) Tj ET Q q 0 0 0 rg BT 427.99 496.80 Td (s internal control over ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 483.60 Td (financial reporting. ) Tj ET Q q 0 0 0 rg BT 136.44 483.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 190.71 483.60 Td (, we express no such opinion. ) Tj ET Q q 0 0 0 rg BT 322.70 483.60 Td (An audit also includes examining, on a test basis, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 470.40 Td (evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 457.20 Td (used and significant estimates made by management, as well as evaluating the overall financial statement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 444.00 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 109.06 444.00 Td (W) Tj ET Q q 0 0 0 rg BT 118.56 444.00 Td (e believe that our audits provide a reasonable basis for our opinion. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 417.60 Td (In our opinion, the financial statements referred to above present fairly) Tj ET Q q 0 0 0 rg BT 360.53 417.60 Td (, in all material respects, the financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 404.40 Td (position of ) Tj ET Q q 0 0 0 rg BT 99.91 404.40 Td (T) Tj ET Q q 0 0 0 rg BT 106.25 404.40 Td (inuum Group, LLC and subsidiaries as of December 31, 2016 and 2015, and the results of their ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 391.20 Td (operations and their cash flows for each of the three years in the period ending December 31, 2016, in conformity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 378.00 Td (with accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 354.85 378.00 Td (America. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 339.60 Td (/s/ Hein & ) Tj ET Q q 0 0 0 rg BT 97.97 339.60 Td (Associates LLP) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 314.40 Td (Denver) Tj ET Q q 0 0 0 rg BT 81.93 314.40 Td (, Colorado) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 301.20 Td (March 6, 2017) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 758.30 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 758.30 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 745.10 Td (As of December 31, 2016 and 2015 ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 47.10 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 244.14 47.10 Td (e an integral part of the consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 11.10 Td (125) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 700.5 m 451 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 700.5 m 535 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 685.5 m 451 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 685.5 m 535 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.5 m 451 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 580.5 m 451 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 595.5 m 535 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 580.5 m 535 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 508.5 m 451 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 493.5 m 451 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 508.5 m 535 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 493.5 m 535 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 479.5 m 451 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 477.5 m 451 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 479.5 m 535 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 477.5 m 535 477.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 283.75 709.12 Td ( ) Tj ET Q q 0 0 0 rg BT 286.16 709.12 Td (ASSETS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 690.12 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 690.12 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 675.12 Td ( CURRENT ) Tj ET Q q 0 0 0 rg BT 132.57 675.12 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 660.12 Td ( Cash) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 660.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 660.12 Td (10,897) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 660.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 660.12 Td (6,183) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 645.12 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 645.12 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 645.12 Td (3,790) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 645.12 Td (16,861) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 630.12 Td ( Related party receivables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 437.15 630.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 630.12 Td (4,560) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 615.12 Td ( Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 615.12 Td (9,857) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 615.12 Td (10,167) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 600.12 Td ( Prepaid royalties and other assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 436.00 600.12 Td (40) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 600.12 Td (3,089) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 585.12 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 585.12 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 585.12 Td (otal current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 585.12 Td (24,584) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 585.12 Td (40,860) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 558.12 Td ( NON-CURRENT ) Tj ET Q q 0 0 0 rg BT 158.12 558.12 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 543.12 Td ( Fixed assets, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 543.12 Td (68,469) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 543.12 Td (76,788) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 528.12 Td ( Deferred tax assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 528.12 Td (1,189) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 514.45 528.12 Td (217) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 513.12 Td ( Other assets, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 513.12 Td (13,963) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 513.12 Td (13,720) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 498.12 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 498.12 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 498.12 Td (otal non-current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 498.12 Td (83,621) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 498.12 Td (90,725) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 483.12 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 483.12 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 483.12 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 483.12 Td ( ) Tj ET Q q 0 0 0 rg BT 115.91 483.12 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 483.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 483.12 Td (108,205) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 483.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 483.12 Td (131,585) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 455.00 Td (The following table presents certain assets of the consolidated variable interest entities \(VIEs\), which are included ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 443.00 Td (in the Consolidated Balance Sheets above. ) Tj ET Q q 0 0 0 rg BT 243.34 443.00 Td (The assets in the table below include those assets that can only be ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 431.00 Td (used to settle obligations of consolidated VIEs, presented on the following page, and are in excess of those ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 419.00 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 105.10 419.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 155.50 419.00 Td (, the assets in the table below include third-party assets of consolidated VIEs only and ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 407.00 Td (exclude intercompany balances that eliminate in consolidation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 113.45 383.00 Td (Assets of consolidated VIEs to be used to settle obligations of consolidated VIEs) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 330.5 m 451 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 330.5 m 535 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 251.5 m 451 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 236.5 m 451 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 234.5 m 451 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 251.5 m 535 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 236.5 m 535 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 234.5 m 535 234.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 335.12 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 335.12 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 320.12 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 304.12 Td (Cash) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 304.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 304.12 Td (6,213) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 304.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 304.12 Td (3,366) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 288.12 Td (Accounts receivable) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 430.45 288.12 Td (526) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 514.45 288.12 Td (269) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 272.12 Td (Inventory) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 272.12 Td (8,830) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 272.12 Td (8,604) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 256.12 Td (Non-current assets) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 256.12 Td (2,684) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 256.12 Td (2,473) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 240.12 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 240.12 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 240.12 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 240.12 Td ( ) Tj ET Q q 0 0 0 rg BT 115.91 240.12 Td (ASSETS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 240.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 240.12 Td (18,253) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 240.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 240.12 Td (14,712) Tj ET Q BT /F1 10.00 Tf ET BT /F8 10.00 Tf ET q 0 0 0 rg BT 221.75 174.80 Td (Statement continues on the next page) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 210.45 758.30 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 275.63 758.30 Td (TED BALANCE SHEETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 216.10 745.10 Td (As of December 31, 2016 and 2015 ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 47.10 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 244.14 47.10 Td (e an integral part of the consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 11.10 Td (126) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 700.5 m 451 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 700.5 m 535 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 685.5 m 451 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 685.5 m 535 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 610.5 m 451 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.5 m 451 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 610.5 m 535 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 595.5 m 535 595.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 523.5 m 451 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 508.5 m 451 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 523.5 m 535 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 508.5 m 535 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 405.5 m 451 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 390.5 m 451 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 405.5 m 535 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 390.5 m 535 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 364.5 m 451 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 362.5 m 451 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 364.5 m 535 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 362.5 m 535 362.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 214.90 709.12 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 277.31 709.12 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 690.12 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 690.12 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 675.12 Td ( CURRENT LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 660.12 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 660.12 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 660.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 660.12 Td (7,164) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 660.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 660.12 Td (21,952) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 645.12 Td ( Related party payables) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 645.12 Td (5,734) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 645.12 Td (5,904) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 630.12 Td ( Deferred revenue) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 630.12 Td (30,219) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 630.12 Td (29,131) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 615.12 Td ( Line of credit) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 437.15 615.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 615.12 Td (4,000) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 600.12 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 600.12 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 600.12 Td (otal current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 600.12 Td (43,117) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 600.12 Td (60,987) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 573.12 Td ( NON-CURRENT LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 558.12 Td ( Secured promissory note) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 558.12 Td (6,794) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 558.12 Td (7,535) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 543.12 Td ( Deferred revenue - long-term) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 543.12 Td (3,188) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 514.45 543.12 Td (798) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 528.12 Td ( ) Tj ET Q q 0 0 0 rg BT 89.06 528.12 Td (Asset retirement obligation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 528.12 Td (1,474) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 528.12 Td (1,079) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 513.12 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 513.12 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 513.12 Td (otal non-current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 513.12 Td (11,456) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 513.12 Td (9,412) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 486.12 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 486.12 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 486.12 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 486.12 Td ( LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 486.12 Td (54,573) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 486.12 Td (70,399) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 459.12 Td ( TEMPORAR) Tj ET Q q 0 0 0 rg BT 138.13 459.12 Td (Y) Tj ET Q q 0 0 0 rg BT 144.62 459.12 Td ( CLASS B PREFERRED EQUITY) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 459.12 Td (18,250) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 459.12 Td (30,448) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 440.12 Td ( OTHER MEMBERS' EQUITY) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 425.12 Td ( Members' equity attributable to Class ) Tj ET Q q 0 0 0 rg BT 256.04 425.12 Td (A) Tj ET Q q 0 0 0 rg BT 262.16 425.12 Td ( Members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 425.12 Td (26,475) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 425.12 Td (25,175) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 410.12 Td ( Noncontrolling interests) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 410.12 Td (8,907) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 410.12 Td (5,563) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 78.50 395.12 Td ( ) Tj ET Q q 0 0 0 rg BT 81.10 395.12 Td (T) Tj ET Q q 0 0 0 rg BT 86.10 395.12 Td (otal members' equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 395.12 Td (35,382) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.55 395.12 Td (30,738) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 368.12 Td ( T) Tj ET Q q 0 0 0 rg BT 87.21 368.12 Td (OT) Tj ET Q q 0 0 0 rg BT 100.35 368.12 Td (AL) Tj ET Q q 0 0 0 rg BT 113.50 368.12 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 175.91 368.12 Td (AND MEMBERS' EQUITY) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 368.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 411.00 368.12 Td (108,205) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 368.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 495.00 368.12 Td (131,585) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 340.00 Td (The following table presents certain liabilities of consolidated VIEs, which are included in the Consolidated Balance ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 328.00 Td (Sheets above. ) Tj ET Q q 0 0 0 rg BT 118.81 328.00 Td (The liabilities in the table below include third-party liabilities of consolidated VIEs only and exclude ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 316.00 Td (intercompany balances that eliminate in consolidation. ) Tj ET Q q 0 0 0 rg BT 294.46 316.00 Td (The liabilities also exclude intercompany amounts where ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 304.00 Td (creditors have recourse against the general credit of ) Tj ET Q q 0 0 0 rg BT 282.78 304.00 Td (T) Tj ET Q q 0 0 0 rg BT 288.52 304.00 Td (inuum Group, LLC. However) Tj ET Q q 0 0 0 rg BT 414.69 304.00 Td (, the secured promissory note ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 49.50 292.00 Td (has a limited guarantee provided by ) Tj ET Q q 0 0 0 rg BT 210.53 292.00 Td (T) Tj ET Q q 0 0 0 rg BT 216.27 292.00 Td (inuum Group, LLC.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 268.00 Td (Liabilities of consolidated VIEs for which creditors do not have recourse against the general credit of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 256.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 256.00 Td (inuum Group, LLC) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 215.5 m 451 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 215.5 m 535 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 152.5 m 451 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 137.5 m 451 137.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 135.5 m 451 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 152.5 m 535 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 137.5 m 535 137.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 135.5 m 535 135.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 235.17 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.35 220.12 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 483.35 220.12 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 205.12 Td (LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 189.12 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 189.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 189.12 Td (4,864) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 189.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 189.12 Td (1,489) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 173.12 Td (Secured promissory note) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 422.10 173.12 Td (6,794) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 173.12 Td (7,535) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.50 157.12 Td (Non-current liabilities) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 430.45 157.12 Td (401) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 514.45 157.12 Td (114) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 78.50 141.12 Td (T) Tj ET Q q 0 0 0 rg BT 84.43 141.12 Td (OT) Tj ET Q q 0 0 0 rg BT 97.57 141.12 Td (AL) Tj ET Q q 0 0 0 rg BT 110.72 141.12 Td ( LIABILITIES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 373.50 141.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 416.55 141.12 Td (12,059) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 457.50 141.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 506.10 141.12 Td (9,138) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 257 0 obj <> endobj 258 0 obj <> stream BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 47.10 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 244.14 47.10 Td (e an integral part of the consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 11.10 Td (127) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 704.5 m 386.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 704.5 m 460.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 704.5 m 534.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 644.5 m 386.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 629.5 m 386.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 644.5 m 460.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 629.5 m 460.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 644.5 m 534.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 629.5 m 534.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 531.5 m 386.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 516.5 m 386.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 531.5 m 460.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 516.5 m 460.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 531.5 m 534.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 516.5 m 534.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 409.5 m 386.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 394.5 m 386.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 409.5 m 460.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 394.5 m 460.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 409.5 m 534.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 394.5 m 534.5 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 341.5 m 386.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 326.5 m 386.5 326.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 341.5 m 460.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 326.5 m 460.5 326.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 341.5 m 534.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 326.5 m 534.5 326.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 269.5 m 386.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 269.5 m 460.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 269.5 m 534.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 208.5 m 386.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 208.5 m 460.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 208.5 m 534.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 179.5 m 386.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 177.5 m 386.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 179.5 m 460.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 177.5 m 460.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 179.5 m 534.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 177.5 m 534.5 177.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 339.85 709.12 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 413.85 709.12 Td (2015) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 487.85 709.12 Td (2014) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 694.12 Td ( REVENUES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 679.12 Td ( Coal sales) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 319.00 679.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 679.12 Td (186,176) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.00 679.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 679.12 Td (533,365) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 467.00 679.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 679.12 Td (412,449) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 91.00 664.12 Td (Rents) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 664.12 Td (120,400) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 664.12 Td (153,931) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 664.12 Td (113,769) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 649.12 Td ( Other) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 649.17 Td (2,407) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.60 649.12 Td (8,201) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 649.12 Td (7,032) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 634.12 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 634.12 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 634.12 Td (otal revenues) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 634.12 Td (308,983) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 634.12 Td (695,497) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 634.12 Td (533,250) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 611.12 Td ( COST OF SALES \(exclusive of depreciation) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 596.12 Td ( shown separately below\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 581.12 Td ( Coal purchases) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 581.12 Td (186,152) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 581.12 Td (533,466) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 581.12 Td (412,449) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 566.12 Td ( Chemicals) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 566.17 Td (7,941) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 566.12 Td (23,271) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 566.12 Td (15,238) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 551.12 Td ( Site and production fees) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 551.17 Td (15,934) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 551.12 Td (19,286) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 551.12 Td (9,614) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 536.12 Td ( Royalties and broker fees) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 536.17 Td (6,651) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 536.12 Td (11,058) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 536.12 Td (6,851) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 521.12 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 521.12 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 521.12 Td (otal cost of sales) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 346.50 521.12 Td (216,678) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 521.12 Td (587,081) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 494.50 521.12 Td (444,152) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 498.12 Td ( GROSS PROFIT) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 498.17 Td (92,305) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 420.50 498.12 Td (108,416) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 498.12 Td (89,098) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 475.12 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 116.60 475.12 Td (TING EXPENSES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 475.17 Td (7,637) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 475.12 Td (10,586) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 475.12 Td (7,190) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 452.12 Td ( SELLING, GENERAL) Tj ET Q q 0 0 0 rg BT 179.38 452.12 Td ( ) Tj ET Q q 0 0 0 rg BT 181.79 452.12 Td (AND ) Tj ET Q q 0 0 0 rg BT 205.86 452.12 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 267.89 452.12 Td (TIVE ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 437.12 Td ( EXPENSES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 437.17 Td (11,492) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.60 437.12 Td (9,571) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 437.12 Td (11,681) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 414.12 Td ( DEPRECIA) Tj ET Q q 0 0 0 rg BT 132.71 414.12 Td (TION ) Tj ET Q q 0 0 0 rg BT 159.00 414.12 Td (AND ) Tj ET Q q 0 0 0 rg BT 183.08 414.12 Td (AMORTIZA) Tj ET Q q 0 0 0 rg BT 235.10 414.12 Td (T) Tj ET Q q 0 0 0 rg BT 241.03 414.12 Td (ON EXPENSE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 414.17 Td (4,533) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.60 414.12 Td (3,248) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 414.12 Td (2,630) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 399.12 Td ( Income from operations) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 399.17 Td (68,643) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 399.12 Td (85,011) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 399.12 Td (67,597) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.00 376.12 Td ( OTHER EXPENSE) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 91.00 361.12 Td (Other expense, net) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 361.17 Td (5,903) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.95 361.12 Td (823) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 513.95 361.12 Td (370) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 346.12 Td ( Interest expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 365.95 346.12 Td (447) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.95 346.12 Td (160) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 519.50 346.12 Td (34) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 331.12 Td ( ) Tj ET Q q 0 0 0 rg BT 109.38 331.12 Td (T) Tj ET Q q 0 0 0 rg BT 114.38 331.12 Td (otal other expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 331.17 Td (6,350) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 439.95 331.12 Td (983) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 513.95 331.12 Td (404) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 79.00 297.34 Td (INCOME BEFORE ST) Tj ET Q q 0 0 0 rg BT 188.19 297.34 Td (A) Tj ET Q q 0 0 0 rg BT 195.32 297.34 Td (TE INCOME T) Tj ET Q q 0 0 0 rg BT 265.39 297.34 Td (AXES) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 297.17 Td (62,293) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 297.12 Td (84,028) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 297.12 Td (67,193) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 79.00 273.99 Td ( State income tax expense) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 357.60 274.17 Td (2,425) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 431.60 274.12 Td (1,220) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 505.60 274.12 Td (1,426) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 79.00 250.99 Td (NET INCOME) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 251.17 Td (59,868) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 251.12 Td (82,808) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 251.12 Td (65,767) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 228.12 Td ( Class B holders preferred return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 354.25 228.12 Td (\(3,901) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 382.65 228.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 428.25 228.12 Td (\(6,157) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 456.65 228.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 502.25 228.12 Td (\(8,707) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 530.65 228.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 79.00 213.12 Td ( Loss attributable to noncontrolling interests) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 213.17 Td (27,234) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 213.12 Td (10,675) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 213.12 Td (11,023) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 79.00 197.99 Td ( NET INCOME ) Tj ET Q q 0 0 0 rg BT 153.76 197.99 Td (A) Tj ET Q q 0 0 0 rg BT 160.89 197.99 Td (V) Tj ET Q q 0 0 0 rg BT 167.41 197.99 Td (AILABLE T) Tj ET Q q 0 0 0 rg BT 224.65 197.99 Td (O ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 79.00 182.99 Td ( CLASS ) Tj ET Q q 0 0 0 rg BT 128.10 182.99 Td (A) Tj ET Q q 0 0 0 rg BT 135.63 182.99 Td ( MEMBERS) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 319.00 183.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 352.05 183.17 Td (83,201) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.00 183.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 426.05 183.12 Td (87,326) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 467.00 183.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 500.05 183.12 Td (68,083) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 259 0 obj <> endobj 260 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 162.40 758.30 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 227.58 758.30 Td (TED ST) Tj ET Q q 0 0 0 rg BT 265.88 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 273.01 758.30 Td (TEMENTS OF MEMBERS' EQUITY) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 181.55 745.10 Td (Y) Tj ET Q q 0 0 0 rg BT 188.28 745.10 Td (ears Ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 47.10 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 244.14 47.10 Td (e an integral part of the consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 11.10 Td (128) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 704.5 m 397.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 704.5 m 401.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 704.5 m 479.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 704.5 m 483.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 704.5 m 561.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 664.5 m 315.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 664.5 m 319.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 664.5 m 397.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 664.5 m 401.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 664.5 m 479.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 664.5 m 483.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 664.5 m 561.5 664.5 l s 0 0 0 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 542.5 m 479.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 542.5 m 561.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 418.5 m 315.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 418.5 m 397.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 418.5 m 479.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 418.5 m 561.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 418.5 m 315.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 418.5 m 397.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 418.5 m 479.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 418.5 m 561.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 294.5 m 315.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 280.5 m 315.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 278.5 m 315.5 278.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 294.5 m 397.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 280.5 m 397.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 278.5 m 397.5 278.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 294.5 m 479.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 280.5 m 479.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 278.5 m 479.5 278.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 294.5 m 561.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 280.5 m 561.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 278.5 m 561.5 278.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 366.65 709.12 Td (Other Members Equity \(Deficit\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 249.60 689.12 Td ( T) Tj ET Q q 0 0 0 rg BT 257.74 689.12 Td (emporary ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 258.15 679.12 Td (Class B ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 254.50 669.12 Td (Members) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 338.60 679.12 Td ( Class ) Tj ET Q q 0 0 0 rg BT 370.47 679.12 Td (A) Tj ET Q q 0 0 0 rg BT 377.32 679.12 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 336.00 669.12 Td (Members) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 440.00 689.12 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 404.45 679.12 Td (Noncontrolling ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 421.90 669.12 Td (Interest) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 494.30 689.12 Td ( T) Tj ET Q q 0 0 0 rg BT 502.44 689.12 Td (otal Other ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 498.85 679.12 Td (Members' ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 486.70 669.12 Td (Equity \(Deficit\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 654.12 Td (BALANCES, JANUAR) Tj ET Q q 0 0 0 rg BT 154.41 654.12 Td (Y) Tj ET Q q 0 0 0 rg BT 160.90 654.12 Td ( 1, 2014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 654.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 281.05 654.17 Td (63,071) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 654.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.70 654.12 Td (\(52,178) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 654.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 404.00 654.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 654.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 654.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 654.12 Td (\(52,178) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 654.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 639.12 Td (Class B holders preferred return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 286.60 639.12 Td (8,707) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 639.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 639.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 639.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 624.12 Td (Member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 624.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 624.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 445.05 624.12 Td (16,548) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 624.12 Td (16,548) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 609.12 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 277.70 609.12 Td (\(15,383) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 609.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.70 609.12 Td (\(89,806) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 609.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 609.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 609.12 Td (\(89,806) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 609.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 594.12 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 277.70 594.12 Td (\(10,874) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 594.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 594.12 Td (10,874) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 594.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 594.12 Td (10,874) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 579.72 Td (Net income available to Class ) Tj ET Q q 0 0 0 rg BT 191.96 579.72 Td (A) Tj ET Q q 0 0 0 rg BT 198.07 579.72 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 569.72 Td (Members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 570.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 570.12 Td (68,083) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 570.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 570.12 Td (68,083) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 555.72 Td (Net loss attributable to noncontrolling) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 545.72 Td (interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 547.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 547.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 441.70 547.12 Td (\(11,023) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.65 547.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 547.12 Td (\(11,023) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 547.12 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 532.12 Td (BALANCES, DECEMBER 31, 2014) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 532.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 281.05 532.17 Td (45,521) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 532.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.70 532.12 Td (\(63,027) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 532.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 450.60 532.12 Td (5,525) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 532.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 532.12 Td (\(57,502) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 532.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 517.12 Td (Class B holders preferred return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 286.60 517.12 Td (6,157) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 517.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 517.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 517.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 502.12 Td (Member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 502.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 502.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 445.05 502.12 Td (10,713) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 502.12 Td (10,713) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 487.12 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 283.25 487.12 Td (\(3,053) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 487.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.70 487.12 Td (\(17,301) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 487.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 487.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 487.12 Td (\(17,301) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 487.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 472.12 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 277.70 472.12 Td (\(18,177) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 472.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 472.12 Td (18,177) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 472.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 472.12 Td (18,177) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 457.72 Td (Net income available to Class ) Tj ET Q q 0 0 0 rg BT 191.96 457.72 Td (A) Tj ET Q q 0 0 0 rg BT 198.07 457.72 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 447.72 Td (Members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 448.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 448.12 Td (87,326) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 448.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 448.12 Td (87,326) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 433.12 Td (Net loss attributable to noncontrolling ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 423.12 Td (interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 423.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 423.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 441.70 423.12 Td (\(10,675) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.65 423.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 423.12 Td (\(10,675) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 423.12 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 408.12 Td (BALANCES, DECEMBER 31, 2015) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 408.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 281.05 408.17 Td (30,448) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 408.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 408.12 Td (25,175) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 450.60 408.12 Td (5,563) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 408.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 408.12 Td (30,738) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 393.12 Td (Class B holders preferred return) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 286.60 393.12 Td (3,901) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 393.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 393.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 547.65 393.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 378.12 Td (Member contributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 378.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 378.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 445.05 378.12 Td (30,578) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 378.12 Td (30,578) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 363.12 Td (Member distributions) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 277.70 363.12 Td (\(14,700) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 363.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 359.70 363.12 Td (\(83,300) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 393.65 363.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 363.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 363.12 Td (\(83,300) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 363.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 348.12 Td (Reclassification of member equity) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 283.25 348.12 Td (\(1,399) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 311.65 348.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 368.60 348.12 Td (1,399) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 348.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 532.60 348.12 Td (1,399) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 333.72 Td (Net income available to Class ) Tj ET Q q 0 0 0 rg BT 191.96 333.72 Td (A) Tj ET Q q 0 0 0 rg BT 198.07 333.72 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 323.72 Td (Members) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 324.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 324.12 Td (83,201) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 465.65 324.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 324.12 Td (83,201) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 309.12 Td (Net loss attributable to noncontrolling ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 58.00 299.12 Td (interest) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 301.65 299.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 383.65 299.12 Td () Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 441.70 299.12 Td (\(27,234) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 475.65 299.12 Td (\)) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 523.70 299.12 Td (\(27,234) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 557.65 299.12 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 284.12 Td (BALANCES, DECEMBER 31, 2016) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 241.00 284.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 281.05 284.17 Td (18,250) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 322.00 284.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 363.05 284.12 Td (26,475) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 404.00 284.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 450.60 284.12 Td (8,907) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 486.00 284.12 Td ($) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 527.05 284.12 Td (35,382) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 261 0 obj <> endobj 262 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 177.35 758.30 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 242.53 758.30 Td (TED ST) Tj ET Q q 0 0 0 rg BT 280.83 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 287.96 758.30 Td (TEMENTS OF CASH FLOWs) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 161.45 745.10 Td (For the ) Tj ET Q q 0 0 0 rg BT 201.58 745.10 Td (Y) Tj ET Q q 0 0 0 rg BT 208.31 745.10 Td (ears Ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 42.60 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 244.14 42.60 Td (e an integral part of the consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 6.60 Td (129) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 705.5 m 413.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 705.5 m 487.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 705.5 m 561.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 435.5 m 413.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 421.5 m 413.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 435.5 m 487.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 421.5 m 487.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 435.5 m 561.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 421.5 m 561.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 378.5 m 413.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 364.5 m 413.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 378.5 m 487.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 364.5 m 487.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 378.5 m 561.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 364.5 m 561.5 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 251.5 m 413.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 237.5 m 413.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 251.5 m 487.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 237.5 m 487.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 251.5 m 561.5 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 237.5 m 561.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 237.5 m 413.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 237.5 m 487.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 237.5 m 561.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 223.5 m 413.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 210.5 m 413.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 208.5 m 413.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 223.5 m 487.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 210.5 m 487.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 208.5 m 487.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 223.5 m 561.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 210.5 m 561.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 208.5 m 561.5 208.5 l s BT /F5 9.00 Tf ET q 0 0 0 rg BT 367.95 709.90 Td (2016) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 441.95 709.90 Td (2015) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 515.95 709.90 Td (2014) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 52.00 695.90 Td ( CASH, BEGINNING OF ) Tj ET Q q 0 0 0 rg BT 153.34 695.90 Td (YEAR) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 346.00 695.90 Td ($) Tj ET Q BT /F6 9.00 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9.00 Tf ET q 0 0 0 rg BT 461.45 311.90 Td (4,000) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 549.00 311.90 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 52.00 297.90 Td ( Repayments under line of credit) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 384.45 297.90 Td (\(4,000) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 410.00 297.90 Td (\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 475.00 297.90 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 549.00 297.90 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 52.00 283.90 Td ( Noncontrolling member contributions) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 382.45 283.90 Td (30,578) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 456.45 283.90 Td (10,713) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 530.45 283.90 Td (13,912) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 52.00 269.90 Td ( Noncontrolling member contribution receivable) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 401.00 269.90 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 465.95 269.90 Td (\(269) Tj ET Q BT /F6 9.00 Tf ET q 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<> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (130) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 690.90 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 690.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 92.29 690.90 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 690.90 Td (SIGNIFICANT ) Tj ET Q q 0 0 0 rg BT 171.93 690.90 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 249.54 690.90 Td (POLICIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 664.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 664.50 Td (inuum ) Tj ET Q q 0 0 0 rg BT 88.23 664.50 Td (Group, ) Tj ET Q q 0 0 0 rg BT 124.33 664.50 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 150.03 664.50 Td (formerly ) Tj ET Q q 0 0 0 rg BT 192.21 664.50 Td (known ) Tj ET Q q 0 0 0 rg BT 226.48 664.50 Td (as ) Tj ET Q q 0 0 0 rg BT 240.56 664.50 Td (Clean ) Tj ET Q q 0 0 0 rg BT 271.76 664.50 Td (Coal ) Tj ET Q q 0 0 0 rg BT 296.85 664.50 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 347.62 664.50 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 373.32 664.50 Td (\(together ) Tj ET Q q 0 0 0 rg BT 419.81 664.50 Td (with ) Tj ET Q q 0 0 0 rg BT 441.84 664.50 Td (its ) Tj ET Q q 0 0 0 rg BT 455.30 664.50 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 518.90 664.50 Td (T) Tj ET Q q 0 0 0 rg BT 528.88 664.50 Td (inuum ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 651.30 Td (or ) Tj ET Q q 0 0 0 rg BT 62.95 651.30 Td (the ) Tj ET Q q 0 0 0 rg BT 85.57 651.30 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 143.64 651.30 Td (develops, ) Tj ET Q q 0 0 0 rg BT 194.40 651.30 Td (manages ) Tj ET Q q 0 0 0 rg BT 243.32 651.30 Td (and ) Tj ET Q q 0 0 0 rg BT 265.34 651.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 300.80 651.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 343.60 651.30 Td (used ) Tj ET Q q 0 0 0 rg BT 371.12 651.30 Td (in ) Tj ET Q q 0 0 0 rg BT 383.35 651.30 Td (the ) Tj ET Q q 0 0 0 rg BT 402.31 651.30 Td (production ) Tj ET Q q 0 0 0 rg BT 457.34 651.30 Td (of ) Tj ET Q q 0 0 0 rg BT 470.18 651.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.60 651.30 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 69.66 638.10 Td (\(REF ) Tj ET Q q 0 0 0 rg BT 101.40 638.10 Td (Facilities\). ) Tj ET Q q 0 0 0 rg BT 156.83 638.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.21 638.10 Td (production ) Tj ET Q q 0 0 0 rg BT 232.00 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.59 638.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 285.76 638.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 337.09 638.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 357.24 638.10 Td (\(a/k/a ) Tj ET Q q 0 0 0 rg BT 387.18 638.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 423.23 638.10 Td (coal\) ) Tj ET Q q 0 0 0 rg BT 449.49 638.10 Td (via ) Tj ET Q q 0 0 0 rg BT 465.97 638.10 Td (these ) Tj ET Q q 0 0 0 rg BT 495.30 638.10 Td (REF ) Tj ET Q q 0 0 0 rg BT 519.72 638.10 Td (Facilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 624.90 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 91.73 624.90 Td (for ) Tj ET Q q 0 0 0 rg BT 106.44 624.90 Td (production ) Tj ET Q q 0 0 0 rg BT 159.68 624.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.23 624.90 Td (credits ) Tj ET Q q 0 0 0 rg BT 210.50 624.90 Td (that ) Tj ET Q q 0 0 0 rg BT 230.72 624.90 Td (are ) Tj ET Q q 0 0 0 rg BT 248.49 624.90 Td (available ) Tj ET Q q 0 0 0 rg BT 293.78 624.90 Td (under ) Tj ET Q q 0 0 0 rg BT 323.79 624.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 362.35 624.90 Td (45 ) Tj ET Q q 0 0 0 rg BT 376.46 624.90 Td (of ) Tj ET Q q 0 0 0 rg BT 387.51 624.90 Td (the ) Tj ET Q q 0 0 0 rg BT 404.67 624.90 Td (Internal ) Tj ET Q q 0 0 0 rg BT 443.23 624.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 489.14 624.90 Td (Code ) Tj ET Q q 0 0 0 rg BT 517.31 624.90 Td (\(PTCs\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.93 611.70 Td (value ) Tj ET Q q 0 0 0 rg BT 101.70 611.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.35 611.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.12 611.70 Td (PTC ) Tj ET Q q 0 0 0 rg BT 158.59 611.70 Td (is ) Tj ET Q q 0 0 0 rg BT 170.01 611.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 215.08 611.70 Td (annually ) Tj ET Q q 0 0 0 rg BT 259.53 611.70 Td (based ) Tj ET Q q 0 0 0 rg BT 292.98 611.70 Td (on ) Tj ET Q q 0 0 0 rg BT 308.69 611.70 Td (inflation ) Tj ET Q q 0 0 0 rg BT 350.08 611.70 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 407.36 611.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 443.85 611.70 Td (published ) Tj ET Q q 0 0 0 rg BT 494.42 611.70 Td (in ) Tj ET Q q 0 0 0 rg BT 506.45 611.70 Td (the ) Tj ET Q q 0 0 0 rg BT 525.22 611.70 Td (Federal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.50 Td (Register) Tj ET Q q 0 0 0 rg BT 89.85 598.50 Td (. ) Tj ET Q q 0 0 0 rg BT 94.63 598.50 Td (The ) Tj ET Q q 0 0 0 rg BT 115.42 598.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 144.78 598.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 171.09 598.50 Td (and ) Tj ET Q q 0 0 0 rg BT 191.28 598.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 217.59 598.50 Td (PTC ) Tj ET Q q 0 0 0 rg BT 241.42 598.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 267.72 598.50 Td (were ) Tj ET Q q 0 0 0 rg BT 293.39 598.50 Td ($6.810, ) Tj ET Q q 0 0 0 rg BT 331.93 598.50 Td ($6.710, ) Tj ET Q q 0 0 0 rg BT 370.47 598.50 Td (and ) Tj ET Q q 0 0 0 rg BT 390.66 598.50 Td ($6.601 ) Tj ET Q q 0 0 0 rg BT 426.14 598.50 Td (per ) Tj ET Q q 0 0 0 rg BT 443.88 598.50 Td (ton ) Tj ET Q q 0 0 0 rg BT 461.00 598.50 Td (of ) Tj ET Q q 0 0 0 rg BT 472.02 598.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.60 598.50 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.30 Td (fuel ) Tj ET Q q 0 0 0 rg BT 70.29 585.30 Td (produced, ) Tj ET Q q 0 0 0 rg BT 122.27 585.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 179.53 585.30 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 560.10 Td (inuum ) Tj ET Q q 0 0 0 rg BT 90.81 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 103.79 560.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 141.25 560.10 Td (42.5% ) Tj ET Q q 0 0 0 rg BT 177.48 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 193.14 560.10 Td (ADA-ES, ) Tj ET Q q 0 0 0 rg BT 242.19 560.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 264.96 560.10 Td (\(ADA\), ) Tj ET Q q 0 0 0 rg BT 310.32 560.10 Td (42.5% ) Tj ET Q q 0 0 0 rg BT 346.55 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.21 560.10 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 408.60 560.10 Td (Refined ) Tj ET Q q 0 0 0 rg BT 451.56 560.10 Td (Coal, ) Tj ET Q q 0 0 0 rg BT 482.28 560.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 507.50 560.10 Td (\(NexGen\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 546.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 105.53 546.90 Td (, ) Tj ET Q q 0 0 0 rg BT 111.16 546.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 140.73 546.90 Td (A) Tj ET Q q 0 0 0 rg BT 147.46 546.90 Td ( ) Tj ET Q q 0 0 0 rg BT 150.04 546.90 Td (Members\), ) Tj ET Q q 0 0 0 rg BT 205.18 546.90 Td (and ) Tj ET Q q 0 0 0 rg BT 226.10 546.90 Td (15% ) Tj ET Q q 0 0 0 rg BT 250.70 546.90 Td (by ) Tj ET Q q 0 0 0 rg BT 264.89 546.90 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 297.41 546.90 Td (Investments ) Tj ET Q q 0 0 0 rg BT 359.29 546.90 Td (I ) Tj ET Q q 0 0 0 rg BT 364.92 546.90 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 394.40 546.90 Td (\(GSFS ) Tj ET Q q 0 0 0 rg BT 437.91 546.90 Td (or ) Tj ET Q q 0 0 0 rg BT 450.27 546.90 Td (the ) Tj ET Q q 0 0 0 rg BT 468.14 546.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 501.88 546.90 Td (B ) Tj ET Q q 0 0 0 rg BT 511.79 546.90 Td (Member\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 533.70 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 78.23 533.70 Td (NexGen, ) Tj ET Q q 0 0 0 rg BT 124.70 533.70 Td (and ) Tj ET Q q 0 0 0 rg BT 146.10 533.70 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 179.11 533.70 Td (are ) Tj ET Q q 0 0 0 rg BT 198.06 533.70 Td (collectively ) Tj ET Q q 0 0 0 rg BT 254.31 533.70 Td (referred ) Tj ET Q q 0 0 0 rg BT 295.88 533.70 Td (to ) Tj ET Q q 0 0 0 rg BT 308.11 533.70 Td (herein ) Tj ET Q q 0 0 0 rg BT 341.74 533.70 Td (as ) Tj ET Q q 0 0 0 rg BT 356.42 533.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.76 533.70 Td (Members. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 508.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 508.50 Td (inuum ) Tj ET Q q 0 0 0 rg BT 88.75 508.50 Td (placed ) Tj ET Q q 0 0 0 rg BT 124.14 508.50 Td (in ) Tj ET Q q 0 0 0 rg BT 135.67 508.50 Td (service ) Tj ET Q q 0 0 0 rg BT 173.49 508.50 Td (two ) Tj ET Q q 0 0 0 rg BT 193.58 508.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 218.56 508.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 264.32 508.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 289.30 508.50 Td (to ) Tj ET Q q 0 0 0 rg BT 301.45 508.50 Td (January ) Tj ET Q q 0 0 0 rg BT 343.56 508.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 355.71 508.50 Td (2010 ) Tj ET Q q 0 0 0 rg BT 383.16 508.50 Td (and ) Tj ET Q q 0 0 0 rg BT 404.49 508.50 Td (26 ) Tj ET Q q 0 0 0 rg BT 419.70 508.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 469.77 508.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 494.74 508.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 540.50 508.50 Td (prior ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 495.30 Td (to ) Tj ET Q q 0 0 0 rg BT 60.22 495.30 Td (January ) Tj ET Q q 0 0 0 rg BT 100.91 495.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 111.63 495.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 140.70 495.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 167.32 495.30 Td (REF ) Tj ET Q q 0 0 0 rg BT 190.87 495.30 Td (Facility ) Tj ET Q q 0 0 0 rg BT 226.65 495.30 Td (has ) Tj ET Q q 0 0 0 rg BT 245.93 495.30 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 314.74 495.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.58 495.30 Td (required ) Tj ET Q q 0 0 0 rg BT 373.49 495.30 Td (emission ) Tj ET Q q 0 0 0 rg BT 418.44 495.30 Td (reductions ) Tj ET Q q 0 0 0 rg BT 470.74 495.30 Td (from ) Tj ET Q q 0 0 0 rg BT 494.29 495.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.13 495.30 Td (production ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.25 482.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 103.57 482.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 155.05 482.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 175.36 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.10 482.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 221.47 482.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.88 482.10 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 269.84 482.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.37 482.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 333.69 482.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 385.17 482.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 405.48 482.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 453.92 482.10 Td (at ) Tj ET Q q 0 0 0 rg BT 465.67 482.10 Td (these ) Tj ET Q q 0 0 0 rg BT 495.15 482.10 Td (REF ) Tj ET Q q 0 0 0 rg BT 519.72 482.10 Td (Facilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 468.90 Td (is ) Tj ET Q q 0 0 0 rg BT 60.03 468.90 Td (burned ) Tj ET Q q 0 0 0 rg BT 96.87 468.90 Td (at ) Tj ET Q q 0 0 0 rg BT 108.64 468.90 Td (coal-fired ) Tj ET Q q 0 0 0 rg BT 156.47 468.90 Td (generation ) Tj ET Q q 0 0 0 rg BT 211.04 468.90 Td (stations ) Tj ET Q q 0 0 0 rg BT 251.54 468.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 273.08 468.90 Td (owner ) Tj ET Q q 0 0 0 rg BT 305.63 468.90 Td (of ) Tj ET Q q 0 0 0 rg BT 317.39 468.90 Td (which ) Tj ET Q q 0 0 0 rg BT 348.11 468.90 Td (is ) Tj ET Q q 0 0 0 rg BT 358.64 468.90 Td (a ) Tj ET Q q 0 0 0 rg BT 367.35 468.90 Td (Generator\) ) Tj ET Q q 0 0 0 rg BT 430.45 468.90 Td (and ) Tj ET Q q 0 0 0 rg BT 451.39 468.90 Td (is ) Tj ET Q q 0 0 0 rg BT 461.92 468.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 509.16 468.90 Td (to ) Tj ET Q q 0 0 0 rg BT 520.92 468.90 Td (continue ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 60.86 455.70 Td (qualify ) Tj ET Q q 0 0 0 rg BT 94.85 455.70 Td (for ) Tj ET Q q 0 0 0 rg BT 109.87 455.70 Td (PTCs ) Tj ET Q q 0 0 0 rg BT 139.56 455.70 Td (for ) Tj ET Q q 0 0 0 rg BT 154.58 455.70 Td (a ) Tj ET Q q 0 0 0 rg BT 162.89 455.70 Td (period ) Tj ET Q q 0 0 0 rg BT 195.65 455.70 Td (of ) Tj ET Q q 0 0 0 rg BT 207.01 455.70 Td (ten ) Tj ET Q q 0 0 0 rg BT 224.49 455.70 Td (years ) Tj ET Q q 0 0 0 rg BT 253.58 455.70 Td (following ) Tj ET Q q 0 0 0 rg BT 298.57 455.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.05 455.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 367.77 455.70 Td (placed ) Tj ET Q q 0 0 0 rg BT 402.37 455.70 Td (in ) Tj ET Q q 0 0 0 rg BT 413.12 455.70 Td (service ) Tj ET Q q 0 0 0 rg BT 450.15 455.70 Td (date ) Tj ET Q q 0 0 0 rg BT 473.75 455.70 Td (\(expiring ) Tj ET Q q 0 0 0 rg BT 518.12 455.70 Td (at ) Tj ET Q q 0 0 0 rg BT 529.48 455.70 Td (certain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 442.50 Td (dates ) Tj ET Q q 0 0 0 rg BT 79.47 442.50 Td (in ) Tj ET Q q 0 0 0 rg BT 91.08 442.50 Td (2019 ) Tj ET Q q 0 0 0 rg BT 118.61 442.50 Td (and ) Tj ET Q q 0 0 0 rg BT 140.02 442.50 Td (2021, ) Tj ET Q q 0 0 0 rg BT 170.60 442.50 Td (respectively\).) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 417.30 Td (At ) Tj ET Q q 0 0 0 rg BT 63.11 417.30 Td (December ) Tj ET Q q 0 0 0 rg BT 117.06 417.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.56 417.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 163.25 417.30 Td (and ) Tj ET Q q 0 0 0 rg BT 184.81 417.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 215.55 417.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 272.81 417.30 Td (, ) Tj ET Q q 0 0 0 rg BT 279.08 417.30 Td (13 ) Tj ET Q q 0 0 0 rg BT 294.53 417.30 Td (and ) Tj ET Q q 0 0 0 rg BT 316.10 417.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 331.55 417.30 Td (REF ) Tj ET Q q 0 0 0 rg BT 356.76 417.30 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 402.76 417.30 Td (were ) Tj ET Q q 0 0 0 rg BT 429.81 417.30 Td (under ) Tj ET Q q 0 0 0 rg BT 461.16 417.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 490.67 417.30 Td (with ) Tj ET Q q 0 0 0 rg BT 513.44 417.30 Td (third ) Tj ET Q q 0 0 0 rg BT 538.06 417.30 Td (party ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 96.70 404.10 Td (who ) Tj ET Q q 0 0 0 rg BT 120.07 404.10 Td (use ) Tj ET Q q 0 0 0 rg BT 140.99 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.47 404.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 201.78 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.14 404.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 257.07 404.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 300.01 404.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 352.10 404.10 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 376.08 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.06 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.20 404.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 436.80 404.10 Td (REF ) Tj ET Q q 0 0 0 rg BT 461.98 404.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 507.96 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.04 404.10 Td (located ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 390.90 Td (at ) Tj ET Q q 0 0 0 rg BT 61.73 390.90 Td (coal-fired ) Tj ET Q q 0 0 0 rg BT 110.03 390.90 Td (generation ) Tj ET Q q 0 0 0 rg BT 165.07 390.90 Td (stations ) Tj ET Q q 0 0 0 rg BT 206.04 390.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 261.69 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.04 390.90 Td (United ) Tj ET Q q 0 0 0 rg BT 314.89 390.90 Td (States. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 365.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 365.70 Td (inuum ) Tj ET Q q 0 0 0 rg BT 88.60 365.70 Td (has ) Tj ET Q q 0 0 0 rg BT 109.16 365.70 Td (also ) Tj ET Q q 0 0 0 rg BT 132.17 365.70 Td (produced ) Tj ET Q q 0 0 0 rg BT 180.87 365.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 223.45 365.70 Td (emissions ) Tj ET Q q 0 0 0 rg BT 275.18 365.70 Td (fuel ) Tj ET Q q 0 0 0 rg BT 295.75 365.70 Td (from ) Tj ET Q q 0 0 0 rg BT 320.58 365.70 Td (REF ) Tj ET Q q 0 0 0 rg BT 345.41 365.70 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 391.02 365.70 Td (for ) Tj ET Q q 0 0 0 rg BT 406.69 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 424.81 365.70 Td (benefit ) Tj ET Q q 0 0 0 rg BT 460.67 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.67 365.70 Td (its ) Tj ET Q q 0 0 0 rg BT 486.50 365.70 Td (Members. ) Tj ET Q q 0 0 0 rg BT 537.66 365.70 Td (As ) Tj ET Q q 0 0 0 rg BT 553.33 365.70 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 352.50 Td (December ) Tj ET Q q 0 0 0 rg BT 102.24 352.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.53 352.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 146.00 352.50 Td (and ) Tj ET Q q 0 0 0 rg BT 166.35 352.50 Td (December ) Tj ET Q q 0 0 0 rg BT 219.09 352.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 236.39 352.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 265.91 352.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 323.17 352.50 Td (, ) Tj ET Q q 0 0 0 rg BT 328.23 352.50 Td (zero ) Tj ET Q q 0 0 0 rg BT 351.63 352.50 Td (and ) Tj ET Q q 0 0 0 rg BT 371.98 352.50 Td (five ) Tj ET Q q 0 0 0 rg BT 391.10 352.50 Td (of ) Tj ET Q q 0 0 0 rg BT 402.27 352.50 Td (the ) Tj ET Q q 0 0 0 rg BT 419.56 352.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 443.56 352.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 488.35 352.50 Td (were ) Tj ET Q q 0 0 0 rg BT 514.19 352.50 Td (producing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 339.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 92.31 339.30 Td (emissions ) Tj ET Q q 0 0 0 rg BT 144.27 339.30 Td (fuel ) Tj ET Q q 0 0 0 rg BT 165.06 339.30 Td (for ) Tj ET Q q 0 0 0 rg BT 180.95 339.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.30 339.30 Td (Members.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 314.10 Td (inuum ) Tj ET Q q 0 0 0 rg BT 87.64 314.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 134.74 314.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 156.79 314.10 Td (\(TS\), ) Tj ET Q q 0 0 0 rg BT 190.42 314.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 232.02 314.10 Td (known ) Tj ET Q q 0 0 0 rg BT 265.68 314.10 Td (as ) Tj ET Q q 0 0 0 rg BT 279.17 314.10 Td (Clean ) Tj ET Q q 0 0 0 rg BT 309.78 314.10 Td (Coal ) Tj ET Q q 0 0 0 rg BT 334.27 314.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 381.39 314.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 428.49 314.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 450.54 314.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 495.21 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.43 314.10 Td (maintains ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 300.90 Td (the ) Tj ET Q q 0 0 0 rg BT 68.70 300.90 Td (REF ) Tj ET Q q 0 0 0 rg BT 94.60 300.90 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 141.29 300.90 Td (under ) Tj ET Q q 0 0 0 rg BT 173.33 300.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 227.36 300.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 277.14 300.90 Td (and ) Tj ET Q q 0 0 0 rg BT 299.39 300.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 366.28 300.90 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 431.08 300.90 Td (TS ) Tj ET Q q 0 0 0 rg BT 449.04 300.90 Td (is ) Tj ET Q q 0 0 0 rg BT 460.89 300.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 497.21 300.90 Td (50% ) Tj ET Q q 0 0 0 rg BT 523.13 300.90 Td (each ) Tj ET Q q 0 0 0 rg BT 550.88 300.90 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 287.70 Td (ADA) Tj ET Q q 0 0 0 rg BT 71.51 287.70 Td ( ) Tj ET Q q 0 0 0 rg BT 75.60 287.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.05 287.70 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 142.49 287.70 Td (and ) Tj ET Q q 0 0 0 rg BT 164.94 287.70 Td (is ) Tj ET Q q 0 0 0 rg BT 176.97 287.70 Td (not ) Tj ET Q q 0 0 0 rg BT 196.36 287.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 262.22 287.70 Td (with ) Tj ET Q q 0 0 0 rg BT 285.87 287.70 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 287.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 353.37 287.70 Td (of ) Tj ET Q q 0 0 0 rg BT 366.37 287.70 Td (T) Tj ET Q q 0 0 0 rg BT 372.68 287.70 Td (inuum. ) Tj ET Q q 0 0 0 rg BT 409.79 287.70 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 454.85 287.70 Td (of ) Tj ET Q q 0 0 0 rg BT 468.12 287.70 Td (REF ) Tj ET Q q 0 0 0 rg BT 494.21 287.70 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 544.14 287.70 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 274.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 274.50 Td (inuum ) Tj ET Q q 0 0 0 rg BT 88.06 274.50 Td (for ) Tj ET Q q 0 0 0 rg BT 103.19 274.50 Td (retained ) Tj ET Q q 0 0 0 rg BT 145.24 274.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 169.53 274.50 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 217.66 274.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 237.54 274.50 Td (TS, ) Tj ET Q q 0 0 0 rg BT 256.94 274.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 294.09 274.50 Td (to ) Tj ET Q q 0 0 0 rg BT 305.56 274.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 340.86 274.50 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 395.12 274.50 Td (a ) Tj ET Q q 0 0 0 rg BT 403.52 274.50 Td (fee ) Tj ET Q q 0 0 0 rg BT 421.11 274.50 Td (for ) Tj ET Q q 0 0 0 rg BT 436.24 274.50 Td (procuring ) Tj ET Q q 0 0 0 rg BT 484.39 274.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.70 274.50 Td (patented ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 261.30 Td (and ) Tj ET Q q 0 0 0 rg BT 70.21 261.30 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 125.14 261.30 Td (chemical ) Tj ET Q q 0 0 0 rg BT 170.90 261.30 Td (additives, ) Tj ET Q q 0 0 0 rg BT 219.73 261.30 Td (and ) Tj ET Q q 0 0 0 rg BT 240.44 261.30 Td (an ) Tj ET Q q 0 0 0 rg BT 255.03 261.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.26 261.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 320.91 261.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 373.40 261.30 Td (for ) Tj ET Q q 0 0 0 rg BT 388.59 261.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.24 261.30 Td (production ) Tj ET Q q 0 0 0 rg BT 459.96 261.30 Td (of ) Tj ET Q q 0 0 0 rg BT 471.49 261.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.60 261.30 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 73.35 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.76 248.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.65 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.00 248.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.13 248.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 206.05 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.46 248.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 293.50 248.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 322.23 248.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 377.88 248.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.50 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.84 248.10 Td (REF ) Tj ET Q q 0 0 0 rg BT 443.90 248.10 Td (Facilities. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 222.90 Td (Basis ) Tj ET Q q 0 0 0 rg BT 81.91 222.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.35 222.90 Td (Presentation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 197.70 Td (The ) Tj ET Q q 0 0 0 rg BT 70.06 197.70 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 142.61 197.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 205.98 197.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.95 197.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 303.37 197.70 Td (are ) Tj ET Q q 0 0 0 rg BT 320.87 197.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 371.41 197.70 Td (in ) Tj ET Q q 0 0 0 rg BT 381.58 197.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 440.06 197.70 Td (with ) Tj ET Q q 0 0 0 rg BT 461.23 197.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 516.05 197.70 Td (principles ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 184.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 98.05 184.50 Td (accepted ) Tj ET Q q 0 0 0 rg BT 146.61 184.50 Td (in ) Tj ET Q q 0 0 0 rg BT 159.09 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.29 184.50 Td (United ) Tj ET Q q 0 0 0 rg BT 214.00 184.50 Td (States ) Tj ET Q q 0 0 0 rg BT 249.10 184.50 Td (\(GAAP\). ) Tj ET Q q 0 0 0 rg BT 301.04 184.50 Td (The ) Tj ET Q q 0 0 0 rg BT 323.91 184.50 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 398.75 184.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.43 184.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.71 184.50 Td (statements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 171.30 Td (include ) Tj ET Q q 0 0 0 rg BT 87.23 171.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.38 171.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 152.28 171.30 Td (of ) Tj ET Q q 0 0 0 rg BT 164.32 171.30 Td (the ) Tj ET Q q 0 0 0 rg BT 182.48 171.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.42 171.30 Td (and ) Tj ET Q q 0 0 0 rg BT 253.64 171.30 Td (several ) Tj ET Q q 0 0 0 rg BT 291.97 171.30 Td (variable ) Tj ET Q q 0 0 0 rg BT 333.35 171.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.29 171.30 Td (entities ) Tj ET Q q 0 0 0 rg BT 410.01 171.30 Td (\(VIEs\) ) Tj ET Q q 0 0 0 rg BT 450.76 171.30 Td (for ) Tj ET Q q 0 0 0 rg BT 466.47 171.30 Td (which ) Tj ET Q q 0 0 0 rg BT 497.27 171.30 Td (T) Tj ET Q q 0 0 0 rg BT 503.58 171.30 Td (inuum ) Tj ET Q q 0 0 0 rg BT 536.41 171.30 Td (is ) Tj ET Q q 0 0 0 rg BT 547.22 171.30 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 88.33 158.10 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 140.71 158.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.50 158.10 Td (An ) Tj ET Q q 0 0 0 rg BT 161.12 158.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 189.57 158.10 Td (is ) Tj ET Q q 0 0 0 rg BT 199.68 158.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 240.36 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.70 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.48 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.76 158.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 293.65 158.10 Td (if ) Tj ET Q q 0 0 0 rg BT 301.32 158.10 Td (it ) Tj ET Q q 0 0 0 rg BT 308.98 158.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 341.10 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.56 158.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 393.72 158.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 434.42 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.72 158.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 469.50 158.10 Td (810 ) Tj ET Q q 0 0 0 rg BT 490.01 158.10 Td (- ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 495.84 158.10 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 565.55 158.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 144.90 Td (\("ASC ) Tj ET Q q 0 0 0 rg BT 82.38 144.90 Td (810"\), ) Tj ET Q q 0 0 0 rg BT 114.04 144.90 Td (which ) Tj ET Q q 0 0 0 rg BT 144.86 144.90 Td (are: ) Tj ET Q q 0 0 0 rg BT 166.50 144.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 178.96 144.90 Td (the ) Tj ET Q q 0 0 0 rg BT 196.94 144.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 225.93 144.90 Td (has ) Tj ET Q q 0 0 0 rg BT 246.35 144.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 278.40 144.90 Td (that ) Tj ET Q q 0 0 0 rg BT 299.43 144.90 Td (is ) Tj ET Q q 0 0 0 rg BT 310.07 144.90 Td (insuf) Tj ET Q q 0 0 0 rg BT 333.10 144.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 364.53 144.90 Td (to ) Tj ET Q q 0 0 0 rg BT 376.39 144.90 Td (permit ) Tj ET Q q 0 0 0 rg BT 409.65 144.90 Td (the ) Tj ET Q q 0 0 0 rg BT 427.63 144.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 456.61 144.90 Td (to ) Tj ET Q q 0 0 0 rg BT 468.47 144.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 506.64 144.90 Td (its ) Tj ET Q q 0 0 0 rg BT 520.33 144.90 Td (activities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 131.70 Td (without ) Tj ET Q q 0 0 0 rg BT 88.11 131.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 138.96 131.70 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 206.32 131.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.43 131.70 Td (support ) Tj ET Q q 0 0 0 rg BT 290.88 131.70 Td (from ) Tj ET Q q 0 0 0 rg BT 316.63 131.70 Td (other ) Tj ET Q q 0 0 0 rg BT 345.46 131.70 Td (parties; ) Tj ET Q q 0 0 0 rg BT 385.29 131.70 Td (or ) Tj ET Q q 0 0 0 rg BT 398.83 131.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 414.80 131.70 Td (the ) Tj ET Q q 0 0 0 rg BT 433.84 131.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 463.89 131.70 Td (has ) Tj ET Q q 0 0 0 rg BT 485.38 131.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 518.49 131.70 Td (investors ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.50 Td (that ) Tj ET Q q 0 0 0 rg BT 70.26 118.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 105.70 118.50 Td (make ) Tj ET Q q 0 0 0 rg BT 135.02 118.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 186.35 118.50 Td (decisions ) Tj ET Q q 0 0 0 rg BT 234.62 118.50 Td (about ) Tj ET Q q 0 0 0 rg BT 264.56 118.50 Td (the ) Tj ET Q q 0 0 0 rg BT 282.27 118.50 Td (entity) Tj ET Q q 0 0 0 rg BT 310.80 118.50 Td (s ) Tj ET Q q 0 0 0 rg BT 318.72 118.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 372.50 118.50 Td (or ) Tj ET Q q 0 0 0 rg BT 384.70 118.50 Td (that ) Tj ET Q q 0 0 0 rg BT 405.46 118.50 Td (do ) Tj ET Q q 0 0 0 rg BT 420.11 118.50 Td (not ) Tj ET Q q 0 0 0 rg BT 437.81 118.50 Td (absorb ) Tj ET Q q 0 0 0 rg BT 473.86 118.50 Td (their ) Tj ET Q q 0 0 0 rg BT 497.68 118.50 Td (proportionate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.30 Td (share ) Tj ET Q q 0 0 0 rg BT 80.07 105.30 Td (of ) Tj ET Q q 0 0 0 rg BT 92.30 105.30 Td (the ) Tj ET Q q 0 0 0 rg BT 110.65 105.30 Td (entity) Tj ET Q q 0 0 0 rg BT 139.19 105.30 Td (s ) Tj ET Q q 0 0 0 rg BT 147.74 105.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 195.44 105.30 Td (losses ) Tj ET Q q 0 0 0 rg BT 229.68 105.30 Td (or ) Tj ET Q q 0 0 0 rg BT 242.52 105.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.22 105.30 Td (returns.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 78.90 Td (The ) Tj ET Q q 0 0 0 rg BT 71.58 78.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.79 78.90 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 186.07 78.90 Td (a ) Tj ET Q q 0 0 0 rg BT 195.32 78.90 Td (VIE ) Tj ET Q q 0 0 0 rg BT 216.18 78.90 Td (when ) Tj ET Q q 0 0 0 rg BT 245.60 78.90 Td (it ) Tj ET Q q 0 0 0 rg BT 254.23 78.90 Td (has ) Tj ET Q q 0 0 0 rg BT 275.10 78.90 Td (both ) Tj ET Q q 0 0 0 rg BT 299.64 78.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.06 78.90 Td (power ) Tj ET Q q 0 0 0 rg BT 351.15 78.90 Td (to ) Tj ET Q q 0 0 0 rg BT 363.45 78.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 393.48 78.90 Td (the ) Tj ET Q q 0 0 0 rg BT 411.90 78.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.21 78.90 Td (that ) Tj ET Q q 0 0 0 rg BT 478.68 78.90 Td (most ) Tj ET Q q 0 0 0 rg BT 505.65 78.90 Td (significantly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 65.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 84.64 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.68 65.70 Td (VIE) Tj ET Q q 0 0 0 rg BT 122.65 65.70 Td (s ) Tj ET Q q 0 0 0 rg BT 130.90 65.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.72 65.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.21 65.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.31 65.70 Td (a ) Tj ET Q q 0 0 0 rg BT 275.17 65.70 Td (right ) Tj ET Q q 0 0 0 rg BT 299.32 65.70 Td (to ) Tj ET Q q 0 0 0 rg BT 311.23 65.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 349.44 65.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.71 65.70 Td (or ) Tj ET Q q 0 0 0 rg BT 403.23 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.27 65.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 471.11 65.70 Td (to ) Tj ET Q q 0 0 0 rg BT 483.03 65.70 Td (absorb ) Tj ET Q q 0 0 0 rg BT 519.40 65.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 553.33 65.70 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 52.50 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 52.50 Td (entity ) Tj ET Q q 0 0 0 rg BT 97.20 52.50 Td (that ) Tj ET Q q 0 0 0 rg BT 118.60 52.50 Td (could ) Tj ET Q q 0 0 0 rg BT 147.95 52.50 Td (be ) Tj ET Q q 0 0 0 rg BT 163.24 52.50 Td (potentially ) Tj ET Q q 0 0 0 rg BT 215.83 52.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 267.80 52.50 Td (to ) Tj ET Q q 0 0 0 rg BT 280.03 52.50 Td (the ) Tj ET Q q 0 0 0 rg BT 298.38 52.50 Td (VIE ) Tj ET Q q 0 0 0 rg BT 319.17 52.50 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 343.62 52.50 Td (it ) Tj ET Q q 0 0 0 rg BT 352.17 52.50 Td (is ) Tj ET Q q 0 0 0 rg BT 363.17 52.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.52 52.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 421.24 52.50 Td (beneficiary\).) Tj ET Q endstream endobj 265 0 obj <> endobj 266 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (131) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 699.90 Td (All ) Tj ET Q q 0 0 0 rg BT 64.78 699.90 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 133.87 699.90 Td (balances ) Tj ET Q q 0 0 0 rg BT 180.96 699.90 Td (and ) Tj ET Q q 0 0 0 rg BT 202.37 699.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 264.73 699.90 Td (have ) Tj ET Q q 0 0 0 rg BT 291.64 699.90 Td (been ) Tj ET Q q 0 0 0 rg BT 319.17 699.90 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 372.36 699.90 Td (in ) Tj ET Q q 0 0 0 rg BT 383.98 699.90 Td (consolidation. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 674.70 Td (Use ) Tj ET Q q 0 0 0 rg BT 72.74 674.70 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 674.70 Td (Estimates) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 649.50 Td (The ) Tj ET Q q 0 0 0 rg BT 71.43 649.50 Td (preparation ) Tj ET Q q 0 0 0 rg BT 130.06 649.50 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 649.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.56 649.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.34 649.50 Td (in ) Tj ET Q q 0 0 0 rg BT 253.88 649.50 Td (conformity ) Tj ET Q q 0 0 0 rg BT 307.60 649.50 Td (with ) Tj ET Q q 0 0 0 rg BT 330.14 649.50 Td (GAAP) Tj ET Q q 0 0 0 rg BT 360.51 649.50 Td ( ) Tj ET Q q 0 0 0 rg BT 363.49 649.50 Td (requires ) Tj ET Q q 0 0 0 rg BT 406.21 649.50 Td (management ) Tj ET Q q 0 0 0 rg BT 473.39 649.50 Td (to ) Tj ET Q q 0 0 0 rg BT 485.55 649.50 Td (make ) Tj ET Q q 0 0 0 rg BT 515.42 649.50 Td (estimates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 69.78 636.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 133.46 636.30 Td (that ) Tj ET Q q 0 0 0 rg BT 153.73 636.30 Td (af) Tj ET Q q 0 0 0 rg BT 162.71 636.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.36 636.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.58 636.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 242.48 636.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.59 636.30 Td (of ) Tj ET Q q 0 0 0 rg BT 297.69 636.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.41 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 351.69 636.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 395.19 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 415.47 636.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 466.92 636.30 Td (of ) Tj ET Q q 0 0 0 rg BT 478.02 636.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 530.70 636.30 Td (assets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.44 623.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 116.60 623.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.24 623.10 Td (date ) Tj ET Q q 0 0 0 rg BT 173.24 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.00 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.88 623.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.82 623.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.21 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.15 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.03 623.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 391.59 623.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.37 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 623.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 493.47 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.41 623.10 Td (expenses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 609.90 Td (during ) Tj ET Q q 0 0 0 rg BT 82.78 609.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.78 609.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.90 609.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 183.24 609.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 250.15 609.90 Td (bases ) Tj ET Q q 0 0 0 rg BT 282.21 609.90 Td (its ) Tj ET Q q 0 0 0 rg BT 295.92 609.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 345.69 609.90 Td (on ) Tj ET Q q 0 0 0 rg BT 360.63 609.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 406.74 609.90 Td (experience ) Tj ET Q q 0 0 0 rg BT 463.26 609.90 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 609.90 Td (on ) Tj ET Q q 0 0 0 rg BT 499.26 609.90 Td (various ) Tj ET Q q 0 0 0 rg BT 537.43 609.90 Td (other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 596.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 113.98 596.70 Td (that ) Tj ET Q q 0 0 0 rg BT 135.05 596.70 Td (are ) Tj ET Q q 0 0 0 rg BT 153.68 596.70 Td (believed ) Tj ET Q q 0 0 0 rg BT 197.38 596.70 Td (to ) Tj ET Q q 0 0 0 rg BT 209.28 596.70 Td (be ) Tj ET Q q 0 0 0 rg BT 224.24 596.70 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 281.40 596.70 Td (under ) Tj ET Q q 0 0 0 rg BT 312.26 596.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.28 596.70 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 406.36 596.70 Td (Significant ) Tj ET Q q 0 0 0 rg BT 459.84 596.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 509.63 596.70 Td (include ) Tj ET Q q 0 0 0 rg BT 547.22 596.70 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 583.50 Td (assumption ) Tj ET Q q 0 0 0 rg BT 108.28 583.50 Td (that ) Tj ET Q q 0 0 0 rg BT 129.16 583.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.98 583.50 Td (Company) Tj ET Q q 0 0 0 rg BT 196.30 583.50 Td (s ) Tj ET Q q 0 0 0 rg BT 204.33 583.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 228.86 583.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 270.51 583.50 Td (can ) Tj ET Q q 0 0 0 rg BT 290.78 583.50 Td (be ) Tj ET Q q 0 0 0 rg BT 305.54 583.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 342.31 583.50 Td (after ) Tj ET Q q 0 0 0 rg BT 366.85 583.50 Td (the ) Tj ET Q q 0 0 0 rg BT 384.67 583.50 Td (expiration ) Tj ET Q q 0 0 0 rg BT 434.90 583.50 Td (of ) Tj ET Q q 0 0 0 rg BT 446.60 583.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.42 583.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 503.64 583.50 Td (45 ) Tj ET Q q 0 0 0 rg BT 518.40 583.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 535.61 583.50 Td (credit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 570.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 84.79 570.30 Td (Ultimate ) Tj ET Q q 0 0 0 rg BT 126.79 570.30 Td (realization ) Tj ET Q q 0 0 0 rg BT 178.58 570.30 Td (of ) Tj ET Q q 0 0 0 rg BT 189.41 570.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.86 570.30 Td (and ) Tj ET Q q 0 0 0 rg BT 242.87 570.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 295.27 570.30 Td (of ) Tj ET Q q 0 0 0 rg BT 306.10 570.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.33 570.30 Td (in ) Tj ET Q q 0 0 0 rg BT 359.55 570.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.50 570.30 Td (future ) Tj ET Q q 0 0 0 rg BT 406.28 570.30 Td (could ) Tj ET Q q 0 0 0 rg BT 434.24 570.30 Td (dif) Tj ET Q q 0 0 0 rg BT 445.65 570.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 460.15 570.30 Td (from ) Tj ET Q q 0 0 0 rg BT 483.80 570.30 Td (those ) Tj ET Q q 0 0 0 rg BT 512.37 570.30 Td (estimates.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Cash) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 519.90 Td (The ) Tj ET Q q 0 0 0 rg BT 70.79 519.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 112.25 519.90 Td (value ) Tj ET Q q 0 0 0 rg BT 140.88 519.90 Td (approximates ) Tj ET Q q 0 0 0 rg BT 209.25 519.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 226.86 519.90 Td (value ) Tj ET Q q 0 0 0 rg BT 255.50 519.90 Td (due ) Tj ET Q q 0 0 0 rg BT 276.19 519.90 Td (to ) Tj ET Q q 0 0 0 rg BT 287.69 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 305.32 519.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 357.77 519.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 391.30 519.90 Td (of ) Tj ET Q q 0 0 0 rg BT 402.81 519.90 Td (these ) Tj ET Q q 0 0 0 rg BT 432.05 519.90 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 494.15 519.90 Td (The ) Tj ET Q q 0 0 0 rg BT 515.44 519.90 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 506.70 Td (maintains ) Tj ET Q q 0 0 0 rg BT 100.30 506.70 Td (its ) Tj ET Q q 0 0 0 rg BT 115.03 506.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.99 506.70 Td (in ) Tj ET Q q 0 0 0 rg BT 154.28 506.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 202.03 506.70 Td (with ) Tj ET Q q 0 0 0 rg BT 225.32 506.70 Td (a ) Tj ET Q q 0 0 0 rg BT 235.16 506.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 279.25 506.70 Td (institution. ) Tj ET Q q 0 0 0 rg BT 332.26 506.70 Td (These ) Tj ET Q q 0 0 0 rg BT 366.56 506.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 414.31 506.70 Td (at ) Tj ET Q q 0 0 0 rg BT 427.21 506.70 Td (times ) Tj ET Q q 0 0 0 rg BT 457.22 506.70 Td (may ) Tj ET Q q 0 0 0 rg BT 481.72 506.70 Td (exceed ) Tj ET Q q 0 0 0 rg BT 520.92 506.70 Td (federally ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 493.50 Td (insured ) Tj ET Q q 0 0 0 rg BT 88.70 493.50 Td (limits. ) Tj ET Q q 0 0 0 rg BT 119.73 493.50 Td (The ) Tj ET Q q 0 0 0 rg BT 141.81 493.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.01 493.50 Td (has ) Tj ET Q q 0 0 0 rg BT 212.87 493.50 Td (not ) Tj ET Q q 0 0 0 rg BT 231.29 493.50 Td (experienced ) Tj ET Q q 0 0 0 rg BT 294.35 493.50 Td (any ) Tj ET Q q 0 0 0 rg BT 315.21 493.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 349.51 493.50 Td (in ) Tj ET Q q 0 0 0 rg BT 361.20 493.50 Td (these ) Tj ET Q q 0 0 0 rg BT 391.23 493.50 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 441.24 493.50 Td (The ) Tj ET Q q 0 0 0 rg BT 463.31 493.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.52 493.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 557.00 493.50 Td (it ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 480.30 Td (is ) Tj ET Q q 0 0 0 rg BT 60.50 480.30 Td (not ) Tj ET Q q 0 0 0 rg BT 78.85 480.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 123.49 480.30 Td (to ) Tj ET Q q 0 0 0 rg BT 135.72 480.30 Td (any ) Tj ET Q q 0 0 0 rg BT 156.51 480.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 208.48 480.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 238.44 480.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 258.60 480.30 Td (related ) Tj ET Q q 0 0 0 rg BT 295.29 480.30 Td (to ) Tj ET Q q 0 0 0 rg BT 307.52 480.30 Td (cash.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 102.67 455.10 Td (Receivable) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 429.90 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 96.80 429.90 Td (receivable ) Tj ET Q q 0 0 0 rg BT 148.99 429.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 185.28 429.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 228.88 429.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.11 429.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 268.46 429.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 318.20 429.90 Td (due ) Tj ET Q q 0 0 0 rg BT 338.60 429.90 Td (from ) Tj ET Q q 0 0 0 rg BT 362.66 429.90 Td (lessees ) Tj ET Q q 0 0 0 rg BT 402.00 429.90 Td (of ) Tj ET Q q 0 0 0 rg BT 413.23 429.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.57 429.90 Td (REF ) Tj ET Q q 0 0 0 rg BT 454.63 429.90 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 502.39 429.90 Td (The ) Tj ET Q q 0 0 0 rg BT 523.39 429.90 Td (carrying ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 416.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 89.27 416.70 Td (of ) Tj ET Q q 0 0 0 rg BT 101.52 416.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 148.63 416.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 201.85 416.70 Td (may ) Tj ET Q q 0 0 0 rg BT 225.71 416.70 Td (be ) Tj ET Q q 0 0 0 rg BT 241.03 416.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 283.86 416.70 Td (by ) Tj ET Q q 0 0 0 rg BT 298.56 416.70 Td (a ) Tj ET Q q 0 0 0 rg BT 307.75 416.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 354.87 416.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 406.87 416.70 Td (that ) Tj ET Q q 0 0 0 rg BT 428.29 416.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 466.83 416.70 Td (management's ) Tj ET Q q 0 0 0 rg BT 541.71 416.70 Td (best ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 403.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 93.61 403.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 403.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 150.06 403.50 Td (that ) Tj ET Q q 0 0 0 rg BT 170.95 403.50 Td (will ) Tj ET Q q 0 0 0 rg BT 188.77 403.50 Td (not ) Tj ET Q q 0 0 0 rg BT 206.60 403.50 Td (be ) Tj ET Q q 0 0 0 rg BT 221.38 403.50 Td (collected. ) Tj ET Q q 0 0 0 rg BT 270.39 403.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 302.89 403.50 Td (the ) Tj ET Q q 0 0 0 rg BT 320.72 403.50 Td (Company) Tj ET Q q 0 0 0 rg BT 370.05 403.50 Td (s ) Tj ET Q q 0 0 0 rg BT 378.09 403.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.93 403.50 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 470.61 403.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.23 403.50 Td (can ) Tj ET Q q 0 0 0 rg BT 529.50 403.50 Td (accrue ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 390.30 Td (on ) Tj ET Q q 0 0 0 rg BT 65.05 390.30 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 119.13 390.30 Td (balances. ) Tj ET Q q 0 0 0 rg BT 169.54 390.30 Td (No ) Tj ET Q q 0 0 0 rg BT 186.92 390.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.30 390.30 Td (on ) Tj ET Q q 0 0 0 rg BT 241.86 390.30 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 295.94 390.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 343.29 390.30 Td (was ) Tj ET Q q 0 0 0 rg BT 366.17 390.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 412.90 390.30 Td (for ) Tj ET Q q 0 0 0 rg BT 429.05 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 447.66 390.30 Td (years ) Tj ET Q q 0 0 0 rg BT 477.87 390.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.77 390.30 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 68.67 377.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 100.08 377.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 128.42 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.66 377.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 182.06 377.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 239.32 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.49 377.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 268.32 377.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 321.12 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.83 377.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 380.86 377.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 428.76 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.58 377.10 Td (based ) Tj ET Q q 0 0 0 rg BT 474.43 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.55 377.10 Td (management) Tj ET Q q 0 0 0 rg BT 557.00 377.10 Td (s ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 363.90 Td (assessment ) Tj ET Q q 0 0 0 rg BT 111.33 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 123.64 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.07 363.90 Td (collectability ) Tj ET Q q 0 0 0 rg BT 204.51 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 216.82 363.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 256.64 363.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 305.01 363.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 352.18 363.90 Td (and ) Tj ET Q q 0 0 0 rg BT 373.67 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.10 363.90 Td (aging ) Tj ET Q q 0 0 0 rg BT 422.15 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 434.46 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.89 363.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 500.06 363.90 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 556.39 363.90 Td (If ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 350.70 Td (there ) Tj ET Q q 0 0 0 rg BT 76.50 350.70 Td (is ) Tj ET Q q 0 0 0 rg BT 86.38 350.70 Td (a ) Tj ET Q q 0 0 0 rg BT 94.43 350.70 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 157.51 350.70 Td (of ) Tj ET Q q 0 0 0 rg BT 168.61 350.70 Td (a ) Tj ET Q q 0 0 0 rg BT 176.66 350.70 Td (major ) Tj ET Q q 0 0 0 rg BT 206.10 350.70 Td (customer) Tj ET Q q 0 0 0 rg BT 251.74 350.70 Td () Tj ET Q q 0 0 0 rg BT 253.99 350.70 Td (s ) Tj ET Q q 0 0 0 rg BT 261.42 350.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.25 350.70 Td (worthiness ) Tj ET Q q 0 0 0 rg BT 344.76 350.70 Td (or ) Tj ET Q q 0 0 0 rg BT 356.47 350.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 387.75 350.70 Td (defaults ) Tj ET Q q 0 0 0 rg BT 428.21 350.70 Td (are ) Tj ET Q q 0 0 0 rg BT 446.04 350.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 478.55 350.70 Td (than ) Tj ET Q q 0 0 0 rg BT 501.89 350.70 Td (the ) Tj ET Q q 0 0 0 rg BT 519.11 350.70 Td (historical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (experience, ) Tj ET Q q 0 0 0 rg BT 108.69 337.50 Td (management) Tj ET Q q 0 0 0 rg BT 175.14 337.50 Td (s ) Tj ET Q q 0 0 0 rg BT 182.96 337.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 232.35 337.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.84 337.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.45 337.50 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 328.57 337.50 Td (of ) Tj ET Q q 0 0 0 rg BT 340.07 337.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 384.57 337.50 Td (due ) Tj ET Q q 0 0 0 rg BT 405.25 337.50 Td (the ) Tj ET Q q 0 0 0 rg BT 422.86 337.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.25 337.50 Td (could ) Tj ET Q q 0 0 0 rg BT 500.87 337.50 Td (be ) Tj ET Q q 0 0 0 rg BT 515.42 337.50 Td (adversely ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 324.30 Td (af) Tj ET Q q 0 0 0 rg BT 58.48 324.30 Td (fected. ) Tj ET Q q 0 0 0 rg BT 93.10 324.30 Td (As ) Tj ET Q q 0 0 0 rg BT 107.95 324.30 Td (of ) Tj ET Q q 0 0 0 rg BT 119.13 324.30 Td (December ) Tj ET Q q 0 0 0 rg BT 171.88 324.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 189.18 324.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 215.66 324.30 Td (and ) Tj ET Q q 0 0 0 rg BT 236.02 324.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 265.55 324.30 Td (no ) Tj ET Q q 0 0 0 rg BT 279.79 324.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 330.72 324.30 Td (for ) Tj ET Q q 0 0 0 rg BT 345.56 324.30 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 386.72 324.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 432.75 324.30 Td (was ) Tj ET Q q 0 0 0 rg BT 454.32 324.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 510.14 324.30 Td (necessary) Tj ET Q q 0 0 0 rg BT 559.46 324.30 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (Inventory) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 273.90 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 96.54 273.90 Td (is ) Tj ET Q q 0 0 0 rg BT 106.28 273.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 158.82 273.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.17 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.14 273.90 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 262.02 273.90 Td (coal ) Tj ET Q q 0 0 0 rg BT 283.99 273.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.14 273.90 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 354.84 273.90 Td (used ) Tj ET Q q 0 0 0 rg BT 380.49 273.90 Td (in ) Tj ET Q q 0 0 0 rg BT 390.84 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 407.93 273.90 Td (production ) Tj ET Q q 0 0 0 rg BT 461.10 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 472.06 273.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.61 273.90 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 260.70 Td (fuel ) Tj ET Q q 0 0 0 rg BT 70.29 260.70 Td (at ) Tj ET Q q 0 0 0 rg BT 82.52 260.70 Td (REF ) Tj ET Q q 0 0 0 rg BT 107.58 260.70 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 153.42 260.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 188.89 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 210.30 260.70 Td (operated ) Tj ET Q q 0 0 0 rg BT 256.78 260.70 Td (by ) Tj ET Q q 0 0 0 rg BT 271.26 260.70 Td (T) Tj ET Q q 0 0 0 rg BT 277.57 260.70 Td (inuum. ) Tj ET Q q 0 0 0 rg BT 313.64 260.70 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 361.94 260.70 Td (is ) Tj ET Q q 0 0 0 rg BT 372.94 260.70 Td (valued ) Tj ET Q q 0 0 0 rg BT 408.41 260.70 Td (at ) Tj ET Q q 0 0 0 rg BT 420.64 260.70 Td (average ) Tj ET Q q 0 0 0 rg BT 463.45 260.70 Td (cost. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 235.50 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 92.90 235.50 Td (Royalties) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 210.30 Td (In ) Tj ET Q q 0 0 0 rg BT 60.91 210.30 Td (November ) Tj ET Q q 0 0 0 rg BT 113.89 210.30 Td (201) Tj ET Q q 0 0 0 rg BT 131.43 210.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 142.70 210.30 Td (T) Tj ET Q q 0 0 0 rg BT 149.01 210.30 Td (inuum ) Tj ET Q q 0 0 0 rg BT 181.21 210.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 220.76 210.30 Td (into ) Tj ET Q q 0 0 0 rg BT 240.73 210.30 Td (an ) Tj ET Q q 0 0 0 rg BT 255.21 210.30 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 302.69 210.30 Td (technology ) Tj ET Q q 0 0 0 rg BT 358.13 210.30 Td (license ) Tj ET Q q 0 0 0 rg BT 394.61 210.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 449.44 210.30 Td (with ) Tj ET Q q 0 0 0 rg BT 470.80 210.30 Td (ADA) Tj ET Q q 0 0 0 rg BT 492.81 210.30 Td ( ) Tj ET Q q 0 0 0 rg BT 495.05 210.30 Td (to ) Tj ET Q q 0 0 0 rg BT 506.46 210.30 Td (use ) Tj ET Q q 0 0 0 rg BT 526.44 210.30 Td (M-45 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 107.65 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.43 197.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 178.69 197.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 223.39 197.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 277.24 197.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 299.92 197.10 Td (which ) Tj ET Q q 0 0 0 rg BT 332.98 197.10 Td (entitles ) Tj ET Q q 0 0 0 rg BT 371.80 197.10 Td (ADA) Tj ET Q q 0 0 0 rg BT 393.81 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.75 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.87 197.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 450.83 197.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 488.18 197.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 543.55 197.10 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 98.63 183.90 Td (made ) Tj ET Q q 0 0 0 rg BT 128.20 183.90 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 166.94 183.90 Td (royalty ) Tj ET Q q 0 0 0 rg BT 201.39 183.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 251.14 183.90 Td (totaling ) Tj ET Q q 0 0 0 rg BT 288.66 183.90 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 318.24 183.90 Td (million ) Tj ET Q q 0 0 0 rg BT 351.46 183.90 Td (to ) Tj ET Q q 0 0 0 rg BT 362.28 183.90 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 390.01 183.90 Td (according ) Tj ET Q q 0 0 0 rg BT 439.75 183.90 Td (to ) Tj ET Q q 0 0 0 rg BT 450.98 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 468.32 183.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 497.87 183.90 Td (of ) Tj ET Q q 0 0 0 rg BT 509.10 183.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.44 183.90 Td (M-45 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 170.70 Td (technology ) Tj ET Q q 0 0 0 rg BT 105.19 170.70 Td (license ) Tj ET Q q 0 0 0 rg BT 141.92 170.70 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 200.05 170.70 Td (Royalty ) Tj ET Q q 0 0 0 rg BT 239.22 170.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 289.40 170.70 Td (have ) Tj ET Q q 0 0 0 rg BT 315.74 170.70 Td (been ) Tj ET Q q 0 0 0 rg BT 342.70 170.70 Td (applied ) Tj ET Q q 0 0 0 rg BT 380.66 170.70 Td (to ) Tj ET Q q 0 0 0 rg BT 392.32 170.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.10 170.70 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 449.29 170.70 Td (royalty ) Tj ET Q q 0 0 0 rg BT 484.17 170.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 525.19 170.70 Td (through ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 157.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 79.61 157.50 Td (As ) Tj ET Q q 0 0 0 rg BT 95.68 157.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.08 157.50 Td (December ) Tj ET Q q 0 0 0 rg BT 162.04 157.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 180.56 157.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 208.26 157.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.77 157.50 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 266.70 157.50 Td (royalty ) Tj ET Q q 0 0 0 rg BT 302.32 157.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 344.08 157.50 Td (was ) Tj ET Q q 0 0 0 rg BT 366.87 157.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 409.84 157.50 Td (to ) Tj ET Q q 0 0 0 rg BT 422.24 157.50 Td (zero. ) Tj ET Q q 0 0 0 rg BT 449.92 157.50 Td (See ) Tj ET Q q 0 0 0 rg BT 472.72 157.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 499.18 157.50 Td (10 ) Tj ET Q q 0 0 0 rg BT 514.65 157.50 Td (for ) Tj ET Q q 0 0 0 rg BT 530.71 157.50 Td (further ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 144.30 Td (discussion ) Tj ET Q q 0 0 0 rg BT 103.91 144.30 Td (of ) Tj ET Q q 0 0 0 rg BT 116.14 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 134.49 144.30 Td (future ) Tj ET Q q 0 0 0 rg BT 165.68 144.30 Td (royalty ) Tj ET Q q 0 0 0 rg BT 201.13 144.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 246.38 144.30 Td (commitments.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 117.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 80.88 117.90 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.60 92.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 112.60 92.70 Td (are ) Tj ET Q q 0 0 0 rg BT 130.70 92.70 Td (stated ) Tj ET Q q 0 0 0 rg BT 162.86 92.70 Td (at ) Tj ET Q q 0 0 0 rg BT 174.24 92.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 219.85 92.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 242.22 92.70 Td (and ) Tj ET Q q 0 0 0 rg BT 262.78 92.70 Td (consist ) Tj ET Q q 0 0 0 rg BT 299.22 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 310.59 92.70 Td (major ) Tj ET Q q 0 0 0 rg BT 340.30 92.70 Td (additions ) Tj ET Q q 0 0 0 rg BT 386.54 92.70 Td (and ) Tj ET Q q 0 0 0 rg BT 407.09 92.70 Td (improvements ) Tj ET Q q 0 0 0 rg BT 478.37 92.70 Td (less ) Tj ET Q q 0 0 0 rg BT 500.14 92.70 Td (accumulated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.50 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 115.82 79.50 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 183.36 79.50 Td (for ) Tj ET Q q 0 0 0 rg BT 199.53 79.50 Td (major ) Tj ET Q q 0 0 0 rg BT 230.37 79.50 Td (renewals ) Tj ET Q q 0 0 0 rg BT 277.72 79.50 Td (and ) Tj ET Q q 0 0 0 rg BT 299.41 79.50 Td (improvements ) Tj ET Q q 0 0 0 rg BT 371.82 79.50 Td (are ) Tj ET Q q 0 0 0 rg BT 391.05 79.50 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 449.42 79.50 Td (while ) Tj ET Q q 0 0 0 rg BT 477.82 79.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 544.14 79.50 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 66.30 Td (repair ) Tj ET Q q 0 0 0 rg BT 79.76 66.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 107.58 66.30 Td (that ) Tj ET Q q 0 0 0 rg BT 128.06 66.30 Td (do ) Tj ET Q q 0 0 0 rg BT 142.44 66.30 Td (not ) Tj ET Q q 0 0 0 rg BT 159.87 66.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 218.87 66.30 Td (improve ) Tj ET Q q 0 0 0 rg BT 260.13 66.30 Td (the ) Tj ET Q q 0 0 0 rg BT 277.57 66.30 Td (related ) Tj ET Q q 0 0 0 rg BT 313.34 66.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 341.77 66.30 Td (or ) Tj ET Q q 0 0 0 rg BT 353.69 66.30 Td (extend ) Tj ET Q q 0 0 0 rg BT 388.86 66.30 Td (its ) Tj ET Q q 0 0 0 rg BT 402.00 66.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 433.49 66.30 Td (life ) Tj ET Q q 0 0 0 rg BT 449.69 66.30 Td (are ) Tj ET Q q 0 0 0 rg BT 467.73 66.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 509.62 66.30 Td (to ) Tj ET Q q 0 0 0 rg BT 520.94 66.30 Td (expense ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 53.10 Td (as ) Tj ET Q q 0 0 0 rg BT 63.89 53.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 109.46 53.10 Td (For ) Tj ET Q q 0 0 0 rg BT 128.74 53.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.87 53.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 218.06 53.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 269.14 53.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 331.84 53.10 Td (is ) Tj ET Q q 0 0 0 rg BT 342.56 53.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 394.87 53.10 Td (using ) Tj ET Q q 0 0 0 rg BT 423.94 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.00 53.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 501.64 53.10 Td (method ) Tj ET Q q 0 0 0 rg BT 541.10 53.10 Td (over ) Tj ET Q endstream endobj 267 0 obj <> endobj 268 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (132) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 68.96 712.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 120.81 712.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 154.33 712.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 180.49 712.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.83 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.29 712.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 249.24 712.00 Td (ranging ) Tj ET Q q 0 0 0 rg BT 290.10 712.00 Td (from ) Tj ET Q q 0 0 0 rg BT 316.26 712.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 326.55 712.00 Td (to ) Tj ET Q q 0 0 0 rg BT 339.88 712.00 Td (20 ) Tj ET Q q 0 0 0 rg BT 356.28 712.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 390.40 712.00 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 456.32 712.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 502.07 712.00 Td (was ) Tj ET Q q 0 0 0 rg BT 525.80 712.00 Td ($4,528, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.80 Td ($3,243, ) Tj ET Q q 0 0 0 rg BT 89.26 698.80 Td (and ) Tj ET Q q 0 0 0 rg BT 110.67 698.80 Td ($2,625, ) Tj ET Q q 0 0 0 rg BT 150.42 698.80 Td (for ) Tj ET Q q 0 0 0 rg BT 166.32 698.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.66 698.80 Td (years ) Tj ET Q q 0 0 0 rg BT 214.62 698.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 248.26 698.80 Td (December ) Tj ET Q q 0 0 0 rg BT 302.06 698.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.41 698.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 350.99 698.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 378.52 698.80 Td (and ) Tj ET Q q 0 0 0 rg BT 399.93 698.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 430.51 698.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 487.77 698.80 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.60 Td (The ) Tj ET Q q 0 0 0 rg BT 70.00 673.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.63 673.60 Td (records ) Tj ET Q q 0 0 0 rg BT 156.86 673.60 Td (a ) Tj ET Q q 0 0 0 rg BT 164.52 673.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 199.08 673.60 Td (for ) Tj ET Q q 0 0 0 rg BT 213.47 673.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 241.31 673.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 292.38 673.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 346.52 673.60 Td (\(ARO\) ) Tj ET Q q 0 0 0 rg BT 386.56 673.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 415.02 673.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.74 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.58 673.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.41 673.60 Td (value ) Tj ET Q q 0 0 0 rg BT 487.26 673.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.98 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.82 673.60 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.36 660.40 Td (to ) Tj ET Q q 0 0 0 rg BT 84.23 660.40 Td (retire ) Tj ET Q q 0 0 0 rg BT 111.98 660.40 Td (a ) Tj ET Q q 0 0 0 rg BT 120.78 660.40 Td (REF ) Tj ET Q q 0 0 0 rg BT 145.47 660.40 Td (Facility) Tj ET Q q 0 0 0 rg BT 178.88 660.40 Td (. ) Tj ET Q q 0 0 0 rg BT 184.45 660.40 Td (The ) Tj ET Q q 0 0 0 rg BT 205.56 660.40 Td (ARO ) Tj ET Q q 0 0 0 rg BT 232.09 660.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 267.79 660.40 Td (is ) Tj ET Q q 0 0 0 rg BT 278.42 660.40 Td (initially ) Tj ET Q q 0 0 0 rg BT 314.12 660.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 360.22 660.40 Td (in ) Tj ET Q q 0 0 0 rg BT 371.47 660.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.45 660.40 Td (period ) Tj ET Q q 0 0 0 rg BT 422.72 660.40 Td (in ) Tj ET Q q 0 0 0 rg BT 433.97 660.40 Td (which ) Tj ET Q q 0 0 0 rg BT 464.78 660.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.76 660.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 532.54 660.40 Td (meets ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.35 647.20 Td (definition ) Tj ET Q q 0 0 0 rg BT 115.94 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 128.67 647.20 Td (a ) Tj ET Q q 0 0 0 rg BT 138.35 647.20 Td (liability) Tj ET Q q 0 0 0 rg BT 170.54 647.20 Td (, ) Tj ET Q q 0 0 0 rg BT 177.15 647.20 Td (which ) Tj ET Q q 0 0 0 rg BT 208.83 647.20 Td (is ) Tj ET Q q 0 0 0 rg BT 220.34 647.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 268.53 647.20 Td (when ) Tj ET Q q 0 0 0 rg BT 298.39 647.20 Td (a ) Tj ET Q q 0 0 0 rg BT 308.06 647.20 Td (REF ) Tj ET Q q 0 0 0 rg BT 333.62 647.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 371.40 647.20 Td (is ) Tj ET Q q 0 0 0 rg BT 382.90 647.20 Td (installed ) Tj ET Q q 0 0 0 rg BT 426.82 647.20 Td (at ) Tj ET Q q 0 0 0 rg BT 439.55 647.20 Td (a ) Tj ET Q q 0 0 0 rg BT 449.23 647.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 504.77 647.20 Td (station. ) Tj ET Q q 0 0 0 rg BT 543.56 647.20 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 634.00 Td (ARO ) Tj ET Q q 0 0 0 rg BT 75.46 634.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 110.59 634.00 Td (is ) Tj ET Q q 0 0 0 rg BT 120.65 634.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.46 634.00 Td (by ) Tj ET Q q 0 0 0 rg BT 184.19 634.00 Td (the ) Tj ET Q q 0 0 0 rg BT 201.61 634.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.80 634.00 Td (based ) Tj ET Q q 0 0 0 rg BT 282.89 634.00 Td (on ) Tj ET Q q 0 0 0 rg BT 297.25 634.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 322.61 634.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 363.85 634.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 430.16 634.00 Td (and ) Tj ET Q q 0 0 0 rg BT 450.64 634.00 Td (using ) Tj ET Q q 0 0 0 rg BT 479.05 634.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 534.38 634.00 Td (future ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 620.80 Td (inflation ) Tj ET Q q 0 0 0 rg BT 91.29 620.80 Td (rates. ) Tj ET Q q 0 0 0 rg BT 122.67 620.80 Td (When ) Tj ET Q q 0 0 0 rg BT 155.28 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 174.45 620.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 211.33 620.80 Td (is ) Tj ET Q q 0 0 0 rg BT 223.15 620.80 Td (initially ) Tj ET Q q 0 0 0 rg BT 260.04 620.80 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 310.38 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 329.55 620.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.50 620.80 Td (increases ) Tj ET Q q 0 0 0 rg BT 431.45 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 620.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 493.61 620.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 534.18 620.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 620.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (related ) Tj ET Q q 0 0 0 rg BT 86.94 607.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 137.82 607.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 167.92 607.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.33 607.60 Td (an ) Tj ET Q q 0 0 0 rg BT 199.37 607.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 239.86 607.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 270.58 607.60 Td (to ) Tj ET Q q 0 0 0 rg BT 283.56 607.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.65 607.60 Td (original ) Tj ET Q q 0 0 0 rg BT 341.92 607.60 Td (liability) Tj ET Q q 0 0 0 rg BT 374.11 607.60 Td (. ) Tj ET Q q 0 0 0 rg BT 380.72 607.60 Td (The ) Tj ET Q q 0 0 0 rg BT 403.48 607.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 440.29 607.60 Td (is ) Tj ET Q q 0 0 0 rg BT 452.04 607.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.54 607.60 Td (over ) Tj ET Q q 0 0 0 rg BT 528.74 607.60 Td (time ) Tj ET Q q 0 0 0 rg BT 553.32 607.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 594.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 83.36 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.55 594.40 Td (change ) Tj ET Q q 0 0 0 rg BT 142.55 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 155.01 594.40 Td (its ) Tj ET Q q 0 0 0 rg BT 169.92 594.40 Td (present ) Tj ET Q q 0 0 0 rg BT 210.51 594.40 Td (value, ) Tj ET Q q 0 0 0 rg BT 243.77 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 266.02 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.22 594.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 341.10 594.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 365.18 594.40 Td (is ) Tj ET Q q 0 0 0 rg BT 377.02 594.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 438.41 594.40 Td (over ) Tj ET Q q 0 0 0 rg BT 463.72 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.91 594.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 516.17 594.40 Td (life ) Tj ET Q q 0 0 0 rg BT 534.13 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 547.21 594.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 581.20 Td (related ) Tj ET Q q 0 0 0 rg BT 85.35 581.20 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 134.65 581.20 Td (asset. ) Tj ET Q q 0 0 0 rg BT 166.07 581.20 Td (The ) Tj ET Q q 0 0 0 rg BT 186.80 581.20 Td (ARO ) Tj ET Q q 0 0 0 rg BT 212.85 581.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 248.08 581.20 Td (is ) Tj ET Q q 0 0 0 rg BT 258.24 581.20 Td (removed ) Tj ET Q q 0 0 0 rg BT 303.25 581.20 Td (when ) Tj ET Q q 0 0 0 rg BT 331.76 581.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.27 581.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.56 581.20 Td (is ) Tj ET Q q 0 0 0 rg BT 408.72 581.20 Td (relieved ) Tj ET Q q 0 0 0 rg BT 449.46 581.20 Td (of ) Tj ET Q q 0 0 0 rg BT 460.85 581.20 Td (its ) Tj ET Q q 0 0 0 rg BT 474.07 581.20 Td (removal ) Tj ET Q q 0 0 0 rg BT 515.40 581.20 Td (obligation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 568.00 Td (due ) Tj ET Q q 0 0 0 rg BT 71.27 568.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.86 568.00 Td (either ) Tj ET Q q 0 0 0 rg BT 114.79 568.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 171.40 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 183.99 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 202.70 568.00 Td (removal ) Tj ET Q q 0 0 0 rg BT 245.24 568.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 290.83 568.00 Td (at ) Tj ET Q q 0 0 0 rg BT 303.42 568.00 Td (a ) Tj ET Q q 0 0 0 rg BT 312.96 568.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 368.36 568.00 Td (station ) Tj ET Q q 0 0 0 rg BT 404.19 568.00 Td (or ) Tj ET Q q 0 0 0 rg BT 417.38 568.00 Td (a ) Tj ET Q q 0 0 0 rg BT 426.92 568.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 467.62 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.21 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.92 568.00 Td (responsibility ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (for ) Tj ET Q q 0 0 0 rg BT 65.32 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 83.59 554.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 108.56 554.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 145.77 554.80 Td (removal ) Tj ET Q q 0 0 0 rg BT 187.87 554.80 Td (to ) Tj ET Q q 0 0 0 rg BT 200.02 554.80 Td (a ) Tj ET Q q 0 0 0 rg BT 209.12 554.80 Td (third ) Tj ET Q q 0 0 0 rg BT 233.49 554.80 Td (party) Tj ET Q q 0 0 0 rg BT 257.13 554.80 Td (. ) Tj ET Q q 0 0 0 rg BT 263.17 554.80 Td ( ) Tj ET Q q 0 0 0 rg BT 265.95 554.80 Td (The ) Tj ET Q q 0 0 0 rg BT 287.88 554.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.94 554.80 Td (reevaluates ) Tj ET Q q 0 0 0 rg BT 397.79 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 416.06 554.80 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 466.74 554.80 Td (of ) Tj ET Q q 0 0 0 rg BT 478.90 554.80 Td (its ) Tj ET Q q 0 0 0 rg BT 492.87 554.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 538.68 554.80 Td (ARO ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.05 541.60 Td (at ) Tj ET Q q 0 0 0 rg BT 94.77 541.60 Td (least ) Tj ET Q q 0 0 0 rg BT 119.55 541.60 Td (annually) Tj ET Q q 0 0 0 rg BT 159.71 541.60 Td (. ) Tj ET Q q 0 0 0 rg BT 164.00 541.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 196.12 541.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.33 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.05 541.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 261.88 541.60 Td (retirements ) Tj ET Q q 0 0 0 rg BT 318.44 541.60 Td (such ) Tj ET Q q 0 0 0 rg BT 343.22 541.60 Td (as ) Tj ET Q q 0 0 0 rg BT 356.38 541.60 Td (removing ) Tj ET Q q 0 0 0 rg BT 403.17 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.00 541.60 Td (REF ) Tj ET Q q 0 0 0 rg BT 443.54 541.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 479.31 541.60 Td (from ) Tj ET Q q 0 0 0 rg BT 502.85 541.60 Td (a ) Tj ET Q q 0 0 0 rg BT 510.51 541.60 Td (generation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 528.40 Td (station ) Tj ET Q q 0 0 0 rg BT 85.52 528.40 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 528.40 Td (related ) Tj ET Q q 0 0 0 rg BT 144.74 528.40 Td (site ) Tj ET Q q 0 0 0 rg BT 165.48 528.40 Td (restoration ) Tj ET Q q 0 0 0 rg BT 221.06 528.40 Td (are ) Tj ET Q q 0 0 0 rg BT 240.58 528.40 Td (charged ) Tj ET Q q 0 0 0 rg BT 283.94 528.40 Td (against ) Tj ET Q q 0 0 0 rg BT 323.03 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 341.94 528.40 Td (related ) Tj ET Q q 0 0 0 rg BT 379.19 528.40 Td (liability) Tj ET Q q 0 0 0 rg BT 411.38 528.40 Td (. ) Tj ET Q q 0 0 0 rg BT 417.34 528.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 439.91 528.40 Td (dif) Tj ET Q q 0 0 0 rg BT 451.32 528.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 491.63 528.40 Td (between ) Tj ET Q q 0 0 0 rg BT 536.83 528.40 Td (costs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 515.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 92.33 515.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 119.89 515.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 173.73 515.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.99 515.20 Td (an ) Tj ET Q q 0 0 0 rg BT 200.70 515.20 Td (ARO ) Tj ET Q q 0 0 0 rg BT 227.63 515.20 Td (and ) Tj ET Q q 0 0 0 rg BT 249.08 515.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.46 515.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 313.96 515.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 350.06 515.20 Td (is ) Tj ET Q q 0 0 0 rg BT 361.10 515.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 418.00 515.20 Td (in ) Tj ET Q q 0 0 0 rg BT 429.65 515.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 460.25 515.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 504.93 515.20 Td (as ) Tj ET Q q 0 0 0 rg BT 519.64 515.20 Td (a ) Tj ET Q q 0 0 0 rg BT 528.85 515.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.74 515.20 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 502.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 72.12 502.00 Td (in ) Tj ET Q q 0 0 0 rg BT 83.74 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 102.08 502.00 Td (Company) Tj ET Q q 0 0 0 rg BT 151.41 502.00 Td (s ) Tj ET Q q 0 0 0 rg BT 159.96 502.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 218.66 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 230.89 502.00 Td (Operations.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 476.80 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 104.09 476.80 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 451.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.81 451.60 Td (inuum ) Tj ET Q q 0 0 0 rg BT 89.30 451.60 Td (has ) Tj ET Q q 0 0 0 rg BT 110.57 451.60 Td (two ) Tj ET Q q 0 0 0 rg BT 131.22 451.60 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 179.99 451.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 223.27 451.60 Td (from ) Tj ET Q q 0 0 0 rg BT 248.10 451.60 Td (ADA) Tj ET Q q 0 0 0 rg BT 270.11 451.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.64 451.60 Td (for ) Tj ET Q q 0 0 0 rg BT 290.01 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.83 451.60 Td (patented ) Tj ET Q q 0 0 0 rg BT 355.18 451.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.07 451.60 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 433.18 451.60 Td (CyClean ) Tj ET Q q 0 0 0 rg BT 497.22 451.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.11 451.60 Td (M-45 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 438.40 Td (technologies ) Tj ET Q q 0 0 0 rg BT 115.05 438.40 Td (related ) Tj ET Q q 0 0 0 rg BT 152.46 438.40 Td (to ) Tj ET Q q 0 0 0 rg BT 165.41 438.40 Td (the ) Tj ET Q q 0 0 0 rg BT 184.48 438.40 Td (production ) Tj ET Q q 0 0 0 rg BT 239.63 438.40 Td (of ) Tj ET Q q 0 0 0 rg BT 252.58 438.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 296.11 438.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 348.79 438.40 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 373.12 438.40 Td (The ) Tj ET Q q 0 0 0 rg BT 395.85 438.40 Td (patents ) Tj ET Q q 0 0 0 rg BT 435.71 438.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 490.25 438.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.31 438.40 Td (CyClean ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 425.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 107.34 425.20 Td (license ) Tj ET Q q 0 0 0 rg BT 146.21 425.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 180.80 425.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 233.14 425.20 Td (in ) Tj ET Q q 0 0 0 rg BT 246.33 425.20 Td (2021; ) Tj ET Q q 0 0 0 rg BT 278.49 425.20 Td (however) Tj ET Q q 0 0 0 rg BT 319.46 425.20 Td (, ) Tj ET Q q 0 0 0 rg BT 327.15 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.07 425.20 Td (license ) Tj ET Q q 0 0 0 rg BT 385.94 425.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 443.16 425.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 488.15 425.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 534.37 425.20 Td (future ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (patents ) Tj ET Q q 0 0 0 rg BT 88.58 412.00 Td (related ) Tj ET Q q 0 0 0 rg BT 125.21 412.00 Td (to ) Tj ET Q q 0 0 0 rg BT 137.38 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 155.67 412.00 Td (technology) Tj ET Q q 0 0 0 rg BT 208.06 412.00 Td (. ) Tj ET Q q 0 0 0 rg BT 213.92 412.00 Td (The ) Tj ET Q q 0 0 0 rg BT 235.88 412.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 264.55 412.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 320.13 412.00 Td (with ) Tj ET Q q 0 0 0 rg BT 342.69 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.98 412.00 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 409.22 412.00 Td (CyClean ) Tj ET Q q 0 0 0 rg BT 465.40 412.00 Td (license ) Tj ET Q q 0 0 0 rg BT 502.64 412.00 Td (are ) Tj ET Q q 0 0 0 rg BT 521.54 412.00 Td (included ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 398.80 Td (in ) Tj ET Q q 0 0 0 rg BT 61.21 398.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 91.86 398.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.80 398.80 Td (and ) Tj ET Q q 0 0 0 rg BT 148.30 398.80 Td (are ) Tj ET Q q 0 0 0 rg BT 167.34 398.80 Td (being ) Tj ET Q q 0 0 0 rg BT 197.40 398.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 248.85 398.80 Td (over ) Tj ET Q q 0 0 0 rg BT 273.39 398.80 Td (the ) Tj ET Q q 0 0 0 rg BT 291.83 398.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 324.32 398.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 374.55 398.80 Td (life ) Tj ET Q q 0 0 0 rg BT 391.75 398.80 Td (of ) Tj ET Q q 0 0 0 rg BT 404.07 398.80 Td (the ) Tj ET Q q 0 0 0 rg BT 422.51 398.80 Td (technology) Tj ET Q q 0 0 0 rg BT 474.90 398.80 Td (, ) Tj ET Q q 0 0 0 rg BT 481.10 398.80 Td (or ) Tj ET Q q 0 0 0 rg BT 494.03 398.80 Td (approximately ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 385.60 Td (14 ) Tj ET Q q 0 0 0 rg BT 63.55 385.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 95.32 385.60 Td (using ) Tj ET Q q 0 0 0 rg BT 123.44 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.55 385.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 199.22 385.60 Td (method. ) Tj ET Q q 0 0 0 rg BT 240.43 385.60 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 303.38 385.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 346.78 385.60 Td (was ) Tj ET Q q 0 0 0 rg BT 368.16 385.60 Td ($5 ) Tj ET Q q 0 0 0 rg BT 382.21 385.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.87 385.60 Td (each ) Tj ET Q q 0 0 0 rg BT 422.54 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.53 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.64 385.60 Td (years ) Tj ET Q q 0 0 0 rg BT 479.36 385.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.76 385.60 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 372.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.85 372.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 98.43 372.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 125.96 372.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.37 372.40 Td (2014. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 347.20 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 111.85 347.20 Td (of ) Tj ET Q q 0 0 0 rg BT 125.29 347.20 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 187.20 347.20 Td (Assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 322.00 Td (The ) Tj ET Q q 0 0 0 rg BT 72.89 322.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.41 322.00 Td (reviews ) Tj ET Q q 0 0 0 rg BT 166.13 322.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 217.65 322.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.88 322.00 Td (for ) Tj ET Q q 0 0 0 rg BT 271.15 322.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 329.99 322.00 Td (whenever ) Tj ET Q q 0 0 0 rg BT 382.12 322.00 Td (events ) Tj ET Q q 0 0 0 rg BT 418.97 322.00 Td (or ) Tj ET Q q 0 0 0 rg BT 433.18 322.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 479.21 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 492.21 322.00 Td (circumstances ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 308.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 90.76 308.80 Td (the ) Tj ET Q q 0 0 0 rg BT 109.39 308.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 151.86 308.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.90 308.80 Td (of ) Tj ET Q q 0 0 0 rg BT 204.41 308.80 Td (an ) Tj ET Q q 0 0 0 rg BT 219.99 308.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 249.63 308.80 Td (may ) Tj ET Q q 0 0 0 rg BT 273.75 308.80 Td (not ) Tj ET Q q 0 0 0 rg BT 292.39 308.80 Td (be ) Tj ET Q q 0 0 0 rg BT 307.97 308.80 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 371.85 308.80 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 444.27 308.80 Td (of ) Tj ET Q q 0 0 0 rg BT 456.79 308.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 491.93 308.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.45 308.80 Td (be ) Tj ET Q q 0 0 0 rg BT 520.02 308.80 Td (held ) Tj ET Q q 0 0 0 rg BT 544.17 308.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 295.60 Td (used ) Tj ET Q q 0 0 0 rg BT 75.76 295.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.12 295.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 137.44 295.60 Td (by ) Tj ET Q q 0 0 0 rg BT 151.47 295.60 Td (a ) Tj ET Q q 0 0 0 rg BT 160.00 295.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 219.27 295.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.85 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.55 295.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 290.08 295.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.19 295.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.77 295.60 Td (an ) Tj ET Q q 0 0 0 rg BT 355.41 295.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 384.12 295.60 Td (to ) Tj ET Q q 0 0 0 rg BT 395.70 295.60 Td (future ) Tj ET Q q 0 0 0 rg BT 426.24 295.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.09 295.60 Td (net ) Tj ET Q q 0 0 0 rg BT 511.79 295.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.44 295.60 Td (flows ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 282.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 97.06 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 109.16 282.40 Td (be ) Tj ET Q q 0 0 0 rg BT 124.31 282.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 176.77 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 191.31 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 209.52 282.40 Td (asset. ) Tj ET Q q 0 0 0 rg BT 241.79 282.40 Td (If ) Tj ET Q q 0 0 0 rg BT 250.82 282.40 Td (such ) Tj ET Q q 0 0 0 rg BT 276.97 282.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.68 282.40 Td (are ) Tj ET Q q 0 0 0 rg BT 330.50 282.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 387.23 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 399.32 282.40 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 282.40 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 462.64 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 480.85 282.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.17 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 550.26 282.40 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 269.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.48 269.20 Td (is ) Tj ET Q q 0 0 0 rg BT 117.58 269.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 169.66 269.20 Td (by ) Tj ET Q q 0 0 0 rg BT 184.44 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 269.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.75 269.20 Td (by ) Tj ET Q q 0 0 0 rg BT 257.53 269.20 Td (which ) Tj ET Q q 0 0 0 rg BT 288.82 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 307.27 269.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 349.56 269.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.42 269.20 Td (of ) Tj ET Q q 0 0 0 rg BT 401.75 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.21 269.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.16 269.20 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 499.30 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 269.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.20 269.20 Td (value ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 256.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.55 256.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.71 256.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 116.86 256.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 152.74 256.00 Td (to ) Tj ET Q q 0 0 0 rg BT 164.79 256.00 Td (be ) Tj ET Q q 0 0 0 rg BT 179.90 256.00 Td (disposed ) Tj ET Q q 0 0 0 rg BT 226.80 256.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.85 256.00 Td (are ) Tj ET Q q 0 0 0 rg BT 257.62 256.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 301.46 256.00 Td (at ) Tj ET Q q 0 0 0 rg BT 313.51 256.00 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 256.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 360.83 256.00 Td (of ) Tj ET Q q 0 0 0 rg BT 372.88 256.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 414.87 256.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 454.44 256.00 Td (or ) Tj ET Q q 0 0 0 rg BT 467.09 256.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.24 256.00 Td (value ) Tj ET Q q 0 0 0 rg BT 514.41 256.00 Td (less ) Tj ET Q q 0 0 0 rg BT 536.85 256.00 Td (costs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 242.80 Td (sell. ) Tj ET Q q 0 0 0 rg BT 83.74 242.80 Td (At ) Tj ET Q q 0 0 0 rg BT 97.19 242.80 Td (December ) Tj ET Q q 0 0 0 rg BT 150.99 242.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.33 242.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 196.86 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 218.27 242.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 248.85 242.80 Td (there ) Tj ET Q q 0 0 0 rg BT 276.98 242.80 Td (were ) Tj ET Q q 0 0 0 rg BT 303.88 242.80 Td (no ) Tj ET Q q 0 0 0 rg BT 319.17 242.80 Td (such ) Tj ET Q q 0 0 0 rg BT 345.46 242.80 Td (impairments.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 98.41 217.60 Td (Recognition) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 190.83164062499998 m 126.55908203125 190.83164062499998 l s q 0 0 0 rg BT 49.50 192.40 Td (Lease ) Tj ET Q q 0 0 0 rg BT 82.53 192.40 Td (Revenue) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 167.20 Td (Lease ) Tj ET Q q 0 0 0 rg BT 83.40 167.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 127.09 167.20 Td (is ) Tj ET Q q 0 0 0 rg BT 138.97 167.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 196.71 167.20 Td (based ) Tj ET Q q 0 0 0 rg BT 230.62 167.20 Td (on ) Tj ET Q q 0 0 0 rg BT 246.79 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.01 167.20 Td (earning ) Tj ET Q q 0 0 0 rg BT 306.64 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 319.75 167.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 371.37 167.20 Td (under ) Tj ET Q q 0 0 0 rg BT 403.44 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 422.66 167.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 454.10 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 467.21 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 486.43 167.20 Td (respective ) Tj ET Q q 0 0 0 rg BT 540.50 167.20 Td (REF ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 154.00 Td (Facilities) Tj ET Q q 0 0 0 rg BT 94.32 154.00 Td ( ) Tj ET Q q 0 0 0 rg BT 98.16 154.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 128.30 154.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 193.28 154.00 Td (Depending ) Tj ET Q q 0 0 0 rg BT 250.33 154.00 Td (on ) Tj ET Q q 0 0 0 rg BT 266.41 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.54 154.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 315.67 154.00 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 375.16 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 394.29 154.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.21 154.00 Td (may ) Tj ET Q q 0 0 0 rg BT 469.83 154.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 509.13 154.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 536.20 154.00 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 140.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 102.45 140.80 Td (or ) Tj ET Q q 0 0 0 rg BT 117.50 140.80 Td (a ) Tj ET Q q 0 0 0 rg BT 128.88 140.80 Td (combination ) Tj ET Q q 0 0 0 rg BT 193.46 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 207.90 140.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 236.40 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 260.02 140.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 316.04 140.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 347.60 140.80 Td (payments. ) Tj ET Q q 0 0 0 rg BT 403.62 140.80 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 462.09 140.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 493.65 140.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 546.60 140.80 Td (are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 127.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 106.32 127.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 163.13 127.60 Td (based ) Tj ET Q q 0 0 0 rg BT 194.89 127.60 Td (on ) Tj ET Q q 0 0 0 rg BT 208.92 127.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.99 127.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 257.14 127.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.61 127.60 Td (of ) Tj ET Q q 0 0 0 rg BT 306.57 127.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 348.11 127.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 398.80 127.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 418.33 127.60 Td (production ) Tj ET Q q 0 0 0 rg BT 471.48 127.60 Td (during ) Tj ET Q q 0 0 0 rg BT 503.85 127.60 Td (such ) Tj ET Q q 0 0 0 rg BT 528.87 127.60 Td (period. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 114.40 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 91.43 114.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.74 114.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 173.44 114.40 Td (are ) Tj ET Q q 0 0 0 rg BT 193.36 114.40 Td (received ) Tj ET Q q 0 0 0 rg BT 238.95 114.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 267.43 114.40 Td (execution ) Tj ET Q q 0 0 0 rg BT 318.54 114.40 Td (of ) Tj ET Q q 0 0 0 rg BT 331.72 114.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.75 114.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 399.06 114.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 461.17 114.40 Td (and ) Tj ET Q q 0 0 0 rg BT 483.53 114.40 Td (are ) Tj ET Q q 0 0 0 rg BT 503.45 114.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 550.88 114.40 Td (as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 101.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 93.71 101.20 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 139.77 101.20 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 185.81 101.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.80 101.20 Td (is ) Tj ET Q q 0 0 0 rg BT 239.99 101.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 291.53 101.20 Td (into ) Tj ET Q q 0 0 0 rg BT 312.51 101.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 355.51 101.20 Td (in ) Tj ET Q q 0 0 0 rg BT 367.31 101.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 427.43 101.20 Td (with ) Tj ET Q q 0 0 0 rg BT 450.23 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.77 101.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 531.93 101.20 Td (period ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 88.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.73 88.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.08 88.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 133.27 88.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 162.62 88.00 Td (agreement. ) Tj ET Q BT /F6 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 49.5 61.231640624999955 m 102.6953125 61.231640624999955 l s q 0 0 0 rg BT 49.50 62.80 Td (Coal ) Tj ET Q q 0 0 0 rg BT 75.18 62.80 Td (Sales) Tj ET Q endstream endobj 269 0 obj <> endobj 270 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (133) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (In ) Tj ET Q q 0 0 0 rg BT 61.48 712.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 117.48 712.00 Td (with ) Tj ET Q q 0 0 0 rg BT 139.85 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.94 712.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 206.61 712.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.59 712.00 Td (REF ) Tj ET Q q 0 0 0 rg BT 243.39 712.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 288.98 712.00 Td (by ) Tj ET Q q 0 0 0 rg BT 303.40 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.49 712.00 Td (Company) Tj ET Q q 0 0 0 rg BT 367.75 712.00 Td (, ) Tj ET Q q 0 0 0 rg BT 373.61 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.71 712.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 441.59 712.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 495.14 712.00 Td (and ) Tj ET Q q 0 0 0 rg BT 516.30 712.00 Td (takes ) Tj ET Q q 0 0 0 rg BT 545.39 712.00 Td (title ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.99 698.80 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 110.38 698.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 132.88 698.80 Td (under ) Tj ET Q q 0 0 0 rg BT 163.32 698.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 210.89 698.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 271.29 698.80 Td (with ) Tj ET Q q 0 0 0 rg BT 293.16 698.80 Td (each ) Tj ET Q q 0 0 0 rg BT 319.33 698.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 371.77 698.80 Td (Generator ) Tj ET Q q 0 0 0 rg BT 423.61 698.80 Td (or ) Tj ET Q q 0 0 0 rg BT 435.71 698.80 Td (other ) Tj ET Q q 0 0 0 rg BT 463.09 698.80 Td (supplier ) Tj ET Q q 0 0 0 rg BT 503.93 698.80 Td (of ) Tj ET Q q 0 0 0 rg BT 515.42 698.80 Td (feedstock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.60 Td (coal. ) Tj ET Q q 0 0 0 rg BT 76.04 685.60 Td ( ) Tj ET Q q 0 0 0 rg BT 79.12 685.60 Td (The ) Tj ET Q q 0 0 0 rg BT 101.38 685.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.76 685.60 Td (purchases ) Tj ET Q q 0 0 0 rg BT 205.81 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.40 685.60 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 276.61 685.60 Td (from ) Tj ET Q q 0 0 0 rg BT 301.91 685.60 Td (third ) Tj ET Q q 0 0 0 rg BT 326.61 685.60 Td (party ) Tj ET Q q 0 0 0 rg BT 354.36 685.60 Td (vendors ) Tj ET Q q 0 0 0 rg BT 396.80 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.45 685.60 Td (applies ) Tj ET Q q 0 0 0 rg BT 456.61 685.60 Td (them ) Tj ET Q q 0 0 0 rg BT 484.36 685.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.84 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 685.60 Td (feedstock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 73.80 672.40 Td (to ) Tj ET Q q 0 0 0 rg BT 87.09 672.40 Td (produce ) Tj ET Q q 0 0 0 rg BT 130.96 672.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 174.82 672.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 227.85 672.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 249.70 672.40 Td (in ) Tj ET Q q 0 0 0 rg BT 262.38 672.40 Td (its ) Tj ET Q q 0 0 0 rg BT 277.49 672.40 Td (REF ) Tj ET Q q 0 0 0 rg BT 303.61 672.40 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 353.30 672.40 Td (The ) Tj ET Q q 0 0 0 rg BT 376.38 672.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 420.24 672.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 473.26 672.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 495.12 672.40 Td (is ) Tj ET Q q 0 0 0 rg BT 507.18 672.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 531.47 672.40 Td (by ) Tj ET Q q 0 0 0 rg BT 547.21 672.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 659.20 Td (Company) Tj ET Q q 0 0 0 rg BT 95.76 659.20 Td (, ) Tj ET Q q 0 0 0 rg BT 102.35 659.20 Td (under ) Tj ET Q q 0 0 0 rg BT 134.01 659.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 177.29 659.20 Td (emissions ) Tj ET Q q 0 0 0 rg BT 229.72 659.20 Td (fuel ) Tj ET Q q 0 0 0 rg BT 250.98 659.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 274.69 659.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 339.36 659.20 Td (to ) Tj ET Q q 0 0 0 rg BT 352.06 659.20 Td (a ) Tj ET Q q 0 0 0 rg BT 361.71 659.20 Td (Generator ) Tj ET Q q 0 0 0 rg BT 414.76 659.20 Td (or ) Tj ET Q q 0 0 0 rg BT 428.07 659.20 Td (to ) Tj ET Q q 0 0 0 rg BT 440.77 659.20 Td (another ) Tj ET Q q 0 0 0 rg BT 481.61 659.20 Td (third ) Tj ET Q q 0 0 0 rg BT 506.53 659.20 Td (party ) Tj ET Q q 0 0 0 rg BT 534.52 659.20 Td (at ) Tj ET Q q 0 0 0 rg BT 547.22 659.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 646.00 Td (Company) Tj ET Q q 0 0 0 rg BT 98.82 646.00 Td (s ) Tj ET Q q 0 0 0 rg BT 107.75 646.00 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 161.32 646.00 Td (as ) Tj ET Q q 0 0 0 rg BT 176.37 646.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 225.65 646.00 Td (under ) Tj ET Q q 0 0 0 rg BT 257.21 646.00 Td (the ) Tj ET Q q 0 0 0 rg BT 275.94 646.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 328.90 646.00 Td (Generator ) Tj ET Q q 0 0 0 rg BT 381.86 646.00 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 446.21 646.00 Td (The ) Tj ET Q q 0 0 0 rg BT 468.60 646.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.11 646.00 Td (performs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 632.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 91.98 632.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 143.61 632.80 Td (fuel ) Tj ET Q q 0 0 0 rg BT 164.08 632.80 Td (recertification ) Tj ET Q q 0 0 0 rg BT 232.22 632.80 Td (or ) Tj ET Q q 0 0 0 rg BT 244.73 632.80 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 323.89 632.80 Td (testing ) Tj ET Q q 0 0 0 rg BT 359.03 632.80 Td (periodically ) Tj ET Q q 0 0 0 rg BT 416.79 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 431.14 632.80 Td (required ) Tj ET Q q 0 0 0 rg BT 474.22 632.80 Td (by ) Tj ET Q q 0 0 0 rg BT 488.57 632.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 527.99 632.80 Td (45 ) Tj ET Q q 0 0 0 rg BT 542.96 632.80 Td (with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 619.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 88.56 619.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.72 619.60 Td (production ) Tj ET Q q 0 0 0 rg BT 155.08 619.60 Td (at ) Tj ET Q q 0 0 0 rg BT 167.24 619.60 Td (each ) Tj ET Q q 0 0 0 rg BT 194.08 619.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.24 619.60 Td (its ) Tj ET Q q 0 0 0 rg BT 220.23 619.60 Td (REF ) Tj ET Q q 0 0 0 rg BT 245.21 619.60 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 294.04 619.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.03 619.60 Td (During ) Tj ET Q q 0 0 0 rg BT 332.42 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.70 619.60 Td (years ) Tj ET Q q 0 0 0 rg BT 380.59 619.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.16 619.60 Td (December ) Tj ET Q q 0 0 0 rg BT 467.89 619.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 486.17 619.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 516.68 619.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 544.14 619.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 606.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 77.03 606.40 Td (the ) Tj ET Q q 0 0 0 rg BT 95.37 606.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.50 606.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 168.74 606.40 Td (all ) Tj ET Q q 0 0 0 rg BT 182.80 606.40 Td (of ) Tj ET Q q 0 0 0 rg BT 195.03 606.40 Td (its ) Tj ET Q q 0 0 0 rg BT 209.08 606.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 251.89 606.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 303.85 606.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 324.64 606.40 Td (and ) Tj ET Q q 0 0 0 rg BT 346.04 606.40 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 394.97 606.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 418.20 606.40 Td (\(coal ) Tj ET Q q 0 0 0 rg BT 445.10 606.40 Td (untreated ) Tj ET Q q 0 0 0 rg BT 494.63 606.40 Td (but ) Tj ET Q q 0 0 0 rg BT 512.98 606.40 Td (part ) Tj ET Q q 0 0 0 rg BT 534.99 606.40 Td (of ) Tj ET Q q 0 0 0 rg BT 547.22 606.40 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 593.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 91.75 593.20 Td (emissions ) Tj ET Q q 0 0 0 rg BT 143.15 593.20 Td (fuel ) Tj ET Q q 0 0 0 rg BT 163.38 593.20 Td (process\) ) Tj ET Q q 0 0 0 rg BT 208.06 593.20 Td (to ) Tj ET Q q 0 0 0 rg BT 219.73 593.20 Td (third ) Tj ET Q q 0 0 0 rg BT 243.62 593.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 279.13 593.20 Td (that ) Tj ET Q q 0 0 0 rg BT 299.98 593.20 Td (used ) Tj ET Q q 0 0 0 rg BT 326.33 593.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.12 593.20 Td (fuel ) Tj ET Q q 0 0 0 rg BT 364.35 593.20 Td (to ) Tj ET Q q 0 0 0 rg BT 376.02 593.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 421.94 593.20 Td (electricity) Tj ET Q q 0 0 0 rg BT 466.97 593.20 Td (, ) Tj ET Q q 0 0 0 rg BT 472.52 593.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.37 593.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 539.28 593.20 Td (such ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 580.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 94.75 580.00 Td (as ) Tj ET Q q 0 0 0 rg BT 109.42 580.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 132.66 580.00 Td (sales. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 91.07 554.80 Td (T) Tj ET Q q 0 0 0 rg BT 96.97 554.80 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 529.60 Td (The ) Tj ET Q q 0 0 0 rg BT 70.80 529.60 Td (Company) Tj ET Q q 0 0 0 rg BT 117.06 529.60 Td (, ) Tj ET Q q 0 0 0 rg BT 122.47 529.60 Td (with ) Tj ET Q q 0 0 0 rg BT 144.38 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.02 529.60 Td (consent ) Tj ET Q q 0 0 0 rg BT 202.90 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.42 529.60 Td (its ) Tj ET Q q 0 0 0 rg BT 227.77 529.60 Td (Members, ) Tj ET Q q 0 0 0 rg BT 279.01 529.60 Td (has ) Tj ET Q q 0 0 0 rg BT 299.10 529.60 Td (elected ) Tj ET Q q 0 0 0 rg BT 336.92 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 348.44 529.60 Td (be ) Tj ET Q q 0 0 0 rg BT 363.02 529.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 392.28 529.60 Td (under ) Tj ET Q q 0 0 0 rg BT 422.76 529.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 474.65 529.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 517.35 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 529.60 Td (federal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 516.40 Td (and ) Tj ET Q q 0 0 0 rg BT 71.31 516.40 Td (state ) Tj ET Q q 0 0 0 rg BT 98.61 516.40 Td (income ) Tj ET Q q 0 0 0 rg BT 137.52 516.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.65 516.40 Td (law ) Tj ET Q q 0 0 0 rg BT 175.61 516.40 Td (as ) Tj ET Q q 0 0 0 rg BT 190.68 516.40 Td (a ) Tj ET Q q 0 0 0 rg BT 200.25 516.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 235.49 516.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 271.95 516.40 Td (company ) Tj ET Q q 0 0 0 rg BT 320.04 516.40 Td (treated ) Tj ET Q q 0 0 0 rg BT 357.74 516.40 Td (as ) Tj ET Q q 0 0 0 rg BT 372.81 516.40 Td (a ) Tj ET Q q 0 0 0 rg BT 382.38 516.40 Td (partnership ) Tj ET Q q 0 0 0 rg BT 440.86 516.40 Td (for ) Tj ET Q q 0 0 0 rg BT 457.15 516.40 Td (income ) Tj ET Q q 0 0 0 rg BT 496.07 516.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.19 516.40 Td (purposes. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 503.20 Td (As ) Tj ET Q q 0 0 0 rg BT 65.87 503.20 Td (a ) Tj ET Q q 0 0 0 rg BT 75.53 503.20 Td (result ) Tj ET Q q 0 0 0 rg BT 105.96 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 118.67 503.20 Td (this ) Tj ET Q q 0 0 0 rg BT 139.33 503.20 Td (election, ) Tj ET Q q 0 0 0 rg BT 183.83 503.20 Td (no ) Tj ET Q q 0 0 0 rg BT 199.61 503.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.78 503.20 Td (income ) Tj ET Q q 0 0 0 rg BT 275.77 503.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 305.60 503.20 Td (are ) Tj ET Q q 0 0 0 rg BT 325.04 503.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 368.31 503.20 Td (by ) Tj ET Q q 0 0 0 rg BT 383.47 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.30 503.20 Td (Company) Tj ET Q q 0 0 0 rg BT 448.56 503.20 Td (. ) Tj ET Q q 0 0 0 rg BT 455.15 503.20 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 497.83 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.65 503.20 Td (Members ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 490.00 Td (are ) Tj ET Q q 0 0 0 rg BT 67.68 490.00 Td (liable ) Tj ET Q q 0 0 0 rg BT 95.66 490.00 Td (for ) Tj ET Q q 0 0 0 rg BT 110.78 490.00 Td (income ) Tj ET Q q 0 0 0 rg BT 148.52 490.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 177.10 490.00 Td (on ) Tj ET Q q 0 0 0 rg BT 191.62 490.00 Td (their ) Tj ET Q q 0 0 0 rg BT 215.31 490.00 Td (pro ) Tj ET Q q 0 0 0 rg BT 233.49 490.00 Td (rata ) Tj ET Q q 0 0 0 rg BT 254.73 490.00 Td (share ) Tj ET Q q 0 0 0 rg BT 284.54 490.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 490.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.57 490.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 370.54 490.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 411.34 490.00 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 469.89 490.00 Td (losses, ) Tj ET Q q 0 0 0 rg BT 506.41 490.00 Td (and ) Tj ET Q q 0 0 0 rg BT 527.05 490.00 Td (credits. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 464.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.64 464.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 97.63 464.80 Td (states, ) Tj ET Q q 0 0 0 rg BT 133.00 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.26 464.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.30 464.80 Td (is ) Tj ET Q q 0 0 0 rg BT 212.22 464.80 Td (taxed ) Tj ET Q q 0 0 0 rg BT 242.09 464.80 Td (based ) Tj ET Q q 0 0 0 rg BT 275.03 464.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 302.47 464.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 363.53 464.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 395.85 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 408.60 464.80 Td (other ) Tj ET Q q 0 0 0 rg BT 436.64 464.80 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 488.53 464.80 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 565.57 464.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 451.60 Td (In ) Tj ET Q q 0 0 0 rg BT 61.40 451.60 Td (these ) Tj ET Q q 0 0 0 rg BT 91.03 451.60 Td (instances, ) Tj ET Q q 0 0 0 rg BT 143.29 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.30 451.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.10 451.60 Td (records ) Tj ET Q q 0 0 0 rg BT 250.51 451.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.59 451.60 Td (pays ) Tj ET Q q 0 0 0 rg BT 297.55 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.56 451.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 367.83 451.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.23 451.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 422.79 451.60 Td (to ) Tj ET Q q 0 0 0 rg BT 434.69 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.71 451.60 Td (state ) Tj ET Q q 0 0 0 rg BT 479.28 451.60 Td (agency) Tj ET Q q 0 0 0 rg BT 513.94 451.60 Td (. ) Tj ET Q q 0 0 0 rg BT 519.72 451.60 Td (Deferred ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 438.40 Td (income ) Tj ET Q q 0 0 0 rg BT 86.78 438.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 114.89 438.40 Td (are ) Tj ET Q q 0 0 0 rg BT 132.61 438.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 176.62 438.40 Td (for ) Tj ET Q q 0 0 0 rg BT 191.28 438.40 Td (temporary ) Tj ET Q q 0 0 0 rg BT 242.61 438.40 Td (dif) Tj ET Q q 0 0 0 rg BT 254.03 438.40 Td (ferences ) Tj ET Q q 0 0 0 rg BT 298.04 438.40 Td (arising ) Tj ET Q q 0 0 0 rg BT 332.26 438.40 Td (from ) Tj ET Q q 0 0 0 rg BT 356.08 438.40 Td (dif) Tj ET Q q 0 0 0 rg BT 367.50 438.40 Td (ferences ) Tj ET Q q 0 0 0 rg BT 411.51 438.40 Td (between ) Tj ET Q q 0 0 0 rg BT 454.92 438.40 Td (the ) Tj ET Q q 0 0 0 rg BT 472.03 438.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.20 438.40 Td (statement ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 425.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 89.24 425.20 Td (and ) Tj ET Q q 0 0 0 rg BT 110.65 425.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 128.38 425.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 157.11 425.20 Td (of ) Tj ET Q q 0 0 0 rg BT 169.34 425.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.19 425.20 Td (and ) Tj ET Q q 0 0 0 rg BT 225.60 425.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 270.22 425.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 310.58 425.20 Td (at ) Tj ET Q q 0 0 0 rg BT 322.80 425.20 Td (each ) Tj ET Q q 0 0 0 rg BT 349.71 425.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 391.30 425.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 421.26 425.20 Td (date, ) Tj ET Q q 0 0 0 rg BT 448.78 425.20 Td (using ) Tj ET Q q 0 0 0 rg BT 478.13 425.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 520.33 425.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.06 425.20 Td (rates ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 104.44 412.00 Td (to ) Tj ET Q q 0 0 0 rg BT 115.34 412.00 Td (be ) Tj ET Q q 0 0 0 rg BT 129.31 412.00 Td (in ) Tj ET Q q 0 0 0 rg BT 139.60 412.00 Td (ef) Tj ET Q q 0 0 0 rg BT 148.58 412.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 168.04 412.00 Td (when ) Tj ET Q q 0 0 0 rg BT 196.06 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.09 412.00 Td (related ) Tj ET Q q 0 0 0 rg BT 248.45 412.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 276.47 412.00 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 412.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 340.48 412.00 Td (to ) Tj ET Q q 0 0 0 rg BT 351.38 412.00 Td (be ) Tj ET Q q 0 0 0 rg BT 365.35 412.00 Td (paid. ) Tj ET Q q 0 0 0 rg BT 390.93 412.00 Td ( ) Tj ET Q q 0 0 0 rg BT 392.32 412.00 Td (A) Tj ET Q q 0 0 0 rg BT 399.05 412.00 Td ( ) Tj ET Q q 0 0 0 rg BT 400.78 412.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 446.55 412.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 497.20 412.00 Td (is ) Tj ET Q q 0 0 0 rg BT 506.87 412.00 Td (established ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 398.80 Td (if ) Tj ET Q q 0 0 0 rg BT 57.69 398.80 Td (it ) Tj ET Q q 0 0 0 rg BT 65.88 398.80 Td (is ) Tj ET Q q 0 0 0 rg BT 76.51 398.80 Td (more ) Tj ET Q q 0 0 0 rg BT 104.26 398.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 131.39 398.80 Td (than ) Tj ET Q q 0 0 0 rg BT 155.49 398.80 Td (not ) Tj ET Q q 0 0 0 rg BT 173.47 398.80 Td (that ) Tj ET Q q 0 0 0 rg BT 194.50 398.80 Td (a ) Tj ET Q q 0 0 0 rg BT 203.31 398.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 246.97 398.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.33 398.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 293.31 398.80 Td (will ) Tj ET Q q 0 0 0 rg BT 311.27 398.80 Td (not ) Tj ET Q q 0 0 0 rg BT 329.25 398.80 Td (be ) Tj ET Q q 0 0 0 rg BT 344.17 398.80 Td (realized. ) Tj ET Q q 0 0 0 rg BT 388.44 398.80 Td ( ) Tj ET Q q 0 0 0 rg BT 390.95 398.80 Td (The ) Tj ET Q q 0 0 0 rg BT 412.59 398.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 462.36 398.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 505.40 398.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 544.16 398.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 385.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 98.06 385.60 Td (related ) Tj ET Q q 0 0 0 rg BT 136.23 385.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.94 385.60 Td (state ) Tj ET Q q 0 0 0 rg BT 178.32 385.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 197.52 385.60 Td (as ) Tj ET Q q 0 0 0 rg BT 213.67 385.60 Td (a ) Tj ET Q q 0 0 0 rg BT 224.32 385.60 Td (component ) Tj ET Q q 0 0 0 rg BT 283.28 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.99 385.60 Td (income ) Tj ET Q q 0 0 0 rg BT 336.98 385.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.18 385.60 Td (expense. ) Tj ET Q q 0 0 0 rg BT 405.36 385.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.99 385.60 Td (As ) Tj ET Q q 0 0 0 rg BT 426.36 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.07 385.60 Td (December ) Tj ET Q q 0 0 0 rg BT 495.34 385.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.16 385.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 547.22 385.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 372.40 Td (Company) Tj ET Q q 0 0 0 rg BT 98.82 372.40 Td (s ) Tj ET Q q 0 0 0 rg BT 107.15 372.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.64 372.40 Td (years ) Tj ET Q q 0 0 0 rg BT 154.36 372.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.36 372.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 193.66 372.40 Td (through ) Tj ET Q q 0 0 0 rg BT 233.79 372.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 261.08 372.40 Td (are ) Tj ET Q q 0 0 0 rg BT 279.80 372.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.48 372.40 Td (to ) Tj ET Q q 0 0 0 rg BT 329.48 372.40 Td (examination ) Tj ET Q q 0 0 0 rg BT 391.61 372.40 Td (by ) Tj ET Q q 0 0 0 rg BT 406.05 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 372.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.53 372.40 Td (taxing ) Tj ET Q q 0 0 0 rg BT 508.70 372.40 Td (authorities.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 347.20 Td (The ) Tj ET Q q 0 0 0 rg BT 74.13 347.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.89 347.20 Td (applies ) Tj ET Q q 0 0 0 rg BT 167.43 347.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.40 347.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.97 347.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 297.08 347.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 352.90 347.20 Td (Board) Tj ET Q q 0 0 0 rg BT 384.50 347.20 Td (s ) Tj ET Q q 0 0 0 rg BT 395.68 347.20 Td (\(F) Tj ET Q q 0 0 0 rg BT 409.12 347.20 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 444.14 347.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 514.01 347.20 Td (related ) Tj ET Q q 0 0 0 rg BT 553.32 347.20 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 334.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.45 334.00 Td (for ) Tj ET Q q 0 0 0 rg BT 123.03 334.00 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 172.03 334.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.45 334.00 Td (positions. ) Tj ET Q q 0 0 0 rg BT 240.67 334.00 Td (During ) Tj ET Q q 0 0 0 rg BT 276.82 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.85 334.00 Td (years ) Tj ET Q q 0 0 0 rg BT 326.50 334.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 360.83 334.00 Td (December ) Tj ET Q q 0 0 0 rg BT 415.32 334.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.35 334.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 465.63 334.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 493.84 334.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.94 334.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 547.21 334.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 320.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.37 320.80 Td (has ) Tj ET Q q 0 0 0 rg BT 119.90 320.80 Td (concluded ) Tj ET Q q 0 0 0 rg BT 172.84 320.80 Td (that ) Tj ET Q q 0 0 0 rg BT 193.98 320.80 Td (there ) Tj ET Q q 0 0 0 rg BT 221.84 320.80 Td (are ) Tj ET Q q 0 0 0 rg BT 240.53 320.80 Td (no ) Tj ET Q q 0 0 0 rg BT 255.56 320.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 307.27 320.80 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 355.31 320.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.78 320.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 418.98 320.80 Td (that ) Tj ET Q q 0 0 0 rg BT 440.12 320.80 Td (would ) Tj ET Q q 0 0 0 rg BT 471.66 320.80 Td (require ) Tj ET Q q 0 0 0 rg BT 508.69 320.80 Td (recognition ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (or ) Tj ET Q q 0 0 0 rg BT 62.79 307.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 115.83 307.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.71 307.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.58 307.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 250.26 307.60 Td (As ) Tj ET Q q 0 0 0 rg BT 266.61 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.30 307.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.90 307.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 379.89 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.75 307.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 432.79 307.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 490.06 307.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.63 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 307.60 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 294.40 Td (made ) Tj ET Q q 0 0 0 rg BT 80.07 294.40 Td (no ) Tj ET Q q 0 0 0 rg BT 95.36 294.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 142.44 294.40 Td (for ) Tj ET Q q 0 0 0 rg BT 158.33 294.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.46 294.40 Td (or ) Tj ET Q q 0 0 0 rg BT 210.30 294.40 Td (penalties ) Tj ET Q q 0 0 0 rg BT 257.39 294.40 Td (related ) Tj ET Q q 0 0 0 rg BT 294.08 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 306.31 294.40 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 354.62 294.40 Td (positions.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 269.20 Td (Reclassifications) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 244.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 88.09 244.00 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 168.85 244.00 Td (have ) Tj ET Q q 0 0 0 rg BT 195.83 244.00 Td (been ) Tj ET Q q 0 0 0 rg BT 223.43 244.00 Td (made ) Tj ET Q q 0 0 0 rg BT 254.07 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 266.37 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.79 244.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 309.92 244.00 Td (years) Tj ET Q q 0 0 0 rg BT 338.86 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 341.98 244.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.47 244.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 442.40 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 454.70 244.00 Td (conform ) Tj ET Q q 0 0 0 rg BT 497.56 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 509.86 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 528.28 244.00 Td (current ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 230.80 Td (year ) Tj ET Q q 0 0 0 rg BT 75.31 230.80 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 143.03 230.80 Td (These ) Tj ET Q q 0 0 0 rg BT 178.02 230.80 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 260.07 230.80 Td (had ) Tj ET Q q 0 0 0 rg BT 282.83 230.80 Td (no ) Tj ET Q q 0 0 0 rg BT 299.48 230.80 Td (ef) Tj ET Q q 0 0 0 rg BT 308.45 230.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.59 230.80 Td (on ) Tj ET Q q 0 0 0 rg BT 347.24 230.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 401.17 230.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 446.55 230.80 Td (results ) Tj ET Q q 0 0 0 rg BT 483.36 230.80 Td (of ) Tj ET Q q 0 0 0 rg BT 496.95 230.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 552.73 230.80 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (member) Tj ET Q q 0 0 0 rg BT 90.25 217.60 Td () Tj ET Q q 0 0 0 rg BT 92.50 217.60 Td (s ) Tj ET Q q 0 0 0 rg BT 101.05 217.60 Td (equity) Tj ET Q q 0 0 0 rg BT 129.59 217.60 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 191.20 Td (Recent ) Tj ET Q q 0 0 0 rg BT 88.83 191.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 152.38 191.20 Td (Pronouncements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 166.00 Td (In ) Tj ET Q q 0 0 0 rg BT 62.30 166.00 Td (May ) Tj ET Q q 0 0 0 rg BT 86.72 166.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.87 166.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.80 166.00 Td (F) Tj ET Q q 0 0 0 rg BT 142.91 166.00 Td (ASB ) Tj ET Q q 0 0 0 rg BT 168.55 166.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 203.26 166.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 261.31 166.00 Td (Standards ) Tj ET Q q 0 0 0 rg BT 315.09 166.00 Td (Update ) Tj ET Q q 0 0 0 rg BT 354.19 166.00 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 395.09 166.00 Td (2014-09, ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 442.15 166.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 489.81 166.00 Td (from ) Tj ET Q q 0 0 0 rg BT 515.44 166.00 Td (Contracts ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 152.80 Td (with ) Tj ET Q q 0 0 0 rg BT 70.90 152.80 Td (Customers) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 124.08 152.80 Td (. ) Tj ET Q q 0 0 0 rg BT 128.97 152.80 Td ( ) Tj ET Q q 0 0 0 rg BT 130.45 152.80 Td (As ) Tj ET Q q 0 0 0 rg BT 145.12 152.80 Td (amended ) Tj ET Q q 0 0 0 rg BT 192.83 152.80 Td (by ) Tj ET Q q 0 0 0 rg BT 205.92 152.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 230.38 152.80 Td (2015-14, ) Tj ET Q q 0 0 0 rg BT 275.64 152.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.40 152.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 316.86 152.80 Td (is ) Tj ET Q q 0 0 0 rg BT 326.64 152.80 Td (ef) Tj ET Q q 0 0 0 rg BT 335.62 152.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 369.25 152.80 Td (for ) Tj ET Q q 0 0 0 rg BT 383.92 152.80 Td (public ) Tj ET Q q 0 0 0 rg BT 414.50 152.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 469.54 152.80 Td (for ) Tj ET Q q 0 0 0 rg BT 484.21 152.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 519.08 152.80 Td (reporting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 139.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 88.61 139.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 139.34 139.60 Td (after ) Tj ET Q q 0 0 0 rg BT 164.38 139.60 Td (December ) Tj ET Q q 0 0 0 rg BT 218.15 139.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 236.47 139.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 267.03 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 269.86 139.60 Td (The ) Tj ET Q q 0 0 0 rg BT 291.84 139.60 Td (F) Tj ET Q q 0 0 0 rg BT 297.95 139.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 322.99 139.60 Td (has ) Tj ET Q q 0 0 0 rg BT 343.75 139.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 385.30 139.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 420.12 139.60 Td (several ) Tj ET Q q 0 0 0 rg BT 458.61 139.60 Td (other ) Tj ET Q q 0 0 0 rg BT 486.71 139.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 553.33 139.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 126.40 Td (the ) Tj ET Q q 0 0 0 rg BT 70.29 126.40 Td (standard, ) Tj ET Q q 0 0 0 rg BT 121.65 126.40 Td (including ) Tj ET Q q 0 0 0 rg BT 170.57 126.40 Td (clarification ) Tj ET Q q 0 0 0 rg BT 231.09 126.40 Td (on ) Tj ET Q q 0 0 0 rg BT 248.83 126.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 307.54 126.40 Td (for ) Tj ET Q q 0 0 0 rg BT 325.87 126.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 371.11 126.40 Td (of ) Tj ET Q q 0 0 0 rg BT 385.79 126.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 443.26 126.40 Td (property ) Tj ET Q q 0 0 0 rg BT 489.11 126.40 Td (and ) Tj ET Q q 0 0 0 rg BT 512.97 126.40 Td (identifying ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 113.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 114.07 113.20 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 172.54 113.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 205.32 113.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.43 113.20 Td (new ) Tj ET Q q 0 0 0 rg BT 246.43 113.20 Td (standard, ) Tj ET Q q 0 0 0 rg BT 295.12 113.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 337.69 113.20 Td (is ) Tj ET Q q 0 0 0 rg BT 348.45 113.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 405.09 113.20 Td (when ) Tj ET Q q 0 0 0 rg BT 434.20 113.20 Td (a ) Tj ET Q q 0 0 0 rg BT 443.14 113.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 491.20 113.20 Td (obtains ) Tj ET Q q 0 0 0 rg BT 529.49 113.20 Td (control ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.61 100.00 Td (promised ) Tj ET Q q 0 0 0 rg BT 111.78 100.00 Td (goods ) Tj ET Q q 0 0 0 rg BT 145.69 100.00 Td (or ) Tj ET Q q 0 0 0 rg BT 159.41 100.00 Td (services ) Tj ET Q q 0 0 0 rg BT 203.68 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 225.97 100.00 Td (is ) Tj ET Q q 0 0 0 rg BT 237.85 100.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 295.60 100.00 Td (in ) Tj ET Q q 0 0 0 rg BT 308.10 100.00 Td (an ) Tj ET Q q 0 0 0 rg BT 324.27 100.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.89 100.00 Td (that ) Tj ET Q q 0 0 0 rg BT 387.17 100.00 Td (reflects ) Tj ET Q q 0 0 0 rg BT 426.56 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 445.79 100.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 515.16 100.00 Td (which ) Tj ET Q q 0 0 0 rg BT 547.21 100.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 86.80 Td (entity ) Tj ET Q q 0 0 0 rg BT 80.31 86.80 Td (expects ) Tj ET Q q 0 0 0 rg BT 122.74 86.80 Td (to ) Tj ET Q q 0 0 0 rg BT 136.44 86.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 176.42 86.80 Td (in ) Tj ET Q q 0 0 0 rg BT 189.50 86.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 241.73 86.80 Td (for ) Tj ET Q q 0 0 0 rg BT 259.09 86.80 Td (those ) Tj ET Q q 0 0 0 rg BT 290.52 86.80 Td (goods ) Tj ET Q q 0 0 0 rg BT 325.01 86.80 Td (and ) Tj ET Q q 0 0 0 rg BT 347.89 86.80 Td (services. ) Tj ET Q q 0 0 0 rg BT 395.81 86.80 Td (In ) Tj ET Q q 0 0 0 rg BT 409.50 86.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 455.61 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 475.42 86.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 522.75 86.80 Td (requires ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 73.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 102.08 73.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.31 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.66 73.60 Td (nature, ) Tj ET Q q 0 0 0 rg BT 169.96 73.60 Td (amount, ) Tj ET Q q 0 0 0 rg BT 212.77 73.60 Td (timing, ) Tj ET Q q 0 0 0 rg BT 248.22 73.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.63 73.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 326.50 73.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.73 73.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 381.54 73.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.95 73.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 429.24 73.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.36 73.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 492.82 73.60 Td (from ) Tj ET Q q 0 0 0 rg BT 517.88 73.60 Td (contracts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 60.40 Td (with ) Tj ET Q q 0 0 0 rg BT 72.12 60.40 Td (customers. ) Tj ET Q endstream endobj 271 0 obj <> endobj 272 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (134) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (The ) Tj ET Q q 0 0 0 rg BT 72.57 712.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 121.34 712.00 Td (permits ) Tj ET Q q 0 0 0 rg BT 161.51 712.00 Td (two ) Tj ET Q q 0 0 0 rg BT 182.75 712.00 Td (methods ) Tj ET Q q 0 0 0 rg BT 229.05 712.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.34 712.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 288.66 712.00 Td (to ) Tj ET Q q 0 0 0 rg BT 301.95 712.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 330.52 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.93 712.00 Td (new ) Tj ET Q q 0 0 0 rg BT 374.23 712.00 Td (standard: ) Tj ET Q q 0 0 0 rg BT 424.21 712.00 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 499.24 712.00 Td (to ) Tj ET Q q 0 0 0 rg BT 512.52 712.00 Td (each ) Tj ET Q q 0 0 0 rg BT 540.49 712.00 Td (prior ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 698.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 95.14 698.80 Td (period ) Tj ET Q q 0 0 0 rg BT 127.95 698.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 179.10 698.80 Td (\(full ) Tj ET Q q 0 0 0 rg BT 199.05 698.80 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 264.25 698.80 Td (method\), ) Tj ET Q q 0 0 0 rg BT 309.89 698.80 Td (or ) Tj ET Q q 0 0 0 rg BT 321.90 698.80 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 395.04 698.80 Td (with ) Tj ET Q q 0 0 0 rg BT 416.83 698.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.35 698.80 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 489.16 698.80 Td (ef) Tj ET Q q 0 0 0 rg BT 498.13 698.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 518.09 698.80 Td (of ) Tj ET Q q 0 0 0 rg BT 529.49 698.80 Td (initially ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 93.48 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.78 685.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 159.44 685.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 216.26 685.60 Td (at ) Tj ET Q q 0 0 0 rg BT 228.44 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.74 685.60 Td (date ) Tj ET Q q 0 0 0 rg BT 271.15 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.33 685.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 311.41 685.60 Td (application ) Tj ET Q q 0 0 0 rg BT 367.01 685.60 Td (\(cumulative ) Tj ET Q q 0 0 0 rg BT 426.26 685.60 Td (catch-up ) Tj ET Q q 0 0 0 rg BT 471.45 685.60 Td (transition ) Tj ET Q q 0 0 0 rg BT 519.09 685.60 Td (method\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.40 Td (W) Tj ET Q q 0 0 0 rg BT 59.68 672.40 Td (e ) Tj ET Q q 0 0 0 rg BT 69.56 672.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 115.50 672.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 166.36 672.40 Td (adopting ) Tj ET Q q 0 0 0 rg BT 212.32 672.40 Td (the ) Tj ET Q q 0 0 0 rg BT 231.38 672.40 Td (standard ) Tj ET Q q 0 0 0 rg BT 277.95 672.40 Td (using ) Tj ET Q q 0 0 0 rg BT 308.01 672.40 Td (the ) Tj ET Q q 0 0 0 rg BT 327.06 672.40 Td (full ) Tj ET Q q 0 0 0 rg BT 344.88 672.40 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 411.62 672.40 Td (method. ) Tj ET Q q 0 0 0 rg BT 455.13 672.40 Td ( ) Tj ET Q q 0 0 0 rg BT 458.89 672.40 Td (While ) Tj ET Q q 0 0 0 rg BT 490.15 672.40 Td (we ) Tj ET Q q 0 0 0 rg BT 507.98 672.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 553.33 672.40 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 659.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 87.15 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.86 659.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 150.86 659.20 Td (impacts ) Tj ET Q q 0 0 0 rg BT 192.18 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 204.77 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.48 659.20 Td (standard, ) Tj ET Q q 0 0 0 rg BT 272.75 659.20 Td (we ) Tj ET Q q 0 0 0 rg BT 290.23 659.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 340.74 659.20 Td (that ) Tj ET Q q 0 0 0 rg BT 362.50 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.21 659.20 Td (most ) Tj ET Q q 0 0 0 rg BT 408.46 659.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 460.79 659.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 496.61 659.20 Td (will ) Tj ET Q q 0 0 0 rg BT 515.30 659.20 Td (be ) Tj ET Q q 0 0 0 rg BT 530.95 659.20 Td (on ) Tj ET Q q 0 0 0 rg BT 546.60 659.20 Td (our ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 646.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 99.20 646.00 Td (from ) Tj ET Q q 0 0 0 rg BT 125.66 646.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 183.32 646.00 Td (license ) Tj ET Q q 0 0 0 rg BT 222.01 646.00 Td (fees. ) Tj ET Q q 0 0 0 rg BT 250.31 646.00 Td ( ) Tj ET Q q 0 0 0 rg BT 254.76 646.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 289.18 646.00 Td (the ) Tj ET Q q 0 0 0 rg BT 308.92 646.00 Td (new ) Tj ET Q q 0 0 0 rg BT 333.55 646.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 377.76 646.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 425.02 646.00 Td (licensing ) Tj ET Q q 0 0 0 rg BT 472.28 646.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 497.52 646.00 Td (are ) Tj ET Q q 0 0 0 rg BT 517.87 646.00 Td (generally ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 632.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.87 632.80 Td (at ) Tj ET Q q 0 0 0 rg BT 117.59 632.80 Td (a ) Tj ET Q q 0 0 0 rg BT 126.26 632.80 Td (point ) Tj ET Q q 0 0 0 rg BT 152.67 632.80 Td (in ) Tj ET Q q 0 0 0 rg BT 163.79 632.80 Td (time ) Tj ET Q q 0 0 0 rg BT 187.12 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 201.29 632.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 252.76 632.80 Td (to ) Tj ET Q q 0 0 0 rg BT 264.48 632.80 Td (our ) Tj ET Q q 0 0 0 rg BT 282.94 632.80 Td (current ) Tj ET Q q 0 0 0 rg BT 319.73 632.80 Td (practice ) Tj ET Q q 0 0 0 rg BT 360.79 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.52 632.80 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 431.33 632.80 Td (them ) Tj ET Q q 0 0 0 rg BT 458.34 632.80 Td (over ) Tj ET Q q 0 0 0 rg BT 482.29 632.80 Td (time. ) Tj ET Q q 0 0 0 rg BT 508.68 632.80 Td ( ) Tj ET Q q 0 0 0 rg BT 511.23 632.80 Td (W) Tj ET Q q 0 0 0 rg BT 521.42 632.80 Td (e ) Tj ET Q q 0 0 0 rg BT 530.09 632.80 Td (expect ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 67.32 619.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 115.10 619.60 Td (from ) Tj ET Q q 0 0 0 rg BT 139.64 619.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 162.35 619.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 190.56 619.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.26 619.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 238.41 619.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 301.48 619.60 Td (unchanged. ) Tj ET Q q 0 0 0 rg BT 361.50 619.60 Td ( ) Tj ET Q q 0 0 0 rg BT 364.04 619.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 396.54 619.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 444.32 619.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.75 619.60 Td (specifically ) Tj ET Q q 0 0 0 rg BT 518.46 619.60 Td (excluded ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 606.40 Td (from ) Tj ET Q q 0 0 0 rg BT 74.56 606.40 Td (the ) Tj ET Q q 0 0 0 rg BT 92.90 606.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 135.71 606.40 Td (standard. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 581.20 Td (The ) Tj ET Q q 0 0 0 rg BT 74.79 581.20 Td (F) Tj ET Q q 0 0 0 rg BT 80.90 581.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 109.25 581.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.13 581.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 206.89 581.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 263.38 581.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 305.18 581.20 Td (No. ) Tj ET Q q 0 0 0 rg BT 328.64 581.20 Td (2015-02, ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 378.40 581.20 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 451.40 581.20 Td (- ) Tj ET Q q 0 0 0 rg BT 460.55 581.20 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 531.70 581.20 Td (to ) Tj ET Q q 0 0 0 rg BT 547.21 581.20 Td (the ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 568.00 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 118.93 568.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 163.09 568.00 Td (\(T) Tj ET Q q 0 0 0 rg BT 172.46 568.00 Td (opic ) Tj ET Q q 0 0 0 rg BT 195.84 568.00 Td (810\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.86 568.00 Td (, ) Tj ET Q q 0 0 0 rg BT 224.11 568.00 Td (during ) Tj ET Q q 0 0 0 rg BT 257.89 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.39 568.00 Td (first ) Tj ET Q q 0 0 0 rg BT 297.31 568.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 335.36 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.73 568.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 375.40 568.00 Td (and ) Tj ET Q q 0 0 0 rg BT 396.96 568.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 431.96 568.00 Td (No. ) Tj ET Q q 0 0 0 rg BT 452.27 568.00 Td (2016-17 ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 495.84 568.00 Td (Consolidation ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 58.87 554.80 Td (opic ) Tj ET Q q 0 0 0 rg BT 83.23 554.80 Td (810\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 105.24 554.80 Td ( ) Tj ET Q q 0 0 0 rg BT 109.42 554.80 Td (as ) Tj ET Q q 0 0 0 rg BT 125.22 554.80 Td (an ) Tj ET Q q 0 0 0 rg BT 141.63 554.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 203.89 554.80 Td (in ) Tj ET Q q 0 0 0 rg BT 216.63 554.80 Td (October ) Tj ET Q q 0 0 0 rg BT 259.94 554.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 291.64 554.80 Td (Once ) Tj ET Q q 0 0 0 rg BT 322.11 554.80 Td (ef) Tj ET Q q 0 0 0 rg BT 331.08 554.80 Td (fective, ) Tj ET Q q 0 0 0 rg BT 370.11 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 388.75 554.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 415.54 554.80 Td (will ) Tj ET Q q 0 0 0 rg BT 434.99 554.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 465.47 554.80 Td (to ) Tj ET Q q 0 0 0 rg BT 478.82 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 498.29 554.80 Td (consolidation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 111.15 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.28 541.60 Td (all ) Tj ET Q q 0 0 0 rg BT 137.25 541.60 Td (entities. ) Tj ET Q q 0 0 0 rg BT 177.93 541.60 Td (The ) Tj ET Q q 0 0 0 rg BT 199.84 541.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 245.61 541.60 Td (is ) Tj ET Q q 0 0 0 rg BT 256.52 541.60 Td (ef) Tj ET Q q 0 0 0 rg BT 265.49 541.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 300.24 541.60 Td (for ) Tj ET Q q 0 0 0 rg BT 316.04 541.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 362.41 541.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 400.23 541.60 Td (with ) Tj ET Q q 0 0 0 rg BT 422.75 541.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 450.77 541.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 489.81 541.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 540.48 541.60 Td (after ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 528.40 Td (December ) Tj ET Q q 0 0 0 rg BT 103.35 528.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 121.75 528.40 Td (2016. ) Tj ET Q q 0 0 0 rg BT 152.18 528.40 Td (The ) Tj ET Q q 0 0 0 rg BT 174.24 528.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.42 528.40 Td (has ) Tj ET Q q 0 0 0 rg BT 245.27 528.40 Td (assessed ) Tj ET Q q 0 0 0 rg BT 294.84 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 313.24 528.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 348.75 528.40 Td (of ) Tj ET Q q 0 0 0 rg BT 361.03 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 528.40 Td (ASU ) Tj ET Q q 0 0 0 rg BT 404.53 528.40 Td (on ) Tj ET Q q 0 0 0 rg BT 419.88 528.40 Td (its ) Tj ET Q q 0 0 0 rg BT 433.98 528.40 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 501.30 528.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 544.15 528.40 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 515.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 95.85 515.20 Td (that ) Tj ET Q q 0 0 0 rg BT 120.19 515.20 Td (the ) Tj ET Q q 0 0 0 rg BT 141.48 515.20 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 211.69 515.20 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 275.16 515.20 Td (will ) Tj ET Q q 0 0 0 rg BT 296.43 515.20 Td (not ) Tj ET Q q 0 0 0 rg BT 317.71 515.20 Td (dif) Tj ET Q q 0 0 0 rg BT 329.13 515.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 347.96 515.20 Td (from ) Tj ET Q q 0 0 0 rg BT 375.96 515.20 Td (the ) Tj ET Q q 0 0 0 rg BT 397.24 515.20 Td (Company) Tj ET Q q 0 0 0 rg BT 446.56 515.20 Td (s ) Tj ET Q q 0 0 0 rg BT 458.06 515.20 Td (current ) Tj ET Q q 0 0 0 rg BT 498.29 515.20 Td (consolidation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 502.00 Td (methodology) Tj ET Q q 0 0 0 rg BT 111.67 502.00 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 476.80 Td (In ) Tj ET Q q 0 0 0 rg BT 63.95 476.80 Td (February ) Tj ET Q q 0 0 0 rg BT 113.23 476.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 146.03 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 476.80 Td (F) Tj ET Q q 0 0 0 rg BT 172.71 476.80 Td (ASB ) Tj ET Q q 0 0 0 rg BT 199.99 476.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.01 476.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 263.90 476.80 Td (2016-02 ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 309.54 476.80 Td (Leases ) Tj ET Q q 0 0 0 rg BT 350.28 476.80 Td (\(T) Tj ET Q q 0 0 0 rg BT 359.65 476.80 Td (opic ) Tj ET Q q 0 0 0 rg BT 385.10 476.80 Td (842\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 412.39 476.80 Td (which ) Tj ET Q q 0 0 0 rg BT 445.79 476.80 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 476.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 506.48 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 476.80 Td (increase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 463.60 Td (transparency ) Tj ET Q q 0 0 0 rg BT 116.08 463.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.43 463.60 Td (comparability ) Tj ET Q q 0 0 0 rg BT 205.22 463.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.39 463.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.58 463.60 Td (for ) Tj ET Q q 0 0 0 rg BT 289.41 463.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 318.70 463.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 384.06 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.86 463.60 Td (The ) Tj ET Q q 0 0 0 rg BT 408.21 463.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 433.82 463.60 Td (will ) Tj ET Q q 0 0 0 rg BT 452.09 463.60 Td (require ) Tj ET Q q 0 0 0 rg BT 489.32 463.60 Td (all ) Tj ET Q q 0 0 0 rg BT 503.32 463.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 538.11 463.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 463.60 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 450.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.65 450.40 Td (on ) Tj ET Q q 0 0 0 rg BT 122.23 450.40 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 450.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 182.74 450.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 212.99 450.40 Td (as ) Tj ET Q q 0 0 0 rg BT 227.95 450.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.58 450.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.72 450.40 Td (and ) Tj ET Q q 0 0 0 rg BT 314.41 450.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 344.05 450.40 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 392.02 450.40 Td ( ) Tj ET Q q 0 0 0 rg BT 395.36 450.40 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 431.72 450.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 488.27 450.40 Td (remains ) Tj ET Q q 0 0 0 rg BT 530.73 450.40 Td (similar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 437.20 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 437.20 Td (the ) Tj ET Q q 0 0 0 rg BT 78.24 437.20 Td (current ) Tj ET Q q 0 0 0 rg BT 114.62 437.20 Td (model, ) Tj ET Q q 0 0 0 rg BT 149.77 437.20 Td (but ) Tj ET Q q 0 0 0 rg BT 167.20 437.20 Td (is ) Tj ET Q q 0 0 0 rg BT 177.28 437.20 Td (updated ) Tj ET Q q 0 0 0 rg BT 219.18 437.20 Td (to ) Tj ET Q q 0 0 0 rg BT 230.49 437.20 Td (align ) Tj ET Q q 0 0 0 rg BT 255.87 437.20 Td (with ) Tj ET Q q 0 0 0 rg BT 277.57 437.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 312.73 437.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 356.45 437.20 Td (to ) Tj ET Q q 0 0 0 rg BT 367.77 437.20 Td (the ) Tj ET Q q 0 0 0 rg BT 385.19 437.20 Td (lessee ) Tj ET Q q 0 0 0 rg BT 419.13 437.20 Td (model ) Tj ET Q q 0 0 0 rg BT 451.23 437.20 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 474.76 437.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.91 437.20 Td (definitions, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 424.00 Td (such ) Tj ET Q q 0 0 0 rg BT 78.63 424.00 Td (as ) Tj ET Q q 0 0 0 rg BT 96.14 424.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 127.09 424.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 159.88 424.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 194.51 424.00 Td (have ) Tj ET Q q 0 0 0 rg BT 224.25 424.00 Td (been ) Tj ET Q q 0 0 0 rg BT 254.61 424.00 Td (updated\) ) Tj ET Q q 0 0 0 rg BT 303.93 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 328.17 424.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 424.00 Td (new ) Tj ET Q q 0 0 0 rg BT 375.43 424.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.07 424.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 480.78 424.00 Td (standard. ) Tj ET Q q 0 0 0 rg BT 532.53 424.00 Td (Lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 410.80 Td (classifications ) Tj ET Q q 0 0 0 rg BT 118.99 410.80 Td (by ) Tj ET Q q 0 0 0 rg BT 132.24 410.80 Td (lessors ) Tj ET Q q 0 0 0 rg BT 168.72 410.80 Td (are ) Tj ET Q q 0 0 0 rg BT 186.25 410.80 Td (similar; ) Tj ET Q q 0 0 0 rg BT 222.71 410.80 Td (operating, ) Tj ET Q q 0 0 0 rg BT 273.27 410.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 301.80 410.80 Td (financing, ) Tj ET Q q 0 0 0 rg BT 350.52 410.80 Td (or ) Tj ET Q q 0 0 0 rg BT 361.93 410.80 Td (sales-type. ) Tj ET Q q 0 0 0 rg BT 416.75 410.80 Td ( ) Tj ET Q q 0 0 0 rg BT 418.39 410.80 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 460.99 410.80 Td (will ) Tj ET Q q 0 0 0 rg BT 477.90 410.80 Td (need ) Tj ET Q q 0 0 0 rg BT 504.00 410.80 Td (to ) Tj ET Q q 0 0 0 rg BT 514.81 410.80 Td (recognize ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 397.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.98 397.60 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 115.98 397.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 144.63 397.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.35 397.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.83 397.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 202.48 397.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 237.86 397.60 Td (for ) Tj ET Q q 0 0 0 rg BT 253.06 397.60 Td (virtually ) Tj ET Q q 0 0 0 rg BT 292.71 397.60 Td (all ) Tj ET Q q 0 0 0 rg BT 306.07 397.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 397.60 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 397.60 Td (leases. ) Tj ET Q q 0 0 0 rg BT 378.43 397.60 Td (The ) Tj ET Q q 0 0 0 rg BT 399.75 397.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 435.12 397.60 Td (will ) Tj ET Q q 0 0 0 rg BT 452.76 397.60 Td (be ) Tj ET Q q 0 0 0 rg BT 467.36 397.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 496.63 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.17 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 525.82 397.60 Td (present ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 384.40 Td (value ) Tj ET Q q 0 0 0 rg BT 79.15 384.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.67 384.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 121.32 384.40 Td (payments. ) Tj ET Q q 0 0 0 rg BT 175.20 384.40 Td (The ) Tj ET Q q 0 0 0 rg BT 197.51 384.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.15 384.40 Td (value ) Tj ET Q q 0 0 0 rg BT 256.80 384.40 Td (will ) Tj ET Q q 0 0 0 rg BT 275.43 384.40 Td (be ) Tj ET Q q 0 0 0 rg BT 291.01 384.40 Td (based ) Tj ET Q q 0 0 0 rg BT 324.34 384.40 Td (on ) Tj ET Q q 0 0 0 rg BT 339.92 384.40 Td (the ) Tj ET Q q 0 0 0 rg BT 358.57 384.40 Td (liability) Tj ET Q q 0 0 0 rg BT 390.76 384.40 Td (, ) Tj ET Q q 0 0 0 rg BT 397.17 384.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 435.37 384.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.90 384.40 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 508.11 384.40 Td (such ) Tj ET Q q 0 0 0 rg BT 534.70 384.40 Td (as ) Tj ET Q q 0 0 0 rg BT 549.67 384.40 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 371.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 77.36 371.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 107.04 371.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 138.56 371.20 Td (For ) Tj ET Q q 0 0 0 rg BT 157.85 371.20 Td (income ) Tj ET Q q 0 0 0 rg BT 196.10 371.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 247.19 371.20 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 298.29 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 316.37 371.20 Td (F) Tj ET Q q 0 0 0 rg BT 322.48 371.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 347.28 371.20 Td (retained ) Tj ET Q q 0 0 0 rg BT 389.82 371.20 Td (a ) Tj ET Q q 0 0 0 rg BT 398.73 371.20 Td (dual ) Tj ET Q q 0 0 0 rg BT 422.31 371.20 Td (model, ) Tj ET Q q 0 0 0 rg BT 458.12 371.20 Td (requiring ) Tj ET Q q 0 0 0 rg BT 503.71 371.20 Td (leases ) Tj ET Q q 0 0 0 rg BT 538.30 371.20 Td (to ) Tj ET Q q 0 0 0 rg BT 550.26 371.20 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 358.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 98.45 358.00 Td (as ) Tj ET Q q 0 0 0 rg BT 113.78 358.00 Td (either ) Tj ET Q q 0 0 0 rg BT 145.00 358.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 194.58 358.00 Td (or ) Tj ET Q q 0 0 0 rg BT 208.07 358.00 Td (finance. ) Tj ET Q q 0 0 0 rg BT 250.30 358.00 Td (Classification ) Tj ET Q q 0 0 0 rg BT 318.81 358.00 Td (will ) Tj ET Q q 0 0 0 rg BT 337.80 358.00 Td (be ) Tj ET Q q 0 0 0 rg BT 353.74 358.00 Td (based ) Tj ET Q q 0 0 0 rg BT 387.42 358.00 Td (on ) Tj ET Q q 0 0 0 rg BT 403.36 358.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 440.08 358.00 Td (that ) Tj ET Q q 0 0 0 rg BT 462.13 358.00 Td (are ) Tj ET Q q 0 0 0 rg BT 481.74 358.00 Td (largely ) Tj ET Q q 0 0 0 rg BT 517.85 358.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 553.34 358.00 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 344.80 Td (those ) Tj ET Q q 0 0 0 rg BT 81.88 344.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 122.83 344.80 Td (in ) Tj ET Q q 0 0 0 rg BT 136.87 344.80 Td (current ) Tj ET Q q 0 0 0 rg BT 176.58 344.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 208.35 344.80 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 270.08 344.80 Td (but ) Tj ET Q q 0 0 0 rg BT 290.85 344.80 Td (without ) Tj ET Q q 0 0 0 rg BT 331.17 344.80 Td (explicit ) Tj ET Q q 0 0 0 rg BT 370.27 344.80 Td (thresholds. ) Tj ET Q q 0 0 0 rg BT 429.20 344.80 Td (The ) Tj ET Q q 0 0 0 rg BT 452.54 344.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 480.63 344.80 Td (will ) Tj ET Q q 0 0 0 rg BT 501.38 344.80 Td (require ) Tj ET Q q 0 0 0 rg BT 541.09 344.80 Td (both ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 331.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 108.82 331.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.23 331.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 182.82 331.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 240.89 331.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 290.43 331.60 Td (key ) Tj ET Q q 0 0 0 rg BT 310.60 331.60 Td (information ) Tj ET Q q 0 0 0 rg BT 368.07 331.60 Td (about ) Tj ET Q q 0 0 0 rg BT 398.65 331.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 436.57 331.60 Td (arrangements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 306.40 Td (The ) Tj ET Q q 0 0 0 rg BT 70.45 306.40 Td (standard ) Tj ET Q q 0 0 0 rg BT 115.26 306.40 Td (is ) Tj ET Q q 0 0 0 rg BT 125.20 306.40 Td (ef) Tj ET Q q 0 0 0 rg BT 134.18 306.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 167.97 306.40 Td (for ) Tj ET Q q 0 0 0 rg BT 182.81 306.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.10 306.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.18 306.40 Td (for ) Tj ET Q q 0 0 0 rg BT 264.01 306.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 291.07 306.40 Td (years ) Tj ET Q q 0 0 0 rg BT 319.97 306.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 369.68 306.40 Td (after ) Tj ET Q q 0 0 0 rg BT 393.69 306.40 Td (December ) Tj ET Q q 0 0 0 rg BT 446.43 306.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 463.72 306.40 Td (2018. ) Tj ET Q q 0 0 0 rg BT 493.25 306.40 Td (Early ) Tj ET Q q 0 0 0 rg BT 520.31 306.40 Td (adoption ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 293.20 Td (is ) Tj ET Q q 0 0 0 rg BT 60.19 293.20 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 111.66 293.20 Td (The ) Tj ET Q q 0 0 0 rg BT 133.36 293.20 Td (new ) Tj ET Q q 0 0 0 rg BT 156.28 293.20 Td (standard ) Tj ET Q q 0 0 0 rg BT 201.83 293.20 Td (must ) Tj ET Q q 0 0 0 rg BT 228.41 293.20 Td (be ) Tj ET Q q 0 0 0 rg BT 243.39 293.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 285.89 293.20 Td (using ) Tj ET Q q 0 0 0 rg BT 314.93 293.20 Td (a ) Tj ET Q q 0 0 0 rg BT 323.79 293.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 368.11 293.20 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 433.83 293.20 Td (transition, ) Tj ET Q q 0 0 0 rg BT 484.26 293.20 Td (and ) Tj ET Q q 0 0 0 rg BT 505.35 293.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 549.67 293.20 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 280.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 85.65 280.00 Td (practical ) Tj ET Q q 0 0 0 rg BT 129.75 280.00 Td (expedients. ) Tj ET Q q 0 0 0 rg BT 188.94 280.00 Td (T) Tj ET Q q 0 0 0 rg BT 195.25 280.00 Td (ransition ) Tj ET Q q 0 0 0 rg BT 239.96 280.00 Td (will ) Tj ET Q q 0 0 0 rg BT 258.37 280.00 Td (require ) Tj ET Q q 0 0 0 rg BT 295.75 280.00 Td (application ) Tj ET Q q 0 0 0 rg BT 351.48 280.00 Td (of ) Tj ET Q q 0 0 0 rg BT 363.79 280.00 Td (the ) Tj ET Q q 0 0 0 rg BT 382.22 280.00 Td (new ) Tj ET Q q 0 0 0 rg BT 405.53 280.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 453.31 280.00 Td (at ) Tj ET Q q 0 0 0 rg BT 465.62 280.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.05 280.00 Td (beginning ) Tj ET Q q 0 0 0 rg BT 534.90 280.00 Td (of ) Tj ET Q q 0 0 0 rg BT 547.21 280.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 266.80 Td (earliest ) Tj ET Q q 0 0 0 rg BT 89.05 266.80 Td (comparative ) Tj ET Q q 0 0 0 rg BT 153.06 266.80 Td (period ) Tj ET Q q 0 0 0 rg BT 187.72 266.80 Td (presented. ) Tj ET Q q 0 0 0 rg BT 243.79 266.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 312.09 266.80 Td (is ) Tj ET Q q 0 0 0 rg BT 324.13 266.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 370.40 266.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 424.64 266.80 Td (the ) Tj ET Q q 0 0 0 rg BT 444.02 266.80 Td (ef) Tj ET Q q 0 0 0 rg BT 452.99 266.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.81 266.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.08 266.80 Td (this ) Tj ET Q q 0 0 0 rg BT 508.47 266.80 Td (ASU ) Tj ET Q q 0 0 0 rg BT 535.18 266.80 Td (on ) Tj ET Q q 0 0 0 rg BT 551.51 266.80 Td (its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 253.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.85 253.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 151.64 253.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.98 253.60 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 236.04 253.60 Td (W) Tj ET Q q 0 0 0 rg BT 246.22 253.60 Td (e ) Tj ET Q q 0 0 0 rg BT 256.33 253.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 302.50 253.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 338.89 253.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.05 253.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 383.57 253.60 Td (this ) Tj ET Q q 0 0 0 rg BT 404.67 253.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 451.47 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.02 253.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 523.65 253.60 Td (with ) Tj ET Q q 0 0 0 rg BT 547.20 253.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 240.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 92.08 240.40 Td (standard ) Tj ET Q q 0 0 0 rg BT 137.71 240.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 188.24 240.40 Td (January ) Tj ET Q q 0 0 0 rg BT 230.20 240.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 242.20 240.40 Td (2018. ) Tj ET Q q 0 0 0 rg BT 272.55 240.40 Td ( ) Tj ET Q q 0 0 0 rg BT 275.38 240.40 Td (However) Tj ET Q q 0 0 0 rg BT 318.17 240.40 Td (, ) Tj ET Q q 0 0 0 rg BT 324.06 240.40 Td (we ) Tj ET Q q 0 0 0 rg BT 340.94 240.40 Td (may ) Tj ET Q q 0 0 0 rg BT 364.55 240.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 416.29 240.40 Td (not ) Tj ET Q q 0 0 0 rg BT 434.40 240.40 Td (to ) Tj ET Q q 0 0 0 rg BT 446.40 240.40 Td (adopt ) Tj ET Q q 0 0 0 rg BT 476.75 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 494.87 240.40 Td (standard ) Tj ET Q q 0 0 0 rg BT 540.50 240.40 Td (prior ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 227.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.21 227.20 Td (the ) Tj ET Q q 0 0 0 rg BT 79.05 227.20 Td (required ) Tj ET Q q 0 0 0 rg BT 121.94 227.20 Td (ef) Tj ET Q q 0 0 0 rg BT 130.92 227.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 165.25 227.20 Td (date. ) Tj ET Q q 0 0 0 rg BT 192.26 227.20 Td ( ) Tj ET Q q 0 0 0 rg BT 194.80 227.20 Td (W) Tj ET Q q 0 0 0 rg BT 204.98 227.20 Td (e ) Tj ET Q q 0 0 0 rg BT 213.64 227.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 263.27 227.20 Td (this ) Tj ET Q q 0 0 0 rg BT 282.92 227.20 Td (standard ) Tj ET Q q 0 0 0 rg BT 328.27 227.20 Td (will ) Tj ET Q q 0 0 0 rg BT 346.09 227.20 Td (have ) Tj ET Q q 0 0 0 rg BT 372.48 227.20 Td (a ) Tj ET Q q 0 0 0 rg BT 381.14 227.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 432.59 227.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 467.53 227.20 Td (on ) Tj ET Q q 0 0 0 rg BT 482.31 227.20 Td (our ) Tj ET Q q 0 0 0 rg BT 500.74 227.20 Td (consolidated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 214.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.12 214.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 151.25 214.00 Td ( ) Tj ET Q q 0 0 0 rg BT 153.37 214.00 Td (The ) Tj ET Q q 0 0 0 rg BT 174.58 214.00 Td (most ) Tj ET Q q 0 0 0 rg BT 200.69 214.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 251.87 214.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 286.53 214.00 Td (will ) Tj ET Q q 0 0 0 rg BT 304.07 214.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 333.85 214.00 Td (to ) Tj ET Q q 0 0 0 rg BT 345.29 214.00 Td (our ) Tj ET Q q 0 0 0 rg BT 363.45 214.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 411.59 214.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 445.65 214.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 500.50 214.00 Td (with ) Tj ET Q q 0 0 0 rg BT 522.33 214.00 Td (our ) Tj ET Q q 0 0 0 rg BT 540.49 214.00 Td (REF ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 200.80 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 98.40 200.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 175.60 Td (In ) Tj ET Q q 0 0 0 rg BT 62.38 175.60 Td (June ) Tj ET Q q 0 0 0 rg BT 89.93 175.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 120.43 175.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 146.75 175.60 Td (2016-13, ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 193.88 175.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 241.60 175.60 Td (Instruments-Credit ) Tj ET Q q 0 0 0 rg BT 335.78 175.60 Td (Losses) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 370.63 175.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.34 175.60 Td (was ) Tj ET Q q 0 0 0 rg BT 397.60 175.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 436.16 175.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.62 175.60 Td (The ) Tj ET Q q 0 0 0 rg BT 461.54 175.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 487.86 175.60 Td (introduces ) Tj ET Q q 0 0 0 rg BT 542.32 175.60 Td (new ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 162.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.07 162.40 Td (models ) Tj ET Q q 0 0 0 rg BT 144.89 162.40 Td (for ) Tj ET Q q 0 0 0 rg BT 161.09 162.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.10 162.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 239.36 162.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 273.90 162.40 Td (on ) Tj ET Q q 0 0 0 rg BT 289.50 162.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 333.22 162.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 393.43 162.40 Td (and ) Tj ET Q q 0 0 0 rg BT 415.15 162.40 Td (applies ) Tj ET Q q 0 0 0 rg BT 453.37 162.40 Td (to: ) Tj ET Q q 0 0 0 rg BT 468.96 162.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 485.77 162.40 Td (loans, ) Tj ET Q q 0 0 0 rg BT 518.48 162.40 Td (accounts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 149.20 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 105.33 149.20 Td (trade ) Tj ET Q q 0 0 0 rg BT 133.04 149.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 191.32 149.20 Td (and ) Tj ET Q q 0 0 0 rg BT 212.31 149.20 Td (other ) Tj ET Q q 0 0 0 rg BT 240.02 149.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.01 149.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 317.44 149.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 368.99 149.20 Td (at ) Tj ET Q q 0 0 0 rg BT 380.80 149.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 431.73 149.20 Td (cost, ) Tj ET Q q 0 0 0 rg BT 457.60 149.20 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 473.68 149.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 497.12 149.20 Td (commitments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 136.00 Td (and ) Tj ET Q q 0 0 0 rg BT 69.92 136.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 105.00 136.00 Td (other ) Tj ET Q q 0 0 0 rg BT 132.14 136.00 Td (of) Tj ET Q q 0 0 0 rg BT 141.11 136.00 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 188.43 136.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 217.40 136.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 246.37 136.00 Td (exposures, ) Tj ET Q q 0 0 0 rg BT 302.24 136.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 317.75 136.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 341.23 136.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.75 136.00 Td (and ) Tj ET Q q 0 0 0 rg BT 410.17 136.00 Td (other ) Tj ET Q q 0 0 0 rg BT 437.31 136.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.73 136.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 513.59 136.00 Td (measured ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 122.80 Td (at ) Tj ET Q q 0 0 0 rg BT 62.05 122.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.70 122.80 Td (value ) Tj ET Q q 0 0 0 rg BT 110.37 122.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.10 122.80 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 148.92 122.80 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 198.77 122.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 243.71 122.80 Td (in ) Tj ET Q q 0 0 0 rg BT 255.65 122.80 Td (securitized ) Tj ET Q q 0 0 0 rg BT 311.60 122.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.33 122.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 393.56 122.80 Td ( ) Tj ET Q q 0 0 0 rg BT 396.93 122.80 Td (W) Tj ET Q q 0 0 0 rg BT 407.11 122.80 Td (e ) Tj ET Q q 0 0 0 rg BT 416.61 122.80 Td (do ) Tj ET Q q 0 0 0 rg BT 432.21 122.80 Td (not ) Tj ET Q q 0 0 0 rg BT 450.88 122.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 486.66 122.80 Td (this ) Tj ET Q q 0 0 0 rg BT 507.16 122.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 553.34 122.80 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 109.60 Td (have ) Tj ET Q q 0 0 0 rg BT 76.41 109.60 Td (a ) Tj ET Q q 0 0 0 rg BT 85.58 109.60 Td (material ) Tj ET Q q 0 0 0 rg BT 127.76 109.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.22 109.60 Td (on ) Tj ET Q q 0 0 0 rg BT 178.51 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.86 109.60 Td (Company) Tj ET Q q 0 0 0 rg BT 246.18 109.60 Td (s ) Tj ET Q q 0 0 0 rg BT 254.73 109.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 319.56 109.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.97 109.60 Td (statements.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 72.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 72.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 92.29 72.40 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 72.40 Td (FIXED ) Tj ET Q q 0 0 0 rg BT 134.05 72.40 Td (ASSETS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 47.20 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 99.01 47.20 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 157.09 47.20 Td (Fuel ) Tj ET Q q 0 0 0 rg BT 182.76 47.20 Td (Facilities ) Tj ET Q endstream endobj 273 0 obj <> endobj 274 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (135) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 699.90 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 96.59 699.90 Td (emissions ) Tj ET Q q 0 0 0 rg BT 148.55 699.90 Td (fuel ) Tj ET Q q 0 0 0 rg BT 169.34 699.90 Td (production ) Tj ET Q q 0 0 0 rg BT 223.77 699.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 265.95 699.90 Td (and ) Tj ET Q q 0 0 0 rg BT 287.36 699.90 Td (their ) Tj ET Q q 0 0 0 rg BT 311.82 699.90 Td (related ) Tj ET Q q 0 0 0 rg BT 348.51 699.90 Td (components ) Tj ET Q q 0 0 0 rg BT 411.49 699.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 461.02 699.90 Td (the ) Tj ET Q q 0 0 0 rg BT 479.37 699.90 Td (28 ) Tj ET Q q 0 0 0 rg BT 494.66 699.90 Td (REF ) Tj ET Q q 0 0 0 rg BT 519.72 699.90 Td (Facilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 686.70 Td (that ) Tj ET Q q 0 0 0 rg BT 69.51 686.70 Td (were ) Tj ET Q q 0 0 0 rg BT 95.02 686.70 Td (placed ) Tj ET Q q 0 0 0 rg BT 129.10 686.70 Td (in ) Tj ET Q q 0 0 0 rg BT 139.32 686.70 Td (service ) Tj ET Q q 0 0 0 rg BT 175.83 686.70 Td (by ) Tj ET Q q 0 0 0 rg BT 189.11 686.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.07 686.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.81 686.70 Td (in ) Tj ET Q q 0 0 0 rg BT 265.03 686.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 291.17 686.70 Td (and ) Tj ET Q q 0 0 0 rg BT 311.19 686.70 Td (201) Tj ET Q q 0 0 0 rg BT 328.72 686.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 339.56 686.70 Td (and ) Tj ET Q q 0 0 0 rg BT 359.58 686.70 Td (have ) Tj ET Q q 0 0 0 rg BT 385.09 686.70 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 454.02 686.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.98 686.70 Td (qualified ) Tj ET Q q 0 0 0 rg BT 513.62 686.70 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.50 Td (reductions ) Tj ET Q q 0 0 0 rg BT 103.12 673.50 Td (to ) Tj ET Q q 0 0 0 rg BT 115.16 673.50 Td (qualify ) Tj ET Q q 0 0 0 rg BT 149.83 673.50 Td (for ) Tj ET Q q 0 0 0 rg BT 165.54 673.50 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 198.96 673.50 Td ( ) Tj ET Q q 0 0 0 rg BT 201.83 673.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 226.70 673.50 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 272.36 673.50 Td (are ) Tj ET Q q 0 0 0 rg BT 291.13 673.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 323.96 673.50 Td (at ) Tj ET Q q 0 0 0 rg BT 336.00 673.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 382.28 673.50 Td (cost. ) Tj ET Q q 0 0 0 rg BT 408.38 673.50 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 473.00 673.50 Td (is ) Tj ET Q q 0 0 0 rg BT 483.82 673.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 536.22 673.50 Td (using ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.30 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 660.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 127.76 660.30 Td (method ) Tj ET Q q 0 0 0 rg BT 167.51 660.30 Td (over ) Tj ET Q q 0 0 0 rg BT 191.96 660.30 Td (a ) Tj ET Q q 0 0 0 rg BT 201.14 660.30 Td (20-year ) Tj ET Q q 0 0 0 rg BT 241.49 660.30 Td (period. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.23 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.29 635.10 Td (site ) Tj ET Q q 0 0 0 rg BT 120.17 635.10 Td (license ) Tj ET Q q 0 0 0 rg BT 157.18 635.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 218.04 635.10 Td (between ) Tj ET Q q 0 0 0 rg BT 262.22 635.10 Td (T) Tj ET Q q 0 0 0 rg BT 268.53 635.10 Td (inuum ) Tj ET Q q 0 0 0 rg BT 301.25 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.38 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.44 635.10 Td (Generators, ) Tj ET Q q 0 0 0 rg BT 401.11 635.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.42 635.10 Td (inuum ) Tj ET Q q 0 0 0 rg BT 440.15 635.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.69 635.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.70 635.10 Td (required ) Tj ET Q q 0 0 0 rg BT 521.82 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.77 635.10 Td (return ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 621.90 Td (the ) Tj ET Q q 0 0 0 rg BT 67.72 621.90 Td (site ) Tj ET Q q 0 0 0 rg BT 87.77 621.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 115.17 621.90 Td (which ) Tj ET Q q 0 0 0 rg BT 146.22 621.90 Td (the ) Tj ET Q q 0 0 0 rg BT 164.44 621.90 Td (REF ) Tj ET Q q 0 0 0 rg BT 189.37 621.90 Td (Facility ) Tj ET Q q 0 0 0 rg BT 226.52 621.90 Td (is ) Tj ET Q q 0 0 0 rg BT 237.40 621.90 Td (located ) Tj ET Q q 0 0 0 rg BT 275.80 621.90 Td (at ) Tj ET Q q 0 0 0 rg BT 287.90 621.90 Td (a ) Tj ET Q q 0 0 0 rg BT 296.95 621.90 Td (generation ) Tj ET Q q 0 0 0 rg BT 351.86 621.90 Td (station ) Tj ET Q q 0 0 0 rg BT 387.20 621.90 Td (\(Site\) ) Tj ET Q q 0 0 0 rg BT 423.74 621.90 Td (to ) Tj ET Q q 0 0 0 rg BT 435.84 621.90 Td (its ) Tj ET Q q 0 0 0 rg BT 449.77 621.90 Td (original ) Tj ET Q q 0 0 0 rg BT 488.16 621.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 535.13 621.90 Td (at ) Tj ET Q q 0 0 0 rg BT 547.23 621.90 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 608.70 Td (end ) Tj ET Q q 0 0 0 rg BT 70.01 608.70 Td (of ) Tj ET Q q 0 0 0 rg BT 81.34 608.70 Td (the ) Tj ET Q q 0 0 0 rg BT 98.79 608.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 150.49 608.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 191.77 608.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 227.56 608.70 Td ( ) Tj ET Q q 0 0 0 rg BT 229.72 608.70 Td (In ) Tj ET Q q 0 0 0 rg BT 241.05 608.70 Td (instances ) Tj ET Q q 0 0 0 rg BT 289.68 608.70 Td (where ) Tj ET Q q 0 0 0 rg BT 321.80 608.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.25 608.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 390.94 608.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 451.19 608.70 Td (place ) Tj ET Q q 0 0 0 rg BT 479.65 608.70 Td (this ) Tj ET Q q 0 0 0 rg BT 498.92 608.70 Td (responsibility ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 595.50 Td (on ) Tj ET Q q 0 0 0 rg BT 64.90 595.50 Td (the ) Tj ET Q q 0 0 0 rg BT 83.35 595.50 Td (Company) Tj ET Q q 0 0 0 rg BT 129.62 595.50 Td (, ) Tj ET Q q 0 0 0 rg BT 135.83 595.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.29 595.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.53 595.50 Td (has ) Tj ET Q q 0 0 0 rg BT 225.43 595.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 272.01 595.50 Td (a ) Tj ET Q q 0 0 0 rg BT 281.29 595.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 317.46 595.50 Td (for ) Tj ET Q q 0 0 0 rg BT 333.46 595.50 Td (an ) Tj ET Q q 0 0 0 rg BT 348.23 595.50 Td (ARO ) Tj ET Q q 0 0 0 rg BT 375.24 595.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 405.31 595.50 Td (to ) Tj ET Q q 0 0 0 rg BT 417.65 595.50 Td (the ) Tj ET Q q 0 0 0 rg BT 436.11 595.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 454.55 595.50 Td (value ) Tj ET Q q 0 0 0 rg BT 484.01 595.50 Td (of ) Tj ET Q q 0 0 0 rg BT 496.35 595.50 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 595.50 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 582.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.57 582.30 Td (to ) Tj ET Q q 0 0 0 rg BT 84.64 582.30 Td (retire ) Tj ET Q q 0 0 0 rg BT 112.60 582.30 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 582.30 Td (REF ) Tj ET Q q 0 0 0 rg BT 155.69 582.30 Td (Facility ) Tj ET Q q 0 0 0 rg BT 192.81 582.30 Td (and ) Tj ET Q q 0 0 0 rg BT 214.06 582.30 Td (return ) Tj ET Q q 0 0 0 rg BT 245.70 582.30 Td (each ) Tj ET Q q 0 0 0 rg BT 272.45 582.30 Td (Site ) Tj ET Q q 0 0 0 rg BT 294.30 582.30 Td (to ) Tj ET Q q 0 0 0 rg BT 306.37 582.30 Td (its ) Tj ET Q q 0 0 0 rg BT 320.27 582.30 Td (original ) Tj ET Q q 0 0 0 rg BT 358.63 582.30 Td (condition. ) Tj ET Q q 0 0 0 rg BT 408.43 582.30 Td (The ) Tj ET Q q 0 0 0 rg BT 429.71 582.30 Td (ARO ) Tj ET Q q 0 0 0 rg BT 456.44 582.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 492.35 582.30 Td (was ) Tj ET Q q 0 0 0 rg BT 514.81 582.30 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (by ) Tj ET Q q 0 0 0 rg BT 64.79 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.75 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.50 569.10 Td (using ) Tj ET Q q 0 0 0 rg BT 164.46 569.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 215.82 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.84 569.10 Td (historic ) Tj ET Q q 0 0 0 rg BT 276.35 569.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 310.59 569.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 353.38 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 382.72 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.74 569.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 461.62 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 493.42 569.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 535.00 569.10 Td (rates. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 555.90 Td (This ) Tj ET Q q 0 0 0 rg BT 73.48 555.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 124.38 555.90 Td (future ) Tj ET Q q 0 0 0 rg BT 155.71 555.90 Td (value ) Tj ET Q q 0 0 0 rg BT 185.21 555.90 Td (was ) Tj ET Q q 0 0 0 rg BT 207.98 555.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 264.39 555.90 Td (to ) Tj ET Q q 0 0 0 rg BT 276.77 555.90 Td (its ) Tj ET Q q 0 0 0 rg BT 290.97 555.90 Td (present ) Tj ET Q q 0 0 0 rg BT 330.86 555.90 Td (value ) Tj ET Q q 0 0 0 rg BT 360.37 555.90 Td (using ) Tj ET Q q 0 0 0 rg BT 389.87 555.90 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 555.90 Td (Company) Tj ET Q q 0 0 0 rg BT 457.68 555.90 Td (s ) Tj ET Q q 0 0 0 rg BT 466.39 555.90 Td (credit-adjusted ) Tj ET Q q 0 0 0 rg BT 541.74 555.90 Td (risk-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 542.70 Td (free ) Tj ET Q q 0 0 0 rg BT 70.69 542.70 Td (rate. ) Tj ET Q q 0 0 0 rg BT 94.80 542.70 Td (The ) Tj ET Q q 0 0 0 rg BT 115.99 542.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 157.35 542.70 Td (value ) Tj ET Q q 0 0 0 rg BT 185.89 542.70 Td (of ) Tj ET Q q 0 0 0 rg BT 197.30 542.70 Td (the ) Tj ET Q q 0 0 0 rg BT 214.83 542.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.36 542.70 Td (is ) Tj ET Q q 0 0 0 rg BT 253.54 542.70 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 313.26 542.70 Td (on ) Tj ET Q q 0 0 0 rg BT 327.74 542.70 Td (a ) Tj ET Q q 0 0 0 rg BT 336.09 542.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 395.19 542.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.11 542.70 Td (over ) Tj ET Q q 0 0 0 rg BT 446.75 542.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.27 542.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 514.82 542.70 Td (estimated ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 529.50 Td (life ) Tj ET Q q 0 0 0 rg BT 67.47 529.50 Td (of ) Tj ET Q q 0 0 0 rg BT 80.55 529.50 Td (the ) Tj ET Q q 0 0 0 rg BT 99.74 529.50 Td (REF ) Tj ET Q q 0 0 0 rg BT 125.65 529.50 Td (Facility ) Tj ET Q q 0 0 0 rg BT 163.78 529.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 193.97 529.50 Td (group. ) Tj ET Q q 0 0 0 rg BT 229.07 529.50 Td ( ) Tj ET Q q 0 0 0 rg BT 232.72 529.50 Td (The ) Tj ET Q q 0 0 0 rg BT 254.81 529.50 Td (ARO ) Tj ET Q q 0 0 0 rg BT 282.55 529.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 319.46 529.50 Td (is ) Tj ET Q q 0 0 0 rg BT 331.31 529.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 382.91 529.50 Td (over ) Tj ET Q q 0 0 0 rg BT 408.22 529.50 Td (time ) Tj ET Q q 0 0 0 rg BT 432.90 529.50 Td (to ) Tj ET Q q 0 0 0 rg BT 445.98 529.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 479.84 529.50 Td (the ) Tj ET Q q 0 0 0 rg BT 499.04 529.50 Td (change ) Tj ET Q q 0 0 0 rg BT 539.03 529.50 Td (in ) Tj ET Q q 0 0 0 rg BT 551.50 529.50 Td (its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 516.30 Td (present ) Tj ET Q q 0 0 0 rg BT 89.17 516.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 121.51 516.30 Td (and ) Tj ET Q q 0 0 0 rg BT 142.84 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 161.12 516.30 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 216.08 516.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 239.23 516.30 Td (is ) Tj ET Q q 0 0 0 rg BT 250.16 516.30 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 310.63 516.30 Td (over ) Tj ET Q q 0 0 0 rg BT 335.01 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 353.29 516.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 385.62 516.30 Td (life ) Tj ET Q q 0 0 0 rg BT 402.67 516.30 Td (of ) Tj ET Q q 0 0 0 rg BT 414.82 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.10 516.30 Td (site ) Tj ET Q q 0 0 0 rg BT 453.20 516.30 Td (license. ) Tj ET Q q 0 0 0 rg BT 493.48 516.30 Td (In ) Tj ET Q q 0 0 0 rg BT 505.64 516.30 Td (subsequent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 92.35 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.35 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.15 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.80 503.10 Td (required ) Tj ET Q q 0 0 0 rg BT 217.88 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.77 503.10 Td (make ) Tj ET Q q 0 0 0 rg BT 261.38 503.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.40 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.55 503.10 Td (AROs ) Tj ET Q q 0 0 0 rg BT 369.60 503.10 Td (based ) Tj ET Q q 0 0 0 rg BT 403.29 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.24 503.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 464.54 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.81 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.82 503.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 547.23 503.10 Td (fair ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 489.90 Td (values ) Tj ET Q q 0 0 0 rg BT 83.65 489.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.18 489.90 Td (the ) Tj ET Q q 0 0 0 rg BT 112.83 489.90 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 170.84 489.90 Td (Corresponding ) Tj ET Q q 0 0 0 rg BT 245.35 489.90 Td (increases ) Tj ET Q q 0 0 0 rg BT 294.78 489.90 Td (in ) Tj ET Q q 0 0 0 rg BT 305.70 489.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 334.35 489.90 Td (book ) Tj ET Q q 0 0 0 rg BT 360.56 489.90 Td (values ) Tj ET Q q 0 0 0 rg BT 394.71 489.90 Td (are ) Tj ET Q q 0 0 0 rg BT 412.97 489.90 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 472.81 489.90 Td (over ) Tj ET Q q 0 0 0 rg BT 496.57 489.90 Td (the ) Tj ET Q q 0 0 0 rg BT 514.21 489.90 Td (remaining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 476.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 82.86 476.70 Td (life ) Tj ET Q q 0 0 0 rg BT 100.93 476.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.10 476.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.40 476.70 Td (related ) Tj ET Q q 0 0 0 rg BT 171.04 476.70 Td (site ) Tj ET Q q 0 0 0 rg BT 192.16 476.70 Td (license. ) Tj ET Q q 0 0 0 rg BT 233.47 476.70 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 301.67 476.70 Td (as ) Tj ET Q q 0 0 0 rg BT 317.29 476.70 Td (to ) Tj ET Q q 0 0 0 rg BT 330.47 476.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.77 476.70 Td (probability) Tj ET Q q 0 0 0 rg BT 399.09 476.70 Td (, ) Tj ET Q q 0 0 0 rg BT 406.15 476.70 Td (timing, ) Tj ET Q q 0 0 0 rg BT 442.55 476.70 Td (or ) Tj ET Q q 0 0 0 rg BT 456.34 476.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 497.04 476.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.21 476.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.46 476.70 Td (flows ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 463.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 104.51 463.50 Td (with ) Tj ET Q q 0 0 0 rg BT 126.02 463.50 Td (AROs ) Tj ET Q q 0 0 0 rg BT 157.78 463.50 Td (may ) Tj ET Q q 0 0 0 rg BT 180.99 463.50 Td (af) Tj ET Q q 0 0 0 rg BT 189.96 463.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 210.12 463.50 Td (management) Tj ET Q q 0 0 0 rg BT 276.57 463.50 Td (s ) Tj ET Q q 0 0 0 rg BT 284.49 463.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 333.99 463.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.59 463.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 363.29 463.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 395.07 463.50 Td (For ) Tj ET Q q 0 0 0 rg BT 414.00 463.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.71 463.50 Td (years ) Tj ET Q q 0 0 0 rg BT 461.03 463.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 494.05 463.50 Td (December ) Tj ET Q q 0 0 0 rg BT 547.21 463.50 Td (31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 450.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 80.08 450.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 110.67 450.30 Td (and ) Tj ET Q q 0 0 0 rg BT 132.08 450.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 162.66 450.30 Td (the ) Tj ET Q q 0 0 0 rg BT 181.01 450.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.14 450.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 277.61 450.30 Td ($122, ) Tj ET Q q 0 0 0 rg BT 308.19 450.30 Td ($94, ) Tj ET Q q 0 0 0 rg BT 332.66 450.30 Td (and ) Tj ET Q q 0 0 0 rg BT 354.07 450.30 Td ($151 ) Tj ET Q q 0 0 0 rg BT 381.59 450.30 Td (of ) Tj ET Q q 0 0 0 rg BT 393.82 450.30 Td (accretion ) Tj ET Q q 0 0 0 rg BT 441.51 450.30 Td (expense, ) Tj ET Q q 0 0 0 rg BT 489.22 450.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 546.48 450.30 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.90 425.10 Td (following ) Tj ET Q q 0 0 0 rg BT 118.14 425.10 Td (table ) Tj ET Q q 0 0 0 rg BT 145.44 425.10 Td (describes ) Tj ET Q q 0 0 0 rg BT 195.96 425.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 240.99 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.61 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.34 425.10 Td (Company) Tj ET Q q 0 0 0 rg BT 321.66 425.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.92 425.10 Td (ARO ) Tj ET Q q 0 0 0 rg BT 357.20 425.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 393.66 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.94 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.67 425.10 Td (years ) Tj ET Q q 0 0 0 rg BT 459.01 425.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 493.04 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 547.23 425.10 Td (31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 411.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 77.03 411.90 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 411.90 Td (2015: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 386.4 m 471.5 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 386.4 m 560.5 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 386.4 m 471.5 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 386.4 m 560.5 386.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 326.4 m 471.5 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 326.4 m 560.5 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 326.4 m 471.5 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 312.4 m 471.5 312.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 310.4 m 471.5 310.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 326.4 m 560.5 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 312.4 m 560.5 312.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 310.4 m 560.5 310.4 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 416.25 390.89 Td (2016) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 505.25 390.89 Td (2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 375.89 Td (Beginning balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 389.00 375.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 439.75 375.94 Td (1,079) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 478.00 375.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 537.90 375.89 Td (812) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 360.89 Td (Liabilities incurred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.60 360.89 Td (381) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 538.60 360.89 Td (299) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 345.89 Td (Accretion) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 449.60 345.89 Td (122) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 544.75 345.89 Td (94) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 330.89 Td (Settlement of obligations) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 442.30 330.89 Td (\(108\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 531.30 330.89 Td (\(126\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 315.89 Td (Ending balance) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 389.00 315.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 439.75 315.94 Td (1,474) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 478.00 315.89 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.75 315.94 Td (1,079) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 272.30 Td (Site ) Tj ET Q q 0 0 0 rg BT 72.73 272.30 Td (Infrastructure ) Tj ET Q q 0 0 0 rg BT 147.30 272.30 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 272.30 Td (Improvements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 70.60 247.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 136.93 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.43 247.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 228.65 247.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 270.53 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.85 247.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 302.95 247.10 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 377.23 247.10 Td (modular ) Tj ET Q q 0 0 0 rg BT 419.11 247.10 Td (structures ) Tj ET Q q 0 0 0 rg BT 469.55 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.05 247.10 Td (other ) Tj ET Q q 0 0 0 rg BT 517.26 247.10 Td (structural ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 233.90 Td (Site ) Tj ET Q q 0 0 0 rg BT 71.00 233.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 110.23 233.90 Td (components ) Tj ET Q q 0 0 0 rg BT 172.70 233.90 Td (installed ) Tj ET Q q 0 0 0 rg BT 215.61 233.90 Td (at ) Tj ET Q q 0 0 0 rg BT 227.33 233.90 Td (various ) Tj ET Q q 0 0 0 rg BT 265.34 233.90 Td (REF ) Tj ET Q q 0 0 0 rg BT 289.88 233.90 Td (Facility ) Tj ET Q q 0 0 0 rg BT 326.65 233.90 Td (locations. ) Tj ET Q q 0 0 0 rg BT 375.51 233.90 Td (These ) Tj ET Q q 0 0 0 rg BT 408.63 233.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.97 233.90 Td (are ) Tj ET Q q 0 0 0 rg BT 461.41 233.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 507.37 233.90 Td (at ) Tj ET Q q 0 0 0 rg BT 519.09 233.90 Td (historical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 220.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 72.73 220.70 Td (and ) Tj ET Q q 0 0 0 rg BT 94.14 220.70 Td (are ) Tj ET Q q 0 0 0 rg BT 113.09 220.70 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 173.64 220.70 Td (using ) Tj ET Q q 0 0 0 rg BT 202.99 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.34 220.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 281.25 220.70 Td (method ) Tj ET Q q 0 0 0 rg BT 321.00 220.70 Td (over ) Tj ET Q q 0 0 0 rg BT 345.45 220.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 396.20 220.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 428.61 220.70 Td (lives ) Tj ET Q q 0 0 0 rg BT 453.67 220.70 Td (of ) Tj ET Q q 0 0 0 rg BT 465.90 220.70 Td (9 ) Tj ET Q q 0 0 0 rg BT 475.07 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 487.30 220.70 Td (20 ) Tj ET Q q 0 0 0 rg BT 502.59 220.70 Td (years.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 195.50 Td (Furniture, ) Tj ET Q q 0 0 0 rg BT 103.89 195.50 Td (Fixtures ) Tj ET Q q 0 0 0 rg BT 149.74 195.50 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 195.50 Td (Equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 170.30 Td (Furniture, ) Tj ET Q q 0 0 0 rg BT 98.52 170.30 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 138.98 170.30 Td (and ) Tj ET Q q 0 0 0 rg BT 159.29 170.30 Td (equipment ) Tj ET Q q 0 0 0 rg BT 212.61 170.30 Td (is ) Tj ET Q q 0 0 0 rg BT 222.50 170.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 275.19 170.30 Td (of ) Tj ET Q q 0 0 0 rg BT 286.31 170.30 Td (of) Tj ET Q q 0 0 0 rg BT 295.29 170.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 314.36 170.30 Td (furniture ) Tj ET Q q 0 0 0 rg BT 356.66 170.30 Td (and ) Tj ET Q q 0 0 0 rg BT 376.96 170.30 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 414.37 170.30 Td (and ) Tj ET Q q 0 0 0 rg BT 434.67 170.30 Td (of) Tj ET Q q 0 0 0 rg BT 443.65 170.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 462.72 170.30 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 519.09 170.30 Td (including ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (those ) Tj ET Q q 0 0 0 rg BT 78.74 157.10 Td (under ) Tj ET Q q 0 0 0 rg BT 109.21 157.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 143.33 157.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 174.87 157.10 Td (These ) Tj ET Q q 0 0 0 rg BT 207.77 157.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.89 157.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.12 157.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 305.87 157.10 Td (at ) Tj ET Q q 0 0 0 rg BT 317.37 157.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 339.88 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.56 157.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 420.38 157.10 Td (using ) Tj ET Q q 0 0 0 rg BT 449.01 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.63 157.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 525.82 157.10 Td (method ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 143.90 Td (with ) Tj ET Q q 0 0 0 rg BT 72.12 143.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 122.86 143.90 Td (useful ) Tj ET Q q 0 0 0 rg BT 155.27 143.90 Td (lives ) Tj ET Q q 0 0 0 rg BT 180.33 143.90 Td (ranging ) Tj ET Q q 0 0 0 rg BT 220.09 143.90 Td (from ) Tj ET Q q 0 0 0 rg BT 245.14 143.90 Td (3 ) Tj ET Q q 0 0 0 rg BT 254.32 143.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.55 143.90 Td (20 ) Tj ET Q q 0 0 0 rg BT 281.84 143.90 Td (years.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 118.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.78 118.70 Td (following ) Tj ET Q q 0 0 0 rg BT 117.91 118.70 Td (table ) Tj ET Q q 0 0 0 rg BT 145.08 118.70 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 207.69 118.70 Td (the ) Tj ET Q q 0 0 0 rg BT 226.31 118.70 Td (components ) Tj ET Q q 0 0 0 rg BT 289.56 118.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.06 118.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 332.28 118.70 Td (and ) Tj ET Q q 0 0 0 rg BT 353.96 118.70 Td (net ) Tj ET Q q 0 0 0 rg BT 372.58 118.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 415.02 118.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 460.54 118.70 Td (for ) Tj ET Q q 0 0 0 rg BT 476.70 118.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 503.26 118.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 538.38 118.70 Td (as ) Tj ET Q q 0 0 0 rg BT 553.32 118.70 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 105.50 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 105.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 105.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.17 105.50 Td (and ) Tj ET Q q 0 0 0 rg BT 170.58 105.50 Td (2015:) Tj ET Q endstream endobj 275 0 obj <> endobj 276 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (136) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 704.5 m 470.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 704.5 m 560.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 704.5 m 470.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 704.5 m 560.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 644.5 m 560.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 644.5 m 470.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 644.5 m 560.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 614.5 m 560.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 614.5 m 470.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 600.5 m 470.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 598.5 m 470.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 614.5 m 560.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 600.5 m 560.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 598.5 m 560.5 598.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 408.75 708.99 Td (2016) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 504.75 708.99 Td (2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 693.99 Td (REF Facilities and related equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 375.00 693.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.65 693.99 Td (84,083) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 477.00 693.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.65 693.99 Td (88,507) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 678.99 Td (Site infrastructure and improvements) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 439.45 678.99 Td (2,948) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.45 678.99 Td (3,433) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 663.99 Td (Furniture, fixtures and equipment) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 439.45 663.99 Td (1,019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 538.60 663.99 Td (986) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 648.99 Td (Other) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 448.60 648.99 Td (477) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 538.60 648.99 Td (527) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 433.35 633.99 Td (88,527) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 523.35 633.99 Td (93,453) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 618.99 Td (Accumulated depreciation) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 426.00 618.99 Td (\(20,058\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 516.00 618.99 Td (\(16,665\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 603.99 Td (Fixed assets, net) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 375.00 603.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.65 603.99 Td (68,469) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 477.00 603.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.65 603.99 Td (76,788) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 548.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 548.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 92.29 548.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 548.40 Td (INVENT) Tj ET Q q 0 0 0 rg BT 141.60 548.40 Td (OR) Tj ET Q q 0 0 0 rg BT 157.69 548.40 Td (Y) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 523.20 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 96.54 523.20 Td (is ) Tj ET Q q 0 0 0 rg BT 106.28 523.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 158.82 523.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.17 523.20 Td (of ) Tj ET Q q 0 0 0 rg BT 213.14 523.20 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 262.02 523.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 283.99 523.20 Td (and ) Tj ET Q q 0 0 0 rg BT 304.14 523.20 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 354.84 523.20 Td (used ) Tj ET Q q 0 0 0 rg BT 380.49 523.20 Td (in ) Tj ET Q q 0 0 0 rg BT 390.84 523.20 Td (the ) Tj ET Q q 0 0 0 rg BT 407.93 523.20 Td (production ) Tj ET Q q 0 0 0 rg BT 461.10 523.20 Td (of ) Tj ET Q q 0 0 0 rg BT 472.06 523.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.61 523.20 Td (emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 510.00 Td (fuel ) Tj ET Q q 0 0 0 rg BT 68.83 510.00 Td (at ) Tj ET Q q 0 0 0 rg BT 79.61 510.00 Td (REF ) Tj ET Q q 0 0 0 rg BT 103.21 510.00 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 147.59 510.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 181.61 510.00 Td (and ) Tj ET Q q 0 0 0 rg BT 201.56 510.00 Td (operated ) Tj ET Q q 0 0 0 rg BT 246.59 510.00 Td (by ) Tj ET Q q 0 0 0 rg BT 259.80 510.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.69 510.00 Td (Company) Tj ET Q q 0 0 0 rg BT 322.96 510.00 Td (. ) Tj ET Q q 0 0 0 rg BT 327.61 510.00 Td (Inventory ) Tj ET Q q 0 0 0 rg BT 374.46 510.00 Td (is ) Tj ET Q q 0 0 0 rg BT 384.00 510.00 Td (valued ) Tj ET Q q 0 0 0 rg BT 418.01 510.00 Td (at ) Tj ET Q q 0 0 0 rg BT 428.79 510.00 Td (average ) Tj ET Q q 0 0 0 rg BT 470.14 510.00 Td (cost. ) Tj ET Q q 0 0 0 rg BT 494.86 510.00 Td (The ) Tj ET Q q 0 0 0 rg BT 515.42 510.00 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 496.80 Td (assesses ) Tj ET Q q 0 0 0 rg BT 98.38 496.80 Td (the ) Tj ET Q q 0 0 0 rg BT 116.70 496.80 Td (inventory ) Tj ET Q q 0 0 0 rg BT 164.37 496.80 Td (valuation ) Tj ET Q q 0 0 0 rg BT 211.43 496.80 Td (on ) Tj ET Q q 0 0 0 rg BT 226.69 496.80 Td (a ) Tj ET Q q 0 0 0 rg BT 235.84 496.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 277.38 496.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 306.09 496.80 Td (and ) Tj ET Q q 0 0 0 rg BT 327.48 496.80 Td (reduces ) Tj ET Q q 0 0 0 rg BT 369.64 496.80 Td (the ) Tj ET Q q 0 0 0 rg BT 387.96 496.80 Td (value ) Tj ET Q q 0 0 0 rg BT 417.29 496.80 Td (for ) Tj ET Q q 0 0 0 rg BT 433.15 496.80 Td (any ) Tj ET Q q 0 0 0 rg BT 453.92 496.80 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 498.53 496.80 Td (inventory) Tj ET Q q 0 0 0 rg BT 542.35 496.80 Td (. ) Tj ET Q q 0 0 0 rg BT 548.44 496.80 Td (No ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 483.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 96.59 483.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 148.56 483.60 Td (was ) Tj ET Q q 0 0 0 rg BT 171.18 483.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 228.05 483.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 281.24 483.60 Td (as ) Tj ET Q q 0 0 0 rg BT 295.92 483.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.15 483.60 Td (December ) Tj ET Q q 0 0 0 rg BT 361.94 483.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.29 483.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 407.82 483.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.23 483.60 Td (2015.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 444.9 m 462.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 444.9 m 560.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 444.9 m 462.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 444.9 m 560.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 414.9 m 462.5 414.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 400.9 m 462.5 400.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 398.9 m 462.5 398.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 414.9 m 560.5 414.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 400.9 m 560.5 400.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 398.9 m 560.5 398.9 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 404.75 449.39 Td (2016) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 500.75 449.39 Td (2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 434.39 Td (Feedstock coal) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 375.00 434.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.75 434.44 Td (9,723) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 469.00 434.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 528.75 434.44 Td (9,814) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 419.39 Td (Chemicals) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 440.60 419.39 Td (134) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 538.60 419.39 Td (353) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 404.39 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 375.00 404.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.75 404.44 Td (9,857) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 469.00 404.39 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 522.65 404.39 Td (10,167) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 348.80 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 348.80 Td (4 ) Tj ET Q q 0 0 0 rg BT 92.29 348.80 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 348.80 Td (LEASING ) Tj ET Q q 0 0 0 rg BT 153.00 348.80 Td (ACTIVITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 322.40 Td (The ) Tj ET Q q 0 0 0 rg BT 71.86 322.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.34 322.40 Td (has ) Tj ET Q q 0 0 0 rg BT 143.47 322.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 184.18 322.40 Td (into ) Tj ET Q q 0 0 0 rg BT 205.32 322.40 Td (several ) Tj ET Q q 0 0 0 rg BT 244.18 322.40 Td (types ) Tj ET Q q 0 0 0 rg BT 273.88 322.40 Td (of ) Tj ET Q q 0 0 0 rg BT 286.45 322.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 343.66 322.40 Td (structures ) Tj ET Q q 0 0 0 rg BT 395.36 322.40 Td (with ) Tj ET Q q 0 0 0 rg BT 418.32 322.40 Td (third ) Tj ET Q q 0 0 0 rg BT 443.12 322.40 Td (party ) Tj ET Q q 0 0 0 rg BT 470.98 322.40 Td (investors. ) Tj ET Q q 0 0 0 rg BT 521.45 322.40 Td ( ) Tj ET Q q 0 0 0 rg BT 524.86 322.40 Td (Each ) Tj ET Q q 0 0 0 rg BT 553.33 322.40 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 309.20 Td (the ) Tj ET Q q 0 0 0 rg BT 66.38 309.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 126.06 309.20 Td (contains ) Tj ET Q q 0 0 0 rg BT 168.62 309.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 197.71 309.20 Td (such ) Tj ET Q q 0 0 0 rg BT 222.53 309.20 Td (that ) Tj ET Q q 0 0 0 rg BT 242.47 309.20 Td (the ) Tj ET Q q 0 0 0 rg BT 259.35 309.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 308.63 309.20 Td (received ) Tj ET Q q 0 0 0 rg BT 351.80 309.20 Td (are ) Tj ET Q q 0 0 0 rg BT 369.28 309.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 424.69 309.20 Td (by ) Tj ET Q q 0 0 0 rg BT 437.89 309.20 Td (the ) Tj ET Q q 0 0 0 rg BT 454.77 309.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.44 309.20 Td (as ) Tj ET Q q 0 0 0 rg BT 516.65 309.20 Td (operating ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 296.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 80.27 296.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.99 296.00 Td (as ) Tj ET Q q 0 0 0 rg BT 146.07 296.00 Td (they ) Tj ET Q q 0 0 0 rg BT 171.33 296.00 Td (are ) Tj ET Q q 0 0 0 rg BT 191.70 296.00 Td (earned. ) Tj ET Q q 0 0 0 rg BT 233.48 296.00 Td ( ) Tj ET Q q 0 0 0 rg BT 237.95 296.00 Td (Payments ) Tj ET Q q 0 0 0 rg BT 291.33 296.00 Td (under ) Tj ET Q q 0 0 0 rg BT 323.93 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.69 296.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 406.25 296.00 Td (may ) Tj ET Q q 0 0 0 rg BT 431.50 296.00 Td (be ) Tj ET Q q 0 0 0 rg BT 448.20 296.00 Td (described ) Tj ET Q q 0 0 0 rg BT 500.37 296.00 Td (as ) Tj ET Q q 0 0 0 rg BT 516.45 296.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 544.16 296.00 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 282.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 104.54 282.80 Td (rents, ) Tj ET Q q 0 0 0 rg BT 136.33 282.80 Td (member ) Tj ET Q q 0 0 0 rg BT 180.95 282.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.30 282.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 270.83 282.80 Td (payments, ) Tj ET Q q 0 0 0 rg BT 325.85 282.80 Td (or ) Tj ET Q q 0 0 0 rg BT 339.91 282.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 370.48 282.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 420.01 282.80 Td (payments, ) Tj ET Q q 0 0 0 rg BT 475.04 282.80 Td (depending ) Tj ET Q q 0 0 0 rg BT 530.70 282.80 Td (on ) Tj ET Q q 0 0 0 rg BT 547.22 282.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 269.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 97.80 269.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 154.66 269.60 Td (structure.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 244.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.00 244.40 Td (en ) Tj ET Q q 0 0 0 rg BT 70.87 244.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.68 244.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.61 244.40 Td (REF ) Tj ET Q q 0 0 0 rg BT 128.25 244.40 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 174.67 244.40 Td (leased ) Tj ET Q q 0 0 0 rg BT 210.72 244.40 Td (to ) Tj ET Q q 0 0 0 rg BT 223.53 244.40 Td (third ) Tj ET Q q 0 0 0 rg BT 248.57 244.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 285.22 244.40 Td (are ) Tj ET Q q 0 0 0 rg BT 304.76 244.40 Td (under ) Tj ET Q q 0 0 0 rg BT 336.53 244.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 366.46 244.40 Td (with ) Tj ET Q q 0 0 0 rg BT 389.66 244.40 Td (a ) Tj ET Q q 0 0 0 rg BT 399.41 244.40 Td (related ) Tj ET Q q 0 0 0 rg BT 436.68 244.40 Td (party ) Tj ET Q q 0 0 0 rg BT 464.77 244.40 Td (as ) Tj ET Q q 0 0 0 rg BT 480.03 244.40 Td (of ) Tj ET Q q 0 0 0 rg BT 492.84 244.40 Td (December ) Tj ET Q q 0 0 0 rg BT 547.22 244.40 Td (31, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 231.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 76.60 231.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.59 231.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 127.75 231.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 185.01 231.20 Td (. ) Tj ET Q q 0 0 0 rg BT 190.70 231.20 Td ( ) Tj ET Q q 0 0 0 rg BT 193.17 231.20 Td (These ) Tj ET Q q 0 0 0 rg BT 226.37 231.20 Td (leases ) Tj ET Q q 0 0 0 rg BT 260.80 231.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.08 231.20 Td (have ) Tj ET Q q 0 0 0 rg BT 334.56 231.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 364.70 231.20 Td (that ) Tj ET Q q 0 0 0 rg BT 385.68 231.20 Td (extend ) Tj ET Q q 0 0 0 rg BT 421.34 231.20 Td (to ) Tj ET Q q 0 0 0 rg BT 433.15 231.20 Td (the ) Tj ET Q q 0 0 0 rg BT 451.07 231.20 Td (date ) Tj ET Q q 0 0 0 rg BT 475.11 231.20 Td (ten ) Tj ET Q q 0 0 0 rg BT 493.04 231.20 Td (years ) Tj ET Q q 0 0 0 rg BT 522.57 231.20 Td (after ) Tj ET Q q 0 0 0 rg BT 547.22 231.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 218.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 84.77 218.00 Td (in ) Tj ET Q q 0 0 0 rg BT 96.19 218.00 Td (service ) Tj ET Q q 0 0 0 rg BT 133.88 218.00 Td (date ) Tj ET Q q 0 0 0 rg BT 158.15 218.00 Td (for ) Tj ET Q q 0 0 0 rg BT 173.84 218.00 Td (the ) Tj ET Q q 0 0 0 rg BT 191.98 218.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 240.08 218.00 Td (REF ) Tj ET Q q 0 0 0 rg BT 264.93 218.00 Td (Facility) Tj ET Q q 0 0 0 rg BT 298.34 218.00 Td (, ) Tj ET Q q 0 0 0 rg BT 304.25 218.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.96 218.00 Td (to ) Tj ET Q q 0 0 0 rg BT 353.99 218.00 Td (earlier ) Tj ET Q q 0 0 0 rg BT 387.41 218.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 444.68 218.00 Td (by ) Tj ET Q q 0 0 0 rg BT 459.15 218.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.30 218.00 Td (lessee ) Tj ET Q q 0 0 0 rg BT 511.95 218.00 Td (at ) Tj ET Q q 0 0 0 rg BT 523.98 218.00 Td (periodic ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 204.80 Td (intervals ) Tj ET Q q 0 0 0 rg BT 93.52 204.80 Td (or ) Tj ET Q q 0 0 0 rg BT 106.35 204.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 133.88 204.80 Td (the ) Tj ET Q q 0 0 0 rg BT 152.23 204.80 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 209.70 204.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.93 204.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 268.40 204.80 Td (events. ) Tj ET Q q 0 0 0 rg BT 306.92 204.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 179.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 83.18 179.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 119.91 179.60 Td (REF ) Tj ET Q q 0 0 0 rg BT 145.62 179.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 183.56 179.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 219.08 179.60 Td (an ) Tj ET Q q 0 0 0 rg BT 235.03 179.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 263.81 179.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 303.00 179.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.89 179.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 356.30 179.60 Td (rents ) Tj ET Q q 0 0 0 rg BT 384.47 179.60 Td (may ) Tj ET Q q 0 0 0 rg BT 408.96 179.60 Td (be ) Tj ET Q q 0 0 0 rg BT 424.92 179.60 Td (received. ) Tj ET Q q 0 0 0 rg BT 473.27 179.60 Td ( ) Tj ET Q q 0 0 0 rg BT 476.24 179.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 498.91 179.60 Td (prepayments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 166.40 Td (received ) Tj ET Q q 0 0 0 rg BT 94.13 166.40 Td (are ) Tj ET Q q 0 0 0 rg BT 113.09 166.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 159.55 166.40 Td (as ) Tj ET Q q 0 0 0 rg BT 174.23 166.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 218.25 166.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 261.06 166.40 Td (and ) Tj ET Q q 0 0 0 rg BT 282.47 166.40 Td (are ) Tj ET Q q 0 0 0 rg BT 301.42 166.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 352.77 166.40 Td (into ) Tj ET Q q 0 0 0 rg BT 373.56 166.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 416.37 166.40 Td (under ) Tj ET Q q 0 0 0 rg BT 447.56 166.40 Td (the ) Tj ET Q q 0 0 0 rg BT 465.90 166.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 525.81 166.40 Td (method ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 153.20 Td (over ) Tj ET Q q 0 0 0 rg BT 73.14 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 90.67 153.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 152.83 153.20 Td (period ) Tj ET Q q 0 0 0 rg BT 185.65 153.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 223.98 153.20 Td (in ) Tj ET Q q 0 0 0 rg BT 234.78 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 252.31 153.20 Td (respective ) Tj ET Q q 0 0 0 rg BT 304.69 153.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 333.23 153.20 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 390.67 153.20 Td (As ) Tj ET Q q 0 0 0 rg BT 405.74 153.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.16 153.20 Td (December ) Tj ET Q q 0 0 0 rg BT 470.14 153.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.67 153.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 514.39 153.20 Td (and ) Tj ET Q q 0 0 0 rg BT 534.98 153.20 Td (2015, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 140.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.98 140.00 Td (has ) Tj ET Q q 0 0 0 rg BT 138.77 140.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 185.24 140.00 Td ($33,407 ) Tj ET Q q 0 0 0 rg BT 228.06 140.00 Td (and ) Tj ET Q q 0 0 0 rg BT 249.47 140.00 Td ($29,929, ) Tj ET Q q 0 0 0 rg BT 295.35 140.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 352.61 140.00 Td (, ) Tj ET Q q 0 0 0 rg BT 358.72 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.95 140.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 414.98 140.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 457.78 140.00 Td (related ) Tj ET Q q 0 0 0 rg BT 494.47 140.00 Td (to ) Tj ET Q q 0 0 0 rg BT 506.70 140.00 Td (rents.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 114.80 Td (An ) Tj ET Q q 0 0 0 rg BT 66.52 114.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 92.08 114.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 129.16 114.80 Td (Asset ) Tj ET Q q 0 0 0 rg BT 160.24 114.80 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 209.56 114.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 266.93 114.80 Td (was ) Tj ET Q q 0 0 0 rg BT 290.06 114.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 330.93 114.80 Td (into ) Tj ET Q q 0 0 0 rg BT 352.23 114.80 Td (with ) Tj ET Q q 0 0 0 rg BT 375.35 114.80 Td (a ) Tj ET Q q 0 0 0 rg BT 385.04 114.80 Td (third ) Tj ET Q q 0 0 0 rg BT 410.00 114.80 Td (party ) Tj ET Q q 0 0 0 rg BT 438.02 114.80 Td (\(Purchaser\) ) Tj ET Q q 0 0 0 rg BT 506.36 114.80 Td (in ) Tj ET Q q 0 0 0 rg BT 518.49 114.80 Td (February ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 101.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 79.73 101.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 112.40 101.60 Td (this ) Tj ET Q q 0 0 0 rg BT 132.23 101.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 190.40 101.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.71 101.60 Td (inuum ) Tj ET Q q 0 0 0 rg BT 229.38 101.60 Td (received ) Tj ET Q q 0 0 0 rg BT 273.66 101.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 313.07 101.60 Td (rents ) Tj ET Q q 0 0 0 rg BT 340.23 101.60 Td (from ) Tj ET Q q 0 0 0 rg BT 364.93 101.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.93 101.60 Td (Purchaser ) Tj ET Q q 0 0 0 rg BT 435.77 101.60 Td (which ) Tj ET Q q 0 0 0 rg BT 466.60 101.60 Td (were ) Tj ET Q q 0 0 0 rg BT 493.15 101.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 544.16 101.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 88.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.49 88.45 Td (as ) Tj ET Q q 0 0 0 rg BT 121.28 88.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 150.75 88.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 193.67 88.45 Td (over ) Tj ET Q q 0 0 0 rg BT 218.25 88.45 Td (a ) Tj ET Q q 0 0 0 rg BT 227.54 88.45 Td (36-month ) Tj ET Q q 0 0 0 rg BT 277.18 88.45 Td (term. ) Tj ET Q q 0 0 0 rg BT 304.78 88.45 Td (As ) Tj ET Q q 0 0 0 rg BT 320.79 88.45 Td (part ) Tj ET Q q 0 0 0 rg BT 342.92 88.45 Td (of ) Tj ET Q q 0 0 0 rg BT 355.27 88.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.73 88.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 435.00 88.45 Td (a ) Tj ET Q q 0 0 0 rg BT 444.29 88.45 Td (Put-Call ) Tj ET Q q 0 0 0 rg BT 485.95 88.45 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 542.94 88.45 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 75.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 90.51 75.20 Td (into ) Tj ET Q q 0 0 0 rg BT 111.96 75.20 Td (which ) Tj ET Q q 0 0 0 rg BT 143.79 75.20 Td (grants ) Tj ET Q q 0 0 0 rg BT 178.06 75.20 Td (the ) Tj ET Q q 0 0 0 rg BT 197.06 75.20 Td (Purchaser ) Tj ET Q q 0 0 0 rg BT 250.90 75.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.90 75.20 Td (option ) Tj ET Q q 0 0 0 rg BT 303.58 75.20 Td (to ) Tj ET Q q 0 0 0 rg BT 316.46 75.20 Td (put ) Tj ET Q q 0 0 0 rg BT 335.46 75.20 Td (the ) Tj ET Q q 0 0 0 rg BT 354.45 75.20 Td (REF ) Tj ET Q q 0 0 0 rg BT 380.16 75.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 418.09 75.20 Td (back ) Tj ET Q q 0 0 0 rg BT 445.03 75.20 Td (to ) Tj ET Q q 0 0 0 rg BT 457.67 75.20 Td (T) Tj ET Q q 0 0 0 rg BT 463.98 75.20 Td (inuum ) Tj ET Q q 0 0 0 rg BT 497.65 75.20 Td (under ) Tj ET Q q 0 0 0 rg BT 529.49 75.20 Td (certain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 62.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 125.59 62.00 Td (In ) Tj ET Q q 0 0 0 rg BT 137.50 62.00 Td (October ) Tj ET Q q 0 0 0 rg BT 179.37 62.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 209.46 62.00 Td (T) Tj ET Q q 0 0 0 rg BT 215.77 62.00 Td (inuum ) Tj ET Q q 0 0 0 rg BT 248.47 62.00 Td (was ) Tj ET Q q 0 0 0 rg BT 270.77 62.00 Td (notified ) Tj ET Q q 0 0 0 rg BT 308.98 62.00 Td (of ) Tj ET Q q 0 0 0 rg BT 320.89 62.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.92 62.00 Td (Purchaser) Tj ET Q q 0 0 0 rg BT 389.46 62.00 Td () Tj ET Q q 0 0 0 rg BT 391.70 62.00 Td (s ) Tj ET Q q 0 0 0 rg BT 399.94 62.00 Td (intent ) Tj ET Q q 0 0 0 rg BT 429.59 62.00 Td (to ) Tj ET Q q 0 0 0 rg BT 441.50 62.00 Td (put ) Tj ET Q q 0 0 0 rg BT 459.53 62.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.56 62.00 Td (REF ) Tj ET Q q 0 0 0 rg BT 502.30 62.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 539.26 62.00 Td (back ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 48.85 Td (to ) Tj ET Q q 0 0 0 rg BT 61.77 48.85 Td (T) Tj ET Q q 0 0 0 rg BT 68.08 48.85 Td (inuum, ) Tj ET Q q 0 0 0 rg BT 104.42 48.85 Td (ef) Tj ET Q q 0 0 0 rg BT 113.39 48.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 148.50 48.85 Td (in ) Tj ET Q q 0 0 0 rg BT 159.72 48.85 Td (April ) Tj ET Q q 0 0 0 rg BT 185.04 48.85 Td (2016. ) Tj ET Q q 0 0 0 rg BT 215.22 48.85 Td (As ) Tj ET Q q 0 0 0 rg BT 231.38 48.85 Td (a ) Tj ET Q q 0 0 0 rg BT 240.81 48.85 Td (result ) Tj ET Q q 0 0 0 rg BT 271.02 48.85 Td (of ) Tj ET Q q 0 0 0 rg BT 283.51 48.85 Td (the ) Tj ET Q q 0 0 0 rg BT 302.12 48.85 Td (put, ) Tj ET Q q 0 0 0 rg BT 323.79 48.85 Td (no ) Tj ET Q q 0 0 0 rg BT 339.34 48.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 389.75 48.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 413.86 48.85 Td (or ) Tj ET Q q 0 0 0 rg BT 426.96 48.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 449.83 48.85 Td (was ) Tj ET Q q 0 0 0 rg BT 472.71 48.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.84 48.85 Td (and ) Tj ET Q q 0 0 0 rg BT 551.51 48.85 Td (all ) Tj ET Q endstream endobj 277 0 obj <> endobj 278 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (137) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 102.08 712.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 158.95 712.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 207.25 712.00 Td (were ) Tj ET Q q 0 0 0 rg BT 234.15 712.00 Td (not ) Tj ET Q q 0 0 0 rg BT 252.50 712.00 Td (impacted.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 686.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.55 686.80 Td (February ) Tj ET Q q 0 0 0 rg BT 108.45 686.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 138.85 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 157.02 686.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.98 686.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 230.04 686.80 Td (99.8% ) Tj ET Q q 0 0 0 rg BT 264.10 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 276.16 686.80 Td (the ) Tj ET Q q 0 0 0 rg BT 294.33 686.80 Td (member ) Tj ET Q q 0 0 0 rg BT 337.55 686.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 382.00 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 394.05 686.80 Td (one ) Tj ET Q q 0 0 0 rg BT 415.28 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 427.33 686.80 Td (its ) Tj ET Q q 0 0 0 rg BT 441.21 686.80 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 505.23 686.80 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 542.33 686.80 Td (LLC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 673.60 Td (\(RCM6\). ) Tj ET Q q 0 0 0 rg BT 101.12 673.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.87 673.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 137.79 673.60 Td (owns ) Tj ET Q q 0 0 0 rg BT 166.21 673.60 Td (a ) Tj ET Q q 0 0 0 rg BT 175.08 673.60 Td (single ) Tj ET Q q 0 0 0 rg BT 206.57 673.60 Td (REF ) Tj ET Q q 0 0 0 rg BT 231.31 673.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 264.72 673.60 Td (. ) Tj ET Q q 0 0 0 rg BT 269.98 673.60 Td (A) Tj ET Q q 0 0 0 rg BT 276.71 673.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.46 673.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 315.84 673.60 Td (\(49.9%\) ) Tj ET Q q 0 0 0 rg BT 357.10 673.60 Td (of ) Tj ET Q q 0 0 0 rg BT 369.02 673.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.06 673.60 Td (member ) Tj ET Q q 0 0 0 rg BT 430.15 673.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 474.47 673.60 Td (was ) Tj ET Q q 0 0 0 rg BT 496.78 673.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 550.89 673.60 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 660.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 86.66 660.40 Td (related ) Tj ET Q q 0 0 0 rg BT 124.43 660.40 Td (to ) Tj ET Q q 0 0 0 rg BT 137.75 660.40 Td (or ) Tj ET Q q 0 0 0 rg BT 151.67 660.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 203.51 660.40 Td (by ) Tj ET Q q 0 0 0 rg BT 218.44 660.40 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 248.26 660.40 Td (NexGen, ) Tj ET Q q 0 0 0 rg BT 295.81 660.40 Td (and ) Tj ET Q q 0 0 0 rg BT 318.30 660.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 365.24 660.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 413.41 660.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 475.02 660.40 Td (\(Republic\). ) Tj ET Q q 0 0 0 rg BT 539.68 660.40 Td ( ) Tj ET Q q 0 0 0 rg BT 543.55 660.40 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 647.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 100.20 647.20 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 133.79 647.20 Td (was ) Tj ET Q q 0 0 0 rg BT 155.76 647.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 178.34 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 189.91 647.20 Td (an ) Tj ET Q q 0 0 0 rg BT 204.55 647.20 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 252.82 647.20 Td (third ) Tj ET Q q 0 0 0 rg BT 276.62 647.20 Td (party) Tj ET Q q 0 0 0 rg BT 300.25 647.20 Td (. ) Tj ET Q q 0 0 0 rg BT 305.71 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 307.96 647.20 Td (The ) Tj ET Q q 0 0 0 rg BT 329.31 647.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 351.89 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.47 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.16 647.20 Td (member ) Tj ET Q q 0 0 0 rg BT 423.90 647.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 467.88 647.20 Td (in ) Tj ET Q q 0 0 0 rg BT 478.84 647.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 512.41 647.20 Td (was ) Tj ET Q q 0 0 0 rg BT 534.37 647.20 Td (under ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 634.00 Td (identical ) Tj ET Q q 0 0 0 rg BT 92.89 634.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 123.42 634.00 Td (and ) Tj ET Q q 0 0 0 rg BT 144.81 634.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 183.30 634.00 Td (to ) Tj ET Q q 0 0 0 rg BT 195.51 634.00 Td (their ) Tj ET Q q 0 0 0 rg BT 219.94 634.00 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 287.79 634.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 332.40 634.00 Td (for ) Tj ET Q q 0 0 0 rg BT 348.27 634.00 Td (all ) Tj ET Q q 0 0 0 rg BT 362.30 634.00 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 422.81 634.00 Td ( ) Tj ET Q q 0 0 0 rg BT 425.84 634.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 436.03 634.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 470.86 634.00 Td (March ) Tj ET Q q 0 0 0 rg BT 504.45 634.00 Td (3, ) Tj ET Q q 0 0 0 rg BT 516.66 634.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 547.22 634.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 620.80 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 100.19 620.80 Td (third ) Tj ET Q q 0 0 0 rg BT 126.41 620.80 Td (party ) Tj ET Q q 0 0 0 rg BT 155.69 620.80 Td (purchased ) Tj ET Q q 0 0 0 rg BT 211.88 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 232.00 620.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 278.39 620.80 Td (held ) Tj ET Q q 0 0 0 rg BT 304.01 620.80 Td (by ) Tj ET Q q 0 0 0 rg BT 319.49 620.80 Td (ADA) Tj ET Q q 0 0 0 rg BT 341.50 620.80 Td ( ) Tj ET Q q 0 0 0 rg BT 346.33 620.80 Td (and ) Tj ET Q q 0 0 0 rg BT 369.50 620.80 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 414.68 620.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 466.58 620.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 512.98 620.80 Td (previously ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 94.10 607.60 Td (by ) Tj ET Q q 0 0 0 rg BT 108.12 607.60 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 150.88 607.60 Td (from ) Tj ET Q q 0 0 0 rg BT 175.29 607.60 Td (Republic\) ) Tj ET Q q 0 0 0 rg BT 224.16 607.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 268.14 607.60 Td (in ) Tj ET Q q 0 0 0 rg BT 279.11 607.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.81 607.60 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 345.08 607.60 Td (third ) Tj ET Q q 0 0 0 rg BT 368.89 607.60 Td (party ) Tj ET Q q 0 0 0 rg BT 395.75 607.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 433.01 607.60 Td (99.8% ) Tj ET Q q 0 0 0 rg BT 466.61 607.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.19 607.60 Td (member ) Tj ET Q q 0 0 0 rg BT 520.94 607.60 Td (interests ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 61.12 594.40 Td (RCM6. ) Tj ET Q q 0 0 0 rg BT 98.40 594.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.26 594.40 Td (The ) Tj ET Q q 0 0 0 rg BT 123.27 594.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.40 594.40 Td (retains ) Tj ET Q q 0 0 0 rg BT 209.47 594.40 Td (its ) Tj ET Q q 0 0 0 rg BT 223.53 594.40 Td (0.2% ) Tj ET Q q 0 0 0 rg BT 251.66 594.40 Td (member ) Tj ET Q q 0 0 0 rg BT 295.06 594.40 Td (interest.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 569.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.28 569.20 Td (the ) Tj ET Q q 0 0 0 rg BT 100.39 569.20 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 134.38 569.20 Td (Member ) Tj ET Q q 0 0 0 rg BT 177.54 569.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 217.05 569.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 265.78 569.20 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 327.91 569.20 Td (\(MIP) Tj ET Q q 0 0 0 rg BT 353.97 569.20 Td (A\), ) Tj ET Q q 0 0 0 rg BT 374.51 569.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.62 569.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.52 569.20 Td (received ) Tj ET Q q 0 0 0 rg BT 486.92 569.20 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 553.33 569.20 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 556.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 88.24 556.00 Td (which ) Tj ET Q q 0 0 0 rg BT 120.86 556.00 Td (were ) Tj ET Q q 0 0 0 rg BT 149.20 556.00 Td (to ) Tj ET Q q 0 0 0 rg BT 162.87 556.00 Td (be ) Tj ET Q q 0 0 0 rg BT 179.60 556.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 232.40 556.00 Td (through ) Tj ET Q q 0 0 0 rg BT 274.20 556.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.99 556.00 Td (first ) Tj ET Q q 0 0 0 rg BT 316.21 556.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 355.56 556.00 Td (of ) Tj ET Q q 0 0 0 rg BT 369.23 556.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 400.36 556.00 Td (As ) Tj ET Q q 0 0 0 rg BT 417.70 556.00 Td (part ) Tj ET Q q 0 0 0 rg BT 441.15 556.00 Td (of ) Tj ET Q q 0 0 0 rg BT 454.82 556.00 Td (the ) Tj ET Q q 0 0 0 rg BT 474.61 556.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 503.58 556.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 553.33 556.00 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 542.80 Td (membership ) Tj ET Q q 0 0 0 rg BT 112.28 542.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 156.11 542.80 Td (between ) Tj ET Q q 0 0 0 rg BT 199.95 542.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.50 542.80 Td (owners, ) Tj ET Q q 0 0 0 rg BT 258.27 542.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.82 542.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 337.99 542.80 Td (period ) Tj ET Q q 0 0 0 rg BT 370.82 542.80 Td (was ) Tj ET Q q 0 0 0 rg BT 392.64 542.80 Td (extended ) Tj ET Q q 0 0 0 rg BT 440.16 542.80 Td (through ) Tj ET Q q 0 0 0 rg BT 479.72 542.80 Td (the ) Tj ET Q q 0 0 0 rg BT 497.27 542.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 527.66 542.80 Td (quarter ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.64 529.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 92.14 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 95.11 529.60 Td ( ) Tj ET Q q 0 0 0 rg BT 97.89 529.60 Td (The ) Tj ET Q q 0 0 0 rg BT 119.81 529.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 175.37 529.60 Td (calls ) Tj ET Q q 0 0 0 rg BT 200.34 529.60 Td (for ) Tj ET Q q 0 0 0 rg BT 216.15 529.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.21 529.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 316.87 529.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.02 529.60 Td (be ) Tj ET Q q 0 0 0 rg BT 344.22 529.60 Td (made ) Tj ET Q q 0 0 0 rg BT 374.71 529.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 420.47 529.60 Td (by ) Tj ET Q q 0 0 0 rg BT 435.06 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.32 529.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 491.75 529.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.90 529.60 Td (the ) Tj ET Q q 0 0 0 rg BT 522.16 529.60 Td (member ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 516.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 95.87 516.40 Td (of ) Tj ET Q q 0 0 0 rg BT 109.84 516.40 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 145.80 516.40 Td (through ) Tj ET Q q 0 0 0 rg BT 187.91 516.40 Td (2021. ) Tj ET Q q 0 0 0 rg BT 219.92 516.40 Td (These ) Tj ET Q q 0 0 0 rg BT 255.29 516.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 307.77 516.40 Td (are ) Tj ET Q q 0 0 0 rg BT 328.47 516.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 376.68 516.40 Td (as ) Tj ET Q q 0 0 0 rg BT 393.09 516.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 424.19 516.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 474.23 516.40 Td (in ) Tj ET Q q 0 0 0 rg BT 487.59 516.40 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 516.40 Td (Company) Tj ET Q q 0 0 0 rg BT 557.00 516.40 Td (s ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 503.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 114.32 503.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.74 503.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 217.65 503.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 478.00 Td (Simultaneously ) Tj ET Q q 0 0 0 rg BT 126.95 478.00 Td (with ) Tj ET Q q 0 0 0 rg BT 149.36 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.51 478.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 190.54 478.00 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 223.16 478.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.09 478.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.12 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 303.27 478.00 Td (member ) Tj ET Q q 0 0 0 rg BT 346.47 478.00 Td (interests, ) Tj ET Q q 0 0 0 rg BT 393.95 478.00 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 427.97 478.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 468.13 478.00 Td (into ) Tj ET Q q 0 0 0 rg BT 488.72 478.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 549.67 478.00 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 67.74 464.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 115.94 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.06 464.80 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 178.09 464.80 Td (coal, ) Tj ET Q q 0 0 0 rg BT 204.28 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.52 464.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 245.65 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 257.77 464.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 300.47 464.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 352.32 464.80 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 376.06 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 394.30 464.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 441.27 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 453.40 464.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 476.52 464.80 Td (yard ) Tj ET Q q 0 0 0 rg BT 500.87 464.80 Td (services ) Tj ET Q q 0 0 0 rg BT 544.16 464.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 451.60 Td (site ) Tj ET Q q 0 0 0 rg BT 70.32 451.60 Td (license ) Tj ET Q q 0 0 0 rg BT 108.27 451.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 130.93 451.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 168.73 451.60 Td (Agreements\) ) Tj ET Q q 0 0 0 rg BT 239.07 451.60 Td (with ) Tj ET Q q 0 0 0 rg BT 262.33 451.60 Td (a ) Tj ET Q q 0 0 0 rg BT 272.16 451.60 Td (Generator) Tj ET Q q 0 0 0 rg BT 321.08 451.60 Td (. ) Tj ET Q q 0 0 0 rg BT 327.60 451.60 Td (The ) Tj ET Q q 0 0 0 rg BT 350.26 451.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 384.40 451.60 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 447.41 451.60 Td (are ) Tj ET Q q 0 0 0 rg BT 467.01 451.60 Td (required ) Tj ET Q q 0 0 0 rg BT 511.07 451.60 Td (for ) Tj ET Q q 0 0 0 rg BT 527.62 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.61 451.60 Td (on-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 438.40 Td (going ) Tj ET Q q 0 0 0 rg BT 80.30 438.40 Td (production ) Tj ET Q q 0 0 0 rg BT 135.55 438.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.79 438.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 181.85 438.40 Td (of ) Tj ET Q q 0 0 0 rg BT 194.91 438.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 238.55 438.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 291.33 438.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 312.95 438.40 Td (by ) Tj ET Q q 0 0 0 rg BT 328.46 438.40 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 363.51 438.40 Td (at ) Tj ET Q q 0 0 0 rg BT 376.57 438.40 Td (its ) Tj ET Q q 0 0 0 rg BT 391.45 438.40 Td (current ) Tj ET Q q 0 0 0 rg BT 429.57 438.40 Td (location. ) Tj ET Q q 0 0 0 rg BT 474.43 438.40 Td ( ) Tj ET Q q 0 0 0 rg BT 478.31 438.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 512.15 438.40 Td (the ) Tj ET Q q 0 0 0 rg BT 531.33 438.40 Td (RCM6 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 425.20 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 113.88 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.18 425.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.27 425.20 Td (also ) Tj ET Q q 0 0 0 rg BT 202.46 425.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 241.79 425.20 Td (into ) Tj ET Q q 0 0 0 rg BT 261.53 425.20 Td (a ) Tj ET Q q 0 0 0 rg BT 269.67 425.20 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 321.22 425.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 375.82 425.20 Td (whereby ) Tj ET Q q 0 0 0 rg BT 419.28 425.20 Td (T) Tj ET Q q 0 0 0 rg BT 425.59 425.20 Td (inuum ) Tj ET Q q 0 0 0 rg BT 457.57 425.20 Td (guaranteed, ) Tj ET Q q 0 0 0 rg BT 518.30 425.20 Td (on ) Tj ET Q q 0 0 0 rg BT 532.55 425.20 Td (behalf ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.63 412.00 Td (RCM6, ) Tj ET Q q 0 0 0 rg BT 98.82 412.00 Td ($15.0 ) Tj ET Q q 0 0 0 rg BT 129.31 412.00 Td (million ) Tj ET Q q 0 0 0 rg BT 163.44 412.00 Td (of ) Tj ET Q q 0 0 0 rg BT 175.58 412.00 Td (its ) Tj ET Q q 0 0 0 rg BT 189.54 412.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 245.09 412.00 Td (under ) Tj ET Q q 0 0 0 rg BT 276.18 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 294.44 412.00 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 327.98 412.00 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 390.25 412.00 Td (\(Guarantee ) Tj ET Q q 0 0 0 rg BT 451.93 412.00 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 519.08 412.00 Td (including ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 398.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 95.96 398.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 152.82 398.80 Td (and ) Tj ET Q q 0 0 0 rg BT 175.45 398.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 232.31 398.80 Td (to ) Tj ET Q q 0 0 0 rg BT 245.75 398.80 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 297.10 398.80 Td (the ) Tj ET Q q 0 0 0 rg BT 316.66 398.80 Td (Generator) Tj ET Q q 0 0 0 rg BT 365.58 398.80 Td (. ) Tj ET Q q 0 0 0 rg BT 372.63 398.80 Td (The ) Tj ET Q q 0 0 0 rg BT 395.85 398.80 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 451.25 398.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 509.33 398.80 Td (expires ) Tj ET Q q 0 0 0 rg BT 549.06 398.80 Td (six ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 385.60 Td (years ) Tj ET Q q 0 0 0 rg BT 80.24 385.60 Td (after ) Tj ET Q q 0 0 0 rg BT 106.09 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.22 385.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 176.75 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.77 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.14 385.60 Td (Agreements. ) Tj ET Q q 0 0 0 rg BT 274.34 385.60 Td (No ) Tj ET Q q 0 0 0 rg BT 292.24 385.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 337.65 385.60 Td (have ) Tj ET Q q 0 0 0 rg BT 365.34 385.60 Td (been ) Tj ET Q q 0 0 0 rg BT 393.65 385.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 440.91 385.60 Td (related ) Tj ET Q q 0 0 0 rg BT 478.38 385.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.39 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.52 385.60 Td (Guarantee ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 372.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 106.36 372.40 Td (by ) Tj ET Q q 0 0 0 rg BT 121.04 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.39 372.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.52 372.40 Td (as ) Tj ET Q q 0 0 0 rg BT 204.19 372.40 Td (of ) Tj ET Q q 0 0 0 rg BT 216.42 372.40 Td (December ) Tj ET Q q 0 0 0 rg BT 270.22 372.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 288.57 372.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 316.09 372.40 Td (and ) Tj ET Q q 0 0 0 rg BT 337.50 372.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 368.09 372.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 425.35 372.40 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 347.20 Td (During ) Tj ET Q q 0 0 0 rg BT 84.74 347.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 112.05 347.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.18 347.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.10 347.20 Td (created ) Tj ET Q q 0 0 0 rg BT 219.63 347.20 Td (two ) Tj ET Q q 0 0 0 rg BT 239.58 347.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.51 347.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 324.14 347.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 359.99 347.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 419.08 347.20 Td (Green ) Tj ET Q q 0 0 0 rg BT 452.49 347.20 Td (River ) Tj ET Q q 0 0 0 rg BT 480.99 347.20 Td (RC218, ) Tj ET Q q 0 0 0 rg BT 521.13 347.20 Td (LLC ) Tj ET Q q 0 0 0 rg BT 544.15 347.20 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 334.00 Td (Red ) Tj ET Q q 0 0 0 rg BT 72.41 334.00 Td (River ) Tj ET Q q 0 0 0 rg BT 100.82 334.00 Td (RC220, ) Tj ET Q q 0 0 0 rg BT 140.85 334.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 166.82 334.00 Td (\(together ) Tj ET Q q 0 0 0 rg BT 213.58 334.00 Td (River ) Tj ET Q q 0 0 0 rg BT 245.65 334.00 Td (LLCs\) ) Tj ET Q q 0 0 0 rg BT 281.39 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 292.69 334.00 Td (which ) Tj ET Q q 0 0 0 rg BT 323.55 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.57 334.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 391.39 334.00 Td (owns ) Tj ET Q q 0 0 0 rg BT 419.80 334.00 Td (a ) Tj ET Q q 0 0 0 rg BT 428.65 334.00 Td (1% ) Tj ET Q q 0 0 0 rg BT 447.29 334.00 Td (member ) Tj ET Q q 0 0 0 rg BT 490.37 334.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 529.17 334.00 Td (and ) Tj ET Q q 0 0 0 rg BT 550.26 334.00 Td (an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 320.80 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 99.21 320.80 Td (third ) Tj ET Q q 0 0 0 rg BT 124.45 320.80 Td (party ) Tj ET Q q 0 0 0 rg BT 152.74 320.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 182.26 320.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.39 320.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 253.53 320.80 Td (99%. ) Tj ET Q q 0 0 0 rg BT 282.44 320.80 Td ( ) Tj ET Q q 0 0 0 rg BT 286.03 320.80 Td (The ) Tj ET Q q 0 0 0 rg BT 308.83 320.80 Td (River ) Tj ET Q q 0 0 0 rg BT 338.33 320.80 Td (LLCs ) Tj ET Q q 0 0 0 rg BT 367.85 320.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 397.99 320.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 423.83 320.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 470.45 320.80 Td (from ) Tj ET Q q 0 0 0 rg BT 496.29 320.80 Td (the ) Tj ET Q q 0 0 0 rg BT 515.42 320.80 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (which ) Tj ET Q q 0 0 0 rg BT 80.87 307.60 Td (are ) Tj ET Q q 0 0 0 rg BT 100.02 307.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 137.51 307.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.32 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.87 307.60 Td (production ) Tj ET Q q 0 0 0 rg BT 222.48 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.91 307.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 277.91 307.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 330.06 307.60 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 353.89 307.60 Td (The ) Tj ET Q q 0 0 0 rg BT 376.10 307.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 437.44 307.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.52 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.06 307.60 Td (River ) Tj ET Q q 0 0 0 rg BT 500.98 307.60 Td (LLCs ) Tj ET Q q 0 0 0 rg BT 529.91 307.60 Td (call ) Tj ET Q q 0 0 0 rg BT 549.67 307.60 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 294.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 100.19 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 112.35 294.40 Td (be ) Tj ET Q q 0 0 0 rg BT 127.58 294.40 Td (made ) Tj ET Q q 0 0 0 rg BT 158.10 294.40 Td (quarterly) Tj ET Q q 0 0 0 rg BT 200.08 294.40 Td (, ) Tj ET Q q 0 0 0 rg BT 206.13 294.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 243.98 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 256.14 294.40 Td (deferral ) Tj ET Q q 0 0 0 rg BT 296.44 294.40 Td (in ) Tj ET Q q 0 0 0 rg BT 307.99 294.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 344.00 294.40 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 420.35 294.40 Td (by ) Tj ET Q q 0 0 0 rg BT 434.97 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 453.25 294.40 Td (owners ) Tj ET Q q 0 0 0 rg BT 491.71 294.40 Td (of ) Tj ET Q q 0 0 0 rg BT 503.88 294.40 Td (the ) Tj ET Q q 0 0 0 rg BT 522.16 294.40 Td (member ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 281.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 93.99 281.20 Td (of ) Tj ET Q q 0 0 0 rg BT 106.08 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.29 281.20 Td (River ) Tj ET Q q 0 0 0 rg BT 152.87 281.20 Td (LLCs ) Tj ET Q q 0 0 0 rg BT 181.47 281.20 Td (through ) Tj ET Q q 0 0 0 rg BT 221.69 281.20 Td (2021. ) Tj ET Q q 0 0 0 rg BT 252.13 281.20 Td ( ) Tj ET Q q 0 0 0 rg BT 254.86 281.20 Td (The ) Tj ET Q q 0 0 0 rg BT 276.73 281.20 Td (River ) Tj ET Q q 0 0 0 rg BT 305.31 281.20 Td (LLCs ) Tj ET Q q 0 0 0 rg BT 333.91 281.20 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 409.58 281.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 449.80 281.20 Td (into ) Tj ET Q q 0 0 0 rg BT 470.46 281.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 531.46 281.20 Td (for ) Tj ET Q q 0 0 0 rg BT 547.21 281.20 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 268.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 97.59 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.61 268.00 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 159.53 268.00 Td (coal, ) Tj ET Q q 0 0 0 rg BT 185.61 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.74 268.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 226.76 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.78 268.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 281.37 268.00 Td (emissions ) Tj ET Q q 0 0 0 rg BT 333.12 268.00 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 356.75 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.88 268.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 421.74 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.76 268.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 456.78 268.00 Td (yard ) Tj ET Q q 0 0 0 rg BT 481.02 268.00 Td (services ) Tj ET Q q 0 0 0 rg BT 524.20 268.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.40 268.00 Td (site ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 254.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 91.85 254.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 113.42 254.80 Td (River ) Tj ET Q q 0 0 0 rg BT 144.84 254.80 Td (Agreements\) ) Tj ET Q q 0 0 0 rg BT 214.08 254.80 Td (with ) Tj ET Q q 0 0 0 rg BT 236.25 254.80 Td (a ) Tj ET Q q 0 0 0 rg BT 244.98 254.80 Td (Generator) Tj ET Q q 0 0 0 rg BT 293.90 254.80 Td (. ) Tj ET Q q 0 0 0 rg BT 299.57 254.80 Td ( ) Tj ET Q q 0 0 0 rg BT 302.01 254.80 Td (These ) Tj ET Q q 0 0 0 rg BT 335.19 254.80 Td (River ) Tj ET Q q 0 0 0 rg BT 362.95 254.80 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 424.87 254.80 Td (are ) Tj ET Q q 0 0 0 rg BT 443.38 254.80 Td (required ) Tj ET Q q 0 0 0 rg BT 486.34 254.80 Td (for ) Tj ET Q q 0 0 0 rg BT 501.79 254.80 Td (the ) Tj ET Q q 0 0 0 rg BT 519.69 254.80 Td (on-going ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 241.60 Td (production ) Tj ET Q q 0 0 0 rg BT 102.62 241.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.72 241.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 144.64 241.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.57 241.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 197.06 241.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 247.72 241.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 267.20 241.60 Td (by ) Tj ET Q q 0 0 0 rg BT 280.56 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.60 241.60 Td (River ) Tj ET Q q 0 0 0 rg BT 325.02 241.60 Td (LLCs. ) Tj ET Q q 0 0 0 rg BT 355.50 241.60 Td ( ) Tj ET Q q 0 0 0 rg BT 357.25 241.60 Td (In ) Tj ET Q q 0 0 0 rg BT 368.17 241.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 423.12 241.60 Td (with ) Tj ET Q q 0 0 0 rg BT 444.43 241.60 Td (these ) Tj ET Q q 0 0 0 rg BT 473.09 241.60 Td (River ) Tj ET Q q 0 0 0 rg BT 500.16 241.60 Td (Agreements, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 67.58 228.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.45 228.40 Td (also ) Tj ET Q q 0 0 0 rg BT 140.42 228.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 180.52 228.40 Td (into ) Tj ET Q q 0 0 0 rg BT 201.04 228.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 253.38 228.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 314.26 228.40 Td (whereby ) Tj ET Q q 0 0 0 rg BT 358.44 228.40 Td (T) Tj ET Q q 0 0 0 rg BT 364.75 228.40 Td (inuum ) Tj ET Q q 0 0 0 rg BT 397.50 228.40 Td (guaranteed, ) Tj ET Q q 0 0 0 rg BT 459.01 228.40 Td (on ) Tj ET Q q 0 0 0 rg BT 474.04 228.40 Td (behalf ) Tj ET Q q 0 0 0 rg BT 506.80 228.40 Td (of ) Tj ET Q q 0 0 0 rg BT 518.76 228.40 Td (the ) Tj ET Q q 0 0 0 rg BT 536.85 228.40 Td (River ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 215.20 Td (LLCs, ) Tj ET Q q 0 0 0 rg BT 81.10 215.20 Td (each ) Tj ET Q q 0 0 0 rg BT 107.81 215.20 Td (of ) Tj ET Q q 0 0 0 rg BT 119.85 215.20 Td (their ) Tj ET Q q 0 0 0 rg BT 144.11 215.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 199.57 215.20 Td (under ) Tj ET Q q 0 0 0 rg BT 230.56 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 248.72 215.20 Td (River ) Tj ET Q q 0 0 0 rg BT 276.68 215.20 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 341.90 215.20 Td (including ) Tj ET Q q 0 0 0 rg BT 388.19 215.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 433.24 215.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 488.69 215.20 Td (and ) Tj ET Q q 0 0 0 rg BT 509.91 215.20 Td (obligations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 202.00 Td (to ) Tj ET Q q 0 0 0 rg BT 61.92 202.00 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 112.25 202.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.78 202.00 Td (Generator) Tj ET Q q 0 0 0 rg BT 179.70 202.00 Td (. ) Tj ET Q q 0 0 0 rg BT 186.01 202.00 Td ( ) Tj ET Q q 0 0 0 rg BT 189.25 202.00 Td (No ) Tj ET Q q 0 0 0 rg BT 206.56 202.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 251.38 202.00 Td (have ) Tj ET Q q 0 0 0 rg BT 278.48 202.00 Td (been ) Tj ET Q q 0 0 0 rg BT 306.20 202.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 352.86 202.00 Td (related ) Tj ET Q q 0 0 0 rg BT 389.74 202.00 Td (to ) Tj ET Q q 0 0 0 rg BT 402.16 202.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.70 202.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 475.29 202.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 532.34 202.00 Td (by ) Tj ET Q q 0 0 0 rg BT 547.21 202.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 188.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.63 188.80 Td (as ) Tj ET Q q 0 0 0 rg BT 114.31 188.80 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 188.80 Td (December ) Tj ET Q q 0 0 0 rg BT 180.33 188.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 198.68 188.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 226.21 188.80 Td (and ) Tj ET Q q 0 0 0 rg BT 247.62 188.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 278.20 188.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 335.46 188.80 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 163.60 Td (The ) Tj ET Q q 0 0 0 rg BT 72.30 163.60 Td (following ) Tj ET Q q 0 0 0 rg BT 118.95 163.60 Td (is ) Tj ET Q q 0 0 0 rg BT 130.74 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 140.71 163.60 Td (schedule ) Tj ET Q q 0 0 0 rg BT 188.59 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.61 163.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 260.48 163.60 Td (renewable ) Tj ET Q q 0 0 0 rg BT 315.09 163.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 342.17 163.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 372.31 163.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 423.85 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 436.87 163.60 Td (be ) Tj ET Q q 0 0 0 rg BT 452.95 163.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 477.60 163.60 Td (by ) Tj ET Q q 0 0 0 rg BT 493.06 163.60 Td (lessees ) Tj ET Q q 0 0 0 rg BT 534.21 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 547.23 163.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 150.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 98.21 150.40 Td (through ) Tj ET Q q 0 0 0 rg BT 137.14 150.40 Td (December ) Tj ET Q q 0 0 0 rg BT 189.51 150.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 206.43 150.40 Td (2021, ) Tj ET Q q 0 0 0 rg BT 235.58 150.40 Td (assuming ) Tj ET Q q 0 0 0 rg BT 284.29 150.40 Td (no ) Tj ET Q q 0 0 0 rg BT 298.15 150.40 Td (postponement ) Tj ET Q q 0 0 0 rg BT 369.50 150.40 Td (of ) Tj ET Q q 0 0 0 rg BT 380.30 150.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 432.08 150.40 Td (payments, ) Tj ET Q q 0 0 0 rg BT 484.45 150.40 Td (no ) Tj ET Q q 0 0 0 rg BT 498.31 150.40 Td (modifications ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 137.20 Td (of ) Tj ET Q q 0 0 0 rg BT 62.52 137.20 Td (leases, ) Tj ET Q q 0 0 0 rg BT 101.22 137.20 Td (non-renewals ) Tj ET Q q 0 0 0 rg BT 171.10 137.20 Td (or ) Tj ET Q q 0 0 0 rg BT 184.73 137.20 Td (early ) Tj ET Q q 0 0 0 rg BT 212.42 137.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 242.56 137.20 Td (terminations. ) Tj ET Q q 0 0 0 rg BT 309.38 137.20 Td ( ) Tj ET Q q 0 0 0 rg BT 313.22 137.20 Td (Future ) Tj ET Q q 0 0 0 rg BT 348.86 137.20 Td (REF ) Tj ET Q q 0 0 0 rg BT 374.70 137.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 412.77 137.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 442.92 137.20 Td (payments, ) Tj ET Q q 0 0 0 rg BT 497.51 137.20 Td (including ) Tj ET Q q 0 0 0 rg BT 544.77 137.20 Td (any ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 124.00 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 101.32 124.00 Td (in ) Tj ET Q q 0 0 0 rg BT 111.56 124.00 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 180.50 124.00 Td (do ) Tj ET Q q 0 0 0 rg BT 194.41 124.00 Td (not ) Tj ET Q q 0 0 0 rg BT 211.38 124.00 Td (include ) Tj ET Q q 0 0 0 rg BT 247.92 124.00 Td (contingent ) Tj ET Q q 0 0 0 rg BT 300.36 124.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 328.33 124.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 372.20 124.00 Td (which ) Tj ET Q q 0 0 0 rg BT 402.00 124.00 Td (are ) Tj ET Q q 0 0 0 rg BT 419.57 124.00 Td (based ) Tj ET Q q 0 0 0 rg BT 451.22 124.00 Td (on ) Tj ET Q q 0 0 0 rg BT 465.13 124.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.10 124.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 511.90 124.00 Td (of ) Tj ET Q q 0 0 0 rg BT 522.75 124.00 Td (reduced ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 110.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 101.46 110.80 Td (fuel ) Tj ET Q q 0 0 0 rg BT 122.25 110.80 Td (production:) Tj ET Q endstream endobj 279 0 obj <> endobj 280 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td ( ST) Tj ET Q q 0 0 0 rg BT 388.49 758.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.62 758.30 Td (TEMENTS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 209.25 745.10 Td (DECEMBER 31, 2016, 2015 ) Tj ET Q q 0 0 0 rg BT 351.30 745.10 Td (AND 2014) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 268.10 731.90 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (138) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 644.5 m 396 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 630.5 m 396 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 628.5 m 396 628.5 l s BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.50 708.99 Td (2017) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 284.50 708.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.00 708.99 Td (116,170) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.50 693.99 Td (2018) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.70 693.99 Td (130,235) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.50 678.99 Td (2019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.70 678.99 Td (133,892) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.50 663.99 Td (2020) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.70 663.99 Td (123,000) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 217.50 648.99 Td (Thereafter) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 358.85 648.99 Td (86,450) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 284.50 633.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.00 633.99 Td (589,747) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 579.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 579.60 Td (5 ) Tj ET Q q 0 0 0 rg BT 92.29 579.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.46 579.60 Td (V) Tj ET Q q 0 0 0 rg BT 107.98 579.60 Td (ARIABLE ) Tj ET Q q 0 0 0 rg BT 159.92 579.60 Td (INTEREST ) Tj ET Q q 0 0 0 rg BT 217.37 579.60 Td (ENTITIES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 553.20 Td (RCM6 and the River LLCs \(together the TG VIEs\) were created as reduced emissions fuel production ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 540.05 Td (companies. ) Tj ET Q q 0 0 0 rg BT 108.61 540.05 Td (The operations include the purchase of feedstock coal from a Generator) Tj ET Q q 0 0 0 rg BT 458.37 540.05 Td (, application of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 526.80 Td (chemicals utilizing that entity) Tj ET Q q 0 0 0 rg BT 191.14 526.80 Td (s REF Facility) Tj ET Q q 0 0 0 rg BT 258.16 526.80 Td (, and the subsequent sale of reduced emissions fuel to the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 513.60 Td (Generator) Tj ET Q q 0 0 0 rg BT 98.42 513.60 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 488.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 83.37 488.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 110.52 488.45 Td (the ) Tj ET Q q 0 0 0 rg BT 128.49 488.45 Td (criteria ) Tj ET Q q 0 0 0 rg BT 164.17 488.45 Td (set ) Tj ET Q q 0 0 0 rg BT 181.52 488.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 206.21 488.45 Td (in ) Tj ET Q q 0 0 0 rg BT 216.92 488.45 Td (ASC ) Tj ET Q q 0 0 0 rg BT 242.22 488.45 Td (810, ) Tj ET Q q 0 0 0 rg BT 266.31 488.45 Td (the ) Tj ET Q q 0 0 0 rg BT 284.28 488.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.03 488.45 Td (has ) Tj ET Q q 0 0 0 rg BT 354.45 488.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 412.16 488.45 Td (that ) Tj ET Q q 0 0 0 rg BT 433.18 488.45 Td (it ) Tj ET Q q 0 0 0 rg BT 441.36 488.45 Td (is ) Tj ET Q q 0 0 0 rg BT 451.99 488.45 Td (the ) Tj ET Q q 0 0 0 rg BT 469.96 488.45 Td (primary ) Tj ET Q q 0 0 0 rg BT 509.30 488.45 Td (beneficiary ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 475.20 Td (in ) Tj ET Q q 0 0 0 rg BT 60.03 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 77.17 475.20 Td (TG ) Tj ET Q q 0 0 0 rg BT 94.41 475.20 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 119.62 475.20 Td (for ) Tj ET Q q 0 0 0 rg BT 134.42 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.69 475.20 Td (years ) Tj ET Q q 0 0 0 rg BT 180.56 475.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 213.12 475.20 Td (December ) Tj ET Q q 0 0 0 rg BT 265.83 475.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 283.09 475.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 312.59 475.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 339.03 475.20 Td (and ) Tj ET Q q 0 0 0 rg BT 359.35 475.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 388.85 475.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 446.11 475.20 Td (. ) Tj ET Q q 0 0 0 rg BT 451.14 475.20 Td ( ) Tj ET Q q 0 0 0 rg BT 452.98 475.20 Td (The ) Tj ET Q q 0 0 0 rg BT 473.91 475.20 Td (Company) Tj ET Q q 0 0 0 rg BT 520.17 475.20 Td (, ) Tj ET Q q 0 0 0 rg BT 525.20 475.20 Td (through ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 462.00 Td (its ) Tj ET Q q 0 0 0 rg BT 64.55 462.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 96.72 462.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 133.18 462.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 195.31 462.00 Td (\(Managers\), ) Tj ET Q q 0 0 0 rg BT 265.98 462.00 Td (holds ) Tj ET Q q 0 0 0 rg BT 296.32 462.00 Td (a ) Tj ET Q q 0 0 0 rg BT 306.49 462.00 Td (0.2% ) Tj ET Q q 0 0 0 rg BT 335.60 462.00 Td (or ) Tj ET Q q 0 0 0 rg BT 349.43 462.00 Td (1% ) Tj ET Q q 0 0 0 rg BT 369.37 462.00 Td (member ) Tj ET Q q 0 0 0 rg BT 413.76 462.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 453.88 462.00 Td (in ) Tj ET Q q 0 0 0 rg BT 466.49 462.00 Td (the ) Tj ET Q q 0 0 0 rg BT 485.56 462.00 Td (TG ) Tj ET Q q 0 0 0 rg BT 504.88 462.00 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 535.21 462.00 Td (is ) Tj ET Q q 0 0 0 rg BT 547.20 462.00 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 448.80 Td (manager ) Tj ET Q q 0 0 0 rg BT 96.46 448.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.18 448.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.78 448.80 Td (TG ) Tj ET Q q 0 0 0 rg BT 146.60 448.80 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 176.43 448.80 Td (and ) Tj ET Q q 0 0 0 rg BT 198.33 448.80 Td (directs ) Tj ET Q q 0 0 0 rg BT 234.27 448.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.11 448.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 298.83 448.80 Td (that ) Tj ET Q q 0 0 0 rg BT 320.72 448.80 Td (are ) Tj ET Q q 0 0 0 rg BT 340.16 448.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 397.52 448.80 Td (most ) Tj ET Q q 0 0 0 rg BT 424.90 448.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 477.36 448.80 Td (to ) Tj ET Q q 0 0 0 rg BT 490.08 448.80 Td (the ) Tj ET Q q 0 0 0 rg BT 508.91 448.80 Td (entities. ) Tj ET Q q 0 0 0 rg BT 549.66 448.80 Td (As ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 77.80 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.10 435.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.47 435.60 Td (results ) Tj ET Q q 0 0 0 rg BT 171.88 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.06 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.24 435.60 Td (TG ) Tj ET Q q 0 0 0 rg BT 217.52 435.60 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 242.76 435.60 Td (are ) Tj ET Q q 0 0 0 rg BT 260.67 435.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 324.45 435.60 Td (with ) Tj ET Q q 0 0 0 rg BT 346.02 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.32 435.60 Td (results ) Tj ET Q q 0 0 0 rg BT 397.73 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.91 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.22 435.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.30 435.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.67 435.60 Td (are ) Tj ET Q q 0 0 0 rg BT 513.58 435.60 Td (presented ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 422.45 Td (as ) Tj ET Q q 0 0 0 rg BT 64.17 422.45 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 141.21 422.45 Td (Interests ) Tj ET Q q 0 0 0 rg BT 190.12 422.45 Td (within ) Tj ET Q q 0 0 0 rg BT 221.29 422.45 Td (the ) Tj ET Q q 0 0 0 rg BT 239.64 422.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 304.47 422.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.88 422.45 Td (statements. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (Creditors ) Tj ET Q q 0 0 0 rg BT 96.41 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.87 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.29 397.25 Td (TG ) Tj ET Q q 0 0 0 rg BT 142.85 397.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 168.37 397.25 Td (have ) Tj ET Q q 0 0 0 rg BT 194.51 397.25 Td (no ) Tj ET Q q 0 0 0 rg BT 209.03 397.25 Td (recourse ) Tj ET Q q 0 0 0 rg BT 254.11 397.25 Td (against ) Tj ET Q q 0 0 0 rg BT 291.86 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.44 397.25 Td (general ) Tj ET Q q 0 0 0 rg BT 348.42 397.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 377.60 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.06 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.64 397.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 456.00 397.25 Td (\(outside ) Tj ET Q q 0 0 0 rg BT 497.42 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.88 397.25 Td (its ) Tj ET Q q 0 0 0 rg BT 522.16 397.25 Td (member ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 384.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 87.77 384.05 Td (or ) Tj ET Q q 0 0 0 rg BT 99.76 384.05 Td (specific ) Tj ET Q q 0 0 0 rg BT 138.64 384.05 Td (guarantees\), ) Tj ET Q q 0 0 0 rg BT 202.60 384.05 Td (and ) Tj ET Q q 0 0 0 rg BT 223.16 384.05 Td (the ) Tj ET Q q 0 0 0 rg BT 240.65 384.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 274.65 384.05 Td (of ) Tj ET Q q 0 0 0 rg BT 286.03 384.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.52 384.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.80 384.05 Td (are ) Tj ET Q q 0 0 0 rg BT 370.90 384.05 Td (not ) Tj ET Q q 0 0 0 rg BT 388.40 384.05 Td (collateral ) Tj ET Q q 0 0 0 rg BT 434.62 384.05 Td (for ) Tj ET Q q 0 0 0 rg BT 449.66 384.05 Td (any ) Tj ET Q q 0 0 0 rg BT 469.45 384.05 Td (TG ) Tj ET Q q 0 0 0 rg BT 486.93 384.05 Td (VIE ) Tj ET Q q 0 0 0 rg BT 506.86 384.05 Td (obligations. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 370.85 Td (The ) Tj ET Q q 0 0 0 rg BT 70.67 370.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 124.26 370.85 Td (of ) Tj ET Q q 0 0 0 rg BT 135.65 370.85 Td (all ) Tj ET Q q 0 0 0 rg BT 148.87 370.85 Td (three ) Tj ET Q q 0 0 0 rg BT 176.15 370.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 213.22 370.85 Td (are ) Tj ET Q q 0 0 0 rg BT 231.34 370.85 Td (financed ) Tj ET Q q 0 0 0 rg BT 275.14 370.85 Td (through ) Tj ET Q q 0 0 0 rg BT 314.67 370.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 348.68 370.85 Td (calls ) Tj ET Q q 0 0 0 rg BT 372.90 370.85 Td (of ) Tj ET Q q 0 0 0 rg BT 384.29 370.85 Td (the ) Tj ET Q q 0 0 0 rg BT 401.80 370.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 454.15 370.85 Td (members ) Tj ET Q q 0 0 0 rg BT 502.20 370.85 Td (in ) Tj ET Q q 0 0 0 rg BT 512.98 370.85 Td (proportion ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 357.65 Td (to ) Tj ET Q q 0 0 0 rg BT 60.63 357.65 Td (their ) Tj ET Q q 0 0 0 rg BT 83.99 357.65 Td (member ) Tj ET Q q 0 0 0 rg BT 126.28 357.65 Td (interests. ) Tj ET Q q 0 0 0 rg BT 172.87 357.65 Td ( ) Tj ET Q q 0 0 0 rg BT 174.83 357.65 Td (In ) Tj ET Q q 0 0 0 rg BT 185.96 357.65 Td (the ) Tj ET Q q 0 0 0 rg BT 203.20 357.65 Td (event ) Tj ET Q q 0 0 0 rg BT 232.07 357.65 Td (that ) Tj ET Q q 0 0 0 rg BT 252.37 357.65 Td (a ) Tj ET Q q 0 0 0 rg BT 260.45 357.65 Td (member ) Tj ET Q q 0 0 0 rg BT 302.75 357.65 Td (defaults ) Tj ET Q q 0 0 0 rg BT 343.23 357.65 Td (on ) Tj ET Q q 0 0 0 rg BT 357.42 357.65 Td (a ) Tj ET Q q 0 0 0 rg BT 365.50 357.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.25 357.65 Td (call ) Tj ET Q q 0 0 0 rg BT 417.71 357.65 Td (request ) Tj ET Q q 0 0 0 rg BT 456.36 357.65 Td (made ) Tj ET Q q 0 0 0 rg BT 485.83 357.65 Td (by ) Tj ET Q q 0 0 0 rg BT 499.41 357.65 Td (the ) Tj ET Q q 0 0 0 rg BT 516.65 357.65 Td (Manager) Tj ET Q q 0 0 0 rg BT 559.46 357.65 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 67.24 344.45 Td (Manager ) Tj ET Q q 0 0 0 rg BT 113.09 344.45 Td (may ) Tj ET Q q 0 0 0 rg BT 136.32 344.45 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 148.53 344.45 Td (withhold ) Tj ET Q q 0 0 0 rg BT 191.34 344.45 Td (distributions ) Tj ET Q q 0 0 0 rg BT 252.48 344.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 293.45 344.45 Td (to ) Tj ET Q q 0 0 0 rg BT 305.07 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 322.81 344.45 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 372.96 344.45 Td (member ) Tj ET Q q 0 0 0 rg BT 415.74 344.45 Td (or ) Tj ET Q q 0 0 0 rg BT 427.97 344.45 Td (sue ) Tj ET Q q 0 0 0 rg BT 448.15 344.45 Td (for ) Tj ET Q q 0 0 0 rg BT 463.43 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 481.17 344.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 520.30 344.45 Td (due ) Tj ET Q q 0 0 0 rg BT 541.10 344.45 Td (and/) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 331.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.97 331.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 76.86 331.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 102.78 331.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.64 331.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 154.62 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.59 331.25 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 222.98 331.25 Td (member) Tj ET Q q 0 0 0 rg BT 263.74 331.25 Td () Tj ET Q q 0 0 0 rg BT 265.98 331.25 Td (s ) Tj ET Q q 0 0 0 rg BT 274.17 331.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.92 331.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.78 331.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.58 331.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 379.07 331.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 405.00 331.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 433.98 331.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 484.36 331.25 Td (by ) Tj ET Q q 0 0 0 rg BT 498.66 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.63 331.25 Td (Manager) Tj ET Q q 0 0 0 rg BT 559.44 331.25 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 306.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 82.38 306.05 Td (the ) Tj ET Q q 0 0 0 rg BT 100.59 306.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 153.03 306.05 Td (of ) Tj ET Q q 0 0 0 rg BT 165.12 306.05 Td (the ) Tj ET Q q 0 0 0 rg BT 183.33 306.05 Td (various ) Tj ET Q q 0 0 0 rg BT 221.70 306.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 282.71 306.05 Td (the ) Tj ET Q q 0 0 0 rg BT 300.92 306.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 355.20 306.05 Td (of ) Tj ET Q q 0 0 0 rg BT 367.30 306.05 Td (the ) Tj ET Q q 0 0 0 rg BT 385.31 306.05 Td (TG ) Tj ET Q q 0 0 0 rg BT 403.51 306.05 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 429.66 306.05 Td (will ) Tj ET Q q 0 0 0 rg BT 447.85 306.05 Td (terminate ) Tj ET Q q 0 0 0 rg BT 496.62 306.05 Td (on ) Tj ET Q q 0 0 0 rg BT 511.77 306.05 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 292.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 67.85 292.85 Td (2022 ) Tj ET Q q 0 0 0 rg BT 95.37 292.85 Td (unless ) Tj ET Q q 0 0 0 rg BT 130.23 292.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 185.25 292.85 Td (earlier ) Tj ET Q q 0 0 0 rg BT 218.88 292.85 Td (by ) Tj ET Q q 0 0 0 rg BT 233.55 292.85 Td (unanimous ) Tj ET Q q 0 0 0 rg BT 290.42 292.85 Td (written ) Tj ET Q q 0 0 0 rg BT 325.88 292.85 Td (consent ) Tj ET Q q 0 0 0 rg BT 367.46 292.85 Td (of ) Tj ET Q q 0 0 0 rg BT 379.69 292.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.04 292.85 Td (members. ) Tj ET Q q 0 0 0 rg BT 449.99 292.85 Td ( ) Tj ET Q q 0 0 0 rg BT 453.05 292.85 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 267.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 81.79 267.65 Td (the ) Tj ET Q q 0 0 0 rg BT 99.42 267.65 Td (various ) Tj ET Q q 0 0 0 rg BT 137.06 267.65 Td (TG ) Tj ET Q q 0 0 0 rg BT 154.67 267.65 Td (VIE ) Tj ET Q q 0 0 0 rg BT 174.73 267.65 Td (LLC ) Tj ET Q q 0 0 0 rg BT 196.78 267.65 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 258.43 267.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.78 267.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 327.91 267.65 Td (call ) Tj ET Q q 0 0 0 rg BT 346.75 267.65 Td (limitations ) Tj ET Q q 0 0 0 rg BT 397.98 267.65 Td (exist, ) Tj ET Q q 0 0 0 rg BT 425.99 267.65 Td (limiting ) Tj ET Q q 0 0 0 rg BT 462.56 267.65 Td (the ) Tj ET Q q 0 0 0 rg BT 480.18 267.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 519.21 267.65 Td (of ) Tj ET Q q 0 0 0 rg BT 530.71 267.65 Td (capital ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 254.45 Td (calls ) Tj ET Q q 0 0 0 rg BT 74.56 254.45 Td (available ) Tj ET Q q 0 0 0 rg BT 121.04 254.45 Td (if ) Tj ET Q q 0 0 0 rg BT 129.59 254.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 165.67 254.45 Td (operational ) Tj ET Q q 0 0 0 rg BT 223.15 254.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 251.88 254.45 Td (are ) Tj ET Q q 0 0 0 rg BT 270.84 254.45 Td (exceeded. ) Tj ET Q q 0 0 0 rg BT 324.66 254.45 Td ( ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 204.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 204.00 Td (6 ) Tj ET Q q 0 0 0 rg BT 92.29 204.00 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 204.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 139.95 204.00 Td (P) Tj ET Q q 0 0 0 rg BT 146.48 204.00 Td (A) Tj ET Q q 0 0 0 rg BT 153.41 204.00 Td (Y) Tj ET Q q 0 0 0 rg BT 159.74 204.00 Td (ABLE) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 178.80 Td (Line ) Tj ET Q q 0 0 0 rg BT 73.35 178.80 Td (of ) Tj ET Q q 0 0 0 rg BT 85.58 178.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 117.98 178.80 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 153.60 Td (In ) Tj ET Q q 0 0 0 rg BT 62.18 153.60 Td (June ) Tj ET Q q 0 0 0 rg BT 89.53 153.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 120.57 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.36 153.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 167.34 153.60 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 214.24 153.60 Td (with ) Tj ET Q q 0 0 0 rg BT 237.31 153.60 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 285.45 153.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 333.59 153.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 362.17 153.60 Td (\(CBB\) ) Tj ET Q q 0 0 0 rg BT 402.94 153.60 Td (was ) Tj ET Q q 0 0 0 rg BT 426.00 153.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 475.38 153.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.23 153.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 542.93 153.60 Td (with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 140.40 Td (an ) Tj ET Q q 0 0 0 rg BT 63.68 140.40 Td (Amended ) Tj ET Q q 0 0 0 rg BT 113.19 140.40 Td (and ) Tj ET Q q 0 0 0 rg BT 133.97 140.40 Td (Restated ) Tj ET Q q 0 0 0 rg BT 180.43 140.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 231.16 140.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 262.92 140.40 Td (and ) Tj ET Q q 0 0 0 rg BT 283.70 140.40 Td (Security ) Tj ET Q q 0 0 0 rg BT 325.38 140.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 381.62 140.40 Td (\(Amended ) Tj ET Q q 0 0 0 rg BT 438.46 140.40 Td (Revolver\). ) Tj ET Q q 0 0 0 rg BT 494.51 140.40 Td (The ) Tj ET Q q 0 0 0 rg BT 515.41 140.40 Td (Amended ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 127.20 Td (Revolver ) Tj ET Q q 0 0 0 rg BT 95.78 127.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 146.35 127.20 Td (the ) Tj ET Q q 0 0 0 rg BT 164.51 127.20 Td (size ) Tj ET Q q 0 0 0 rg BT 186.95 127.20 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 127.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.16 127.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 250.60 127.20 Td (to ) Tj ET Q q 0 0 0 rg BT 262.65 127.20 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 293.05 127.20 Td (million. ) Tj ET Q q 0 0 0 rg BT 330.15 127.20 Td ( ) Tj ET Q q 0 0 0 rg BT 332.84 127.20 Td (The ) Tj ET Q q 0 0 0 rg BT 354.67 127.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.61 127.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 415.44 127.20 Td (was ) Tj ET Q q 0 0 0 rg BT 437.88 127.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 482.33 127.20 Td (to ) Tj ET Q q 0 0 0 rg BT 494.38 127.20 Td (be ) Tj ET Q q 0 0 0 rg BT 509.48 127.20 Td (the ) Tj ET Q q 0 0 0 rg BT 527.65 127.20 Td (greater ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.84 114.00 Td (5.5% ) Tj ET Q q 0 0 0 rg BT 92.08 114.00 Td (per ) Tj ET Q q 0 0 0 rg BT 112.14 114.00 Td (annum ) Tj ET Q q 0 0 0 rg BT 149.94 114.00 Td (or ) Tj ET Q q 0 0 0 rg BT 163.88 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.34 114.00 Td (prime ) Tj ET Q q 0 0 0 rg BT 215.01 114.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 238.13 114.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 257.58 114.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 297.83 114.00 Td (in ) Tj ET Q q 0 0 0 rg BT 310.56 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.01 114.00 Td (agreement\) ) Tj ET Q q 0 0 0 rg BT 390.43 114.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 414.77 114.00 Td (1.0%. ) Tj ET Q q 0 0 0 rg BT 447.07 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 450.96 114.00 Td (The ) Tj ET Q q 0 0 0 rg BT 474.08 114.00 Td (maturity ) Tj ET Q q 0 0 0 rg BT 517.36 114.00 Td (date ) Tj ET Q q 0 0 0 rg BT 542.94 114.00 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 100.80 Td (modified ) Tj ET Q q 0 0 0 rg BT 94.13 100.80 Td (to ) Tj ET Q q 0 0 0 rg BT 106.36 100.80 Td (be ) Tj ET Q q 0 0 0 rg BT 121.66 100.80 Td (June ) Tj ET Q q 0 0 0 rg BT 148.56 100.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 179.15 100.80 Td (which ) Tj ET Q q 0 0 0 rg BT 210.33 100.80 Td (was ) Tj ET Q q 0 0 0 rg BT 232.94 100.80 Td (later ) Tj ET Q q 0 0 0 rg BT 257.40 100.80 Td (extended ) Tj ET Q q 0 0 0 rg BT 305.72 100.80 Td (to ) Tj ET Q q 0 0 0 rg BT 317.95 100.80 Td (September ) Tj ET Q q 0 0 0 rg BT 374.81 100.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 393.16 100.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 423.74 100.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 75.60 Td (On ) Tj ET Q q 0 0 0 rg BT 68.06 75.60 Td (September ) Tj ET Q q 0 0 0 rg BT 125.76 75.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 144.94 75.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 176.36 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.54 75.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.51 75.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.75 75.60 Td (CBB ) Tj ET Q q 0 0 0 rg BT 295.26 75.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 336.46 75.60 Td (into ) Tj ET Q q 0 0 0 rg BT 358.08 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.27 75.60 Td (Second ) Tj ET Q q 0 0 0 rg BT 417.69 75.60 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 480.89 75.60 Td (to ) Tj ET Q q 0 0 0 rg BT 493.18 75.60 Td (Amended ) Tj ET Q q 0 0 0 rg BT 544.16 75.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 62.40 Td (Restated ) Tj ET Q q 0 0 0 rg BT 97.31 62.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 149.39 62.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 182.51 62.40 Td (and ) Tj ET Q q 0 0 0 rg BT 204.64 62.40 Td (Security ) Tj ET Q q 0 0 0 rg BT 247.41 62.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 305.00 62.40 Td (and ) Tj ET Q q 0 0 0 rg BT 327.13 62.40 Td (W) Tj ET Q q 0 0 0 rg BT 337.10 62.40 Td (aiver ) Tj ET Q q 0 0 0 rg BT 364.72 62.40 Td (of ) Tj ET Q q 0 0 0 rg BT 377.68 62.40 Td (Default ) Tj ET Q q 0 0 0 rg BT 416.31 62.40 Td (\(Second ) Tj ET Q q 0 0 0 rg BT 463.97 62.40 Td (Amendment\) ) Tj ET Q q 0 0 0 rg BT 534.39 62.40 Td (which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 49.20 Td (extended ) Tj ET Q q 0 0 0 rg BT 96.87 49.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.28 49.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 155.51 49.20 Td (date ) Tj ET Q q 0 0 0 rg BT 179.03 49.20 Td (to ) Tj ET Q q 0 0 0 rg BT 190.31 49.20 Td (September ) Tj ET Q q 0 0 0 rg BT 246.23 49.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 263.63 49.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 290.21 49.20 Td (and ) Tj ET Q q 0 0 0 rg BT 310.68 49.20 Td (waived ) Tj ET Q q 0 0 0 rg BT 347.03 49.20 Td (the ) Tj ET Q q 0 0 0 rg BT 364.43 49.20 Td (default ) Tj ET Q q 0 0 0 rg BT 399.57 49.20 Td (arising ) Tj ET Q q 0 0 0 rg BT 434.09 49.20 Td (from ) Tj ET Q q 0 0 0 rg BT 458.20 49.20 Td (the ) Tj ET Q q 0 0 0 rg BT 475.60 49.20 Td (Company) Tj ET Q q 0 0 0 rg BT 524.92 49.20 Td (s ) Tj ET Q q 0 0 0 rg BT 532.54 49.20 Td (failure ) Tj ET Q endstream endobj 281 0 obj <> endobj 282 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND 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Tj ET Q q 0 0 0 rg BT 153.18 427.60 Td (million ) Tj ET Q q 0 0 0 rg BT 186.77 427.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 228.33 427.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 284.54 427.60 Td (note ) Tj ET Q q 0 0 0 rg BT 308.37 427.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 329.74 427.60 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 366.39 427.60 Td (with ) Tj ET Q q 0 0 0 rg BT 388.37 427.60 Td (a ) Tj ET Q q 0 0 0 rg BT 396.91 427.60 Td (Generator ) Tj ET Q q 0 0 0 rg BT 448.86 427.60 Td (from ) Tj ET Q q 0 0 0 rg BT 473.28 427.60 Td (which ) Tj ET Q q 0 0 0 rg BT 503.83 427.60 Td (it ) Tj ET Q q 0 0 0 rg BT 511.75 427.60 Td (purchases ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 414.40 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 100.37 414.40 Td (coal, ) Tj ET Q q 0 0 0 rg BT 127.40 414.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.54 414.40 Td (to ) Tj ET Q q 0 0 0 rg BT 162.51 414.40 Td (which ) Tj ET Q q 0 0 0 rg BT 194.42 414.40 Td (it ) Tj ET Q q 0 0 0 rg BT 203.71 414.40 Td (sells ) Tj ET Q q 0 0 0 rg BT 229.51 414.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 273.05 414.40 Td (emissions ) Tj ET Q q 0 0 0 rg BT 325.74 414.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 347.27 414.40 Td (and ) Tj ET Q q 0 0 0 rg BT 369.41 414.40 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 419.07 414.40 Td (coal ) Tj ET Q q 0 0 0 rg BT 443.04 414.40 Td (on ) Tj ET Q q 0 0 0 rg BT 459.07 414.40 Td (a ) Tj ET Q q 0 0 0 rg BT 468.98 414.40 Td (monthly ) Tj ET Q q 0 0 0 rg BT 511.28 414.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 543.56 414.40 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 401.20 Td (purpose ) Tj ET Q q 0 0 0 rg BT 91.88 401.20 Td (of ) Tj ET Q q 0 0 0 rg BT 103.67 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 121.59 401.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 147.45 401.20 Td (is ) Tj ET Q q 0 0 0 rg BT 158.01 401.20 Td (to ) Tj ET Q q 0 0 0 rg BT 169.81 401.20 Td (finance ) Tj ET Q q 0 0 0 rg BT 207.91 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.82 401.20 Td (monthly ) Tj ET Q q 0 0 0 rg BT 266.96 401.20 Td (purchases ) Tj ET Q q 0 0 0 rg BT 320.33 401.20 Td (of ) Tj ET Q q 0 0 0 rg BT 332.13 401.20 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 381.84 401.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 404.64 401.20 Td (from ) Tj ET Q q 0 0 0 rg BT 429.27 401.20 Td (the ) Tj ET Q q 0 0 0 rg BT 447.18 401.20 Td (Generator) Tj ET Q q 0 0 0 rg BT 496.10 401.20 Td (. ) Tj ET Q q 0 0 0 rg BT 501.78 401.20 Td ( ) Tj ET Q q 0 0 0 rg BT 504.23 401.20 Td (The ) Tj ET Q q 0 0 0 rg BT 525.81 401.20 Td (amount ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 62.66 388.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 107.62 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 129.96 388.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.02 388.00 Td (owed ) Tj ET Q q 0 0 0 rg BT 200.31 388.00 Td (is ) Tj ET Q q 0 0 0 rg BT 212.24 388.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 268.22 388.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 296.68 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.96 388.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 356.64 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 369.81 388.00 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 420.88 388.00 Td (coal ) Tj ET Q q 0 0 0 rg BT 445.04 388.00 Td (purchased ) Tj ET Q q 0 0 0 rg BT 500.40 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 522.74 388.00 Td (reduced ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 374.80 Td (emissions ) Tj ET Q q 0 0 0 rg BT 101.54 374.80 Td (fuel ) Tj ET Q q 0 0 0 rg BT 122.41 374.80 Td (and ) Tj ET Q q 0 0 0 rg BT 143.89 374.80 Td (unrefined ) Tj ET Q q 0 0 0 rg BT 192.90 374.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 216.21 374.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 239.52 374.80 Td (between ) Tj ET Q q 0 0 0 rg BT 284.24 374.80 Td (the ) Tj ET Q q 0 0 0 rg BT 302.67 374.80 Td (two ) Tj ET Q q 0 0 0 rg BT 322.92 374.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 359.07 374.80 Td (and ) Tj ET Q q 0 0 0 rg BT 380.56 374.80 Td (is ) Tj ET Q q 0 0 0 rg BT 391.64 374.80 Td (net ) Tj ET Q q 0 0 0 rg BT 410.06 374.80 Td (settled ) Tj ET Q q 0 0 0 rg BT 445.60 374.80 Td (on ) Tj ET Q q 0 0 0 rg BT 460.97 374.80 Td (a ) Tj ET Q q 0 0 0 rg BT 470.22 374.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 511.87 374.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 543.54 374.80 Td (The ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 361.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 75.79 361.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.79 361.60 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 154.05 361.60 Td (by ) Tj ET Q q 0 0 0 rg BT 168.72 361.60 Td (RCM6) Tj ET Q q 0 0 0 rg BT 202.14 361.60 Td (s ) Tj ET Q q 0 0 0 rg BT 210.69 361.60 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 260.83 361.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 284.07 361.60 Td (inventory) Tj ET Q q 0 0 0 rg BT 327.88 361.60 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 336.40 Td (The ) Tj ET Q q 0 0 0 rg BT 71.62 336.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 98.01 336.40 Td (bears ) Tj ET Q q 0 0 0 rg BT 128.69 336.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.93 336.40 Td (at ) Tj ET Q q 0 0 0 rg BT 180.26 336.40 Td (a ) Tj ET Q q 0 0 0 rg BT 189.54 336.40 Td (per ) Tj ET Q q 0 0 0 rg BT 208.60 336.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 245.40 336.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.52 336.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 297.59 336.40 Td (to ) Tj ET Q q 0 0 0 rg BT 309.93 336.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.38 336.40 Td (short-term ) Tj ET Q q 0 0 0 rg BT 381.66 336.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 434.36 336.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 471.16 336.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 493.27 336.40 Td (announced ) Tj ET Q q 0 0 0 rg BT 550.88 336.40 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 67.34 323.20 Td (IRS ) Tj ET Q q 0 0 0 rg BT 88.22 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 99.32 323.20 Td (December ) Tj ET Q q 0 0 0 rg BT 152.61 323.20 Td (of ) Tj ET Q q 0 0 0 rg BT 164.33 323.20 Td (each ) Tj ET Q q 0 0 0 rg BT 190.72 323.20 Td (year) Tj ET Q q 0 0 0 rg BT 211.52 323.20 Td (. ) Tj ET Q q 0 0 0 rg BT 217.12 323.20 Td ( ) Tj ET Q q 0 0 0 rg BT 219.50 323.20 Td (The ) Tj ET Q q 0 0 0 rg BT 240.99 323.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.61 323.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.11 323.20 Td (for ) Tj ET Q q 0 0 0 rg BT 316.49 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.33 323.20 Td (years ) Tj ET Q q 0 0 0 rg BT 363.77 323.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 396.90 323.20 Td (December ) Tj ET Q q 0 0 0 rg BT 450.19 323.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 468.02 323.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 495.04 323.20 Td (and ) Tj ET Q q 0 0 0 rg BT 515.94 323.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 542.95 323.20 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 310.00 Td (0.56% ) Tj ET Q q 0 0 0 rg BT 83.75 310.00 Td (and ) Tj ET Q q 0 0 0 rg BT 105.16 310.00 Td (0.34% ) Tj ET Q q 0 0 0 rg BT 139.40 310.00 Td (per ) Tj ET Q q 0 0 0 rg BT 158.36 310.00 Td (annum, ) Tj ET Q q 0 0 0 rg BT 198.10 310.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 255.36 310.00 Td (. ) Tj ET Q q 0 0 0 rg BT 261.48 310.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 301.22 310.00 Td (is ) Tj ET Q q 0 0 0 rg BT 312.22 310.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 353.80 310.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 399.66 310.00 Td (in ) Tj ET Q q 0 0 0 rg BT 411.28 310.00 Td (arrears.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 284.80 Td (All ) Tj ET Q q 0 0 0 rg BT 64.51 284.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 124.17 284.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 169.14 284.80 Td (owed ) Tj ET Q q 0 0 0 rg BT 198.22 284.80 Td (under ) Tj ET Q q 0 0 0 rg BT 229.13 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 247.21 284.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 273.22 284.80 Td (are ) Tj ET Q q 0 0 0 rg BT 291.90 284.80 Td (due ) Tj ET Q q 0 0 0 rg BT 313.04 284.80 Td (and ) Tj ET Q q 0 0 0 rg BT 334.17 284.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 375.49 284.80 Td (on ) Tj ET Q q 0 0 0 rg BT 390.50 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 408.58 284.80 Td (earlier ) Tj ET Q q 0 0 0 rg BT 441.93 284.80 Td (of ) Tj ET Q q 0 0 0 rg BT 453.88 284.80 Td (December ) Tj ET Q q 0 0 0 rg BT 507.40 284.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.48 284.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 552.73 284.80 Td (or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 66.92 271.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 123.46 271.60 Td (or ) Tj ET Q q 0 0 0 rg BT 135.36 271.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 185.18 271.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.48 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.90 271.60 Td (Feedstock ) Tj ET Q q 0 0 0 rg BT 266.77 271.60 Td (Coal ) Tj ET Q q 0 0 0 rg BT 291.52 271.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 339.69 271.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 395.62 271.60 Td (between ) Tj ET Q q 0 0 0 rg BT 439.34 271.60 Td (RCM6 ) Tj ET Q q 0 0 0 rg BT 472.63 271.60 Td (and ) Tj ET Q q 0 0 0 rg BT 493.11 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.52 271.60 Td (Generator) Tj ET Q q 0 0 0 rg BT 559.44 271.60 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 246.40 Td (As ) Tj ET Q q 0 0 0 rg BT 66.17 246.40 Td (of ) Tj ET Q q 0 0 0 rg BT 79.17 246.40 Td (December ) Tj ET Q q 0 0 0 rg BT 133.74 246.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 152.86 246.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 181.16 246.40 Td (and ) Tj ET Q q 0 0 0 rg BT 203.34 246.40 Td (2015, ) Tj ET Q q 0 0 0 rg BT 234.70 246.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 291.96 246.40 Td (, ) Tj ET Q q 0 0 0 rg BT 298.84 246.40 Td (the ) Tj ET Q q 0 0 0 rg BT 317.96 246.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 378.67 246.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 421.03 246.40 Td (on ) Tj ET Q q 0 0 0 rg BT 437.10 246.40 Td (the ) Tj ET Q q 0 0 0 rg BT 456.22 246.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 483.28 246.40 Td (was ) Tj ET Q q 0 0 0 rg BT 506.67 246.40 Td ($6,794 ) Tj ET Q q 0 0 0 rg BT 544.15 246.40 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 233.20 Td ($7,535 ) Tj ET Q q 0 0 0 rg BT 86.20 233.20 Td (with ) Tj ET Q q 0 0 0 rg BT 108.82 233.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.95 233.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 189.54 233.20 Td (of ) Tj ET Q q 0 0 0 rg BT 201.77 233.20 Td ($12 ) Tj ET Q q 0 0 0 rg BT 223.17 233.20 Td (and ) Tj ET Q q 0 0 0 rg BT 244.58 233.20 Td ($6.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 184.00 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 184.00 Td (7 ) Tj ET Q q 0 0 0 rg BT 92.29 184.00 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 184.00 Td (MEMBERS) Tj ET Q q 0 0 0 rg BT 157.68 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 160.74 184.00 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 201.49 184.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 158.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 83.19 158.80 Td (the ) Tj ET Q q 0 0 0 rg BT 102.21 158.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 133.45 158.80 Td (B ) Tj ET Q q 0 0 0 rg BT 144.52 158.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 167.81 158.80 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 217.27 158.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 274.81 158.80 Td (\(Class ) Tj ET Q q 0 0 0 rg BT 313.37 158.80 Td (B ) Tj ET Q q 0 0 0 rg BT 323.69 158.80 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 388.56 158.80 Td (with ) Tj ET Q q 0 0 0 rg BT 411.85 158.80 Td (GSFS, ) Tj ET Q q 0 0 0 rg BT 448.59 158.80 Td (which ) Tj ET Q q 0 0 0 rg BT 480.44 158.80 Td (was ) Tj ET Q q 0 0 0 rg BT 503.73 158.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 544.77 158.80 Td (into ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 145.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 76.45 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.22 145.60 Td (amendment ) Tj ET Q q 0 0 0 rg BT 154.79 145.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.62 145.60 Td (restatement ) Tj ET Q q 0 0 0 rg BT 236.18 145.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.83 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 265.44 145.60 Td (T) Tj ET Q q 0 0 0 rg BT 271.75 145.60 Td (inuum ) Tj ET Q q 0 0 0 rg BT 304.19 145.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 354.48 145.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 410.77 145.60 Td (in ) Tj ET Q q 0 0 0 rg BT 421.81 145.60 Td (201) Tj ET Q q 0 0 0 rg BT 439.35 145.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 450.51 145.60 Td (ADA) Tj ET Q q 0 0 0 rg BT 472.52 145.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.00 145.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.83 145.60 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 538.66 145.60 Td (each ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 132.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 89.12 132.40 Td (into ) Tj ET Q q 0 0 0 rg BT 109.16 132.40 Td (a ) Tj ET Q q 0 0 0 rg BT 117.59 132.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 151.69 132.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 203.54 132.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 258.44 132.40 Td (under ) Tj ET Q q 0 0 0 rg BT 288.88 132.40 Td (which ) Tj ET Q q 0 0 0 rg BT 319.32 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 336.92 132.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 372.24 132.40 Td (are ) Tj ET Q q 0 0 0 rg BT 390.45 132.40 Td (obligated ) Tj ET Q q 0 0 0 rg BT 437.41 132.40 Td (to ) Tj ET Q q 0 0 0 rg BT 448.90 132.40 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 500.75 132.40 Td (performance ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 119.20 Td (by ) Tj ET Q q 0 0 0 rg BT 63.10 119.20 Td (T) Tj ET Q q 0 0 0 rg BT 69.41 119.20 Td (inuum ) Tj ET Q q 0 0 0 rg BT 101.48 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 112.77 119.20 Td (its ) Tj ET Q q 0 0 0 rg BT 125.89 119.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 180.60 119.20 Td (to ) Tj ET Q q 0 0 0 rg BT 191.89 119.20 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 241.08 119.20 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 273.15 119.20 Td (against ) Tj ET Q q 0 0 0 rg BT 310.74 119.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.87 119.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 379.16 119.20 Td (it ) Tj ET Q q 0 0 0 rg BT 386.78 119.20 Td (may ) Tj ET Q q 0 0 0 rg BT 409.68 119.20 Td (suf) Tj ET Q q 0 0 0 rg BT 424.15 119.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 439.10 119.20 Td (as ) Tj ET Q q 0 0 0 rg BT 452.84 119.20 Td (a ) Tj ET Q q 0 0 0 rg BT 461.07 119.20 Td (result ) Tj ET Q q 0 0 0 rg BT 490.09 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.38 119.20 Td (inaccuracies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 106.00 Td (or ) Tj ET Q q 0 0 0 rg BT 63.81 106.00 Td (breach ) Tj ET Q q 0 0 0 rg BT 101.98 106.00 Td (in ) Tj ET Q q 0 0 0 rg BT 115.07 106.00 Td (representations ) Tj ET Q q 0 0 0 rg BT 195.42 106.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.30 106.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 272.98 106.00 Td (related ) Tj ET Q q 0 0 0 rg BT 311.14 106.00 Td (to ) Tj ET Q q 0 0 0 rg BT 324.85 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 344.67 106.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 376.70 106.00 Td (B ) Tj ET Q q 0 0 0 rg BT 387.67 106.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 446.01 106.00 Td (or ) Tj ET Q q 0 0 0 rg BT 460.32 106.00 Td (REF ) Tj ET Q q 0 0 0 rg BT 486.85 106.00 Td (Facilities) Tj ET Q q 0 0 0 rg BT 531.67 106.00 Td ( ) Tj ET Q q 0 0 0 rg BT 536.20 106.00 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 111.50 92.80 Td (with ) Tj ET Q q 0 0 0 rg BT 134.97 92.80 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 168.83 92.80 Td (af) Tj ET Q q 0 0 0 rg BT 177.81 92.80 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 215.18 92.80 Td (ADA) Tj ET Q q 0 0 0 rg BT 237.19 92.80 Td ( ) Tj ET Q q 0 0 0 rg BT 241.10 92.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.36 92.80 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 307.63 92.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 348.85 92.80 Td (into ) Tj ET Q q 0 0 0 rg BT 370.49 92.80 Td (a ) Tj ET Q q 0 0 0 rg BT 380.52 92.80 Td (contribution ) Tj ET Q q 0 0 0 rg BT 441.30 92.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 497.80 92.80 Td (where, ) Tj ET Q q 0 0 0 rg BT 534.73 92.80 Td (in ) Tj ET Q q 0 0 0 rg BT 547.20 92.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 79.60 Td (event ) Tj ET Q q 0 0 0 rg BT 78.85 79.60 Td (of ) Tj ET Q q 0 0 0 rg BT 90.47 79.60 Td (such ) Tj ET Q q 0 0 0 rg BT 116.15 79.60 Td (a ) Tj ET Q q 0 0 0 rg BT 124.71 79.60 Td (breach, ) Tj ET Q q 0 0 0 rg BT 163.84 79.60 Td (they ) Tj ET Q q 0 0 0 rg BT 187.07 79.60 Td (have ) Tj ET Q q 0 0 0 rg BT 213.37 79.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 250.06 79.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.68 79.60 Td (contribute ) Tj ET Q q 0 0 0 rg BT 312.43 79.60 Td (their ) Tj ET Q q 0 0 0 rg BT 336.27 79.60 Td (pro ) Tj ET Q q 0 0 0 rg BT 354.61 79.60 Td (rata ) Tj ET Q q 0 0 0 rg BT 376.01 79.60 Td (share ) Tj ET Q q 0 0 0 rg BT 405.97 79.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.59 79.60 Td (any ) Tj ET Q q 0 0 0 rg BT 437.77 79.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 482.40 79.60 Td (under ) Tj ET Q q 0 0 0 rg BT 512.98 79.60 Td (the ) Tj ET Q q 0 0 0 rg BT 530.71 79.60 Td (limited ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 66.40 Td (guarantee. ) Tj ET Q q 0 0 0 rg BT 105.16 66.40 Td ( ) Tj ET Q q 0 0 0 rg BT 108.21 66.40 Td ( ) Tj ET Q endstream endobj 283 0 obj <> endobj 284 0 obj <> stream BT /F5 11.00 Tf ET q 0 0 0 rg BT 195.95 771.50 Td (TINUUM GROUP) Tj ET Q q 0 0 0 rg BT 280.70 771.50 Td (, LLC ) Tj ET Q q 0 0 0 rg BT 310.84 771.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 163.80 758.30 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 211.27 758.30 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.07 758.30 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 372.19 758.30 Td 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ET Q q 0 0 0 rg BT 544.76 698.80 Td (any ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 685.60 Td (material ) Tj ET Q q 0 0 0 rg BT 92.23 685.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 139.86 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.55 685.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 202.66 685.60 Td (B ) Tj ET Q q 0 0 0 rg BT 212.89 685.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 270.31 685.60 Td (or ) Tj ET Q q 0 0 0 rg BT 283.47 685.60 Td (T) Tj ET Q q 0 0 0 rg BT 289.78 685.60 Td (inuum) Tj ET Q q 0 0 0 rg BT 321.98 685.60 Td (s ) Tj ET Q q 0 0 0 rg BT 331.09 685.60 Td (organizational ) Tj ET Q q 0 0 0 rg BT 403.20 685.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 460.61 685.60 Td (that ) Tj ET Q q 0 0 0 rg BT 482.57 685.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.12 685.60 Td (not ) Tj ET Q q 0 0 0 rg BT 513.03 685.60 Td (cured ) Tj ET Q q 0 0 0 rg BT 544.15 685.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 672.40 Td (that ) Tj ET Q q 0 0 0 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Q q 0 0 0 rg BT 217.28 619.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.33 619.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.92 619.60 Td (December ) Tj ET Q q 0 0 0 rg BT 299.09 619.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 317.80 619.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 345.70 619.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.47 619.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 398.42 619.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 455.68 619.60 Td (. ) Tj ET Q q 0 0 0 rg BT 462.16 619.60 Td (GSFS) Tj ET Q q 0 0 0 rg BT 494.15 619.60 Td ( ) Tj ET Q q 0 0 0 rg BT 497.57 619.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 528.50 619.60 Td (B ) Tj ET Q q 0 0 0 rg BT 539.26 619.60 Td (units ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 606.40 Td (include ) Tj ET Q q 0 0 0 rg BT 87.04 606.40 Td (a ) Tj ET Q q 0 0 0 rg BT 95.84 606.40 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 154.19 606.40 Td (15% ) Tj ET Q q 0 0 0 rg BT 178.89 606.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 214.60 606.40 Td (return ) Tj ET Q q 0 0 0 rg BT 246.02 606.40 Td 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0 0 rg BT 364.05 593.20 Td (investment, ) Tj ET Q q 0 0 0 rg BT 423.28 593.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 473.96 593.20 Td (by ) Tj ET Q q 0 0 0 rg BT 488.56 593.20 Td (the ) Tj ET Q q 0 0 0 rg BT 506.84 593.20 Td (guaranteed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 580.00 Td (return, ) Tj ET Q q 0 0 0 rg BT 84.35 580.00 Td (and ) Tj ET Q q 0 0 0 rg BT 105.76 580.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 148.56 580.00 Td (by ) Tj ET Q q 0 0 0 rg BT 163.24 580.00 Td (any ) Tj ET Q q 0 0 0 rg BT 184.03 580.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 245.78 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 258.01 580.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 284.30 580.00 Td (or ) Tj ET Q q 0 0 0 rg BT 297.14 580.00 Td (PTCs. ) Tj ET Q q 0 0 0 rg BT 330.75 580.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (The ) Tj ET Q q 0 0 0 rg BT 71.14 554.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.21 554.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 146.19 554.80 Td (and ) Tj ET Q q 0 0 0 rg BT 167.23 554.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 218.84 554.80 Td (Commission ) Tj ET Q q 0 0 0 rg BT 282.03 554.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 303.67 554.80 Td (SEC\) ) Tj ET Q q 0 0 0 rg BT 339.96 554.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 382.38 554.80 Td (conditionally ) Tj ET Q q 0 0 0 rg BT 445.60 554.80 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 506.38 554.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 538.42 554.80 Td (to ) Tj ET Q q 0 0 0 rg BT 550.27 554.80 Td (be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 97.98 541.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 136.70 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.12 541.60 Td (permanent ) Tj ET Q q 0 0 0 rg BT 204.95 541.60 Td (equity) Tj ET Q q 0 0 0 rg BT 233.49 541.60 Td (. ) Tj ET Q q 0 0 0 rg BT 239.79 541.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 285.84 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.37 541.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.98 541.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 405.02 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.44 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 435.98 541.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 486.30 541.60 Td (are ) Tj ET Q q 0 0 0 rg BT 505.44 541.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 553.33 541.60 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 528.40 Td (be ) Tj ET Q q 0 0 0 rg BT 64.39 528.40 Td (furnished ) Tj ET Q q 0 0 0 rg BT 112.31 528.40 Td (to ) Tj ET Q q 0 0 0 rg BT 124.14 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 142.09 528.40 Td (SEC ) Tj ET Q q 0 0 0 rg BT 167.37 528.40 Td (as ) Tj ET Q q 0 0 0 rg BT 181.64 528.40 Td (part ) Tj ET Q q 0 0 0 rg BT 203.26 528.40 Td (of ) Tj ET Q q 0 0 0 rg BT 215.09 528.40 Td (a ) Tj ET Q q 0 0 0 rg BT 223.87 528.40 Td (filing ) Tj ET Q q 0 0 0 rg BT 249.15 528.40 Td (by ) Tj ET Q q 0 0 0 rg BT 263.43 528.40 Td (one ) Tj ET Q q 0 0 0 rg BT 284.44 528.40 Td (of ) Tj ET Q q 0 0 0 rg BT 296.27 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 314.22 528.40 Td (Company) Tj ET Q q 0 0 0 rg BT 363.54 528.40 Td (s ) Tj ET Q q 0 0 0 rg BT 371.70 528.40 Td (Members, ) Tj ET Q q 0 0 0 rg BT 423.26 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 441.21 528.40 Td (conditionally ) Tj ET Q q 0 0 0 rg BT 504.41 528.40 Td (redeemable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 515.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 88.18 515.20 Td (has ) Tj ET Q q 0 0 0 rg BT 107.91 515.20 Td (been ) Tj ET Q q 0 0 0 rg BT 134.38 515.20 Td (classified ) Tj ET Q q 0 0 0 rg BT 181.61 515.20 Td (out ) Tj ET Q q 0 0 0 rg BT 198.90 515.20 Td (of ) Tj ET Q q 0 0 0 rg BT 210.06 515.20 Td (permanent ) Tj ET Q q 0 0 0 rg BT 264.65 515.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 295.99 515.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.34 515.20 Td (into ) Tj ET Q q 0 0 0 rg BT 336.07 515.20 Td (temporary ) Tj ET Q q 0 0 0 rg BT 387.58 515.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.92 515.20 Td (in ) Tj ET Q q 0 0 0 rg BT 429.48 515.20 Td (these ) Tj ET Q q 0 0 0 rg BT 458.38 515.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 522.14 515.20 Td (financial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 502.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 109.99 502.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 165.43 502.00 Td (, ) Tj ET Q q 0 0 0 rg BT 173.02 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.85 502.00 Td (income ) Tj ET Q q 0 0 0 rg BT 232.84 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 255.73 502.00 Td (member ) Tj ET Q q 0 0 0 rg BT 300.60 502.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 334.49 502.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 393.45 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 407.16 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.98 502.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 459.02 502.00 Td (B ) Tj ET Q q 0 0 0 rg BT 470.89 502.00 Td (Member ) Tj ET Q q 0 0 0 rg BT 515.77 502.00 Td (has ) Tj ET Q q 0 0 0 rg BT 538.04 502.00 Td (been ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 488.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 97.80 488.80 Td (and ) Tj ET Q q 0 0 0 rg BT 119.21 488.80 Td (is ) Tj ET Q q 0 0 0 rg BT 130.21 488.80 Td (separately ) Tj ET Q q 0 0 0 rg BT 184.01 488.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 236.00 488.80 Td (in ) Tj ET Q q 0 0 0 rg BT 247.61 488.80 Td (the ) Tj ET Q q 0 0 0 rg BT 265.96 488.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 330.78 488.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.20 488.80 Td (statements.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 463.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 104.94 463.60 Td (, ) Tj ET Q q 0 0 0 rg BT 112.04 463.60 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 146.04 463.60 Td (has ) Tj ET Q q 0 0 0 rg BT 167.82 463.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.88 463.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 267.02 463.60 Td (over ) Tj ET Q q 0 0 0 rg BT 292.47 463.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 323.21 463.60 Td (A) Tj ET Q q 0 0 0 rg BT 329.94 463.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.99 463.60 Td (Members ) Tj ET Q q 0 0 0 rg BT 383.88 463.60 Td (as ) Tj ET Q q 0 0 0 rg BT 399.54 463.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.77 463.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 466.35 463.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 515.65 463.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.05 463.60 Td (profit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 450.40 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 108.81 450.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 139.37 450.40 Td (B ) Tj ET Q q 0 0 0 rg BT 149.76 450.40 Td (units ) Tj ET Q q 0 0 0 rg BT 176.05 450.40 Td (have ) Tj ET Q q 0 0 0 rg BT 202.96 450.40 Td (no ) Tj ET Q q 0 0 0 rg BT 218.25 450.40 Td (further ) Tj ET Q q 0 0 0 rg BT 253.10 450.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.96 450.40 Td (call ) Tj ET Q q 0 0 0 rg BT 307.52 450.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 374.77 450.40 Td (and ) Tj ET Q q 0 0 0 rg BT 396.18 450.40 Td (have ) Tj ET Q q 0 0 0 rg BT 423.09 450.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 457.93 450.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 490.34 450.40 Td (rights.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 425.20 Td (The ) Tj ET Q q 0 0 0 rg BT 73.17 425.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.96 425.20 Td (had ) Tj ET Q q 0 0 0 rg BT 148.03 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.03 425.20 Td (following ) Tj ET Q q 0 0 0 rg BT 215.55 425.20 Td (classes ) Tj ET Q q 0 0 0 rg BT 256.94 425.20 Td (and ) Tj ET Q q 0 0 0 rg BT 280.01 425.20 Td (percentages ) Tj ET Q q 0 0 0 rg BT 345.27 425.20 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 425.20 Td (Member ) Tj ET Q q 0 0 0 rg BT 404.21 425.20 Td (units ) Tj ET Q q 0 0 0 rg BT 432.16 425.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 468.67 425.20 Td (and ) Tj ET Q q 0 0 0 rg BT 491.74 425.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 553.33 425.20 Td (at ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 412.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 412.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.17 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 170.58 412.00 Td (2015:) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 378.99 Td (Class A Units \(voting\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.90 378.99 Td (85) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 432.15 378.99 Td ( %) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 363.99 Td (Class B Units \(non-voting\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.90 363.99 Td (15) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 435.20 363.99 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 308.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 308.40 Td (8 ) Tj ET Q q 0 0 0 rg BT 92.29 308.40 Td (- ) Tj ET Q q 0 0 0 rg BT 99.01 308.40 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 146.06 308.40 Td (T) Tj ET Q q 0 0 0 rg BT 151.96 308.40 Td (AXES) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 283.20 Td (The ) Tj ET Q q 0 0 0 rg BT 72.44 283.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.51 283.20 Td (has ) Tj ET Q q 0 0 0 rg BT 145.23 283.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 188.19 283.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 246.60 283.20 Td (Standards ) Tj ET Q q 0 0 0 rg BT 300.73 283.20 Td (Update ) Tj ET Q q 0 0 0 rg BT 340.19 283.20 Td (No. ) Tj ET Q q 0 0 0 rg BT 361.29 283.20 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 405.65 283.20 Td (- ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 413.30 283.20 Td (Income ) Tj ET Q q 0 0 0 rg BT 453.36 283.20 Td (T) Tj ET Q q 0 0 0 rg BT 459.07 283.20 Td (axes) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 482.31 283.20 Td (, ) Tj ET Q q 0 0 0 rg BT 489.35 283.20 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 559.45 283.20 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 270.00 Td (commencing ) Tj ET Q q 0 0 0 rg BT 114.45 270.00 Td (with ) Tj ET Q q 0 0 0 rg BT 136.60 270.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.49 270.00 Td (year ) Tj ET Q q 0 0 0 rg BT 178.48 270.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 211.66 270.00 Td (December ) Tj ET Q q 0 0 0 rg BT 264.99 270.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.88 270.00 Td (2016. ) Tj ET Q q 0 0 0 rg BT 312.48 270.00 Td (As ) Tj ET Q q 0 0 0 rg BT 327.91 270.00 Td (such, ) Tj ET Q q 0 0 0 rg BT 356.79 270.00 Td (we ) Tj ET Q q 0 0 0 rg BT 373.45 270.00 Td (have ) Tj ET Q q 0 0 0 rg BT 399.89 270.00 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 457.51 270.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.39 270.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 518.95 270.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.22 270.00 Td (asset ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 256.80 Td (and ) Tj ET Q q 0 0 0 rg BT 70.71 256.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 106.59 256.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 153.48 256.80 Td (to ) Tj ET Q q 0 0 0 rg BT 165.51 256.80 Td (be ) Tj ET Q q 0 0 0 rg BT 180.61 256.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 232.40 256.80 Td (as ) Tj ET Q q 0 0 0 rg BT 246.87 256.80 Td (a ) Tj ET Q q 0 0 0 rg BT 255.85 256.80 Td (net ) Tj ET Q q 0 0 0 rg BT 274.00 256.80 Td (long ) Tj ET Q q 0 0 0 rg BT 297.66 256.80 Td (term ) Tj ET Q q 0 0 0 rg BT 322.52 256.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 351.68 256.80 Td (in ) Tj ET Q q 0 0 0 rg BT 363.10 256.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 404.49 256.80 Td (sheets ) Tj ET Q q 0 0 0 rg BT 439.76 256.80 Td (as ) Tj ET Q q 0 0 0 rg BT 454.24 256.80 Td (of ) Tj ET Q q 0 0 0 rg BT 466.27 256.80 Td (December ) Tj ET Q q 0 0 0 rg BT 519.88 256.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.03 256.80 Td (2016 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 243.60 Td (and ) Tj ET Q q 0 0 0 rg BT 70.19 243.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 100.04 243.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 157.31 243.60 Td (. ) Tj ET Q q 0 0 0 rg BT 162.69 243.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.88 243.60 Td (There ) Tj ET Q q 0 0 0 rg BT 195.94 243.60 Td (were ) Tj ET Q q 0 0 0 rg BT 222.12 243.60 Td (no ) Tj ET Q q 0 0 0 rg BT 236.69 243.60 Td (ef) Tj ET Q q 0 0 0 rg BT 245.66 243.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 271.22 243.60 Td (on ) Tj ET Q q 0 0 0 rg BT 285.79 243.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 339.49 243.60 Td (for ) Tj ET Q q 0 0 0 rg BT 354.66 243.60 Td (the ) Tj ET Q q 0 0 0 rg BT 372.29 243.60 Td (years ) Tj ET Q q 0 0 0 rg BT 401.52 243.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 434.44 243.60 Td (December ) Tj ET Q q 0 0 0 rg BT 487.51 243.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 505.14 243.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 535.00 243.60 Td (2015, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 230.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 98.44 230.40 Td (as ) Tj ET Q q 0 0 0 rg BT 113.11 230.40 Td (a ) Tj ET Q q 0 0 0 rg BT 122.28 230.40 Td (result ) Tj ET Q q 0 0 0 rg BT 152.24 230.40 Td (of ) Tj ET Q q 0 0 0 rg BT 164.47 230.40 Td (this ) Tj ET Q q 0 0 0 rg BT 184.64 230.40 Td (reclassification.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 205.20 Td (For ) Tj ET Q q 0 0 0 rg BT 68.82 205.20 Td (the ) Tj ET Q q 0 0 0 rg BT 86.94 205.20 Td (years ) Tj ET Q q 0 0 0 rg BT 116.66 205.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.08 205.20 Td (December ) Tj ET Q q 0 0 0 rg BT 203.64 205.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.76 205.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.11 205.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 282.46 205.20 Td (and ) Tj ET Q q 0 0 0 rg BT 303.64 205.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 333.99 205.20 Td (state ) Tj ET Q q 0 0 0 rg BT 360.66 205.20 Td (income ) Tj ET Q q 0 0 0 rg BT 398.95 205.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.45 205.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 460.86 205.20 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 504.04 205.20 Td (consisted ) Tj ET Q q 0 0 0 rg BT 553.33 205.20 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 192.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 192.00 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 166.5 m 436.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 166.5 m 494.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 166.5 m 561.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 136.5 m 436.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 122.5 m 436.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 120.5 m 436.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 136.5 m 494.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 122.5 m 494.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 120.5 m 494.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 136.5 m 561.5 136.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 122.5 m 561.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 120.5 m 561.5 120.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 395.75 170.99 Td (2016) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 454.75 170.99 Td (2015) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 517.25 170.99 Td (2014) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 52.00 155.99 Td (Current) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 383.00 155.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.75 156.04 Td (3,396) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 443.00 155.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 471.90 155.99 Td (881) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 501.00 155.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.75 156.04 Td (1,823) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 52.00 140.99 Td (Deferred) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 407.30 140.99 Td (\(971\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 472.60 140.99 Td (339) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 532.30 140.99 Td (\(397\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 52.00 125.99 Td (Total income tax expense) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 383.00 125.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 404.75 126.04 Td (2,425) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 443.00 125.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 462.75 126.04 Td (1,220) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 501.00 125.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 529.75 126.04 Td (1,426) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 95.60 Td (The ) Tj ET Q q 0 0 0 rg BT 72.33 95.60 Td (following ) Tj ET Q q 0 0 0 rg BT 119.00 95.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 174.84 95.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.00 95.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 258.41 95.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.95 95.60 Td (ef) Tj ET Q q 0 0 0 rg BT 285.93 95.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 307.53 95.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.57 95.60 Td (each ) Tj ET Q q 0 0 0 rg BT 348.30 95.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 401.08 95.60 Td (type ) Tj ET Q q 0 0 0 rg BT 425.75 95.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.79 95.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 492.18 95.60 Td (dif) Tj ET Q q 0 0 0 rg BT 503.60 95.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 544.16 95.60 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 82.40 Td (classification ) Tj ET Q q 0 0 0 rg BT 114.91 82.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 82.40 Td (net ) Tj ET Q q 0 0 0 rg BT 145.49 82.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 189.52 82.40 Td (income ) Tj ET Q q 0 0 0 rg BT 228.04 82.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 257.38 82.40 Td (as ) Tj ET Q q 0 0 0 rg BT 272.06 82.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.29 82.40 Td (December ) Tj ET Q q 0 0 0 rg BT 338.08 82.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.43 82.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 383.96 82.40 Td (and ) Tj ET Q q 0 0 0 rg BT 405.37 82.40 Td (2015:) Tj ET Q endstream endobj 285 0 obj <> endobj 286 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (141) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 704.5 m 491.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 704.5 m 560.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 674.5 m 491.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.5 m 491.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 658.5 m 491.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 674.5 m 560.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 660.5 m 560.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 658.5 m 560.5 658.5 l s BT /F5 11.00 Tf ET q 0 0 0 rg BT 446.75 708.99 Td (2016) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 515.75 708.99 Td (2015) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 693.99 Td (Deferred tax assets) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.00 693.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 459.75 694.04 Td (1,189) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 499.00 693.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 537.90 693.99 Td (240) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 678.99 Td (Deferred tax liabilities) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 476.30 679.04 Td () Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 537.40 678.99 Td (\(23\)) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 53.00 663.99 Td (Net deferred tax asset) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 430.00 663.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 459.75 664.04 Td (1,189) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 499.00 663.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 537.90 663.99 Td (217) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 634.80 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 95.05 634.80 Td (income ) Tj ET Q q 0 0 0 rg BT 133.27 634.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 162.32 634.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 195.03 634.80 Td (the ) Tj ET Q q 0 0 0 rg BT 213.08 634.80 Td (net ) Tj ET Q q 0 0 0 rg BT 231.13 634.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 248.56 634.80 Td (ef) Tj ET Q q 0 0 0 rg BT 257.54 634.80 Td (fects ) Tj ET Q q 0 0 0 rg BT 283.53 634.80 Td (of ) Tj ET Q q 0 0 0 rg BT 295.46 634.80 Td (temporary ) Tj ET Q q 0 0 0 rg BT 347.73 634.80 Td (dif) Tj ET Q q 0 0 0 rg BT 359.15 634.80 Td (ferences ) Tj ET Q q 0 0 0 rg BT 404.10 634.80 Td (between ) Tj ET Q q 0 0 0 rg BT 448.45 634.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.50 634.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 508.38 634.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.32 634.80 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 621.65 Td (non-current ) Tj ET Q q 0 0 0 rg BT 110.07 621.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 146.19 621.65 Td (and ) Tj ET Q q 0 0 0 rg BT 168.87 621.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 214.76 621.65 Td (for ) Tj ET Q q 0 0 0 rg BT 231.92 621.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.60 621.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 324.34 621.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 373.92 621.65 Td (and ) Tj ET Q q 0 0 0 rg BT 396.59 621.65 Td (the ) Tj ET Q q 0 0 0 rg BT 416.21 621.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 462.72 621.65 Td (used ) Tj ET Q q 0 0 0 rg BT 490.90 621.65 Td (for ) Tj ET Q q 0 0 0 rg BT 508.06 621.65 Td (income ) Tj ET Q q 0 0 0 rg BT 547.84 621.65 Td (tax ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 608.40 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 100.52 608.40 Td ( ) Tj ET Q q 0 0 0 rg BT 103.23 608.40 Td (Long ) Tj ET Q q 0 0 0 rg BT 130.42 608.40 Td (term ) Tj ET Q q 0 0 0 rg BT 155.13 608.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 198.81 608.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.20 608.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.70 608.40 Td (are ) Tj ET Q q 0 0 0 rg BT 269.32 608.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 322.77 608.40 Td (of ) Tj ET Q q 0 0 0 rg BT 334.66 608.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 378.34 608.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 420.80 608.40 Td (and ) Tj ET Q q 0 0 0 rg BT 441.87 608.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.87 608.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 503.56 608.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 520.94 608.40 Td (liabilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 595.20 Td (are ) Tj ET Q q 0 0 0 rg BT 67.50 595.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 122.18 595.20 Td (with ) Tj ET Q q 0 0 0 rg BT 143.84 595.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 205.87 595.20 Td (for ) Tj ET Q q 0 0 0 rg BT 220.81 595.20 Td (the ) Tj ET Q q 0 0 0 rg BT 238.20 595.20 Td (years ) Tj ET Q q 0 0 0 rg BT 267.19 595.20 Td (ending ) Tj ET Q q 0 0 0 rg BT 302.32 595.20 Td (December ) Tj ET Q q 0 0 0 rg BT 355.16 595.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 372.55 595.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 399.12 595.20 Td (and ) Tj ET Q q 0 0 0 rg BT 419.57 595.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 449.20 595.20 Td ( ) Tj ET Q q 0 0 0 rg BT 451.29 595.20 Td (No ) Tj ET Q q 0 0 0 rg BT 467.45 595.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 513.58 595.20 Td (allowance ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (was ) Tj ET Q q 0 0 0 rg BT 72.84 582.00 Td (established ) Tj ET Q q 0 0 0 rg BT 132.28 582.00 Td (as ) Tj ET Q q 0 0 0 rg BT 147.68 582.00 Td (it ) Tj ET Q q 0 0 0 rg BT 156.96 582.00 Td (is ) Tj ET Q q 0 0 0 rg BT 168.69 582.00 Td (more ) Tj ET Q q 0 0 0 rg BT 197.53 582.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 225.76 582.00 Td (than ) Tj ET Q q 0 0 0 rg BT 250.95 582.00 Td (not ) Tj ET Q q 0 0 0 rg BT 270.03 582.00 Td (that ) Tj ET Q q 0 0 0 rg BT 292.16 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.23 582.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 355.99 582.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.44 582.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 404.52 582.00 Td (will ) Tj ET Q q 0 0 0 rg BT 423.58 582.00 Td (be ) Tj ET Q q 0 0 0 rg BT 439.59 582.00 Td (realized. ) Tj ET Q q 0 0 0 rg BT 484.95 582.00 Td ( ) Tj ET Q q 0 0 0 rg BT 487.99 582.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 543.43 582.00 Td (, ) Tj ET Q q 0 0 0 rg BT 550.27 582.00 Td (no ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 568.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 85.57 568.80 Td (related ) Tj ET Q q 0 0 0 rg BT 122.26 568.80 Td (to ) Tj ET Q q 0 0 0 rg BT 134.49 568.80 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 182.79 568.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 200.52 568.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 247.00 568.80 Td (was ) Tj ET Q q 0 0 0 rg BT 269.61 568.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.08 568.80 Td (at ) Tj ET Q q 0 0 0 rg BT 328.31 568.80 Td (December ) Tj ET Q q 0 0 0 rg BT 382.11 568.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 400.46 568.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 427.98 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 449.39 568.80 Td (2015.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 72.00 519.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 105.61 519.60 Td (9 ) Tj ET Q q 0 0 0 rg BT 114.79 519.60 Td (- ) Tj ET Q q 0 0 0 rg BT 121.51 519.60 Td (RELA) Tj ET Q q 0 0 0 rg BT 150.63 519.60 Td (TED ) Tj ET Q q 0 0 0 rg BT 175.69 519.60 Td (P) Tj ET Q q 0 0 0 rg BT 182.21 519.60 Td (ARTY) Tj ET Q q 0 0 0 rg BT 211.95 519.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.01 519.60 Td (TRANSACTIONS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 494.45 Td (During ) Tj ET Q q 0 0 0 rg BT 108.87 494.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 140.87 494.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 172.87 494.45 Td (and ) Tj ET Q q 0 0 0 rg BT 195.69 494.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 227.69 494.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.45 494.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.00 494.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 343.21 494.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 394.77 494.45 Td (and ) Tj ET Q q 0 0 0 rg BT 417.60 494.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 453.86 494.45 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 521.32 494.45 Td (and ) Tj ET Q q 0 0 0 rg BT 544.14 494.45 Td (had ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 481.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 116.29 481.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 156.92 481.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 209.16 481.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 243.05 481.25 Td (distributions\) ) Tj ET Q q 0 0 0 rg BT 307.51 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.78 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.23 481.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 386.58 481.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 442.49 481.25 Td (from ) Tj ET Q q 0 0 0 rg BT 466.59 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.98 481.25 Td (following ) Tj ET Q q 0 0 0 rg BT 528.88 481.25 Td (related ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 468.05 Td (party ) Tj ET Q q 0 0 0 rg BT 99.51 468.05 Td (entities:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.75 419.29999999999995 m 361.75 419.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.75 419.29999999999995 m 426.75 419.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.75 419.29999999999995 m 491.75 419.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.75 419.29999999999995 m 556.75 419.29999999999995 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 318.10 423.92 Td (ADA) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 387.35 423.92 Td (TS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 445.10 433.92 Td (GSFS) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 438.45 423.92 Td (affiliates) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 494.55 433.92 Td (NexGen and) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 503.45 423.92 Td (affiliates) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 323.85 410.53 Td (\(a\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 388.60 410.53 Td (\(b\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 453.85 410.53 Td (\(c\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 518.60 410.53 Td (\(d\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 396.70 Td (Payable at December 31, 2016) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 299.25 396.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 396.70 Td (1,930) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 364.25 396.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 400.70 396.70 Td (3,766) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 429.25 396.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.20 396.70 Td (3) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 494.25 396.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 543.20 396.70 Td (35) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 382.70 Td (Payable at December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 382.70 Td (1,918) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 400.70 382.70 Td (3,953) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 483.20 382.70 Td (2) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 543.20 382.70 Td (31) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 353.70 Td (Receivable at December 31, 2016) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 299.25 353.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 349.25 353.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 364.25 353.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 414.25 353.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 429.25 353.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.25 353.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 494.25 353.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 544.25 353.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 339.70 Td (Receivable at December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 339.70 Td (1,529) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 414.25 339.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 465.70 339.70 Td (1,772) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 530.70 339.70 Td (1,259) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 79.25 310.70 Td (Revenues recognized during the year ended) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 296.70 Td (December 31, 2016) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 299.25 296.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 349.25 296.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 364.25 296.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 414.25 296.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 429.25 296.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 455.70 296.70 Td (112,310) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 494.25 296.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 544.25 296.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 282.70 Td (December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 282.70 Td (3,271) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 414.25 282.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 455.70 282.70 Td (132,510) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 530.70 282.70 Td (3,271) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 268.70 Td (December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 268.70 Td (3,164) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 414.25 268.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 460.70 268.70 Td (84,665) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 530.70 268.70 Td (3,164) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 79.25 239.70 Td (Expenses incurred during the year ended) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 225.70 Td (December 31, 2016) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 299.25 225.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 225.70 Td (6,124) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 364.25 225.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 400.70 225.70 Td (8,288) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 429.25 225.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.20 225.70 Td (14) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 494.25 225.70 Td ($) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 530.70 225.70 Td (1,039) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 211.70 Td (December 31, 2015) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 330.70 211.70 Td (10,643) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 395.70 211.70 Td (12,643) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.20 211.70 Td (31) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 538.20 211.70 Td (564) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 79.25 197.70 Td (December 31, 2014) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 335.70 197.70 Td (6,829) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 400.70 197.70 Td (8,746) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.25 197.70 Td () Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 538.20 197.70 Td (876) Tj ET Q BT /F1 10.00 Tf ET BT /F7 9.00 Tf ET q 0 0 0 rg BT 81.00 172.20 Td (\(a\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 92.00 172.20 Td ( ) Tj ET Q q 0 0 0 rg BT 94.18 172.20 Td ( ) Tj ET Q q 0 0 0 rg BT 95.92 172.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 113.93 172.20 Td ( ) Tj ET Q q 0 0 0 rg BT 116.11 172.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.29 172.20 Td (include ) Tj ET Q q 0 0 0 rg BT 169.99 172.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 223.70 172.20 Td (for ) Tj ET Q q 0 0 0 rg BT 236.38 172.20 Td (royalties ) Tj ET Q q 0 0 0 rg BT 272.07 172.20 Td (and ) Tj ET Q q 0 0 0 rg BT 289.26 172.20 Td (labor ) Tj ET Q q 0 0 0 rg BT 311.45 172.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 334.63 172.20 Td (related ) Tj ET Q q 0 0 0 rg BT 364.33 172.20 Td (to ) Tj ET Q q 0 0 0 rg BT 374.01 172.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.20 172.20 Td (improvements ) Tj ET Q q 0 0 0 rg BT 460.90 172.20 Td (and ) Tj ET Q q 0 0 0 rg BT 478.09 172.20 Td (other ) Tj ET Q q 0 0 0 rg BT 500.78 172.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 547.49 172.20 Td (and ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 81.00 161.45 Td (engineering ) Tj ET Q q 0 0 0 rg BT 130.54 161.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 168.55 161.45 Td ( ) Tj ET Q q 0 0 0 rg BT 171.05 161.45 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 214.08 161.45 Td (relate ) Tj ET Q q 0 0 0 rg BT 239.09 161.45 Td (to ) Tj ET Q q 0 0 0 rg BT 249.10 161.45 Td (REF ) Tj ET Q q 0 0 0 rg BT 269.60 161.45 Td (Facility ) Tj ET Q q 0 0 0 rg BT 300.10 161.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 324.11 161.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 363.64 161.45 Td (recognized.) Tj ET Q BT /F7 9.00 Tf ET q 0 0 0 rg BT 81.00 139.80 Td (\(b\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 92.49 139.80 Td ( ) Tj ET Q q 0 0 0 rg BT 94.83 139.80 Td (TS ) Tj ET Q q 0 0 0 rg BT 108.83 139.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 132.34 139.80 Td (include ) Tj ET Q q 0 0 0 rg BT 163.36 139.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 203.39 139.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 244.42 139.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 289.94 139.80 Td (with ) Tj ET Q q 0 0 0 rg BT 308.45 139.80 Td (the ) Tj ET Q q 0 0 0 rg BT 323.46 139.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 367.99 139.80 Td (of ) Tj ET Q q 0 0 0 rg BT 378.00 139.80 Td (retained ) Tj ET Q q 0 0 0 rg BT 413.02 139.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 433.52 139.80 Td (Facilities.) Tj ET Q BT /F7 9.00 Tf ET q 0 0 0 rg BT 81.00 118.20 Td (\(c\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 92.00 118.20 Td ( ) Tj ET Q q 0 0 0 rg BT 93.32 118.20 Td (GSFS ) Tj ET Q q 0 0 0 rg BT 119.15 118.20 Td (af) Tj ET Q q 0 0 0 rg BT 126.49 118.20 Td (filiates ) Tj ET Q q 0 0 0 rg BT 153.32 118.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.65 118.20 Td (include ) Tj ET Q q 0 0 0 rg BT 205.49 118.20 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 244.33 118.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 284.18 118.20 Td (at ) Tj ET Q q 0 0 0 rg BT 293.01 118.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 321.34 118.20 Td (REF ) Tj ET Q q 0 0 0 rg BT 340.66 118.20 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 379.49 118.20 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 421.34 118.20 Td (relate ) Tj ET Q q 0 0 0 rg BT 445.18 118.20 Td (to ) Tj ET Q q 0 0 0 rg BT 454.01 118.20 Td (REF ) Tj ET Q q 0 0 0 rg BT 473.33 118.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 502.65 118.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 525.49 118.20 Td (revenues ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 81.00 107.40 Td (recognized.) Tj ET Q BT /F7 9.00 Tf ET q 0 0 0 rg BT 81.00 85.80 Td (\(d\)) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 92.49 85.80 Td ( ) Tj ET Q q 0 0 0 rg BT 94.99 85.80 Td (NexGen ) Tj ET Q q 0 0 0 rg BT 130.51 85.80 Td (and ) Tj ET Q q 0 0 0 rg BT 148.03 85.80 Td (af) Tj ET Q q 0 0 0 rg BT 155.37 85.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 183.38 85.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.89 85.80 Td (include ) Tj ET Q q 0 0 0 rg BT 237.91 85.80 Td (management ) Tj ET Q q 0 0 0 rg BT 292.94 85.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 314.95 85.80 Td (rent ) Tj ET Q q 0 0 0 rg BT 332.96 85.80 Td (and ) Tj ET Q q 0 0 0 rg BT 350.48 85.80 Td (labor ) Tj ET Q q 0 0 0 rg BT 372.99 85.80 Td (costs. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 61.80 Td (The ) Tj ET Q q 0 0 0 rg BT 93.95 61.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.03 61.80 Td (acquires ) Tj ET Q q 0 0 0 rg BT 188.60 61.80 Td (substantial ) Tj ET Q q 0 0 0 rg BT 244.19 61.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 289.38 61.80 Td (of ) Tj ET Q q 0 0 0 rg BT 301.55 61.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 327.78 61.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.57 61.80 Td (from ) Tj ET Q q 0 0 0 rg BT 387.38 61.80 Td (TS. ) Tj ET Q q 0 0 0 rg BT 407.49 61.80 Td ( ) Tj ET Q q 0 0 0 rg BT 410.48 61.80 Td (For ) Tj ET Q q 0 0 0 rg BT 429.98 61.80 Td (the ) Tj ET Q q 0 0 0 rg BT 448.27 61.80 Td (years ) Tj ET Q q 0 0 0 rg BT 478.17 61.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 511.76 61.80 Td (December ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 48.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 89.94 48.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 117.07 48.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.08 48.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 165.20 48.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.14 48.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.88 48.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 277.72 48.60 Td ($2,846 ) Tj ET Q q 0 0 0 rg BT 314.02 48.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.03 48.60 Td ($28,168, ) Tj ET Q q 0 0 0 rg BT 380.50 48.60 Td ( ) Tj ET Q q 0 0 0 rg BT 383.15 48.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 440.41 48.60 Td (, ) Tj ET Q q 0 0 0 rg BT 446.12 48.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.95 48.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 492.40 48.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 526.85 48.60 Td (from ) Tj ET Q q 0 0 0 rg BT 551.50 48.60 Td (its ) Tj ET Q endstream endobj 287 0 obj <> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (142) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 739.00 Td (related ) Tj ET Q q 0 0 0 rg BT 108.69 739.00 Td (party ) Tj ET Q q 0 0 0 rg BT 136.00 739.00 Td (TS. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 688.60 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 688.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 98.40 688.60 Td (- ) Tj ET Q q 0 0 0 rg BT 105.12 688.60 Td (COMMITMENTS) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 663.40 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 99.03 663.40 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 169.93 663.40 Td (-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 638.20 Td (On ) Tj ET Q q 0 0 0 rg BT 67.56 638.20 Td (November ) Tj ET Q q 0 0 0 rg BT 121.68 638.20 Td (3, ) Tj ET Q q 0 0 0 rg BT 134.24 638.20 Td (201) Tj ET Q q 0 0 0 rg BT 151.77 638.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 164.11 638.20 Td (T) Tj ET Q q 0 0 0 rg BT 170.42 638.20 Td (inuum ) Tj ET Q q 0 0 0 rg BT 203.76 638.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 244.45 638.20 Td (into ) Tj ET Q q 0 0 0 rg BT 265.57 638.20 Td (a ) Tj ET Q q 0 0 0 rg BT 275.07 638.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 331.66 638.20 Td (licensing ) Tj ET Q q 0 0 0 rg BT 377.85 638.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 433.82 638.20 Td (with ) Tj ET Q q 0 0 0 rg BT 456.09 638.20 Td (ADA) Tj ET Q q 0 0 0 rg BT 478.10 638.20 Td ( ) Tj ET Q q 0 0 0 rg BT 481.48 638.20 Td (whereby ) Tj ET Q q 0 0 0 rg BT 526.23 638.20 Td (T) Tj ET Q q 0 0 0 rg BT 532.54 638.20 Td (inuum ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 625.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 88.25 625.00 Td (to ) Tj ET Q q 0 0 0 rg BT 101.93 625.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 123.27 625.00 Td (ADA) Tj ET Q q 0 0 0 rg BT 145.28 625.00 Td ( ) Tj ET Q q 0 0 0 rg BT 149.78 625.00 Td (royalties ) Tj ET Q q 0 0 0 rg BT 195.24 625.00 Td (based ) Tj ET Q q 0 0 0 rg BT 229.71 625.00 Td (on ) Tj ET Q q 0 0 0 rg BT 246.45 625.00 Td (a ) Tj ET Q q 0 0 0 rg BT 257.07 625.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 316.61 625.00 Td (of ) Tj ET Q q 0 0 0 rg BT 330.28 625.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 380.65 625.00 Td (income ) Tj ET Q q 0 0 0 rg BT 420.61 625.00 Td (from ) Tj ET Q q 0 0 0 rg BT 447.11 625.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 491.37 625.00 Td (emissions ) Tj ET Q q 0 0 0 rg BT 544.77 625.00 Td (fuel ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 611.80 Td (production ) Tj ET Q q 0 0 0 rg BT 106.56 611.80 Td (at ) Tj ET Q q 0 0 0 rg BT 121.42 611.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 149.11 611.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 197.58 611.80 Td (that ) Tj ET Q q 0 0 0 rg BT 221.62 611.80 Td (utilize ) Tj ET Q q 0 0 0 rg BT 255.43 611.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.41 611.80 Td (M-45 ) Tj ET Q q 0 0 0 rg BT 318.16 611.80 Td (technology) Tj ET Q q 0 0 0 rg BT 370.55 611.80 Td (. ) Tj ET Q q 0 0 0 rg BT 378.92 611.80 Td (The ) Tj ET Q q 0 0 0 rg BT 403.57 611.80 Td (licensing ) Tj ET Q q 0 0 0 rg BT 452.06 611.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 510.34 611.80 Td (required ) Tj ET Q q 0 0 0 rg BT 556.38 611.80 Td (a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 598.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 110.28 598.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.15 598.60 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 152.36 598.60 Td (million ) Tj ET Q q 0 0 0 rg BT 186.23 598.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 213.39 598.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.38 598.60 Td (achievement ) Tj ET Q q 0 0 0 rg BT 296.44 598.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.30 598.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 344.01 598.60 Td (milestones. ) Tj ET Q q 0 0 0 rg BT 402.34 598.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.49 598.60 Td (As ) Tj ET Q q 0 0 0 rg BT 420.02 598.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.89 598.60 Td (December ) Tj ET Q q 0 0 0 rg BT 485.32 598.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 503.30 598.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 533.52 598.60 Td (all ) Tj ET Q q 0 0 0 rg BT 547.22 598.60 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (milestones ) Tj ET Q q 0 0 0 rg BT 105.38 585.40 Td (had ) Tj ET Q q 0 0 0 rg BT 127.03 585.40 Td (been ) Tj ET Q q 0 0 0 rg BT 154.80 585.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 218.63 585.40 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 269.02 585.40 Td ( ) Tj ET Q q 0 0 0 rg BT 272.10 585.40 Td (T) Tj ET Q q 0 0 0 rg BT 278.41 585.40 Td (inuum ) Tj ET Q q 0 0 0 rg BT 311.67 585.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 335.77 585.40 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 360.48 585.40 Td (million ) Tj ET Q q 0 0 0 rg BT 394.95 585.40 Td (to ) Tj ET Q q 0 0 0 rg BT 406.77 585.40 Td (ADA) Tj ET Q q 0 0 0 rg BT 428.78 585.40 Td ( ) Tj ET Q q 0 0 0 rg BT 432.08 585.40 Td (in ) Tj ET Q q 0 0 0 rg BT 443.94 585.40 Td (201) Tj ET Q q 0 0 0 rg BT 461.48 585.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 473.95 585.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.60 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.19 585.40 Td (remaining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 572.20 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 73.86 572.20 Td (million ) Tj ET Q q 0 0 0 rg BT 107.99 572.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 131.12 572.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 173.21 572.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.23 572.20 Td (of ) Tj ET Q q 0 0 0 rg BT 224.36 572.20 Td ($189 ) Tj ET Q q 0 0 0 rg BT 251.78 572.20 Td (in ) Tj ET Q q 0 0 0 rg BT 263.30 572.20 Td (March ) Tj ET Q q 0 0 0 rg BT 296.81 572.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 327.10 572.20 Td (These ) Tj ET Q q 0 0 0 rg BT 360.63 572.20 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 400.28 572.20 Td (royalties ) Tj ET Q q 0 0 0 rg BT 444.19 572.20 Td (were ) Tj ET Q q 0 0 0 rg BT 470.98 572.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 509.41 572.20 Td (to ) Tj ET Q q 0 0 0 rg BT 521.54 572.20 Td (royalties ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 559.00 Td (due ) Tj ET Q q 0 0 0 rg BT 70.29 559.00 Td (to ) Tj ET Q q 0 0 0 rg BT 81.41 559.00 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 109.52 559.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.52 559.00 Td (lieu ) Tj ET Q q 0 0 0 rg BT 140.08 559.00 Td (of ) Tj ET Q q 0 0 0 rg BT 151.69 559.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.36 559.00 Td (payment, ) Tj ET Q q 0 0 0 rg BT 225.04 559.00 Td (in ) Tj ET Q q 0 0 0 rg BT 236.04 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.77 559.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 305.73 559.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.34 559.00 Td (66.67% ) Tj ET Q q 0 0 0 rg BT 357.09 559.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 382.76 559.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 427.38 559.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.17 559.00 Td (33.33% ) Tj ET Q q 0 0 0 rg BT 487.91 559.00 Td (to ) Tj ET Q q 0 0 0 rg BT 499.52 559.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.25 559.00 Td (reduction ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (of ) Tj ET Q q 0 0 0 rg BT 62.07 545.80 Td (the ) Tj ET Q q 0 0 0 rg BT 80.76 545.80 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 120.85 545.80 Td (royalty ) Tj ET Q q 0 0 0 rg BT 156.65 545.80 Td (balance. ) Tj ET Q q 0 0 0 rg BT 201.63 545.80 Td (During ) Tj ET Q q 0 0 0 rg BT 237.43 545.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 265.30 545.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.99 545.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 335.68 545.80 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 375.78 545.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 417.70 545.80 Td (of ) Tj ET Q q 0 0 0 rg BT 430.27 545.80 Td ($1,442 ) Tj ET Q q 0 0 0 rg BT 467.32 545.80 Td (was ) Tj ET Q q 0 0 0 rg BT 490.27 545.80 Td (returned ) Tj ET Q q 0 0 0 rg BT 534.64 545.80 Td (to ) Tj ET Q q 0 0 0 rg BT 547.21 545.80 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 532.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 99.34 532.60 Td (by ) Tj ET Q q 0 0 0 rg BT 113.18 532.60 Td (ADA, ) Tj ET Q q 0 0 0 rg BT 141.62 532.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 186.58 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.63 532.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 244.09 532.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 285.39 532.60 Td (to ) Tj ET Q q 0 0 0 rg BT 297.33 532.60 Td (zero. ) Tj ET Q q 0 0 0 rg BT 324.55 532.60 Td (Royalties ) Tj ET Q q 0 0 0 rg BT 372.55 532.60 Td (due ) Tj ET Q q 0 0 0 rg BT 393.67 532.60 Td (in ) Tj ET Q q 0 0 0 rg BT 405.00 532.60 Td (future ) Tj ET Q q 0 0 0 rg BT 435.89 532.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 474.74 532.60 Td (will ) Tj ET Q q 0 0 0 rg BT 492.78 532.60 Td (be ) Tj ET Q q 0 0 0 rg BT 507.78 532.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 549.68 532.60 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 519.40 Td (and ) Tj ET Q q 0 0 0 rg BT 70.80 519.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 94.55 519.40 Td (in ) Tj ET Q q 0 0 0 rg BT 106.07 519.40 Td (cash. ) Tj ET Q q 0 0 0 rg BT 135.31 519.40 Td (During ) Tj ET Q q 0 0 0 rg BT 170.67 519.40 Td (the ) Tj ET Q q 0 0 0 rg BT 188.91 519.40 Td (years ) Tj ET Q q 0 0 0 rg BT 218.76 519.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.30 519.40 Td (December ) Tj ET Q q 0 0 0 rg BT 305.99 519.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 324.23 519.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 354.71 519.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 382.13 519.40 Td (and ) Tj ET Q q 0 0 0 rg BT 403.44 519.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 433.92 519.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 491.18 519.40 Td (, ) Tj ET Q q 0 0 0 rg BT 497.19 519.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 519.40 Td (Company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 506.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 86.60 506.20 Td ($3,052, ) Tj ET Q q 0 0 0 rg BT 124.93 506.20 Td ($3,539, ) Tj ET Q q 0 0 0 rg BT 163.25 506.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.23 506.20 Td ($2,135 ) Tj ET Q q 0 0 0 rg BT 218.50 506.20 Td (of ) Tj ET Q q 0 0 0 rg BT 229.30 506.20 Td (the ) Tj ET Q q 0 0 0 rg BT 246.22 506.20 Td (royalty ) Tj ET Q q 0 0 0 rg BT 280.24 506.20 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 345.45 506.20 Td (and ) Tj ET Q q 0 0 0 rg BT 365.43 506.20 Td (included ) Tj ET Q q 0 0 0 rg BT 408.03 506.20 Td (such ) Tj ET Q q 0 0 0 rg BT 432.89 506.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 476.71 506.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.89 506.20 Td (royalty ) Tj ET Q q 0 0 0 rg BT 520.92 506.20 Td (expense ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 493.00 Td (under ) Tj ET Q q 0 0 0 rg BT 80.69 493.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 103.92 493.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.15 493.00 Td (sales.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 467.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.51 467.80 Td (December ) Tj ET Q q 0 0 0 rg BT 115.09 467.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 142.40 467.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.52 467.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.44 467.80 Td (was ) Tj ET Q q 0 0 0 rg BT 232.84 467.80 Td (assigned ) Tj ET Q q 0 0 0 rg BT 279.71 467.80 Td (by ) Tj ET Q q 0 0 0 rg BT 293.98 467.80 Td (TS ) Tj ET Q q 0 0 0 rg BT 310.87 467.80 Td (a ) Tj ET Q q 0 0 0 rg BT 319.82 467.80 Td (Master ) Tj ET Q q 0 0 0 rg BT 356.28 467.80 Td (Supply ) Tj ET Q q 0 0 0 rg BT 392.19 467.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 448.83 467.80 Td (with ) Tj ET Q q 0 0 0 rg BT 471.23 467.80 Td (a ) Tj ET Q q 0 0 0 rg BT 480.18 467.80 Td (chemical ) Tj ET Q q 0 0 0 rg BT 526.42 467.80 Td (vendor) Tj ET Q q 0 0 0 rg BT 559.45 467.80 Td (. ) Tj ET Q q 0 0 0 rg BT 565.56 467.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 454.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 81.69 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.21 454.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 154.03 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.55 454.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.86 454.60 Td (has ) Tj ET Q q 0 0 0 rg BT 240.82 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 249.17 454.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 311.30 454.60 Td (commencing ) Tj ET Q q 0 0 0 rg BT 375.88 454.60 Td (January ) Tj ET Q q 0 0 0 rg BT 417.25 454.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 428.65 454.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 455.35 454.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.42 454.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 517.26 454.60 Td (purchase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 441.40 Td (quantities ) Tj ET Q q 0 0 0 rg BT 99.68 441.40 Td (of ) Tj ET Q q 0 0 0 rg BT 111.95 441.40 Td (the ) Tj ET Q q 0 0 0 rg BT 130.34 441.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 176.85 441.40 Td (chemical ) Tj ET Q q 0 0 0 rg BT 223.35 441.40 Td (that ) Tj ET Q q 0 0 0 rg BT 244.79 441.40 Td (if ) Tj ET Q q 0 0 0 rg BT 253.38 441.40 Td (not ) Tj ET Q q 0 0 0 rg BT 271.77 441.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 318.90 441.40 Td (require ) Tj ET Q q 0 0 0 rg BT 356.23 441.40 Td (a ) Tj ET Q q 0 0 0 rg BT 365.44 441.40 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 407.05 441.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 452.34 441.40 Td ( ) Tj ET Q q 0 0 0 rg BT 455.43 441.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 495.22 441.40 Td (\(Shortfall\) ) Tj ET Q q 0 0 0 rg BT 553.32 441.40 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 428.20 Td (be ) Tj ET Q q 0 0 0 rg BT 63.72 428.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 86.50 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 97.65 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.93 428.20 Td (vendor ) Tj ET Q q 0 0 0 rg BT 150.54 428.20 Td (on ) Tj ET Q q 0 0 0 rg BT 164.76 428.20 Td (a ) Tj ET Q q 0 0 0 rg BT 172.86 428.20 Td (monthly ) Tj ET Q q 0 0 0 rg BT 213.36 428.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 244.07 428.20 Td ( ) Tj ET Q q 0 0 0 rg BT 245.66 428.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 266.60 428.20 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 308.93 428.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 353.10 428.20 Td (required ) Tj ET Q q 0 0 0 rg BT 395.45 428.20 Td (would ) Tj ET Q q 0 0 0 rg BT 426.17 428.20 Td (be ) Tj ET Q q 0 0 0 rg BT 440.39 428.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 477.84 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 489.00 428.20 Td (future ) Tj ET Q q 0 0 0 rg BT 519.11 428.20 Td (chemical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 415.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 103.04 415.00 Td (once ) Tj ET Q q 0 0 0 rg BT 129.69 415.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 165.49 415.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 212.90 415.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 251.15 415.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 282.06 415.00 Td (are ) Tj ET Q q 0 0 0 rg BT 300.75 415.00 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 350.63 415.00 Td ( ) Tj ET Q q 0 0 0 rg BT 353.42 415.00 Td (Each ) Tj ET Q q 0 0 0 rg BT 381.28 415.00 Td (renewal ) Tj ET Q q 0 0 0 rg BT 422.59 415.00 Td (term ) Tj ET Q q 0 0 0 rg BT 447.38 415.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 472.18 415.00 Td (to ) Tj ET Q q 0 0 0 rg BT 484.14 415.00 Td (January ) Tj ET Q q 0 0 0 rg BT 526.07 415.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 538.03 415.00 Td (2017 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 401.80 Td (also ) Tj ET Q q 0 0 0 rg BT 71.74 401.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 113.55 401.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 160.22 401.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 207.54 401.80 Td (volumes ) Tj ET Q q 0 0 0 rg BT 250.56 401.80 Td (and ) Tj ET Q q 0 0 0 rg BT 270.98 401.80 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 313.40 401.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 363.15 401.80 Td (that ) Tj ET Q q 0 0 0 rg BT 383.56 401.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 420.49 401.80 Td (over ) Tj ET Q q 0 0 0 rg BT 443.95 401.80 Td (time. ) Tj ET Q q 0 0 0 rg BT 469.85 401.80 Td ( ) Tj ET Q q 0 0 0 rg BT 471.91 401.80 Td (In ) Tj ET Q q 0 0 0 rg BT 483.15 401.80 Td (the ) Tj ET Q q 0 0 0 rg BT 500.51 401.80 Td (years ) Tj ET Q q 0 0 0 rg BT 529.47 401.80 Td (ending ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 388.60 Td (December ) Tj ET Q q 0 0 0 rg BT 103.35 388.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.75 388.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 149.32 388.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.78 388.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 201.42 388.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 258.68 388.60 Td (, ) Tj ET Q q 0 0 0 rg BT 264.84 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.24 388.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.42 388.60 Td (has ) Tj ET Q q 0 0 0 rg BT 354.27 388.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 378.17 388.60 Td ($2,273 ) Tj ET Q q 0 0 0 rg BT 414.92 388.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.38 388.60 Td ($13,675 ) Tj ET Q q 0 0 0 rg BT 479.25 388.60 Td (under ) Tj ET Q q 0 0 0 rg BT 510.49 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.89 388.60 Td (Master ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 375.40 Td (Supply ) Tj ET Q q 0 0 0 rg BT 84.77 375.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 140.61 375.40 Td (and ) Tj ET Q q 0 0 0 rg BT 161.00 375.40 Td (has ) Tj ET Q q 0 0 0 rg BT 180.77 375.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 226.22 375.40 Td (these ) Tj ET Q q 0 0 0 rg BT 255.16 375.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 299.39 375.40 Td (as ) Tj ET Q q 0 0 0 rg BT 313.04 375.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 361.54 375.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 391.08 375.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.91 375.40 Td (on ) Tj ET Q q 0 0 0 rg BT 439.18 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 456.51 375.40 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 522.76 375.40 Td (Balance ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 362.20 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 90.79 362.20 Td ( ) Tj ET Q q 0 0 0 rg BT 94.77 362.20 Td (During ) Tj ET Q q 0 0 0 rg BT 131.16 362.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 159.61 362.20 Td (the ) Tj ET Q q 0 0 0 rg BT 178.89 362.20 Td (Master ) Tj ET Q q 0 0 0 rg BT 216.49 362.20 Td (Supply ) Tj ET Q q 0 0 0 rg BT 253.32 362.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 311.11 362.20 Td (was ) Tj ET Q q 0 0 0 rg BT 334.66 362.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 384.51 362.20 Td (and ) Tj ET Q q 0 0 0 rg BT 406.85 362.20 Td (the ) Tj ET Q q 0 0 0 rg BT 426.12 362.20 Td (required ) Tj ET Q q 0 0 0 rg BT 470.47 362.20 Td (Shortfall ) Tj ET Q q 0 0 0 rg BT 514.80 362.20 Td (payments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 349.00 Td (were ) Tj ET Q q 0 0 0 rg BT 75.71 349.00 Td (suspended. ) Tj ET Q q 0 0 0 rg BT 134.97 349.00 Td ( ) Tj ET Q q 0 0 0 rg BT 136.87 349.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 192.31 349.00 Td (, ) Tj ET Q q 0 0 0 rg BT 197.74 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.40 349.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.85 349.00 Td (was ) Tj ET Q q 0 0 0 rg BT 286.79 349.00 Td (able ) Tj ET Q q 0 0 0 rg BT 309.96 349.00 Td (to ) Tj ET Q q 0 0 0 rg BT 321.50 349.00 Td (utilize ) Tj ET Q q 0 0 0 rg BT 352.00 349.00 Td (some ) Tj ET Q q 0 0 0 rg BT 381.27 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 392.81 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 410.48 349.00 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 461.76 349.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.48 349.00 Td (therefore ) Tj ET Q q 0 0 0 rg BT 528.88 349.00 Td (reduce ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 335.80 Td (the ) Tj ET Q q 0 0 0 rg BT 67.85 335.80 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 107.60 335.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 149.19 335.80 Td (by ) Tj ET Q q 0 0 0 rg BT 163.86 335.80 Td ($2,040.) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 310.60 Td (401k ) Tj ET Q q 0 0 0 rg BT 76.41 310.60 Td (Profit ) Tj ET Q q 0 0 0 rg BT 105.14 310.60 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 146.11 310.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 171.18 310.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.59 310.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 223.16 310.60 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 265.96 310.60 Td (- ) Tj ET Q q 0 0 0 rg BT 272.68 310.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 285.40 Td (The ) Tj ET Q q 0 0 0 rg BT 71.52 285.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.67 285.40 Td (of) Tj ET Q q 0 0 0 rg BT 130.64 285.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 152.05 285.40 Td (a ) Tj ET Q q 0 0 0 rg BT 161.23 285.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 200.39 285.40 Td (contribution ) Tj ET Q q 0 0 0 rg BT 260.33 285.40 Td (and ) Tj ET Q q 0 0 0 rg BT 281.75 285.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 309.27 285.40 Td (sharing ) Tj ET Q q 0 0 0 rg BT 348.42 285.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 372.28 285.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 394.30 285.40 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 430.38 285.40 Td (to ) Tj ET Q q 0 0 0 rg BT 442.62 285.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 498.88 285.40 Td (who ) Tj ET Q q 0 0 0 rg BT 522.13 285.40 Td (are ) Tj ET Q q 0 0 0 rg BT 541.09 285.40 Td (over ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 272.20 Td (18 ) Tj ET Q q 0 0 0 rg BT 64.50 272.20 Td (years ) Tj ET Q q 0 0 0 rg BT 94.16 272.20 Td (of ) Tj ET Q q 0 0 0 rg BT 106.10 272.20 Td (age ) Tj ET Q q 0 0 0 rg BT 127.22 272.20 Td (and ) Tj ET Q q 0 0 0 rg BT 148.34 272.20 Td (have ) Tj ET Q q 0 0 0 rg BT 174.96 272.20 Td (been ) Tj ET Q q 0 0 0 rg BT 202.19 272.20 Td (employed ) Tj ET Q q 0 0 0 rg BT 252.65 272.20 Td (by ) Tj ET Q q 0 0 0 rg BT 267.04 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 285.09 272.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.94 272.20 Td (for ) Tj ET Q q 0 0 0 rg BT 350.54 272.20 Td (more ) Tj ET Q q 0 0 0 rg BT 378.36 272.20 Td (than ) Tj ET Q q 0 0 0 rg BT 402.54 272.20 Td (30 ) Tj ET Q q 0 0 0 rg BT 417.54 272.20 Td (days. ) Tj ET Q q 0 0 0 rg BT 446.60 272.20 Td ( ) Tj ET Q q 0 0 0 rg BT 449.36 272.20 Td (Employees ) Tj ET Q q 0 0 0 rg BT 506.54 272.20 Td (can ) Tj ET Q q 0 0 0 rg BT 527.04 272.20 Td (deposit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 259.00 Td (up ) Tj ET Q q 0 0 0 rg BT 66.26 259.00 Td (to ) Tj ET Q q 0 0 0 rg BT 79.95 259.00 Td (80% ) Tj ET Q q 0 0 0 rg BT 106.49 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.18 259.00 Td (their ) Tj ET Q q 0 0 0 rg BT 146.10 259.00 Td (eligible ) Tj ET Q q 0 0 0 rg BT 184.86 259.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 207.12 259.00 Td (up ) Tj ET Q q 0 0 0 rg BT 223.87 259.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.57 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 257.38 259.00 Td (statutory ) Tj ET Q q 0 0 0 rg BT 304.08 259.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 328.16 259.00 Td (in ) Tj ET Q q 0 0 0 rg BT 341.24 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 361.05 259.00 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 390.35 259.00 Td (The ) Tj ET Q q 0 0 0 rg BT 413.82 259.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.42 259.00 Td (contributes ) Tj ET Q q 0 0 0 rg BT 523.75 259.00 Td (3.0% ) Tj ET Q q 0 0 0 rg BT 553.34 259.00 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 245.80 Td (employees) Tj ET Q q 0 0 0 rg BT 104.73 245.80 Td ( ) Tj ET Q q 0 0 0 rg BT 107.12 245.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 143.75 245.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 163.88 245.80 Td (to ) Tj ET Q q 0 0 0 rg BT 175.44 245.80 Td (the ) Tj ET Q q 0 0 0 rg BT 193.12 245.80 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 220.58 245.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.04 245.80 Td (contributions ) Tj ET Q q 0 0 0 rg BT 334.80 245.80 Td (charged ) Tj ET Q q 0 0 0 rg BT 376.94 245.80 Td (to ) Tj ET Q q 0 0 0 rg BT 388.50 245.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 429.41 245.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.39 245.80 Td (were ) Tj ET Q q 0 0 0 rg BT 499.62 245.80 Td ($99, ) Tj ET Q q 0 0 0 rg BT 523.42 245.80 Td ($90 ) Tj ET Q q 0 0 0 rg BT 544.16 245.80 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 232.60 Td ($165 ) Tj ET Q q 0 0 0 rg BT 77.03 232.60 Td (for ) Tj ET Q q 0 0 0 rg BT 92.92 232.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.27 232.60 Td (years ) Tj ET Q q 0 0 0 rg BT 141.22 232.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.87 232.60 Td (December ) Tj ET Q q 0 0 0 rg BT 228.66 232.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.01 232.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 277.59 232.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 305.12 232.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.53 232.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 357.11 232.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 414.37 232.60 Td (. ) Tj ET Q q 0 0 0 rg BT 420.49 232.60 Td ( ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 49.50 207.40 Td (Office ) Tj ET Q q 0 0 0 rg BT 81.29 207.40 Td (Lease ) Tj ET Q q 0 0 0 rg BT 114.31 207.40 Td (- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 182.20 Td (During ) Tj ET Q q 0 0 0 rg BT 84.62 182.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 114.86 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.86 182.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.65 182.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 222.67 182.20 Td (into ) Tj ET Q q 0 0 0 rg BT 243.12 182.20 Td (a ) Tj ET Q q 0 0 0 rg BT 251.95 182.20 Td (sub-lease ) Tj ET Q q 0 0 0 rg BT 302.36 182.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.66 182.20 Td (for ) Tj ET Q q 0 0 0 rg BT 373.21 182.20 Td (of) Tj ET Q q 0 0 0 rg BT 382.19 182.20 Td (fice ) Tj ET Q q 0 0 0 rg BT 402.02 182.20 Td (space. ) Tj ET Q q 0 0 0 rg BT 436.96 182.20 Td (The ) Tj ET Q q 0 0 0 rg BT 458.63 182.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 487.64 182.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 542.94 182.20 Td (was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (with ) Tj ET Q q 0 0 0 rg BT 71.79 169.00 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 120.38 169.00 Td (an ) Tj ET Q q 0 0 0 rg BT 135.35 169.00 Td (entity ) Tj ET Q q 0 0 0 rg BT 164.37 169.00 Td (related ) Tj ET Q q 0 0 0 rg BT 200.74 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 212.64 169.00 Td (NexGen. ) Tj ET Q q 0 0 0 rg BT 258.78 169.00 Td (Rent ) Tj ET Q q 0 0 0 rg BT 284.75 169.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 329.07 169.00 Td (for ) Tj ET Q q 0 0 0 rg BT 344.63 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.66 169.00 Td (year ) Tj ET Q q 0 0 0 rg BT 386.79 169.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.10 169.00 Td (December ) Tj ET Q q 0 0 0 rg BT 473.58 169.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 491.60 169.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 518.80 169.00 Td (was ) Tj ET Q q 0 0 0 rg BT 541.09 169.00 Td ($16. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 143.80 Td (In ) Tj ET Q q 0 0 0 rg BT 61.73 143.80 Td (March ) Tj ET Q q 0 0 0 rg BT 95.34 143.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.93 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.27 143.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.40 143.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 249.43 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.78 143.80 Td (sub-lease ) Tj ET Q q 0 0 0 rg BT 318.53 143.80 Td (with ) Tj ET Q q 0 0 0 rg BT 341.14 143.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 387.00 143.80 Td (and ) Tj ET Q q 0 0 0 rg BT 408.41 143.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 448.77 143.80 Td (into ) Tj ET Q q 0 0 0 rg BT 469.56 143.80 Td (an ) Tj ET Q q 0 0 0 rg BT 484.85 143.80 Td (eight ) Tj ET Q q 0 0 0 rg BT 511.76 143.80 Td (year ) Tj ET Q q 0 0 0 rg BT 536.21 143.80 Td (lease ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 130.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 104.44 130.60 Td (for ) Tj ET Q q 0 0 0 rg BT 119.62 130.60 Td (of) Tj ET Q q 0 0 0 rg BT 128.59 130.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 148.06 130.60 Td (space ) Tj ET Q q 0 0 0 rg BT 179.76 130.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 216.95 130.60 Td (with ) Tj ET Q q 0 0 0 rg BT 238.86 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.50 130.60 Td (landlord. ) Tj ET Q q 0 0 0 rg BT 301.04 130.60 Td (Rent ) Tj ET Q q 0 0 0 rg BT 326.62 130.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 370.56 130.60 Td (under ) Tj ET Q q 0 0 0 rg BT 401.04 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.68 130.60 Td (new ) Tj ET Q q 0 0 0 rg BT 441.20 130.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 469.85 130.60 Td (for ) Tj ET Q q 0 0 0 rg BT 485.03 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.67 130.60 Td (years ) Tj ET Q q 0 0 0 rg BT 531.92 130.60 Td (ended ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 117.40 Td (December ) Tj ET Q q 0 0 0 rg BT 103.30 117.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.64 117.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 152.23 117.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 179.75 117.40 Td (and ) Tj ET Q q 0 0 0 rg BT 201.16 117.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.69 117.40 Td (was ) Tj ET Q q 0 0 0 rg BT 251.31 117.40 Td ($189, ) Tj ET Q q 0 0 0 rg BT 281.89 117.40 Td ($203 ) Tj ET Q q 0 0 0 rg BT 309.42 117.40 Td (and ) Tj ET Q q 0 0 0 rg BT 330.83 117.40 Td ($158, ) Tj ET Q q 0 0 0 rg BT 361.41 117.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 418.67 117.40 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 92.20 Td (Future ) Tj ET Q q 0 0 0 rg BT 84.35 92.20 Td (minimum ) Tj ET Q q 0 0 0 rg BT 132.02 92.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 161.37 92.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 212.12 92.20 Td (under ) Tj ET Q q 0 0 0 rg BT 243.31 92.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 272.66 92.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 333.80 92.20 Td (through ) Tj ET Q q 0 0 0 rg BT 374.17 92.20 Td (December ) Tj ET Q q 0 0 0 rg BT 427.96 92.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 446.31 92.20 Td (2022 ) Tj ET Q q 0 0 0 rg BT 473.84 92.20 Td (are ) Tj ET Q q 0 0 0 rg BT 492.79 92.20 Td (as ) Tj ET Q q 0 0 0 rg BT 507.47 92.20 Td (follows:) Tj ET Q endstream endobj 289 0 obj <> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (143) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 629.5 m 445.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 615.5 m 445.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 613.5 m 445.5 613.5 l s BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 708.99 Td (2017) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 708.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 422.90 708.99 Td (196) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 693.99 Td (2018) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.60 693.99 Td (203) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 678.99 Td (2019) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.60 678.99 Td (207) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 663.99 Td (2020) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.60 663.99 Td (214) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 648.99 Td (2021) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.60 648.99 Td (221) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 633.99 Td (Thereafter) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 423.60 633.99 Td (229) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 168.00 618.99 Td (Total) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 368.00 618.99 Td ($) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 413.75 618.99 Td (1,270) Tj ET Q BT /F1 10.00 Tf ET BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 589.80 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 589.80 Td (1) Tj ET Q q 0 0 0 rg BT 88.62 589.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.80 589.80 Td (- ) Tj ET Q q 0 0 0 rg BT 104.52 589.80 Td (CONCENTRA) Tj ET Q q 0 0 0 rg BT 173.98 589.80 Td (TIONS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 564.60 Td (The ) Tj ET Q q 0 0 0 rg BT 72.57 564.60 Td (Company) Tj ET Q q 0 0 0 rg BT 121.90 564.60 Td (s ) Tj ET Q q 0 0 0 rg BT 131.51 564.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 187.00 564.60 Td (are ) Tj ET Q q 0 0 0 rg BT 207.02 564.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 253.32 564.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 309.43 564.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 338.02 564.60 Td (a ) Tj ET Q q 0 0 0 rg BT 348.26 564.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 384.16 564.60 Td (number ) Tj ET Q q 0 0 0 rg BT 425.58 564.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.87 564.60 Td (third ) Tj ET Q q 0 0 0 rg BT 464.39 564.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 501.52 564.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 540.50 564.60 Td (REF ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 551.40 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 98.86 551.40 Td (Further) Tj ET Q q 0 0 0 rg BT 133.71 551.40 Td (, ) Tj ET Q q 0 0 0 rg BT 140.28 551.40 Td (under ) Tj ET Q q 0 0 0 rg BT 171.93 551.40 Td (the ) Tj ET Q q 0 0 0 rg BT 190.73 551.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 221.75 551.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.44 551.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.25 551.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.06 551.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 347.72 551.40 Td (the ) Tj ET Q q 0 0 0 rg BT 366.53 551.40 Td (leases ) Tj ET Q q 0 0 0 rg BT 401.84 551.40 Td (may ) Tj ET Q q 0 0 0 rg BT 426.13 551.40 Td (be ) Tj ET Q q 0 0 0 rg BT 441.89 551.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 480.25 551.40 Td (to ) Tj ET Q q 0 0 0 rg BT 492.94 551.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 550.87 551.40 Td (by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 538.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.30 538.20 Td (lessee ) Tj ET Q q 0 0 0 rg BT 103.60 538.20 Td (at ) Tj ET Q q 0 0 0 rg BT 116.27 538.20 Td (periodic ) Tj ET Q q 0 0 0 rg BT 158.30 538.20 Td (intervals ) Tj ET Q q 0 0 0 rg BT 202.76 538.20 Td (or ) Tj ET Q q 0 0 0 rg BT 216.05 538.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 244.02 538.20 Td (the ) Tj ET Q q 0 0 0 rg BT 262.82 538.20 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 320.74 538.20 Td (of ) Tj ET Q q 0 0 0 rg BT 333.41 538.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 380.33 538.20 Td (events ) Tj ET Q q 0 0 0 rg BT 416.25 538.20 Td (which ) Tj ET Q q 0 0 0 rg BT 447.87 538.20 Td (include ) Tj ET Q q 0 0 0 rg BT 486.23 538.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 553.33 538.20 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 525.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 89.02 525.00 Td (45 ) Tj ET Q q 0 0 0 rg BT 104.08 525.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.08 525.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.20 525.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 173.72 525.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 220.58 525.00 Td (Code. ) Tj ET Q q 0 0 0 rg BT 252.58 525.00 Td (The ) Tj ET Q q 0 0 0 rg BT 274.36 525.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 331.60 525.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.60 525.00 Td (all ) Tj ET Q q 0 0 0 rg BT 357.43 525.00 Td (or ) Tj ET Q q 0 0 0 rg BT 370.04 525.00 Td (a ) Tj ET Q q 0 0 0 rg BT 378.99 525.00 Td (material ) Tj ET Q q 0 0 0 rg BT 420.94 525.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 457.40 525.00 Td (of ) Tj ET Q q 0 0 0 rg BT 469.40 525.00 Td (these ) Tj ET Q q 0 0 0 rg BT 499.14 525.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 533.76 525.00 Td (would ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 511.80 Td (have ) Tj ET Q q 0 0 0 rg BT 76.41 511.80 Td (a ) Tj ET Q q 0 0 0 rg BT 85.58 511.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 137.55 511.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.74 511.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 215.20 511.80 Td (on ) Tj ET Q q 0 0 0 rg BT 230.49 511.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.84 511.80 Td (Company) Tj ET Q q 0 0 0 rg BT 298.16 511.80 Td (s ) Tj ET Q q 0 0 0 rg BT 306.72 511.80 Td (future ) Tj ET Q q 0 0 0 rg BT 337.90 511.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 392.33 511.80 Td (and ) Tj ET Q q 0 0 0 rg BT 413.74 511.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.15 511.80 Td (condition. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 104.94 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 111.11 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.51 486.60 Td (production ) Tj ET Q q 0 0 0 rg BT 183.99 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.27 486.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 239.13 486.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 291.15 486.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 311.99 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 323.04 486.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 370.79 486.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 425.90 486.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 453.48 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.88 486.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 498.85 486.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 553.32 486.60 Td (of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 473.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 88.88 473.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 143.57 473.45 Td (stations. ) Tj ET Q q 0 0 0 rg BT 187.24 473.45 Td ( ) Tj ET Q q 0 0 0 rg BT 189.94 473.45 Td (Production ) Tj ET Q q 0 0 0 rg BT 245.23 473.45 Td (at ) Tj ET Q q 0 0 0 rg BT 257.11 473.45 Td (these ) Tj ET Q q 0 0 0 rg BT 286.72 473.45 Td (locations ) Tj ET Q q 0 0 0 rg BT 332.84 473.45 Td (could ) Tj ET Q q 0 0 0 rg BT 361.84 473.45 Td (be ) Tj ET Q q 0 0 0 rg BT 376.78 473.45 Td (impacted ) Tj ET Q q 0 0 0 rg BT 424.11 473.45 Td (by ) Tj ET Q q 0 0 0 rg BT 438.43 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 456.43 473.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 498.88 473.45 Td (for ) Tj ET Q q 0 0 0 rg BT 514.42 473.45 Td (electricity) Tj ET Q q 0 0 0 rg BT 559.45 473.45 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 460.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.11 460.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 108.13 460.20 Td (of ) Tj ET Q q 0 0 0 rg BT 120.63 460.20 Td (coal ) Tj ET Q q 0 0 0 rg BT 144.13 460.20 Td (burned ) Tj ET Q q 0 0 0 rg BT 181.70 460.20 Td (as ) Tj ET Q q 0 0 0 rg BT 196.64 460.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 248.88 460.20 Td (to ) Tj ET Q q 0 0 0 rg BT 261.38 460.20 Td (other ) Tj ET Q q 0 0 0 rg BT 289.77 460.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 338.94 460.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 394.25 460.20 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 453.82 460.20 Td (utilized ) Tj ET Q q 0 0 0 rg BT 491.39 460.20 Td (by ) Tj ET Q q 0 0 0 rg BT 506.33 460.20 Td (the ) Tj ET Q q 0 0 0 rg BT 524.94 460.20 Td (utility ) Tj ET Q q 0 0 0 rg BT 553.33 460.20 Td (to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 447.05 Td (produce ) Tj ET Q q 0 0 0 rg BT 92.65 447.05 Td (electricity) Tj ET Q q 0 0 0 rg BT 137.68 447.05 Td (, ) Tj ET Q q 0 0 0 rg BT 144.13 447.05 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 200.72 447.05 Td (due ) Tj ET Q q 0 0 0 rg BT 222.47 447.05 Td (to ) Tj ET Q q 0 0 0 rg BT 235.05 447.05 Td (foreseen ) Tj ET Q q 0 0 0 rg BT 281.25 447.05 Td (or ) Tj ET Q q 0 0 0 rg BT 294.43 447.05 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 352.87 447.05 Td (plant ) Tj ET Q q 0 0 0 rg BT 380.12 447.05 Td (outages, ) Tj ET Q q 0 0 0 rg BT 425.72 447.05 Td (and ) Tj ET Q q 0 0 0 rg BT 447.47 447.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 492.46 447.05 Td (in ) Tj ET Q q 0 0 0 rg BT 504.42 447.05 Td (government ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 433.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 105.16 433.80 Td (related ) Tj ET Q q 0 0 0 rg BT 140.65 433.80 Td (to ) Tj ET Q q 0 0 0 rg BT 151.67 433.80 Td (electricity ) Tj ET Q q 0 0 0 rg BT 199.36 433.80 Td (generation ) Tj ET Q q 0 0 0 rg BT 253.20 433.80 Td (or ) Tj ET Q q 0 0 0 rg BT 264.83 433.80 Td (coal ) Tj ET Q q 0 0 0 rg BT 286.85 433.80 Td (burning ) Tj ET Q q 0 0 0 rg BT 325.40 433.80 Td (activities. ) Tj ET Q q 0 0 0 rg BT 372.48 433.80 Td ( ) Tj ET Q q 0 0 0 rg BT 374.33 433.80 Td (Of ) Tj ET Q q 0 0 0 rg BT 387.79 433.80 Td (the ) Tj ET Q q 0 0 0 rg BT 404.93 433.80 Td (Company) Tj ET Q q 0 0 0 rg BT 454.26 433.80 Td (s ) Tj ET Q q 0 0 0 rg BT 461.61 433.80 Td (leased ) Tj ET Q q 0 0 0 rg BT 495.87 433.80 Td (REF ) Tj ET Q q 0 0 0 rg BT 519.72 433.80 Td (Facilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 420.65 Td (47%, ) Tj ET Q q 0 0 0 rg BT 77.52 420.65 Td (23%, ) Tj ET Q q 0 0 0 rg BT 105.54 420.65 Td (15% ) Tj ET Q q 0 0 0 rg BT 130.50 420.65 Td (and ) Tj ET Q q 0 0 0 rg BT 151.80 420.65 Td (15% ) Tj ET Q q 0 0 0 rg BT 176.77 420.65 Td (are ) Tj ET Q q 0 0 0 rg BT 195.61 420.65 Td (located ) Tj ET Q q 0 0 0 rg BT 234.03 420.65 Td (in ) Tj ET Q q 0 0 0 rg BT 245.54 420.65 Td (the ) Tj ET Q q 0 0 0 rg BT 263.78 420.65 Td (mid-west, ) Tj ET Q q 0 0 0 rg BT 313.79 420.65 Td (northwest, ) Tj ET Q q 0 0 0 rg BT 367.48 420.65 Td (east ) Tj ET Q q 0 0 0 rg BT 391.22 420.65 Td (and ) Tj ET Q q 0 0 0 rg BT 412.52 420.65 Td (southern ) Tj ET Q q 0 0 0 rg BT 458.27 420.65 Td (portions ) Tj ET Q q 0 0 0 rg BT 500.35 420.65 Td (of ) Tj ET Q q 0 0 0 rg BT 512.48 420.65 Td (the ) Tj ET Q q 0 0 0 rg BT 530.71 420.65 Td (United ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 407.45 Td (States, ) Tj ET Q q 0 0 0 rg BT 86.80 407.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 144.06 407.45 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 88.28 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.78 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.40 370.25 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 171.63 370.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 209.19 370.25 Td (by ) Tj ET Q q 0 0 0 rg BT 224.14 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.75 370.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 293.15 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.65 370.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 348.73 370.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 391.81 370.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 444.03 370.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 465.09 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.32 370.25 Td (available ) Tj ET Q q 0 0 0 rg BT 531.06 370.25 Td (from ) Tj ET Q q 0 0 0 rg BT 556.39 370.25 Td (a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 357.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 84.91 357.05 Td (number ) Tj ET Q q 0 0 0 rg BT 125.83 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 138.63 357.05 Td (vendors ) Tj ET Q q 0 0 0 rg BT 181.39 357.05 Td (in ) Tj ET Q q 0 0 0 rg BT 193.58 357.05 Td (the ) Tj ET Q q 0 0 0 rg BT 212.50 357.05 Td (United ) Tj ET Q q 0 0 0 rg BT 247.92 357.05 Td (States. ) Tj ET Q q 0 0 0 rg BT 285.55 357.05 Td (The ) Tj ET Q q 0 0 0 rg BT 308.13 357.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 366.44 357.05 Td (future ) Tj ET Q q 0 0 0 rg BT 398.19 357.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 453.19 357.05 Td (may ) Tj ET Q q 0 0 0 rg BT 477.59 357.05 Td (be ) Tj ET Q q 0 0 0 rg BT 493.46 357.05 Td (materially ) Tj ET Q q 0 0 0 rg BT 544.15 357.05 Td (and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 343.85 Td (adversely ) Tj ET Q q 0 0 0 rg BT 99.71 343.85 Td (af) Tj ET Q q 0 0 0 rg BT 108.69 343.85 Td (fected ) Tj ET Q q 0 0 0 rg BT 141.79 343.85 Td (if ) Tj ET Q q 0 0 0 rg BT 150.42 343.85 Td (the ) Tj ET Q q 0 0 0 rg BT 168.84 343.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.06 343.85 Td (encounters ) Tj ET Q q 0 0 0 rg BT 276.62 343.85 Td (dif) Tj ET Q q 0 0 0 rg BT 288.03 343.85 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 319.29 343.85 Td (procuring ) Tj ET Q q 0 0 0 rg BT 368.28 343.85 Td (these ) Tj ET Q q 0 0 0 rg BT 398.32 343.85 Td (chemicals, ) Tj ET Q q 0 0 0 rg BT 453.41 343.85 Td (the ) Tj ET Q q 0 0 0 rg BT 471.84 343.85 Td (quality ) Tj ET Q q 0 0 0 rg BT 506.77 343.85 Td (of ) Tj ET Q q 0 0 0 rg BT 519.08 343.85 Td (available ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 330.65 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 101.46 330.65 Td (deteriorates, ) Tj ET Q q 0 0 0 rg BT 165.66 330.65 Td (or ) Tj ET Q q 0 0 0 rg BT 178.50 330.65 Td (there ) Tj ET Q q 0 0 0 rg BT 206.63 330.65 Td (are ) Tj ET Q q 0 0 0 rg BT 225.58 330.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 277.55 330.65 Td (price ) Tj ET Q q 0 0 0 rg BT 304.45 330.65 Td (increases ) Tj ET Q q 0 0 0 rg BT 354.58 330.65 Td (for ) Tj ET Q q 0 0 0 rg BT 370.48 330.65 Td (the ) Tj ET Q q 0 0 0 rg BT 388.82 330.65 Td (chemicals. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 49.50 281.40 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 83.11 281.40 Td (12 ) Tj ET Q q 0 0 0 rg BT 98.40 281.40 Td (- ) Tj ET Q q 0 0 0 rg BT 105.12 281.40 Td (SUBSEQUENT ) Tj ET Q q 0 0 0 rg BT 184.58 281.40 Td (EVENTS) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 256.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 116.81 256.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 167.61 256.20 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 227.59 256.20 Td (events ) Tj ET Q q 0 0 0 rg BT 263.10 256.20 Td (through ) Tj ET Q q 0 0 0 rg BT 303.51 256.20 Td (March ) Tj ET Q q 0 0 0 rg BT 337.17 256.20 Td (6, ) Tj ET Q q 0 0 0 rg BT 349.44 256.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 377.01 256.20 Td (the ) Tj ET Q q 0 0 0 rg BT 395.40 256.20 Td (date ) Tj ET Q q 0 0 0 rg BT 419.91 256.20 Td (the ) Tj ET Q q 0 0 0 rg BT 438.30 256.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.76 256.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 538.66 256.20 Td (were ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 49.50 243.00 Td (available ) Tj ET Q q 0 0 0 rg BT 95.98 243.00 Td (to ) Tj ET Q q 0 0 0 rg BT 108.21 243.00 Td (be ) Tj ET Q q 0 0 0 rg BT 123.50 243.00 Td (issued.) Tj ET Q endstream endobj 291 0 obj <> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (144) Tj ET Q BT /F1 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Pursuant to the requirements of Section13 or 15\(d\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 324.93 721.10 Td (Act, the Registrant has duly caused this report to be signed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 698.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.30 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 55 684.73505859375 m 206.4306640625 684.73505859375 l s q 0 0 0 rg BT 55.00 686.30 Td (Advanced Emissions Solutions, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.30 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.00 674.30 Td (\(Registrant\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 648.8 m 280.5 648.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 648.8 m 562.5 648.8 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.47 Td (By) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 653.47 Td (/s/ L. Heath Sampson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 653.47 Td (By) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 653.47 Td (/s/ Greg P. Marken) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.47 Td (L. Heath Sampson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 638.47 Td (Greg P. 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